Basis Of Presentation And Significant Accounting Policies Oil and Gas Properties (Details) (USD $)
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3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2014
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Sep. 30, 2013
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Sep. 30, 2014
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Sep. 30, 2013
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Basis Of Presentation And Significant Accounting Policies Oil and Gas Properties Details | ||||
Depreciation, depletion and amortization | $ 4,494,868 | $ 917,116 | $ 9,502,880 | $ 1,657,386 |
Depletion at the rate per barrel | 30.29 | 27.43 | 30.29 | 27.43 |
Depreciation expenses on oil & Gas properties | $ 35,112 | $ 17,584 | $ 82,539 | $ 42,990 |
Estimated present value of future net revenues from proved reserves, discounted at a an interest rate % | 10.00% |
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- Details
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- Definition
Depletion at the rate per barrel No definition available.
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- Definition
Estimated present value of future net revenues from proved reserves, discounted at a an interest rate % No definition available.
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- Definition
The decrease in accumulated depreciation, depletion and amortization (relating to property, plant and equipment) as a result of sales or disposals of property, plant and equipment during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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