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10. Fair Value of Financial Instruments (Details-Recurring basis) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014
--- | --- | ---
Fair Value Inputs Level1 [Member] |  |
Assets |  |
Cash and cash Equivalents |  | $ 94,682
Derivative Instruments (crude oil swaps and collars) |  | 0
Total assets |  | 94,682
Liabilities |  |
Revolving credit facilities and long term debt, net of discounts |  | 0
Total Liabilities |  | 0
Total Assets and Liablilties |  | 94,682
Fair Value Inputs Level2 [Member] |  |
Assets |  |
Cash and cash Equivalents |  | 0
Derivative Instruments (crude oil swaps and collars) |  | 7,579,745
Total assets |  | 7,579,745
Liabilities |  |
Revolving credit facilities and long term debt, net of discounts |  | 51,834,603
Total Liabilities |  | 51,834,603
Total Assets and Liablilties |  | (44,254,858)
Fair Value Inputs Level3 [Member] |  |
Assets |  |
Cash and cash Equivalents |  | 0
Derivative Instruments (crude oil swaps and collars) |  | 0
Total assets |  | 0
Liabilities |  |
Revolving credit facilities and long term debt, net of discounts |  | 0
Total Liabilities |  | 0
Total Assets and Liablilties |  | $ 0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level1 [Member] |  |
Assets |  |
Cash and cash Equivalents | $ 58,599 |
Derivative Instruments (crude oil swaps and collars) | 0 |
Total assets | 58,599 |
Liabilities |  |
Revolving credit facilities and long term debt, net of discounts | 0 |
Total Liabilities | 0 |
Total Assets and Liablilties | 58,599 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level2 [Member] |  |
Assets |  |
Cash and cash Equivalents | 0 |
Derivative Instruments (crude oil swaps and collars) | 2,693,561 |
Total assets | 2,693,561 |
Liabilities |  |
Revolving credit facilities and long term debt, net of discounts | 57,458,543 |
Total Liabilities | 57,458,543 |
Total Assets and Liablilties | (54,764,982) |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level3 [Member] |  |
Assets |  |
Cash and cash Equivalents | 0 |
Derivative Instruments (crude oil swaps and collars) | 0 |
Total assets | 0 |
Liabilities |  |
Revolving credit facilities and long term debt, net of discounts | 0 |
Total Liabilities | 0 |
Total Assets and Liablilties | $ 0 |

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- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 + Details
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- Definition Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611 + Details
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- Definition Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41228-113958 + Details
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- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51825145&loc=SL20226000-175313 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=51814546&loc=SL51823488-111719 + Details
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- Definition Fair value of financial and nonfinancial obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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