Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
OPERATING REVENUES
Oil and gas sales	$ 8,432,592	$ 4,641,723	$ 18,149,015	$ 8,215,606
Gas transportation, gathering, and processing	22,830	26,447	77,619	61,890
Other income	1,303	2,988	6,433	2,988
Total operating revenues	8,456,725	4,671,158	18,233,067	8,280,484
OPERATING COSTS AND EXPENSES
Production costs	3,489,282	2,248,851	6,745,232	4,568,491
Depreciation, depletion, amortization and accretion	2,248,970	739,161	4,360,695	1,378,610
Selling, general and administrative	1,534,477	1,540,089	2,982,296	3,100,428
Total operating costs and expenses	7,272,729	4,528,101	14,088,223	9,047,529
Gain (loss) on sale of assets	(298)		207,097	(8,787)
INCOME (LOSS) FROM OPERATIONS	1,183,698	143,057	4,351,941	(775,832)
OTHER INCOME (EXPENSES)
Interest income	585	9,858	1,494	14,679
Interest expense	(9,674,758)	(3,898,628)	(13,805,951)	(5,801,375)
Gain on warrant derivatives		467,762		591,439
Gain (loss) on derivative assets	(2,459,436)	659,356	(3,025,628)	659,356
Total other income (expenses)	(12,133,609)	(2,761,652)	(16,830,085)	(4,535,901)
NET LOSS BEFORE INCOME TAXES	(10,949,911)	(2,618,595)	(12,478,144)	(5,311,733)
INCOME TAX
NET LOSS	$ (10,949,911)	$ (2,618,595)	$ (12,478,144)	$ (5,311,733)
NET LOSS PER SHARE - BASIC AND DILUTED	$ (0.81)	$ (0.20)	$ (0.92)	$ (0.40)
WEIGHTED AVERAGE SHARES - BASIC AND DILUTED	13,590,048	13,237,126	13,553,423	13,236,680