Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Details)

v2.4.0.8
FAIR VALUE (Details) (USD $)
Jun. 30, 2014
Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
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
Commodity Derivatives - Current Liability (crude oil swaps and collars) 0 0
Commodity Derivatives - Non - Current Asset (crude oil swaps) 0 0
Commodity Derivatives - Non-Current Liability (crude oil swaptions)   0
Total 0 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)   62,890
Commodity Derivatives - Current Liability (crude oil swaps and collars) (45,110,007) (19,119,646)
Commodity Derivatives - Non - Current Asset (crude oil swaps) (12,389,078) 1,745,405
Commodity Derivatives - Non-Current Liability (crude oil swaptions) (3,616,689) (637,208)
Total (61,115,774) (17,948,559)
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
Commodity Derivatives - Current Liability (crude oil swaps and collars) 0 0
Commodity Derivatives - Non - Current Asset (crude oil swaps) 0 0
Commodity Derivatives - Non-Current Liability (crude oil swaptions) 0 0
Total $ 0 $ 0