Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities
Net income (loss)	$ (903,171)	$ 736,621
Depreciation, depletion and amortization	1,596,139	863,098
Stock, options and warrants issued for services	359,473	140,496
Accretion of asset retirement obligation	127,389	56,386
Settlement of asset retirement obligation	(30,647)	(36,758)
Loss (gain) on derivatives	1,005,135	(590,501)
Loss on sale of fixed assets	0	7,785
Adjustments to reconcile net income to cash from operating activities:
Accounts receivable	394,328	233,698
Inventory	(45,051)
Prepaid expenses	(290,498)	(137,674)
Accounts payable	(145,089)	(900,069)
Accrued liabilities	(1,076,249)	(16,556)
Cash flows from operating activities	991,759	356,526
Cash flows from investing activities
Purchase of fixed assets	(39,439)	(41,418)
Additions to oil and gas properties	(2,657,269)	(3,035,741)
Proceeds from the sale of assets	987,939	452,118
Cash flows from investing activities	(1,708,769)	(2,625,041)
Cash flows from financing activities
Payments on long-term debt	(14,018,191)	0
Payments on notes payable	0	(400,000)
Proceeds from borrowings	1,500,000	2,500,000
Proceeds from sale of preferred stock	13,400,932	0
Deferred financing costs	21,037	0
Dividends paid on preferred stock	(855,737)	(367,650)
Cash flows from financing activities	48,041	1,732,350
Net decrease in cash	(668,969)	(536,165)
Cash - beginning	1,308,196	767,494
Cash - ending	639,227	231,329
Supplemental disclosures:
Interest paid	388,335	117,588
Income taxes paid	0	0
Non-cash transactions:
Share based payments issued for services	$ 359,473	$ 140,496