Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash	$ 2,933,562	$ 805,524
Accounts receivable	959,653us-gaap_AccountsReceivableNetCurrent	1,278,509us-gaap_AccountsReceivableNetCurrent
Inventory	222,929us-gaap_InventoryNet	248,218us-gaap_InventoryNet
Derivative receivable	3,952,092us-gaap_DerivativeAssetsCurrent	3,736,005us-gaap_DerivativeAssetsCurrent
Marketable securities	1,018,573us-gaap_MarketableSecuritiesCurrent	1,018,573us-gaap_MarketableSecuritiesCurrent
Deposits and prepaid expenses	722,187	324,339
Total current assets	9,808,996us-gaap_AssetsCurrent	7,411,168us-gaap_AssetsCurrent
Non-current assets:
Fixed assets, net of accumulated depreciation of $2,005,467 and $1,945,607	2,335,805us-gaap_PropertyPlantAndEquipmentGross	2,404,703us-gaap_PropertyPlantAndEquipmentGross
Oil and gas properties using full-cost accounting, net of accumulated DD&A of $14,501,249 and $13,827,347	47,300,714	64,263,272
Derivative receivable	615,102us-gaap_DerivativeAssetsNoncurrent	985,746us-gaap_DerivativeAssetsNoncurrent
Other non-current assets	941,650us-gaap_OtherAssetsNoncurrent	993,207us-gaap_OtherAssetsNoncurrent
Total non-current assets	51,193,271us-gaap_AssetsNoncurrent	68,646,928us-gaap_AssetsNoncurrent
Total assets	61,002,267us-gaap_Assets	76,058,096us-gaap_Assets
Current liabilities:
Accounts payable	2,027,686us-gaap_AccountsPayableCurrent	3,042,835us-gaap_AccountsPayableCurrent
Accrued liabilities	1,494,740us-gaap_AccruedLiabilitiesCurrent	1,096,521us-gaap_AccruedLiabilitiesCurrent
Total current liabilities	3,522,426us-gaap_LiabilitiesCurrent	4,139,356us-gaap_LiabilitiesCurrent
Non-Current Liabilities:
Asset retirement obligation	2,974,833	2,906,093
Long-term debt	23,504,928us-gaap_LongTermDebtNoncurrent	23,011,660us-gaap_LongTermDebtNoncurrent
Total non-current liabilities	26,479,761us-gaap_LiabilitiesNoncurrent	25,917,753us-gaap_LiabilitiesNoncurrent
Total liabilities	30,002,187us-gaap_Liabilities	30,057,109us-gaap_Liabilities
Commitments and Contingencies
Stockholders' Equity:
Common stock, $0.001 par value, 250,000,000 shares authorized; shares issued and outstanding 8,406,661 at March 31, 2015 and 7,643,114 at December 31, 2014	8,407us-gaap_CommonStockValue	7,643us-gaap_CommonStockValue
Paid in capital	66,648,974us-gaap_AdditionalPaidInCapital	63,825,998us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive income	(552,589)	(552,589)
Retained (deficit)	(35,105,466)	(17,280,817)
Total stockholders' equity	31,000,080us-gaap_StockholdersEquity	46,000,987us-gaap_StockholdersEquity
Total liabilities and stockholders' equity	61,002,267	76,058,096
10% Series A Cumulative Redeemable Preferred Stock [Member]
Stockholders' Equity:
Preferred Stock Value	752	752
Series B Convertable Preferred Stock [Member]
Stockholders' Equity:
Preferred Stock Value	$ 2	$ 0

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19

-Subparagraph a

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(a))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682