Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (19,784,100)	$ (11,407,519)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Depreciation, depletion, amortization and accretion	7,448,799	2,365,280
Amortization of financing costs and debt discount	8,426,119	3,484,843
Share-based compensation	698,122	919,755
(Gain) loss on sale of assets	(188,616)	1,900
Interest and legal expense added to principal	1,818,240	3,329,349
Unrealized gain on warrant derivative		(595,245)
Unrealized loss (gain) on commodity derivative assets	142,636	(522,733)
Realized gain on commodity derivative assets	(80,103)	(237,419)
Changes in operating assets and liabilities:
Accounts receivable, trade	(2,423,008)	(453,245)
Accounts receivable due from operator, net	(562,000)	(2,098,899)
Prepaid expenses and other current assets	(8,691)	(250,662)
Other assets	(51,494)	(1,471)
Accounts payable and accrued expenses	47,444	1,646,322
Environmental settlement and related costs	6,600,000
Revenue payable	(81,822)	(75,659)
Net cash provided (used) by operating activities	2,001,526	(3,657,984)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of assets	15,259,668	2,625,025
Expenditures for oil and gas properties	(24,064,991)	(23,829,183)
Expenditures for property and equipment	(8,470)	(9,141)
Net cash used by investing activities	(8,813,793)	(21,213,299)
CASH FLOWS FROM FINANCING ACTIVITIES:
Financing costs paid	(4,706,656)	(122,230)
Payments on notes payable	(98,703,469)	(16,212)
Proceeds from notes payable	108,093,750	25,000,000
Stock options exercised	717,064	13,750
Net cash provided by financing activities	5,400,689	24,875,308
NET CHANGE IN CASH	(1,411,578)	4,025
CASH, BEGINNING OF PERIOD	2,727,832	1,009,084
CASH, END OF PERIOD	1,316,254	1,013,109
Income taxes
Non-cash investing and financing activities:
Accrued expenditures for oil and gas properties	3,684,099	1,112,214
Increase in asset retirement obligation	37,116	689
Accrued expenditures for debt financing		$ 401,625