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FAIR VALUE OF FINANCIAL INSTRUMENTS (Effect of Derivative Instruments on Statements of Operations) (Detail) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]      
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income $ 6,489,790 $ 249,798,620 $ 29,109,870
Commodity Contracts [Member] | Realized gain (loss) on closed positions [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Realized Gain (Loss) on Derivatives Recognized in Income 70,673,279 431,308,189 (1,300,519,431)
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 $ 6,489,790 $ 249,798,620 $ 29,109,870