Oil and Gas Properties

3 Months Ended

Mar. 31, 2015

Extractive Industries [Abstract]

Oil and Gas Properties

NOTE 4 — OIL AND GAS PROPERTIES

Total additions for oil and gas properties for the three months ended March 31, 2015 and 2014 were $7,108,042 and $1,986,807, respectively. Depreciation, depletion, and amortization expenses on oil and gas properties were $1,297,264 and $2,089,607 for the three months ended March 31, 2015 and 2014, respectively.