Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Details)

v3.3.0.814
FAIR VALUE (Details) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Transfers between Level 1, Level 2 or Level 3 $ 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) 0 $ 0
Commodity Derivatives - Non - Current Asset (crude oil swaps) 0 0
Commodity Derivatives - Current Liability (crude oil swaptions) 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) 87,881,527 128,893,220
Commodity Derivatives - Non - Current Asset (crude oil swaps) 6,330,398 25,013,011
Commodity Derivatives - Current Liability (crude oil swaptions) (678)  
Commodity Derivatives - Non-Current Liability (crude oil swaptions)   (579,070)
Total 94,211,247 153,327,161
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) 0 0
Commodity Derivatives - Non - Current Asset (crude oil swaps) 0 0
Commodity Derivatives - Current Liability (crude oil swaptions) 0  
Commodity Derivatives - Non-Current Liability (crude oil swaptions)   0
Total $ 0 $ 0