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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
 3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 104,385 $ 5,776
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax benefit (29,919) (49,009)
Excess tax benefit from share based payment arrangement (71,296)  
Stock-based compensation 27,237 3,668
Depreciation, depletion and amortization 245,174 251,495
Accretion of asset retirement obligations 9,038 8,430
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (32,484) 149,086
Increase in prepaid expenses (25,603) (39,238)
Increase in income tax payable 71,296  
Increase in accounts payable and accrued expenses 85,324 114,734
Net cash provided by operating activities 383,152 444,942
Cash flows from investing activities:    
Additions to oil and gas properties (122,614) (97,440)
Additions to other property and equipment   (2,359)
Proceeds from sale of oil and gas properties and equipment 462,608  
Net cash provided by (used in) investing activities 339,994 (99,799)
Cash flows from financing activities:    
Proceeds from exercise of stock options   10,875
Excess tax benefit from share based payment arrangement (850,000) (375,000)
Reduction of long-term debt 71,296  
Net cash used in financing activities (778,704) (364,125)
Net decrease in cash and cash equivalents (55,558) (18,982)
Cash and cash equivalents at beginning of period 179,071 160,439
Cash and cash equivalents at end of period 123,513 141,457
Supplemental disclosure of cash flow information:    
Cash paid for interest 10,539 4,214
Income taxes paid    
Non-cash investing and financing activities:    
Asset retirement obligations $ 3,718 $ 3,445