Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Details)

v3.4.0.3
FAIR VALUE (Details) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
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
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) 42,628,541 64,611,558
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