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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
 3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net (loss) income $ (63,217) $ 104,385
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income tax benefit (69,584) (29,919)
Excess tax benefit from share based payment arrangement    (71,296)
Stock-based compensation 43,779 27,237
Depreciation, depletion and amortization 231,536 245,174
Accretion of asset retirement obligations 9,538 9,038
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable 73,570 (32,484)
Increase in prepaid expenses (34,937) (25,603)
Increase in income tax payable    71,296
Increase in accounts payable and accrued expenses 63,801 85,324
Net cash provided by operating activities 254,486 383,152
Cash flows from investing activities:    
Additions to oil and gas properties (471,063) (122,614)
Additions to other property and equipment (3,449)   
Proceeds from sale of oil and gas properties and equipment    462,608
Net cash (used in) provided by investing activities (474,512) 339,994
Cash flows from financing activities:    
Excess tax benefit from share based payment arrangement    71,296
Reduction of long-term debt (225,000) (850,000)
Net cash used in financing activities (225,000) (778,704)
Net decrease in cash and cash equivalents (445,026) (55,558)
Cash and cash equivalents at beginning of period 498,681 179,071
Cash and cash equivalents at end of period 53,655 123,513
Supplemental disclosure of cash flow information:    
Cash paid for interest 9,395 10,539
Income taxes paid     
Non-cash investing and financing activities:    
Asset retirement obligations $ 15,740 $ 3,718