Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (12,478,144)	$ (5,311,733)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation, depletion, amortization and accretion	4,360,695	1,378,610
Amortization of financing costs and debt discount	8,426,119	855,684
Share-based compensation	483,216	635,863
(Gain) loss on sale of assets	(207,097)	8,787
Interest and legal expense added to principal	1,818,240	1,005,000
Unrealized gain on warrant derivative		(591,439)
Unrealized loss (gain) on commodity derivative assets	2,575,581	(659,995)
Realized loss on commodity derivative assets	450,047	639
Changes in operating assets and liabilities:
Accounts receivable, trade	(2,962,965)	(757,792)
Accounts receivable due from operator, net	(704,677)
Prepaid expenses and other current assets	(3,239,585)	46,780
Other assets	(990)	(975)
Accounts payable and accrued expenses	230,583	600,710
Revenue payable	(60,248)	(64,558)
Net cash used by operating activities	(1,309,225)	(2,854,419)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of assets	15,259,543	2,618,025
Expenditures for oil and gas properties	(16,008,089)	(7,654,169)
Expenditures for property and equipment	(2,087)	(5,961)
Net cash used by investing activities	(750,633)	(5,042,105)
CASH FLOWS FROM FINANCING ACTIVITIES:
Financing costs paid	(4,298,647)	(116,555)
Payments on notes payable	(98,699,723)	(11,216)
Proceeds from notes payable	103,093,750	25,000,000
Stock options exercised	223,746	13,750
Net cash provided by financing activities	319,126	24,885,979
NET CHANGE IN CASH	(1,740,732)	16,989,455
CASH, BEGINNING OF PERIOD	2,727,832	1,009,084
CASH, END OF PERIOD	987,100	17,998,539
Income taxes
Non-cash investing and financing activities:
Accrued expenditures for oil and gas properties	(3,443,366)	4,779,315
Increase in asset retirement obligation	$ 24,744	$ 1,840