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STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Sale of Oil and Gas $ 744,410 $ 457,101 $ 1,569,966 $ 787,996
Supervisory Fees and Other 174,429 184,267 327,904 325,038
Total Revenues 918,839 641,368 1,897,870 1,113,034
Costs and Expenses:        
General and Administrative 587,070 696,201 1,422,131 1,556,214
Lease Operating 267,826 239,928 721,362 507,137
Delay Rentals 12,298 1,200 31,792 26,813
Legal and Accounting 49,751 80,833 268,403 252,464
Marketing 35,122 65,095 130,318 102,721
Depreciation, Depletion and Amortization 88,309 63,030 178,135 126,311
Total Costs and Expenses 1,040,376 1,146,287 2,752,141 2,571,660
Gain on Turnkey Drilling Programs 415,487 321,831 396,454 241,932
Gain (Loss) on Sale of Assets (34,601) 2,294,920 (34,601) 2,294,920
Income (Loss) From Operations 259,349 2,111,832 (492,418) 1,078,226
Other Income (Expense):        
Interest Expense (21,955) (102,499) (37,293) (303,367)
Income (Loss) Before Income Tax Expense (Benefit) 237,394 2,009,333 (529,711) 774,859
Net Income (Loss) 237,394 2,009,333 (529,711) 774,859
Basic Earnings (Loss) Per Share (in Dollars per share) $ 0.02 $ 0.15 $ (0.04) $ 0.06
Diluted Earnings (Loss) Per Share (in Dollars per share) $ 0.02 $ 0.15 $ (0.04) $ 0.06
Other Comprehensive Income        
Unrealized Gain on Equity Securities 0 0 0 0
Other Comprehensive Income, before tax 0 0 0 0
Income Tax Expense Related to Items of Other Comprehensive Income 0 0 0 0
Other Comprehensive Income, net of tax 0 0 0 0
Comprehensive Income (Loss) $ 237,394 $ 2,009,333 $ (529,711) $ 774,859