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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income (loss) $ 16,131 $ (63,217)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income tax expense (benefit) 6,818 (69,584)
Stock-based compensation 39,372 43,779
Depreciation, depletion and amortization 295,033 231,536
Accretion of asset retirement obligations 10,917 9,538
Change in fair value of derivative instruments 27,392   
Other (97)   
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (107,645) 73,570
Increase in prepaid expenses (38,614) (34,937)
Decrease in non-current assets 109,480   
Increase in accounts payable and accrued expenses 51,104 63,801
Net cash provided by operating activities 409,891 254,486
Cash flows from investing activities:    
Additions to oil and gas properties (463,324) (471,063)
Additions to other property and equipment (931) (3,449)
Settlement of derivatives (6,335)   
Proceeds from sale of oil and gas properties and equipment 67   
Net cash used in investing activities (470,523) (474,512)
Cash flows from financing activities:    
Reduction of long-term debt    (225,000)
Net cash provided by (used in) financing activities    (225,000)
Net decrease in cash and cash equivalents (60,632) (445,026)
Cash and cash equivalents at beginning of period 166,406 498,681
Cash and cash equivalents at end of period 105,774 53,655
Supplemental disclosure of cash flow information:    
Cash paid for interest 20,130 9,395
Income taxes paid      
Non-cash investing and financing activities:    
Asset retirement obligations $ 2,895 $ 15,740