Summary of Capitalized Costs Relating to Oil and Natural Gas Producing Activities (Details) (USD $)
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2011
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Summary of Capitalized Costs Relating to Oil and Natural Gas Producing Activities | |||
Proved oil and natural gas properties | $ 58,040,724 | $ 23,051,904 | $ 6,597,433 |
Office equipments | 257,911 | 175,106 | 11,133 |
Total capitalized costs | 58,298,635 | 23,227,010 | 6,608,566 |
Accumulated depletion, depreciation and amortization Capitalized Costs | (2,880,253) | (596,162) | (89,376) |
Net Capitalized Costs | $ 55,418,382 | $ 22,630,848 | $ 6,519,190 |
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- Definition
Amount of accumulated depreciation, depletion, amortization and valuation allowance relating to oil and gas producing activities. No definition available.
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- Definition
Net amount of capitalized costs relating to oil and gas producing activities. No definition available.
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- Definition
Amount before accumulated depreciation of equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases. No definition available.
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- Definition
Proved oil and natural gas properties No definition available.
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- Details
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- Definition
Amount of interest capitalized during the period. No definition available.
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