Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
OPERATING REVENUES
Oil and gas sales	$ 12,261,539	$ 26,969,359
Gas transportation, gathering, and processing	151,080	161,975
Other income	29,409	89,484
Total operating revenues	12,442,028	27,220,818
OPERATING COSTS AND EXPENSES
Production costs	11,608,579	13,143,673
Depreciation, depletion, amortization, and accretion	8,781,939	9,702,192
Environmental settlement and related costs		6,600,000
Selling, general, and administrative	5,067,404	6,026,558
Total operating costs and expenses	25,457,922	35,472,423
(Loss) Gain on sale of assets	(12,221)	6,902,322
LOSS FROM OPERATIONS	(13,028,115)	(1,349,283)
OTHER INCOME (EXPENSES)
Interest income	2,197	3,090
Interest expense	(18,959,717)	(19,782,603)
Gain on commodity derivative	12,356,168	8,588,535
Total other income (expenses)	(6,601,352)	(11,190,978)
NET LOSS BEFORE INCOME TAXES	(19,629,467)	(12,540,261)
INCOME TAX	0	0
NET LOSS	$ (19,629,467)	$ (12,540,261)
NET LOSS PER SHARE - BASIC AND DILUTED	$ (1.30)	$ (0.83)
WEIGHTED AVERAGE SHARES - BASIC AND DILUTED	15,167,549	15,086,960