Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Details)

v3.8.0.1
FAIR VALUE (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)
Sep. 30, 2017
Dec. 31, 2016
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 and collars) $ 0 $ 0
Commodity Derivatives – Noncurrent Asset (crude oil swaps and collars) 0  
Commodity Derivatives – Current Liabilities (crude oil swaps and collars) 0  
Commodity Derivatives – Noncurrent Liabilities (crude oil swaps)   0
Total 0 0
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 and collars) 2,622,120 4,517
Commodity Derivatives – Noncurrent Asset (crude oil swaps and collars) 817,418  
Commodity Derivatives – Current Liabilities (crude oil swaps and collars) (4,741) (10,001,564)
Commodity Derivatives – Noncurrent Liabilities (crude oil swaps)   (1,738,329)
Total 3,434,797 (11,735,376)
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 and collars) 0 0
Commodity Derivatives – Noncurrent Asset (crude oil swaps and collars) 0  
Commodity Derivatives – Current Liabilities (crude oil swaps and collars) 0  
Commodity Derivatives – Noncurrent Liabilities (crude oil swaps)   0
Total $ 0 $ 0