Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (13,856,011)	$ 2,668,669
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation, depletion, and accretion	7,262,821	1,317,781
Amortization of financing costs and debt discount	1,423,275	485,049
Share-based compensation	68,483	555,778
Professional fees paid by common stock issuance	81,750
Interest and legal expense added to principal	5,467,518
Total gain on commodity derivatives	(1,183,626)	(7,375,180)
Cash settlement of commodity derivatives	928,834	2,030,176
Changes in operating assets and liabilities:
Changes in restricted cash	(496)
Accounts receivable, trade	(454,598)	(253,524)
Accounts receivable due from operator	(334,414)
Prepaid expenses and other current assets	(65,382)	(48,071)
Other assets	(513)	(497)
Accounts payable and accrued expenses	96,586	(1,665,240)
Accounts payable due to operator	(548,086)	5,903,756
Revenue payable	6,156	(8,947)
Net cash (used in) provided by operating activities	(1,107,703)	3,609,750
CASH FLOWS FROM INVESTING ACTIVITIES:
Expenditures for oil and gas properties	972,293	(7,108,042)
Expenditures for property and equipment		(2,239)
Net cash provided by (used in) investing activities	972,293	(7,110,281)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable		3,050,000
Payments on notes payable		(279,359)
Stock options exercised		327,016
Net cash provided by financing activities		3,097,657
NET DECREASE IN CASH	(135,410)	(402,874)
CASH, BEGINNING OF PERIOD	473,081	1,585,530
CASH, END OF PERIOD	337,671	1,182,656
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:
Interest	1,816	3,115,736
Income taxes	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued expenditures for oil and gas properties	548,086	7,254,606
Increase in asset retirement obligation	$ 6,235	$ 11,372