Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 2,668,669	$ (1,528,234)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, depletion, and accretion	1,317,781	2,111,726
Amortization of financing costs and debt discount	485,049	1,305,651
Share-based compensation	555,778	198,541
Gain on sale of assets		(207,396)
Interest and legal expense added to principal		534,571
Unrealized (gain) loss on commodity derivative assets	(5,345,004)	305,650
Realized (gain) loss on commodity derivative assets	(2,030,176)	260,542
Changes in operating assets and liabilities:
Accounts receivable, trade	1,776,652	(3,203,280)
Accounts receivable due from operator, net		269,558
Prepaid expenses and other current assets	(48,071)	1,580
Other assets	(497)	(489)
Accounts payable and accrued expenses	(1,665,240)	747,804
Accounts payable due to operator, net	5,903,756
Revenue payable	(8,947)	37,464
Net cash provided by operating activities	3,609,750	833,688
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of assets		259,543
Expenditures for oil and gas properties	(7,108,042)	(1,986,807)
Expenditures for property and equipment	(2,239)
Net cash used by investing activities	(7,110,281)	(1,727,264)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable	3,050,000
Payments on notes payable	(279,359)	(211,099)
Issuance of common stock	0	0
Stock options exercised	327,016	223,746
Net cash provided by financing activities	3,097,657	12,647
NET CHANGE IN CASH	(402,874)	(880,929)
CASH, BEGINNING OF PERIOD	1,585,530	2,727,832
CASH, END OF PERIOD	1,182,656	1,846,903
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:
Interest	3,115,736	2,409,018
Income taxes	0	0
Non-cash investing and financing activities:
Accrued expenditures for oil and gas properties	7,254,606	3,509,412
Increase in asset retirement obligation	$ 12,372	$ 12,372