Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Details)

v3.4.0.3
SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
May. 18, 2015
May. 13, 2013
Cash and Cash Equivalents [Abstract]          
Threshold amount of FDIC coverage $ 250,000        
Accounts Receivable, Net [Abstract]          
Allowance for doubtful accounts $ 4,500,000   $ 4,500,000    
Advance to Operators [Abstract]          
Period for advance payments to be applied against joint interest billings 90 days        
Property, Plant and Equipment [Abstract]          
Depreciation expense $ 52,654 $ 79,775      
Debt Issuance Costs [Abstract]          
Amortization of debt issuance costs 1,007,983 722,144      
Write-off of Debt Issuance Costs $ 1,089,507 0      
Bond Premium/Discount on Senior Notes [Abstract]          
Rate of Senior notes 8.00%   8.00%    
Income Taxes [Abstract]          
Valuation allowance $ 277,700,000   $ 232,300,000    
Senior Notes Due 2020 [Member]          
Bond Premium/Discount on Senior Notes [Abstract]          
Amortization of bond premium 400,000 400,000      
Amortization of bond discount $ 500,000 $ 0      
Senior Unsecured Notes [Member]          
Bond Premium/Discount on Senior Notes [Abstract]          
Rate of Senior notes 8.00%        
Senior Unsecured Notes [Member] | Senior Notes Due 2020 [Member]          
Debt Issuance Costs [Abstract]          
Increase (decrease) of unamortized debt issuance costs       $ 10,000,000 $ 10,500,000
Bond Premium/Discount on Senior Notes [Abstract]          
Capitalized costs associated with bond premium/discount       $ 10,000,000 $ 10,500,000
Rate of Senior notes       8.00% 8.00%
Minimum [Member]          
Property, Plant and Equipment [Abstract]          
Property and equipment, estimated useful lives 3 years        
Maximum [Member]          
Property, Plant and Equipment [Abstract]          
Property and equipment, estimated useful lives 7 years        
Other Noncurrent Assets [Member]          
Accounts Receivable, Net [Abstract]          
Accounts receivable $ 6,800,000   6,800,000    
Other Noncurrent Assets [Member] | Revolving Credit Facility [Member]          
Debt Issuance Costs [Abstract]          
Increase (decrease) of unamortized debt issuance costs 1,900,000   3,300,000    
Bond Premium/Discount on Senior Notes [Abstract]          
Capitalized costs associated with bond premium/discount $ 1,900,000   3,300,000    
Debt Issuance Costs, Net [Member]          
Debt Issuance Costs [Abstract]          
Increase (decrease) of unamortized debt issuance costs     (12,500,000)    
Bond Premium/Discount on Senior Notes [Abstract]          
Capitalized costs associated with bond premium/discount     (12,500,000)    
Long-term Debt [Member]          
Debt Issuance Costs [Abstract]          
Increase (decrease) of unamortized debt issuance costs     12,500,000    
Bond Premium/Discount on Senior Notes [Abstract]          
Capitalized costs associated with bond premium/discount     $ 12,500,000