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Changes in the asset retirement obligation as follows (Details) (USD $)
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Asset Retirement obligation
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| Balance of asset retirement obligation at Dec. 31, 2011 | $ 274,788 |
| Liabilities incurred | 200,593 |
| Accretion expense | 20,906 |
| Balance of asset retirement obligation, at Dec. 31, 2012 | 496,286 |
| Balance of asset retirement obligation at Dec. 31, 2012 | |
| Liabilities incurred | 481,296 |
| Revision of estimate | 211,691 |
| Liabilities settled | (60,544) |
| Accretion expense. | 53,681 |
| Balance of asset retirement obligation. at Dec. 31, 2013 | $ 1,182,410 |
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- Definition
Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations No definition available.
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- Definition
Balance of asset retirement obligation No definition available.
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- Definition
Balance of asset retirement obligation No definition available.
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- Definition
Balance of asset retirement obligation No definition available.
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- Definition
Amount of asset retirement obligations incurred during the period. No definition available.
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- Definition
Amount of asset retirement obligations settled, or otherwise disposed of, during the period. This may include asset retirement obligations transferred to third parties associated with the sale of a long-lived asset. No definition available.
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- Definition
Any changes made during the period to the evaluation or calculation of the estimated quantity of oil or gas in proved reserves. No definition available.
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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