Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
CURRENT ASSETS
Cash	$ 1,316,254	$ 2,727,832
Accounts receivable, trade	6,883,543	4,460,535
Accounts receivable from drilling operator	562,000
Accounts receivable, related parties	18,500	18,500
Derivative assets	780,148
Advance royalties		16,937
Prepaid expenses	1,090,689	1,065,061
Deferred financing costs, net of amortization of $337,054 and $1,308,817, respectively	1,028,142	817,938
Total current assets	11,679,276	9,106,803
OIL AND GAS PROPERTIES, USING SUCCESSFUL EFFORTS ACCOUNTING
Proved properties	99,952,561	77,961,183
Unproved properties	7,536,331	15,092,783
Pipelines	1,259,052	1,397,440
Accumulated depreciation, depletion and amortization	(21,036,700)	(14,473,069)
Oil and gas properties, net	87,711,244	79,978,337
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $344,518 and $317,704, respectively	524,718	587,218
OTHER ASSETS
Deferred financing costs	3,341,461	139,076
Other assets	355,381	303,887
Total other assets	3,696,842	442,963
TOTAL ASSETS	103,612,080	90,115,321
CURRENT LIABILITIES
Accounts payable, trade	359,836	632,795
Accounts payable due to drilling operator	6,382,401	2,698,302
Accounts payable, related party	1,500	1,500
Accrued expenses	4,418,063	5,302,816
Deferred gain on sale of assets	6,959,817
Environmental settlement and related costs	3,600,000
Revenue payable	45,284	127,106
Commodity derivative liability	217,451	58,176
Notes payable - current	104,325,704	14,897
Notes payable, related party		205,314
Total current liabilities	126,310,056	9,040,906
LONG-TERM LIABILITIES
Notes payable, net	0	89,204,102
Environmental settlement and related costs	3,000,000
Asset retirement obligations	78,556	41,440
Commodity derivative liability	831,106	67,597
Total long-term liabilities	108,227,177	89,313,139
Total liabilities	3,909,662	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; 14,406,260 and 13,457,978 shares issued, respectively, and 14,404,260 and 13,455,978 shares outstanding, respectively	14,406	13,458
Additional paid-in capital	43,970,530	42,556,292
Treasury stock, at cost, 2,000 shares	(1,950)	(1,950)
Accumulated deficit	(70,590,624)	(50,806,524)
Total stockholders' equity (deficit)	(26,607,638)	(8,238,724)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 103,612,080	$ 90,115,321