Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Schedule of Purchase Price Allocation

The following table represents the preliminary fair values of the net assets acquired at the Date of Acquisition:

Assets
Oil and gas properties - proved	$	247,709
Oil and gas properties - unproved	172,367
Other assets	15,100
	435,176
Liabilities
Accounts payable and accrued expenses	(31,000		)
Other liabilities	(1,500		)
	(32,500		)
Net asset acquired	$	402,676

Business Acquisition, Pro Forma Information

Total revenues	$	389,260
Net loss	$	(160,555	)
Loss per share - basic and diluted	$	(2.77	)