Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net income (loss)	$ (39,611,727)	$ 884,496
Depreciation, depletion and amortization	1,200,521	2,495,317
Impairment of oil and gas assets	37,543,972	0
Stock, options and warrants issued for services	314,965	460,343
Accretion of asset retirement obligation	206,397	191,348
Settlement of asset retirement obligation	(2,244)	(90,524)
Loss (gain) on derivatives	1,626,112	(1,104,559)
Loss on sale of fixed assets	13,661	181
Adjustments to reconcile net income to cash from operating activities:
Accounts receivable	256,051	603,495
Inventory	13,528	(25,207)
Prepaid expenses	(112,333)	(206,638)
Accounts payable	(2,260,800)	305,290
Accrued liabilities	66,988	(1,096,538)
Cash flows (used in) provided by operating activities	(744,909)	2,417,004
Cash flows from investing activities
Purchase of fixed assets	21,289	(238,148)
Additions to oil and gas properties	(221,524)	(5,162,656)
Proceeds from the sale of oil and gas assets	2,867,303	987,939
Proceeds from the sale of fixed assets	4,285	0
Proceeds from liquidation of marketable securities	1,360,172	0
Cash flows used in investing activities	4,031,525	(4,412,865)
Cash flows from financing activities
Payments on long-term debt	(4,487,692)	(14,027,287)
Proceeds from borrowings	500,000	3,500,000
Proceeds from sale of preferred stock	4,668,816	13,350,731
Deferred financing costs	63,159	(196,960)
Dividends paid on preferred stock	(1,602,806)	(1,378,135)
Cash flows provided by financing activities	(858,523)	1,248,349
Net increase (decrease) in cash	2,428,093	(747,512)
Cash - beginning	805,524	1,308,196
Cash - ending	3,233,617	560,684
Supplemental disclosures:
Interest paid	462,160	503,571
Income taxes paid	0	0
Non-cash transactions:
Share based payments issued for services	$ 314,965	$ 460,343