OIL AND GAS PRODUCING ACTIVITIES (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]
Proved oil and natural gas properties	$ 433,591,134	$ 250,133,965
Inventory for property development	0	1,582,427
Fixed assets subject to depreciation	1,884,818	1,549,311
Total capitalized costs	435,475,952	253,265,703
Accumulated depletion, depreciation and amortization	(61,864,932)	(41,347,152)
Net Capitalized Costs	$ 373,611,020	$ 211,918,551