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STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Sale of Oil and Gas $ 163,706 $ 115,823 $ 351,049 $ 249,940
Supervisory Fees and Other 81,802 216,519 168,857 369,360
Total Revenues 245,508 332,342 519,906 619,300
Costs and Expenses:        
Lease Operating 123,832 153,808 230,453 338,943
Lease Impairment 99,468 60,237 136,837 60,237
Well Equipment Write Down   8,562 6,000 19,151
General and Administrative 450,042 494,893 1,015,028 1,127,670
Legal and Accounting 188,989 72,642 668,283 232,279
Marketing 108,084 59,530 162,232 103,911
Depreciation, Depletion and Amortization 43,464 71,989 90,304 149,172
Total Costs and Expenses 1,013,879 921,661 2,309,137 2,031,363
Gain (Loss) on Turnkey Drilling 878,533 (300,086) 878,533 (80,012)
Income (Loss) From Operations 110,162 (889,405) (910,698) (1,492,075)
Other Income (Loss):        
Interest Expense (39,500) (25,852) (79,412) (47,502)
Gain on Settlement of Accounts Payable 0 240,885 73,128 240,885
Gain on Sale of assets 0 198,975 0 198,975
Income (Loss) Before Income Tax Expense 70,662 (475,397) (916,982) (1,099,717)
Net Income (Loss) $ 70,662 $ (475,397) $ (916,982) $ (1,099,717)
Basic Earnings (Loss) Per Share (in Dollars per share) $ 0.00 $ (0.03) $ (0.04) $ (0.06)
Diluted Earnings (Loss) Per Share (in Dollars per share) $ 0.00 $ (0.03) $ (0.04) $ (0.06)