Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Consolidated Statements of Operations [Abstract]
REVENUES	$ 5,314,257	$ 2,033,236	$ 10,838,672	$ 4,643,306
COSTS AND EXPENSES
Production Costs	1,648,397	601,853	2,914,805	1,799,567
Depreciation, depletion, amortization and accretion	1,360,678	783,143	3,764,598	1,926,863
Selling, general and administrative	1,401,996	1,258,749	4,044,886	2,517,724
Total costs and expenses	4,411,071	2,643,745	10,724,289	6,244,154
Gain on sale of assets	3,531	24,796,970	12,627,896	24,796,786
INCOME FROM OPERATIONS	906,717	24,186,461	12,742,279	23,195,938
OTHER INCOME (EXPENSES)
Interest Income	180	2,252	648	12,051
Interest Expense	(367,004)	(182,259)	(1,217,121)	(1,551,237)
Gain on derivative contracts	40,280	22,000	50,299	175,796
Total other income (expenses)	(326,544)	(158,007)	(1,166,174)	(1,363,390)
NET INCOME BEFORE INCOME TAXES	580,173	24,028,454	11,576,105	21,832,548
INCOME TAXES	(36,000)	450,000	214,000	450,000
NET INCOME	$ 616,173	$ 23,578,454	$ 11,362,105	$ 21,382,548
NET INCOME PER SHARE - BASIC	$ 0.05	$ 1.88	$ 0.89	$ 1.73
NET INCOME PER SHARE - DILUTED	$ 0.04	$ 1.66	$ 0.82	$ 1.65
WEIGHTED AVERAGE SHARES - BASIC	12,782,078	12,531,078	12,783,913	12,383,783
WEIGHTED AVERAGE SHARES - DILUTED	14,319,629	14,186,089	13,774,255	12,935,453