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 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	843,340	12,654	843,979	10,019
Total other income (expenses)	(582,814)	(430,048)	(1,013,726)	(839,630)
NET (LOSS) INCOME BEFORE INCOME TAXES	(1,870,421)	(807,343)	(3,366,889)	10,995,932
INCOME TAX BENEFIT (EXPENSE)		20,000		(250,000)
NET (LOSS) INCOME	$ (1,870,421)	$ (787,343)	$ (3,366,889)	$ 10,745,932
NET (LOSS) INCOME PER SHARE - BASIC	$ (0.14)	$ (0.06)	$ (0.26)	$ 0.84
NET (LOSS) INCOME PER SHARE - DILUTED	$ (0.14)	$ (0.06)	$ (0.26)	$ 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