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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating revenues:    
Oil and gas $ 1,006,656 $ 984,269
Other 11,178 12,256
Total operating revenues 1,017,834 996,525
Operating expenses:    
Production 310,778 308,636
Accretion of asset retirement obligations 4,835 10,917
Depreciation, depletion, and amortization 300,815 295,033
General and administrative 350,337 311,470
Total operating expenses 966,765 926,056
Operating income 51,069 70,469
Other income (expenses):    
Interest income 2 2
Interest expense (15,770) (20,130)
Loss on derivative instruments (33,628) (27,392)
Net other expense (49,396) (47,520)
Earnings before provision for income taxes 1,673 22,949
Current      
Deferred (17,381) 6,818
TOTAL (17,381) 6,818
Net income $ 19,054 $ 16,131
Income per common share:    
Basic $ 0.01 $ 0.01
Diluted $ 0.01 $ 0.01
Weighted average common shares outstanding:    
Basic 2,038,266 2,036,866
Diluted 2,054,847 2,038,491