Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash	$ 2,727,832	$ 1,009,084
Accounts receivable, trade	4,460,535	3,143,766
Accounts receivable, related parties	18,500	18,500
Advance royalties	16,937	221,452
Prepaid expenses	1,065,061	407,596
Deferred financing costs, net of amortization of $1,308,817 and $402,525	817,938	603,788
Total current assets	9,106,803	5,404,186
OIL AND GAS PROPERTIES, USING SUCCESSFUL EFFORTS ACCOUNTING
Proved properties	77,961,183	47,730,848
Unproved properties	15,092,783	12,008,550
Pipelines	1,397,440	1,387,440
Accumulated depreciation, depletion and amortization	(14,473,069)	(8,809,022)
Oil and gas properties, net	79,978,337	52,317,816
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $317,704 and $239,277, respectively	587,218	665,874
OTHER ASSETS
Assets held for sale		3,013,000
Deferred financing costs	139,076	735,662
Other assets	303,887	301,923
Total other assets	442,963	4,050,585
TOTAL ASSETS	90,115,321	62,438,461
CURRENT LIABILITIES
Accounts payable, trade	632,795	187,089
Accounts payable due to drilling operator	2,698,302	839,456
Accounts payable, related party	1,500	1,500
Accrued expenses	5,302,816	1,642,718
Revenue payable	127,106	225,674
Commodity derivative liability	58,176
Notes payable - current	14,897	19,825
Notes payable, related party	205,314
Total current liabilities	9,040,906	2,916,262
LONG-TERM LIABILITIES
Notes payable, net	89,204,102	48,225,848
Asset retirement obligations	41,440	28,317
Liabilities held for sale		388,005
Warrant derivative liability		2,808,278
Commodity derivative liability	67,597
Total long-term liabilities	89,313,139	51,450,448
Total liabilities	98,354,045	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; 13,457,978 and 13,238,228 shares issued, and 13,455,978 and 13,236,228 shares outstanding, respectively stock	13,458	13,238
Additional paid-in capital	42,556,292	41,131,636
Treasury stock, at cost, 2,000 shares	(1,950)	(1,950)
Accumulated deficit	(50,806,524)	(33,071,173)
Total stockholders' equity (deficit)	(8,238,724)	8,071,751
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 90,115,321	$ 62,438,461