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Consolidated Statements of Operations (USD $)
3 Months Ended9 Months Ended12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2010
Dec. 31, 2009
Revenue:      
Oil and gas$ 3,387,665$ 1,138,872$ 5,894,191$ 3,790,306$ 4,879,718$ 5,676,271
Commodity derivative gain155,570290,840280,500701,970691,660226,476
Other income291,093132,186480,568255,323360,236334,878
Total revenue3,834,3281,561,8986,655,2594,747,5995,931,6146,237,625
Expenses:      
Lease operating expenses625,100255,2211,313,817767,1471,053,3871,134,936
Transportation costs469,650103,724741,855226,298444,033393,409
Production and property taxes213,597101,666410,417312,648430,433563,502
General and administrative1,182,166677,3943,771,0812,411,7713,094,4102,672,215
Depreciation, depletion and amortization914,182363,3831,661,1041,163,2631,540,1752,625,086
Accretion of asset retirement obligations59,5744,13971,31512,62117,36743,315
Impairment of oil and gas properties3,825,042 12,204,761  16,076,515
Total expenses7,289,3111,505,52720,174,3504,893,7486,579,80523,508,978
Operating loss(3,454,983)56,371(13,519,091)(146,149)(648,191)(17,271,353)
Other income and (expense):      
Interest income62910,19666829,32938,71037,959
Interest expense(130,834)(41,354)(323,147)(291,000)(352,138)(1,167,247)
Equity investment income(36,479) 4,880 22,745 
Gain on sale of oil and gas properties   9,876,51010,103,932 
Total other income and (expense)(616,684)(31,158)(780,163)9,614,8399,813,249(1,129,288)
Income (loss) before income taxes(4,071,667)25,213(14,299,254)9,468,6909,165,058(18,400,641)
Income taxes:      
Provision for income taxes (benefit)   5,404,0005,404,000(4,784,000)
Net income (loss) before non-controlling interests(4,071,667)25,213(14,299,254)4,064,6903,761,058(13,616,641)
Net income attributable to non-controlling interests844,136(141,392)947,193(908,453)(941,093) 
Net income (loss) attributable to controlling interest$ (3,227,531)$ (116,179)$ (13,352,061)$ 3,156,237$ 2,819,965$ (13,616,641)