Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
OPERATING REVENUES
Oil and gas sales	$ 2,662,511	$ 6,667,618	$ 10,668,175	$ 24,816,633
Gas transportation, gathering, and processing	45,844	44,256	129,733	121,875
Other income	2,766	63,407	8,680	69,840
Total operating revenues	2,711,121	6,775,281	10,806,588	25,008,348
OPERATING COSTS AND EXPENSES
Production costs	2,381,999	3,258,132	9,559,963	10,003,364
Depreciation, depletion, amortization and accretion	979,566	2,533,032	5,371,023	6,815,570
Environmental settlement and related costs		6,600,000		6,600,000
Selling, general and administrative	755,637	1,176,853	3,781,091	4,159,149
Total operating costs and expenses	4,117,202	13,568,017	18,712,077	27,578,083
(Loss) Gain on sale of assets		(18,480)		188,616
LOSS FROM OPERATIONS	(1,406,081)	(6,811,216)	(7,905,489)	(2,381,119)
OTHER INCOME (EXPENSES)
Interest income	556	550	1,637	2,045
Interest expense	(6,117,014)	(3,458,384)	(12,280,494)	(17,342,493)
Gain (loss) on derivative assets	2,922,063	2,963,096	9,770,324	(62,533)
Total other income (expenses)	(3,194,395)	(494,738)	(2,508,533)	(17,402,981)
NET LOSS BEFORE INCOME TAXES	(4,600,476)	(7,305,954)	(10,414,022)	(19,784,100)
INCOME TAX	0	0	0	0
NET LOSS	$ (4,600,476)	$ (7,305,954)	$ (10,414,022)	$ (19,784,100)
NET LOSS PER SHARE - BASIC AND DILUTED	$ (0.30)	$ (0.52)	$ (0.69)	$ (1.44)
WEIGHTED AVERAGE SHARES - BASIC AND DILUTED	15,161,727	14,026,790	15,057,403	13,742,149