Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS AND PRICE RISK MANAGEMENT (Details)

v3.4.0.3
DERIVATIVE INSTRUMENTS AND PRICE RISK MANAGEMENT (Details)
3 Months Ended
Mar. 31, 2016
USD ($)
bbl
$ / bbl
Mar. 31, 2015
USD ($)
Non-cash gains or losses on derivative contracts [Abstract]    
Cash Received (Paid) on Derivatives, Net | $ $ 25,446,900 $ 39,994,650
Non-Cash Gain (Loss) on Derivatives, Net | $ (21,983,017) (14,331,367)
Gain on Derivative Instruments, Net | $ $ 3,463,883 $ 25,663,283
Oil Swap 1 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Oil (in barrels) | bbl 90,000  
Fixed Price (in dollars per barrel) | $ / bbl 89.00  
Oil Swap 2 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Oil (in barrels) | bbl 90,000  
Fixed Price (in dollars per barrel) | $ / bbl 90.00  
Oil Swap 3 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Oil (in barrels) | bbl 90,000  
Fixed Price (in dollars per barrel) | $ / bbl 91.00  
Oil Swap 4 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Oil (in barrels) | bbl 90,000  
Fixed Price (in dollars per barrel) | $ / bbl 90.00  
Oil Swap 5 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Oil (in barrels) | bbl 45,000  
Fixed Price (in dollars per barrel) | $ / bbl 90.00  
Oil Swap 6 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Oil (in barrels) | bbl 45,000  
Fixed Price (in dollars per barrel) | $ / bbl 90.00  
Oil Swap 7 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Oil (in barrels) | bbl 180,000  
Fixed Price (in dollars per barrel) | $ / bbl 65.00  
Oil Swap 8 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Oil (in barrels) | bbl 180,000  
Fixed Price (in dollars per barrel) | $ / bbl 64.93  
Oil Swap 9 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Oil (in barrels) | bbl 90,000  
Fixed Price (in dollars per barrel) | $ / bbl 65.00  
Oil Swap 10 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Oil (in barrels) | bbl 180,000  
Fixed Price (in dollars per barrel) | $ / bbl 65.00  
Oil Swap 11 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Oil (in barrels) | bbl 180,000  
Fixed Price (in dollars per barrel) | $ / bbl 64.93  
Oil Swap 12 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Oil (in barrels) | bbl 90,000  
Fixed Price (in dollars per barrel) | $ / bbl 65.30  
Open Commodity Swap 1 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Volumes | bbl 1,350,000  
Weighted Average Price (in dollars per barrel) | $ / bbl 73.33  
Open Commodity Swap 2 [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Volumes | bbl 0  
Weighted Average Price (in dollars per barrel) | $ / bbl 0.00