Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
OPERATING REVENUES
Oil and gas sales	$ 1,711,185	$ 2,228,503	$ 6,069,756	$ 9,104,392
Natural gas liquid sales	503,720	434,008	1,493,368	1,563,783
Gas transportation, gathering, and processing	23,166	45,844	66,331	129,733
Other income	13,033	2,766	14,028	8,680
Total operating revenues	2,251,104	2,711,121	7,643,483	10,806,588
OPERATING COSTS AND EXPENSES
Production costs	1,441,826	2,381,999	6,756,404	9,559,963
Depreciation, depletion, amortization and accretion	1,762,731	979,566	12,288,835	5,371,023
General and administrative	1,678,878	755,637	3,519,141	3,781,091
Gain on sale of assets	(3,083)		(133,083)
Total operating costs and expenses	4,880,352	4,117,202	22,431,297	18,712,077
LOSS FROM OPERATIONS	(2,629,248)	(1,406,081)	(14,787,814)	(7,905,489)
OTHER INCOME (EXPENSES)
Interest income	543	556	1,650	1,637
Interest expense	(7,449,490)	(6,117,014)	(21,471,662)	(12,280,494)
Gain on derivative assets	2,100,443	2,922,063	703,371	9,770,324
Total other expenses	(5,348,504)	(3,194,395)	(20,766,641)	(2,508,533)
NET LOSS BEFORE INCOME TAXES	(7,977,752)	(4,600,476)	(35,554,455)	(10,414,022)
INCOME TAX	0	0	0	0
NET LOSS	$ (7,977,752)	$ (4,600,476)	$ (35,554,455)	$ (10,414,022)
NET LOSS PER SHARE - BASIC AND DILUTED	$ (0.50)	$ (0.30)	$ (2.27)	$ (0.69)
WEIGHTED AVERAGE SHARES - BASIC AND DILUTED	16,109,380	15,161,727	15,634,107	15,057,403