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Condensed Consolidated Statements of Cash Flows (USD $)
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net income (loss) $ 116,719 $ 683,995
Depreciation and depletion 1,347,576 1,290,334
Stock, options and warrants issued for services 162,021 154,074
Accretion of asset retirement obligation 84,578 75,551
Settlements of asset retirement obligations (36,758) 0
(Gain) loss on derivatives 67,748 (903,178)
Loss on sale of fixed assets 7,785 308
Changes in assets and liabilities:    
Accounts receivable (137,386) 164,170
Inventory (169,940) 0
Deposits and prepaid expenses (187,477) (111,797)
Accounts payable (101,643) (792,513)
Accrued liabilities 650,172 275,993
Cash flows (used in) from operating activities 1,803,395 836,937
Cash flows from investing activities    
Settlements of asset retirement obligations (18,910) 0
Purchase of fixed assets (103,874) (58,818)
Additions to oil and gas properties (4,962,813) (6,414,494)
Proceeds from sale of oil and gas properties 454,973 0
Proceeds from sale of fixed assets 1,600 8,562
Net cash acquired from Black Raven 656,693 0
Cash flows used in investing activities (3,972,331) (6,464,750)
Cash flows from financing activities    
Payments on long-term debt 0 (17,484)
Payments on note payable (600,000) 0
Deferred financing costs (211,584) 0
Proceeds from borrowings 4,000,000 1,850,000
Distribution to non controlling interest in subsidiary 0 (353,162)
Sale of non controlling interest in subsidiary 0 2,000,000
Dividends paid on preferred stock (567,143) (215,694)
Cash flows from financing activities 2,621,273 3,263,660
Net increase (decrease) in cash 452,337 (2,364,153)
Cash - beginning 767,494 2,770,440
Cash - ending 1,219,831 406,287
Supplemental disclosures:    
Interest paid 212,751 182,978
Non-cash transactions:    
Share based payments issued for services $ 162,021 $ 154,074