Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Consolidated Statements of Operations [Abstract]
REVENUES	$ 11,755,421	$ 14,721,233
COSTS AND EXPENSES
Production costs	6,771,123	4,051,496
Depreciation, depletion, amortization, and accretion	3,778,563	5,565,679
Impairment of oil and gas properties	10,132,702	1,288,049
Selling, general and administrative	5,919,881	5,673,939
Total Costs and Expenses	26,602,269	16,579,163
Gain on sale of assets	112,898	12,627,896
(LOSS) INCOME FROM OPERATIONS	(14,733,950)	10,769,966
OTHER INCOME (EXPENSES)
Interest income	18,774	1,043
Interest expense	(5,738,803)	(1,679,276)
(Loss) Gain on derivatives	(807,639)	48,943
Total Other Income (Expenses)	(6,527,667)	(1,629,290)
NET (LOSS) INCOME BEFORE INCOME TAXES	(21,261,617)	9,140,676
INCOME TAX BENEFIT (EXPENSE)	58,013	(214,000)
NET (LOSS) INCOME	$ (21,203,604)	$ 8,926,676
(LOSS) EARNINGS PER SHARE - BASIC	$ (1.62)	$ 0.70
(LOSS) EARNINGS PER SHARE - DILUTED	$ (1.62)	$ 0.66
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC	13,074,208	12,807,964
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED	13,074,208	13,552,221