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7. Asset Retirement Obligation (Tables)

9 Months Ended

Sep. 30, 2015

Asset Retirement Obligation Disclosure [Abstract]

Asset retirement obligation

		Nine Months Ended
		September 30,
		2015				2014
Beginning ARO		$	286,804			$	160,665
Liabilities incurred for new wells placed in production			42,391				61,815
Accretion of discount on ARO			23,900				15,486
Ending ARO		$	353,095			$	237,966

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- References

No definition available.

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- Definition

Tabular disclosure of the carrying amount of a liability for asset retirement obligations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 410



-SubTopic 20



-Section 50



-Paragraph 1



-URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849

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