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ASSET RETIREMENT OBLIGATION (Details) (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Asset Retirement Obligation [Line Items] | ||
| Balance | $ 3,896,489us-gaap_AssetRetirementObligation | |
| Liabilities incurred | 31,575us-gaap_AssetRetirementObligationLiabilitiesIncurred | |
| Accretion expense | 66,979us-gaap_AccretionExpense | 24,382us-gaap_AccretionExpense |
| Balance | $ 3,995,043us-gaap_AssetRetirementObligation | |
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- Details
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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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of asset retirement obligations incurred during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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