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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (987,644) $ (624,320)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation, Depletion and Amortization 46,840 77,183
Lease Impairment 37,369 0
Gain on Turnkey Drilling Programs 0 (220,074)
Gain on Settlement of Accounts Payable (73,128) 0
Well Equipment Write Down 6,000 10,589
Stock-Based Compensation 0 182,187
(Increase) Decrease in:    
Other & Revenue Receivables 261,260 20,266
Prepaid Expenses and Other Assets (19,607) (24,627)
Increase (Decrease) in:    
Accounts Payable and Accrued Expenses (20,978) 302,663
Net Cash Used in Operating Activities (749,888) (276,133)
CASH FLOWS FROM INVESTING ACTIVITIES    
Expenditures for Oil and Gas Properties and Other Capital Expenditures (8,042) (1,411,811)
Proceeds from Turnkey Drilling Programs 700,000 475,000
Net Cash Provided By (Used) In Investing Activities 691,958 (936,811)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal Payments on Long-Term Debt 0 (7,579)
Net Cash Used in Financing Activities 0 (7,579)
Net Decrease in Cash and Cash Equivalents (57,930) (1,220,523)
Cash at Beginning of Period 4,994,598 3,763,819
Cash at End of Period 4,936,668 2,543,296
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:    
Cash Paid for Interest 412 21,650
Cash Paid for Taxes $ 1,000 $ 2,100