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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (17,735,351) $ (21,203,604)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation, depletion, amortization, and accretion 5,752,361 3,778,563
Impairment of fixed assets   10,132,702
Amortization of deferred financing cost and debt discount 4,809,081 1,345,908
Share-based compensation 1,241,701 1,831,698
Gain on sale of assets (7,015,950) (112,898)
Unrealized (gain) loss on derivatives (682,505) 808,278
Interest and legal expense added to principal 4,591,088 1,057,226
Realized loss on warrant derivatives 7,000,000  
Changes in operating assets and liabilities:    
Accounts receivable, trade (1,086,705) (1,068,915)
Accounts receivable, operator   1,754,020
Noncurrent other assets (1,964) (250,971)
Prepaid expenses and other current assets (452,950) (441,851)
Accounts payable and accrued expenses 73,206 (12,679,959)
Accounts payable drilling operator (153,904) 839,456
Accounts payable related party   (650)
Revenue payable (98,568) (226,151)
Income tax payable   (270,708)
Net cash used by operating activities (3,760,460) (14,707,856)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of assets 11,451,244 328,466
Expenditures for oil and gas properties (29,708,602) (25,080,332)
Expenditures for property and equipment (9,141) (93,244)
Net cash used for investing activities (18,266,499) (24,845,110)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock 101,625   
Stock options exercised 81,550  
Financing costs paid (122,230) (1,491,976)
Proceeds from issuance of warrant   2,000,000
Payment on warrant derivative liability (1,500,000)  
Proceeds from notes payable 25,000,000 47,043,307
Proceeds from notes payable - related party 205,314  
Payments on notes payable (20,552) (14,874,933)
Net cash provided by financing activities 23,745,707 32,676,398
NET CHANGE IN CASH 1,718,748 (6,876,568)
CASH, BEGINNING OF YEAR 1,009,084 7,885,652
CASH, END OF YEAR 2,727,832 1,009,084
CASH PAID FOR:    
Interest 6,016,039 4,044,987
Income Taxes   212,396
Non-cash investing and financing activities    
Accrued expenditures for oil and gas properties 2,344,893 259,017
Increase in asset retirement obligation 13,123 112,667
Warrant extinguishment added to loan $ 7,500,000