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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows from Operating Activities:    
Net income (loss) $ (16,119) $ (147,447)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 516,502 600,762
Accretion of discount on asset retirement obligations 50,034 27,788
Gain on sale of oil and gas properties (28,449) (533,048)
Common stock issued in exchange for services 18,000 246,942
Common stock issued in exchange for accrued interest   10,462
Changes in operating assets and liabilities:    
Accounts receivable (164,471) (159,594)
Prepaid expenses and other 30,166 88,282
Accounts payable (71,389) (201)
Accrued costs and expenses (138,558) (6,557)
Net cash provided by (used in) operating activities 195,716 127,389
Cash Flows from Investing Activities:    
Capital expenditures for property and equipment (274,467) (843,731)
Proceeds from sale of oil and gas properties 28,449 1,108,709
Contingent consideration paid to DNR under sharing arrangement   (282,704)
Net cash provided by (used in) investing activities (246,018) (17,726)
Cash Flows from Financing Activities:    
Proceeds from notes and advance payable 1,041,920 825,000
Principal payments on notes payable (549,274) (264,619)
Payment of dividends on preferred stock (391,875) (391,875)
Redemption of preferred stock (50,000)  
Payment of preferred stock offering costs   (50,000)
Net cash provided by (used in) financing activities 50,771 118,506
Net decrease in cash and equivalents 469 228,169
Cash and equivalents, beginning of period 6,921 219,566
Cash and equivalents, end of period 7,390 447,735
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 84,581 86,827
Cash paid for income taxes      
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Payable to DNR for acquisition of oil and gas properties   250,000
Asset retirement obligations assumed upon sale oil and gas properties   16,411
Increase in oil and gas properties due to revision of asset retirement obligations   26,437
Preferred Stock Series A1
   
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Series A-1 Preferred Stock Dividend Payable   391,875
Conversion of Series A-1 Preferred Stock to Notes Payable $ 600,000