Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
CURRENT ASSETS
Cash	$ 1,846,903	$ 2,727,832
Accounts receivable, trade	7,663,815	4,460,535
Accounts receivable, related parties	18,500	18,500
Advance royalties	12,032	16,937
Prepaid expenses	1,068,386	1,065,061
Deferred financing costs, net of amortization of $1,513,302 and $1,308,817, respectively	752,529	817,938
Total current assets	11,362,165	9,106,803
OIL AND GAS PROPERTIES, USING SUCCESSFUL EFFORTS ACCOUNTING
Proved properties	81,059,386	77,961,183
Unproved properties	16,092,722	15,092,783
Pipelines	1,397,440	1,397,440
Accumulated depreciation, depletion and amortization	(16,563,032)	(14,473,069)
Oil and gas properties, net	81,986,516	79,978,337
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $339,466 and $317,704, respectively	565,455	587,218
OTHER ASSETS
Deferred financing costs		139,076
Other assets	304,376	303,887
Total other assets	304,376	442,963
TOTAL ASSETS	94,218,512	90,115,321
CURRENT LIABILITIES
Accounts payable, trade	379,074	632,795
Accounts payable due to drilling operator	6,584,668	2,698,302
Accounts payable, related party	1,500	1,500
Accrued expenses	5,099,185	5,302,816
Revenue payable	164,570	127,106
Commodity derivative liability	431,423	58,176
Notes payable - current	15,063	14,897
Notes payable, related party		205,314
Total current liabilities	12,675,483	9,040,906
LONG-TERM LIABILITIES
Notes payable, net	90,833,888	89,204,102
Asset retirement obligations	53,812	41,440
Commodity derivative liability		67,597
Total long-term liabilities	90,887,700	89,313,139
Total liabilities	103,563,183	98,354,045
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; 13,621,309 and 13,457,978 shares issued, respectively, and 13,619,309 and 13,455,978 shares outstanding, respectively	13,621	13,458
Additional paid-in capital	42,978,416	42,556,292
Treasury stock, at cost, 2,000 shares	(1,950)	(1,950)
Accumulated deficit	(52,334,758)	(50,806,524)
Total stockholders' equity (deficit)	(9,344,671)	(8,238,724)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 94,218,512	$ 90,115,321