Oil and Gas Properties (Tables)

9 Months Ended

Sep. 30, 2011

Oil And Gas Properties Tables [Abstract]

Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure [Text Block]

2. OIL AND GAS PROPERTIES:
		September 30,		December 31,
		2011		2010
Developed Properties:
Acquisition, equipment, exploration, drilling and environmental costs	$	5,629,692	$	4,575,222
Less: Accumulated depletion, depreciation and amortization		(2,218,156)		(1,985,799)
		3,411,536		2,589,423
Unproven Properties:
Acquisition and exploration costs not being amortized(1)		526,579		486,247
Net capitalized costs - oil and gas properties	$	3,938,115	$	3,075,670