Cross Border Resources (XBOR) 10-Q 2 Dec 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 22, 2013
Document And Entity Information	'	'
Entity Registrant Name	'Cross Border Resources, Inc.	'
Entity Central Index Key	'0001373485	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	17,336,226
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2013	'

Balance_Sheets_Unaudited

Balance Sheets (Unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current Assets	'	'
Cash and Cash Equivalents	$978,614	$241,561
Accounts Receivable - Oil and Natural Gas Sales	3,054,674	3,194,725
Prepaid Expenses & Other Current Assets	93,729	465,223
Derivative Asset - Current Portion	'	235,825
Current Tax Asset	19,600	21,737
Total Current Assets	4,146,617	4,159,071
Oil and Gas Properties	55,245,214	48,248,378
Less Accumulated Depletion, Amortization, and Impairment	-19,881,867	-16,018,892
Net Oil and Gas Properties	35,363,347	32,229,486
Other Assets	'	'
Other Property and Equipment, net of Accumulated Depreciation of $91,169 and $77,190 in 2013 and 2012, respectively	39,301	53,280
Restricted Cash	206,087	'
Deferred financing costs, net of accumulated amortization of $8,844 and $113,581 in 2013 and 2012, respectively	102,175	101,045
Derivative Asset, net of Current Portion	3,504	54,963
Other Assets	54,324	54,324
Total Other Assets	405,391	263,612
TOTAL ASSETS	39,915,355	36,652,169
Current Liabilities	'	'
Accounts Payable - Trade	901,996	4,226,547
Accounts Payable - Related Party	1,830,006	215,495
Interest Payable	'	130,929
Accrued Expenses & Other Payables	203,802	61,065
Notes Payable - Current	'	764,278
Creditors Payable - Current Portion	'	758,167
Derivative liability	95,896	'
Environmental Liability - Current Portion	1,043,416	860,000
Asset Retirement Obligation - Current Portion	455,515	452,013
Deferred Tax Liability	19,600	21,737
Total Current Liabilities	4,550,231	7,490,231
Non-Current Liabilities:	'	'
Asset Retirement Obligations	2,998,267	2,865,345
Deferred Income Tax Liability	'	'
Environmental Liability, Net of Current Portion	1,043,417	1,240,000
Line of Credit	12,200,000	8,750,000
Creditors Payable, Net of Current Portion	'	594,616
Total Non-Current Liabilities	16,241,684	13,449,961
Total Liabilities	20,791,915	20,940,192
Commitments & Contingencies (Note 10)	'	'
STOCKHOLDERS' EQUITY	'	'
Common Stock ($0.001 par value; 99,000,000 authorized and 17,336,226 issued and oustanding as of September 30, 2013 and 16,301,946 as of December 31, 2012)	17,336	16,302
Additional Paid in Capital	33,462,473	32,770,540
Accumulated Deficit	-14,356,369	-17,074,865
Total Stockholders' Equity	19,123,440	15,711,977
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$39,915,355	$36,652,169

Balance_Sheets_Unaudited_Paren

Balance Sheets (Unaudited) (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Balance Sheets	'	'
Accumulated depreciation of other property and equipment	$91,169	$77,190
Accumulated amortization deferred financing costs	$8,844	$113,581
Common Stock, par value	$0.00	$0.00
Common Stock, shares authorized	99,000,000	99,000,000
Common Stock, shares issued	17,336,226	16,301,946
Common Stock, shares outstanding	17,336,226	16,301,946

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
REVENUES AND GAINS:	'	'	'	'
Oil and gas sales	$3,430,100	$2,811,224	$10,224,147	$10,532,615
Other - deferred revenue	'	'	'	32,479
Total revenues	3,430,100	2,811,224	10,224,147	10,565,094
EXPENSES:	'	'	'	'
Operating costs	532,443	715,012	1,865,199	1,695,239
Natural gas marketing and transportation expenses	16,750	'	65,890	'
Production taxes	388,546	218,552	783,141	747,510
Depreciation, depletion, amortization	1,082,315	1,339,554	3,876,954	2,875,612
Impairment of oil & gas properties	'	'	'	1,775,796
Loss on sale of oil and gas properties	'	47,607	'	47,607
Accretion Expense	37,982	17,905	109,684	52,146
General and administrative	251,551	500,975	847,677	2,733,965
Total expense	2,309,587	2,839,605	7,548,545	9,927,875
Gain (loss) from operations	1,120,513	-28,381	2,675,602	637,219
Other income (expense):	'	'	'	'
Bond issuance amortization	'	'	'	-159,554
Gain (loss) on derivatives	-304,858	-447,010	-327,415	514,901
Gain on settlement of debt	'	'	858,452	'
Interest expense	-142,122	-135,112	-488,144	-404,039
Miscellaneous other income	'	4,530	'	8,402
Total other income (expense)	-446,980	-577,592	42,893	-40,290
Income (loss) before income taxes	673,533	-605,973	2,718,495	596,929
Current tax benefit	'	194,828	'	89,973
Deferred tax expense	'	-194,828	'	-89,973
Income tax expense	'	'	'	'
Net income (loss)	$673,533	($605,973)	$2,718,495	$596,929
Net loss per share:	'	'	'	'
Basic and diluted	$0.04	($0.04)	$0.16	$0.04
Weighted average shares outstanding:	'	'	'	'
Basic and diluted	17,336,226	16,151,946	17,112,700	16,151,946

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net income	$2,718,495	$596,929
Adjustments to reconcile net income to cash used by operating activities:	'	'
Depreciation, depletion, amortization, and impairment	3,876,954	4,619,650
Gain on Settlement of Creditors Liability	-350,800	'
Gain on Conversion of Notes	-485,416	'
Settlement of environmental liability	-13,167	'
Accretion of asset retirement obligations	109,684	52,146
(Gain) loss on disposition of assets	'	47,607
Amortization of debt discount and deferred financing costs	-1,130	218,631
Change in derivative instrument	'	-406,485
Changes in operating assets and liabilities:	'	'
Accounts receivable	140,051	-1,228,431
Prepaid expenses and other current assets	369,380	1,333,249
Accounts payable	-781,646	314,870
Accounts payable - related party	'	370,578
Restricted Cash	-206,087	'
Accrued expenses	142,738	-532,506
Derivative asset/liability	383,180	'
Deferred income tax	'	'
Deferred revenue	'	-32,479
Other current liabilities	'	503,773
NET CASH PROVIDED BY OPERATING ACTIVITIES	5,902,236	5,857,532
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Capital expenditures - oil and gas properties	-7,954,272	-10,913,119
Proceeds from disposal of oil and gas properties	'	2,250,000
Capital expenditures - other assets	'	'
NET CASH USED IN INVESTING ACTIVITIES	-7,954,272	-8,663,119
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Borrowings on line of credit	12,200,000	7,119,000
Payments on line of credit	-8,750,000	-750,000
Repayments of bonds	'	-3,395,000
Repayments to creditors	-660,911	-186,761
NET CASH PROVIDED BY FINANCING ACTIVITIES	2,789,089	2,787,239
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	737,053	-18,348
Cash and cash equivalents, beginning of period	241,561	472,967
Cash and cash equivalents, end of period	978,614	454,619
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:	'	'
Interest paid	528,796	309,631
NON-CASH TRANSACTIONS	'	'
Oil and natural gas properties included in accounts payable	0	132,915
Oil and natural gas properties included in accrued expenses	0	'
Issuance of common stock to settle liability	-692,967	'
Additions of ARO	$28,024	'

Organization

Organization	9 Months Ended
	Sep. 30, 2013
Organization	'
Organization	'
	1.	Organization
	Nature of Operations
	The Company is an independent natural gas and oil company engaged in the exploration, development, exploitation, and acquisition of natural gas and oil reserves in North America.  The Company’s primary area of focus is the State of New Mexico, particularly southeastern New Mexico.  The Company has two wholly-owned subsidiaries, which are inactive: Doral West Corporation and Pure Energy Operating, Inc, and accordingly are not consolidated in these financial statements.

Going_Concern

Going Concern	9 Months Ended
	Sep. 30, 2013
Going Concern	'
Going Concern	'
	2.	Going Concern
	These financial statements have been prepared on the basis of accounting principles applicable to a going concern. These principles assume that the Company will be able to realize its assets and discharge its obligations in the normal course of operations for the foreseeable future.
	At September 30, 2013, the Company had a working capital deficit of $403,614 and outstanding debt (consisting of a line of credit) of $12,200,000. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Summary Of Significant Accounting Policies	'
Summary of Significant Accounting Policies	'
	3.	Summary of Significant Accounting Policies
	Reclassification
	Certain amounts have been reclassified to conform with the current period presentation. The amounts reclassified did not have an effect on the Company’s results of operations or stockholders’ equity.
	Cash and cash equivalents
	The Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. At times, the amount of cash and cash equivalents on deposit in financial institutions exceeds federally insured limits. The Company monitors the soundness of the financial institutions and believes the Company’s risk is negligible.
	Financial instruments
	The carrying amounts of financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities and long-term debt, approximate fair value as of September 30, 2013 and December 31, 2012.
	Oil and natural gas properties
	The Company follows the successful efforts method of accounting for its oil and natural gas producing activities.  Costs to acquire mineral interests in oil and natural gas properties and to drill and equip development wells and related asset retirement costs are capitalized. Costs to drill exploratory wells are capitalized pending determination of whether the wells have proved reserves. If the Company determines that the wells do not have proved reserves, the costs are charged to expense. There were no exploratory wells capitalized pending determination of whether the wells have proved reserves at December 31, 2012 or September 30, 2013. Geological and geophysical costs, including seismic studies and costs of carrying and retaining unproved properties, are charged to expense as incurred. The Company capitalizes interest on expenditures for significant exploration and development projects that last more than six months while activities are in progress to bring the assets to their intended use. Through September 30, 2013, the Company had capitalized no interest costs because its exploration and development projects generally lasted less than six months. Costs incurred to maintain wells and related equipment are charged to expense as incurred.
	On the sale or retirement of a complete unit of a proved property, the cost and related accumulated depreciation, depletion and amortization are eliminated from the property accounts, and the resultant gain or loss is recognized. On the retirement or sale of a partial unit of proved property, the cost is charged to accumulated depreciation, depletion and amortization, with a resulting gain or loss recognized in income.
	Capitalized amounts attributable to proved oil and natural gas properties are depleted by the unit-of-production method over proved reserves using the unit conversion ratio of six Mcf of gas to one barrel of oil equivalent (“Boe”). The ratio of six Mcf of natural gas to one Boe is based upon energy equivalency, rather than price equivalency. Given current price differentials, the price for a Boe for natural gas differs significantly from the price for a barrel of oil.
	It is common for operators of oil and natural gas properties to request that joint interest owners pay for large expenditures, typically for drilling new wells, in advance of the work commencing. This right to call for cash advances is typically found in the operating agreement that joint interest owners in a property adopt. The Company records these advance payments in prepaid and other current assets and release this account when the actual expenditure is later billed to it by the operator.
	On the sale of an entire interest in an unproved property for cash or cash equivalents, gain or loss on the sale is recognized, taking into consideration the amount of any recorded impairment if the property had been assessed individually. If a partial interest in an unproved property is sold, the amount received is treated as a reduction of the cost of the interest retained.
	Impairment of long-lived assets
	The Company evaluates its long-lived assets for potential impairment in their carrying values whenever events or changes in circumstances indicate such impairment may have occurred. Oil and natural gas properties are evaluated for potential impairment by field. Other properties are evaluated for impairment on a specific asset basis or in groups of similar assets, as applicable. An impairment on proved properties is recognized when the estimated undiscounted future net cash flows of an asset are less than its carrying value. If an impairment occurs, the carrying value of the impaired asset is reduced to its estimated fair value, which is generally estimated using a discounted cash flow approach. If the results of an assessment indicate that the properties are impaired, the amount of the impairment is added to the capitalized costs to be amortized.
	Unproved oil and natural gas properties do not have producing properties. As reserves are proved through the successful completion of exploratory wells, the cost is transferred to proved properties. The cost of the remaining unproved basis is periodically evaluated by management to assess whether the value of a property has diminished. To do this assessment, management considers estimated potential reserves and future net revenues from an independent expert, the Company’s history in exploring the area, the Company’s future drilling plans per its capital drilling program prepared by the Company’s reservoir engineers and operations management and other factors associated with the area. Impairment is taken on the unproved property cost if it is determined that the costs are not likely to be recoverable. The valuation is subjective and requires management to make estimates and assumptions which, with the passage of time, may prove to be materially different from actual results.
	Revenue and accounts receivable
	The Company recognizes revenue for its production when the quantities are delivered to, or collected by, the purchaser. Prices for such production are generally defined in sales contracts and are readily determinable based on certain publicly available indices. All transportation costs are included in lease operating expense.
	Accounts receivable—oil and natural gas sales consist of uncollateralized accrued revenues due under normal trade terms, generally requiring payment within 30 to 60 days of production. Accounts receivable—other consist of amounts owed from interest owners of the Company’s operated wells.  No interest is charged on past-due balances. Payments made on all accounts receivable are applied to the earliest unpaid items. The Company reviews accounts receivable periodically and reduces the carrying amount by a valuation allowance that reflects its best estimate of the amount that may not be collectible.  There was no reserve for bad debts as of September 30, 2013 or December 31, 2012.
	Other property
	Furniture, fixtures and equipment are carried at cost. Depreciation of furniture, fixtures and equipment is provided using the straight-line method over estimated useful lives ranging from three to ten years. Gain or loss on retirement or sale or other disposition of assets is included in income in the period of disposition.
	Income taxes
	The Company is subject to U.S. federal income taxes along with state income taxes in Texas and New Mexico. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the Company’s Statements of Operations. The Company accrues interest and penalties, if any, related to unrecognized tax benefits as a component of income tax expense.
	Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the tax rate in effect for the year in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the year of the enacted tax rate change. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized.
	Asset retirement obligations
	Asset retirement obligations (“AROs”) associated with the retirement of tangible long-lived assets are recognized as liabilities with an increase to the carrying amounts of the related long-lived assets in the period incurred. The cost of the tangible asset, including the asset retirement cost, is depreciated over the useful life of the asset. AROs are recorded at estimated fair value, measured by reference to the expected future cash outflows required to satisfy the retirement obligations discounted at the Company’s credit-adjusted risk-free interest rate. Accretion expense is recognized over time as the discounted liabilities are accreted to their expected settlement value. If estimated future costs of AROs change, an adjustment is recorded to both the ARO and the long-lived asset. Revisions to estimated AROs can result from changes in retirement cost estimates, revisions to estimated inflation rates and changes in the estimated timing of abandonment.
	Business combinations
	We follow ASC 805, Business Combinations (“ASC 805”), and ASC 810-10-65, Consolidation (“ASC 810-10-65”). ASC 805 requires most identifiable assets, liabilities, non-controlling interests, and goodwill acquired in a business combination to be recorded at “fair value.” The statement applies to all business combinations, including combinations among mutual entities and combinations by contract alone. Under ASC 805, all business combinations will be accounted for by applying the acquisition method. Accordingly, transaction costs related to acquisitions are to be recorded as a reduction of earnings in the period they are incurred and costs related to issuing debt or equity securities that are related to the transaction will continue to be recognized in accordance with other applicable rules under U.S. GAAP. ASC 810-10-65 requires non-controlling interests to be treated as a separate component of equity, not as a liability or other item outside of permanent equity. The statement applies to the accounting for non-controlling interests and transactions with non-controlling interest holders in consolidated financial statements.
	Earnings per common share
	The Company reports basic earnings per common share, which excludes the effect of potentially dilutive securities, and diluted earnings per common share, which includes the effect of all potentially dilutive securities, unless their impact is anti-dilutive.
	Recently issued accounting pronouncements
	In May 2011, the FASB issued an accounting pronouncement related to fair value measurement (FASB ASC Topic 820), which amends current guidance to achieve common fair value measurement and disclosure requirements in U.S. GAAP and International Financial Reporting Standards. The amendments generally represent clarification of FASB ASC Topic 820, but also include instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed. This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. We adopted this pronouncement for our fiscal year beginning January 1, 2012 and the adoption of this pronouncement did not have a material effect on our financial statements.
	In December 2011, the Financial Accounting Standards Board (“FASB”) issued new standards that require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The new standards are effective for annual periods beginning on or after January 1, 2013. We are currently evaluating the provisions of the new standards and assessing the impact, if any, it may have on our financial position and results of operations.

Asset_retirement_obligations

Asset retirement obligations	9 Months Ended
	Sep. 30, 2013
AssetRetirementObligationsAbstract	'
Asset retirement obligations	'
	4 – Asset retirement obligations
	The following is a description of the changes to the Company’s asset retirement obligations for the periods ended September 30, 2013 and December 31, 2012:
		September 30,			December 31,
		2013			2012
	Asset retirement obligations at beginning of year	$	3,317,358		$	1,186,260
	Disposal of assets		—			(88,650	)
	Settlement of liabilities		(1,284	)		(55,915	)
	Revision of previous estimates		—			1,797,626
	Accretion expense		109,684			94,556
	Additions		28,024			383,481
	Asset retirement obligations at end of period	$	3,453,782		$	3,317,358
	Less: current portion		455,515			452,013
	Long-term portion	$	2,998,267		$	2,865,345

Property_and_Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2013
Property And Equipment	'
Property and Equipment	'
	5 – Property and equipment
	Oil and natural gas properties
	The following table sets forth the capitalized costs under the successful efforts method for oil and natural gas properties:
		September 30,			December 31,
		2013			2012
	Oil and natural gas properties	$	55,245,214		$	48,248,378
	Less accumulated depletion and impairment		(19,881,867	)		(16,018,892	)
	Net oil and natural gas properties capitalized costs	$	35,363,347		$	32,229,486
	Capitalized costs related to proved oil and natural gas properties, including wells and related equipment and facilities, are evaluated for impairment based on the Company’s analysis of undiscounted future net cash flows. If undiscounted future net cash flows are insufficient to recover the net capitalized costs related to proved properties, then the Company recognizes an impairment charge in income equal to the difference between carrying value and the estimated fair value of the properties. Estimated fair values are determined using discounted cash flow models. The discounted cash flow models include management’s estimates of future oil and natural gas production, operating and development costs, and discount rates.
	Uncertainties affect the recoverability of these costs as the recovery of the costs outlined above are dependent upon the Company obtaining and maintaining leases and achieving commercial production or sale.
	Other property and equipment
	The historical cost of other property and equipment, presented on a gross basis with accumulated depreciation is summarized as follows:
		September 30,			December 31,
		2013			2012
	Other property and equipment	$	130,470		$	130,470
	Less accumulated depreciation		(91,169	)		(77,190	)
	Net property and equipment	$	39,301		$	53,280

Stockholders_equity_and_earnin

Stockholders' equity and earnings per share	9 Months Ended
	Sep. 30, 2013
Stockholders Equity And Earnings Per Share	'
Stockholders' equity and earnings per share	'
	6 – Stockholders’ equity and earnings per share
	2011 Equity Financing
	On May 26, 2011, the Company closed a private offering exempt from registration under the Securities Act of 1933 pursuant to Rule 506 of Regulation D promulgated thereunder.  In the offering, the Company issued an aggregate of 3,600,000 units.  Each unit was sold at $1.50 and was comprised of one share of common stock and one five-year warrant to purchase a share of common stock at an exercise price of $2.25 per share.   The warrants became exercisable on November 26, 2011.  The Company agreed to use the net proceeds from the sale of the units for general business and working capital purposes and not to use such proceeds for the redemption of any common stock or common stock equivalents.
	The investors in the offering (“Selling Stockholders”) received registration rights.  The Company agreed to file a registration statement covering the resale of the common stock issued and the common stock underlying the warrants issued to the Selling Stockholders within sixty days after the closing date.  If the registration statement was not declared effective by the SEC within the time periods defined within the agreement, then the Company would have made pro rata cash payments to each Selling Stockholder as liquidated damages in an amount equal to 1.0% of the aggregate amount invested by such Selling Stockholder for each 30-day period or pro rata for any portion thereof following the date by which such Registration Statement should have been effective.  If at the time of exercise of the warrants there is no effective registration statement covering the resale of the shares underlying the warrant, then the Selling Stockholders have the right at such time to exercise warrants in full or in part on a cashless basis. The Company filed an S-1 registration statement registering the shares on July 25, 2011, which was declared effective on August 5, 2011.
	In addition to registration rights, the Selling Stockholders were offered a right of first refusal to participate in future offerings of common stock if the principal purpose of which was to raise capital.  This right of first refusal terminated upon the one-year anniversary of the closing date.
	Warrants
	In connection with the equity offering closed on May 26, 2011, the Company issued warrants to purchase an aggregate of 3,600,000 shares of the Company’s common stock at a per share price of $2.25 (the "$2.25 Warrants").  The Company also has outstanding warrants to purchase 3,125 shares of the Company’s common stock at a per share price of $5.00.  The $2.25 Warrants became exercisable in November 2011 and expire in November 2015. On the date of issuance, the warrants were valued at $898,384. Management determined the fair value of the warrants based upon the Black-Scholes option model with a volatility based on the historical closing price of common stock of industry peers and the closing price of the Company’s common stock on the OTCBB on the date of issuance. The volatility and remaining term was 50% and 2.92 years, respectively. The Company does not expect the immediate exercise of these warrants as the exercise price exceeds the average closing market price for the Company's common stock. Furthermore, no assurances can be made that any of the warrants will ever be exercised for cash or at all.
	Issuance of Shares to Former Executive
	On November 7, 2012, the Company issued 150,000 shares (the “Shares”) of its common stock to Everett Willard Gray II, in full satisfaction of any remaining amounts owed to Mr. Gray by the Company pursuant to Mr. Gray’s employment agreement with the Company, dated as of January 31, 2011 and amended as of March 6, 2012 and April 20, 2012 (as amended, the “Employment Agreement”). Mr. Gray resigned as the Company’s Chairman and Chief Executive Officer effective May 31, 2012 in connection with the transactions described in the Company’s Current Report on Form 8-K filed on April 24, 2012. The Employment Agreement provided for him to receive severance payments of $478,298, payable in installments, of which $239,149 remained to be paid, which was satisfied by the issuance of the 150,000 shares.
	Stock Options
	In 2011, the Company issued options to purchase 87,000 shares of its common stock at $4.80 to its directors.  For the year ended December 31, 2012 and the nine months ended September 30, 2013, there was no stock based compensation.
	Stock option activity summary is presented in the table below:
							Weighted-
							average
					Weighted-		Remaining
					average		Contractual
			Number of		Exercise		Term
			Shares		Price		(years)
	Outstanding at December 31, 2011			87,500	$	4.8		4.08
	Granted			—		—		—
	Cancelled			—		—		—
	Exercised			—		—		—
	Forfeited			—		—		—
	Expired			—		—		—
	Outstanding and exercisable at December 31, 2012			87,500		4.8		3.08
	Granted			—		—		—
	Cancelled			—		—		—
	Exercised			—		—		—
	Forfeited			—		—		—
	Expired			—		—		—
	Outstanding and exercisable at September 30, 2013			87,500	$	4.8		3.83
	There is no intrinsic value in the outstanding options since the option price is in excess of the market price of the Company's common stock.
	The fair value of the options granted during 2011 was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:
	Closing market price of stock on grant date	$3.11
	Risk-free interest rate	2.43%
	Dividend yield	0.00%
	Volatility factor	50%
	Expected life	2.5 years
	The Company elected to use the “simplified” method to calculate the estimated life of options granted to employees. The use of the “simplified” method has been extended until such time when the Company has sufficient information to make more refined estimates on the estimated life of its options. The expected stock price volatility was calculated by averaging the historical volatility of the Company’s common stock over a term equal to the expected life of the options.
	Issuance of Common Shares to Settle Creditors Payable
	As described in Note 9, the Company entered into settlement agreements with two of the creditors payable arising out of the 2002 bankruptcy.  The Company paid the creditors $633,975 in cash and the Company’s largest shareholder, Red Mountain Resources, Inc. (“RMR”), issued approximately 750,000 shares of its common stock to the creditors in settlement of the claims.  In return for RMR issuing its shares to the creditors payable, the Company issued RMR 422,650 shares of its common stock.
	Conversion of Notes Payable
	On February 28, 2013, RMR, the holder of the Green Shoe and Little Bay notes, elected to convert the outstanding notes and accrued interest into common shares.  The board of directors of the Company had previously resolved to change the conversion feature from $4.00 per common share to $1.50 per common share.  As a result, the Company issued 611,630 common shares to RMR.

Related_party_transactions

Related party transactions	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related party transactions	'
	7 – Related party transactions
	On April 11, 2012, the Company advanced its then Chief Executive Officer, E. Willard Gray, II, $119,575 related to the change in control provisions in Mr. Gray's employment agreement.  At September 30, 2012, $42,070 remained outstanding (shown as Accounts receivable - related party on the Balance Sheet), which was deducted from the second change of control payment to him from the Company in July 2012.
	During the year ended December 31, 2012, RMR incurred approximately $628,274 for general and administrative expenses and operating costs that will be reimbursed by the Company for accounting services and attendance of certain of the Company’s directors and officers at the Company’s annual meeting of stockholders and for costs associated with workovers on three of the Company’s salt water disposal wells, of which $215,495 remained unpaid at December 31, 2012.  The expenditures pertaining to the operating costs were incurred pursuant to a technical services agreement between the Company and RMR.  During the nine months ended September 30, 2013, RMR incurred approximately $1,830,006 of such expenditures (including a $900,000 cash advance), $1,830,006 of which remained unpaid at September 30, 2013.

Long_term_debt

Long term debt	9 Months Ended
	Sep. 30, 2013
Long-term Debt, Unclassified [Abstract]	'
Long term debt	'
	8 – Long term debt
	Notes Payable Green Shoe Investments – Related Party
	In connection with the January 2011 merger, the Company, as the accounting acquirer, assumed an unsecured loan from Green Shoe Investments Ltd. (“Green Shoe”) in the principal amount of $487,000 at an interest rate of 5.0%
	On April 26, 2011, the Company entered into a Loan Agreement with Green Shoe, and the Company executed and delivered a Promissory Note to Green Shoe in connection therewith.  The amount of the Promissory Note and the loan from Green Shoe (the “Green Shoe Loan”) was $550,936 and the purpose of the Green Shoe Loan was to consolidate and extend all of the loans owed by the Company and its predecessors to Green Shoe including without limitation the following:  (i) loan dated May 9, 2008 in the principal amount of $100,000, (ii) loan dated May 23, 2008 in the principal amount of $150,000, (iii) loan dated July 18, 2008 in the principal amount of $50,000, (iv) loan dated February 24, 2009 in the principal amount of $100,000, and (v) loan dated April 29, 2009 in the principal amount of $87,000 plus accrued interest of $63,936.  The Green Shoe Loan was unsecured.
	Beginning March 31, 2011 (the effective date of the Promissory Note), the amounts owed under the Promissory Note began to accrue interest at a rate of 9.99%, and the Promissory Note provided that no payments of principal or interest were due until the maturity date of September 30, 2012.  The Company is obligated to pay all accrued interest and make a principal payment equal to one-third of the principal owed upon the closing of an equity offering resulting in a specified amount of net proceeds to the Company.  In addition, Green Shoe was granted the right to convert the principal and interest owed into shares of common stock of the Company at a conversion price of $4.00 per share. The principal balance of the note as of September 30, 2012 was $367,309.
	The debt and associated accrued interest were not repaid at maturity on September 30, 2012.  On October 22, 2012, the Company received notice from the lender’s counsel that it would be considered in default on the note beginning November 1, 2012 if the note and accrued interest were not paid in full.  From November 1, 2012, the note began to accrue interest at the default rate of 18%.  On November 30, 2012, Jackson Street Investors, LLC purchased the note from Green Shoe Investments.  Subsequently, on December 12, 2012, RMR purchased the note from Jackson Street Investors, LLC.  As of December 31, 2012, the note had a principal balance of $367,309 and an accrued interest balance of $62,924.
	On February 28, 2013, the Company’s Board of Directors approved a resolution to modify the terms of the note so that the conversion price was reduced from $4.00 to $1.50 per share.  On February 28, 2013, RMR converted the principal balance of $367,309 and accrued interest balance of $73,611 into 293,947 shares of the Company’s common stock.
	Notes Payable Little Bay Consulting – Related Party
	In connection with the January 2011 merger, the Company, as the accounting acquirer, assumed an unsecured loan from Little Bay Consulting SA (“Little Bay”) in the principal amount of $520,000 at an interest rate of 5%.
	On April 26, 2011, the Company entered into a Loan Agreement with Little Bay, and the Company executed and delivered a Promissory Note to Little Bay in connection therewith.  The amount of the Promissory Note and the loan from Little Bay (the “Little Bay Loan”) was $595,423 and the purpose of the Little Bay Loan was to consolidate and extend all of the loans owed by the Company and its predecessors to Little Bay including without limitation the following: (i) loan dated March 7, 2008 in the original principal amount of $220,000, (ii) loan dated July 18, 2008 in the original principal amount of $100,000, and (iii) loan dated October 3, 2008 in the principal amount of $200,000 plus accrued interest of $75,423.  The Little Bay Loan was unsecured.
	Beginning March 31, 2011 (the effective date of the Promissory Note), the amounts owed under the Promissory Note began to accrue interest at a rate of 9.99%, and the Promissory Note provided that no payments of principal or interest were due until the maturity date of September 30, 2012.  The Company is obligated to pay all accrued interest and make a principal payment equal to one-third of the principal owed upon the closing of an equity offering resulting in a specified amount of net proceeds to the Company.  In addition, Little Bay was granted the right to convert the principal and interest owed into shares of common stock of the Company at a conversion price of $4.00 per share. The principal balance of the note as of September 30, 2012 is $396,969.
	The debt and associated accrued interest were not repaid at maturity on September 30, 2012.  On October 22, 2012, the Company received notice from the lender’s counsel that it would be considered in default on the note beginning November 1, 2012 if the note and accrued interest were not paid in full.  From November 1, 2012, the note began to accrue interest at the default rate of 18%.    On November 30, 2012, Jackson Street Investors, LLC purchased the note from Little Bay Consulting, S.A.  Subsequently, on December 12, 2012, RMR purchased the note from Jackson Street Investors, LLC.  As of December 31, 2012, the note had a principal balance of $396,969 and an accrued interest balance of $68,005.
	On February 28, 2013, the Company’s Board of Directors approved a resolution to modify the terms of the note so that the conversion price was reduced from $4.00 to $1.50 per share.  On February 28, 2013, RMR converted the principal balance of $396,969 and accrued interest balance of $79,555 into 317,683 shares of the Company’s common stock.
	Operating Line of Credit
	As of December 31, 2011, the borrowing base on the Texas Capital Bank (“TCB”) line of credit was $4,500,000.  Effective March 1, 2012, the borrowing base was increased to $9,500,000. The interest rate was calculated at the greater of the adjusted base rate or 4%. The line of credit is collateralized by producing wells and was set to mature on January 14, 2014.  As a result of the sale of certain interests in oil and gas properties, effective August 1, 2012, the borrowing base was reduced by $750,000 and that amount was repaid to TCB out of the sale proceeds.
	On February 5, 2013, the Company entered into a Senior First Lien Secured Credit Agreement with RMR, Black Rock Capital, Inc. and RMR Operating, LLC and Independent Bank, as Lender.  RMR owns approximately 81% of the outstanding common stock of Cross Border and Black Rock and RMR Operating are wholly owned subsidiaries of RMR.  On February 5, 2013, the Company drew $8,900,000 on the line of credit and used those funds to pay off the line of credit and associated accrued interest.  On February 29, 2013, the Company drew $2,000,000 and on May 24, 2013, the Company drew a further $1,300,000 on the line of credit and used those funds to pay accounts payable related to the drilling program.  As of September 30, 2013, the Credit Agreement balance was $12,200,000, leaving $7,800,000 available.
	The borrowing base under the Credit Facility is determined at the discretion of the Lender based on, among other things, the Lender’s estimated value of the proved reserves attributable to the Borrowers’ oil and natural gas properties that have been mortgaged to the Lender, and is subject to regular redeterminations on September 30 and March 31 of each year, and interim redeterminations described in the Credit Agreement and potentially monthly commitment reductions, in each case which may reduce the amount of the borrowing base. As of September 30, 2013, the borrowing base was $30,000,000 million, leaving $17,800,000 of availability.

Creditors_payable

Creditors payable	9 Months Ended
	Sep. 30, 2013
Creditors Payable	'
Creditors payable	'
	9 – Creditors payable
	In 2002, the prior owner of Pure Sub filed a petition for reorganization with the United States Bankruptcy Court.  According to the plan of reorganization, three creditors were to receive a combined amount of approximately $3,000,000 for their claims out of future net revenues of Pure Sub (defined as revenues from producing wells net of lease operating expenses and other direct costs).
	On February 28, 2013, the Company entered into settlement agreements with two of the creditors.  Under the agreement, one creditor with a balance of $608,727 as of December 31, 2012 was paid $304,363 in cash and the Company arranged for its largest shareholder, RMR, to issue the creditor 358,075 shares of RMR’s common stock.  The other creditor with a balance of $659,224 as of December 31, 2012 was paid $329,612 and the Company arranged for RMR to issue the creditor 387,779 shares of RMR’s common stock.

Commitments_and_contingencies

Commitments and contingencies	9 Months Ended
	Sep. 30, 2013
Commitments And Contingencies	'
Commitments and contingencies	'
	10 – Commitments and contingencies
	Litigation
	On May 4, 2011, Clifton M. (Marty) Bloodworth filed a lawsuit in the State District Court of Midland County, Texas, against Doral West Corp. d/b/a Doral Energy Corp. and Everett Willard Gray II.  Mr. Bloodworth alleges that Mr. Gray, as CEO of the Company, made false representations which induced Mr. Bloodworth to enter into an employment contract that was subsequently breached by the Company.  The claims that Mr. Bloodworth has alleged are:  breach of his employment agreement with Doral, common law fraud, civil conspiracy breach of fiduciary duty, and violation of the Texas Deceptive Trade Practices-Consumer Protection Act.  Mr. Bloodworth is seeking damages of approximately $280,000.  Mr. Gray and the Company deny that Mr. Bloodworth’s claims have any merit.
	The Company was previously party to an engagement letter, dated February 7, 2012 (the "Engagement Letter"), with KeyBanc Capital Markets Inc. ("KeyBanc") pursuant to which KeyBanc was to act as exclusive financial advisor to the Company’s Board of Directors in connection with a possible "Transaction" (as defined in the Engagement Letter).  The Engagement Letter was formally terminated by the Company on August 21, 2012. The Engagement Letter provided that KeyBanc would be entitled to a fee upon consummation of a Transaction within a certain period of time following termination of the Engagement Letter. On May 16, 2013, KeyBanc delivered an invoice to the Company in the amount of $751,334, representing amounts purportedly owed by the Company to KeyBanc as a result of the consummation of a purported Transaction KeyBanc asserts had been consummated within the required time period and its out-of-pocket expenses in connection therewith.  The Company disputes that any Transaction was consummated and that KeyBanc is entitled to any out-of-pocket expenses.  The matter was originally filed in the 44th-B Judicial District Court for the State of Texas, Dallas County but was subsequently removed to the United States District Court for the Northern District of Texas, Dallas Division.  The Company intends to vigorously defend the action.
	Environmental Contingencies
	The Company is subject to federal and state laws and regulations relating to the protection of the environment.  Environmental risk is inherent to oil and natural gas operations and the Company could be subject to environmental cleanup and enforcement actions.  The Company manages this environmental risk through appropriate environmental policies and practices to minimize the impact to the Company.
	As of September 30, 2013, the Company had approximately $2,100,000 in environmental liabilities related to its operated Tom Tom Tomahawk field located in Chaves and Roosevelt counties New Mexico.  In February 2013, the Bureau of Land Management (“BLM”) accepted the Company’s remediation plan for the Tom Tom and Tomahawk fields.  The Company is working in conjunction with the BLM to initiate remediation on a site-by-site basis.  This is management’s best estimate of the costs of remediation and restoration with respect to these environmental matters, although the ultimate cost could differ materially.  Inherent uncertainties exist in these estimates due to unknown conditions, changing governmental regulation, and legal standards regarding liability, and emerging remediation technologies for handling site remediation and restoration.  The Company expects to incur these expenditures over a twenty-four month period beginning in September 2013.

Price_risk_management_activiti

Price risk management activities	9 Months Ended
	Sep. 30, 2013
Price Risk Management Activities	'
Price risk management activities	'
	11 – Price risk management activities
	ASC 815-25 (formerly SFAS No. 133 “Accounting for Derivative Instruments and Hedging Activities”) requires that all derivative instruments be recorded on the balance sheet at their fair value. Changes in the fair value of each derivative are recorded each period in current earnings or other comprehensive income, depending on whether the derivative is designated as part of a hedge transaction and, if it is, the type of hedge transaction. When choosing to designate a derivative as a hedge, management formally documents the hedging relationship and its risk-management objective and strategy for undertaking the hedge, the hedging instrument, the item, the nature of the risk being hedged, how the hedging instrument’s effectiveness in offsetting the hedged risk will be assessed, and a description of the method of measuring effectiveness. This process includes linking all derivatives that are designated as cash-flow hedges to specific cash flows associated with assets and liabilities on the balance sheet or to specific forecasted transactions. Based on the above, management has determined the swaps noted below do not qualify for hedge accounting treatment.
	At September 30, 2013, the Company had a net derivative liability of $92,392, as compared to a net derivative asset of $290,788 at December 31, 2012.  The change in net derivative asset/liability is recorded as non-cash mark-to-market income or loss.  Mark-to-market losses of $338,114 were recorded in the nine months ended September 30, 2013 as compared to mark-to-market income of $245,722 during the twelve months ended December 31, 2012.  Net realized hedge settlement gain for the nine months ended September 30, 2013 was $10,699 as compared to net realized hedge settlement gain of $317,593 for the twelve months ended December 31, 2012.  The combination of these two components of derivative expense/income is reflected in "Other Income (Expense)" on the Statements of Operations as "Gain (loss) on derivatives."
	As of September 30, 2013, the Company had crude oil swaps in place relating to a total of 3,000 Bbls per month, as follows:
							Fair Value of Outstanding
					Price	Volumes	Derivative Contracts (1)
							as of
	Transaction				Per	Per		September 30,		December
	Date	Type (2)	Beginning	Ending	Unit	Month		2013		31, 2012
	Mar-11	Swap	4/1/11	2/28/13	$104.55	1,000	$	—	$	41,019
	Nov-11	Swap	12/1/11	11/30/14	$93.50	2,000		—		44,942
	Feb-12	Swap	3/1/12	2/28/14	$106.50	1,000		—		204,827
	Feb-13	Swap	3/1/13	11/1/14	$93.50	2,000		-29,486		—
	Feb-13	Swap	3/1/13	2/1/14	$106.50	1,000		121,878		—
							$	92,392	$	290,788
	(1) The fair value of the Company's outstanding transactions is presented on the balance sheet by counterparty. Currently all of our derivatives are with the same counterparty. The balance is shown as current or long-term based on our estimate of the amounts that will be due in the relevant time periods at currently predicted price levels. Amounts in parentheses indicate liabilities.
	(2) These crude oil hedges were entered into on a per barrel delivered price basis, using the NYMEX - West Texas Intermediate Index, with settlement for each calendar month occurring following the expiration date, as determined by the contracts.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	12 – Fair Value Measurements
	Fair value measurements are based upon inputs that market participants use in pricing an asset or liability, which are classified into two categories: observable inputs and unobservable inputs. Observable inputs represent market data obtained from independent sources, whereas unobservable inputs reflect a company’s own market assumptions, which are used if observable inputs are not reasonably available without undue cost and effort. These two types of inputs are further prioritized into the following fair value input hierarchy:
		Level 1 –	quoted prices for identical assets or liabilities in active markets.
		Level 2 –	quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar       assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g. interest rates) and inputs derived principally from or corroborated by observable market data by correlation or other means.
		Level 3 –	unobservable inputs for the asset or liability.
	The fair value input hierarchy level to which an asset or liability measurement in its entirety falls is determined based on the lowest level input that is significant to the measurement in its entirety.
	The following tables summarize the valuation of the Company’s financial assets and liabilities at September 30, 2013 and December 31, 2012:
			Fair Value Measurements at Reporting Date Using
			Quoted Prices		Significant or			Significant			Fair Value at
			in Active		Other			Unobservable			September 30,
			Markets for		Observable			Inputs			2013
			Identical Assets		Inputs			(Level 3)
			or Liabilities		(Level 2)
			(Level 1)
	Assets:
	Commodities derivatives		$	—	$	3,504		$	—		$	3,504
	Total		$	—	$	3,504		$	—		$	3,504
	Liabilities
	Environmental liability		$	—	$	—		$	(2,086,833	)	$	(2,086,833	)
	Asset retirement obligations (non-recurring)		$	—	$	—		$	(3,453,782	)	$	(3,453,782	)
	Commodities Derivative		$	—	$	(95,896	)	$	—		$	$(95,896	)
	Total		$	—	$	(95,896	)	$	(5,540,615	)	$	(5,636,511	)
			Fair Value Measurements at Reporting Date Using
	(in thousands)		Quoted Prices		Significant or						Fair Value at December 31,
			in Active		Other			Significant			2012
			Markets for		Observable			Unobservable
			Identical Assets		Inputs			Inputs
			or Liabilities		(Level 2)			(Level 3)
			(Level 1)
	Assets:
	Commodities derivatives		$	—	$	290,788		$	—		$	290,788
	Total		$	—	$	290,788		$	—		$	290,788
	Liabilities:
	Environmental liability		$	—	$	—		$	(2,100,000	)	$	(2,100,000	)
	Asset retirement obligations (non-recurring)			—		—			(3,317,358	)		(3,317,358	)
	Total		$	—	$	—		$	(5,417,358	)	$	(5,417,358	)
	The following is a summary of changes to fair value measurements using Level 3 inputs during the three months ended September 30, 2013:
			Environmental
			Liability
	Balance, December 31, 2012		$	2,100,000
	Acquisitions			—
	Settlement of liabilities			13,167
	Revisions of previous estimates			—
	Balance, September 30, 2013		$	2,086,833

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Summary Of Significant Accounting Policies Policies	'
Reclassification	'
	Reclassification
	Certain amounts have been reclassified to conform with the current period presentation. The amounts reclassified did not have an effect on the Company’s results of operations or stockholders’ equity.
Cash and cash equivalents	'
	Cash and cash equivalents
	The Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. At times, the amount of cash and cash equivalents on deposit in financial institutions exceeds federally insured limits. The Company monitors the soundness of the financial institutions and believes the Company’s risk is negligible.
Financial instruments	'
	Financial instruments
	The carrying amounts of financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities and long-term debt, approximate fair value as of September 30, 2013 and December 31, 2012.
Oil and natural gas properties	'
	Oil and natural gas properties
	The Company follows the successful efforts method of accounting for its oil and natural gas producing activities.  Costs to acquire mineral interests in oil and natural gas properties and to drill and equip development wells and related asset retirement costs are capitalized. Costs to drill exploratory wells are capitalized pending determination of whether the wells have proved reserves. If the Company determines that the wells do not have proved reserves, the costs are charged to expense. There were no exploratory wells capitalized pending determination of whether the wells have proved reserves at December 31, 2012 or September 30, 2013. Geological and geophysical costs, including seismic studies and costs of carrying and retaining unproved properties, are charged to expense as incurred. The Company capitalizes interest on expenditures for significant exploration and development projects that last more than six months while activities are in progress to bring the assets to their intended use. Through September 30, 2013, the Company had capitalized no interest costs because its exploration and development projects generally lasted less than six months. Costs incurred to maintain wells and related equipment are charged to expense as incurred.
	On the sale or retirement of a complete unit of a proved property, the cost and related accumulated depreciation, depletion and amortization are eliminated from the property accounts, and the resultant gain or loss is recognized. On the retirement or sale of a partial unit of proved property, the cost is charged to accumulated depreciation, depletion and amortization, with a resulting gain or loss recognized in income.
	Capitalized amounts attributable to proved oil and natural gas properties are depleted by the unit-of-production method over proved reserves using the unit conversion ratio of six Mcf of gas to one barrel of oil equivalent (“Boe”). The ratio of six Mcf of natural gas to one Boe is based upon energy equivalency, rather than price equivalency. Given current price differentials, the price for a Boe for natural gas differs significantly from the price for a barrel of oil.
	It is common for operators of oil and natural gas properties to request that joint interest owners pay for large expenditures, typically for drilling new wells, in advance of the work commencing. This right to call for cash advances is typically found in the operating agreement that joint interest owners in a property adopt. The Company records these advance payments in prepaid and other current assets and release this account when the actual expenditure is later billed to it by the operator.
	On the sale of an entire interest in an unproved property for cash or cash equivalents, gain or loss on the sale is recognized, taking into consideration the amount of any recorded impairment if the property had been assessed individually. If a partial interest in an unproved property is sold, the amount received is treated as a reduction of the cost of the interest retained.
Impairment of long-lived assets	'
	Impairment of long-lived assets
	The Company evaluates its long-lived assets for potential impairment in their carrying values whenever events or changes in circumstances indicate such impairment may have occurred. Oil and natural gas properties are evaluated for potential impairment by field. Other properties are evaluated for impairment on a specific asset basis or in groups of similar assets, as applicable. An impairment on proved properties is recognized when the estimated undiscounted future net cash flows of an asset are less than its carrying value. If an impairment occurs, the carrying value of the impaired asset is reduced to its estimated fair value, which is generally estimated using a discounted cash flow approach. If the results of an assessment indicate that the properties are impaired, the amount of the impairment is added to the capitalized costs to be amortized.
	Unproved oil and natural gas properties do not have producing properties. As reserves are proved through the successful completion of exploratory wells, the cost is transferred to proved properties. The cost of the remaining unproved basis is periodically evaluated by management to assess whether the value of a property has diminished. To do this assessment, management considers estimated potential reserves and future net revenues from an independent expert, the Company’s history in exploring the area, the Company’s future drilling plans per its capital drilling program prepared by the Company’s reservoir engineers and operations management and other factors associated with the area. Impairment is taken on the unproved property cost if it is determined that the costs are not likely to be recoverable. The valuation is subjective and requires management to make estimates and assumptions which, with the passage of time, may prove to be materially different from actual results.
Revenue and accounts receivable	'
	Revenue and accounts receivable
	The Company recognizes revenue for its production when the quantities are delivered to, or collected by, the purchaser. Prices for such production are generally defined in sales contracts and are readily determinable based on certain publicly available indices. All transportation costs are included in lease operating expense.
	Accounts receivable—oil and natural gas sales consist of uncollateralized accrued revenues due under normal trade terms, generally requiring payment within 30 to 60 days of production. Accounts receivable—other consist of amounts owed from interest owners of the Company’s operated wells.  No interest is charged on past-due balances. Payments made on all accounts receivable are applied to the earliest unpaid items. The Company reviews accounts receivable periodically and reduces the carrying amount by a valuation allowance that reflects its best estimate of the amount that may not be collectible.  There was no reserve for bad debts as of September 30, 2013 or December 31, 2012.
Other property	'
	Other property
	Furniture, fixtures and equipment are carried at cost. Depreciation of furniture, fixtures and equipment is provided using the straight-line method over estimated useful lives ranging from three to ten years. Gain or loss on retirement or sale or other disposition of assets is included in income in the period of disposition.
Income taxes	'
	Income taxes
	The Company is subject to U.S. federal income taxes along with state income taxes in Texas and New Mexico. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the Company’s Statements of Operations. The Company accrues interest and penalties, if any, related to unrecognized tax benefits as a component of income tax expense.
	Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the tax rate in effect for the year in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the year of the enacted tax rate change. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized.
Asset retirement obligations	'
	Asset retirement obligations
	Asset retirement obligations (“AROs”) associated with the retirement of tangible long-lived assets are recognized as liabilities with an increase to the carrying amounts of the related long-lived assets in the period incurred. The cost of the tangible asset, including the asset retirement cost, is depreciated over the useful life of the asset. AROs are recorded at estimated fair value, measured by reference to the expected future cash outflows required to satisfy the retirement obligations discounted at the Company’s credit-adjusted risk-free interest rate. Accretion expense is recognized over time as the discounted liabilities are accreted to their expected settlement value. If estimated future costs of AROs change, an adjustment is recorded to both the ARO and the long-lived asset. Revisions to estimated AROs can result from changes in retirement cost estimates, revisions to estimated inflation rates and changes in the estimated timing of abandonment.
Business combinations	'
	Business combinations
	We follow ASC 805, Business Combinations (“ASC 805”), and ASC 810-10-65, Consolidation (“ASC 810-10-65”). ASC 805 requires most identifiable assets, liabilities, non-controlling interests, and goodwill acquired in a business combination to be recorded at “fair value.” The statement applies to all business combinations, including combinations among mutual entities and combinations by contract alone. Under ASC 805, all business combinations will be accounted for by applying the acquisition method. Accordingly, transaction costs related to acquisitions are to be recorded as a reduction of earnings in the period they are incurred and costs related to issuing debt or equity securities that are related to the transaction will continue to be recognized in accordance with other applicable rules under U.S. GAAP. ASC 810-10-65 requires non-controlling interests to be treated as a separate component of equity, not as a liability or other item outside of permanent equity. The statement applies to the accounting for non-controlling interests and transactions with non-controlling interest holders in consolidated financial statements.
Earnings per common share	'
	Earnings per common share
	The Company reports basic earnings per common share, which excludes the effect of potentially dilutive securities, and diluted earnings per common share, which includes the effect of all potentially dilutive securities, unless their impact is anti-dilutive.
Recently issued accounting pronouncements	'
	Recently issued accounting pronouncements
	In May 2011, the FASB issued an accounting pronouncement related to fair value measurement (FASB ASC Topic 820), which amends current guidance to achieve common fair value measurement and disclosure requirements in U.S. GAAP and International Financial Reporting Standards. The amendments generally represent clarification of FASB ASC Topic 820, but also include instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed. This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. We adopted this pronouncement for our fiscal year beginning January 1, 2012 and the adoption of this pronouncement did not have a material effect on our financial statements.
	In December 2011, the Financial Accounting Standards Board (“FASB”) issued new standards that require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The new standards are effective for annual periods beginning on or after January 1, 2013. We are currently evaluating the provisions of the new standards and assessing the impact, if any, it may have on our financial position and results of operations.

Asset_retirement_obligations_T

Asset retirement obligations (Tables)	9 Months Ended
	Sep. 30, 2013
Asset Retirement Obligations Tables	'
Schedule of changes to the Company's asset retirement obligations	'
	The following is a description of the changes to the Company’s asset retirement obligations for the periods ended September 30, 2013 and December 31, 2012:
		September 30,			December 31,
		2013			2012
	Asset retirement obligations at beginning of year	$	3,317,358		$	1,186,260
	Disposal of assets		—			(88,650	)
	Settlement of liabilities		(1,284	)		(55,915	)
	Revision of previous estimates		—			1,797,626
	Accretion expense		109,684			94,556
	Additions		28,024			383,481
	Asset retirement obligations at end of period	$	3,453,782		$	3,317,358
	Less: current portion		455,515			452,013
	Long-term portion	$	2,998,267		$	2,865,345

Property_and_Equipment_Tables

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2013
Property And Equipment Tables	'
Schedule of capitalized costs under the successful efforts method for oil and gas properties	'
	The following table sets forth the capitalized costs under the successful efforts method for oil and natural gas properties:
		September 30,			December 31,
		2013			2012
	Oil and natural gas properties	$	55,245,214		$	48,248,378
	Less accumulated depletion and impairment		(19,881,867	)		(16,018,892	)
	Net oil and natural gas properties capitalized costs	$	35,363,347		$	32,229,486
Schedule of other property and equipment	'
	The historical cost of other property and equipment, presented on a gross basis with accumulated depreciation is summarized as follows:
		September 30,			December 31,
		2013			2012
	Other property and equipment	$	130,470		$	130,470
	Less accumulated depreciation		(91,169	)		(77,190	)
	Net property and equipment	$	39,301		$	53,280

Stockholders_equity_and_earnin1

Stockholders' equity and earnings per share (Tables)	9 Months Ended
	Sep. 30, 2013
Equity [Abstract]	'
Schedule of stock option activity summary	'
	In 2011, the Company issued options to purchase 87,000 shares of its common stock at $4.80 to its directors.  For the year ended December 31, 2012 and the nine months ended September 30, 2013, there was no stock based compensation.
	Stock option activity summary is presented in the table below:
							Weighted-
							average
					Weighted-		Remaining
					average		Contractual
			Number of		Exercise		Term
			Shares		Price		(years)
	Outstanding at December 31, 2011			87,500	$	4.8		4.08
	Granted			—		—		—
	Cancelled			—		—		—
	Exercised			—		—		—
	Forfeited			—		—		—
	Expired			—		—		—
	Outstanding and exercisable at December 31, 2012			87,500		4.8		3.08
	Granted			—		—		—
	Cancelled			—		—		—
	Exercised			—		—		—
	Forfeited			—		—		—
	Expired			—		—		—
	Outstanding and exercisable at September 30, 2013			87,500	$	4.8		3.83
Schedule of fair value assumptions	'
	The fair value of the options granted during 2011 was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions:
	Closing market price of stock on grant date	$3.11
	Risk-free interest rate	2.43%
	Dividend yield	0.00%
	Volatility factor	50%
	Expected life	2.5 years

Price_risk_management_activiti1

Price risk management activities (Tables)	9 Months Ended
	Sep. 30, 2013
Price Risk Management Activities Tables	'
Schedule of crude oil swaps	'
	As of September 30, 2013, the Company had crude oil swaps in place relating to a total of 3,000 Bbls per month, as follows:
							Fair Value of Outstanding
					Price	Volumes	Derivative Contracts (1)
							as of
	Transaction				Per	Per		September 30,		December
	Date	Type (2)	Beginning	Ending	Unit	Month		2013		31, 2012
	Mar-11	Swap	4/1/11	2/28/13	$104.55	1,000	$	—	$	41,019
	Nov-11	Swap	12/1/11	11/30/14	$93.50	2,000		—		44,942
	Feb-12	Swap	3/1/12	2/28/14	$106.50	1,000		—		204,827
	Feb-13	Swap	3/1/13	11/1/14	$93.50	2,000		-29,486		—
	Feb-13	Swap	3/1/13	2/1/14	$106.50	1,000		121,878		—
							$	92,392	$	290,788
	(1) The fair value of the Company's outstanding transactions is presented on the balance sheet by counterparty. Currently all of our derivatives are with the same counterparty. The balance is shown as current or long-term based on our estimate of the amounts that will be due in the relevant time periods at currently predicted price levels. Amounts in parentheses indicate liabilities.
	(2) These crude oil hedges were entered into on a per barrel delivered price basis, using the NYMEX - West Texas Intermediate Index, with settlement for each calendar month occurring following the expiration date, as determined by the contracts.

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Measurements Tables	'
Schedule of assets and liabilities measured on a recurring and non-recurring basis	'
	The following tables summarize the valuation of the Company’s financial assets and liabilities at September 30, 2013 and December 31, 2012:
		Fair Value Measurements at Reporting Date Using
		Quoted Prices		Significant or			Significant			Fair Value at
		in Active		Other			Unobservable			September 30,
		Markets for		Observable			Inputs			2013
		Identical Assets		Inputs			(Level 3)
		or Liabilities		(Level 2)
		(Level 1)
	Assets:
	Commodities derivatives	$	—	$	3,504		$	—		$	3,504
	Total	$	—	$	3,504		$	—		$	3,504
	Liabilities
	Environmental liability	$	—	$	—		$	(2,086,833	)	$	(2,086,833	)
	Asset retirement obligations (non-recurring)	$	—	$	—		$	(3,453,782	)	$	(3,453,782	)
	Commodities Derivative	$	—	$	(95,896	)	$	—		$	$(95,896	)
	Total	$	—	$	(95,896	)	$	(5,540,615	)	$	(5,636,511	)
		Fair Value Measurements at Reporting Date Using
	(in thousands)	Quoted Prices		Significant or						Fair Value at December 31,
		in Active		Other			Significant			2012
		Markets for		Observable			Unobservable
		Identical Assets		Inputs			Inputs
		or Liabilities		(Level 2)			(Level 3)
		(Level 1)
	Assets:
	Commodities derivatives	$	—	$	290,788		$	—		$	290,788
	Total	$	—	$	290,788		$	—		$	290,788
	Liabilities:
	Environmental liability	$	—	$	—		$	(2,100,000	)	$	(2,100,000	)
	Asset retirement obligations (non-recurring)		—		—			(3,317,358	)		(3,317,358	)
	Total	$	—	$	—		$	(5,417,358	)	$	(5,417,358	)
Schedule of changes to fair value measurements using Level 3 inputs	'
	The following is a summary of changes to fair value measurements using Level 3 inputs during the three months ended September 30, 2013:
		Environmental
		Liability
	Balance, December 31, 2012	$	2,100,000
	Acquisitions		—
	Settlement of liabilities		13,167
	Revisions of previous estimates		—
	Balance, September 30, 2013	$	2,086,833

Going_Concern_Details_Narrativ

Going Concern (Details Narrative) (USD $)	Sep. 30, 2013
Going Concern Details Narrative	'
Working capital deficit	$403,614
Outstanding debt	$12,200,000

Asset_retirement_obligations_D

Asset retirement obligations (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Asset Retirement Obligations Details	'	'	'	'	'
Asset retirement obligations, beginning	'	'	$3,317,358	$1,186,260	$1,186,260
Disposal of assets	'	'	'	'	-88,650
Settlement of liabilities	'	'	-1,284	'	-55,915
Revision of previous estimates	'	'	'	'	1,797,626
Accretion expense	37,982	17,905	109,684	52,146	94,556
Additions	'	'	28,024	'	383,481
Asset retirement obligations, ending	3,453,782	'	3,453,782	'	3,317,358
Less: current portion	455,515	'	455,515	'	452,013
Long-term portion	$2,998,267	'	$2,998,267	'	$2,865,345

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Property And Equipment Details	'	'
Oil and Gas Properties	$55,245,214	$48,248,378
Less accumulated depletion and impairment	-19,881,867	-16,018,892
Net oil and gas properties capitalized costs	$35,363,347	$32,229,486

Property_and_Equipment_Details1

Property and Equipment (Details 1) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Property And Equipment Details 1	'	'
Other property and equipment	$130,470	$130,470
Less accumulated depreciation	-91,169	-77,190
Net property and equipment	$39,301	$53,280

Stockholders_equity_and_earnin2

Stockholders' equity and earnings per share (Details Narrative) (USD $)	0 Months Ended	12 Months Ended			0 Months Ended			9 Months Ended	12 Months Ended	0 Months Ended
	26-May-11	Dec. 31, 2012	Feb. 28, 2013	Nov. 06, 2012	Feb. 28, 2013	Feb. 28, 2013	Feb. 28, 2013	Sep. 30, 2013	Dec. 31, 2011	26-May-11	Sep. 30, 2013
					Senior First Lien Secured Credit Agreement	Red Mountain Resources	Red Mountain Resources	Stock Options	Stock Options	Warrants - $2.25 exercise price	Warrants - $5.00 exercise price
							Notes- Green Shoe and Little Bay		Directors
Private offering, units issued	3,600,000	'	'	'	'	'	'	'	'	'	'
Sales price, units	$1.50	'	'	'	'	'	'	'	'	'	'
Unit composition, number of shares	1	'	'	'	'	'	'	'	'	'	'
Unit composition, number of warrants	1	'	'	'	'	'	'	'	'	'	'
Warrant term	'5 years	'	'	'	'	'	'	'	'	'	'
Warrant exercise price	'	'	'	'	'	'	'	'	'	2.25	5
Shares callable under warrants issued	'	'	'	'	'	'	'	'	'	3,600,000	3,125
Fair value of warrants	'	'	'	'	'	'	'	'	'	$898,384	'
Date of expiration of warrants	'	'	'	'	'	'	'	'	'	30-Nov-15	'
Volatility factor	'	'	'	'	'	'	'	50.00%	'	50.00%	'
Expected life	'	'	'	'	'	'	'	'2 years 6 months	'	'2 years 11 months 1 day	'
Issuance of shares to settle amounts owed	'	150,000	'	'	'	'	'	'	'	'	'
Severance payments under employment agreement	'	478,298	'	'	'	'	'	'	'	'	'
Amount of severance payments covered by shares issued	'	'	'	239,149	'	'	'	'	'	'	'
Number of options granted	'	'	'	'	'	'	'	'	87,500	'	'
Option exercise price	'	'	'	'	'	'	'	'	$4.80	'	'
Cash paid to settle claims	'	'	$633,975	'	'	'	'	'	'	'	'
Shares issued by affiliate to settle creditor claims	'	'	'	'	'	750,000	'	'	'	'	'
Shares issued to affiliate	'	'	'	'	422,650	'	'	'	'	'	'
Shares issued upon conversion of notes	'	'	'	'	'	'	611,630	'	'	'	'
Debt conversion rate - original	'	'	$4	'	'	'	'	'	'	'	'
Debt conversion rate - amended	'	'	$1.50	'	'	'	'	'	'	'	'

Stockholders_equity_and_earnin3

Stockholders' equity and earnings per share (Details) (Stock Options, USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock Options	'	'	'
Number of options:	'	'	'
Number of options outstanding, beginning	87,500	87,500	'
Number of options outstanding, ending	87,500	87,500	87,500
Number of options exercisable	87,500	87,500	'
Weighted Average Exercise Price of options outstanding, beginning	$4.80	$4.80	'
Weighted Average Exercise Price of options outstanding, ending	$4.80	$4.80	$4.80
Weighted Average Exercise Price of options exercisable	$4.80	$4.80	'
Weighted Average Remaining Contractual Term:	'	'	'
Weighted Average Remaining Contractual Term of options outstanding	'3 years 9 months 29 days	'3 years 0 months 29 days	'4 years 0 months 29 days

Stockholders_equity_and_earnin4

Stockholders' equity and earnings per share (Details 1) (Stock Options, USD $)	9 Months Ended
	Sep. 30, 2013
Stock Options	'
Closing market price of stock on grant date	$3.11
Risk-free interest rate	2.43%
Dividend yield	0.00%
Volatility factor	50.00%
Expected life	'2 years 6 months

Related_party_transactions_Det

Related party transactions (Details Narrative) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Apr. 11, 2012
Related Party Transactions Details Narrative	'	'	'	'
Accounts receivable - related party	'	'	$42,070	$119,575
General and administrative expenses and operating costs paid for by Red Mountain Resources	490,508	628,274	'	'
Accounts Payable - Related Party	1,830,006	215,495	'	'
Advances to related party	$900,000	'	'	'

Long_term_debt_Details_Narrati

Long term debt (Details Narrative) (USD $)

12 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

Dec. 31, 2012

Sep. 30, 2013

Feb. 28, 2013

Feb. 05, 2013

Mar. 01, 2012

Dec. 31, 2011

24-May-13

Feb. 28, 2013

Feb. 05, 2013

Sep. 30, 2013

Sep. 30, 2012

Apr. 26, 2011

Jan. 30, 2011

Apr. 29, 2009

Feb. 24, 2009

Jul. 18, 2008

23-May-08

9-May-08

Feb. 28, 2013

Dec. 31, 2012

Sep. 30, 2012

Apr. 26, 2011

Jan. 31, 2011

Oct. 03, 2008

Jul. 18, 2008

Mar. 07, 2008

Feb. 28, 2013

Dec. 31, 2012

Senior First Lien Secured Credit Agreement

Senior First Lien Secured Credit Agreement

Senior First Lien Secured Credit Agreement

Senior First Lien Secured Credit Agreement

Notes Payable - Green Shoe Investments, Ltd.

Notes Payable - Green Shoe Investments, Ltd.

Notes Payable - Green Shoe Investments, Ltd.

Notes Payable - Green Shoe Investments, Ltd.

Notes Payable - Green Shoe Investments, Ltd.

Notes Payable - Green Shoe Investments, Ltd.

Notes Payable - Green Shoe Investments, Ltd.

Notes Payable - Green Shoe Investments, Ltd.

Notes Payable - Green Shoe Investments, Ltd.

Notes Payable - Green Shoe Investments, Ltd.

Unsecured Loan - Little Bay

Unsecured Loan - Little Bay

Unsecured Loan - Little Bay

Unsecured Loan - Little Bay

Unsecured Loan - Little Bay

Unsecured Loan - Little Bay

Unsecured Loan - Little Bay

Unsecured Loan - Little Bay

Principal Owner

Principal Owner

Principal Owner

Principal Owner

Principal Owner

Principal Owner

Principal Owner

Principal Owner

Red Mountain Resources

Red Mountain Resources

Red Mountain Resources

Red Mountain Resources

Debt principal amount

'

'

'

'

'

'

'

'

'

'

'

$550,936

$487,000

$87,000

$100,000

$50,000

$150,000

$100,000

'

'

'

$595,423

$520,000

$200,000

$100,000

$220,000

'

'

Interest rate

'

'

'

'

'

'

'

'

'

'

9.99%

'

5.00%

'

'

'

'

'

'

18.00%

'

9.99%

5.00%

'

'

'

'

'

Accrued interest, note

'

'

'

'

'

'

'

'

'

'

'

'

'

63,936

'

'

'

'

'

62,924

'

'

'

75,423

'

'

'

68,005

Carry amount of notes

'

'

'

'

'

'

'

'

'

'

367,309

'

'

'

'

'

'

'

'

367,309

396,969

'

'

'

'

'

'

396,969

Conversion price of notes, per share

'

'

$4

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$4

'

'

'

'

$1.50

'

Principal amount of debt converted to stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

367,309

'

'

'

'

'

'

'

396,969

'

Number shares issued for debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

293,947

'

'

'

'

'

'

'

317,683

'

Accrued interest of debt converted to stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

73,611

'

'

'

'

'

'

'

79,555

'

Borrowing Base

'

'

'

'

9,500,000

4,500,000

'

'

'

30,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest Rate

'

4.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding Balance Line of Credit

'

12,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reduction in borrowing base

750,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

9,500,000

4,500,000

'

'

'

30,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Available borrowing capacity

'

200,000

'

'

'

'

'

'

'

17,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from draws from secured line of credit

'

'

'

'

'

'

$1,300,000

$2,000,000

$8,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership by affiliated entity

'

'

'

81.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Creditors_payable_Details_Narr

Creditors payable (Details Narrative) (USD $)	Sep. 30, 2013	Feb. 28, 2013	Feb. 28, 2013	Dec. 31, 2012	Feb. 28, 2013	Dec. 31, 2012
			Creditor 1	Creditor 1	Creditor 2	Creditor 2
Amount reserved for claims, per 2002 reorganization plan	$3,000,000	'	'	'	'	'
Creditors Payable Balances	'	'	'	608,727	'	659,224
Cash paid to settle claims	'	$633,975	$304,363	'	$329,612	'
Shares issued by affiliate to settle creditor claims	'	'	358,075	'	387,779	'

Commitments_and_contingencies_

Commitments and contingencies (Details Narrative) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Environmental liabilities	$2,086,833	$2,100,000
Bloodworth	'	'
Contingency held for lawsuits	280,000	'
Keybanc Capital Markets	'	'
Contingency held for lawsuits	$751,334	'

Price_risk_management_activiti2

Price risk management activities (Details Narrative) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Price Risk Management Activities Details Narrative	'	'
Net Derivative Asset	$155,744	'
Change in Net Derivative Asset/Liability, mark-to-market adjustments	-338,114	245,722
Net Realized Hedge Settlement Gains	$10,699	$317,593

Price_risk_management_activiti3

Price risk management activities (Details) (USD $)	9 Months Ended
	Sep. 30, 2013		Dec. 31, 2012
	MMBbls
Fair Value of Outstanding Derivatives Contracts	$92,392	[1]	$290,788	[1]
March 2011 Swap	'		'
Beginning Date	1-Apr-11	[2]	'
Ending Date	28-Feb-13	[2]	'
Price Per Unit	104.55		'
Volumes Per Month	1,000		'
November 2011 Swap	'		'
Beginning Date	1-Dec-11	[2]	'
Ending Date	30-Nov-14	[2]	'
Price Per Unit	93.5		'
Volumes Per Month	2,000		'
February 2012 Swap	'		'
Beginning Date	1-Mar-12	[2]	'
Ending Date	28-Feb-14	[2]	'
Price Per Unit	106.5		'
Volumes Per Month	1,000		'
Fair Value of Outstanding Derivatives Contracts	'		204,827	[1]
February 2013 Swap	'		'
Beginning Date	1-Mar-13	[2]	'
Ending Date	1-Nov-14	[2]	'
Price Per Unit	93.5		'
Volumes Per Month	2,000	[2]	'
Fair Value of Outstanding Derivatives Contracts	-29,486	[1]	'
February 2013 Swap 2	'		'
Beginning Date	1-Mar-13	[2]	'
Ending Date	1-Feb-14	[2]	'
Price Per Unit	106.5		'
Volumes Per Month	1,000	[2]	'
Fair Value of Outstanding Derivatives Contracts	$121,878	[1]	'
[1]	The fair value of the Company's outstanding transactions is presented on the balance sheet by counterparty. Currently all of our derivatives are with the same counterparty. The balance is shown as current or long-term based on our estimates of the amounts that will be due in the relevant time periods at currently predicted price levels. Amounts in parentheses indicate liabilities.
[2]	These crude oil hedges were entered into on a per barrel delivered price basis, using the NYMEX - West Texas Intermediate Index, with settlement for each calendar month occuring following the expiration date, as determined by the contracts.

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Dec. 31, 2011
Liabilities:	'	'	'
Environmental liability	($2,086,833)	($2,100,000)	'
Asset retirement obligations (non-recurring)	-3,453,782	-3,317,358	-1,186,260
Significant or Other Observable Inputs (Level 2)	'	'	'
Assets:	'	'	'
Commodities derivatives	3,504	290,788	'
Total	3,504	290,788	'
Liabilities:	'	'	'
Commodities Derivative	-95,896	'	'
Total	-95,896	'	'
Significant Unobservable Inputs (Level 3)	'	'	'
Liabilities:	'	'	'
Environmental liability	-2,086,833	-2,100,000	'
Asset retirement obligations (non-recurring)	-3,453,782	-3,317,358	'
Total	-5,540,615	-5,417,358	'
Fair Value	'	'	'
Assets:	'	'	'
Commodities derivatives	3,504	290,788	'
Total	3,504	290,788	'
Liabilities:	'	'	'
Environmental liability	-2,086,833	-2,100,000	'
Asset retirement obligations (non-recurring)	-3,453,782	-3,317,358	'
Commodities Derivative	-95,896	'	'
Total	($5,636,511)	($5,417,358)	'

Fair_Value_Measurements_Detail1

Fair Value Measurements (Details 1) (USD $)	9 Months Ended
	Sep. 30, 2013
Fair Value Measurements Details 1	'
Environmental liability, beginning	$2,100,000
Acquisitions	'
Settlements of liabilities	13,167
Revisions of previous estimates	'
Environmental liability, ending	$2,086,833