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FAIR VALUE OF FINANCIAL INSTRUMENTS (Effect of Derivative Instruments on Statements of Operations) (Detail) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]    
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income $ (33,328,530) $ 120,444,675
Commodity Contracts [Member] | Realized gain (loss) on closed positions [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Realized Gain (Loss) on Derivatives Recognized in Income 504,268,950 116,003,534
Commodity Contracts [Member] | Change in unrealized gain (loss) on open positions [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income $ (33,328,530) $ 120,444,675