CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Cash flows from operating activities:
Net income	$ 234,618	$ 102,714
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income tax benefit	(50,109)	(14,599)
Excess tax benefit from share based payment arrangement	(124,880)	25,502
Stock-based compensation	76,761	46,876
Depreciation, depletion and amortization	702,362	763,251
Accretion of asset retirement obligations	27,033	25,463
Other		(17,860)
Changes in assets and liabilities:
Decrease in accounts receivable	19,180	170,936
Decrease (increase) in prepaid expenses	3,151	(66,527)
Increase (decrease) in income taxes payable	124,880	(25,502)
Decrease in accounts payable and accrued expenses	(12,164)	(97,478)
Net cash provided by operating activities	1,000,832	912,776
Cash flows from investing activities:
Additions to oil and gas properties	(627,562)	(1,668,296)
Acquisition of business		(478,000)
Additions to other property and equipment		(2,359)
Proceeds from sale of oil and gas properties and equipment	470,729	1,653
Net cash used in investing activities	(156,833)	(2,147,002)
Cash flows from financing activities:
Proceeds from exercise of stock options		27,187
Acquisition of treasury stock	(22,780)	(12,325)
Reduction of long-term debt	(1,050,000)	(645,000)
Proceeds from long-term debt		1,895,000
Excess tax benefit (expense) from share based payment arrangement	124,880	(25,502)
Net cash (used in) provided by financing activities	(947,900)	1,239,360
Net (decrease) increase in cash and cash equivalents	(103,901)	5,134
Cash and cash equivalents at beginning of period	179,071	160,439
Cash and cash equivalents at end of period	75,170	165,573
Supplemental disclosure of cash flow information:
Cash paid for interest	23,371	22,896
Income taxes paid
Non-cash investing and financing activities:
Asset retirement obligations	11,648	8,064
Issuance of common stock in exchange for oil and gas properties		164,756
Acquisition of Southwest Texas Disposal Corporation resulting in the assumption of liabilities as follows:
Fair value of assets		487,868
Cash paid		478,000
Liabilities assumed		$ 9,868