Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
OPERATING REVENUES
Oil and gas sales	$ 6,667,618	$ 4,343,739	$ 24,816,633	$ 12,559,344
Gas transportation, gathering, and processing	44,256	35,203	121,875	97,093
Other income	63,407	25,801	69,840	28,790
Total operating revenues	6,775,281	4,404,743	25,008,348	12,685,227
OPERATING COSTS AND EXPENSES
Production costs	3,258,132	2,795,073	10,003,364	7,363,564
Depreciation, depletion, amortization and accretion	3,088,104	986,670	7,448,799	2,365,280
Environmental settlement and related costs	6,600,000		6,600,000
Selling, general and administrative	1,176,853	1,633,112	4,159,149	4,733,539
Total operating costs and expenses	14,123,089	5,414,855	28,211,312	14,462,383
(Loss) Gain on sale of assets	(18,480)	6,887	188,616	(1,900)
LOSS FROM OPERATIONS	(7,366,288)	(1,003,225)	(3,014,348)	(1,779,056)
OTHER INCOME (EXPENSES)
Interest income	550	3,463	2,045	18,142
Interest expense	(2,903,312)	(5,200,628)	(16,709,264)	(11,002,002)
Gain on warrant derivatives		3,806		595,245
Gain (loss) on derivative assets	2,963,096	100,796	(62,533)	760,152
Total other income (expenses)	60,334	(5,092,563)	(16,769,752)	(9,628,463)
NET LOSS BEFORE INCOME TAXES	(7,305,954)	(6,095,788)	(19,784,100)	(11,407,519)
INCOME TAX	0	0	0	0
NET LOSS	$ (7,305,954)	$ (6,095,788)	$ (19,784,100)	$ (11,407,519)
NET LOSS PER SHARE - BASIC AND DILUTED	$ (0.52)	$ (0.46)	$ (1.44)	$ (0.86)
WEIGHTED AVERAGE SHARES - BASIC AND DILUTED	14,026,790	13,317,978	13,742,149	13,264,077