Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Consolidated Statements of Operations [Abstract]
REVENUES	$ 2,464,702	$ 3,894,316	$ 5,382,230	$ 5,524,415
COSTS AND EXPENSES
Production Costs	1,108,251	840,321	2,729,417	1,266,408
Depreciation, depletion, amortization and accretion	742,050	1,850,178	1,753,048	2,403,920
Selling, general and administrative	1,909,215	1,581,112	3,321,990	2,642,890
Total costs and expenses	3,759,516	4,271,611	7,804,455	6,313,218
Gain (loss) on sale of assets	7,207		69,062	12,624,365
LOSS (INCOME) FROM OPERATIONS	(1,287,607)	(377,295)	(2,353,163)	11,835,562
OTHER INCOME (EXPENSES)
Interest Income	5,987	221	13,180	468
Interest Expense	(1,432,141)	(442,923)	(1,870,885)	(850,117)
Gain on derivative contracts		12,654	639	10,019
Total other income (expenses)	(1,426,154)	(430,048)	(1,857,066)	(839,630)
NET LOSS (INCOME) BEFORE INCOME TAXES	(2,713,761)	(807,343)	(4,210,229)	10,995,932
INCOME TAXES		(20,000)		250,000
NET (LOSS) INCOME	$ (2,713,761)	$ (787,343)	$ (4,210,229)	$ 10,745,932
NET (LOSS) INCOME PER SHARE - BASIC	$ (0.21)	$ (0.06)	$ (0.32)	$ 0.84
NET (LOSS) INCOME PER SHARE - DILUTED	$ (0.21)	$ (0.06)	$ (0.32)	$ 0.80
WEIGHTED AVERAGE SHARES - BASIC	12,989,130	12,736,831	12,984,479	12,736,080
WEIGHTED AVERAGE SHARES - DILUTED	12,989,130	12,736,831	12,984,479	13,410,084