Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:
Oil revenues	$ 3,574,465	$ 2,196,736	$ 7,187,044	$ 4,534,037
Natural gas revenues	374,931	0	617,329	0
Total revenues	3,949,396	2,196,736	7,804,373	4,534,037
Expenses:
Direct operating costs	1,511,133	751,957	3,043,040	1,534,029
Depreciation, depletion and amortization	832,381	418,561	1,596,139	863,098
Professional fees	227,213	269,257	452,115	625,479
Salaries	369,088	185,978	679,436	431,989
Administrative expense	251,200	174,243	392,229	313,647
Total expenses	3,191,015	1,799,996	6,162,959	3,768,242
Income from operations	758,381	396,740	1,641,414	765,795
Other income (expense):
Interest expense	(358,739)	(137,128)	(737,667)	(255,373)
Gain (loss) on derivatives	(1,406,739)	407,759	(1,811,092)	167,818
Other income	292	49,214	4,174	58,381
Total other income (expense)	(1,765,186)	319,845	(2,544,585)	(29,174)
Net income (loss)	(1,006,805)	716,585	(903,171)	736,621
Net income (loss)	(1,006,805)	716,585	(903,171)	736,621
Preferred dividends	0	(199,456)	(399,447)	(392,343)
Net income (loss) attributable to common stockholders	$ (1,006,805)	$ 517,129	$ (1,302,618)	$ 344,278
Net income (loss) per share basic and diluted	$ 0.14	$ 0.11	$ 0.18	$ 0.08
Weighted average shares	7,342,858	4,522,501	7,317,092	4,522,468