OPERATIONS	9 Months Ended
Sep. 30, 2014
Text Block [Abstract]
OPERATIONS	NOTE 2 — OPERATIONS We have incurred net losses for the three months and nine months ended September 30, 2014, of $(7,305,954) and $(19,784,100), respectively. Although our current and prior year-to-date revenues were not sufficient to cover our operating costs and interest expense, we are focusing on drilling Marcellus Shale wells which, based upon projections, are expected to increase our cash flow. If our cash flows from operations are not sufficient to meet liquidity requirements, we may need to sell assets, obtain additional financing or issue equity. Our net losses and cash flows used in operating and investing activities during the nine months ended September 30, 2014 and 2013 were primarily funded using net proceeds from notes payable to Chambers and Morgan Stanley (see Note 6), in addition to proceeds from the sale of certain oil and gas properties (see Note 5).

NOTE 2 — OPERATIONS

We have incurred net losses for the three months and nine months ended September 30, 2014, of $(7,305,954) and $(19,784,100), respectively. Although our current and prior year-to-date revenues were not sufficient to cover our operating costs and interest expense, we are focusing on drilling Marcellus Shale wells which, based upon projections, are expected to increase our cash flow. If our cash flows from operations are not sufficient to meet liquidity requirements, we may need to sell assets, obtain additional financing or issue equity.

Our net losses and cash flows used in operating and investing activities during the nine months ended September 30, 2014 and 2013 were primarily funded using net proceeds from notes payable to Chambers and Morgan Stanley (see Note 6), in addition to proceeds from the sale of certain oil and gas properties (see Note 5).