Oil and Gas Properties

6 Months Ended

Jun. 30, 2011

Oil and Gas Properties [Abstract]

OIL AND GAS PROPERTIES

NOTE 5 — OIL AND GAS PROPERTIES

Total additions for oil and gas properties for the six months ended June 30, 2011 and 2010 were $12,288,058 and $5,655,924, respectively. Depreciation, depletion, and amortization expenses on oil and gas properties were $2,298,898 and $1,042,129 for the six months ended June 30, 2011 and 2010, respectively.