Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (5,813,546)	$ (12,478,144)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation, depletion, amortization and accretion	3,421,359	4,360,695
Amortization of financing costs and debt discount	970,098	8,426,119
Share-based compensation	692,003	483,216
Professional fees paid by common stock issuance	270,000
(Gain) loss on sale of assets		(207,097)
Interest and legal expense added to principal		1,818,240
Unrealized loss on commodity derivative assets	5,281,176	2,575,581
Realized (gain) loss on commodity derivative assets	(12,129,437)	450,047
Changes in operating assets and liabilities:
Accounts receivable, trade	4,569,227	(2,962,965)
Accounts receivable due from operator, net		(704,677)
Prepaid expenses and other current assets	(24,667)	(3,239,585)
Other assets	(1,006)	(990)
Accounts payable and accrued expenses	(2,249,624)	230,583
Accounts payable due to operator	2,426,003
Environmental settlement and related costs	(600,000)
Revenue payable	(7,040)	(60,248)
Net cash used by operating activities	(3,195,454)	(1,309,225)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of assets		15,259,543
Expenditures for oil and gas properties	(193,597)	(16,008,089)
Expenditures for property and equipment	(5,168)	(2,087)
Net cash used by investing activities	(198,765)	(750,633)
CASH FLOWS FROM FINANCING ACTIVITIES:
Financing costs paid		(4,298,647)
Payments on notes payable	(569,497)	(98,699,723)
Proceeds from notes payable	3,050,000	103,093,750
Stock options exercised	327,016	223,746
Net cash provided by financing activities	2,807,519	319,126
NET CHANGE IN CASH	(586,700)	(1,740,732)
CASH, BEGINNING OF PERIOD	1,585,530	2,727,832
CASH, END OF PERIOD	998,830	987,100
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:
Interest	6,163,479	5,648,315
Income taxes	0	0
Non-cash investing and financing activities:
Accrued expenditures for oil and gas properties	(4,573,997)	(3,443,366)
Increase in asset retirement obligation	$ 24,744	$ 24,744