Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
OPERATING REVENUES
Oil and gas sales	$ 3,620,627	$ 8,432,592	$ 8,005,664	$ 18,149,015
Gas transportation, gathering, and processing	41,173	22,830	83,889	77,619
Other income	4,137	1,303	5,914	6,433
Total operating revenues	3,665,937	8,456,725	8,095,467	18,233,067
OPERATING COSTS AND EXPENSES
Production costs	4,140,778	3,489,282	7,177,964	6,745,232
Depreciation, depletion, amortization and accretion	2,588,627	2,248,970	4,391,457	4,360,695
Selling, general and administrative	1,844,624	1,534,477	3,025,454	2,982,296
Total operating costs and expenses	8,574,029	7,272,729	14,594,875	14,088,223
(Loss) gain on sale of assets		(298)		207,097
(LOSS) INCOME FROM OPERATIONS	(4,908,092)	1,183,698	(6,499,408)	4,351,941
OTHER INCOME (EXPENSES)
Interest income	540	585	1,081	1,494
Interest expense	(3,047,743)	(9,674,758)	(6,163,480)	(13,805,951)
(Loss) gain on derivative assets	(526,920)	(2,459,436)	6,848,261	(3,025,628)
Total other income (expenses)	(3,574,123)	(12,133,609)	685,862	(16,830,085)
NET LOSS BEFORE INCOME TAXES	(8,482,215)	(10,949,911)	(5,813,546)	(12,478,144)
INCOME TAX	0	0	0	0
NET LOSS	$ (8,482,215)	$ (10,949,911)	$ (5,813,546)	$ (12,478,144)
NET LOSS PER SHARE - BASIC AND DILUTED	$ (0.56)	$ (0.81)	$ (0.39)	$ (0.92)
WEIGHTED AVERAGE SHARES - BASIC AND DILUTED	15,118,455	13,590,048	15,004,377	13,553,423