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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss $ (7,977,752) $ (4,600,476) $ (35,554,455) $ (10,414,022)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation, depletion, amortization and accretion     12,288,835 5,371,023  
Amortization of financing costs and debt discount     4,269,825 2,080,632  
Share-based compensation     289,113 817,030  
Professional fees paid by common stock issuance     780,019 270,000  
Gain on sale of assets (3,083)   (133,083)    
Interest and legal expense added to principal     17,194,747 4,917,077  
Total gain on commodity derivatives     (703,371) (9,770,324)  
Cash settlement of commodity derivatives     2,992,891 14,238,371  
Changes in operating assets and liabilities:          
Changes in restricted cash     213,077 (786,581)  
Accounts receivable, trade     (665,409) 1,662,134  
Accounts receivable due from operator     (258,892)    
Accounts receivable, related party     18,500    
Prepaid expenses and other current assets     (138,524) (64,152)  
Other assets     (1,552) (1,528)  
Accounts payable and accrued expenses     (175,862) (2,873,250)  
Accounts payable due to operator     (548,086) (6,031,736)  
Environmental settlement and related costs     (250,000) (1,600,000)  
Deferred revenue     (62,510)    
Revenue payable     142 9,492  
Net cash used in operating activities     (444,595) (2,175,834)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Proceeds from sale of assets     150,000    
Expenditures for oil and gas properties     223,820 (114,515)  
Expenditures for property and equipment     (13,303) (5,168)  
Net cash provided by (used in) investing activities     360,517 (119,683)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Financing costs paid       (1,436,218)  
Payments on notes payable       (796,313)  
Proceeds from notes payable       3,050,000  
Stock options exercised       327,016  
Net cash provided by financing activities       1,144,485  
NET DECREASE IN CASH     (84,078) (1,151,032)  
CASH, BEGINNING OF PERIOD     473,081 1,585,530 $ 1,585,530
CASH, END OF PERIOD $ 389,003 $ 434,498 389,003 434,498 $ 473,081
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:          
Interest     2,091 6,282,782  
Income taxes     0 0  
NON-CASH INVESTING AND FINANCING ACTIVITIES:          
Accrued expenditures for oil and gas properties     548,086 5,777,983  
Increase in asset retirement obligation     $ 28,777 $ 34,116