Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash	$ 1,013,109	$ 1,009,084
Accounts receivable, trade	3,597,011	3,143,766
Accounts receivable, related parties	18,500	18,500
Commodity derivative	464,874
Advance royalties	26,749	221,452
Prepaid expenses	812,677	407,596
Deferred financing costs, net of amortization of $1,104,332 and $402,525, respectively	817,938	603,788
Total current assets	6,750,858	5,404,186
OIL AND GAS PROPERTIES, USING SUCCESSFUL EFFORTS ACCOUNTING
Proved properties	67,651,275	47,716,195
Unproved properties	15,019,615	10,182,481
Pipelines	1,397,440	1,387,440
Accumulated depreciation, depletion and amortization	(11,105,069)	(8,809,022)
Oil and gas properties, net	72,963,261	50,477,094
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $295,863 and $239,277, respectively	609,059	665,874
OTHER ASSETS
Assets held for sale	2,038,432	4,853,722
Deferred financing costs	343,560	735,662
Other assets	303,394	301,923
Commodity derivative	57,859
Total other assets	2,743,245	5,891,307
TOTAL ASSETS	83,066,423	62,438,461
CURRENT LIABILITIES
Accounts payable, trade	542,611	187,089
Accounts payable due to drilling operator	111,788	839,456
Accounts payable, related party	1,500	1,500
Accrued expenses	3,076,129	1,642,718
Revenue payable	150,015	225,674
Notes payable - current	14,699	19,825
Total current liabilities	3,896,742	2,916,262
LONG-TERM LIABILITIES
Notes payable, net	79,327,147	48,225,848
Asset retirement obligations	31,766	28,317
Liabilities held for sale		388,005
Warrant derivative liability	2,213,033	2,808,278
Total long-term liabilities	81,571,946	51,450,448
Total liabilities	468,688	54,366,710
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Preferred stock; 10,000,000 shares authorized at $0.001 par value; -0- shares issued and outstanding
Common stock; 500,000,000 shares authorized at $0.001 par value; 13,319,978 and 13,238,228 shares issued, respectively, and 13,317,978 and 13,236,228 shares outstanding, respectively	13,320	13,238
Additional paid-in capital	42,065,059	41,131,636
Treasury stock, at cost, 2,000 shares	(1,950)	(1,950)
Accumulated deficit	(44,478,694)	(33,071,173)
Total stockholders' equity (deficit)	(2,402,265)	8,071,751
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 83,066,423	$ 62,438,461