Oil and Gas Properties

12 Months Ended

Dec. 31, 2014

Extractive Industries [Abstract]

Oil and Gas Properties

NOTE 4—OIL AND GAS PROPERTIES

Total additions for oil and gas properties for the year ended December 31, 2014 and 2013 were $32,709,147 and $29,708,602, respectively. Depreciation, depletion, and amortization expenses on oil and gas properties were $8,499,325 and $5,664,047 for the years ended December 31, 2014 and 2013, respectively.