OIL AND GAS PRODUCING ACTIVITIES (Details) - USD ($) |
Dec. 31, 2016 |
Dec. 31, 2015 |
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| Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items] | ||
| Proved oil and natural gas properties | $ 250,133,965 | $ 269,590,374 |
| Inventory for property development | 1,582,427 | 0 |
| Office equipment | 1,549,311 | 1,539,991 |
| Total capitalized costs | 253,265,703 | 271,130,365 |
| Accumulated depletion, depreciation and amortization | (41,347,152) | (29,863,838) |
| Net Capitalized Costs | $ 211,918,551 | $ 241,266,527 |
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- Definition Capitalized costs of inventory for property development used in oil and gas producing activities. No definition available.
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- Definition Amount of accumulated depreciation, depletion, amortization and valuation allowance relating to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of capitalized costs relating to oil and gas producing activities before accounting for accumulated depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net amount of capitalized costs relating to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Capitalized costs of proved properties incurred for any combination mineral interests acquisitions; wells and related equipment; support equipment and facilities; and uncompleted wells and equipment and other costs not previously disclosed within this table. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Capitalized costs incurred for support equipment and facilities used in oil and gas producing activities (such as seismic equipment, drilling equipment, construction and grading equipment, vehicles, repair shops, warehouses, supply points, camps, and division, district, or field offices). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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