NOTE 10. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) - Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure (USD $)
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Dec. 31, 2014
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Dec. 31, 2013
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Capitalized costs | ||
Unevaluated properties | $ 0us-gaap_CapitalizedCostsUnprovedProperties | $ 0us-gaap_CapitalizedCostsUnprovedProperties |
Evaluated properties | 3,715,779us-gaap_CapitalizedCostsProvedProperties | 2,954,854us-gaap_CapitalizedCostsProvedProperties |
3,715,779us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross | 2,954,854us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross | |
Less: Accumulated DD&A | (251,185)us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities | (102,091)us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities |
Net capitalized costs | $ 3,464,594us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet | $ 2,852,763us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet |
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- Details
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- Definition
Amount of accumulated depreciation, depletion, amortization and valuation allowance relating to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The sum of capitalized costs relating to oil and gas producing activities before accounting for accumulated depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Net amount of capitalized costs relating to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Capitalized costs of proved properties incurred for any combination mineral interests acquisitions; wells and related equipment; support equipment and facilities; and uncompleted wells and equipment and other costs not previously disclosed within this table. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Capitalized costs of unproved properties incurred for any combination mineral interests acquisitions and other costs not previously disclosed within this table. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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