Hydrocarb Energy (HECCQ) 10-Q/A 24 Feb 15 2014 Q2 Quarterly report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jan. 31, 2014	Mar. 17, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	HYDROCARB ENERGY CORP
Entity Central Index Key	1425808
Current Fiscal Year End Date	-24
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		62,891,066
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Document Type	10-Q/A
Amendment Flag	TRUE
Amendment Description	On March 21, 2014, Hydrocarb Energy Corp (the “Company”) filed its Quarterly Report on Form 10-Q for the quarterly period ended January 31, 2014 (the “Original Form 10-K”). On May 27, 2014, the Company received a comment letter from the Securities and Exchange Commission (the “SEC”) concerning this filing. In response to this comment letter, the Company is hereby amending its Original Form 10-Q. The amendment includes additional disclosures concerning our Legal Proceedings in Part II, Item 1. This Form 10-Q/A speaks as of the original filing date of the Original Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the Original Form 10-Q, other than as noted above.
Document Period End Date	31-Jan-14

CONSOLIDATED_BALANCE_SHEETS_Un

CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Jan. 31, 2014	Jul. 31, 2013
Current assets:
Cash and cash equivalents	$484,183	$354,829
Oil and gas revenues receivable	233,851	725,691
Accounts receivable - related party	0	201,284
Receivable for stock - related party	375,000	0
Other current assets	157,315	345,942
Other receivables, net	73,455	312,997
Total current assets	1,323,804	1,940,743
Oil and gas property, accounted for using the full cost method of accounting
Evaluated property, net of accumulated depletion of $3,101,003 and $2,617,478, respectively; and accumulated impairment of $373,335 and $373,335, respectively	16,303,610	16,867,029
Unevaluated property	2,107,745	1,124,805
Restricted cash	6,920,739	6,920,739
Other assets	219,329	180,726
Property and equipment, net of accumulated depreciation of $121,531 and $116,945, respectively	171,796	58,053
TOTAL ASSETS	27,047,023	27,092,095
Current liabilities:
Accounts payable and accrued expenses	2,467,664	2,816,084
Current portion of notes payable	156,294	259,644
Current portion of notes payable - related party	100,000	0
Asset retirement obligations - current	579,068	724,374
Advances	195,904	180,804
Due to related parties	63,719	301,378
Total current liabilities	3,562,649	4,282,284
Notes payable	64,844	142,992
Asset retirement obligations - noncurrent	10,653,662	10,209,024
Total liabilities	14,281,155	14,634,300
Stockholders' Deficit:
Common stock: $001 par value; 1,000,000,000 shares authorized; 62,875,585 and 13,281,003 shares issued and outstanding as of January 31, 2014 and July 31, 2013, respectively	62,876	13,281
Receivable for common stock	-2,484,879	0
Additional paid-in capital	78,368,619	75,128,547
Accumulated deficit	-66,423,580	-63,522,775
Treasury stock	0	-822,250
Total stockholders' equity	12,798,236	12,486,803
Noncontrolling interests	-32,368	-29,008
Total equity	12,765,868	12,457,795
TOTAL LIABILITIES AND EQUITY	27,047,023	27,092,095
Series A 7% Convertible Preferred Stock [Member]
Stockholders' Deficit:
Preferred stock	3,275,200	0
HCN Series 7% Convertible Preferred Stock [Member]
Stockholders' Deficit:
Preferred stock	$0	$1,690,000

CONSOLIDATED_BALANCE_SHEETS_Un1

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $)	Jan. 31, 2014	Jul. 31, 2013
Accumulated depletion on evaluated oil and gas property accounted for using the full cost method of accounting	$3,101,003	$2,617,478
Accumulated impairment on evaluated oil and gas property accounted for using the full cost method of accounting	373,335	373,335
Accumulated depreciation recorded for property and equipment	$121,531	$116,945
Equity [Abstract]
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, issued (in shares)	62,875,585	13,281,003
Common stock, outstanding (in shares)	62,875,585	13,281,003
Series A 7% Convertible Preferred Stock [Member]
Equity [Abstract]
Preferred Stock, par value (in dollars per share)	$400	$400
HCN Series 7% Convertible Preferred Stock [Member]
Equity [Abstract]
Preferred Stock, par value (in dollars per share)	$400	$400

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014	Jan. 31, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) [Abstract]
Revenues	$989,732	$1,689,759	$2,829,943	$3,718,264
Operating expenses
Lease operating expense	811,127	1,145,922	1,928,459	2,253,600
Depreciation, depletion, and amortization	191,764	297,904	493,679	571,198
Accretion	244,509	224,928	488,485	457,116
Consulting fees - related party	0	100,590	6,754	181,083
Acquisition-related costs - related party	0	0	0	34,834,752
General and administrative expense	946,325	973,636	2,738,324	1,945,870
Total operating expenses	2,193,725	2,742,980	5,655,701	40,243,619
Loss from operations	-1,203,993	-1,053,221	-2,825,758	-36,525,355
Consulting and other income (expense)	-4,940	65,317	-30,266	887,149
Interest expense, net	-36,854	-67,229	21,338	-131,476
Loss on sale of available for sale securities	0	-55,956	0	-517,920
Impairment of available for sale securities	0	0	0	-275,327
Gain on derivative warrant liability	0	414,630	0	1,056,224
Loss on disposal of assets	0	-14,054	0	-14,054
Foreign currency transaction gain (loss)	-28,971	-4,873	-30,626	7,313
Net loss before income taxes	-1,274,758	-715,386	-2,865,312	-35,513,446
Income tax provision	0	-5,863	-4,599	-5,863
Net loss	-1,274,758	-721,249	-2,869,911	-35,519,309
Less: Net loss attributable to noncontrolling interests	-1,888	-2,973	-3,360	-4,952
Net loss attributable to Hydrocarb Corporation	-1,272,870	-718,276	-2,866,551	-35,514,357
Deemed dividend on preferred stock	-3,019	-10,047	-34,254	-10,047
Accrcetion dividend-Beneficial Cash Feature on preferred stock	-949,808	0	-949,808	0
Net loss attributable to Hydrocarb Energy Corp.	($2,225,697)	($728,323)	($3,850,613)	($35,524,404)
Basic and diluted loss per common share (in dollars per share)	($0.05)	($0.05)	($0.14)	($2.78)
Weighted average shares outstanding (basic and diluted) (in shares)	42,600,075	13,281,003	27,940,539	12,780,296

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
	Jan. 31, 2014	Jan. 31, 2013
Cash Flows From Operating Activities
Net loss	($2,869,911)	($35,519,309)
Adjustments to reconcile net income loss to net cash used in operating activities:
Depreciation, depletion, and amortization	493,679	571,198
Accretion	488,485	457,116
Amortization of debt discount, loan origination fees and prepaid interest	0	51,575
Loss on sale of available for sale securities	0	517,920
Impairment of available for sale securities	0	275,327
Loss on disposal of assets	0	14,054
Change in allowance for doubtful accounts	0	39,428
Warrants granted to related party	6,754	163,047
Share based compensation - amortization of the fair value of stock options	1,214,213	383,881
Acquisition-related costs - related party	0	34,834,752
Gain on derivative warrant liability	0	-1,056,224
Changes in operating assets and liabilities:
Accounts receivable	491,840	111,318
Accounts receivable - related party	201,284	-298,067
Accounts payable and accrued expenses	-188,738	-37,003
Advances	15,100	142,636
Settlement of asset retirement obligations	-83,840	-11,610
Other assets	389,566	123,956
NET CASH PROVIDED BY OPERATIONS	158,432	763,995
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of oil and gas properties	-996,985	-1,298,913
Purchases of property and equipment	-123,898	-10,635
Proceeds from sale of oil and gas properties	0	58,347
Change in restricted cash	0	-37,215
Purchase of available for sale securities	0	-24,593
Proceeds from sale of available for sale securities	0	287,874
NET CASH USED IN INVESTING ACTIVITIES	-1,120,883	-1,025,135
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on notes payable	-181,498	-99,089
Proceeds from note payable to related party	100,000	0
Borrowings from related party	1,142,232	0
Deemed dividend on HCN preferred stock	0	-10,047
Proceeds from subsidiary sale of its common stock	31,071	0
NET CASH USED IN FINANCING ACTIVITIES	1,091,805	-109,136
NET CHANGE IN CASH AND CASH EQUIVALENTS	129,354	-370,276
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	354,829	1,189,282
CASH AND CASH EQUIVALENTS AT END OF PERIOD	484,183	819,006
SUPPLEMENTAL CASH FLOW INFORMATION
Income taxes	10,000	43,220
Interest	10,563	5,863
NONCASH INVESTING AND FINANCING ACTIVITIES
Asset retirement obligation sold	4,381	438
Asset retirement obligations incurred	100,932	20,500
Accounts payable for oil and gas properties	11,373	230,084
Settlement of HCN debt with HCN preferred stock	1,585,200	1,690,000
Preferred stock exchanged for HCN preferred stock for acquisition of HCN	3,275,200	0
Common stock exchanged for HCN common stock for acquisition of HCN	25,190	0
Receivable for stock - related party	1,000,000	0
Receivable for common stock	1,859,879	0
Deemed dividend on HCN preferred stock	34,254	0
Common stock issued to satisfy contingently issuable shares from 2012 acquisition of Namibia Exploration, Inc.	22,410	0
Treasury stock acquired via note receivable	0	822,250
Acquisition of Namibia Exploration, Inc.	0	562,048
Expiration of derivative warrant liability	$0	$269,164

Description_of_Business_and_Su

Description of Business and Summary of Significant Accounting Policies	6 Months Ended
	Jan. 31, 2014
Description of Business and Summary of Significant Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	Note 1 – Description of Business and Summary of Significant Accounting Policies
	Description of business and basis of presentation
	The unaudited consolidated financial statements of Hydrocarb Energy Corp. (“Hydrocarb”, “HEC”, the “Company”, “we”, “us”, “our”) have been prepared in accordance with accounting principles generally accepted in the United States and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in our Annual Report filed with the SEC on Form 10-K for the year ended July 31, 2013. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended July 31, 2013, as reported in the Form 10-K, have been omitted.
	Effective February 18, 2014, we changed our name from Duma Energy Corp. to Hydrocarb Energy Corp.  We trade under the symbol HECC on the OTCBB.
	Reclassifications
	Certain prior year amounts have been reclassified to conform with the current presentation.
	Principles of consolidation
	The accompanying consolidated financial statements include the accounts of Hydrocarb Energy Corp., our wholly owned subsidiaries Penasco Petroleum Corporation (“Penasco”), SPE Navigation I, LLC (“SPE”), Galveston Bay Energy, LLC (“GBE”), Namibia Exploration, Inc. (“NEI”), Hydrocarb Corporation (“HCN”), Hydrocarb Texas Corporation, Hydrocarb Energy DRC Corporation, Hydrocarb Namibia Energy (Pty) Limited and Hydrocarb Guinea SARL.  In addition, these financials include our 95% ownership interest in Otaiba Hydrocarb LLC.  All significant intercompany accounts and transactions have been eliminated in consolidation.
	The acquisition of HCN, an entity under common control on December 9, 2013 (See Note 2 – HCN Acquisition) has resulted in a change in the reporting entity. The consolidated financial statements presented for the periods subsequent to the acquisition include the accounts of HCN and its subsidiaries. As the HEC and HCN are under the common control of the same shareholder group, the assets and liabilities acquired were recorded at the historical carrying value and the consolidated financial statements were retroactively restated to reflect the Company as if HCN had been owned since the beginning of the earliest period presented.
	Noncontrolling interests
	Our consolidated financial statements include the accounts of all subsidiaries where we hold a controlling financial interest.  We have a controlling financial interest if we own a majority of the outstanding voting common stock and minority shareholders do not have substantive participating rights, we have significant control over an entity through contractual or economic interests in which we are the primary beneficiary or we have the power to direct the activities that most significantly impact the entity’s economic performance.  The ownership interest in subsidiaries held by third parties are presented in the consolidated balance sheet within equity, but separate from the parent’s equity, as noncontrolling interest.  All significant intercompany balances and transactions have been eliminated in consolidation.
	Cash and cash equivalents
	Cash and cash equivalents are all highly liquid investments with an original maturity of three months or less at the time of purchase and are recorded at cost, which approximates fair value.
	Our functional currency is the United States dollars. Transactions denominated in foreign currencies are translated into their United States dollar equivalents using current exchange rates. Monetary assets and liabilities are translated using exchange rates that prevailed as of the balance sheet date. Non-monetary assets and liabilities are translated using exchange rates that prevailed as of the transaction date. Revenue, if applicable, and expenses are translated using average exchange rates over the accounting period. We have had no revenue denominated in foreign currencies. Gains or losses resulting from foreign currency transactions are included in results of operations.
	Recent accounting pronouncements
	In March 2013, the FASB amended the Foreign Currency Matters Topic of the ASC to clarify the appropriate accounting when a parent ceases to have a controlling interest in a subsidiary or group of assets that is a business within a foreign entity. This clarification provides that the cumulative translation adjustment should only be released into net income if the loss of controlling interest represents complete or substantially complete liquidation of the foreign entity in which the subsidiary or asset group had resided. This amendment is effective for us starting with our first quarter of fiscal year 2015 and adoption would impact our consolidated financial condition and results of operations if we dispose of a foreign entity.
	Other recently issued or adopted accounting pronouncements are not expected to have, or did not have, a material impact on our financial position or results from operations.

HCN_Acquisition

HCN Acquisition	6 Months Ended
	Jan. 31, 2014
HCN Acquisition [Abstract]
HCN Acquisition	Note 2 – HCN Acquisition
	On December 9, 2013 (“Acquisition Date”), we acquired HCN pursuant to a Share Exchange Agreement (“Agreement”) dated November 27, 2013.  The purchase price was 25,190,000 shares of HEC’s common stock to HCN’s shareholders in exchange for 100% of the outstanding equity interest in HCN and 8,188 shares of HEC Series A Preferred Stock to a holder of convertible preferred stock in HCN in exchange of 100% of his preferred stock in HCN. At date of closing the 25,190,000 shares of common stock issued had a market valuation of $64,990,200 (based on market close of $2.58 on December 9, 2013) and the preferred stock issued had a value of $3,275,200 (8,188 shares at par value of $400).
	In addition, the acquisition Agreement provided that HEC would issue 22,410,000 shares of its common stock to the holders of certain rights to acquire HEC stock.  These rights were previously issued by HEC as contingent consideration in connection with the acquisition of NEI.  The rights had been convertible into HEC common stock based upon HEC market capitalization milestones.  The rights were issued to entities deemed related parties to HEC.
	In anticipation of the HCN acquisition, HEC issued 1,859,879 shares of its common stock to HCN as full payment for HEC’s indebtedness to HCN in the amount of $3,589,567.  A condition to the Agreement closing was that HCN will sell 1,859,879 shares before closing of the acquisition, which it did (see Note 7 – Capital Stock – Receivables for Common Stock).
	With HCN, we acquired its 100% owned subsidiaries: Hydrocarb Namibia Energy (Pty) Limited, a Namibia Company, and Hydrocarb Texas Corporation, a Texas Corporation; and its 95% owned subsidiary Otaiba Hydrocarb LLC, a UAE Limited Liability Company.
	Prior to the share exchange, HCN was directly and indirectly majority-owned and controlled by HEC’s Chairman of the Board and entities related to him and his family.  Since HCN and HEC were under common control of a controlling party both before and after the completion of the share exchange, the transaction was accounted for as a business acquired from an entity under common control and the assets and liabilities acquired were recorded at HCN’s historical cost at Acquisition Date following ASC 805-50-30.  Under this accounting treatment, the results of operations for the three months and six months ended January 31, 2014 and assets and liabilities of HCN as of January 31, 2014 are included in these financial statements as if the transaction had occurred at the beginning of the period.  Prior reporting periods in these financial statements have been retroactively adjusted to include HCN and its subsidiaries.
	According to ASC 805-50-30, the net assets of HCN are to be recorded at historical cost, therefore, the value of the 25,190,000 common shares and 8,188 preferred shares are deemed to be the same as the historical value of HCN net assets of $1,398,127 with excess of $582,616 recorded as additional paid in capital by HEC.
	Summary of the accounting entry to record this acquisition in December 2013 is as follows.
	Assets acquired		$	1,529,246
	Liabilities assumed			(161,599	)
	Noncontrolling interest in 95% owned HCN subsidiary			30,480
			$	1,398,127
	Series A 7% Preferred Stock, par $400			3,275,200
	Common stock, at par			25,190
	Receivable for Common Stock			(2,484,879	)
	Additional paid-in capital			582,616
			$	1,398,127
	HCN had 51% working-interest rights in and operated an unevaluated Namibian concession described in Note 3 – Oil and Gas Properties, below, and provided international oilfield consulting services.  Prior to this acquisition, HEC owned 39% working-interest right in this concession.  With the HCN acquisition, we now own 90% working interest (100% cost responsibility) in the concession.  This 5.3 million-acre concession is located in northern Namibia in Africa.  The concession specifies the following minimum cost responsibilities on an 8/8ths basis:
		1)	Initial Exploration Period (expires September 2015): Perform a hydrocarbon potential study, gather and review existing technical data including reprocessing of available seismic lines, and acquire and process 750 kilometers of new 2D seismic data.  The minimum expenditure is $4,505,000.
		2)	First Renewal Exploration Period (two years from end of the Initial Exploration Period):  Acquire 200 square kilometers of 3D seismic data, interpret and map the data, design a drilling program, drill one well, conduct an environmental study, and relinquish 25% of the exploration license area.  The minimum expenditure is $17,350,000.
		3)	Second Renewal (Production License) Exploration Period (25 years):  Report on reserves and production and conduct an environmental study.  The minimum expenditure is $300,000.
	In conjunction with the HCN acquisition, the HEC Board of Directors authorized the immediate issuance of 22,410,000 shares of our common stock to the former owners of NEI.  We previously acquired NEI on August 7, 2012 and these 22,410,000 shares had been contingently-issuable consideration for the acquisition of NEI. We issued these shares on December 9, 2013.  Based on market close of $2.58 per share on that date, the value of these shares was $57,817,800.  The original agreement contained market conditions for the issuance of this stock.

Oil_and_Gas_Properties

Oil and Gas Properties	6 Months Ended
	Jan. 31, 2014
Oil and Gas Properties [Abstract]
Oil and Gas Properties	Note 3 – Oil and Gas Properties
	Oil and natural gas properties as of January 31, 2014 and July 31, 2013 consisted of the following:
			January 31,			July 31,
			2013			2013
	Evaluated Properties
	Costs subject to depletion		$	19,404,613		$	19,484,507
	Accumulated depletion			(3,101,003	)		(2,617,478	)
	Total evaluated properties			16,303,610			16,867,029
	Unevaluated properties			2,107,745			1,124,805
	Net oil and gas properties		$	18,411,355		$	17,991,834
	Evaluated properties
	Additions to evaluated oil and gas properties during the six months ended January 31, 2014 consisted mainly of exploration costs, specifically, geological and geophysical costs of $26,824.
	Effective September 1, 2013, we conveyed our interest in the Dix, Melody, Curlee, Palacios and Illinois properties to Carter E&P, LLC in conjunction with our termination of Steven Carter as Vice President of Operations for $0 cash proceeds and the assumption of the abandonment liabilities of $4,381. In accordance with full cost rules, we recognized no gain or loss on the sale.
	Unevaluated Properties
	Namibia, Africa
	In September 2012, we acquired a 39% (43.33% cost responsibility) working interest in a concession in Namibia, Africa.  With our acquisition of HCN in December 2013, we acquired a 51% (56.67% cost responsibility) and we now own 90% (100% cost responsibility) of this concession, as described above in Note 2 –Acquisitions.
	Additions to unevaluated properties during the six months ended January 31, 2014 primarily of:
		•	Approximately $800,000 of exploration costs associated with the acquisition of aerial gravity and magnetic data over the Namibia concession, and
		•	Approximately $129,000 of leasehold costs, specifically payment of the annual concession fee to the Government of Namibia.
	As of January 31, 2014, approximately $2,100,000 has been expended towards the initial exploration period.

Impairment

Impairment	6 Months Ended
	Jan. 31, 2014
Impairment [Abstract]
Impairment	Note 4 - Impairment
	Oil and Gas Properties
	We account for our oil and natural gas producing activities using the full cost method of accounting as prescribed by the United States Securities and Exchange Commission (“SEC”). Under this method, subject to a limitation based on estimated value, all costs incurred in the acquisition, exploration, and development of proved oil and natural gas properties, including internal costs directly associated with acquisition, exploration, and development activities, the costs of abandoned properties, dry holes, geophysical costs, and annual lease rentals are capitalized within a cost center.
	We evaluated our capitalized costs using the full cost ceiling test as prescribed by the Securities and Exchange Commission at the end of each reporting period.  As of January 31, 2014 and July 31, 2013, the net book value of oil and gas properties did not exceed the ceiling amount and thus, there was no impairment.
	Changes in production rates, levels of reserves, future development costs, and other factors will determine our actual ceiling test calculation and impairment analyses in future periods.

Asset_Retirement_Obligations

Asset Retirement Obligations	6 Months Ended
	Jan. 31, 2014
Asset Retirement Obligations [Abstract]
Asset Retirement Obligations	Note 5 – Asset Retirement Obligations
	The following is a reconciliation of our asset retirement obligation liability as of January 31, 2014 and July 31, 2013:
		January 31,			July 31,
		2014			2013
	Liability for asset retirement obligation, beginning of period	$	10,933,398		$	9,382,933
	Asset retirement obligations sold		(4,381	)		(438	)
	Asset retirement obligations incurred on properties drilled		—			26,500
	Accretion		488,485			1,056,508
	Revisions in estimated cash flows		(100,932	)		786,120
	Costs incurred		(83,840	)		(318,225	)
	Liability for asset retirement obligation, end of period	$	11,232,730		$	10,933,398
	Current portion of asset retirement obligation	$	579,068		$	724,374
	Noncurrent portion of asset retirement obligation		10,653,662			10,209,024
	Total liability for asset retirement obligation	$	11,232,730		$	10,933,398

Notes_Payable

Notes Payable	6 Months Ended
	Jan. 31, 2014
Notes Payable [Abstract]
Notes Payable	Note 6 – Notes Payable
	HCN Note Payable
	During September 2012, in conjunction with the acquisition of NEI, HEC entered into a Consulting Services Agreement with HCN (the "Consulting Agreement”) which obligated HEC to pay a consulting fee (the "Fee") to HCN of $2,400,000 as follows:
	(a) $800,000 on September 6, 2012, which was 15 days from the date that the Minister of Mines and Energy consented to the assignment of 39% working interest in the Namibian concession to HEC, and
	(b) $1,600,000 note payable, with principal payments of $800,000 each due on August 7, 2013 and August 7, 2014.
	Interest accrued on the principal amount at the rate of 5% per annum, calculated semi-annually and payable in arrears. At HEC’s sole discretion, it could pay the first tranche of the Fee and principal associated with the note payable using HEC common stock. HEC was required to pay a late fee of 10% per quarter for any outstanding balance of the Fee under the Consulting Agreement which will commence 30 calendar days from the date that the Fee or portion of the Fee is due, which by the terms of the Consulting Agreement may only be paid in cash.  The Consulting Agreement is more fully described in our audited financial statements for the year ended July 31, 2013, contained in our Annual Report filed with the SEC on Form 10-K.
	In October 2013, prior to our acquisition of HCN, HEC settled the then-outstanding $2,400,000 Fee and $553,630 of interest and late fees associated with the Fee by issuance of HEC common stock. (See Note 7 - Capital Stock). Further, $25,000 of the related interest and fees was settled in cash.  As the acquisition of HCN is accounted for as an acquisition of an entity under common control and prior reporting periods in these financial statements have been appropriately adjusted as if the acquisition had occurred at the beginning of the comparative periods, this note and related amounts have been removed from these financial statements.
	Installment Notes Payable
	In May 2012, we entered into a note payable of $18,375 to purchase a vehicle. The note is collateralized by the vehicle.  The note carries an interest rate of 6.93% and is payable beginning in June 2012, in 36 installments of $567 per month.  The principal balance owed on the note payable was $8,638 and $11,678 as of January 31, 2014 and July 31, 2013, respectively.
	In March 2013, we financed our commercial insurance program using a note payable for $260,905. Under the note, we are obligated to make nine payments of $29,591 per month, which include principal and interest, beginning in March 2013. As of January 31, 2014, the note payable balance was $0.
	In June 2013, the outstanding balance on our line of credit, $300,000, was replaced by a term loan that matures on June 22, 2015. Under the term loan, we are obligated to make twenty four monthly payments of $12,500 principal reduction plus interest for the month. The note carries interest at prime + 1%, currently 6%. As of January 31, 2014, $212,500 remained outstanding on this note.  The note is collateralized by assets of our subsidiary, GBE.
	In November 2013, we issued a promissory note for funds received from our Chairman of $100,000. Under the terms of the note, principal on the note is due after one year and bears interest at 5% per annum payable on a monthly basis. The note has a special repayment provision: if our producing property in South Texas is sold, the outstanding principal and interest on the note will be paid from the proceeds of the sale.
	As of January 31, 2014, future maturities on our notes payable were as follows:
	Fiscal year ending:
	2014	$	256,294
	2015		64,844
	Total	$	321,138

Capital_Stock

Capital Stock	6 Months Ended
	Jan. 31, 2014
Capital Stock [Abstract]
Capital Stock	Note 7 – Capital Stock
	Series A Preferred Stock
	On December 2, 2013, we filed a Certificate of Designation that created a new class of stock: Series A 7% Convertible Voting Preferred Stock (“Series A Preferred”).  Up to 10,000 shares of Series A Preferred are authorized. The stock has a stated value $400 per share, pays annual dividends at 7%, and is convertible into HEC common stock, at the holder’s option, at a conversion rate of $2.00 per share. The Series A Preferred is neither redeemable nor is it callable. Series A Preferred shareholders may vote their common stock equivalent voting power. We analyzed the Series A Preferred using the guidance contained in ASC 815-40 and concluded that the instrument was indexed to our own stock and qualified to be included in stockholders’ equity.
	In connection with the acquisition of HCN on December 9, 2013, HEC issued 8,188 shares of our Series A Preferred Stock to a former Preferred Stock shareholder of HCN, as described in Note 2 – Acquisitions, above.  Value of the preferred stock at issuance was $3,275,200 (8,188 shares at par value of $400).  These shares were recorded in equity at par of $3,275,200.  Because the Series A preferred stock is immediately convertible, the value of a beneficial conversion feature of $949,808 was immediately recognized as a dividend.
	Common Stock Issuances
	On October 31, 2013, we issued 1,859,879 shares of common stock to HCN to settle the $2,400,000 Fee as described in Note 6 – Notes Payable, $553,630 of interest and late fees associated with the Fee, and $635,937 of joint interest billings payable to HCN for its work on the Namibian concession.  The shares were valued and recorded at $3,589,567, based on the value of the obligations settled.
	In connection with the acquisition of HCN on December 9, 2013, we issued 25,190,000 shares of our common stock, as described in Note 2 – Acquisitions, above.  These common stock shares were recorded in equity at par of $25,190 plus additional paid-in capital of $582,616, totaling $607,806, as described above in Note 2 – Acquisitions.
	In conjunction with the HCN acquisition, we issued 22,410,000 shares of our common stock to the former owners of NEI.  These shares were contingently-issuable consideration for the acquisition of NEI and we valued them at $31,612,000 and recorded it as Acquisition-related costs - related party expense in September 2012.
	During the six months ended January 31, 2014, we issued 134,703 shares of common stock to employees for services performed.  We recognized $270,641 in compensation expense for these shares.
	HCN Series A Preferred Stock
	On December 3, 2013, before the HEC acquisition of HCN, HCN issued 3,963 shares of its Series A Preferred Stock to Kent Watts, HCN CEO, in order to cancel amounts owed to him for advances he made to the Company in the amount of $1,379,891 plus accrued interest and dividends owed to him of $205,309, totaling $1,585,200.  These 3,963 shares of preferred stock plus the previously outstanding 4,225 shares were exchanged for 8,188 shares HEC Series A Preferred Stock, as described above in the acquisition of HCN.
	HCN Common Stock Issuances
	During the six months ended January 31, 2014, prior to HEC’s acquisition of HCN, HCN issued 6,559,257 shares of its common stock for cash of $31,071.  These shares were included in the HCN shares exchanged for the 25,190,000 HEC shares in the HCN Acquisition, as described above.
	Receivables for Common Stock
	On September 6, 2013, HCN sold 575,000 shares of HEC common stock to an employee of HCN in exchange for a note receivable in the amount of $1,000,000.  HEC acquired this receivable upon its acquisition of HCN.  The note is non-interest bearing and is payable only upon the sale of the common stock to a third party or HEC stock being listed on either the NASDAQ or NYSE stock exchanges. We will receive 95% of the proceeds up to $1,000,000 if the underlying stock is sold to a third party. Within 90 days of HEC stock being listed on a major stock exchange, we will receive up to $1,000,000, or the note can be paid earlier at the discretion of the other party. We collected $375,000 in cash on this note receivable subsequent to January 31, 2014 but before the issuance of these financial statements. Following the accounting prescribed by EITF 85-1, Classifying Notes Received for Capital Stock, and SEC Staff Accounting Bulletin No. 40, Topic 4-E, Receivables from Sale of Stock, the collected $375,000 is classified as a receivable within current assets and the remaining balance of $625,000 is classified as a receivable for common stock within equity at January 31, 2014.  At July 31, 2013, these shares were classified as treasury stock within equity at the cost HCN obtained them from outside entities for services performed following the consolidation of comparative periods for acquired entities under common control (See Note 2 – HCN Acquisition).  These shares of common stock are held in the name of the investors and are beneficially owned by the investors and the shares are not retrievable by the Company.
	On December 4, 2013 HCN sold 1,859,879 shares of unregistered and restricted HEC common stock in return for a $1,859,879 non-interest bearing note receivable from an unrelated entity.  HEC acquired this receivable upon its acquisition of HCN.  The 1,859,879 HEC common stock shares were previously issued by HEC to HCN to settle liabilities due by HEC related to the consulting services agreement described below in Note 6 – Notes Payable.  The receivable from the individual is due to HEC upon the following conditions: 1) 100% of the proceeds payable from the sale of all or part of the shares by the owner of the shares to a third party; 2) within sixty days of the six month anniversary of the December 4, 2013 stock sale  or within sixty days from the date that the shares become unrestricted (whichever is first); or 3) 100% of any remaining balance due within 90 days of HEC being listed on a major stock exchange and whereby the share price is above $2.00 per share.  As with the above receivable for common stock, this receivable for the sale of HEC common stock is classified as a receivable for common stock within equity.  These shares of common stock are held in the name of the investors and are beneficially owned by the investors and the shares are not retrievable by the Company.
	Stock Options and Warrants
	As of January 31, 2014, HEC could grant up to 3,000,000 shares of common stock under the 2013 Stock Incentive Plan (“2013 Plan”). The Plan is administered by the Compensation Committee of the Board of Directors, or in the absence of a Compensation Committee, the full Board of Directors, which has substantial discretion to determine persons, amounts, time, price, exercise terms, and restrictions of the grants, if any.
	Options granted to non-employees
	We account for options granted to non-employees under the provisions of ASC 505-50 and record the associated expense at fair value on the final measurement date.  Because there is no disincentive for nonperformance for these awards, the final measurement date occurs when the services are complete, which is the vesting date. For the options granted to non-employees on a graded vesting schedule, we estimate the fair value of the award as of the end of each reporting period and recognize an appropriate portion of the cost based on the fair value on that date.  When the award vests, we adjust the cost previously recognized so that the cost ultimately recognized is equivalent to the fair value on the date the performance is complete.
	In August 2013, 120,000 of the 600,000 options granted to our independent directors became vested and the remainder of the previously unamortized fair value of these options, $16,184, was recognized on the vesting date. The fair value was estimated using the Black-Sholes option pricing model with an expected life of 6.5 years, a risk free interest rate of 2.01%, a dividend yield of 0%, and a volatility factor of 144.01%.
	In October 2013, the board accelerated the vesting of the remaining 480,000 options so that they became fully and immediately vested. The fair value of the options on the date of vesting of $851,096 was recognized immediately as an expense. The fair value was estimated using the Black-Sholes option pricing model with an expected life of 6.5 years, a risk free interest rate of 2.09%, a dividend yield of 0%, and a volatility factor of 117.31%.
	In addition, during October 2013, the final tranche of certain options that had originally been granted to non-employees in April 2011 vested.
	The following table provides information about options granted to non-employees under our stock incentive plans during the six months ended January 31, 2014 and 2013:
			2014				2013
	Number of options granted			-				-
	Compensation expense recognized		$	887,544			$	256,411
	Weighted average exercise price of options  granted		$	N/A			$	N/A
	The following table details the significant assumptions used to compute the fair values of stock options revalued during the six months ended January 31:
			2014				2013
	Risk-free interest rate			2.01% - 2.09	%			1.14% - 1.38	%
	Dividend yield			0	%			0	%
	Volatility factor			117.05-144.01	%			140.30%-141.06	%
	Expected life (years)		6.5 years				6.5 years
	Options granted to employees
	The following table provides information about options granted to employees under our stock incentive plans during the six months ended January 31, 2014 and 2013:
			2014				2013
	Number of options granted			-				-
	Compensation expense recognized		$	56,028			$	127,470
	Weighted average exercise price of options  granted		$	N/A			$	N/A
	Summary information regarding stock options issued and outstanding as of January 31, 2014 is as follows:
			Options				Weighted			Aggregate		Weighted
							Average			intrinsic		average
							Share Price			value		remaining
												contractual
												life (years)
	Outstanding at year ended July 31,2013			1,536,000			$	2.38		$	-		7.98
	Granted			-				-
	Exercised			-				-
	Expired			(72,000	)			2.5
	Outstanding at January 31, 2014			1,464,000			$	2.38		$	114,000		7.81
	No non-vested stock options existed as of January 31, 2014.
	Warrants
	Warrants granted to related party
	During the year ended July 31, 2011, we entered into a consulting agreement with Geoserve Marketing, LLC (“Geoserve”), a company controlled by Michael Watts, who is a related party as described in Note 8 – Related Party Transactions. Under the terms of the agreement, we granted warrants to purchase 1,200,000 shares of common stock that have a market condition.  If our common stock attains a five day average closing price of $7.50 per share, 600,000 warrants with an exercise price of $2.50 and an expiration date of February 15, 2016 shall be exercisable (“Warrant B”). If our common stock attains a five day average closing price of $15.00 per share, 600,000 warrants with an exercise price of $2.50 and an expiration date of February 15, 2016 shall be exercisable (“Warrant C”). The fair value of warrants that vest upon the attainment of a market condition must be estimated and amortized over the lower of the implicit or derived service period of the warrants. Previously recognized expense is not reversed in the event of a subsequent decline in the fair value of market condition equity based compensation.  The fair value of the warrants and the derived service period were valued using a lattice model that values the liability of the warrants based on a probability weighted discounted cash flow model. This model is based on future projections of the various potential outcomes. Warrant B and Warrant C were amortized over the derived service periods of 2.08 years and 2.49 years, respectively.  As of January 31, 2014, the expense for the warrants was fully amortized.
	The following reflects the fair value at the end of the derived service for each of the warrants:
		Warrant B				Warrant C
	Fair value	$		266,017		$		206,245
	The following table reflects information regarding Warrant B and Warrant C during the six months ended January 31, 2014 and 2013:
		2014				2013
	Compensation expense recognized	$		6,754		$		163,047
	Summary information regarding common stock warrants issued and outstanding as of January 31, 2014, is as follows:
			Warrants				Weighted			Aggregate		Weighted
							Average			intrinsic		average
Share Price							value			remaining
										contractual
										life (years)
Outstanding at year ended July 31,2013			3,710,877			$	2.5		$	-		1.87
Granted			-				-
Exercised			-				-
Expired			-				-
Outstanding at quarter ended January 31, 2014			3,710,877			$	2.5		$	-		1.36

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Jan. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions	Note 8 – Related Party Transactions
	In September 2013, before the HEC acquisition of HCN, HCN sold 575,000 shares of HEC common stock to a related party for $1,000,000 note receivable.  We collected $375,000 on this note receivable subsequent to January 31, 2014, but before issuance of these financials and this amount is classified within current assets.  The remaining amount of $625,000 receivable is classified as a receivable for common stock within equity at January 31, 2014.  See discussion of this receivable in Note 7 – Capital Stock – Receivables for Common Stock.
	In October 2013, prior to our acquisition of HCN, we settled our obligations to HCN under the HCN Consulting Agreement through the issuance of 1,859,879 shares of HEC.  These obligations consisted of the then-outstanding $2,400,000 Fee and $553,630 of interest and late fees associated with the Fee by issuance of our common stock. (See Note 7 - Capital Stock). Further, $25,000 of the related interest and fees was settled in cash.  Prior to HEC’s acquisition of HCN, HCN sold these shares to an unrelated entity for a note receivable of $1,859,879.  As HCN is now our wholly-owned subsidiary, this receivable for the sale of HEC common stock is classified as a receivable for common stock within equity. See discussion of this receivable in Note 7 – Capital Stock – Receivables for Common Stock.
	During the reporting period we have had transactions as described below with entities controlled by Michael Watts. Michael Watts is the father-in-law of Jeremy Driver, who served as a director and Chief Executive Officer through November, 2013. Additionally, Michael Watts is the brother of Kent Watts, who became the Company’s Chairman of Board of Directors in October 2013. Michael Watts is a related party to the Company by virtue of his relationships with Mr. Driver and with Mr.  Watts. Further, two of Michael Watts’ adult children are significant shareholders of HEC’s common stock. Between them, they are beneficial owners of approximately 68% of the outstanding common stock.
	A company controlled by Michael Watts purchased a 5% working interest in one of our wells in Galveston Bay.  As of January 31, 2014 and July 31, 2013, this company owed us $80,686 and $84,806, respectively, in joint interest billings.
	During 2011, we entered into a consulting contract with a company controlled by Michael Watts, as detailed in Note 7 – Capital Stock - Warrants.  The contract permits us to terminate the agreement after the first year with thirty days notice.  We recognized expense of $6,754 and $163,047 from this contract during the six months ended January 31, 2014 and 2013, respectively.
	During the quarter ended October 31, 2012, we purchased NEI for up to 24,900,000 shares of our common stock. We recognized $34,834,752 of expense associated with the acquisition of NEI, which consisted of the assumption of NEI’s net liability of $1,837,952, $3,784,800 associated with the 2,490,000 shares issued at the closing date of the acquisition and $29,212,000 associated with 22,410,000 shares that would be issued in stages upon attainment of certain market conditions. The transaction is more fully described in Note 2 – Acquisitions – Namibia Exploration, Inc. of our audited financial statements for the year ended July 31, 2013, contained in our Annual Report filed with the SEC on Form 10-K.
	In conjunction with the HCN acquisition, the HEC board authorized the issuance of 22,410,000 shares of our common stock to the former owners of NEI.  These shares were the contingently-issuable consideration for the acquisition of NEI discussed above in Note 2 – Acquisitions.  We issued these shares on December 9, 2013 and based on market close of $2.58 per share on that date, the value of these shares was $57,817,800.   These shares were issued to the former owners of NEI, who include Michael Watts and entities owned by his adult children, including the wife of Mr. Driver.
	During the year ended July 31, 2013, a company controlled by one of our former officers, Carter E & P, LLC (“Carter”) operated several properties onshore in South Texas, including our producing properties located near the Victoria Barge Canal in Calhoun County, Texas. Although he was not a related party after September 1, 2013, he was a related party during the periods covered by this report.  Revenues generated, lease operating costs, and contractual overhead charges incurred during the time Carter was a related party were as follows:
		Three months ended				Six Months ended
		January 31,				January 31,
		2014		2013		2014		2013
	Revenues	$	-	$	173,429	$	39,274	$	319,136
	Lease operating costs	$	-	$	45,248	$	23,259	$	115,149
	Overhead costs incurred	$	-	$	6,456	$	4,687	$	13,960
		January 31,		July 31,
		2014		2013
	Outstanding related party accounts receivable at period end	$	-	$	91,967
	Outstanding related party accounts payable at period end	$	-	$	-
	In August 2013, we closed our Corpus Christi office and terminated this officer.  In conjunction with the office closure and termination, we assumed operatorship of the Barge Canal properties effective September 1, 2013.  In addition, we conveyed multiple properties located in the South Texas and Illinois area to this officer for $0 cash consideration and assumption of the associated asset retirement obligations. (See Note 3 – Oil and Gas Properties)
	Mr. George Harrop, the father of HEC’s former Chief Accounting Officer, Sarah Berel-Harrop has a 5% working interest in one of our wells in Galveston Bay.  As of January 31, 2014 and July 31, 2013, we had an advance outstanding that is due to Mr. Harrop, which was reflected in the caption “Due to related parties”, of $0 and $15,046 respectively.
	During November 2013, we issued a promissory note for funds received from Mr. Kent Watts of $100,000. Under the terms of the note, principal on the note is due after one year and bears interest at 5% per annum payable on a monthly basis. The note has a special repayment provision; if our producing property in South Texas is sold, the outstanding principal and interest on the note will be paid from the proceeds of the sale. We recognized interest expense of $417 related to this note during the six months ended January 31, 2014.
	During the six months ended January 31, 2014, Kent Watts advanced HCN (prior to its acquisition by HEC) $1,142,232 for working capital purposes.  On December 3, 2013, HCN issued 3,963 shares of its Series A Preferred Stock to Kent Watts in order to cancel the majority of the outstanding balance HCN owed to Kent Watts at that time.  (See Note 7 – Capital Stock – HCN Series A Preferred Stock).  As of January 31, 2014, we had current liabilities to related parties of $63,719.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jan. 31, 2014
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 9 - Commitments and Contingencies
	Legal
	We are subject to legal proceedings, claims and liabilities which arise in the ordinary course of business. We accrue for losses associated with legal claims when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change. Legal fees are charged to expense as they are incurred.
	A state regulator has requested that we renew certain pipeline easements located in Galveston Bay. The easements in question were originally obtained by another company whose successor filed for bankruptcy protection.  Our subsidiary, Galveston Bay Energy, LLC purchased certain assets from the bankruptcy estate; however, based on the bankruptcy court’s order and the purchase and sale agreement, we believe the pipelines and easements in question were not included in assets purchased. The easements in question were scheduled to renew at various dates between 2012 and 2021.  Based on current posted rates, the cost of renewal of all of the easements would be approximately $400,000.  We have engaged legal counsel to dispute the regulator’s claim.  If we are obligated to renew these easements, they would be part of the asset retirement obligation that was acquired with our subsidiary, Galveston Bay Energy, LLC. As such, the potential liability for these easements is factored into the computation of the asset retirement obligation (See Note 5 – Asset Retirement Obligation) that is estimated using the guidance in ASC 410-20.  We have not received any further communications from the regulator as of the date of this report.
	Environmental
	We accrue for losses associated with environmental remediation obligations when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change. Costs of future expenditures for environmental remediation obligations are not discounted to their present value. Recoveries of environmental remediation costs from other parties are recorded at their undiscounted value as assets when their receipt is deemed probable.
	There is soil contamination at a tank facility owned by GBE. Depending on the technique used to perform the remediation, we estimate the cost of remediation to range between $150,000 and $900,000. We have submitted a remediation plan to the appropriate state authorities and have not yet received a response. For the period ended January 31, 2014 and July 31, 2013, $150,000 has been recognized and is included in the balance sheet caption “Accounts payable and accrued expenses.”
	Letters of Credit
	Oil and gas operators in the State of Texas are required to obtain a letter of credit in favor of the Railroad Commission of Texas as security that they will meet their obligations to plug and abandon the wells they operate.  We have two letters of credit in the amount of $6,610,000 and $180,000 issued by Green Bank.  These letters of credit are collateralized by a certificate of deposit held with the bank for the same amount. In addition, we have a letter of credit in the amount of $40,000 issued by a different commercial bank in favor of the landowner of one of our leases as security that we will meet our obligations with regard to the salt water disposal well located on the lease.  The letter of credit is collateralized by a certificate of deposit held with the bank for the same amount.  We pay a 1.5% per annum fee in conjunction with these letters of credit.
	In June 2013, when we renewed the letters of credit, we prepaid the entire years’ interest upfront. We amortize these fees on a straight-line basis. The following table reflects the prepaid balances as of:
		January 31,			July 31,
		2014			2013
	Prepaid letter of credit fees	$	101,850		$	101,850
	Amortization		(59,412	)		(8,488	)
	Net prepaid letter of credit fees	$	42,438		$	93,362

Additional_Financial_Statement

Additional Financial Statement Information	6 Months Ended
	Jan. 31, 2014
Additional Financial Statement Information [Abstract]
Additional Financial Statement Information	Note 10 – Additional Financial Statement Information
	Available for Sale Securities
	During the six months ended January 31, 2013, we owned marketable equity securities, which were classified as available for sale.
	During the quarter ended October 31, 2012, we received cash proceeds of $145,237 from sales of securities with a cost basis of $607,201; thus, we had a realized loss on sale of available for sale securities of $461,964. We reclassified $447,755 unrealized loss from other comprehensive loss into earnings in conjunction with these sales.  In October 2012, we evaluated our securities, specifically stock in Hyperdynamics Corporation, for impairment.  Based on our evaluation, which included factors such as the duration and severity in the decline of the market price of the securities, public announcements of the Hyperdynamics’ farmout agreement for its only asset and the unfavorable market reaction to the agreement, and our intent and ability to hold the securities for a reasonable period of time sufficient for a recovery of our original cost, we determined that the securities had incurred an other than temporary decline in fair market value.  Accordingly, we recognized an other than temporary impairment of $275,327.
	During December 2012, we received cash proceeds of $142,637 from sales of securities with a cost basis of $198,593; thus we had a realized loss on sale of available for sale securities of $55,956.  We reclassified $743,082 unrealized loss from other comprehensive loss into earnings in conjunction with these sales and the impairment.
	As of July 31, 2013 and January 31, 2014, we did not hold any available for sale securities.
	Derivative Warrant Liability
	ASC Topic No. 815-40 defines determining whether an instrument (or embedded feature) is indexed to an entity’s own stock. Certain warrants we issued during the year ended July 31, 2010 are not afforded equity treatment because these warrants have a down-round ratchet provision on the exercise price. As a result, the warrants are not considered indexed to our own stock, and as such, the fair value of the embedded derivative liability is reflected on the balance sheet and all future changes in the fair value of these warrants will be recognized currently in earnings in our consolidated statement of operations under the caption “Loss on warrant derivative liability” until such time as the warrants are exercised or expire. The total fair values of the warrants issued during the year ended July 31, 2010, were determined using a lattice model and have been recognized as a derivative liability as described below.
	The warrants were valued using a multi-nominal lattice model with the following assumptions:
		●	The stock price on the valuation date would fluctuate with our projected volatility;
		●	Warrant holders would exercise at target price multiples of the market price trigger prices.  The target price multiple reduces as the warrants approach maturity;
		●	Warrant holders would exercise the warrant at maturity if the stock price was above two times the reset exercise price;
		●	An annual reset event would occur at 65% discount to market price;
		●	The projected volatility was based on historical volatility.  Because we do not have sufficient trading history to determine our own historical volatility, we used the volatility of a group of comparable companies combined with our own historical volatility from May 2009, when we began trading.
	Based on the valuation, an unrealized gain on changes in fair value of $1,056,224 was recorded as a reduction of the derivative liability and as an unrealized gain on the change in fair value of the liability in our statement of operations for the six months ended January 31, 2013.  Additionally, as a result of the expiration of the down-round repricing features for warrants to purchase shares common stock, the warrants were no longer derivatives.  The fair values of the warrants on the dates the features expired, $269,164, was reclassified to additional paid-in capital during the six months ended January 31, 2013.
	The warrant agreement provides that the anti-dilution provisions expire three years after the issuance of the warrants.  Accordingly, the provision for warrants to purchase 408,065 and 206,400 shares of common stock expired on October 15, 2012 and November 13, 2012, respectively.  As of each those dates, the fair value of the warrant was determined for a final mark to market adjustment and the outstanding warrant derivative liability was reclassified to equity, as the warrants were no longer derivatives.

Subsequent_Events

Subsequent Events	6 Months Ended
	Jan. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	Note 11 – Subsequent Events
	The Company signed a lease for office space and related office equipment in March of 2014.  Rent under the operating lease is approximately $130,000 annually through December 2017.
	Subsequent to January 31, 2014, the Company issued 15,481 shares of its common stock to certain members of its Board of Directors as compensation.
	Subsequent to January 31, 2014, the Company collected $375,000 towards its receivable for common stock – related party.

Description_of_Business_and_Su1

Description of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jan. 31, 2014
Description of Business and Summary of Significant Accounting Policies [Abstract]
Description of business and basis of presentation	Description of business and basis of presentation
	The unaudited consolidated financial statements of Hydrocarb Energy Corp. (“Hydrocarb”, “HEC”, the “Company”, “we”, “us”, “our”) have been prepared in accordance with accounting principles generally accepted in the United States and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in our Annual Report filed with the SEC on Form 10-K for the year ended July 31, 2013. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended July 31, 2013, as reported in the Form 10-K, have been omitted.
	Effective February 18, 2014, we changed our name from Duma Energy Corp. to Hydrocarb Energy Corp.  We trade under the symbol HECC on the OTCBB.
Reclassifications	Reclassifications
	Certain prior year amounts have been reclassified to conform with the current presentation.
Principles of consolidation	Principles of consolidation
	The accompanying consolidated financial statements include the accounts of Hydrocarb Energy Corp., our wholly owned subsidiaries Penasco Petroleum Corporation (“Penasco”), SPE Navigation I, LLC (“SPE”), Galveston Bay Energy, LLC (“GBE”), Namibia Exploration, Inc. (“NEI”), Hydrocarb Corporation (“HCN”), Hydrocarb Texas Corporation, Hydrocarb Energy DRC Corporation, Hydrocarb Namibia Energy (Pty) Limited and Hydrocarb Guinea SARL.  In addition, these financials include our 95% ownership interest in Otaiba Hydrocarb LLC.  All significant intercompany accounts and transactions have been eliminated in consolidation.
	The acquisition of HCN, an entity under common control on December 9, 2013 (See Note 2 – HCN Acquisition) has resulted in a change in the reporting entity. The consolidated financial statements presented for the periods subsequent to the acquisition include the accounts of HCN and its subsidiaries. As the HEC and HCN are under the common control of the same shareholder group, the assets and liabilities acquired were recorded at the historical carrying value and the consolidated financial statements were retroactively restated to reflect the Company as if HCN had been owned since the beginning of the earliest period presented.
Noncontrolling interests	Noncontrolling interests
	Our consolidated financial statements include the accounts of all subsidiaries where we hold a controlling financial interest.  We have a controlling financial interest if we own a majority of the outstanding voting common stock and minority shareholders do not have substantive participating rights, we have significant control over an entity through contractual or economic interests in which we are the primary beneficiary or we have the power to direct the activities that most significantly impact the entity’s economic performance.  The ownership interest in subsidiaries held by third parties are presented in the consolidated balance sheet within equity, but separate from the parent’s equity, as noncontrolling interest.  All significant intercompany balances and transactions have been eliminated in consolidation.
Cash and cash equivalents	Cash and cash equivalents
	Cash and cash equivalents are all highly liquid investments with an original maturity of three months or less at the time of purchase and are recorded at cost, which approximates fair value.
	Our functional currency is the United States dollars. Transactions denominated in foreign currencies are translated into their United States dollar equivalents using current exchange rates. Monetary assets and liabilities are translated using exchange rates that prevailed as of the balance sheet date. Non-monetary assets and liabilities are translated using exchange rates that prevailed as of the transaction date. Revenue, if applicable, and expenses are translated using average exchange rates over the accounting period. We have had no revenue denominated in foreign currencies. Gains or losses resulting from foreign currency transactions are included in results of operations.
Recent accounting pronouncements	Recent accounting pronouncements
	In March 2013, the FASB amended the Foreign Currency Matters Topic of the ASC to clarify the appropriate accounting when a parent ceases to have a controlling interest in a subsidiary or group of assets that is a business within a foreign entity. This clarification provides that the cumulative translation adjustment should only be released into net income if the loss of controlling interest represents complete or substantially complete liquidation of the foreign entity in which the subsidiary or asset group had resided. This amendment is effective for us starting with our first quarter of fiscal year 2015 and adoption would impact our consolidated financial condition and results of operations if we dispose of a foreign entity.
	Other recently issued or adopted accounting pronouncements are not expected to have, or did not have, a material impact on our financial position or results from operations.

HCN_Acquisition_Tables

HCN Acquisition (Tables)	6 Months Ended
	Jan. 31, 2014
HCN Acquisition [Abstract]
Schedule of acquisition accounting entry	Summary of the accounting entry to record this acquisition in December 2013 is as follows.
	Assets acquired	$	1,529,246
	Liabilities assumed		(161,599	)
	Noncontrolling interest in 95% owned HCN subsidiary		30,480
		$	1,398,127
	Series A 7% Preferred Stock, par $400		3,275,200
	Common stock, at par		25,190
	Receivable for Common Stock		(2,484,879	)
	Additional paid-in capital		582,616
		$	1,398,127

Oil_and_Gas_Properties_Tables

Oil and Gas Properties (Tables)	6 Months Ended
	Jan. 31, 2014
Oil and Gas Properties [Abstract]
Schedule of Oil and Natural Gas Properties	Oil and natural gas properties as of January 31, 2014 and July 31, 2013 consisted of the following:
		January 31,			July 31,
		2013			2013
	Evaluated Properties
	Costs subject to depletion	$	19,404,613		$	19,484,507
	Accumulated depletion		(3,101,003	)		(2,617,478	)
	Total evaluated properties		16,303,610			16,867,029
	Unevaluated properties		2,107,745			1,124,805
	Net oil and gas properties	$	18,411,355		$	17,991,834

Asset_Retirement_Obligations_T

Asset Retirement Obligations (Tables)	6 Months Ended
	Jan. 31, 2014
Asset Retirement Obligations [Abstract]
Schedule of Reconciliation of Asset Retirement Obligations	The following is a reconciliation of our asset retirement obligation liability as of January 31, 2014 and July 31, 2013:
		January 31,			July 31,
		2014			2013
	Liability for asset retirement obligation, beginning of period	$	10,933,398		$	9,382,933
	Asset retirement obligations sold		(4,381	)		(438	)
	Asset retirement obligations incurred on properties drilled		—			26,500
	Accretion		488,485			1,056,508
	Revisions in estimated cash flows		(100,932	)		786,120
	Costs incurred		(83,840	)		(318,225	)
	Liability for asset retirement obligation, end of period	$	11,232,730		$	10,933,398
	Current portion of asset retirement obligation	$	579,068		$	724,374
	Noncurrent portion of asset retirement obligation		10,653,662			10,209,024
	Total liability for asset retirement obligation	$	11,232,730		$	10,933,398

Notes_Payable_Tables

Notes Payable (Tables)	6 Months Ended
	Jan. 31, 2014
Notes Payable [Abstract]
Schedule of Future Maturities on Notes Payable	As of January 31, 2014, future maturities on our notes payable were as follows:
	Fiscal year ending:
	2014	$	256,294
	2015		64,844
	Total	$	321,138

Capital_Stock_Tables

Capital Stock (Tables)	6 Months Ended
	Jan. 31, 2014
Capital Stock [Abstract]
Schedule of Information Relating to Stock Options Granted to Nonemployees Under Stock Incentive Plans	The following table provides information about options granted to non-employees under our stock incentive plans during the six months ended January 31, 2014 and 2013:
			2014				2013
	Number of options granted			-				-
	Compensation expense recognized		$	887,544			$	256,411
	Weighted average exercise price of options  granted		$	N/A			$	N/A
Schedule of Assumptions Used to Estimate Fair Value of Stock Option Awards	The following table details the significant assumptions used to compute the fair values of stock options revalued during the six months ended January 31:
			2014				2013
	Risk-free interest rate			2.01% - 2.09	%			1.14% - 1.38	%
	Dividend yield			0	%			0	%
	Volatility factor			117.05-144.01	%			140.30%-141.06	%
	Expected life (years)		6.5 years				6.5 years
Schedule of Information Relating to Stock Options Granted to Employees Under Stock Incentive Plans	The following table provides information about options granted to employees under our stock incentive plans during the six months ended January 31, 2014 and 2013:
			2014				2013
	Number of options granted			-				-
	Compensation expense recognized		$	56,028			$	127,470
	Weighted average exercise price of options  granted		$	N/A			$	N/A
Summary of Stock Option Activity Under Stock Option and Incentive Plans	Summary information regarding stock options issued and outstanding as of January 31, 2014 is as follows:
			Options				Weighted			Aggregate		Weighted
							Average			intrinsic		average
							Share Price			value		remaining
												contractual
												life (years)
	Outstanding at year ended July 31,2013			1,536,000			$	2.38		$	-		7.98
	Granted			-				-
	Exercised			-				-
	Expired			(72,000	)			2.5
	Outstanding at January 31, 2014			1,464,000			$	2.38		$	114,000		7.81
Schedule of Information for Warrants Granted to Related Parties	The following reflects the fair value at the end of the derived service for each of the warrants:
		Warrant B				Warrant C
	Fair value	$		266,017		$		206,245
	The following table reflects information regarding Warrant B and Warrant C during the six months ended January 31, 2014 and 2013:
		2014				2013
	Compensation expense recognized	$		6,754		$		163,047
Summary of Warrant Activity	Summary information regarding common stock warrants issued and outstanding as of January 31, 2014, is as follows:
			Warrants				Weighted			Aggregate		Weighted
							Average			intrinsic		average
							Share Price			value		remaining
												contractual
												life (years)
	Outstanding at year ended July 31,2013			3,710,877			$	2.5		$	-		1.87
	Granted			-				-
	Exercised			-				-
	Expired			-				-
	Outstanding at quarter ended January 31, 2014			3,710,877			$	2.5		$	-		1.36

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	6 Months Ended
	Jan. 31, 2014
Related Party Transactions [Abstract]
Schedule of Revenues and Costs from Facility Controlled by Related Party	During the year ended July 31, 2013, a company controlled by one of our former officers, Carter E & P, LLC (“Carter”) operated several properties onshore in South Texas, including our producing properties located near the Victoria Barge Canal in Calhoun County, Texas. Although he was not a related party after September 1, 2013, he was a related party during the periods covered by this report.  Revenues generated, lease operating costs, and contractual overhead charges incurred during the time Carter was a related party were as follows:
		Three months ended				Six Months ended
		January 31,				January 31,
		2014		2013		2014		2013
	Revenues	$	-	$	173,429	$	39,274	$	319,136
	Lease operating costs	$	-	$	45,248	$	23,259	$	115,149
	Overhead costs incurred	$	-	$	6,456	$	4,687	$	13,960
		January 31,		July 31,
		2014		2013
	Outstanding related party accounts receivable at period end	$	-	$	91,967
	Outstanding related party accounts payable at period end	$	-	$	-

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	6 Months Ended
	Jan. 31, 2014
Commitments and Contingencies [Abstract]
Schedule of Prepaid Balances	In June 2013, when we renewed the letters of credit, we prepaid the entire years’ interest upfront. We amortize these fees on a straight-line basis. The following table reflects the prepaid balances as of:
		January 31,			July 31,
		2014			2013
	Prepaid letter of credit fees	$	101,850		$	101,850
	Amortization		(59,412	)		(8,488	)
	Net prepaid letter of credit fees	$	42,438		$	93,362

Description_of_Business_and_Su2

Description of Business and Summary of Significant Accounting Policies (Details) (USD $)	6 Months Ended
	Jan. 31, 2014
Description of Business and Summary of Significant Accounting Policies [Abstract]
Revenue dominated in foreign currencies	$0
Otaiba Hydrocarb LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage (in hundredths)	95.00%

HCN_Acquisition_Details

HCN Acquisition (Details) (USD $)	0 Months Ended
	Dec. 09, 2013	Dec. 02, 2013	Jan. 31, 2014	Jul. 31, 2013
	Well
	acre
Summary of the accounting entry to record the acquisition [Abstract]
Common stock, at par			$62,876	$13,281
Receivable for Common Stock			2,484,879	0
Additional paid-in capital			78,368,619	75,128,547
Recorded Unconditional Purchase Obligation [Line Items]
Working interest rights (in hundredths)	39.00%		90.00%
Cost responsibility rate (in hundredths)			100.00%
Concession area	5.3
Number of wells required to be drilled under the purchase obligation	1
Initial Exploration Period [Member]
Recorded Unconditional Purchase Obligation [Line Items]
Area of seismic data required by purchase obligation	750
Minimum required expenditure	4,505,000
First Renewal Exploration Period [Member]
Recorded Unconditional Purchase Obligation [Line Items]
Duration of commitment period	2 years
Area of seismic data required by purchase obligation	200
Minimum required expenditure	17,350,000
Percentage of exploration license area relinquish requirement (in hundredths)	25.00%
Second Renewal Exploration Period [Member]
Recorded Unconditional Purchase Obligation [Line Items]
Duration of commitment period	25 years
Minimum required expenditure	300,000
Series A Preferred Stock [Member]
Summary of the accounting entry to record the acquisition [Abstract]
Dividend rate of preferred stock (in hundredths)		7.00%
Preferred stock stated value (in dollars per share)		$400
HCN [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Shares reserved for issuance to certain stock holders with certain rights (in shares)	22,410,000
Value of shares issued to certain stock holders with certain rights	57,817,800
Shares issued and sold to extinguish debt (in shares)	1,859,879
Value of shares issued to extinguish debt	3,589,567
Summary of the accounting entry to record the acquisition [Abstract]
Assets acquired	1,529,246
Liabilities assumed	-161,599
Noncontrolling interest in 95% owned HCN subsidiary	30,480
Total	1,398,127
Series A 7% Preferred Stock, par $400	3,275,200
Common stock, at par	25,190
Receivable for Common Stock	-2,484,879
Additional paid-in capital	582,616
Recorded Unconditional Purchase Obligation [Line Items]
Working interest rights (in hundredths)	51.00%
HCN [Member] | Series A Preferred Stock [Member]
Summary of the accounting entry to record the acquisition [Abstract]
Series A 7% Preferred Stock, par $400	3,275,200
Dividend rate of preferred stock (in hundredths)	7.00%
Preferred stock stated value (in dollars per share)	400
HCN [Member] | Common Stock [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Number of shares exchanged (in shares)	25,190,000
Value of shares issued for acquisition	64,990,200
Per share value of shares issued for acquisition (in dollars per share)	2.58
HCN [Member] | Preferred Stock [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Number of shares exchanged (in shares)	8,188
Value of shares issued for acquisition	3,275,200
Per share value of shares issued for acquisition (in dollars per share)	400
Hydrocarb Namibia Energy (Pty) Limited [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Percentage ownership in subsidiaries (in hundredths)	100.00%
Otaiba Hydrocarb LLC [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Percentage ownership in subsidiaries (in hundredths)	95.00%

Oil_and_Gas_Properties_Narrati

Oil and Gas Properties (Narrative) (Details) (USD $)	6 Months Ended
	Jan. 31, 2014	Sep. 30, 2012	Dec. 31, 2013
Oil And Gas Properties [Line Items]
Geological and geophysical costs	$26,824
Cash proceeds on termination of employment	0
Assumption of abandonment liabilities	4,381
Recognized gain (loss) on sale	0
Namibia Exploration, Inc. [Member]
Oil And Gas Properties [Line Items]
Ownership percentage		39.00%
Cost responsibility rate (in hundredths)		43.33%
Exploration costs	800,000
Leasehold costs	129,000
Amount expended towards initial exploration period	$2,100,000
HCN [Member]
Oil And Gas Properties [Line Items]
Ownership percentage	90.00%		51.00%
Cost responsibility rate (in hundredths)	100.00%		56.67%

Oil_and_Gas_Properties_Schedul

Oil and Gas Properties (Schedule of Oil and Gas Properties) (Details) (USD $)	Jan. 31, 2014	Jul. 31, 2013
Oil and Gas Properties [Abstract]
Costs subject to depletion	$19,404,613	$19,484,507
Accumulated Depletion	-3,101,003	-2,617,478
Total evaluated properties	16,303,610	16,867,029
Unevaluated properties	2,107,745	1,124,805
Net oil and gas properties	$18,411,355	$17,991,834

Asset_Retirement_Obligations_D

Asset Retirement Obligations (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014	Jan. 31, 2013	Jul. 31, 2013
Asset Retirement Obligations [Abstract]
Liability for asset retirement obligation, beginning of period			$10,933,398	$9,382,933	$9,382,933
Asset retirement obligations sold			-4,381	-438	-438
Asset retirement obligation incurred on properties drilled			100,932	20,500	26,500
Accretion	244,509	224,928	488,485	457,116	1,056,508
Revisions in estimated cash flows			-100,932		786,120
Costs incurred			-83,840		-318,225
Liability for asset retirement obligation, end of period	11,232,730		11,232,730		10,933,398
Current portion of asset retirement obligation	579,068		579,068		724,374
Noncurrent portion of asset retirement obligation	$10,653,662		$10,653,662		$10,209,024

Notes_Payable_Details

Notes Payable (Details) (USD $)

1 Months Ended

6 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

Sep. 30, 2012

Jan. 31, 2014

Jan. 31, 2013

31-May-12

Mar. 31, 2013

Oct. 31, 2013

Oct. 31, 2012

Jun. 30, 2013

Nov. 30, 2013

Dec. 09, 2013

Jul. 31, 2013

Sep. 06, 2012

Payment

Payment

Payment

Debt Instrument [Line Items]

Consulting fee

$2,400,000

Working interest rights (in hundredths)

90.00%

39.00%

Interest

10,563

5,863

Year ending:

2014

256,294

2015

64,844

Total

321,138

Notes Payable For Vehicle Purchase [Member]

Debt Instrument [Line Items]

Debt instrument, face amount

18,375

Periodic installments amount

567

Debt instrument, interest rate (in hundredths)

6.93%

Principal balance

8,638

11,678

Number of required periodic payments

36

Note Payable For Commercial Insurance Program [Member]

Debt Instrument [Line Items]

Debt instrument, face amount

260,905

Periodic installments amount

29,591

Principal balance

0

Number of required periodic payments

9

Note Payable - Hydrocarb Corporation [Member]

Debt Instrument [Line Items]

Debt instrument, face amount

1,600,000

Debt instrument, interest rate (in hundredths)

5.00%

Rate of late fee (in hundredths)

10.00%

Period of commencing late fees

30 days

Interest and late fees on notes payable

553,630

Interest

25,000

Note Payable - Hydrocarb Corporation - Payment One [Member]

Debt Instrument [Line Items]

Partial consulting fee payment

800,000

Number of days to the assignment of working interest

15 days

Working interest rights (in hundredths)

39.00%

Periodic installments amount

800,000

Note Payable - Hydrocarb Corporation - Payment Two [Member]

Debt Instrument [Line Items]

Periodic installments amount

800,000

Line of Credit [Member]

Debt Instrument [Line Items]

Periodic installments amount

12,500

Debt instrument, interest rate (in hundredths)

6.00%

Principal balance

212,500

Line of credit facility, amount outstanding

300,000

Number of required periodic payments

24

Line of credit, interest rate spread over prime rate (in hundredths)

1.00%

Note Payable-Chairman [Member]

Debt Instrument [Line Items]

Debt instrument, face amount

$100,000

Debt instrument, interest rate (in hundredths)

5.00%

Term of debt instrument

1 year

Term Loan [Member]

Debt Instrument [Line Items]

Maturity date of term loan

22-Jun-15

Capital_Stock_Details

Capital Stock (Details) (USD $)	0 Months Ended		6 Months Ended		1 Months Ended			0 Months Ended		3 Months Ended
	Dec. 04, 2013	Sep. 06, 2013	Jan. 31, 2014	Jan. 31, 2013	Mar. 16, 2014	Oct. 31, 2013	Mar. 17, 2014	Dec. 02, 2013	Dec. 09, 2013	Jan. 31, 2013	Jul. 31, 2013
Class of Stock [Line Items]
Preferred stock, shares issued (in shares)			4,225
Par value of common stock issued			$62,876								$13,281
Additional Paid in Capital			78,368,619								75,128,547
Advances from affiliates cancelled			1,379,891
Interest and dividends settled			205,309
Settlement of HCN debt with HCN preferred stock			1,585,200	1,690,000
Maximum percentage of proceeds to be received upon sale of stock to third party (in hundredths)	100.00%	95.00%
Maximum proceeds to be received upon sale of stock to third party		1,000,000
Period of stock listing on major stock exchange within which the Company will receive proceeds from sale of stock	90 days	90 days
Receivable classified within current assets			375,000
Receivable for common stock			625,000
Period of six month anniversary of stock sale within which the Company will receive proceeds from sale of stock	60 days
Period from date that shares become unrestricted within which the Company will receive proceeds from sale of stock	60 days
Percentage of remaining receivable balance is due within stock listing period (in hundredths)	100.00%
Minimum share price for note receivable to be due to company (in dollars per share)	$2
Subsequent Event [Member]
Class of Stock [Line Items]
Proceeds from collection of note receivable					375,000
HCN [Member]
Class of Stock [Line Items]
Preferred stock, conversion rate (in dollars per share)									$2.58
Preferred stock									3,275,200
Interest and late fees						553,630
Par value of common stock issued									25,190
Additional Paid in Capital									582,616
Shares issued for services rendered (in shares)						1,859,879
Compensation expense for shares issued for services						2,400,000
Number of shares of common stock issued in exchange for note receivable (in shares)	1,859,879	575,000
Value of common stock issued in exchange for note receivable	1,859,879	1,000,000
Receivable for common stock			625,000
HCN [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Proceeds from collection of note receivable					375,000		375,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Dividend rate (in hundredths)								7.00%
Preferred stock, shares authorized (in shares)								10,000
Preferred stock stated value (in dollars per share)								$400
Preferred stock, conversion rate (in dollars per share)								$2
Preferred stock, shares issued (in shares)			3,963
Series A Preferred Stock [Member] | HCN [Member]
Class of Stock [Line Items]
Dividend rate (in hundredths)									7.00%
Preferred stock stated value (in dollars per share)									$400
Preferred stock, shares issued (in shares)									8,188
Preferred stock									3,275,200
Preferred Stock, Value, Beneficial Conversion Feature									949,808
Common Stock [Member]
Class of Stock [Line Items]
Stock issued for notes payable and joint interest billings (in shares)						1,859,879
Consulting fee payable						2,400,000
Joint interest billings payable						635,937
Stock issued for notes payable and joint interest billings						3,589,567
Shares issued for services rendered (in shares)			134,703
Compensation expense for shares issued for services			270,641
Common Stock [Member] | HCN [Member]
Class of Stock [Line Items]
Interest and late fees						553,630
Stock issued, business acquisition (in shares)										25,190,000
Stock issued, business acquisition									607,806
Shares sold by acquiree prior to acquisition (in shares)									6,559,257
Shares sold by acquiree prior to acquisition									31,071
Common Stock [Member] | NEI [Member]
Class of Stock [Line Items]
Stock issued, business acquisition (in shares)										22,410,000
Stock issued, business acquisition									$31,612,000

Capital_Stock_Options_Granted_

Capital Stock, Options Granted (Details) (USD $)	6 Months Ended				1 Months Ended		12 Months Ended	3 Months Ended
	Jan. 31, 2014		Jan. 31, 2013		Oct. 31, 2013	Aug. 31, 2013	Jul. 31, 2013	Jan. 31, 2014
Information about options granted to non-employees under stock incentive plans [Abstract]
Compensation expense recognized	$1,214,213		$383,881
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options vested (in shares)					480,000
Fair value of options vested					851,096
Assumptions used in estimating fair value of options [Abstract]
Risk free interest rate, minimum (in hundredths)	2.01%		1.14%
Risk free interest rate (in hundredths)					2.09%	2.01%
Risk free interest rate, maximum (in hundredths)	2.09%		1.38%
Dividend yield (in hundredths)	0.00%		0.00%		0.00%	0.00%
Volatility factor, minimum (in hundredths)	117.05%		140.30%
Volatility factor (in hundredths)					117.31%	144.01%
Volatility factor, maximum (in hundredths)	144.01%		141.06%
Expected life	6 years 6 months		6 years 6 months		6 years 6 months	6 years 6 months
Information about options granted to non-employees under stock incentive plans [Abstract]
Number of options granted (in shares)	0		0
Weighted average exercise price of options granted (in dollars per share)	$0	[1]
Options [Roll Forward]
Outstanding, beginning balance (in shares)	1,536,000					1,536,000
Granted (in shares)	0		0
Exercised (in shares)	0
Expired (in shares)	-72,000
Outstanding, ending balance (in shares)	1,464,000						1,536,000	1,464,000
Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning balance (in dollars per share)	$2.38					$2.38
Granted (in dollars per share)	$0	[1]
Exercised (in dollars per share)	$0
Expired (in dollars per share)	$2.50
Outstanding, beginning balance (in dollars per share)	$2.38						$2.38	2.38
Aggregate intrinsic value	114,000						0	114,000
Weighted average remaining contractual life	7 years 9 months 22 days						7 years 11 months 23 days
Stock Option [Member] | Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of options granted (in shares)								600,000
Options vested (in shares)						120,000
Fair value of options vested						16,184
Stock Option [Member] | Non Employees [Member]
Information about options granted to non-employees under stock incentive plans [Abstract]
Compensation expense recognized	887,544		256,411
Weighted average exercise price of options granted (in dollars per share)		[1]		[1]
Weighted Average Exercise Price [Roll Forward]
Granted (in dollars per share)		[1]		[1]
Stock Option [Member] | Employees [Member]
Information about options granted to non-employees under stock incentive plans [Abstract]
Number of options granted (in shares)	0		0
Compensation expense recognized	$56,028		$127,470
Weighted average exercise price of options granted (in dollars per share)		[1]		[1]
Options [Roll Forward]
Granted (in shares)	0		0
Weighted Average Exercise Price [Roll Forward]
Granted (in dollars per share)		[1]		[1]
2013 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares authorized (in shares)	3,000,000							3,000,000
[1]	N/A

Capital_Stock_Warrants_Granted

Capital Stock, Warrants Granted (Details) (USD $)	6 Months Ended			12 Months Ended
	Jan. 31, 2014		Jan. 31, 2013	Jul. 31, 2013	Jul. 31, 2011
Warrants Granted To Related Party [Line Items]
Exercise price (in dollars per share)	$2.50			$2.50
Compensation expense recognized	$1,214,213		$383,881
Warrants [Roll Forward]
Outstanding, beginning balance (in shares)	3,710,877
Granted (in shares)	0
Exercised (in shares)	0
Expired (in shares)	0
Outstanding, beginning balance (in shares)	3,710,877			3,710,877
Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning balance (in dollars per share)	$2.50
Granted (in dollars per share)	$0	[1]
Exercised (in dollars per share)	$0
Expired (in dollars per share)	$0
Outstanding, beginning balance (in dollars per share)	$2.50			$2.50
Aggregate intrinsic value	0			0
Weighted average remaining contractual life	1 year 4 months 10 days			1 year 10 months 13 days
Warrant B [Member]
Warrants Granted To Related Party [Line Items]
Fair value	266,017
Warrant C [Member]
Warrants Granted To Related Party [Line Items]
Fair value			206,245
Warrants [Member]
Warrants Granted To Related Party [Line Items]
Compensation expense recognized	$6,754		$163,047
Geoserve Marketing, LLC [Member]
Warrants Granted To Related Party [Line Items]
Total shares of common stock issuable under warrants (in shares)					1,200,000
Geoserve Marketing, LLC [Member] | Warrant B [Member]
Warrants Granted To Related Party [Line Items]
Period for calculating average closing price	5 days
Average closing stock price that will trigger issuance of additional warrants (in dollars per share)	$7.50
Number of warrants exercisable upon attaining target average closing price (in shares)	600,000
Exercise price (in dollars per share)	$2.50
Expiration date	15-Feb-16
Term of warrants	2 years 0 months 29 days
Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning balance (in dollars per share)	$2.50
Geoserve Marketing, LLC [Member] | Warrant C [Member]
Warrants Granted To Related Party [Line Items]
Period for calculating average closing price	5 days
Average closing stock price that will trigger issuance of additional warrants (in dollars per share)	$15
Number of warrants exercisable upon attaining target average closing price (in shares)	600,000
Exercise price (in dollars per share)	$2.50
Expiration date	15-Feb-16
Term of warrants	2 years 5 months 26 days
Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning balance (in dollars per share)	$2.50
[1]	N/A

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended		6 Months Ended		1 Months Ended	0 Months Ended		1 Months Ended		3 Months Ended	12 Months Ended	1 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014	Jan. 31, 2013	Mar. 16, 2014	Dec. 04, 2013	Sep. 06, 2013	Oct. 31, 2013	Mar. 17, 2014	Oct. 31, 2012	Jul. 31, 2013	Aug. 31, 2013	Dec. 09, 2013
Related Party Transaction [Line Items]
Receivable for common stock	$625,000		$625,000
Acquisition-related costs - related party	0	0	0	34,834,752
Due to related parties	63,719		63,719								301,378
Current related party liability	63,719		63,719								301,378
Subsequent Event [Member]
Related Party Transaction [Line Items]
Proceeds from collection of note receivable					375,000
HCN [Member]
Related Party Transaction [Line Items]
Number of shares of common stock issued in exchange for note receivable (in shares)						1,859,879	575,000
Value of common stock issued in exchange for note receivable						1,859,879	1,000,000
Receivable for common stock	625,000		625,000
Issuance of common stock to settle obligations under consulting agreement (in shares)								1,859,879
Obligations for consulting fee								2,400,000
Obligations for interest and late fees								553,630
Related interest and fees settled in cash								25,000
Note receivable received in exchange for stock sold								1,859,879
Number of shares issued upon achieving milestones (in shares)													22,410,000
Per share price of shares issued (in dollars per share)													$2.58
Value of shares issued upon achieving milestones			57,817,800
Due to related parties	63,719		63,719
Advances from related party			1,142,232
Current related party liability	63,719		63,719
HCN [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Proceeds from collection of note receivable					375,000				375,000
NEI [Member]
Related Party Transaction [Line Items]
Maximum number of shares of common stock that can be issued pursuant to business acquisition (in shares)										24,900,000
Acquisition-related costs - related party										34,834,752
Net liability assumed in business acquisition										1,837,952
Value of shares issued in business acquisition										3,784,800
Number of shares issued at transaction (in shares)										2,490,000
Total contingent value of shares that could be issued if all milestones are achieved										29,212,000
Total contingent shares that could be issued if all milestones are achieved (in shares)										22,410,000
Father-In-Law of Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Number of adult children of related party who are significant shareholders	2		2
Percentage of outstanding common stock owned by beneficial owners (in hundredths)	68.00%		68.00%
Percentage of working interest sold (in hundredths)			5.00%
Outstanding joint interest billings owed by related party	80,686		80,686								84,806
Period of termination notice			30 days
Expense recognized from consulting contract with related party			6,754								163,047
Promissory note for funds received from related party	100,000		100,000
Term of promissory note			1 year
Interest rate on debt (in hundredths)	5.00%		5.00%
Interest expense			417
Carter E&P [Member]
Related Party Transaction [Line Items]
Revenues	0	173,429	39,274	319,136
Lease operating costs	0	45,248	23,259	115,149
Overhead costs incurred	0	6,456	4,687	13,960
Outstanding related party accounts receivable at period end	0		0								91,967
Outstanding related party accounts payable at year end	0		0								0
Terminated Officer in Corpus Christi Office [Member]
Related Party Transaction [Line Items]
Cash consideration associated with conveying properties to terminated officer												0
Father Of Former Chief Accounting Officer [Member]
Related Party Transaction [Line Items]
Working interest owned by related party (in hundredths)	5.00%		5.00%
Due to related parties	0		0								15,046
Current related party liability	$0		$0								$15,046

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	6 Months Ended
	Jan. 31, 2014	Jul. 31, 2013
	LetterofCredit
Commitments And Contingencies [Line Items]
Cost renewal of easements	$400,000
Number of letters of credit in favor of the Railroad Commission of Texas	2
Schedule of prepaid balances [Abstract]
Prepaid letter of credit fees	101,850	101,850
Amortization	-59,412	-8,488
Net prepaid letter of credit fees	42,438	93,362
Minimum [Member]
Commitments And Contingencies [Line Items]
Estimated cost of remediation	150,000
Maximum [Member]
Commitments And Contingencies [Line Items]
Estimated cost of remediation	900,000
Letter of Credit One [Member]
Commitments And Contingencies [Line Items]
Debt instrument, face amount	6,610,000
Debt instrument, fee percentage (in hundredths)	1.50%
Letter of Credit Two [Member]
Commitments And Contingencies [Line Items]
Debt instrument, face amount	180,000
Debt instrument, fee percentage (in hundredths)	1.50%
Letter of Credit Three [Member]
Commitments And Contingencies [Line Items]
Debt instrument, face amount	40,000
Debt instrument, fee percentage (in hundredths)	1.50%
Accounts payable and accrued expenses [Member]
Commitments And Contingencies [Line Items]
Environmental remediation cost recognized	$150,000	$150,000

Additional_Financial_Statement1

Additional Financial Statement Information (Details) (USD $)	0 Months Ended		1 Months Ended	3 Months Ended			6 Months Ended
	Nov. 13, 2012	Oct. 15, 2012	Dec. 31, 2012	Jan. 31, 2014	Jan. 31, 2013	Oct. 31, 2012	Jan. 31, 2014	Jan. 31, 2013
Additional Financial Statement Information [Abstract]
Proceeds from sale of available for sale securities			$142,637			$145,237	$0	$287,874
Cost basis			198,593			607,201
Realized loss on sale of available for sale securities			-55,956	0	-55,956	-461,964	0	-517,920
Unrealized loss reclassified from other comprehensive loss available for sale securities			743,082			447,755
Impairment of available for sale securities				0	0	275,327	0	275,327
Annual reset discount rate (in hundredths)							65.00%
Gain on derivative warrant liability				0	414,630		0	1,056,224
Expiration of derivative warrant liability							$0	$269,164
Expiration period (in years)							3 years
Expiration of warrants to purchase derivative liability	206,400	408,065

Subsequent_Events_Details

Subsequent Events (Details) (Subsequent Event [Member], USD $)	1 Months Ended
	Mar. 17, 2014	Mar. 16, 2014
Subsequent Event [Line Items]
Annual rent payment	$130,000
Expiration date	31-Dec-17
Proceeds from collection of note receivable		$375,000
Board of Directors [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Shares issued (in shares)	15,481