Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS AND PRICE RISK MANAGEMENT (Details)

v3.8.0.1
DERIVATIVE INSTRUMENTS AND PRICE RISK MANAGEMENT (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
$ / bbl
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
$ / bbl
bbl
Sep. 30, 2016
USD ($)
Non-cash gains or losses on derivative contracts [Abstract]        
Cash Received (Paid) on Derivatives | $ $ 3,395,117 $ 9,027,150 $ 5,640,488 $ 54,457,800
Non-Cash Gain (Loss) on Derivatives | $ (16,058,370) (5,645,586) 15,170,174 (58,135,302)
Gain (Loss) on Derivative Instruments, Net | $ $ (12,663,253) $ 3,381,564 $ 20,810,662 $ (3,677,502)
Oil Swap 1 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     90,000  
Fixed Price (in dollars per barrel) 54.20   54.20  
Oil Swap 2 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     60,000  
Fixed Price (in dollars per barrel) 53.25   53.25  
Oil Swap 3 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     92,000  
Fixed Price (in dollars per barrel) 54.10   54.10  
Oil Swap 4 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     120,000  
Fixed Price (in dollars per barrel) 52.75   52.75  
Oil Swap 5 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     60,000  
Fixed Price (in dollars per barrel) 52.75   52.75  
Oil Swap 6 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     60,000  
Fixed Price (in dollars per barrel) 53.50   53.50  
Oil Swap 7 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     30,000  
Fixed Price (in dollars per barrel) 54.60   54.60  
Oil Swap 8 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     60,000  
Fixed Price (in dollars per barrel) 51.75   51.75  
Oil Swap 9 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     60,000  
Fixed Price (in dollars per barrel) 53.75   53.75  
Oil Swap 10 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     160,000  
Fixed Price (in dollars per barrel) 50   50  
Oil Swap 11 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     160,000  
Fixed Price (in dollars per barrel) 50.05   50.05  
Oil Swap 12 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     160,000  
Fixed Price (in dollars per barrel) 50   50  
Oil Swap 13 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     160,000  
Fixed Price (in dollars per barrel) 50.18   50.18  
Oil Swap 14 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     270,000  
Fixed Price (in dollars per barrel) 54.00   54.00  
Oil Swap 15 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     270,000  
Fixed Price (in dollars per barrel) 54.00   54.00  
Oil Swap 16 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     273,000  
Fixed Price (in dollars per barrel) 55.20   55.20  
Oil Swap 17 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     180,000  
Fixed Price (in dollars per barrel) 53.30   53.30  
Oil Swap 18 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     180,000  
Fixed Price (in dollars per barrel) 52.25   52.25  
Oil Swap 19 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     180,000  
Fixed Price (in dollars per barrel) 52   52  
Oil Swap 20 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     180,000  
Fixed Price (in dollars per barrel) 52.75   52.75  
Oil Swap 21 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     92,000  
Fixed Price (in dollars per barrel) 53.08   53.08  
Oil Swap 22 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     92,000  
Fixed Price (in dollars per barrel) 53.50   53.50  
Open Commodity Swap 1 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     632,000  
Weighted Average Price (in dollars per barrel) 53.36   53.36  
Open Commodity Swap 2 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     2,357,000  
Weighted Average Price (in dollars per barrel) 52.58   52.58  
Costless Collar 1 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     45,000  
Costless Collar 2 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     30,000  
Costless Collar 3 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     360,000  
Open Commodity Swap 3 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Oil (in barrels) | bbl     0  
Weighted Average Price (in dollars per barrel) 0.00   0.00  
Minimum [Member] | Costless Collar 1 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Fixed Price (in dollars per barrel) 50.00   50.00  
Minimum [Member] | Costless Collar 2 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Fixed Price (in dollars per barrel) 50.00   50.00  
Minimum [Member] | Costless Collar 3 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Fixed Price (in dollars per barrel) 50.00   50.00  
Maximum [Member] | Costless Collar 1 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Fixed Price (in dollars per barrel) 60.00   60.00  
Maximum [Member] | Costless Collar 2 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Fixed Price (in dollars per barrel) 60.15   60.15  
Maximum [Member] | Costless Collar 3 [Member]        
Non-cash gains or losses on derivative contracts [Abstract]        
Fixed Price (in dollars per barrel) 60.25   60.25