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STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Sale of Oil and Gas $ 187,343 $ 134,117
Supervisory Fees and Other 87,055 152,841
Total Revenues 274,398 286,958
Costs and Expenses:    
General and Administrative 564,986 632,777
Lease Operating 106,621 185,135
Lease Impairment 37,369 0
Well Equipment Write Down 6,000 10,589
Legal and Accounting 479,294 159,637
Marketing 54,148 44,381
Depreciation, Depletion and Amortization 46,840 77,183
Total Costs and Expenses 1,295,258 1,109,702
Gain on Turnkey Drilling 0 220,074
Loss From Operations (1,020,860) (602,670)
Other Income (Expense):    
Interest Expense (39,912) (21,650)
Gain on Settlement of Accounts Payable 73,128 0
Loss Before Income Tax Expense (987,644) (624,320)
Net Loss $ (987,644) $ (624,320)
Basic Loss Per Share:    
Net Loss available to common stock (in Dollars per share) $ (0.05) $ (0.04)
Diluted Loss Per Share (in Dollars per share) $ (0.05) $ (0.04)