CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenues
Oil and gas sales	$ 650,648	$ 695,318
Total revenues	650,648	695,318
Operating Expenses:
Lease operating costs	159,800	190,207
Exploration and dry hole cost	2,513	56,351
Production taxes	32,704	34,867
General and administrative	4,389,788	2,687,405
Impairment of oil and natural gas properties	867,048	3,721,042
Depreciation/depletion/amortization	637,121	430,912
Total operating expenses	6,088,974	7,120,784
Loss from operations	(5,438,326)	(6,425,466)
Other Income (Expense):
Gain on sale of oil and gas properties	0	2,170,725
Gain from legal settlement	(637,248)	0
Management fee income	8,028	90,785
Interest expense	(112,468)	(65,181)
Total other income and expense	532,808	2,196,329
Loss before Tax Benefit	(4,905,518)	(4,229,137)
Tax benefit	0	0
Net loss	(4,905,518)	(4,229,137)
Less: Net loss attributable to non-controlling interest	(728,218)	(1,019,205)
Net loss attributable to Victory Energy Corporation	$ (4,177,300)	$ (3,209,932)
Weighted average shares, basic and diluted	29,803,358	28,453,976
Net income (loss) per share, basic and diluted (in dollars per share)	$ (0.14)	$ (0.11)