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SUPPLEMENTAL OIL AND GAS INFORMATION (UNAUDITED) - Costs Incurred (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Extractive Industries [Abstract]      
Proved Property Acquisition and Other $ 18,531,518 $ 9,068,139 $ 29,838,482
Unproved Property Acquisition 2,301,285 3,346,214 27,561,901
Development 63,621,429 116,255,535 479,472,251
Total $ 84,454,232 $ 128,669,888 $ 536,872,634