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STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenues:    
Sale of Oil and Gas $ 538,631 $ 1,018,928
Supervisory Fees and Other 675,208 694,160
Total Revenues 1,213,839 1,713,088
Costs and Expenses:    
General and Administrative 2,614,502 3,181,571
Lease Operating 594,241 1,000,769
Delay Rentals 0 448,313
Lease Impairment 2,071,849 424,163
Well Equipment Write Down 19,151 60,960
Bad Debt Expense 0 536,538
Legal and Accounting 627,577 558,471
Marketing 294,522 326,143
Depreciation, Depletion and Amortization 283,874 400,813
Total Costs and Expenses 6,505,716 6,937,741
Gain on Turnkey Drilling Programs 460,210 2,330,969
Loss from Operations (4,831,667) (2,893,684)
Other Income (Expense):    
Interest Expense (114,159) (86,088)
Gain on Sale of Assets 483,394 968,956
Gain on Settlement of Accounts Payable 341,751 0
Loss on Disposal of Assets (23,781) 0
Loss Before Income Tax Expense (4,144,462) (2,010,816)
Provision for Income Taxes 0 0
Net Loss $ (4,144,462) $ (2,010,816)
Basic Loss Per Share (in Dollars per share) $ (0.22) $ (0.13)
Diluted Loss Per Share (in Dollars per share) $ (0.22) $ (0.13)
Other Comprehensive Income (Loss)    
Unrealized Loss on Equity Securities $ 0 $ 0
Less: Reclassification Adjustment for Losses Included in Net Income 0 (6,503)
Other Comprehensive Gain (Loss) before tax 0 6,503
Other Comprehensive Gain (Loss), net of tax 0 6,503
Comprehensive Loss $ (4,144,462) $ (2,004,313)