Subsequent Events	6 Months Ended
Jun. 30, 2012
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12 - SUBSEQUENT EVENTS In July and August 2012, the Company borrowed an additional $30.0 million under the Credit Agreement to finance a portion of its working capital requirements and capital expenditures. At August 14, 2012, the Company had $90.0 million in borrowings outstanding under the Credit Agreement and approximately $1.3 million in outstanding letters of credit issued pursuant to the Credit Agreement. In August 2012, the Company committed to participating in a non-operated Eagle Ford shale well in Wilson County, Texas. If the well is drilled and completed as planned, the Company will have a minimum commitment for its participation in the well of approximately $2.4 million. At August 14, 2012, drilling operations are in progress on this well. On August 10, 2012, the Company acquired 4,911 gross and 2,873 net acres prospective for the Wolfcamp and Bone Spring formations in the Delaware Basin in Loving County, Texas. The Company paid approximately $8.6 million to acquire this acreage.

Subsequent Events

6 Months Ended

Jun. 30, 2012

NOTE 12 - SUBSEQUENT EVENTS

In July and August 2012, the Company borrowed an additional $30.0 million under the Credit Agreement to finance a portion of its working capital requirements and capital expenditures. At August 14, 2012, the Company had $90.0 million in borrowings outstanding under the Credit Agreement and approximately $1.3 million in outstanding letters of credit issued pursuant to the Credit Agreement.

In August 2012, the Company committed to participating in a non-operated Eagle Ford shale well in Wilson County, Texas. If the well is drilled and completed as planned, the Company will have a minimum commitment for its participation in the well of approximately $2.4 million. At August 14, 2012, drilling operations are in progress on this well.

On August 10, 2012, the Company acquired 4,911 gross and 2,873 net acres prospective for the Wolfcamp and Bone Spring formations in the Delaware Basin in Loving County, Texas. The Company paid approximately $8.6 million to acquire this acreage.