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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Oil and gas sales $ 3,359,684 $ 5,492,326 $ 11,296,220 $ 15,076,743
Gain (loss) on settled derivatives 7,456,284 (70,253) 9,436,903 (449,135)
Gain (loss) on the mark-to-market of derivatives (3,297,358) 2,147,798 (4,886,184) 1,052,639
Total revenues 7,518,610 7,569,871 15,846,939 15,680,247
Operating expenses:        
Production expenses 887,187 670,404 3,030,707 1,773,458
Production taxes 330,186 588,923 1,171,530 1,585,755
General and administrative 754,788 690,189 2,295,241 2,095,071
Depletion of oil and gas properties 1,778,580 2,275,703 7,346,356 5,994,180
Impairment of oil and gas properties 30,995,000 0 52,634,000 0
Accretion of discount on asset retirement obligations 8,039 5,833 23,900 15,486
Depreciation and amortization 4,010 8,214 12,286 24,327
Total operating expenses 34,757,790 4,239,266 66,514,020 11,488,277
Net operating income (loss) (27,239,180) 3,330,605 (50,667,081) 4,191,970
Other income (expense):        
Other income 0 0 6,707 0
Interest income 0 972 0 972
Interest (expense) (1,681,307) (1,440,274) (4,795,727) (3,816,297)
Total other income (expense) (1,681,307) (1,439,302) (4,789,020) (3,815,325)
Income (loss) before provision for income taxes (28,920,487) 1,891,303 (55,456,101) 376,645
Provision for income taxes 0 (700,587) 6,593,040 (110,849)
Net income (loss) $ (28,920,487) $ 1,190,716 $ (48,863,061) $ 265,796
Weighted average common shares outstanding - basic 47,979,990 47,979,990 47,979,990 47,979,990
Weighted average common shares outstanding - fully diluted 47,979,990 49,588,039 47,979,990 49,824,437
Net loss per common share - basic $ (.60) $ 0.02 $ (1.02) $ 0.01
Net loss per common share - fully diluted $ (.60) $ 0.02 $ (1.02) $ 0.01