Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities
Net Income	$ 4,573,624	$ 1,290,453
Depreciation, depletion and amortization	3,549,245	1,856,660
Stock, options and warrants issued for services	638,171	255,977
Accretion of asset retirement obligation	255,836	139,779
Settlement of asset retirement obligations	(102,930)	(36,758)
(Gain) on derivatives	(6,073,101)	(448,945)
Loss on sale of fixed assets	9,738	5,833
Adjustments to reconcile net income to cash from operating activities:
Accounts receivable	1,183,237	(361,314)
Inventory	(9,424)	34,336
Deposits and prepaid expenses	(27,282)	235,471
Accounts payable	618,826	(545,112)
Accrued liabilities	(1,973,941)	686,441
Cash flows from operating activities	2,641,999	3,112,821
Cash flows from investing activities
Purchase of fixed assets	(298,903)	(184,794)
Additions to oil and gas properties	(7,095,865)	(7,672,492)
Sale of oil and gas properties	987,939	454,975
Settlements of asset retirement obligations	0	(18,910)
Proceeds from sale of fixed assets	1,250	12,755
Net cash acquired from Black Raven	0	656,693
Cash flows from investing activities	(6,405,579)	(6,751,773)
Cash flows from financing activities
Proceeds from sale of preferred stock	13,347,564	0
Repayments of long-term debt	(14,035,595)	(9,096)
Borrowings on long-term debt	5,500,000	6,000,000
Dividends paid on preferred stock	(1,392,035)	(757,992)
Repayments of notes payable	0	(825,000)
Deferred financing costs	(159,026)	(228,258)
Cash flows from financing activities	3,260,908	4,179,654
Increase (decrease) in cash and cash equivalents	(502,672)	540,702
Cash and cash equivalents, beginning	1,308,196	767,494
Cash and cash equivalents, end	805,524	1,308,196
Supplemental disclosures:
Interest paid	741,757	375,932
Income taxes paid	0	0
Non-cash transactions:
Share-based payments issued for services	638,171	216,810
Preferred dividends payable	$ 0	$ 456,289