Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT ACCOUNTING POLICIES - Capitalized Costs (Details)

v3.8.0.1
SIGNIFICANT ACCOUNTING POLICIES - Capitalized Costs (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Full Cost Method [Abstract]        
Capitalized Certain Payroll and Other Internal Costs $ 201,875 $ 239,132 $ 647,519 $ 1,674,015
Capitalized Interest Costs 36,919 79,805 108,687 289,409
Total 238,794 318,937 $ 756,206 1,963,424
Minimum percentage of proved reserves sold to be considered a significant alteration     25.00%  
Discount rate     10.00%  
Impairment of Oil and Natural Gas Properties 0 43,820,791 $ 0 237,012,834
Capitalized costs related to expired leases subject to depletion $ 5,100,000 $ 5,200,000 $ 14,800,000 $ 10,500,000