Evolution Petroleum (EPM) 10-Q 8 May 15 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Mar. 31, 2015	5-May-15
Document and Entity Information
Entity Registrant Name	EVOLUTION PETROLEUM CORP
Entity Central Index Key	1006655
Current Fiscal Year End Date	-24
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		32,909,331

Consolidated_Condensed_Balance

Consolidated Condensed Balance Sheets (USD $)	Mar. 31, 2015	Jun. 30, 2014
Current assets
Cash and cash equivalents	$20,391,495	$23,940,514
Receivables	2,686,686	1,457,212
Deferred tax asset	159,624	159,624
Prepaid expenses and other current assets	650,826	747,453
Total current assets	23,888,631	26,304,803
Oil and natural gas property and equipment, net (full-cost method of accounting)	40,349,940	37,822,070
Other property and equipment, net	308,411	424,827
Total property and equipment	40,658,351	38,246,897
Other assets	662,247	464,052
Total assets	65,209,229	65,015,752
Current liabilities
Accounts payable	4,556,114	441,722
State and federal income taxes payable	116,343	0
Accrued liabilities and other	789,692	2,558,004
Total current liabilities	5,462,149	2,999,726
Long term liabilities
Deferred income taxes	10,834,844	9,897,272
Asset retirement obligations	749,252	205,512
Deferred rent	22,861	35,720
Total liabilities	17,069,106	13,138,230
Commitments and contingencies (Note 15)
Stockholders’ equity
Preferred stock, par value $0.001; 5,000,000 shares authorized:8.5% Series A Cumulative Preferred Stock, 1,000,000 shares designated, 317,319 shares issued and outstanding at March 31, 2015 and June 30, 2014 with a liquidation preference of $7,932,975 ($25.00 per share)	317	317
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 32,909,331 shares and 32,615,646 as of March 31, 2015 and June 30, 2014, respectively	32,909	32,615
Additional paid-in capital	36,489,885	34,632,377
Retained earnings	11,617,012	17,212,213
Total stockholders’ equity	48,140,123	51,877,522
Total liabilities and stockholders’ equity	$65,209,229	$65,015,752

Consolidated_Condensed_Balance1

Consolidated Condensed Balance Sheets (Parenthetical) (USD $)	9 Months Ended	12 Months Ended
	Mar. 31, 2015	Jun. 30, 2014
Preferred stock, liquidation preference (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares outstanding	32,909,331	32,615,646
Common stock, shares issued	32,909,331	32,615,646
Series A Cumulative Preferred Stock
Preferred stock, shares authorized	1,000,000	1,000,000
Cumulative Preferred Stock (as a percent)	8.50%	8.50%
Preferred stock, shares issued	317,319	317,319
Preferred stock, shares outstanding	317,319	317,319
Preferred stock, total liquidation preference (in dollars)	$7,932,975	$7,932,975
Preferred stock, liquidation preference (in dollars per share)	$25	$25

Consolidated_Condensed_Stateme

Consolidated Condensed Statements of Operations (USD $)	3 Months Ended				9 Months Ended
	Mar. 31, 2015		Mar. 31, 2014		Mar. 31, 2015		Mar. 31, 2014
Revenues
Total revenues	$7,064,689		$4,337,006		$18,777,583		$13,362,994
Operating costs
Depreciation, depletion and amortization	1,138,502		311,815		2,425,609		948,656
Accretion of discount on asset retirement obligations	10,924		9,631		23,697		34,977
General and administrative expenses	1,467,782	[1]	2,304,397	[1]	4,578,876	[1]	6,875,430	[1]
Restructuring charges	0	[2]	0	[2]	-5,431	[2]	1,332,186	[2]
Total operating costs	5,818,699		2,979,472		13,528,433		10,199,658
Income from operations	1,245,990		1,357,534		5,249,150		3,163,336
Other
Interest income	7,401		7,383		27,826		22,787
Interest (expense)	-24,625		-17,605		-55,244		-50,700
Income before income taxes	1,228,766		1,347,312		5,221,732		3,135,423
Income tax provision	494,180		423,612		2,118,218		1,148,155
Net income attributable to the Company	734,586		923,700		3,103,514		1,987,268
Dividends on preferred stock	168,575		168,575		505,726		505,726
Net income available to common stockholders	566,011		755,125		2,597,788		1,481,542
Earnings per common share
Basic (in dollars per share)	$0.02		$0.02		$0.08		$0.05
Diluted (in dollars per share)	$0.02		$0.02		$0.08		$0.05
Weighted average number of common shares
Basic (in shares)	32,861,001		32,358,163		32,789,157		30,328,344
Diluted (in shares)	32,958,218		32,732,049		32,909,981		32,503,460
Delhi field
Revenues
Total revenues	7,039,868		4,185,156		18,553,301		12,745,203
Operating costs
Production costs	2,932,946		0		5,750,812		0
Artificial lift technology
Revenues
Total revenues	24,821		151,052		203,913		483,037
Operating costs
Production costs	267,906		209,742		656,819		526,712
Other properties
Revenues
Total revenues	0		798		20,369		134,754
Operating costs
Production costs	$639		$143,887		$98,051		$481,697
[1]	General and administrative expenses for the three months ended March 31, 2015 and 2014 included non-cash stock-based compensation expense of $227,507 and $444,981, respectively. For the corresponding nine month periods, non-cash stock-based compensation expense was $715,864 and $1,134,841, respectively.
[2]	Restructuring charges for the nine months ended March 31, 2014 included non-cash stock-based compensation expense of $376,365. For the three months ended March 31, 2014, restructuring charges contained no stock-based compensation expense.

Consolidated_Condensed_Stateme1

Consolidated Condensed Statements of Operations (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Stock-based compensation expense			$715,864	$1,134,841
General and administrative expenses
Stock-based compensation expense	227,507	444,981	715,864	1,134,841
Restructuring charges
Stock-based compensation expense		$0		$376,365

Consolidated_Condensed_Stateme2

Consolidated Condensed Statements of Cash Flows (USD $)	9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities
Net income attributable to the Company	$3,103,514	$1,987,268
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization	2,462,087	980,589
Stock-based compensation	715,864	1,134,841
Stock-based compensation related to restructuring	0	376,365
Accretion of discount on asset retirement obligations	23,697	34,977
Settlements of asset retirement obligations	-223,565	-73,646
Deferred income taxes	937,572	998,367
Deferred rent	-12,859	-12,859
Changes in operating assets and liabilities:
Receivables from oil and natural gas sales	-1,007,058	88,146
Receivables other	-222,416	-3,679
Due from joint interest partner	0	70,083
Prepaid expenses and other current assets	96,627	-376,501
Accounts payable and accrued expenses	629,760	690,360
Income taxes payable	116,343	-233,548
Net cash provided by operating activities	6,619,566	5,660,763
Cash flows from investing activities
Proceeds from asset sales	389,166	542,349
Maturity of certificate of deposit	0	250,000
Capital expenditures for oil and natural gas properties	-2,432,424	-989,616
Capital expenditures for other property and equipment	-320,936	-12,793
Other assets	-183,877	-181,751
Net cash used in investing activities	-2,548,071	-391,811
Cash flows from financing activities
Proceeds on exercise of stock options	141,600	3,162,801
Cash dividends to preferred stockholders	-505,726	-505,726
Cash dividends to common stockholders	-8,192,989	-6,462,269
Stock exchanged for payroll tax liabilities	-63,556	-1,591,765
Tax benefits related to stock-based compensation	1,063,827	108,473
Deferred loan costs	-63,737	-40,334
Other	67	6,850
Net cash used in financing activities	-7,620,514	-5,321,970
Net decrease in cash and cash equivalents	-3,549,019	-53,018
Cash and cash equivalents, beginning of period	23,940,514	24,928,585
Cash and cash equivalents, end of period	20,391,495	24,875,567
Supplemental disclosures of cash flow information:
Income taxes paid	100,000	755,941
Non-cash transactions:
Change in accounts payable used to acquire property and equipment	1,877,830	-241,094
Oil and natural gas property costs incurred through recognition of asset retirement obligations	573,689	45,172
Previously acquired Company common shares swapped by holders to pay stock option exercise price	$0	$618,606

Consolidated_Condensed_Stateme3

Consolidated Condensed Statement of Changes in Stockholder's Equity (USD $)	Total	Preferred	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock
Beginning Balance at Jun. 30, 2014	$51,877,522	$317	$32,615	$34,632,377	$17,212,213	$0
Balance (in shares), beginning at Jun. 30, 2014	32,615,646	317,319	32,615,646
Issuance of restricted common stock (in shares)			213,466
Issuance of restricted common stock	67		214	-147
Exercise of stock options (in shares)			87,000
Exercise of stock options	141,600		87	141,513
Stock exchanged for payroll tax liabilities (in shares)			-6,781
Stock exchanged for payroll tax liabilities	-63,556					-63,556
Retirements of treasury stock			-7	-63,549		63,556
Stock-based compensation	715,864			715,864
Tax benefits related to stock-based compensation	1,063,827			1,063,827
Net income attributable to the Company	3,103,514				3,103,514
Common stock cash dividends	-8,192,989				-8,192,989
Preferred stock cash dividends	-505,726				-505,726
Ending Balance at Mar. 31, 2015	$48,140,123	$317	$32,909	$36,489,885	$11,617,012	$0
Balance (in shares), ending at Mar. 31, 2015	32,909,331	317,319	32,909,331

Organization_and_Basis_of_Prep

Organization and Basis of Preparation	9 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Preparation	Organization and Basis of Preparation
	Nature of Operations.  Evolution Petroleum Corporation ("EPM") and its subsidiaries (the "Company", "we", "our" or "us"), is an independent petroleum company headquartered in Houston, Texas and incorporated under the laws of the State of Nevada. We are engaged primarily in the development of incremental oil and gas reserves within known oil and gas resources for our shareholders and customers utilizing conventional and proprietary technology.
	Interim Financial Statements.  The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the appropriate rules and regulations of the Securities and Exchange Commission (“SEC”).  Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations.  All adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the interim periods presented have been included.  The interim financial information and notes hereto should be read in conjunction with the Company’s 2014 Annual Report on Form 10-K for the fiscal year ended June 30, 2014, as filed with the SEC. The results of operations for interim periods are not necessarily indicative of results to be expected for a full fiscal year.
	Principles of Consolidation and Reporting.  Our consolidated financial statements include the accounts of EPM and its wholly-owned subsidiaries. All significant intercompany transactions have been eliminated in consolidation. The consolidated financial statements for the previous year include certain reclassifications that were made to conform to the current presentation. Such reclassifications have no impact on previously reported net income or stockholders' equity.
	Use of Estimates.  The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates include reserve quantities and estimated future cash flows associated with proved reserves, which significantly impact depletion expense and potential impairments of oil and natural gas properties, income taxes and the valuation of deferred tax assets, stock-based compensation and commitments and contingencies. We analyze our estimates based on historical experience and various other assumptions that we believe to be reasonable. While we believe that our estimates and assumptions used in preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates.

Receivables

Receivables	9 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Receivables	Receivables
	As of March 31, 2015 and June 30, 2014 our receivables consisted of the following:
		March 31,		June 30,
		2015		2014
	Receivables from oil and gas sales	$	2,463,204	$	1,456,146
	Receivable from insurer recovering litigation costs	206,895		—
	Other	16,587		1,066
	Total receivables	$	2,686,686	$	1,457,212

Prepaid_Expenses_and_Other_Cur

Prepaid Expenses and Other Current Assets	9 Months Ended
	Mar. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets
	As of March 31, 2015 and June 30, 2014 our prepaid expenses and other current assets consisted of the following:
		March 31,		June 30,
		2015		2014
	Prepaid insurance	$	93,497	$	169,288
	Equipment inventory	34,984		85,888
	Prepaid other	63,634		42,800
	Retainers and deposits	26,978		29,478
	Prepaid federal and Louisiana income taxes	431,733		419,999
	Prepaid expenses and other current assets	$	650,826	$	747,453

Property_and_Equipment

Property and Equipment	9 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment
	As of March 31, 2015 and June 30, 2014 our oil and natural gas properties and other property and equipment consisted of the following:
		March 31,			June 30,
		2015			2014
	Oil and natural gas properties
	Property costs subject to amortization	$	51,722,157		$	47,166,282
	Less: Accumulated depreciation, depletion, and amortization	(11,372,217		)	(9,344,212		)
	Unproved properties not subject to amortization	—			—
	Oil and natural gas properties, net	$	40,349,940		$	37,822,070
	Other property and equipment
	Furniture, fixtures and office equipment, at cost	$	288,732		$	343,178
	Artificial lift technology equipment, at cost	330,525			377,943
	Less: Accumulated depreciation	(310,846		)	(296,294		)
	Other property and equipment, net	$	308,411		$	424,827
	During the nine months ended ended March 31, 2015, we incurred $225,883 of costs related to the installation of our artificial lift technology, GARP®, on the remaining two wells of a five-well program for a third-party customer. Under the contract for these installations, we fund the majority of the incremental equipment and installation costs and will receive 25% of the net profits from production, as defined, for as long as the technology remains in the wells. We are depreciating these costs using a method and a life which approximates the timing and amounts of our expected net revenues from the wells. During the nine months ended March 31, 2015, we recorded additional depreciation of $273,301 reflecting the impairment of unrecovered installation costs of artificial lift equipment, net of estimated residual salvage value, which had been removed from three wells of a third-party customer. Artificial lift equipment cost and corresponding accumulated depreciation have both been reduced by the $273,301 impairment.

Other_Assets_Other_Assets

Other Assets Other Assets	9 Months Ended
	Mar. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets
	As of March 31, 2015 and June 30, 2014 our other assets consisted of the following:
		March 31,			June 30,
		2015			2014
	Trademarks	$	43,333		$	40,928
	Patent costs	487,064			305,592
	Less: Accumulated amortization of patent costs	(39,992		)	(27,050		)
	Deferred loan costs	306,740			243,003
	Less: Accumulated amortization of deferred loan costs	(134,898		)	(98,421		)
	Other assets, net	$	662,247		$	464,052

Accrued_Liabilities_and_Other

Accrued Liabilities and Other	9 Months Ended
	Mar. 31, 2015
Other Liabilities, Current [Abstract]
Accrued Liabilities and Other	Accrued Liabilities and Other
	As of March 31, 2015 and June 30, 2014 our other current liabilities consisted of the following:
		March 31,		June 30,
		2015		2014
	Accrued incentive and other compensation	$	566,465	$	1,358,653
	Accrued restructuring charges	—		530,412
	Officer retirement costs	—		288,258
	Asset retirement obligations due within one year	10,219		146,703
	Accrued royalties	69,344		89,179
	Accrued franchise taxes	94,473		87,575
	Other accrued liabilities	49,191		57,224
	Accrued liabilities and other	$	789,692	$	2,558,004

Restructuring

Restructuring	9 Months Ended
	Mar. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring
	On November 1, 2013, we undertook an initiative to refocus our business to GARP® development that resulted in an
	adjustment of our workforce with less emphasis on oil and gas operations and greater emphasis on sales and marketing. In exchange for severance and non-compete agreements with the terminated employees, we recorded a restructuring charge of approximately $1,332,186 representing $376,365 of stock-based compensation from the accelerated vesting of equity awards and $955,821 of severance compensation and benefits to be paid during the twelve months ended December 31, 2014.  All of the Company's obligations under these agreements had been fulfilled at December 31, 2014, extinguishing the liability. Our disposition of the accrued restructuring charges is as follows:
	Type of Cost	Balance at		Payments			Adjustment to Cost			Balance at
		December 31,								December 31,
		2013								2014
	Salary continuation liability	$	615,721	$	(615,721	)	$	—		$	—
	Incentive compensation costs	185,525		(185,525		)	—			—
	Other benefit costs and employer taxes	154,575		(110,144		)	(44,431		)	—
	Accrued restructuring charges	$	955,821	$	(911,390	)	$	(44,431	)	$	—

Asset_Retirement_Obligations

Asset Retirement Obligations	9 Months Ended
	Mar. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	Asset Retirement Obligations
	Our asset retirement obligations represent the estimated present value of the amount we will incur to plug, abandon and
	remediate our producing properties at the end of their productive lives in accordance with applicable laws. The following is a
	reconciliation of the beginning and ending asset retirement obligations for the nine months ended March 31, 2015, and for the year ended June 30, 2014:
		Nine Months Ended			Year Ended
		March 31, 2015			June 30,
					2014
	Asset retirement obligations — beginning of period	$	352,215		$	615,551
	Liabilities sold	(52,526		)	(48,273		)
	Liabilities incurred (a)	564,019			—
	Liabilities settled	(137,604		)	(323,665		)
	Accretion of discount	23,697			41,626
	Revision of previous estimates	9,670			66,976
	Less obligations due within one year	(10,219		)	(146,703		)
	Asset retirement obligations — end of period	$	749,252		$	205,512
	(a) Liabilities incurred during the period relate to our share of the the estimated abandonment costs of the wells and facilities in the Delhi field subsequent to the reversion of our working interest.

Stockholders_Equity

Stockholders' Equity	9 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity
	Common Stock
	Commencing in December 2013, the Board of Directors initiated a quarterly cash dividend on our common stock at a quarterly rate of $0.10 per share and subsequently adjusted this rate to $0.05 per share during the quarter ended March 31, 2015. During the nine months ended March 31, 2015, the Company declared three quarterly dividends and paid $8,192,989 to its common stockholders.
	For the nine months ended March 31, 2015, the Board of Directors authorized the issuance of 144,468 shares of restricted common stock from the 2004 Stock Plan to all employees as a long-term incentive award. In addition, the Board authorized the issuance of 43,258 shares of restricted common stock to various employees for incentive compensation purposes and issued 25,740 shares of restricted common stock as compensation to the Company's directors. See Note 10 - Stock-Based Incentive Plan.
	Series A Cumulative Perpetual Preferred Stock
	At March 31, 2015, there were 317,319 shares of the Company’s 8.5% Series A Cumulative (perpetual) Preferred Stock outstanding.  The Series A Cumulative Preferred Stock cannot be converted into our common stock and there are no sinking fund or redemption rights available to the holders thereof. Optional redemption can only be made by us on or after July 1, 2014 for the stated liquidation value of $25.00 per share plus accrued dividends.  With respect to dividend rights and rights upon our liquidation, winding-up or dissolution, the Series A Preferred Stock ranks senior to our common stockholders, but subordinate to any of our existing and future debt.  Dividends on the Series A Cumulative Preferred Stock accrue and accumulate at a fixed rate of 8.5% per annum on the $25.00 per share liquidation preference, payable monthly at $0.177083 per share, as, if and when declared by our Board of Directors through its Dividend Committee. We paid dividends of $505,726 and $505,726 to holders of our Series A Preferred Stock during the nine months ended March 31, 2015 and 2014, respectively.
	Expected Tax Treatment of Dividends
	For the fiscal year ended June 30, 2014, cash dividends on preferred and common stock were treated for tax purposes as a return of capital to our stockholders. Based on our current projections for the fiscal year ending June 30, 2015, we expect preferred dividends will be treated as qualified dividend income and that a portion of our cash dividends on common stock will be treated as a return of capital and the remainder as qualified dividend income. We will make a preliminary determination regarding the tax treatment of dividends for the current fiscal year when we report this information to recipients. As a result of the difference between our June 30 fiscal year and the calendar year basis of our dividend reporting requirements, it is possible that we will be required to amend these reports when our final taxable income for the fiscal year is determined, as this will potentially affect the tax status of our dividends.

StockBased_Incentive_Plan

Stock-Based Incentive Plan	9 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Incentive Plan	Stock-Based Incentive Plan
	We may grant option awards to purchase common stock (the "Stock Options"), restricted common stock awards ("Restricted Stock"), and unrestricted fully vested common stock, to employees, directors, and consultants of the Company under the Evolution Petroleum Corporation Amended and Restated 2004 Stock Plan (the "Plan"). The Plan authorizes the issuance of 6,500,000 shares of common stock and 542,529 shares remain available for grant as of March 31, 2015.
	Stock Options
	No Stock Options have been granted since August 2008 and all compensation costs attributable to Stock Options have been recognized in prior periods.
	The following summary presents information regarding outstanding Stock Options as of March 31, 2015, and the changes during the fiscal year:
		Number of Stock		Weighted Average		Aggregate		Weighted
		Options		Exercise Price		Intrinsic Value		Average
		and Incentive				-1		Remaining
		Warrants						Contractual
								Term (in
								years)
	Stock Options outstanding at July 1, 2014	178,061		$	2.08
	Exercised	(87,000	)	1.63
	Stock Options outstanding at March 31, 2015	91,061		2.5		$	313,720	1.6
	Vested or expected to vest at March 31, 2015	91,061		2.5		313,720		1.6
	Exercisable at March 31, 2015	91,061		$	2.5	$	313,720	1.6
	(1) Based upon the difference between the market price of our common stock on the last trading date of the period ($5.95 as of March 31, 2015) and the Stock Option exercise price of in-the-money Stock Options.
	Restricted Stock and Contingent Restricted Stock
	Prior to August 28, 2014 all restricted stock grants contained a four-year vesting period based solely on service. Restricted Stock which vests based solely on service is valued at the fair market value on the date of grant and amortized over the service period.
	During the nine months ended March 31, 2015, the Company awarded grants of both Restricted Stock and contingent Restricted Stock as part of its long-term incentive plan. Such grants, which expire after four years if unvested, contain service-based, performance-based and market-based vesting provisions. The common shares underlying the Restricted Stock grants were issued on the date of grant, whereas the contingent Restricted Stock will be issued only upon the attainment of specified performance-based or market-based vesting provisions.
	Performance-based grants vest upon the attainment of earnings, revenue and other operational goals and require that the recipient remain an employee of the Company upon vesting. The Company recognizes compensation expense for performance-based awards ratably over the expected vesting period when it is deemed probable, for accounting purposes, that the performance criteria will be achieved. The expected vesting period may be deemed to be shorter than the remainder of the four- year term. As of March 31, 2015, the Company does not consider the vesting of these performance-based grants to be probable and no compensation expense has been recognized.
	Market-based awards entitle employees to vest in a fixed number of shares when the three-year trailing total return on the Company’s common stock exceeds the corresponding total returns of various quartiles of companies comprising the SIG Exploration and Production Index (NASDAQ EPX) during defined measurement periods. The fair value and expected vesting period of these awards were determined using a Monte Carlo simulation based on the historical volatility of the Company's total return compared to the historical volatilities of the other companies in the index. Fair values for these market-based awards ranged from $4.26 to $8.40 with expected vesting periods of 3.30 to 2.55 years, based on the various quartiles of comparative market performance. Compensation expense for market-based awards is recognized over the expected vesting period using the straight-line method, so long as the award holder remains an employee of the Company. Total compensation expense is based on the fair value of the awards at the date of grant and is independent of vesting or expiration of the awards, except for termination of service.
	The following table sets forth the Restricted Stock transactions for the nine months ended March 31, 2015:
		Number of		Weighted		Unamortized Compensation Expense at March 31, 2015 (1)		Weighted Average Remaining Amortization Period (Years)
		Restricted		Average
		Shares		Grant-Date
				Fair Value
	Unvested at July 1, 2014	140,067		$	8.7
	Service-based awards granted	100,910		9.53
	Performance-based awards granted	76,642		10.05
	Market-based awards granted	35,914		7.59
	Vested	(77,920	)	8.48
	Forfeited	—		—
	Unvested at March 31, 2015	275,613		$	9.3	$	1,528,996	2.5
	(1) Excludes $770,252 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.
	The following table summarizes contingent Restricted Stock activity:
		Number of		Weighted		Unamortized Compensation Expense at March 31, 2015 (1)		Weighted Average Remaining Amortization Period (Years)
		Restricted		Average
		Stock Units		Grant-Date
				Fair Value
	Unvested at July 1, 2014	—		—
	Performance-based awards granted	38,325		$	10.05
	Market-based awards granted	17,961		4.26
	Unvested at March 31, 2015	56,286		$	8.2	$	62,787	2.7
	(1) Excludes $385,166 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.
	Stock-based compensation expense related to Restricted Stock and contingent Restricted Stock grants for the three months ended March 31, 2015 and 2014 was $242,835 and $444,981, respectively. Stock-based compensation expense related to Restricted Stock and contingent Restricted Stock grants for the Stock-based compensation expense related to Restricted Stock and contingent Restricted Stock grants for the nine months ended March 31, 2015 and 2014 was $731,192 and $1,134,841, respectively. For the nine months ended March 31, 2015, this expense includes $15,328 for cash dividends paid on unvested, "not probable" performance-based awards which are not being amortized to expense. Recipients are not required to return dividend payments to the Company if the awarded Restricted Stock never vests. See Note 7 – Restructuring, for stock compensation included in Restructuring Charges recorded at December 31, 2014.

Fair_Value_Measurement_Fair_Va

Fair Value Measurement Fair Value Measurement	9 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement
	Accounting guidelines for measuring fair value establish a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy categorizes assets and liabilities measured at fair value into one of three different levels depending on the observability of the inputs employed in the measurement.
	The three levels are defined as follows:
	Level 1 — Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.
	Level 2 — Other inputs that are observable directly or indirectly such as quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability.
	Level 3 — Unobservable inputs for which there is little or no market data and which the Company makes its own assumptions about how market participants would price the assets and liabilities.
	Fair Value of Financial Instruments.  The Company’s other financial instruments consist of cash and cash equivalents, certificates of deposit, receivables and payables. The carrying amounts of cash and cash equivalents, receivables and payables approximate fair value due to the highly liquid or short-term nature of these instruments.
	Other Fair Value Measurements.  The initial measurement of asset retirement obligations at fair value is calculated using discounted future cash flows of internally estimated costs. Significant Level 3 inputs used in the calculation of asset retirement obligations include the costs of plugging and abandoning wells, surface restoration and reserve lives. Subsequent to initial recognition, revisions to estimated asset retirement obligations are made when changes occur for input values, which we review quarterly.

Income_Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	We file a consolidated federal income tax return in the United States and various combined and separate filings in several state and local jurisdictions.
	There were no unrecognized tax benefits nor any accrued interest or penalties associated with unrecognized tax benefits during the nine months ended March 31, 2015.  We believe we have appropriate support for the income tax positions taken and to be taken on our tax returns and that the accruals for tax liabilities are adequate for all open years based on our assessment of many factors including past experience and interpretations of tax law applied to the facts of each matter. The Company’s federal and state income tax returns are open to audit under the statute of limitations for the years ending June 30, 2010 through June 30, 2014.
	Our effective tax rate for any period may differ from the statutory federal rate due to (i) our state income tax liability in Louisiana; (ii) stock-based compensation expense related to qualified incentive stock option awards (“ISO awards”), which creates a permanent tax difference for financial reporting, as these types of awards, if certain conditions are met, are not deductible for federal tax purposes; and (iii) statutory percentage depletion, which may create a permanent tax difference for financial reporting.
	Based on the carryback of tax losses resulting from the exercise of stock options and incentive warrants in fiscal 2014, we filed a request for refund of cash taxes paid in Louisiana for the previous three fiscal years totaling approximately $1.5 million. This refund request is subject to final approval by the Louisiana tax authorities and we cannot be certain of the timing or amount of the ultimate recovery. This carryback will utilize approximately $19.1 million of an estimated $24.2 million net loss for state tax purposes, with $5.1 million of tax loss carryforwards remaining for Louisiana tax purposes. When received, this refund will not affect our tax provision for financial reporting purposes. We will recognize the benefit as an increase in additional paid-in capital.
	We recognized income tax expense of $2,118,218 and $1,148,155 for the nine months ended March 31, 2015 and 2014, respectively, with corresponding effective rates of 40.6% and 36.6%.

Net_Income_Per_Share

Net Income Per Share	9 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Net Income Per Share	Net Income Per Share
	The following table sets forth the computation of basic and diluted income (loss) per share:
		Three Months Ended March 31,				Nine Months Ended March 31,
		2015		2014		2015		2014
	Numerator
	Net income available to common shareholders	$	566,011	$	755,125	$	2,597,788	$	1,481,542
	Denominator
	Weighted average number of common shares — Basic	32,861,001		32,358,163		32,789,157		30,328,344
	Effect of dilutive securities:
	Contingent restricted stock grants	5,954		—		3,568		—
	Stock options	91,263		373,886		117,256		2,175,116
	Weighted average number of common shares and dilutive potential common shares used in diluted EPS	32,958,218		32,732,049		32,909,981		32,503,460
	Net income per common share — Basic	$	0.02	$	0.02	$	0.08	$	0.05
	Net income per common share — Diluted	$	0.02	$	0.02	$	0.08	$	0.05
	Outstanding potentially dilutive securities as of March 31, 2015 were as follows:
	Outstanding Potential Dilutive Securities	Weighted		At March 31, 2015
		Average
		Exercise Price
	Contingent Restricted Stock grants	—		56,286
	Stock Options	$	2.5	91,061
		$	1.55	147,347
	Outstanding potentially dilutive securities as of March 31, 2014 were as follows:
	Outstanding Potential Dilutive Securities	Weighted		At March 31, 2014
		Average
		Exercise Price
	Stock options	$	2.02	228,061

Unsecured_Revolving_Credit_Agr

Unsecured Revolving Credit Agreement	9 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Unsecured Revolving Credit Agreement	Unsecured Revolving Credit Agreement
	On February 29, 2012, EPM entered into a credit agreement (the “Credit Agreement”) with Texas Capital Bank, N.A. (the “Lender”).  The Credit Agreement provides us with a revolving credit facility (the “facility”) in an amount up to $50,000,000 with availability governed by an Initial Borrowing Base of $5,000,000.  A portion of the facility not in excess of $1,000,000 is available for the issuance of letters of credit.
	The facility is unsecured and has a term of four years, expiring on February 29, 2016.  Our subsidiaries guarantee EPM’s obligations under the facility.  We may use the proceeds of any loans under the facility for the acquisition and development of oil and gas properties, as defined in the facility, the issuance of letters of credit, and for working capital and general corporate purposes.
	Semi-annually, the borrowing base and a monthly reduction amount are re-determined from our reserve reports.  Requests by the Company to increase the $5,000,000 initial amount are subject to the Lender’s credit approval process, and are also limited to 25% of the value of our oil and gas properties, as defined in the Credit Agreement.
	At our option, borrowings under the facility bear interest at a rate of either (i) an Adjusted LIBOR rate (LIBOR rate divided by the remainder of 1 less the Lender’s Regulation D reserve requirement), or (ii) an adjusted Base Rate equal to the greater of the Lender’s prime rate or the sum of 0.50% and the Federal Funds Rate. A maximum of three LIBOR based loans can be outstanding at any time.  Allowed loan interest periods are one, two, three and six months.  LIBOR interest is payable at the end of the interest period except for six-month loans for which accrued interest is payable at three months and at end of term.  Base Rate interest is payable monthly.  Letters of credit bear fees reflecting 3.5% per annum rate applied to their principal amounts and are due when transacted.  The maximum term of letters of credit is one year.
	A commitment fee of 0.50% per annum accrues on unutilized availability and is payable quarterly.  We are responsible for certain administrative expenses of the Lender over the life of the Credit Agreement as well as $50,000 in loan costs incurred upon closing.
	The Credit Agreement also contains financial covenants including a requirement that we maintain a current ratio of not less than 1.5 to 1; a ratio of total funded Indebtedness to EBITDA of not more than 2.5 to 1, and a ratio of EBITDA to interest expense of not less than 3 to 1.  The agreement specifies certain customary covenants, including restrictions on the Company and its subsidiaries from pledging their assets, incurring defined Indebtedness outside of the facility other that permitted indebtedness, and it restricts certain asset sales.  Payments of dividends for the Series A Preferred are only restricted by the EBITDA to interest coverage ratio, wherein Series A dividends are a 1X deduction from EBITDA (as opposed to a 3:1 requirement if dividends were treated as interest expense).  The Credit Agreement contains customary events of default. If an event of default occurs and is continuing, the Lender may declare all amounts outstanding under the Credit Agreement, if any, to be immediately due and payable.
	As of March 31, 2015, the Company had no borrowings and no outstanding letters of credit issued under the facility, resulting in an available borrowing base capacity of $5,000,000, and we are in compliance with all the covenants of the Credit Agreement. During May 2014, the Credit Agreement was amended to permit the payment of cash dividends on common stock if no borrowings are outstanding at the time of such payment.
	In connection with this agreement we incurred $179,468 of debt issuance costs, which have been capitalized in Other Assets and are being amortized on a straight-line basis over the term of the agreement. The unamortized balance in debt issuance costs related to the Credit Agreement was $44,570 as of March 31, 2015. The Company is in discussions with the Lender to replace the unsecured Credit Agreement with an expanded secured facility. As of March 31, 2015, the Company had incurred approximately $127,272 in legal and title costs related to this proposed agreement, which are also capitalized in Other Assets.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies
	We are subject to various claims and contingencies in the normal course of business. In addition, from time to time, we receive communications from government or regulatory agencies concerning investigations or allegations of noncompliance with laws or regulations in jurisdictions in which we operate. At a minimum we disclose such matters if we believe it is reasonably possible that a future event or events will confirm a loss through impairment of an asset or the incurrence of a liability. We accrue a loss if we believe it is probable that a future event or events will confirm a loss and we can reasonably estimate such loss and we do not accrue future legal costs related to that loss. Furthermore, we will disclose any matter that is unasserted if we consider it probable that a claim will be asserted and there is a reasonable possibility that the outcome will be unfavorable. We expense legal defense costs as they are incurred.
	The Company and its wholly-owned subsidiary NGS Sub Corp. are defendants in a lawsuit brought by John C. McCarthy et al in the fifth District Court of Richland Parish, Louisiana in July 2011. The plaintiffs alleged, among other claims, that we fraudulently and wrongfully purchased plaintiffs’ income royalty rights in the Delhi Field Unit in the Holt-Bryant Reservoir in May 2006. The plaintiffs are seeking cancellation of the transaction and monetary damages. On March 29, 2012, the Fifth District Court dismissed the case against the Company and NGS Sub Corp. The Court found that plaintiffs had “no cause of action” under Louisiana law, assuming that the Plaintiffs’ claims were valid on their face. Plaintiffs filed an appeal and the Louisiana Second Circuit Court of Appeal affirmed the dismissal, but allowed the plaintiffs to amend their petition to state a different possible cause of action. The plaintiffs amended their claim and re-filed with the district court. We subsequently filed a second motion pleading “no cause of action,” with which the district court again agreed and dismissed the plaintiffs’ case on September 23, 2013. Plaintiffs again filed an appeal in November 2013. In October 2014, the appellate court reversed the district court. We subsequently filed for a rehearing which was denied. We now have filed an Application for Writ of Review in the Louisiana Supreme Court in which we have asked the Louisiana Supreme Court to reverse the appellate court and reinstate the trial court judgment dismissing plaintiffs’ case. Amicus Curiae Briefs have been filed in support of the writ application by the Louisiana Oil & Gas Association, the Louisiana Mid-Continent Oil and Gas Association and the American Association of Professional Landmen. The Application for Writ of Review was unanimously accepted by the Louisiana Supreme Court, our brief and supporting Amicus Curiae Briefs have been filed and oral arguments are expected to be scheduled in the near term.
	As previously reported, on August 23, 2012, we and our wholly-owned subsidiary, NGS Sub Corp., and Robert S. Herlin, our Chief Executive Officer, were served with a lawsuit filed in federal court by James H. and Kristy S. Jones (the “Jones lawsuit”) in the Western District Court of the Monroe Division, Louisiana. The plaintiffs alleged primarily that we (defendants) wrongfully purchased the plaintiffs’ 4.8119% overriding royalty interest in the Delhi Unit in January 2006 by failing to divulge the existence of an alleged previous agreement to develop the Delhi Field for enhanced oil recovery. The plaintiffs were seeking rescission of the assignment of the overriding royalty interest and monetary damages. We believed that the claims were without merit and not timely, and we vigorously defended against the claims. We filed a motion to dismiss for failure to state a claim under Federal Rule of Civil Procedure 12(b) (6) on April 1, 2013. On September 17, 2013, the federal court in the Western District Court of the Monroe Division, Louisiana, dismissed a portion of the claims and allowed the plaintiffs to pursue the remaining portion of the claims. Our motion to dismiss was for lack of cause of action, assuming that the plaintiffs' claims were valid on their face. On September 25, 2013, plaintiff Jones filed a motion to alter or amend the September 17, 2013 judgment. On December 27, 2013, the court denied said plaintiffs’ motion, and on January 21, 2014, we filed a motion to reconsider the nondismissal of the remaining claims, which was denied. The Court entered a Scheduling Order setting trial of the case for the week of June 15, 2015. Subsequent to depositions of the plaintiffs, in late March 2015, in the United States District Court for the Western District of Louisiana Monroe Division, a joint motion to dismiss with prejudice was entered into by all parties in the lawsuit and the judge signed the judgment of dismissal with prejudice. Further, no compensation or other consideration was paid or provided to the plaintiffs by any of the defendants other than an agreement by us not to sue for malicious prosecution or defamation, or seek sanctions, and the plaintiffs agreed to relinquish any and all claims to the 4.8119% overriding royalty interest in the Delhi Unit.
	On December 13, 2013, we and our wholly-owned subsidiaries, Tertiaire Resources Company and NGS Sub. Corp., filed a lawsuit in the 133rd Judicial District Court of Harris County, Texas, against Denbury Onshore, LLC (“Denbury”) alleging breaches of certain 2006 agreements between the parties regarding the Delhi Field in Richland Parish, Louisiana. The specific allegations include improperly charging the payout account for capital expenditures and costs of capital, failure to adhere to preferential rights to participate in acquisitions within the defined area of mutual interest, breach of the promises to assume environmental liabilities and fully indemnify us from such costs, and other breaches. We also alleged that Denbury’s gross negligence caused certain environmental damage to the unit.  Specifically, we allege that Denbury failed to properly conduct CO2 injection activities. We are seeking declaration of the validity of the 2006 agreements and recovery of damages and attorneys’ fees. Denbury subsequently filed counterclaims, including the assertion that we owe Denbury additional revenue interests pursuant to the 2006 agreements and that our transfers of the reversionary interests from our wholly owned subsidiary to our parent corporation and subsequently to another wholly-owned subsidiary were not timely noticed to Denbury. We subsequently amended and expanded our claims. The Company disagrees with, and is vigorously defending against, Denbury's counterclaims.
	On January 26, 2015, Denbury notified us it had withheld and suspended 2.891545% of our overriding royalty revenue interest in the field for the months of November and December 2014. This unilateral suspension of a portion of our overriding royalties by the operator was made without consultation with the Company and, we believe, was without legal basis. On February 26, 2015, we and Denbury executed an agreement under which Denbury agreed to reverse the previously disclosed suspension of our overriding royalty interest revenues and release to Evolution amounts previously suspended totaling approximately $712,000.  Denbury further agreed not to suspend any future revenues attributable to any of our revenue interests, except under limited circumstances. This agreement did not settle any of the outstanding litigation matters with Denbury, including their counterclaim related to the net revenue interest conveyed in the 2006 Purchase and Sale Agreement.
	On December 3, 2013, our wholly owned subsidiary, NGS Sub Corp., was served with a lawsuit filed in the 8th Judicial District Court of Winn Parish, Louisiana by Cecil M. Brooks and Brandon Hawkins, residents of Louisiana, alleging that in 2006 a former subsidiary of NGS Sub Corp. improperly disposed of water from an off-lease well into a well located on the plaintiffs’ lands in Winn Parish. The plaintiffs requested monetary damages and other relief. NGS Sub Corp. divested its ownership of the property in question along with its ownership of the subsidiary in 2008 to a third party. The district court granted our exception of no right of action and dismissed Mr. Brooks' claims against NGS Sub Corp. We have denied and are vigorously defending all claims by Mr. Hawkins and do not consider the claims material to the Company.
	Lease Commitments.  We have a non-cancelable operating lease for office space that expires on August 1, 2016. Future minimum lease commitments as of March 31, 2015 under this operating lease are as follows:
	For the twelve months ended March 31,
	2016	$	159,011
	2017	53,004
	Total	$	212,015
	Rent expense for the three months ended March 31, 2015 and 2014 was $43,776 and $44,473, respectively. Rent expense for the nine months ended March 31, 2015 and 2014 was $131,327 and $131,151, respectively.
	Employment Contracts.  We have entered into employment agreements with two of the Company's senior executives. The employment contracts provide for severance payments in the event of termination by the Company for any reason other than cause or permanent disability, or in the event of a constructive termination, as defined. The agreements provide for the payment of base pay and certain medical and disability benefits for periods ranging from six months to one year after termination.  The total contingent obligation under the employment contracts as of March 31, 2015 is approximately $473,000.

Organization_and_Basis_of_Prep1

Organization and Basis of Preparation (Policies)	9 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates	Use of Estimates.  The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates include reserve quantities and estimated future cash flows associated with proved reserves, which significantly impact depletion expense and potential impairments of oil and natural gas properties, income taxes and the valuation of deferred tax assets, stock-based compensation and commitments and contingencies. We analyze our estimates based on historical experience and various other assumptions that we believe to be reasonable. While we believe that our estimates and assumptions used in preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates.

Receivables_Tables

Receivables (Tables)	9 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Schedule of Receivables	As of March 31, 2015 and June 30, 2014 our receivables consisted of the following:
		March 31,		June 30,
		2015		2014
	Receivables from oil and gas sales	$	2,463,204	$	1,456,146
	Receivable from insurer recovering litigation costs	206,895		—
	Other	16,587		1,066
	Total receivables	$	2,686,686	$	1,457,212

Prepaid_Expenses_and_Other_Cur1

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Mar. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepaid expenses and other current assets	As of March 31, 2015 and June 30, 2014 our prepaid expenses and other current assets consisted of the following:
		March 31,		June 30,
		2015		2014
	Prepaid insurance	$	93,497	$	169,288
	Equipment inventory	34,984		85,888
	Prepaid other	63,634		42,800
	Retainers and deposits	26,978		29,478
	Prepaid federal and Louisiana income taxes	431,733		419,999
	Prepaid expenses and other current assets	$	650,826	$	747,453

Property_and_Equipment_Tables

Property and Equipment (Tables)	9 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of oil and natural gas properties and other property and equipment	As of March 31, 2015 and June 30, 2014 our oil and natural gas properties and other property and equipment consisted of the following:
		March 31,			June 30,
		2015			2014
	Oil and natural gas properties
	Property costs subject to amortization	$	51,722,157		$	47,166,282
	Less: Accumulated depreciation, depletion, and amortization	(11,372,217		)	(9,344,212		)
	Unproved properties not subject to amortization	—			—
	Oil and natural gas properties, net	$	40,349,940		$	37,822,070
	Other property and equipment
	Furniture, fixtures and office equipment, at cost	$	288,732		$	343,178
	Artificial lift technology equipment, at cost	330,525			377,943
	Less: Accumulated depreciation	(310,846		)	(296,294		)
	Other property and equipment, net	$	308,411		$	424,827

Other_Assets_Tables

Other Assets (Tables)	9 Months Ended
	Mar. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other assets	As of March 31, 2015 and June 30, 2014 our other assets consisted of the following:
		March 31,			June 30,
		2015			2014
	Trademarks	$	43,333		$	40,928
	Patent costs	487,064			305,592
	Less: Accumulated amortization of patent costs	(39,992		)	(27,050		)
	Deferred loan costs	306,740			243,003
	Less: Accumulated amortization of deferred loan costs	(134,898		)	(98,421		)
	Other assets, net	$	662,247		$	464,052

Accrued_Liabilities_and_Other_

Accrued Liabilities and Other (Tables)	9 Months Ended
	Mar. 31, 2015
Other Liabilities, Current [Abstract]
Schedule of accrued liabilities	As of March 31, 2015 and June 30, 2014 our other current liabilities consisted of the following:
		March 31,		June 30,
		2015		2014
	Accrued incentive and other compensation	$	566,465	$	1,358,653
	Accrued restructuring charges	—		530,412
	Officer retirement costs	—		288,258
	Asset retirement obligations due within one year	10,219		146,703
	Accrued royalties	69,344		89,179
	Accrued franchise taxes	94,473		87,575
	Other accrued liabilities	49,191		57,224
	Accrued liabilities and other	$	789,692	$	2,558,004

Restructuring_Tables

Restructuring (Tables)	9 Months Ended
	Mar. 31, 2015
Restructuring and Related Activities [Abstract]
Schedule of current estimate of remaining accrued restructuring charges	Our disposition of the accrued restructuring charges is as follows:
	Type of Cost	Balance at		Payments			Adjustment to Cost			Balance at
		December 31,								December 31,
		2013								2014
	Salary continuation liability	$	615,721	$	(615,721	)	$	—		$	—
	Incentive compensation costs	185,525		(185,525		)	—			—
	Other benefit costs and employer taxes	154,575		(110,144		)	(44,431		)	—
	Accrued restructuring charges	$	955,821	$	(911,390	)	$	(44,431	)	$	—

Asset_Retirement_Obligations_T

Asset Retirement Obligations (Tables)	9 Months Ended
	Mar. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
Schedule of reconciliations of the beginning and ending asset retirement obligation balances	The following is a
	reconciliation of the beginning and ending asset retirement obligations for the nine months ended March 31, 2015, and for the year ended June 30, 2014:
		Nine Months Ended			Year Ended
		March 31, 2015			June 30,
					2014
	Asset retirement obligations — beginning of period	$	352,215		$	615,551
	Liabilities sold	(52,526		)	(48,273		)
	Liabilities incurred (a)	564,019			—
	Liabilities settled	(137,604		)	(323,665		)
	Accretion of discount	23,697			41,626
	Revision of previous estimates	9,670			66,976
	Less obligations due within one year	(10,219		)	(146,703		)
	Asset retirement obligations — end of period	$	749,252		$	205,512

StockBased_Incentive_Plan_Tabl

Stock-Based Incentive Plan (Tables)	9 Months Ended
	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of information regarding outstanding Stock Options and Incentive Warrants and the changes during the fiscal year	The following summary presents information regarding outstanding Stock Options as of March 31, 2015, and the changes during the fiscal year:
		Number of Stock		Weighted Average		Aggregate		Weighted
		Options		Exercise Price		Intrinsic Value		Average
		and Incentive				-1		Remaining
		Warrants						Contractual
								Term (in
								years)
	Stock Options outstanding at July 1, 2014	178,061		$	2.08
	Exercised	(87,000	)	1.63
	Stock Options outstanding at March 31, 2015	91,061		2.5		$	313,720	1.6
	Vested or expected to vest at March 31, 2015	91,061		2.5		313,720		1.6
	Exercisable at March 31, 2015	91,061		$	2.5	$	313,720	1.6
	(1) Based upon the difference between the market price of our common stock on the last trading date of the period ($5.95 as of March 31, 2015) and the Stock Option exercise price of in-the-money Stock Options.
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Restricted Stock transactions	The following table sets forth the Restricted Stock transactions for the nine months ended March 31, 2015:
		Number of		Weighted		Unamortized Compensation Expense at March 31, 2015 (1)		Weighted Average Remaining Amortization Period (Years)
		Restricted		Average
		Shares		Grant-Date
				Fair Value
	Unvested at July 1, 2014	140,067		$	8.7
	Service-based awards granted	100,910		9.53
	Performance-based awards granted	76,642		10.05
	Market-based awards granted	35,914		7.59
	Vested	(77,920	)	8.48
	Forfeited	—		—
	Unvested at March 31, 2015	275,613		$	9.3	$	1,528,996	2.5
	(1) Excludes $770,252 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.
Contingent Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Restricted Stock transactions	The following table summarizes contingent Restricted Stock activity:
		Number of		Weighted		Unamortized Compensation Expense at March 31, 2015 (1)		Weighted Average Remaining Amortization Period (Years)
		Restricted		Average
		Stock Units		Grant-Date
				Fair Value
	Unvested at July 1, 2014	—		—
	Performance-based awards granted	38,325		$	10.05
	Market-based awards granted	17,961		4.26
	Unvested at March 31, 2015	56,286		$	8.2	$	62,787	2.7
	(1) Excludes $385,166 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.

Net_Income_Per_Share_Tables

Net Income Per Share (Tables)	9 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted income per share	The following table sets forth the computation of basic and diluted income (loss) per share:
		Three Months Ended March 31,				Nine Months Ended March 31,
		2015		2014		2015		2014
	Numerator
	Net income available to common shareholders	$	566,011	$	755,125	$	2,597,788	$	1,481,542
	Denominator
	Weighted average number of common shares — Basic	32,861,001		32,358,163		32,789,157		30,328,344
	Effect of dilutive securities:
	Contingent restricted stock grants	5,954		—		3,568		—
	Stock options	91,263		373,886		117,256		2,175,116
	Weighted average number of common shares and dilutive potential common shares used in diluted EPS	32,958,218		32,732,049		32,909,981		32,503,460
	Net income per common share — Basic	$	0.02	$	0.02	$	0.08	$	0.05
	Net income per common share — Diluted	$	0.02	$	0.02	$	0.08	$	0.05
Schedule of outstanding potentially dilutive securities	Outstanding potentially dilutive securities as of March 31, 2015 were as follows:
	Outstanding Potential Dilutive Securities	Weighted		At March 31, 2015
		Average
		Exercise Price
	Contingent Restricted Stock grants	—		56,286
	Stock Options	$	2.5	91,061
		$	1.55	147,347
	Outstanding potentially dilutive securities as of March 31, 2014 were as follows:
	Outstanding Potential Dilutive Securities	Weighted		At March 31, 2014
		Average
		Exercise Price
	Stock options	$	2.02	228,061

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	9 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease commitments under the operating lease	Future minimum lease commitments as of March 31, 2015 under this operating lease are as follows:
	For the twelve months ended March 31,
	2016	$	159,011
	2017	53,004
	Total	$	212,015

Receivables_Details

Receivables (Details) (USD $)	Mar. 31, 2015	Jun. 30, 2014
Receivables [Abstract]
Receivables from oil and gas sales	$2,463,204	$1,456,146
Receivable from insurer recovering litigation costs	206,895	0
Other	16,587	1,066
Total receivables	$2,686,686	$1,457,212

Prepaid_Expenses_and_Other_Cur2

Prepaid Expenses and Other Current Assets (Details) (USD $)	Mar. 31, 2015	Jun. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid insurance	$93,497	$169,288
Equipment inventory	34,984	85,888
Prepaid other	63,634	42,800
Retainers and deposits	26,978	29,478
Prepaid federal and Louisiana income taxes	431,733	419,999
Prepaid expenses and other current assets	$650,826	$747,453

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)	9 Months Ended
	Mar. 31, 2015	Jun. 30, 2014
	well
Property, Plant and Equipment [Abstract]
Installation costs of artificial lift technology	$225,883
Wells installed with artificial lift technology, for third-party customer (total wells in the program)	2
Wells installed with artificial lift technology, for third-party customer	5
Percentage of net profits from production	25.00%
Additional depreciation	273,301
Number of wells removed and installed with artificial lift technology	3
Oil and natural gas properties
Property costs subject to amortization	51,722,157	47,166,282
Less: Accumulated depreciation, depletion, and amortization	-11,372,217	-9,344,212
Unproved properties not subject to amortization	0	0
Oil and natural gas property and equipment, net (full-cost method of accounting)	40,349,940	37,822,070
Other property and equipment
Furniture, fixtures and office equipment, at cost	288,732	343,178
Artificial lift technology equipment, at cost	330,525	377,943
Less: Accumulated depreciation	-310,846	-296,294
Other property and equipment, net	$308,411	$424,827

Other_Assets_Details

Other Assets (Details) (USD $)	Mar. 31, 2015	Jun. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Trademarks	$43,333	$40,928
Patent costs	487,064	305,592
Less: Accumulated amortization of patent costs	-39,992	-27,050
Deferred loan costs	306,740	243,003
Less: Accumulated amortization of deferred loan costs	-134,898	-98,421
Other assets, net	$662,247	$464,052

Accrued_Liabilities_and_Other_1

Accrued Liabilities and Other (Details) (USD $)	Mar. 31, 2015	Jun. 30, 2014
Other Liabilities, Current [Abstract]
Accrued incentive and other compensation	$566,465	$1,358,653
Accrued restructuring charges	0	530,412
Officer retirement costs	0	288,258
Asset retirement obligations due within one year	10,219	146,703
Accrued royalties	69,344	89,179
Accrued franchise taxes	94,473	87,575
Other accrued liabilities	49,191	57,224
Accrued liabilities and other	$789,692	$2,558,004

Restructuring_Schedule_of_Rest

Restructuring - Schedule of Restructuring Charges (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
Current estimate of remaining accrued restructuring charges
Ending Balance	$1,332,186
Salary continuation liability
Current estimate of remaining accrued restructuring charges
Beginning Balance	615,721
Payments	-615,721
Adjustment to Cost	0
Ending Balance	0
Incentive compensation costs
Current estimate of remaining accrued restructuring charges
Beginning Balance	185,525
Payments	-185,525
Adjustment to Cost	0
Ending Balance	0
Other benefit costs and employer taxes
Current estimate of remaining accrued restructuring charges
Beginning Balance	154,575
Payments	-110,144
Adjustment to Cost	-44,431
Ending Balance	0
Accrued restructuring charges
Current estimate of remaining accrued restructuring charges
Beginning Balance	955,821
Payments	-911,390
Adjustment to Cost	-44,431
Ending Balance	$0

Restructuring_Narrative_Detail

Restructuring - Narrative (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$1,332,186
Stock-based compensation from accelerated vesting
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	376,365
Accrued restructuring charges
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$0	$955,821

Asset_Retirement_Obligations_D

Asset Retirement Obligations (Details) (USD $)	3 Months Ended		9 Months Ended			12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015		Mar. 31, 2014	Jun. 30, 2014		Jun. 30, 2013
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Asset retirement obligations b beginning of period						$352,215		$615,551
Liabilities sold			-52,526			-48,273
Liabilities incurred			564,019	[1]		0	[1]
Liabilities settled			-137,604			-323,665
Accretion of discount	10,924	9,631	23,697		34,977	41,626
Revision of previous estimates			9,670			66,976
Less obligations due within one year	-10,219		-10,219			-146,703
Asset retirement obligations b end of period	$749,252		$749,252			$205,512
[1]	Liabilities incurred during the period relate to our share of the the estimated abandonment costs of the wells and facilities in the Delhi field subsequent to the reversion of our working interest.

Stockholders_Equity_Common_Sto

Stockholders' Equity - Common Stock (Details) (USD $)	1 Months Ended	3 Months Ended			9 Months Ended
	Dec. 31, 2013	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Mar. 31, 2015
		quarter			quarter
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash dividend per common share	$0.10	$0.05	$0.10	$0.10
Number of quarterly dividends		3			3
Cash dividends to common stockholders					$8,192,989
2004 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of restricted common stock authorized for issuance under plan		6,500,000			6,500,000
2004 Stock Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of restricted common stock authorized for issuance under plan		144,468			144,468
Various Employees | 2004 Stock Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of restricted common stock authorized for issuance under plan		43,258			43,258
Directors | 2004 Stock Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of restricted common stock authorized for issuance under plan		25,740			25,740

Stockholders_Equity_Series_A_C

Stockholders' Equity - Series A Cumulative Perpetual Preferred Stock (Details) (USD $)	9 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014
Series A Cumulative Perpetual Preferred Stock
Cash dividends to preferred stockholders	$505,726	$505,726
Series A cumulative perpetual preferred stock
Series A Cumulative Perpetual Preferred Stock
Number of shares sold of series A cumulative perpetual preferred stock	317,319
Preferred stock dividend rate (as a percent)	8.50%		8.50%
Amount of sinking fund available to stockholders	0
Preferred stock, liquidation preference (in dollars per share)	$25		$25
Dividend payable monthly on preferred stock (in dollars per share)	$0.18
Cash dividends to preferred stockholders	$505,726	$505,726

StockBased_Incentive_Plan_Narr

Stock-Based Incentive Plan - Narrative (Details) (USD $)	3 Months Ended		9 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Restricted Stock and Contingent Restricted Stock
Stock-Based Incentive Plan
Stock-based compensation expense	$242,835	$444,981	$731,192	$1,134,841
Performance-based Awards
Stock-Based Incentive Plan
Dividends paid on unvested and not probable awards					$15,328
2004 Stock Plan
Stock-Based Incentive Plan
Number of shares of common stock authorized for issuance under plan	6,500,000		6,500,000
Number of shares remaining available for grant under plan	542,529		542,529

StockBased_Incentive_Plan_Stoc

Stock-Based Incentive Plan - Stock Options and Incentive Warrants (Details) (USD $)	9 Months Ended
	Mar. 31, 2015
Common Stock
Additional disclosures of Stock Options and Incentive Warrants
Market price of common stock on the last trading date of the period (in dollars per share)	$5.95
Stock Options and Incentive Warrants
Number of Stock Options and Incentive Warrants
Stock Options and Incentive Warrants outstanding at the beginning of the period (in shares)	178,061
Stock Options and Incentive Warrants, Exercised (in shares)	-87,000
Stock Options and Incentive Warrants outstanding at the end of the period (in shares)	91,061
Vested or expected to vest at the end of the period (in shares)	91,061
Exercisable at the end of the period (in shares)	91,061
Weighted Average Exercise Price
Stock Options and Incentive Warrants outstanding at the beginning of the period (in dollars per share)	$2.08
Stock Options and Incentive Warrants, Exercised (in dollars per share)	$1.63
Stock Options and Incentive Warrants outstanding at the end of the period (in dollars per share)	$2.50
Vested or expected to vest at the end of the period (in dollars per share)	$2.50
Exercisable at the end of the period (in dollars per share)	$2.50
Stock Options and Incentive Warrants outstanding at the end of the period	$313,720	[1]
Vested or expected to vest at the end of the period	313,720	[1]
Exercisable at the end of the period (in dollars)	$313,720	[1]
Stock Options and Incentive Warrants outstanding at the end of the period	1 year 7 months 6 days
Vested or expected to vest at the end of the period	1 year 7 months 6 days
Exercisable at the end of the period	1 year 7 months 6 days
[1]	Based upon the difference between the market price of our common stock on the last trading date of the period ($5.95 as of MarchB 31, 2015) and the Stock Option exercise price of in-the-money Stock Options.

StockBased_Incentive_Plan_Fair

Stock-Based Incentive Plan - Fair Value Inputs and Assumptions (Details) (Restricted Stock, USD $)	9 Months Ended
	Mar. 31, 2015
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value at grant date, per share	$4.26
Vesting period	2 years 6 months 18 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value at grant date, per share	$8.40
Vesting period	3 years 3 months 18 days

StockBased_Incentive_Plan_Rest

Stock-Based Incentive Plan - Restricted Stock (Details) (USD $)	9 Months Ended
	Mar. 31, 2015
Restricted Stock
Number of Restricted Shares
Unvested at the beginning of the period (in shares)	140,067
Vested (in shares)	-77,920
Forfeited (in shares)	0
Unvested at the end of the period (in shares)	275,613
Weighted Average Grant-Date Fair Value
Unvested at the beginning of the period (in dollars per share)	$8.70
Vested (in dollars per share)	$8.48
Forfeited (in shares)	$0
Unvested at the end of the period (in dollars per share)	$9.30
Additional disclosures of restricted stock
Unrecognized stock compensation expense related to Restricted Stock	$1,528,996	[1]
Weighted average remaining service period over which unrecognized compensation cost is expected to be recognized	2 years 6 months
Restricted Stock, Service-Based
Number of Restricted Shares
Granted (in shares)	100,910
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)	$9.53
Restricted Stock, Performance-Based
Stock-Based Incentive Plan
Potential future compensation expense	$770,252
Number of Restricted Shares
Granted (in shares)	76,642
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)	$10.05
Restricted Stock, Market-Based
Number of Restricted Shares
Granted (in shares)	35,914
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)	$7.59
[1]	Excludes $770,252 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.

StockBased_Incentive_Plan_Cont

Stock-Based Incentive Plan - Contingent Restricted Stock Activity (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2015		Mar. 31, 2015
Contingent Restricted Stock
Number of Restricted Stock Units
Unvested at the beginning of the period (in shares)			0
Unvested at the end of the period (in shares)	56,286		56,286
Weighted Average Grant-Date Fair Value
Unvested at the beginning of the period (in dollars per share)			$0
Unvested at the end of the period (in dollars per share)	$8.20		$8.20
Additional disclosures of restricted stock
Unrecognized stock compensation expense related to Restricted Stock	$62,787	[1]	$62,787	[1]
Weighted average remaining service period over which unrecognized compensation cost is expected to be recognized			2 years 8 months 12 days
Contingent Restricted Stock, Performance-Based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Potential future compensation expense	$385,166
Number of Restricted Stock Units
Granted (in shares)			38,325
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)			$10.05
Contingent Restricted Stock, Market-Based
Number of Restricted Stock Units
Granted (in shares)			17,961
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)			$4.26
[1]	Excludes $385,166 of potential future compensation expense for performance-based awards for which vesting is not considered probable at this time for accounting purposes.

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Unrecognized tax benefits	$0		$0
Net loss for state tax purposes			19,100,000
Accrued interest and penalties, unrecognized tax benefits			0
Income tax expense	494,180	423,612	2,118,218	1,148,155
Income tax expense, effective rates (as a percent)			40.60%	36.60%
State
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Net loss for state tax purposes			24,200,000
Louisiana | State
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Tax loss carryforwards	5,100,000		5,100,000
Louisiana | State | Settlement with Taxing Authority
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Request for refund of cash taxes paid	$1,500,000		$1,500,000

Net_Income_Per_Share_Schedule_

Net Income Per Share - Schedule of Basic and Diluted Earnings Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Numerator
Net income available to common shareholders	$566,011	$755,125	$2,597,788	$1,481,542
Denominator
Weighted average number of common shares b Basic	32,861,001	32,358,163	32,789,157	30,328,344
Effect of dilutive securities:
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	32,958,218	32,732,049	32,909,981	32,503,460
Net income (loss) per common share - Basic (in dollars per share)	$0.02	$0.02	$0.08	$0.05
Net income (loss) per common share - Diluted (in dollars per share)	$0.02	$0.02	$0.08	$0.05
Contingent restricted stock grants
Effect of dilutive securities:
Weighted average of securities	5,954	0	3,568	0
Stock options
Effect of dilutive securities:
Weighted average of securities	91,263	373,886	117,256	2,175,116

Net_Income_Per_Share_Schedule_1

Net Income Per Share - Schedule of Dilutive Securities (Details) (USD $)	9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Outstanding Potential Dilutive Securities
Weighted Average Exercise Price (in dollars per share)	$1.55
Balance at the end of the period (in shares)	147,347
Contingent restricted stock grants
Outstanding Potential Dilutive Securities
Weighted Average Exercise Price (in dollars per share)	$0
Balance at the end of the period (in shares)	56,286
Stock options
Outstanding Potential Dilutive Securities
Weighted Average Exercise Price (in dollars per share)	$2.50	$2.02
Balance at the end of the period (in shares)	91,061	228,061

Unsecured_Revolving_Credit_Agr1

Unsecured Revolving Credit Agreement (Details) (Texas Capital Bank, N.A., USD $)	1 Months Ended	9 Months Ended
	Feb. 29, 2012	Mar. 31, 2015
Revolving credit facility
Unsecured Revolving Credit Agreement
Maximum amount available under revolving credit facility	$50,000,000
Initial borrowing base	5,000,000	5,000,000
Term of revolving credit facility		4 years
Value of oil and gas properties subject (as a percent)		25.00%
Commitment fee accruing on unutilized availability (as a percent)		0.50%
Loan costs to be compensated to lender over the life of the Credit Agreement	50,000
Outstanding borrowings		0
Debt issuance costs	179,468
Unamortized debt issuance costs		44,570
Revolving credit facility | Minimum
Unsecured Revolving Credit Agreement
Total funded indebtedness to EBITDA ratio		3
Revolving credit facility | Maximum
Unsecured Revolving Credit Agreement
Current ratio		1.5
Total funded indebtedness to EBITDA ratio		2.5
EBITDA to interest expense ratio		3
Revolving credit facility | LIBOR
Unsecured Revolving Credit Agreement
Variable interest rate basis		Adjusted LIBOR
Interest period one		1 month
Interest period two		2 months
Interest period three		3 months
Interest period four		6 months
Term for payment of interest		3 months
Revolving credit facility | Prime rate
Unsecured Revolving Credit Agreement
Variable interest rate basis		Lenderbs prime rate
Revolving credit facility | Federal funds rate
Unsecured Revolving Credit Agreement
Variable interest rate basis		Federal Funds Rate
Margin added to variable interest rate basis (as a percent)		0.50%
Letter of credit
Unsecured Revolving Credit Agreement
Maximum amount available under revolving credit facility	1,000,000
Term of revolving credit facility		1 year
Letter of credit fees rate applied to principal amounts (as a percent)		3.50%
Outstanding borrowings		0
Other Assets | Revolving credit facility
Unsecured Revolving Credit Agreement
Debt issuance costs		$127,272

Commitments_and_Contingencies_1

Commitments and Contingencies - Narrative (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Feb. 26, 2015	Jan. 26, 2015
Commitments and Contingencies
Overriding Royalty Interest in Delhi Unit Purchased			4.81%
Rent Expense	$43,776	$44,473	$131,327	$131,151
Employment Contracts
Commitments and Contingencies
Number of employment agreements			2
Estimated obligation of employment contract	473,000		473,000
Employment Contracts | Low end of the range
Commitments and Contingencies
Benefit period			6 months
Employment Contracts | High end of the range
Commitments and Contingencies
Benefit period			1 year
Denbury Resources, Inc
Commitments and Contingencies
Suspended payments related to overriding royalty interest, percentage						2.89%
Amount of overriding royalty interest previously suspended					$712,000

Commitments_and_Contingencies_2

Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) (USD $)	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
2015	$159,011
2016	53,004
Total	$212,015