GeoMet 10-Q 13 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	1-May-14
Document and Entity Information	'	'
Entity Registrant Name	'GeoMet, Inc.	'
Entity Central Index Key	'0001352302	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	40,649,440
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current Assets:	'	'
Cash and cash equivalents	$7,559,114	$8,108,272
Assets held for sale	46,451,620	'
Accounts receivable, net of allowance of $14,744 at March 31, 2014 and December 31, 2013	10,018	2,900,807
Other current assets	101,909	692,740
Total current assets	54,122,661	11,701,819
Natural gas properties-utilizing the full cost method of accounting:	'	'
Proved natural gas properties	'	333,109,974
Other property and equipment	'	3,158,701
Total property and equipment	'	336,268,675
Less accumulated depreciation, depletion, amortization and impairment of gas properties	'	-293,939,624
Property and equipment-net	'	42,329,051
Other noncurrent assets:	'	'
Other	47,409	769,384
Total other noncurrent assets	47,409	769,384
TOTAL ASSETS	54,170,070	54,800,254
Current Liabilities:	'	'
Accounts payable	531,263	3,541,770
Royalties payable	'	3,656,272
Accrued liabilities	8,910	1,073,653
Liabilities held for sale	87,242,070	'
Derivative liability-natural gas contracts	'	834,151
Asset retirement obligations	'	265,470
Current portion of long-term debt	'	71,550,000
Total current liabilities	87,782,243	80,921,316
Asset retirement obligations	1,359,671	8,915,407
Derivative liability-natural gas contracts	'	709,571
Other long-term accrued liabilities	'	113,434
TOTAL LIABILITIES	89,141,914	90,659,728
Commitments and contingencies (Note 14)	'	'
Mezzanine equity:	'	'
Series A Convertible Redeemable Preferred Stock-net of offering costs of $1,660,435; redemption amount $61,880,320; $.001 par value; 7,401,832 shares authorized, 6,188,032 and 6,000,571 shares were issued and outstanding at March 31, 2014 and December 31, 2013, respectively	44,649,612	43,404,993
Stockholders' Deficit:	'	'
Preferred stock, $0.001 par value-2,598,168 shares authorized, none issued	'	'
Common stock, $0.001 par value-authorized 125,000,000 shares; 40,659,872 issued and 40,649,440 outstanding at March 31, 2014 and 40,662,749 issued and 40,652,317 outstanding at December 31, 2013	40,663	40,663
Treasury stock, at cost-10,432 shares at March 31, 2014 and December 31, 2013	-94,424	-94,424
Paid-in capital	186,321,871	187,527,716
Retained deficit	-265,889,566	-266,738,422
Total stockholders' deficit	-79,621,456	-79,264,467
TOTAL LIABILITIES, MEZZANINE AND STOCKHOLDERS' DEFICIT	$54,170,070	$54,800,254

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
CONSOLIDATED BALANCE SHEETS	'	'
Accounts receivable, allowance (in dollars)	$14,744	$14,744
Series A Convertible Redeemable Preferred Stock, offering costs (in dollars)	1,660,435	1,660,435
Series A Convertible Redeemable Preferred Stock, redemption amount (in dollars)	$61,880,320	$61,880,320
Series A Convertible Redeemable Preferred Stock, par value (in dollars per share)	$0.00	$0.00
Series A Convertible Redeemable Preferred Stock, shares authorized	7,401,832	7,401,832
Series A Convertible Redeemable Preferred Stock, shares issued	6,188,032	6,188,032
Series A Convertible Redeemable Preferred Stock, shares outstanding	6,000,571	6,000,571
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	2,598,168	2,598,168
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	40,659,872	40,662,749
Common stock, shares outstanding	40,649,440	40,652,317
Treasury stock, shares	10,432	10,432

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Expenses:	'	'
Depreciation, depletion and amortization	$113,817	$34,372
General and administrative	1,029,604	998,233
Restructuring costs	'	70,188
Total operating expenses	1,143,421	1,102,793
Operating loss	-1,143,421	-1,102,793
Other expense	-18,534	-28,648
Loss before income taxes from continuing operations	-1,161,955	-1,131,441
Income tax expense	6,250	6,250
Loss from continuing operations	-1,168,205	-1,137,691
Discontinued operations	2,017,061	-4,617,223
Net income (loss)	848,856	-5,754,914
Accretion of discount on Series A Convertible Redeemable Preferred Stock	-644,744	-493,537
Paid-in-kind dividends on Series A Convertible Redeemable Preferred Stock	-599,875	-1,075,685
Cash dividends paid on Series A Convertible Redeemable Preferred Stock	-568	-633
Net loss available to common stockholders	($396,331)	($7,324,769)
Net loss per common share-basic:	'	'
Net loss per common share from continuing operations (in dollars per share)	($0.06)	($0.07)
Income (loss) per common share from discontinued operations (in dollars per share)	$0.05	($0.11)
Net loss per common share-basic (in dollars per share)	($0.01)	($0.18)
Net loss per common share-diluted:	'	'
Net loss per common share from continuing operations (in dollars per share)	($0.06)	($0.07)
Income (loss) per common share from discontinued operations (in dollars per share)	$0.05	($0.11)
Net loss per common share-diluted (in dollars per share)	($0.01)	($0.18)
Weighted average number of common shares:	'	'
Basic (in shares)	40,514,097	40,456,773
Diluted (in shares)	40,514,097	40,456,773

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'
Net income (loss)	$848,856	($5,754,914)
Other comprehensive income (loss), net of related taxes:	'	'
Foreign currency translation adjustment	'	1,232
Unrealized gain on available for sale securities	'	20,063
Comprehensive income (loss)	$848,856	($5,733,619)

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows provided by operating activities:	'	'
Loss from continuing operations	($1,168,205)	($1,137,691)
Adjustments to reconcile loss from continuing operations to net cash flows (used in) provided by continuing operating activities:	'	'
Depreciation, depletion and amortization	113,817	34,372
Stock-based compensation	39,343	58,724
Changes in operating assets and liabilities:	'	'
Other current assets	237,002	160,784
Accounts payable	23,878	-12,317
Other accrued liabilities	-5,886	7,905
Net cash used in continuing operating activities	-760,051	-888,223
Income (loss) from discontinued operations	2,017,061	-4,617,223
Adjustments to reconcile Income (loss) from discontinued operations to net cash flows provided by discontinued operating activities:	'	'
Depreciation, depletion and amortization	715,892	1,471,994
Amortization of debt issuance costs	218,357	225,870
Unrealized losses from the change in market value of open derivative contracts	271,839	8,634,871
Loss on sale of other assets	16,687	27,616
Accretion expense	194,884	317,013
Changes in operating assets and liabilities:	'	'
Accounts receivable	-619,091	1,734,662
Other current assets	-698,632	2,476
Accounts payable	-744,681	-2,670,338
Other accrued liabilities	297,431	576,918
Net cash provided by discontinued operating activities	1,669,747	5,703,859
Net cash provided by operating activities	909,696	4,815,636
Continuing operations:	'	'
Proceeds from the sale of other assets	140,000	'
Net cash provided by investing activities - continuing operations	140,000	'
Discontinued operations:	'	'
Capital expenditures	-68,286	-172,466
Proceeds from sale of other assets	20,000	9,375
Net cash used in investing activities - discontinued operations	-48,286	-163,091
Net cash provided by (used in) investing activities	91,714	-163,091
Continuing operations:	'	'
Dividends paid	-568	-633
Treasury stock	'	-17
Net cash used in financing activities - continuing operations	-568	-650
Discontinued operations:	'	'
Repayment of borrowings under Credit Agreement	-1,550,000	-4,500,000
Deferred financing costs	'	-3,801
Net cash used in financing activities - discontinued operations	-1,550,000	-4,503,801
Net cash used in financing activities	-1,550,568	-4,504,451
(Decrease) increase in cash and cash equivalents	-549,158	148,094
Cash and cash equivalents at beginning of period	8,108,272	7,234,225
Cash and cash equivalents at end of period	7,559,114	7,382,319
Cash paid during the period for:	'	'
Interest expense	705,116	1,664,956
Income taxes	6,250	6,250
Significant noncash investing and financing activities:	'	'
Accrued capital expenditures	$21,266	$357,856

Organization_and_Our_Business

Organization and Our Business	3 Months Ended
	Mar. 31, 2014
Organization and Our Business	'
Organization and Our Business	'
	Note 1—Organization and Our Business
	GeoMet, Inc. (“GeoMet,” “Company,” “we,” or “our”) (formerly GeoMet Resources, Inc.) was incorporated under the laws of the state of Delaware on November 9, 2000. We are primarily engaged in the exploration for and development and production of natural gas from coal seams (“coalbed methane” or “CBM”). All of our production is CBM, which is a dry natural gas containing no hydrocarbon liquids. We were originally founded as a consulting company to the coalbed methane industry in 1985 and have been active as an operator, developer and producer of coalbed methane properties since 1993. Our principal operations and producing properties are located in the central Appalachian Basin in Virginia and West Virginia.
	The accompanying unaudited consolidated financial statements include our accounts and those of our wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. The unaudited consolidated financial statements reflect, in the opinion of our management, all adjustments, consisting only of normal and recurring adjustments, necessary to present fairly the financial position as of, and results of operations for, the interim periods presented. These unaudited consolidated financial statements have been prepared in accordance with the guidelines of interim reporting; therefore, they do not include all disclosures required for our year-end audited consolidated financial statements prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Interim period results are not necessarily indicative of results of operations or cash flows for the full year. These unaudited consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements for the fiscal year ended December 31, 2013 and the accompanying notes included in our Annual Report on Form 10-K, which we filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2014.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncement	3 Months Ended
	Mar. 31, 2014
Recent Accounting Pronouncement	'
Recent Accounting Pronouncement	'
	Note 2—Recent Accounting Pronouncement
	In April 2014, the Financial Accounting Standards Board (“FASB”), issued Accounting Standards Update (“ASU”), No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. ASU 2014-08 changes the requirements for reporting discontinued operations in Subtopic 205-20. A discontinued operation may include a component of an entity or a group of components of an entity. A disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when an entity meets the criteria to be classified as held for sale, the component of an entity or group of components of an entity is disposed of by sale, or the component of an entity or group of components of an entity is disposed of other than by sale. ASU 2014-08 should be applied when any of these occur within annual periods beginning on or after December 15, 2014. Early adoption is permitted, however, the Company elected not to early adopt the ASU. The ASU requires entities to separately present assets and liabilities of a discontinued operation for all periods presented in the balance sheet.  The impact of adoption of the ASU would be the reclassification of all of the assets included in the Asset Sale as Assets held for sale and all related liabilities as Liabilities held for sale, both in the Consolidated Balance Sheet (Unaudited) as of December 31, 2013.

Subsequent_EventsSale_of_our_C

Subsequent Events-Sale of our Central Appalachian Assets and Termination of Credit Agreement	3 Months Ended
	Mar. 31, 2014
Subsequent Events-Sale of our Central Appalachian Assets and Termination of Credit Agreement	'
Subsequent Events-Sale of our Central Appalachian Assets and Termination of Credit Agreement	'
	Note 3—Subsequent Events—Sale of our Central Appalachian Assets and Termination of Credit Agreement
	On May 12, 2014, we closed the previously announced sale of substantially all of our remaining assets which consisted of coalbed methane interests and other assets located in the Appalachian Basin in McDowell, Harrison, Wyoming, Raleigh, Barbour and Taylor Counties, West Virginia and Buchanan County, Virginia (the “Asset Sale”) to ARP Mountaineer Productions, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Atlas Resource Partners, L.P., a Delaware limited partnership.  The purchase price of $107.0 million was adjusted downward $9.5 million primarily to account for cash flows from the effective date to closing, resulting in net proceeds of $97.5 million.  The final adjusted purchase price is to be determined within 95 days of the close of the Asset Sale or by August 15, 2014.
	Immediately following the closing of the Asset Sale, GeoMet, Bank of America, N.A., as administrative agent (the “Administrative Agent”), and the financial institutions party thereto terminated the Fifth Amended and Restated Credit Agreement, dated as of October 14, 2011, by and among GeoMet, the Administrative Agent, the financial institutions party thereto as lenders and the other agents party thereto (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).  Immediately prior to termination of the Credit Agreement, we repaid all amounts owed to the lenders party to the Credit Agreement, which amounts totaled $69.1 million. As a result, we satisfied all of our material obligations under the Credit Agreement. We were not required to pay a termination penalty or other fee in connection with the termination of the Credit Agreement.
	Additionally, we settled all of our remaining outstanding natural gas hedge positions for approximately $3.1 million.

Assets_and_Liabilities_Held_Fo

Assets and Liabilities Held For Sale and Discontinued Operations	3 Months Ended
	Mar. 31, 2014
Assets and Liabilities Held For Sale and Discontinued Operations	'
Assets and Liabilities Held For Sale and Discontinued Operations	'
	Note 4—Assets and Liabilities Held For Sale and Discontinued Operations
	As a result of meeting all of the relevant criteria established under GAAP, we have classified all of the assets included in the Asset Sale as Assets held for sale and all related liabilities as Liabilities held for sale, both in the Consolidated Balance Sheet (Unaudited) as of March 31, 2014. Additionally, the related operating activities are presented as discontinued operations in the Consolidated Statements of Operations (Unaudited) for the three months ended March 31, 2014 and 2013.
	Assets held for sale in the Consolidated Balance Sheet (Unaudited) at March 31, 2014 include:
	Accounts receivable	$	3,509,880
	Other current assets	723,456
	Proved gas properties	333,172,981
	Other property and equipment	3,083,974
	Total property and equipment	336,256,955
	Less accumulated depreciation, depletion, amortization and impairments	(294,727,614		)
	Property and equipment—net	41,529,341
	Other noncurrent assets	688,943
	Assets held for sale	$	46,451,620
	Liabilities held for sale in the Consolidated Balance Sheet (Unaudited) at March 31, 2014 include:
	Accounts payable	$	2,123,798
	Royalties payable	3,816,900
	Accrued liabilities	1,506,738
	Asset retirement obligations	7,979,073
	Current portion of long-term debt	70,000,000
	Derivative liability—natural gas contracts—current	1,441,458
	Derivative liability—natural gas contracts—non-current	374,103
	Liabilities held for sale	$	87,242,070
	Results for activities reported as discontinued operations for the three months ended March 31, 2014 and 2013 were as follows:
		2014			2013
	Revenues:
	Gas sales	$	9,678,375		$	10,879,264
	Other	17,775			44,956
	Total revenues	9,696,150			10,924,220
	Expenses:
	Lease operating expense	2,551,646			4,469,239
	Compression and transportation expense	1,673,399			1,838,636
	Production taxes	578,487			550,546
	Depreciation, depletion and amortization	715,892			1,471,994
	Losses on natural gas derivatives	1,237,716			5,535,119
	Total operating expenses	6,757,140			13,865,534
	Operating income (loss)	2,939,010			(2,941,314		)
	Interest expense	(923,511		)	(1,676,329		)
	Interest income	1,562			420
	Income from discontinued operations	$	2,017,061		$	(4,617,223	)

Net_Loss_Per_Common_Share

Net Loss Per Common Share	3 Months Ended
	Mar. 31, 2014
Net Loss Per Common Share	'
Net Loss Per Common Share	'
	Note 5—Net Loss Per Common Share
	Net loss per common share—basic is calculated by dividing Net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Net loss per common share—diluted assumes the conversion of all potentially dilutive securities and is calculated by dividing Net loss available to common stockholders by the sum of the weighted average number of shares of common stock outstanding plus potentially dilutive securities. Net loss per common share—diluted considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential shares of common stock would have an anti-dilutive effect. A reconciliation of Net loss per common share for the three months ended March 31, 2014 and 2013 is as follows:
		2014			2013
	Net loss available to common stockholders	$	(396,331	)	$	(7,324,769	)
	Income (loss) from discontinued operations	$	2,017,061		$	(4,617,223	)
	Net loss per common share—basic:
	Net loss per common share from continuing operations	$	(0.06	)	$	(0.07	)
	Income (loss) per common share from discontinued operations	0.05			(0.11		)
	Net loss per common share—basic	$	(0.01	)	$	(0.18	)
	Net loss per common share—diluted:
	Net loss per common share from continuing operations	$	(0.06	)	$	(0.07	)
	Income (loss) per common share from discontinued operations	0.05			(0.11		)
	Net loss per common share—diluted	$	(0.01	)	$	(0.18	)
	Weighted average number of common shares:
	Basic	40,514,097			40,456,773
	Diluted	40,514,097			40,456,773
	Net loss per common share—diluted for the three months ended March 31, 2014 excluded the effect of outstanding exercisable options to purchase 1,555,508 shares, 135,343 weighted average restricted shares outstanding, and 6,188,032 shares of Series A Convertible Redeemable Preferred Stock (“Preferred Stock”) (47,600,246 in dilutive shares, as converted, which assumes conversion on the first day of the period) because we reported a Net loss available to common stockholders which caused the options and restricted shares to be anti-dilutive. Additionally, in computing the dilutive effect of convertible securities, Net loss available to common stockholders is also adjusted to add back any convertible preferred dividends and accretion unless the preferred shares are anti-dilutive. As such, there was no add back to Net loss available to common stockholders for the three months ended March 31, 2014 for accretion of and dividends paid for Preferred Stock of $644,744 and $600,443, respectively, in computing Net loss per common share—diluted as the preferred shares were anti-dilutive.
	Net loss per common share—diluted for the three months ended March 31, 2013 excluded the effect of outstanding exercisable options to purchase 2,365,466 shares, 233,099 weighted average restricted shares outstanding, and 5,305,865 shares of Preferred Stock (40,814,346 in dilutive shares, as converted, which assumes conversion on the first day of the period) because we reported a Net loss available to common stockholders which caused the options and restricted shares to be anti-dilutive. Additionally, in computing the dilutive effect of convertible securities, Net loss available to common stockholders is also adjusted to add back any convertible preferred dividends and accretion unless the preferred shares are anti-dilutive. As such, there was no add back to Net loss available to common stockholders for the three months ended March 31, 2013 for accretion of and dividends paid for Preferred Stock of $493,537 and $1,076,318, respectively, in computing Net loss per common share—diluted as the preferred shares were anti-dilutive.

Gas_Properties

Gas Properties	3 Months Ended
	Mar. 31, 2014
Gas Properties	'
Gas Properties	'
	Note 6—Gas Properties
	As described in Note 3—Subsequent Events—Sale of our Central Appalachian Assets and Termination of Credit Agreement, on May 12, 2014, we closed the Asset Sale which included substantially all of our gas properties. Proved gas properties and accumulated depreciation, depletion, amortization and impairment of gas properties have been classified as a current asset in Assets held for sale in the Consolidated Balance Sheet (Unaudited) as of March 31, 2014. See Note 4—Assets and Liabilities Held For Sale and Discontinued Operations for further discussion on the classification.
	The method of accounting for oil and gas producing activities determines which costs are capitalized and how these costs are ultimately matched with revenues and expenses. We use the full cost method of accounting for our gas properties. Under this method, all direct costs and certain indirect costs associated with the acquisition, exploration, and development of our gas properties are capitalized.
	Gas properties are depleted using the units-of-production method. The depletion expense is significantly affected by the unamortized historical and future development costs and the estimated proved gas reserves.
	Estimation of proved gas reserves involves professional judgment and use of factors that cannot be precisely determined. Subsequent proved reserve estimates materially different from those reported would change the depletion expense recognized during future reporting periods. No gains or losses are recognized upon the sale or disposition of gas properties unless the sale or disposition represents a significant quantity of gas reserves, which would have a significant impact on the depreciation, depletion and amortization rate.
	Under full cost accounting rules, total capitalized costs are limited to a ceiling equal to the present value of estimated future net revenues, discounted at 10% per annum, plus cost of properties not being amortized plus the lower of cost or fair value of unevaluated properties less income tax effects (the “ceiling limitation”). We perform a quarterly ceiling test to evaluate whether the net book value of our full cost pool exceeds the ceiling limitation. If capitalized costs (net of accumulated depreciation, depletion and amortization) less related deferred taxes are greater than the discounted future net revenues or ceiling limitation, a write-down or impairment of the full cost pool is required. A write-down of the carrying value of the full cost pool is a non-cash charge that reduces earnings and stockholders’ equity in the period of occurrence and typically results in lower depreciation, depletion and amortization expense in future periods. Once incurred, a write-down is not reversible at a later date.
	The ceiling test is calculated using the unweighted arithmetic average of the natural gas price on the first day of each month within the twelve-month period prior to the end of the reporting period, unless prices are defined by contractual arrangements, excluding escalations based on future conditions. In addition, the future cash outflows associated with settling asset retirement obligations were not included in the computation of the discounted present value of future net revenues for the purposes of the ceiling test calculation.
	For the twelve months ended March 31, 2014, the unweighted arithmetic average of the Henry Hub spot market price on the first day of each month was $4.02 per Mcf, resulting in a natural gas price of $4.14 per Mcf when adjusted for regional price differentials. Based on the ceiling test performed utilizing the aforementioned prices, no write-down of the carrying value of our U.S. full cost pool was required at March 31, 2014.
	For the twelve months ended March 31, 2013, the unweighted arithmetic average of the Henry Hub spot market price on the first day of each month was $2.97 per Mcf, resulting in a natural gas price of $3.03 per Mcf when adjusted for regional price differentials. Based on the ceiling test performed utilizing the aforementioned prices, no write-down of the carrying value of our U.S. full cost pool was required at March 31, 2013.

Asset_Retirement_Obligations

Asset Retirement Obligations	3 Months Ended
	Mar. 31, 2014
Asset Retirement Obligations	'
Asset Retirement Obligations	'
	Note 7—Asset Retirement Obligations
	As described in Note 3—Subsequent Events—Sale of our Central Appalachian Assets and Termination of Credit Agreement, on May 12, 2014, we closed the Asset Sale. The buyer has assumed the entire current portion of our asset retirement obligation (“ARO”). Certain asset retirement obligations have been classified as a current liability in Liabilities held for sale in the Consolidated Balance Sheet (Unaudited) at March 31, 2014. See Note 4—Assets and Liabilities Held For Sale and Discontinued Operations for further discussion on the classification.
	We record an ARO in the Consolidated Balance Sheets (Unaudited) and capitalize the asset retirement costs in gas properties in the period in which the retirement obligation is incurred. The amount of the ARO and the costs capitalized are equal to the estimated future costs to satisfy the obligation using current prices that are escalated by an assumed inflation factor up to the estimated settlement date, which is then discounted back to the date the abandonment obligation was incurred using an assumed cost of funds for GeoMet. Once the ARO is recorded, it is then accreted to its estimated future value using the same assumed cost of funds. Periodically, we update the cost assumptions resulting from market changes and revise the liability recorded accordingly.
	The following table details the changes to our ARO for the three months ended March 31, 2014:
	Current portion of asset retirement obligation at January 1, 2014	$	265,470
	Add: Long-term portion of asset retirement obligation at January 1, 2014	8,915,407
	Asset retirement obligation at January 1, 2014	9,180,877
	Settlements	(37,017		)
	Accretion	194,884
	Asset retirement obligation at March 31, 2014	9,338,744
	Less: Current portion of asset retirement obligation (1)	(7,979,073		)
	Long-term portion of asset retirement obligation at March 31, 2014	$	1,359,671
	(1)         The current portion of ARO as of March 31, 2014 has been classified as Liabilities held for sale in the Consolidated Balance Sheet (Unaudited) at March 31, 2014. See Note 4—Assets and Liabilities Held For Sale and Discontinued Operations for further discussion on the classification.

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities	'
Derivative Instruments and Hedging Activities	'
	Note 8—Derivative Instruments and Hedging Activities
	As described in Note 3—Subsequent Events—Sale of our Central Appalachian Assets and Termination of Credit Agreement, on May 12, 2014, we closed the Asset Sale. On that date, in connection with the closing of the Asset Sale, we settled all of our outstanding natural gas hedge positions for approximately $3.1 million.
	The energy markets have historically been volatile, and there can be no assurance that future natural gas prices will not be subject to wide fluctuations. At March 31, 2014, we do not have the ability to enter into natural gas hedges because we do not have the credit capacity with our existing natural gas hedge counterparties.
	In an effort to reduce the effects of the volatility of the price of natural gas on our operations, management has historically hedged natural gas prices primarily using derivative instruments in the form of three-way collars, traditional collars and swaps. While the use of these hedging arrangements limits the downside risk of adverse price movements, it also limits future gains from favorable movements. We entered into hedging transactions, generally for forward periods up to two years or more, which increased the probability of achieving our targeted level of cash flows.  Our price risk management policy strictly prohibits the use of derivatives for speculative positions.
	Swaps exchange floating price risk in the future for a fixed price at the time of the hedge. Costless collars set both a maximum ceiling (a sold ceiling) and a minimum floor (a bought floor) future price. We have accounted for these transactions using the mark-to-market accounting method. Generally, we incur accounting losses on derivatives during periods where prices are rising and gains during periods where prices are falling which may cause significant fluctuations in our Consolidated Balance Sheets (Unaudited) and Consolidated Statements of Operations (Unaudited).
	Commodity Price Risk and Related Hedging Activities
	At March 31, 2014, we had the following natural gas derivative contracts:
	Contract	Period	Volume		Sold Ceiling/			Derivative			Derivative			Total Fair
	Type		(MMBtu)		Bought Floor			liability—			liability—			Value of
								current (1)			non-current (1)			Contract
	Collar	April 2014 through December 2015	3,200,000		$	4.30/$3.60		$	(671,882	)	$	(144,771	)	$	(816,653	)
	Collar	April 2014 through December 2015	3,200,000		$	4.20/$3.50		(769,576		)	(229,332		)	(998,908		)
			6,400,000					$	(1,441,458	)	$	(374,103	)	$	(1,815,561	)
	(1)                  At March 31, 2014, Derivative liability—current and Derivative liability—non-current have each been classified as a current liability in Liabilities held for sale in the Consolidated Balance Sheet (Unaudited). See Note 4—Assets and Liabilities Held For Sale and Discontinued Operations for further discussion on the classification.
	At December 31, 2013, we had the following natural gas derivative contracts:
	Contract	Period	Volume		Fixed Price or			Derivative			Derivative			Total Fair
	Type		(MMBtu)		Sold Ceiling/			liability—			liability—			Value of
					Bought Floor			current			non-current			Contract
	Swap	January 2014 through March 2014	360,000		$	3.82		$	(164,121	)	$	—		$	(164,121	)
	Collar	January 2014 through December 2015	3,650,000		$	4.30/$3.60		(280,392		)	(296,436		)	(576,828		)
	Collar	January 2014 through December 2015	3,650,000		$	4.20/$3.50		(389,638		)	(413,135		)	(802,773		)
			7,660,000					$	(834,151	)	$	(709,571	)	$	(1,543,722	)
	We have reviewed the financial strength of our hedge counterparties and believe our credit risk to be minimal. Our hedge counterparties are participants or affiliates of the participants in our credit agreement and the collateral for the outstanding borrowings under our credit agreement is used as collateral for our hedges. We do not have rights to collateral from our counterparties, nor do we have rights of offset against borrowings under our credit agreement.
	We estimate the fair value of our natural gas derivative contracts using the income approach. The income approach uses valuation techniques that convert future cash flows to a single discounted value. In order to estimate the fair value of our natural gas derivative contracts, a forward price curve and volatility estimates were compiled from sources that include NYMEX settlements and observed trading activity in the Over-the-Counter markets. Pricing estimates for the theoretical market value of hedge positions were developed using analytical models accepted and employed by a broad cross-section of industry participants. To extrapolate future cash flows, discount factors incorporating our counterparties’ and our credit standing are used to discount future cash flows. The estimated fair value of our natural gas derivative contracts also reflects its nonperformance risk, the risk that the obligation will not be fulfilled. Because nonperformance risk includes our counterparties’ and our credit risk, we have considered the effect of credit risk on the fair value of our natural gas derivative contracts. The consideration for discounting our counterparties’ liabilities (our assets) was based on the difference between the S&P credit rating of a comparable company to our counterparties and the 1-Year Treasury bill rate, both at the reporting date. The consideration for discounting our liabilities was based on the difference between the market weighted average cost of debt capital plus a premium over the capital asset pricing model and the 1-Year Treasury bill rate.
	We did not have any transfers of assets and liabilities between Level 1 and Level 2 of the fair value measurement hierarchy during the three months ended March 31, 2014. Based on the use of observable market inputs, we have designated these types of instruments designated below as Level 2. The fair value of our Level 2 derivative instruments were as follows:
		Asset Derivatives									Liability Derivatives
		March 31, 2014				December 31, 2013					March 31, 2014					December 31, 2013
		Balance Sheet	Fair			Balance Sheet		Fair			Balance Sheet		Fair			Balance Sheet	Fair
		Location	Value			Location		Value			Location		Value			Location	Value
	Derivatives not designated as hedging instruments
	Natural gas hedge positions	Derivative asset	$	—		Derivative asset		$	—		Derivative liability		$	1,441,458		Derivative liability	$	834,151
		(current)				(current)					(current)					(current)
	Natural gas hedge positions	Derivative asset	—			Derivative asset		—			Derivative liability		374,103			Derivative liability	709,571
		(non- current)				(non- current)					(non- current)					(non-current)
	Total derivatives not designated as hedging instruments		$	—				$	—				$	1,815,561			$	1,543,722
	The following losses on our hedging instruments have been classified as Discontinued operations on the Consolidated Statements of Operations (Unaudited) for the three months ended March 31, 2014 and 2013. See Note 4—Assets and Liabilities Held For Sale and Discontinued Operations for further discussion on the classification.
		Location of (Gain) or Loss Recognized in	Amount of (Gain) or Loss
			Recognized in Income on
			Derivatives
	Derivatives not designated as hedging instruments	Income on Derivatives	2014			2013
	Natural gas collar/swap settled positions	Discontinued operations	$	965,877		$	(3,099,752	)
	Natural gas collar/swap unsettled positions	Discontinued operations	271,839			8,634,871
	Total loss		$	1,237,716		$	5,535,119

LongTerm_Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2014
Long-Term Debt.	'
Long-Term Debt	'
	Note 9—Long-Term Debt
	As described in Note 3—Subsequent Events—Sale of our Central Appalachian Assets and Termination of Credit Agreement, on May 12, 2014, we closed the Asset Sale. Immediately following the closing of the Asset Sale, we repaid all outstanding borrowing under our credit agreement of $69.1 million. Borrowings under our credit agreement have been classified as Liabilities held for sale in the Consolidated Balance Sheet (Unaudited) at March 31, 2014. See Note 4—Assets and Liabilities Held For Sale and Discontinued Operations for further discussion on the classification.
	During 2012, the amounts borrowed under our credit agreement exceeded the borrowing base.  Borrowings under our credit agreement at August 8, 2012 totaled $148.6 million. On August 8, 2012, in connection with the excess of borrowings over the borrowing base, we amended our credit agreement to provide for a tranche A loan in the amount of our borrowing base and a tranche B loan in the amount of the borrowing base deficiency.
	On June 14, 2013, the Company closed the sale of all of its coalbed methane properties located in the state of Alabama. Simultaneously with the close of the property sale, approximately $57.0 million was used to repay outstanding borrowings under the Company’s credit agreement, which eliminated the borrowing base deficiency. After this repayment, borrowings outstanding under our credit agreement totaled $77.0 million.
	Our credit agreement no longer provides for loans to be available on a revolving basis up to the amount of the borrowing base. As a result, the current outstanding loans, once repaid, may not be re-borrowed. All outstanding borrowings under our credit agreement are due and payable on the earliest to occur of: (i) June 30, 2014, (ii) the closing of the Asset Sale pursuant to the Asset Purchase Agreement, or the sale of the Assets pursuant to a substitute purchase agreement, or (iii) the termination of the Asset Purchase Agreement or any substitute purchase agreement. Our borrowing base is defined to be equal to the amount borrowed under our credit agreement. Our credit agreement provides for interest to accrue at a rate calculated, at our option, at the Adjusted Base Rate plus a margin of 2.00% or the London Interbank Offered Rate (the “LIBOR Rate”) plus a margin of 3.00%. Adjusted Base Rate is defined to be the greater of (i) the agent’s base rate or (ii) the federal funds rate plus one half of one percent or (iii) the LIBOR Rate plus a margin of 1.00%. All financial covenants were deleted by the amendment to our credit agreement and were replaced with a capital expenditure covenant (a maximum of $1.5 million in 2012 and $1.0 million in 2013 and thereafter).
	As of March 31, 2014 and December 31, 2013, we had $70.0 million and $71.6 million, respectively, of borrowings outstanding under our credit agreement. As of March 31, 2014 and December 31, 2013, the interest rates applied to borrowings were 3.21% and 3.24%, respectively. For the three months ended March 31, 2014, we had no borrowings and made payments of $1.6 million under our credit agreement. For the three months ended March 31, 2014 interest on the borrowings averaged 4.02%. For the three months ended March 31, 2013, we had no borrowings and made payments of $4.5 million under our credit agreement. For the three months ended March 31, 2013 interest on the borrowings averaged 4.27%.
	The following is a summary of our long-term debt at March 31, 2014 and December 31, 2013:
		March 31,			December 31,
		2014			2013
	Borrowings under credit agreement	$	70,000,000		$	71,550,000
	Less current maturities included in current liabilities	(70,000,000		)	(71,550,000		)
	Total long-term debt	$	—		$	—
	We record our debt instruments based on contractual terms. We did not elect to apply the fair value option for recording financial assets and financial liabilities. We measure the fair value of our debt instruments using discounted cash flow analyses based on our current borrowing rates for similar types of borrowing arrangements (categorized as level 3). We do not have any debt instruments with fair value measurements categorized as level 1 or 2 within the fair value hierarchy. Fair value measurement for an asset or liability reflects its nonperformance risk, the risk that the obligation will not be fulfilled. Because nonperformance risk includes our credit risk, we have considered the effect of our credit risk on the fair value of the long-term debt. This consideration involved discounting our long-term debt based on the difference between the market weighted average cost of equity capital plus a premium over the capital asset pricing model and the stated interest rates of the debt instruments included in our long-term debt.  The fair value of long-term debt as of March 31, 2014 and December 31, 2013 was estimated to be approximately $69.4 million and $70.1 million, respectively.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Taxes	'
Income Taxes	'
	Note 10—Income Taxes
	As described in Note 3—Subsequent Events—Sale of our Central Appalachian Assets and Termination of Credit Agreement, on May 12, 2014, we closed the Asset Sale. In connection with the closing of the Asset Sale, we estimated income tax payable in the amount of $1.2 million, representing alternative minimum tax. No regular income tax is expected to result from the transaction as we estimate sufficient net operating losses will be carried forward from prior years to offset the estimated gain on the Asset Sale.
	We record our income taxes using an asset and liability approach. This results in the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the book carrying amounts and the tax basis of assets and liabilities using enacted tax rates at the end of the period. The effect of a change in tax rates of deferred tax assets and liabilities is recognized in the year of the enacted change.
	For tax reporting purposes, we have federal and state net operating losses (“NOLs”) of approximately $156.1 million and $162.6 million, respectively, at March 31, 2014 that are available to reduce future taxable income. For tax reporting purposes, we had federal and state NOLs of approximately $156.0 million and $162.3 million, respectively, at December 31, 2013 that were available to reduce future taxable income. Our first material federal NOL carryforward expires in 2022 and the last one expires in 2034.
	Additionally, for tax reporting purposes, we have a federal capital loss carryforward generated by the sale of Hudson’s Hope Gas, Ltd. in 2012, of approximately $33.9 million at March 31, 2014 that is available to reduce future taxable capital gains and expiring in 2017. Additionally, we have a federal capital loss carryforward of $0.2 million generated by the sale of other assets in 2014.
	At March 31, 2014, we have a valuation allowance of $83.1 million recorded against our net deferred tax asset which includes $70.2 million related to our United States operations and $13.0 million related to the capital loss carryforward generated by the sale of Hudson’s Hope Gas, Ltd. in 2012 and other assets in 2014.
	The income tax expense in the current year period was different than the amount computed using the statutory rate primarily due to a decrease of $0.3 million in the valuation allowance on our deferred tax asset. A reconciliation of the effective tax rate to the statutory rate is as follows:
	Amount computed using statutory rates	$	290,736		34	%
	State income taxes—net of federal benefit	36,859			4.31	%
	Valuation Allowance	(343,900		)	-40.22	%
	Nondeductible items and other	22,555			2.64	%
	Income tax provision	$	6,250		0.73	%

Common_Stock

Common Stock	3 Months Ended
	Mar. 31, 2014
Common Stock	'
Common Stock	'
	Note 11—Common Stock
	As of March 31, 2014, shares of our Common Stock issued and outstanding were 40,659,872 and 40,649,440, respectively.  As of December 31, 2013, shares of our Common Stock issued and outstanding were 40,662,749 and 40,652,317, respectively. Included in shares of our Common Stock issued as of March 31, 2014 and December 31, 2013 were 10,432 shares of treasury stock held by the Company. Included in our Common Stock both issued and outstanding at March 31, 2014 and December 31, 2013 were 136,065 and 158,065 shares of restricted stock, respectively. During the three months ended March 31, 2014, 153 shares of restricted stock were forfeited and canceled upon the termination of an employee by the Company and 2,724 shares of restricted stock expired unvested and were canceled.

Series_A_Convertible_Redeemabl

Series A Convertible Redeemable Preferred Stock	3 Months Ended
	Mar. 31, 2014
Series A Convertible Redeemable Preferred Stock	'
Series A Convertible Redeemable Preferred Stock	'
	Note 12—Series A Convertible Redeemable Preferred Stock
	At March 31, 2014 and December 31, 2013, 6,188,032 and 6,000,571 shares of Preferred Stock were issued and outstanding, respectively. At March 31, 2014, an additional 1,213,800 shares of our Preferred Stock are reserved exclusively for the payment of paid-in-kind dividends (“PIK dividends”). We measure the fair value of PIK dividends using the closing quoted NASDAQ market price on the dividend date (categorized as level 1). The following table details the activity related to the Preferred Stock for the three months ended March 31, 2014:
		Dividend Period	Date Issued	Number of Shares	Balance
		(Three Months Ended)
	Balance at January 1, 2014			6,000,571	$	43,404,993
	Accretion of discount on Preferred Stock				644,744
	PIK Dividends Issued for Preferred Stock :	3/31/14	3/31/14	187,461	599,875
	Balance At March 31, 2014			6,188,032	$	44,649,612

ShareBased_Awards

Share-Based Awards	3 Months Ended
	Mar. 31, 2014
Share-Based Awards	'
Share-Based Awards	'
	Note 13—Share-Based Awards
	Our 2006 Long-Term Incentive Plan (the “2006 Plan”) authorizes the granting of incentive stock options, non-qualified stock options, stock appreciation rights, stock awards, restricted stock, restricted stock units and performance awards. A maximum of 4,000,000 shares are available for grant under this plan. The 2006 Plan is available to our employees and independent directors. However, the Company does not anticipate any additional grants will be awarded under the 2006 Plan in the immediate future. The exercise price of stock options granted under this plan may not be less than the fair market value of the Common Stock on the date of grant. The options generally have a term of seven years and vest evenly over three years, except performance based awards which are granted solely to our named executive officers, and options issued to directors. Performance based awards granted under the 2006 Plan vest once the performance criteria have been met. Options granted to our directors vest immediately.
	During the three months ended March 31, 2014, we recorded a compensation expense accrual of $39,343 which was allocated as an addition of $2,105 to lease operating expenses and an addition of $37,238 to general and administrative expense. During the three months ended March 31, 2013, we recorded a compensation expense accrual of $58,724 which was allocated as an addition of $6,752 to lease operating expenses and an addition of $51,972 to general and administrative expense. At March 31, 2014, the future compensation cost of all the outstanding awards is $27,150 which will be amortized over the vesting period of such stock options and restricted stock. The weighted average remaining useful life of the future compensation cost is 0.65 years.
	Incentive Stock Options
	The table below summarizes incentive stock option activity for the three months ended March 31, 2014:
		Number of		Weighted		Average	Aggregate
		Options		Average		Remaining	Intrinsic
				Exercise		Contractual	Value
				Price		Life
	Outstanding at December 31, 2013	1,199,433		$	1.11
	Forfeited	(18,690	)	$	1.11
	Outstanding at March 31, 2014	1,180,743		$	1.11	2.5	$	—
	Options exercisable at March 31, 2014	1,030,531		$	1.04	3.2	$	—
	Non-Qualified Stock Options
	The table below summarizes non-qualified stock option activity for the three months ended March 31, 2014:
		Number of		Weighted		Average	Aggregate
		Options		Average		Remaining	Intrinsic
				Exercise		Contractual	Value
				Price		Life
	Outstanding at December 31, 2013	374,765		$	2.05
	Outstanding at March 31, 2014	374,765		$	2.05	0.5	$	—
	Options exercisable at March 31, 2014	333,242		$	2.22	1.3	$	—
	Restricted Stock Awards
	The table below summarizes non-vested restricted stock awards activity for the three months ended March 31, 2014:
		Number of		Weighted
		Shares		Average
				Grant Date
				Fair Value
	Non-vested restricted stock at December 31, 2013	158,065		$	1.83
	Vested	(19,123	)	$	1.32
	Forfeited	(2,877	)	$	8.16
	Non-vested restricted stock at March 31, 2014	136,065		$	1.77
	Restricted Stock Unit Awards
	On April 5, 2011, we granted 232,089 restricted stock units to our five executive officers. These restricted stock units vest upon the Company’s achievement of certain performance targets, but no earlier than ratably over the three year period following the grant date, at which time one common share will be issued and exchanged for each restricted stock unit held. If the requisite performance targets are not achieved in the seven year period ended April 5, 2018, the restricted stock units will expire. Restricted stock units are included in the calculation of diluted earnings per share utilizing the treasury stock method. On April 30, 2012, 99,108 restricted stock units vested with a vesting date fair value of $0.53 per share. On June 25, 2012, 16,428 restricted stock units were forfeited. There have been no grants of restricted stock units subsequent to the aforementioned grant. Unrecognized compensation cost related the restricted stock units is $116,553 at March 31, 2014.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies.	'
Commitments and Contingencies	'
	Note 14— Commitments and Contingencies
	From time to time we are a party to litigation in the normal course of business. While the outcome of lawsuits or other proceedings against us are not possible to reasonably predict, management does not believe that the adverse effect on our financial condition, results of operations or cash flows, if any, will be material.
	Environmental and Regulatory
	As of March 31, 2014, there were no known environmental or other regulatory matters related to our operations that are reasonably expected to result in a material liability to us.

Assets_and_Liabilities_Held_Fo1

Assets and Liabilities Held For Sale and Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2014
Assets and Liabilities Held For Sale and Discontinued Operations	'
Schedule of classification of all the assets included in the Asset Sale as Assets held for sale and all related liabilities as Liabilities held for sale and related operating activities	'
	Assets held for sale in the Consolidated Balance Sheet (Unaudited) at March 31, 2014 include:
	Accounts receivable	$	3,509,880
	Other current assets	723,456
	Proved gas properties	333,172,981
	Other property and equipment	3,083,974
	Total property and equipment	336,256,955
	Less accumulated depreciation, depletion, amortization and impairments	(294,727,614		)
	Property and equipment—net	41,529,341
	Other noncurrent assets	688,943
	Assets held for sale	$	46,451,620
	Liabilities held for sale in the Consolidated Balance Sheet (Unaudited) at March 31, 2014 include:
	Accounts payable	$	2,123,798
	Royalties payable	3,816,900
	Accrued liabilities	1,506,738
	Asset retirement obligations	7,979,073
	Current portion of long-term debt	70,000,000
	Derivative liability—natural gas contracts—current	1,441,458
	Derivative liability—natural gas contracts—non-current	374,103
	Liabilities held for sale	$	87,242,070
	Results for activities reported as discontinued operations for the three months ended March 31, 2014 and 2013 were as follows:
		2014			2013
	Revenues:
	Gas sales	$	9,678,375		$	10,879,264
	Other	17,775			44,956
	Total revenues	9,696,150			10,924,220
	Expenses:
	Lease operating expense	2,551,646			4,469,239
	Compression and transportation expense	1,673,399			1,838,636
	Production taxes	578,487			550,546
	Depreciation, depletion and amortization	715,892			1,471,994
	Losses on natural gas derivatives	1,237,716			5,535,119
	Total operating expenses	6,757,140			13,865,534
	Operating income (loss)	2,939,010			(2,941,314		)
	Interest expense	(923,511		)	(1,676,329		)
	Interest income	1,562			420
	Income from discontinued operations	$	2,017,061		$	(4,617,223	)

Net_Loss_Per_Common_Share_Tabl

Net Loss Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2014
Net Loss Per Common Share	'
Schedule of reconciliation of net loss per common share	'
		2014			2013
	Net loss available to common stockholders	$	(396,331	)	$	(7,324,769	)
	Income (loss) from discontinued operations	$	2,017,061		$	(4,617,223	)
	Net loss per common share—basic:
	Net loss per common share from continuing operations	$	(0.06	)	$	(0.07	)
	Income (loss) per common share from discontinued operations	0.05			(0.11		)
	Net loss per common share—basic	$	(0.01	)	$	(0.18	)
	Net loss per common share—diluted:
	Net loss per common share from continuing operations	$	(0.06	)	$	(0.07	)
	Income (loss) per common share from discontinued operations	0.05			(0.11		)
	Net loss per common share—diluted	$	(0.01	)	$	(0.18	)
	Weighted average number of common shares:
	Basic	40,514,097			40,456,773
	Diluted	40,514,097			40,456,773

Asset_Retirement_Obligations_T

Asset Retirement Obligations (Tables)	3 Months Ended
	Mar. 31, 2014
Asset Retirement Obligations	'
Schedule of changes to ARO	'
	The following table details the changes to our ARO for the three months ended March 31, 2014:
	Current portion of asset retirement obligation at January 1, 2014	$	265,470
	Add: Long-term portion of asset retirement obligation at January 1, 2014	8,915,407
	Asset retirement obligation at January 1, 2014	9,180,877
	Settlements	(37,017		)
	Accretion	194,884
	Asset retirement obligation at March 31, 2014	9,338,744
	Less: Current portion of asset retirement obligation (1)	(7,979,073		)
	Long-term portion of asset retirement obligation at March 31, 2014	$	1,359,671
	(1)         The current portion of ARO as of March 31, 2014 has been classified as Liabilities held for sale in the Consolidated Balance Sheet (Unaudited) at March 31, 2014. See Note 4—Assets and Liabilities Held For Sale and Discontinued Operations for further discussion on the classification.

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2014
Derivative instruments and hedging activities	'
Schedule of fair value of derivative instruments	'
		Asset Derivatives									Liability Derivatives
		March 31, 2014				December 31, 2013					March 31, 2014					December 31, 2013
		Balance Sheet	Fair			Balance Sheet		Fair			Balance Sheet		Fair			Balance Sheet	Fair
		Location	Value			Location		Value			Location		Value			Location	Value
	Derivatives not designated as hedging instruments
	Natural gas hedge positions	Derivative asset	$	—		Derivative asset		$	—		Derivative liability		$	1,441,458		Derivative liability	$	834,151
		(current)				(current)					(current)					(current)
	Natural gas hedge positions	Derivative asset	—			Derivative asset		—			Derivative liability		374,103			Derivative liability	709,571
		(non- current)				(non- current)					(non- current)					(non-current)
	Total derivatives not designated as hedging instruments		$	—				$	—				$	1,815,561			$	1,543,722
Schedule of losses (gains) on our hedging instruments have been classified as Discontinued operations included in the consolidated statements of operations	'
		Location of (Gain) or Loss Recognized in	Amount of (Gain) or Loss
			Recognized in Income on
			Derivatives
	Derivatives not designated as hedging instruments	Income on Derivatives	2014			2013
	Natural gas collar/swap settled positions	Discontinued operations	$	965,877		$	(3,099,752	)
	Natural gas collar/swap unsettled positions	Discontinued operations	271,839			8,634,871
	Total loss		$	1,237,716		$	5,535,119
Commodity derivative contract | Natural gas collar positions	'
Derivative instruments and hedging activities	'
Schedule of derivative contract positions	'
	At March 31, 2014, we had the following natural gas derivative contracts:
	Contract	Period	Volume		Sold Ceiling/			Derivative			Derivative			Total Fair
	Type		(MMBtu)		Bought Floor			liability—			liability—			Value of
								current (1)			non-current (1)			Contract
	Collar	April 2014 through December 2015	3,200,000		$	4.30/$3.60		$	(671,882	)	$	(144,771	)	$	(816,653	)
	Collar	April 2014 through December 2015	3,200,000		$	4.20/$3.50		(769,576		)	(229,332		)	(998,908		)
			6,400,000					$	(1,441,458	)	$	(374,103	)	$	(1,815,561	)
	(1)                  At March 31, 2014, Derivative liability—current and Derivative liability—non-current have each been classified as a current liability in Liabilities held for sale in the Consolidated Balance Sheet (Unaudited). See Note 4—Assets and Liabilities Held For Sale and Discontinued Operations for further discussion on the classification.
	At December 31, 2013, we had the following natural gas derivative contracts:
	Contract	Period	Volume		Fixed Price or			Derivative			Derivative			Total Fair
	Type		(MMBtu)		Sold Ceiling/			liability—			liability—			Value of
					Bought Floor			current			non-current			Contract
	Swap	January 2014 through March 2014	360,000		$	3.82		$	(164,121	)	$	—		$	(164,121	)
	Collar	January 2014 through December 2015	3,650,000		$	4.30/$3.60		(280,392		)	(296,436		)	(576,828		)
	Collar	January 2014 through December 2015	3,650,000		$	4.20/$3.50		(389,638		)	(413,135		)	(802,773		)
			7,660,000					$	(834,151	)	$	(709,571	)	$	(1,543,722	)

LongTerm_Debt_Tables

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Long-Term Debt.	'
Summary of long-term debt	'
	The following is a summary of our long-term debt at March 31, 2014 and December 31, 2013:
		March 31,			December 31,
		2014			2013
	Borrowings under credit agreement	$	70,000,000		$	71,550,000
	Less current maturities included in current liabilities	(70,000,000		)	(71,550,000		)
	Total long-term debt	$	—		$	—

Income_Taxes_Tables

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2014
Income Taxes	'
Schedule of reconciliation of effective tax rate to the statutory rate	'
	Amount computed using statutory rates	$	290,736		34	%
	State income taxes—net of federal benefit	36,859			4.31	%
	Valuation Allowance	(343,900		)	-40.22	%
	Nondeductible items and other	22,555			2.64	%
	Income tax provision	$	6,250		0.73	%

Series_A_Convertible_Redeemabl1

Series A Convertible Redeemable Preferred Stock (Tables)	3 Months Ended
	Mar. 31, 2014
Series A Convertible Redeemable Preferred Stock	'
Schedule of activity related to the Preferred Stock	'
		Dividend Period	Date Issued	Number of Shares	Balance
		(Three Months Ended)
	Balance at January 1, 2014			6,000,571	$	43,404,993
	Accretion of discount on Preferred Stock				644,744
	PIK Dividends Issued for Preferred Stock :	3/31/14	3/31/14	187,461	599,875
	Balance At March 31, 2014			6,188,032	$	44,649,612

ShareBased_Awards_Tables

Share-Based Awards (Tables)	3 Months Ended
	Mar. 31, 2014
Incentive stock option	'
Share-Based awards	'
Schedule of stock option activity	'
		Number of		Weighted		Average	Aggregate
		Options		Average		Remaining	Intrinsic
				Exercise		Contractual	Value
				Price		Life
	Outstanding at December 31, 2013	1,199,433		$	1.11
	Forfeited	(18,690	)	$	1.11
	Outstanding at March 31, 2014	1,180,743		$	1.11	2.5	$	—
	Options exercisable at March 31, 2014	1,030,531		$	1.04	3.2	$	—
Non-qualified stock option	'
Share-Based awards	'
Schedule of stock option activity	'
		Number of		Weighted		Average	Aggregate
		Options		Average		Remaining	Intrinsic
				Exercise		Contractual	Value
				Price		Life
	Outstanding at December 31, 2013	374,765		$	2.05
	Outstanding at March 31, 2014	374,765		$	2.05	0.5	$	—
	Options exercisable at March 31, 2014	333,242		$	2.22	1.3	$	—
Restricted stock	'
Share-Based awards	'
Schedule of non-vested restricted stock awards activity	'
		Number of		Weighted
		Shares		Average
				Grant Date
				Fair Value
	Non-vested restricted stock at December 31, 2013	158,065		$	1.83
	Vested	(19,123	)	$	1.32
	Forfeited	(2,877	)	$	8.16
	Non-vested restricted stock at March 31, 2014	136,065		$	1.77

Subsequent_EventsSale_of_our_C1

Subsequent Events-Sale of our Central Appalachian Assets and Termination of Credit Agreement (Details) (USD $)	3 Months Ended			0 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	12-May-14	12-May-14	12-May-14
			Subsequent event	Subsequent event	Sale of Properties in Alabama
			Natural gas hedge positions	Credit agreement	Subsequent event
Subsequent events-sale of our central appalachian assets and termination of credit agreement	'	'	'	'	'
Purchase price subject to purchase price adjustments	'	'	'	'	$107,000,000
Purchase price adjustments	'	'	'	'	9,500,000
Net proceeds from sale of properties	'	'	'	'	97,500,000
Period within closing of asset sale for determining final adjusted purchase price	'	'	'	'	'95 days
Repayment of borrowings under Credit Agreement	-1,550,000	-4,500,000	'	69,100,000	'
Settlement of derivative instruments	'	'	$3,100,000	'	'

Assets_and_Liabilities_Held_Fo2

Assets and Liabilities Held For Sale and Discontinued Operations (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Assets held for sale	'	'	'
Accounts receivable	$10,018	'	$2,900,807
Other current assets	101,909	'	692,740
Proved natural gas properties	'	'	333,109,974
Other property and equipment	'	'	3,158,701
Total property and equipment	'	'	336,268,675
Less accumulated depreciation, depletion, amortization and impairments	'	'	-293,939,624
Property and equipment-net	'	'	42,329,051
Other noncurrent assets	47,409	'	769,384
Assets held for sale	46,451,620	'	'
Liabilities held for sale	'	'	'
Accounts payable	531,263	'	3,541,770
Royalties payable	'	'	3,656,272
Accrued liabilities	8,910	'	1,073,653
Asset retirement obligations	7,979,073	'	265,470
Current portion of long-term debt	70,000,000	'	71,550,000
Derivative liability-natural gas contracts-current	'	'	834,151
Derivative liability-natural gas contracts-non-current	'	'	709,571
Liabilities held for sale	87,242,070	'	'
Expenses:	'	'	'
Income from discontinued operations	2,017,061	-4,617,223	'
Assets	'	'	'
Revenues:	'	'	'
Gas sales	9,678,375	10,879,264	'
Other	17,775	44,956	'
Total revenues	9,696,150	10,924,220	'
Expenses:	'	'	'
Lease operating expense	2,551,646	4,469,239	'
Compression and transportation expense	1,673,399	1,838,636	'
Production taxes	578,487	550,546	'
Depreciation, depletion and amortization	715,892	1,471,994	'
Losses on natural gas derivatives	1,237,716	5,535,119	'
Total operating expenses	6,757,140	13,865,534	'
Operating income (loss)	2,939,010	-2,941,314	'
Interest expense	-923,511	-1,676,329	'
Interest income	1,562	420	'
Assets | Buyer | Assets held for sale	'	'	'
Assets held for sale	'	'	'
Accounts receivable	3,509,880	'	'
Other current assets	723,456	'	'
Proved natural gas properties	333,172,981	'	'
Other property and equipment	3,083,974	'	'
Total property and equipment	336,256,955	'	'
Less accumulated depreciation, depletion, amortization and impairments	-294,727,614	'	'
Property and equipment-net	41,529,341	'	'
Other noncurrent assets	688,943	'	'
Assets held for sale	46,451,620	'	'
Assets | Buyer | Liabilities held for sale	'	'	'
Liabilities held for sale	'	'	'
Accounts payable	2,123,798	'	'
Royalties payable	3,816,900	'	'
Accrued liabilities	1,506,738	'	'
Asset retirement obligations	7,979,073	'	'
Current portion of long-term debt	70,000,000	'	'
Derivative liability-natural gas contracts-current	1,441,458	'	'
Derivative liability-natural gas contracts-non-current	374,103	'	'
Liabilities held for sale	$87,242,070	'	'

Net_Loss_Per_Common_Share_Deta

Net Loss Per Common Share (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Net Loss Per Common Share	'	'
Net loss available to common stockholders	($396,331)	($7,324,769)
Income (loss) from discontinued operations	$2,017,061	($4,617,223)
Net loss per common share-basic:	'	'
Net loss per common share from continuing operations (in dollars per share)	($0.06)	($0.07)
Income (loss) per common share from discontinued operations (in dollars per share)	$0.05	($0.11)
Net loss per common share-basic (in dollars per share)	($0.01)	($0.18)
Net loss per common share-diluted:	'	'
Net loss per common share from continuing operations (in dollars per share)	($0.06)	($0.07)
Income (loss) per common share from discontinued operations (in dollars per share)	$0.05	($0.11)
Net loss per common share-diluted (in dollars per share)	($0.01)	($0.18)
Weighted average number of common shares:	'	'
Basic (in shares)	40,514,097	40,456,773
Diluted (in shares)	40,514,097	40,456,773

Net_Loss_Per_Common_Share_Deta1

Net Loss Per Common Share (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Effect of anti-dilutive securities	'	'
Dilutive shares of preferred stock	47,600,246	40,814,346
Add back to Net loss available to common stockholders for accretion of and dividends paid for Preferred Stock (in shares)	0	0
Dilutive related add back:	'	'
Accretion of discount on Preferred Stock	$644,744	$493,537
Cash dividends paid on Preferred Stock	568	633
Dividends paid for Preferred Stock (cash and PIK)	$600,443	$1,076,318
Stock options	'	'
Effect of anti-dilutive securities	'	'
Antidilutive securities excluded from diluted weighted average shares outstanding	1,555,508	2,365,466
Restricted stock units	'	'
Effect of anti-dilutive securities	'	'
Antidilutive securities excluded from diluted weighted average shares outstanding	135,343	233,099
Preferred stock	'	'
Effect of anti-dilutive securities	'	'
Antidilutive securities excluded from diluted weighted average shares outstanding	6,188,032	5,305,865

Gas_Properties_Details

Gas Properties (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Gas Properties	'	'	'	'
Discount rate per annum used to calculate present value of estimated future net revenues (as a percent)	10.00%	'	'	'
Period of natural gas prices prior to the end of the reporting period whose unweighted arithmetic average used to calculate ceiling test	'12 months	'	'	'
Unweighted arithmetic average of the Henry Hub spot market price (in dollars per Mcf)	'	'	4.02	2.97
Natural gas price when adjusted for the regional price differentials (in dollars per Mcf)	'	'	4.14	3.03
Write-down of the carrying value of U.S. full cost pool	$0	$0	'	'

Asset_Retirement_Obligations_D

Asset Retirement Obligations (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Changes to asset retirement Obligations	'
Current portion of asset retirement obligation at the beginning of the period	$265,470
Add: Long-term portion of asset retirement obligation at the beginning of the period	8,915,407
Asset retirement obligation at beginning of the period	9,180,877
Settlements	-37,017
Accretion	194,884
Asset retirement obligation at end of the period	9,338,744
Less: Current portion of asset retirement obligation	7,979,073
Long-term portion of asset retirement obligation	$1,359,671

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities (Details) (USD $)	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	12-May-14	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
		Commodity derivative contract	Commodity derivative contract	Commodity derivative contract	Commodity derivative contract	Commodity derivative contract	Commodity derivative contract	Commodity derivative contract	Commodity derivative contract
		MMBTU	MMBTU	Subsequent event	Natural gas collar positions	Natural gas collar positions	Natural gas collar positions	Natural gas collar positions	Natural gas swap
					April 2014 through December 2015, one	April 2014 through December 2015, two	January 2014 through December 2015, one	January 2014 through December 2015, two	January 2014 through March 2014, two
					MMBTU	MMBTU	MMBTU	MMBTU	MMBTU
Derivative instruments and hedging activities	'	'	'	'	'	'	'	'	'
Settlement of derivative instruments	'	'	'	$3,100,000	'	'	'	'	'
Period of derivative contracts	'	'2 years	'	'	'	'	'	'	'
Volume (in MMBtu)	'	6,400,000	7,660,000	'	3,200,000	3,200,000	3,650,000	3,650,000	360,000
Sold Ceiling (in dollars per unit)	'	'	'	'	4.3	4.2	4.3	4.2	'
Bought Floor (in dollars per unit)	'	'	'	'	3.6	3.5	3.6	3.5	'
Fixed Price (in dollars per unit)	'	'	'	'	'	'	'	'	3.82
Derivative liability - current	-834,151	-1,441,458	-834,151	'	-671,882	-769,576	-280,392	-389,638	-164,121
Derivative liability - non-current	-709,571	-374,103	-709,571	'	-144,771	-229,332	-296,436	-413,135	'
Fair Value	'	($1,815,561)	($1,543,722)	'	($816,653)	($998,908)	($576,828)	($802,773)	($164,121)

Derivative_Instruments_and_Hed3

Derivative Instruments and Hedging Activities (Details 2) (Derivatives not designated as hedging instruments, USD $)	Mar. 31, 2014	Dec. 31, 2013
Fair value of the entity's derivative instruments	'	'
Asset Derivatives, Fair Value	$0	'
Liability Derivatives, Fair Value	1,815,561	1,543,722
Natural gas hedge positions | Derivative asset (current)	'	'
Fair value of the entity's derivative instruments	'	'
Asset Derivatives, Fair Value	0	'
Natural gas hedge positions | Derivative asset (non-current)	'	'
Fair value of the entity's derivative instruments	'	'
Asset Derivatives, Fair Value	0	'
Natural gas hedge positions | Derivative liability (current)	'	'
Fair value of the entity's derivative instruments	'	'
Liability Derivatives, Fair Value	1,441,458	834,151
Natural gas hedge positions | Derivative liability (non-current)	'	'
Fair value of the entity's derivative instruments	'	'
Liability Derivatives, Fair Value	$374,103	$709,571

Derivative_Instruments_and_Hed4

Derivative Instruments and Hedging Activities (Details 3) (Derivatives not designated as hedging instruments, USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
The Effect of Derivative Instruments on the Unaudited Consolidated Statements of Operations and Other Comprehensive Income	'	'
Discontinued operations	$1,237,716	$5,535,119
Natural gas collar/swap settled positions	'	'
The Effect of Derivative Instruments on the Unaudited Consolidated Statements of Operations and Other Comprehensive Income	'	'
Discontinued operations	965,877	-3,099,752
Natural gas collar/swap unsettled positions	'	'
The Effect of Derivative Instruments on the Unaudited Consolidated Statements of Operations and Other Comprehensive Income	'	'
Discontinued operations	$271,839	$8,634,871

LongTerm_Debt_Details

Long-Term Debt (Details) (USD $)

3 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Jun. 14, 2013

Aug. 08, 2012

12-May-14

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Jun. 14, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Borrowings under revolving Credit Agreement

Borrowings under revolving Credit Agreement

Borrowings under revolving Credit Agreement

Borrowings under revolving Credit Agreement

Credit agreement

Credit agreement

Credit agreement

Credit agreement

Credit agreement

Credit agreement

Credit agreement

Credit agreement

Credit agreement

Credit agreement

Credit agreement

Credit agreement

Credit agreement

Credit agreement

Subsequent event

Borrowings under revolving Credit Agreement

Borrowings under revolving Credit Agreement

Borrowings under revolving Credit Agreement

Borrowings under revolving Credit Agreement

2012

2013 and thereafter

LIBOR

LIBOR

Adjusted Base Rate

Adjusted Base Rate

Agent's base rate

Federal funds rate

LIBOR

Borrowings under revolving Credit Agreement

Borrowings under revolving Credit Agreement

Borrowings under revolving Credit Agreement

Borrowings under revolving Credit Agreement

Borrowings under revolving Credit Agreement

Borrowings under revolving Credit Agreement

Borrowings under revolving Credit Agreement

Long-term debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

'

'

$148,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Initial borrowing base

'

'

'

'

'

57,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Borrowings outstanding

'

'

'

'

'

'

'

'

70,000,000

'

71,600,000

77,000,000

'

'

'

'

'

'

'

'

'

Description of variable rate basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'LIBOR Rate

'

'Adjusted Base Rate

'Agent's base rate

'federal funds rate

'LIBOR Rate

Basis spread on variable rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.00%

1.00%

2.00%

'

'

'

1.00%

Capital expenditure covenant maximum

'

'

'

'

'

'

'

'

'

'

'

'

1,500,000

1,000,000

'

'

'

'

'

'

'

Interest rate at period end (as a percent)

'

'

'

'

'

'

'

'

3.21%

'

3.24%

'

'

'

'

'

'

'

'

'

'

Amount borrowed during the period

'

'

'

'

'

'

'

'

0

0

'

'

'

'

'

'

'

'

'

'

'

Payments made during the period

1,550,000

4,500,000

'

'

'

'

'

-69,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Average interest rate (as a percent)

'

'

'

4.02%

4.27%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total debt

70,000,000

'

71,550,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Less current maturities included in current liabilities

-70,000,000

'

-71,550,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total long-term debt

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of long-term debt

$69,400,000

'

$70,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Income_Taxes_Details

Income Taxes (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2014	12-May-14	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified		United States	Assets	Federal	Federal	Federal	Federal	Federal	State	State
			Subsequent event			Capital Loss Carryforward	Capital Loss Carryforward	Capital Loss Carryforward
						Canada Energy Partners, Inc.	Hudson's Hope Gas, Ltd.	Hudson's Hope Gas, Ltd.
								Canada Energy Partners, Inc.
Net operating loss carryforward	'	'	'	'	'	'	'	'	'	'
Estimated income tax payable representing alternative minimum tax	'	'	$1.20	'	'	'	'	'	'	'
Income tax benefit	'	'	0	'	'	'	'	'	'	'
Loss carry forward	'	'	'	156.1	156	0.2	33.9	'	162.6	162.3
Recorded valuation allowances	83.1	'	'	'	'	'	'	'	'	'
Valuation allowance related to U.S. operations	'	70.2	'	'	'	'	'	'	'	'
Valuation allowance related to the capital loss carryforward	'	'	'	'	'	'	'	$13	'	'

Income_Taxes_Details_2

Income Taxes (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income tax expense reconciliation	'	'
Amount computed using statutory rates	$290,736	'
State income taxes - net of federal benefit	36,859	'
Valuation Allowance	-343,900	'
Nondeductible items and other	22,555	'
Income tax provision	$6,250	$6,250
Income tax expense reconciliation	'	'
Amount computed using statutory rates (as a percent)	34.00%	'
State income taxes - net of federal benefit (as a percent)	4.31%	'
Valuation Allowance (as a percent)	-40.22%	'
Nondeductible items and other (as a percent)	2.64%	'
Income tax provision (as a percent)	0.73%	'

Common_Stock_Details

Common Stock (Details)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Common Stock	'	'
Common stock, shares issued	40,659,872	40,662,749
Common stock, shares outstanding	40,649,440	40,652,317
Treasury stock (in shares)	10,432	10,432
Restricted stock	'	'
Common Stock	'	'
Shares	136,065	158,065
Forfeited and canceled	153	'
Unvested and canceled	2,724	'

Series_A_Convertible_Redeemabl2

Series A Convertible Redeemable Preferred Stock (Details) (USD $)	1 Months Ended	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Series A Convertible Redeemable Preferred Stock	'	'	'
Number of shares issued	6,188,032	6,188,032	6,188,032
Number of shares outstanding	6,000,571	6,000,571	6,000,571
Activity related to the preferred stock (Balance)	'	'	'
Balance at the beginning of the period	'	'	$43,404,993
Balance at the end of the period	44,649,612	44,649,612	43,404,993
Series A Convertible Redeemable Preferred Stock	'	'	'
Series A Convertible Redeemable Preferred Stock	'	'	'
Number of shares issued	6,188,032	6,188,032	6,000,571
Number of shares outstanding	6,188,032	6,188,032	6,000,571
Additional shares reserved for paid-in-kind dividends	1,213,800	1,213,800	'
Activity related to common stock (Number of Shares)	'	'	'
Balance at the beginning of the period (in shares)	'	6,000,571	'
PIK Dividends Issued for Preferred Stock :	187,461	'	'
Balance at the end of the period (in shares)	6,188,032	6,188,032	'
Activity related to the preferred stock (Balance)	'	'	'
Balance at the beginning of the period	'	43,404,993	'
Accretion of discount on Preferred Stock	'	644,744	'
PIK Dividends Issued for Preferred Stock :	599,875	'	'
Balance at the end of the period	$44,649,612	$44,649,612	'

ShareBased_Awards_Details

Share-Based Awards (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Share-Based Awards	'	'
Number of shares available for grant under the plan	4,000,000	'
Term of options	'7 years	'
Vesting period	'3 years	'
Compensation expense	'	'
Compensation expense accrual	$39,343	$58,724
Future compensation cost of outstanding awards	27,150	'
Weighted average remaining useful life of the future compensation cost	'7 months 24 days	'
Lease operating expenses	'	'
Compensation expense	'	'
Allocated compensation expense	2,105	6,752
General and administrative expense	'	'
Compensation expense	'	'
Allocated compensation expense	$37,238	$51,972

ShareBased_Awards_Details_2

Share-Based Awards (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2014
Incentive stock option	'
Number of Options	'
Outstanding at the beginning of the period (in shares)	1,199,433
Forfeited (in shares)	-18,690
Outstanding at the end of the period (in shares)	1,180,743
Options exercisable at the end of the period (in shares)	1,030,531
Weighted Average Exercise Price	'
Outstanding at the beginning of the period (in dollars per share)	$1.11
Forfeited (in dollars per share)	$1.11
Outstanding at the end of the period (in dollars per share)	$1.11
Options exercisable at the end of the period (in dollars per share)	$1.04
Average Remaining Contractual Life	'
Outstanding at the end of the period	'2 years 6 months
Options exercisable at the end of the period	'3 years 2 months 12 days
Non-qualified stock option	'
Number of Options	'
Outstanding at the beginning of the period (in shares)	374,765
Outstanding at the end of the period (in shares)	374,765
Options exercisable at the end of the period (in shares)	333,242
Weighted Average Exercise Price	'
Outstanding at the beginning of the period (in dollars per share)	$2.05
Outstanding at the end of the period (in dollars per share)	$2.05
Options exercisable at the end of the period (in dollars per share)	$2.22
Average Remaining Contractual Life	'
Outstanding at the end of the period	'6 months
Options exercisable at the end of the period	'1 year 3 months 18 days
Restricted Stock	'
Number of Shares	'
Non-vested at the beginning of the period (in shares)	158,065
Vested (in shares)	-19,123
Forfeited (in shares)	-2,877
Non-vested at the end of the period (in shares)	136,065
Weighted Average Value at Grant Date	'
Non-vested at the beginning of the period (in dollars per share)	$1.83
Vested (in dollars per share)	$1.32
Forfeited (in dollars per share)	$8.16
Non-vested at the end of the period (in dollars per share)	$1.77

ShareBased_Awards_Details_3

Share-Based Awards (Details 3) (USD $)	3 Months Ended			0 Months Ended			3 Months Ended	0 Months Ended
	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013	Jun. 25, 2012	Apr. 30, 2012	Apr. 05, 2011	Mar. 31, 2014	Apr. 05, 2011
		Restricted Stock	Restricted Stock	Restricted stock units	Restricted stock units	Restricted stock units	Restricted stock units	Restricted stock units
								Executive officers
								officer
Share-Based awards	'	'	'	'	'	'	'	'
Granted (in shares)	'	'	'	'	'	232,089	0	'
Number of executive officers	'	'	'	'	'	'	'	5
Vesting period	'3 years	'	'	'	'	'	'	'3 years
Number of common shares for each unit held	'	'	'	'	'	1	'	'
Period for achieving requisite performance targets failing which the restricted stock units will expire	'	'	'	'	'	'7 years	'	'
Vested (in shares)	'	-19,123	'	'	-99,108	'	'	'
Vesting date fair value (in dollars per share)	'	'	'	'	$0.53	'	'	'
Forfeited (in shares)	'	'	'	-16,428	'	'	'	'
Number of options granted	'	136,065	158,065	0	'	'	'	'
Unrecognized compensation cost related to the restricted stock units	'	$116,553	'	'	'	'	'	'

Commitments_and_Contingencies_

Commitments and Contingencies (Details)	Mar. 31, 2014
	item
Commitments and Contingencies.	'
Number of environmental or other regulatory matters, reasonably expected to result in a material liability	0