Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,528,234)	$ (2,693,136)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation, depletion, amortization and accretion	2,111,726	639,449
Amortization of financing costs and debt discount	1,305,651	427,604
Share-based compensation	198,541	310,062
(Gain) loss on sale of assets	(207,396)	8,787
Interest and legal expense added to principal	534,571
Unrealized gain on warrant derivative		(124,316)
Unrealized loss on commodity derivative assets	305,650
Realized loss on commodity derivative assets	260,542	639
Changes in operating assets and liabilities:
Accounts receivable, trade	(3,203,280)	851,418
Accounts receivable due from operator, net	269,558
Prepaid expenses and other current assets	1,580	(420,182)
Other assets	(489)	(481)
Accounts payable and accrued expenses	747,804	(183,663)
Revenue payable	37,464	59,943
Net cash provided (used) by operating activities	833,688	(1,123,876)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of assets	259,543	2,618,025
Expenditures for oil and gas properties	(1,986,807)	(1,377,891)
Expenditures for property and equipment		(5,251)
Net cash (used) provided by investing activities	(1,727,264)	1,234,883
CASH FLOWS FROM FINANCING ACTIVITIES:
Financing costs paid		(110,365)
Payments on notes payable	(211,099)	(5,571)
Proceeds from notes payable		25,000,000
Stock options exercised	223,746
Net cash provided by financing activities	12,647	24,884,064
NET CHANGE IN CASH	(880,929)	24,995,071
CASH, BEGINNING OF PERIOD	2,727,832	1,009,084
CASH, END OF PERIOD	1,846,903	26,004,155
Income taxes
Non-cash investing and financing activities:
Accrued expenditures for oil and gas properties	3,509,412	1,211,010
Increase in asset retirement obligation	$ 12,372	$ 27,000