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BASIS OF FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]  
Changes to Asset Retirement Obligations

The following is a description of the changes to our asset retirement obligations for the six months ended June 30:

 

     2014      2013  

Asset retirement obligations at beginning of period

    $ 41,440      $ 416,322  

Liabilities incurred during the period

      22,744        —     

Accretion expense

      2,000        1,840  

Liabilities held for sale

         (388,005 ) 
  

 

 

     

 

 

  

Asset retirement obligations at end of period

    $ 66,184      $ 30,157