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Acquisition and Development Agreement (Narrative) (Details) (USD $)
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1 Months Ended |
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Nov. 30, 2013
acre
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| Area of Land | 15,000 |
| Investment in oil and gas properties | $ 5,400,000 |
| Estimated costs to drill and complete | $ 2,500,000 |
| Working interest | 80.00% |
| Net Revenue Interest | 81.25% |
| Gas and oil area, Gross | 15,000 |
| Gas and oil area, Net | 12,000 |
| Funding percentage required of drilling and completion costs | 100.00% |
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- Definition
Funding percentage required of drilling and completion costs No definition available.
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- Definition
Net Revenue Interest No definition available.
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- Definition
Working interest No definition available.
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- Definition
Area of land held. No definition available.
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- Definition
Amount of costs incurred related to oil and gas property acquisition, exploration and development activities, including capitalized costs and costs charged to expense. No definition available.
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- Definition
Cost incurred related to the upstream oil and gas activities, such as the exploration, development, and production of crude petroleum and natural gas. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Area spaced or assigned to productive wells in which a working interest is owned. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fractional interest owned based on working interests or other economic arrangements of area spaced or assigned to productive wells. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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