CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 180,581,580	$ 4,267,667
Accounts receivable:
Oil and gas sales	57,484,768	38,600,436
Joint interest and other	12,915,777	5,484,620
Prepaid expenses and other	1,637,925	3,031,815
Inventory of oilfield equipment	10,696,524	1,740,934
Derivative asset	857,863	2,178,064
Total current assets	264,174,437	55,303,536
Property and equipment (successful efforts method), at cost
Proved properties	1,257,288,465	811,000,239
Less: accumulated depreciation, depletion and amortization	(224,848,470)	(89,669,725)
Total proved properties, net	1,032,439,995	721,330,514
Unproved properties	45,081,638	72,928,364
Wells in progress	110,847,961	75,031,806
Natural gas plant, net of accumulated depreciation of $5,902,796 in 2013 and $3,403,817 in 2012	71,473,693	69,683,786
Other property and equipment, net of accumulated depreciation of $2,822,245 in 2013 and $890,093 in 2012	7,405,862	4,199,702
Oil and gas properties held for sale, net of accumulated depreciation, depletion, and amortization of $1,462,563 in 2013 and $1,178,751 in 2012 (note 3)	360,265	582,388
Total property and equipment, net	1,267,609,414	943,756,560
Long-term derivative asset	292,691
Other noncurrent assets	13,858,579	3,429,711
Total assets	1,545,935,121	1,002,489,807
Current liabilities:
Accounts payable and accrued expenses (note 5)	121,664,750	72,850,272
Oil and gas revenue distribution payable	36,240,879	12,552,655
Contractual obligation for land acquisition	11,999,877	11,999,877
Derivative liability	5,320,030	5,200,202
Total current liabilities	175,225,536	102,603,006
Long-term liabilities:
Long-term debt	508,846,591	158,000,000
Contractual obligation for land acquisition	22,033,057	33,271,631
Ad valorem taxes	18,867,710	11,179,370
Derivative liability	1,202,971	1,208,106
Deferred income taxes, net	152,680,892	110,376,606
Asset retirement obligations	11,050,032	7,333,584
Total liabilities	889,906,789	423,972,303
Commitments and contingencies (note 7)
Stockholders' equity:
Preferred stock, $.001 par value, 25,000,000 shares authorized, none outstanding
Common stock, $.001 par value, 225,000,000 shares authorized, 40,285,919 and 40,115,536 issued and outstanding in 2013 and 2012, respectively	40,286	40,116
Additional paid-in capital	527,752,211	519,425,356
Retained earnings	128,235,835	59,052,032
Total stockholders' equity	656,028,332	578,517,504
Total liabilities and stockholders' equity	$ 1,545,935,121	$ 1,002,489,807