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Subsequent Events
3 Months Ended
Mar. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events
13)      Subsequent Events

Montana Acreage Sale.  On May 9, 2012, the Company signed a Letter Agreement to sell an undivided 87.5% of its acreage in Daniels County, Montana to a third party for $3.68 million.  The agreement is conditioned upon execution of a mutually acceptable Purchase and Sale Agreement and will be effective on June 1, 2012.  Under the terms of the agreement, the Company will retain a 12.5% working interest in the acreage and reserved overriding royalty interests ("ORRI") in excess of 81%.  The purchaser will also commit to drill a vertical test well to depths sufficient to core the Bakken and Three Forks formations on or before December 31, 2015.  The Company will deliver an 80% NRI to the purchaser and 1% ORRI to a land broker.  The Company will also pay the land broker a 10% commission for the cash consideration paid by the purchaser.