ACQUISITIONS (Details Textual) |
1 Months Ended | 12 Months Ended |
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Jun. 30, 2015
USD ($)
a
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Dec. 31, 2015
USD ($)
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| Business Acquisition [Line Items] | ||
| Gas and Oil Area, Developed, Net | a | 19,679 | |
| Gas and Oil Area, Developed, Gross | a | 19,983 | |
| Payments to Acquire Businesses, Net of Cash Acquired, Total | $ 75,000,000 | |
| Noncash or Part Noncash Acquisition, Accounts Receivable Acquired | 286,563 | |
| Noncash or Part Noncash Acquisition, Payables Assumed | $ 742,332 | |
| Business Combination, Acquisition Related Costs | $ 129,896 | |
| Average Working Interest [Member] | ||
| Business Acquisition [Line Items] | ||
| Business Acquisition, Percentage of Voting Interests Acquired | 98.00% | |
| Average Net Revenue Interest [Member] | ||
| Business Acquisition [Line Items] | ||
| Business Acquisition, Percentage of Voting Interests Acquired | 79.00% |
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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 Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. 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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- Definition The amount of accounts receivable that an Entity acquires in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of payables that an Entity assumes in acquiring a business or in consideration for an asset received in a noncash (or part noncash) acquisition. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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