Condensed Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
CURRENT ASSETS
Cash	$ 987,100	$ 2,727,832
Accounts receivable, trade	7,423,500	4,460,535
Accounts receivable from drilling operator	704,677
Accounts receivable, related parties	18,500	18,500
Advance royalties	12,032	16,937
Prepaid expenses	4,309,551	1,065,061
Deferred financing costs, net of amortization of $78,157 and $1,308,817, respectively	937,887	817,938
Total current assets	14,393,247	9,106,803
OIL AND GAS PROPERTIES, USING SUCCESSFUL EFFORTS ACCOUNTING
Proved properties	85,096,460	77,961,183
Unproved properties	7,471,793	15,092,783
Pipelines	1,397,440	1,397,440
Accumulated depreciation, depletion and amortization	(18,712,023)	(14,473,069)
Oil and gas properties, net	75,253,670	79,978,337
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $361,288 and $317,704, respectively	545,721	587,218
OTHER ASSETS
Deferred financing costs	3,282,603	139,076
Other assets	304,877	303,887
Total other assets	3,587,480	442,963
TOTAL ASSETS	93,780,118	90,115,321
CURRENT LIABILITIES
Accounts payable, trade	722,167	632,795
Accounts payable due to drilling operator	0	2,698,302
Accounts payable, related party	1,500	1,500
Accrued expenses	4,238,871	5,302,816
Deferred gain on sale of assets	6,959,816
Revenue payable	66,858	127,106
Commodity derivative liability	883,426	58,176
Notes payable - current	11,934	14,897
Notes payable, related party		205,314
Total current liabilities	12,884,572	9,040,906
LONG-TERM LIABILITIES
Notes payable, net	99,021,340	89,204,102
Asset retirement obligations	66,184	41,440
Commodity derivative liability	1,817,928	67,597
Total long-term liabilities	100,905,452	89,313,139
Total liabilities	113,790,024	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; 13,647,309 and 13,457,978 shares issued, respectively, and 13,645,309 and 13,455,978 shares outstanding, respectively	13,647	13,458
Additional paid-in capital	43,263,065	42,556,292
Treasury stock, at cost, 2,000 shares	(1,950)	(1,950)
Accumulated deficit	(63,284,668)	(50,806,524)
Total stockholders' equity (deficit)	(20,009,906)	(8,238,724)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 93,780,118	$ 90,115,321