FAIR VALUE MEASUREMENTS (Details 2) (Commodity derivatives, USD $)	12 Months Ended
Dec. 31, 2013	Dec. 31, 2012
Commodity derivatives
Derivative Asset
Beginning net asset (liability) balance	$ 1,727,192	$ 881,822
Net increase (decrease) in fair value	(3,931,350)	796,287
Net settlement	(586,249)	(362,095)
New derivatives	3,205,271	411,178
Ending net asset (liability) balance	414,864	1,727,192
Derivative Liability
Beginning net asset (liability) balance	1,235,168	1,115,595
Net (decrease) increase in fair value	(416,705)	(3,239,647)
Net realized (loss) on settlement	1,718,696	527,766
New derivatives	2,245,018	2,831,454
Ending net asset (liability) balance	$ 4,782,177	$ 1,235,168

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