NOTE 10. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) |
12 Months Ended | |
---|---|---|
Dec. 31, 2014
USD ($)
bbl
|
Dec. 31, 2013
USD ($)
bbl
|
|
Oil and Gas Exploration and Production Industries Disclosures [Abstract] | ||
Costs Incurred, Development Costs | $ | $ 675,426 | $ 756,219 |
Development Wells Drilled, Net Productive | 7 | |
Proved Developed and Undeveloped Reserves, Net, Period Increase (Decrease) | 8,096 | |
Proved Developed and Undeveloped Reserves, Revisions of Previous Estimates | 83,396 | (8,537) |
Productive Oil Wells, Number of Wells, Net | 5 | |
Proved Developed Reserves Converted From Proved Undeveloped Reserves Volume | 57,296 | |
Fair Value Inputs, Discount Rate | 10.00% | 10.00% |
X | ||||||||||
- Definition The volume increase of proved developed reserves from the conversion of proved undeveloped reserves. No definition available.
|
X | ||||||||||
- Definition Development costs incurred, including capitalized costs and costs charged to expense, in oil and gas activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of productive developmental wells drilled in the geographic area. A productive well is a well that is not a dry well. The number of wells drilled refers to the number of wells (holes) completed at any time during the fiscal years, regardless when drilling was initiated. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The total number of producing oil wells and oil wells capable of production, in which the entity owns a fractional working interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Volume increase (decrease) of proved reserves of oil and gas. No definition available.
|
X | ||||||||||
- Definition Revisions represent changes in previous estimates of proved reserves, either upward or downward, resulting from new information (except for an increase in proved acreage) normally obtained from development drilling and production history or resulting from change in economic factors. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|