OIL AND GAS PROPERTIES

3 Months Ended

Mar. 31, 2014

Extractive Industries [Abstract]

OIL AND GAS PROPERTIES

NOTE 4 — OIL AND GAS PROPERTIES

Total additions for oil and gas properties for the three months ended March 31, 2014 and 2013 were $1,986,807 and $1,377,891, respectively. Depreciation, depletion, and amortization expenses on oil and gas properties were $2,089,607 and $616,314 for the three months ended March 31, 2014 and 2013, respectively.