Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Details)

v2.4.0.8
FAIR VALUE (Details) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total $ 2,664,500 $ 20,057,781
Total (26,608,187) (16,747,321)
Transfers between Level 1 and Level 2 0  
Fair Value, Measurements, Recurring [Member] | Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]
   
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Commodity Derivatives - Current Asset (crude oil swaps and collars) 0 0
Commodity Derivatives - Non-Current Asset (crude oil swaps and collars) 0 0
Commodity Derivatives - Current Liability (crude oil swaps and collars) 0  
Commodity Derivatives - Non-Current Liability (crude oil swaps and collars)   0
Total 0  
Total   0
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
   
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Commodity Derivatives - Current Asset (crude oil swaps and collars) 22,692 4,095,197
Commodity Derivatives - Non-Current Asset (crude oil swaps and collars) 934,545 1,763,008
Commodity Derivatives - Current Liability (crude oil swaps and collars) (21,841,508)  
Commodity Derivatives - Non-Current Liability (crude oil swaps and collars) (3,059,416) (2,547,745)
Total (23,943,687)  
Total   3,310,460
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
   
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Commodity Derivatives - Current Asset (crude oil swaps and collars) 0 0
Commodity Derivatives - Non-Current Asset (crude oil swaps and collars) 0 0
Commodity Derivatives - Current Liability (crude oil swaps and collars) 0  
Commodity Derivatives - Non-Current Liability (crude oil swaps and collars) 0 0
Total 0  
Total   $ 0