Oil and Gas Properties (Tables)

12 Months Ended

Dec. 31, 2011

Oil and Gas Properties [Abstract]

Capitalized Costs Relating to Oil and Gas Producing Activities

		December 31,		December 31,
		2011		2010
Developed Properties:
Acquisition, equipment, exploration, drilling and environmental costs	$	5,974,604	$	4,575,222
Less: Accumulated depletion, depreciation and amortization		(2,322,982)		(1,985,799)
		3,651,622		2,589,423
Unproven Properties:
Acquisition and exploration costs not being amortized (1), (2)		537,526		486,247
Net capitalized costs - oil and gas properties	$	4,189,148	$	3,075,670

G. CAPITALIZED COSTS RELATING TO OIL AND GAS PRODUCING ACTIVITIES:
			December 31,
			2011		2010
	Developed Properties:
	Acquisition, equipment, exploration, drilling and
	environmental costs	$	5,974,604	$	4,575,222
	Less: accumulated depletion, depreciation and amortization		(2,322,982)		(1,985,799)
			3,651,622		2,589,423
	Unproven Properties:
	Acquisition and exploration costs not being amortized		537,526		486,247
		$	4,189,148	$	3,075,670

Schedule Of Capitalized Costs Of Unproved Properties Excluded From Amortization Text Block

The Company holds interests in domestic projects in which costs related to these interests are not being depleted pending determination of existence of estimated proved reserves. The Company will continue to assess and allocate the unproven properties over the next several years as proved reserves are established and as exploration dictates whether or not future areas will be developed.

		Total		2011		2010		2009		Prior
Acquisition costs	$	681,370	$	69,330	$	521,149	$	36,432	$	54,459
Exploration costs		22,439		3,364		2,985		2,829		13,261
Capitalized interest		48,084		28,474		19,610		-		-
Sales		(77,498)		(5,821)		(68,420)		(3,257)		-
Less transfers to proved		(136,869)		(44,068)		(44,621)		(36,004)		(12,176)
	$	537,526	$	51,279	$	430,703	$	-	$	55,544