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Property and Equipment - Summary of Property and Equipment (Details) - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Oil and natural gas properties:    
Property costs subject to amortization $ 77,408,353 $ 57,718,653
Less: Accumulated depreciation, depletion, and amortization (17,437,890) (12,531,767)
Unproved properties not subject to amortization 0 0
Oil and natural gas properties, net 59,970,463 45,186,886
Other property and equipment:    
Furniture, fixtures and office equipment, at cost 228,752 287,680
Artificial lift technology equipment, at cost 7,000 319,994
Less: Accumulated depreciation (207,103) (330,918)
Other property and equipment, net $ 28,649 $ 276,756