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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 759,342 $ (1,780,202)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 211,959 1,091,795
Accretion expense 97,800 110,400
Deferred income taxes (1,000)
Changes in assets and liabilities:    
Accounts receivable (324,663) 31,100
Other current assets 41,981 500
Other assets (7,840)
Accounts payable (8,134) (39,430)
Accrued expenses (523,638) (546,692)
Joint venture partner advances 204,442 6,049
Total adjustments (308,093) 652,722
Net cash provided by (used in) operating activities 451,249 (1,127,480)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (29,007)
Payments received on receivables from employees 38,717 35,097
Purchase of property and equipment (195)
Net cash provided by investing activities 9,710 34,902
NET CHANGE IN CASH AND EQUIVALENTS 460,959 (1,092,578)
CASH AND EQUIVALENTS - BEGINNING OF PERIOD 11,224,865 22,734,047
CASH AND EQUIVALENTS - END OF PERIOD 11,685,824 21,641,469
Supplemental disclosures of cash flow information and non-cash activities:    
Income taxes $ 499 $ 390