Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (21,203,604)	$ 8,926,676
Adjustments to reconcile net (loss) income to net cash (used) provided by operating activities:
Depreciation, depletion, amortization, and accretion	3,778,563	5,565,679
Impairment of fixed assets	10,132,702	1,288,049
Amortization of deferred financing cost and debt discount	1,345,908	712,500
Share-based compensation	1,831,698	975,099
Gain on sale of assets	(112,898)	(12,627,896)
Unrealized loss on derivatives	808,278	187,590
Interest and legal expense added to principal	1,057,226	1,245,698
Changes in operating assets and liabilities:
Accounts receivable, trade	(1,068,915)	(879,592)
Accounts receivable due from non-operator, net	1,754,020	(1,671,056)
Advance royalties and other assets	(250,971)	(14,718)
Prepaid expenses and other current assets	(441,851)	752,548
Accounts payable and accrued expenses	(12,679,959)	11,798,817
Accounts payable drilling operator	839,456
Accounts payable related party	(650)
Revenue payable	(226,151)	451,825
Income tax payable	(270,708)	(179,292)
Net cash (used) provided by operating activities	(14,707,856)	16,531,927
CASH FLOWS FROM INVESTING ACTIVITIES:
Collections on note receivable		27,295
Proceeds from sale of assets	328,466	13,785,812
Expenditures for oil and gas properties	(25,080,332)	(17,531,269)
Expenditures for property and equipment	(93,244)	(130,252)
Net cash used for investing activities	(24,845,110)	(3,848,414)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of common stock		69,000
Deferred financing cost		(850,000)
Financing costs paid	(1,491,976)
Proceeds from issuance of warrant derivative liability	2,000,000
Proceeds from notes payable	47,043,307
Payments on notes payable	(14,874,933)	(5,054,802)
Net cash provided (used) by financing activities	32,676,398	(5,835,802)
NET CHANGE IN CASH	(6,876,568)	6,847,711
CASH, BEGINNING OF YEAR	7,885,652	1,037,941
CASH, END OF YEAR	1,009,084	7,885,652
CASH PAID FOR:
Interest	4,044,987	434,056
Income Taxes	212,396	212,272
Non-cash investing and financing activities
Accrued expenditures for oil and gas properties	259,017	1,235,881
Increase in asset retirement obligation	112,667	16,229
Reclass from accrued expenses to notes payable		725,000
Accrued expenditures for debt refinancing		350,000
Interest added to loan		$ 1,245,696