CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues:
Oil and Gas Revenues	$ 38,089,443	$ 10,315,701	$ 1,757,444
Costs and Operating Expenses
Oil and gas production costs	4,993,166	1,207,529	785,959
Oil and gas production taxes	1,760,206	476,964	82,995
Depreciation, depletion and amortization	11,807,794	2,284,091	506,786
Asset retirement obligation accretion	154,973	53,681	20,906
General and administrative expense	6,803,029	6,682,760	2,392,645
Total Costs and Operating Expenses	25,519,168	10,705,025	3,789,291
Income (Loss) from Operations	12,570,275	(389,324)	(2,031,847)
Other Income (Expense)
Gain on derivative put options	0	0	276,736
Interest income	85,964	24,706	4,309
Interest expense	0	(9,890)	(218,805)
Net Other Income	85,964	14,816	62,240
Income (Loss) Before Provision for Income Taxes	12,656,239	(374,508)	(1,969,607)
(Provision for) Benefit from Income Taxes	(4,235,739)	(77,701)	300,324
Net Income (Loss)	$ 8,420,500	$ (452,209)	$ (1,669,283)
Basic Earnings (Loss) per share	$ 0.34	$ (0.03)	$ (0.21)
Diluted Earnings (Loss) per share	$ 0.33	$ (0.03)	$ (0.21)