Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
OPERATING REVENUES
Oil and gas sales	$ 4,385,037	$ 9,716,422
Gas transportation, gathering, and processing	42,716	54,789
Other income	1,777	5,131
Total operating revenues	4,429,530	9,776,342
OPERATING COSTS AND EXPENSES
Production costs	3,037,186	3,255,950
Depreciation, depletion, amortization and accretion	1,802,830	2,111,726
Selling, general and administrative	1,180,830	1,447,819
Total operating costs and expenses	6,020,846	6,815,495
Gain on sale of assets		207,396
(LOSS) INCOME FROM OPERATIONS	(1,591,316)	3,168,243
OTHER INCOME (EXPENSES)
Interest income	542	908
Interest expense	(3,115,737)	(4,131,193)
Gain (loss) on commodity derivative	7,375,180	(566,192)
Total other income (expenses)	4,259,985	(4,696,477)
NET INCOME (LOSS) BEFORE INCOME TAXES	2,668,669	(1,528,234)
INCOME TAX	0	0
NET INCOME (LOSS)	$ 2,668,669	$ (1,528,234)
NET INCOME (LOSS) PER SHARE - BASIC	$ 0.18	$ (0.11)
NET INCOME (LOSS) PER SHARE - DILUTED	$ 0.18	$ (0.11)
WEIGHTED AVERAGE SHARES - BASIC	14,889,031	13,516,199
WEIGHTED AVERAGE SHARES - DILUTED	15,079,726	13,516,199