Sable Natural Resources (SNREQ) 10-Q 13 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document and Entity Information	'	'
Entity Registrant Name	'NYTEX Energy Holdings, Inc.	'
Entity Central Index Key	'0001475899	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	34,879,168
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$125,730	$93,728
Accounts receivable, net	265,694	76,696
Prepaid expenses and other	19,849	82,027
Total current assets	411,273	252,451
Restricted cash	3,120,183	3,119,949
Oil & gas properties and equipment, net	1,217,413	934,486
Deposits and other	1,024,797	56,134
Total assets	5,773,666	4,363,020
Current liabilities:	'	'
Accounts payable and accrued expenses	580,723	597,830
Accounts payable - related party	500,000	0
Revenues payable	76	7,837
Debt - current portion	292,232	289,891
Total current liabilities	1,373,031	895,558
Other liabilities:	'	'
Debt	1,361,836	128,807
Derivative liabilities	2,510	2,510
Asset retirement obligation	7,199	7,199
Total liabilities	2,744,576	1,034,074
Commitments and contingencies	'	'
Mezzanine equity:	'	'
Preferred stock, Series A convertible, $0.001 par value; and redemption value of 3,724,004 at September 30, 2014 and December 31, 2013	3,724,004	3,724,004
Stockholders’ equity (deficit):	'	'
Common stock, $0.001 par value; 200,000,000 shares authorized; 35,880,209 shares issued and 34,879,168 outstanding at September 30, 2014 and 27,729,736 shares issued and 26,728,695 outstanding at December 31, 2013	35,879	27,730
Additional paid-in capital	21,668,751	20,615,409
Treasury stock, at cost: 1,001,041 shares at September 30, 2014 and December 31, 2013	-1,860,233	-1,860,233
Accumulated deficit	-20,534,117	-19,172,770
Accumulated other comprehensive loss	-5,194	-5,194
Total stockholders’ equity (deficit)	-694,914	-395,058
Total liabilities and stockholders’ equity (deficit)	$5,773,666	$4,363,020

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, redemption value (in dollars)	$3,724,004	$3,724,004
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	35,880,209	27,729,736
Common stock, shares outstanding	34,879,168	26,728,695
Treasury stock, shares	1,001,041	1,001,041

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues:	'	'	'	'
Land services and other	$612	$13,420	$187,303	$343,802
Oil and gas sales	124,833	78,587	332,661	253,055
Sale of oil and gas interests	15,710	128,188	62,262	244,190
Total revenues	141,155	220,195	582,226	841,047
Operating expenses:	'	'	'	'
Oil & gas lease operating expenses	31,889	43,113	98,890	181,986
Exploration	21,693	0	52,643	0
Depreciation, depletion, and amortization	17,639	19,312	45,213	40,300
Selling, general, and administrative expenses	772,069	618,017	1,574,109	2,246,491
Total operating expenses	843,290	680,442	1,770,855	2,468,777
Loss from operations	-702,135	-460,247	-1,188,629	-1,627,730
Other income (expense):	'	'	'	'
Interest and dividend income	79	1,826	234	10,245
Loss on disposal of assets	0	-154,178	0	-158,065
Loss on sale of securities	0	-20,042	0	-17,367
Interest expense	-54,082	-18,091	-172,952	-53,895
Total other expense	-54,003	-190,485	-172,718	-219,082
Loss before income taxes	-756,138	-650,732	-1,361,347	-1,846,812
Income tax benefit (provision)	0	155,681	0	105,408
Net loss	($756,138)	($495,051)	($1,361,347)	($1,741,404)
Basic and diluted earnings per share:	'	'	'	'
Net loss (usd per share)	($0.02)	($0.02)	($0.05)	($0.07)
Weighted average shares outstanding	'	'	'	'
Basic and diluted (in shares)	34,879,168	26,725,999	29,824,534	26,696,792

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net loss to common stockholders	($756,138)	($495,051)	($1,361,347)	($1,741,404)
Other comprehensive income	'	'	'	'
Unrealized holding gain (loss) on securities available for sale	0	14,119	0	-10,388
Other comprehensive loss	0	14,119	0	-10,388
Comprehensive loss to common stockholders	($756,138)	($480,932)	($1,361,347)	($1,751,792)

Consolidated_Statement_of_Stoc

Consolidated Statement of Stockholders' Equity (USD $)

Total

Cory Hall

Promissory Note

Common Stock

Common Stock

Common Stock

Additional Paid-In Capital

Additional Paid-In Capital

Additional Paid-In Capital

Treasury Stock

Accumulated Deficit

Accumulated Other Comprehensive Income (Loss)

Offering

Cory Hall

Promissory Note

Cory Hall

Promissory Note

Offering

Offering

Balance at Dec. 31, 2013

($395,058)

'

'

$27,730

'

'

$20,615,409

'

'

($1,860,233)

($19,172,770)

($5,194)

Balance (in shares) at Dec. 31, 2013

'

'

'

27,729,736

'

'

'

'

'

1,001,041

'

'

Increase (Decrease) in Stockholders' Equity

'

'

'

'

'

'

'

'

'

'

'

'

Shares issued

'

1,001,738

11,249

'

8,014

112

'

993,724

11,137

'

'

'

Shares issued (in shares)

'

'

'

'

8,013,902

112,500

'

'

'

'

'

'

Share-based compensation

8,070

'

'

23

'

'

8,047

'

'

'

'

'

Share-based compensation (in shares)

'

'

'

24,071

'

'

'

'

'

'

'

'

Warrants issued with debentures

40,434

'

'

'

'

'

40,434

'

'

'

'

'

Comprehensive income (loss):

'

'

'

'

'

'

'

'

'

'

'

'

Net loss

-1,361,347

'

'

'

'

'

'

'

'

'

-1,361,347

'

Comprehensive loss to common stockholders

-1,361,347

'

'

'

'

'

'

'

'

'

'

'

Balance at Sep. 30, 2014

($694,914)

'

'

$35,879

'

'

$21,668,751

'

'

($1,860,233)

($20,534,117)

($5,194)

Balance (in shares) at Sep. 30, 2014

'

'

'

35,880,209

'

'

'

'

'

1,001,041

'

'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net loss	($1,361,347)	($1,741,404)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Depreciation, depletion, and amortization	45,213	39,898
Share-based compensation	8,070	58,087
Share-based debt issuance costs	11,249	0
Accretion of discount on asset retirement obligations	0	402
Amortization of debt discount	51,202	49,347
Gain on sale of oil and gas interest	-32,970	-244,190
Loss on disposal of assets	0	158,065
Loss on sale of securities	0	17,367
Change in working capital:	'	'
Accounts receivable	-188,998	1,013,972
Prepaid expenses and other	62,178	-5,369
Accounts payable and accrued expenses	482,893	490,467
Deposits held in trust	0	170,045
Revenues payable	-7,761	340,792
Net cash provided by (used in) operating activities	-930,271	347,479
Cash flows from investing activities:	'	'
Earnest money paid on property acquisition	-968,663	0
Proceeds from sale of oil and gas properties	89,028	988,938
Investments in oil and gas properties	-384,198	-1,593,416
Restricted cash	-234	153,798
Purchase of marketable securities	0	-8,125
Net cash used in investing activities	-1,264,067	-458,805
Cash flows from financing activities:	'	'
Proceeds from issuance of common stock	1,001,738	0
Issuance of 12% convertible debentures	1,375,000	0
Redemption of Series A convertible preferred stock	0	-999,958
Purchase of treasury shares	0	-343
Borrowings under notes payable	200,000	216,645
Payments on notes payable	-350,398	-238,630
Net cash provided by (used in) financing activities	2,226,340	-1,022,286
Net increase (decrease) in cash and cash equivalents	32,002	-1,133,612
Cash and cash equivalents at beginning of period	93,728	1,484,386
Cash and cash equivalents at end of period	$125,730	$350,774

Consolidated_Statements_of_Cas1

Consolidated Statements of Cash Flows (Parenthetical) (12% Convertible Debentures)	Sep. 30, 2014	Dec. 31, 2013	Feb. 28, 2014
			Convertible Debt
Debt Instrument, Interest Rate, Stated Percentage	12.00%	12.00%	12.00%

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	General
	NYTEX Energy Holdings, Inc. d/b/a Sable Natural Resources (“Sable”) is an energy holding company with principal operations centralized in its wholly-owned subsidiary, NYTEX Petroleum, Inc. which changed its name to Sable Operating Company, Inc. (“Sable Operating”) on July 16, 2014.  Sable Operating is an early-stage exploration and production company engaged in the acquisition, development, and production of oil and natural gas reserves from low-risk, high rate-of-return wells in carbonate reservoirs.
	Basis of Presentation
	The consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information.  These financial statements include the accounts of Sable and entities in which it holds a controlling interest.  All intercompany accounts and transactions have been eliminated in consolidation.  Certain prior-period amounts have been reclassified to conform to the current year classification.
	The interim financial data as of September 30, 2014 and for the three and nine months ended September 30, 2014 and 2013 is unaudited; in the opinion of management, the interim data includes all adjustments, consisting only of normal recurring adjustments, necessary to a fair statement of the results for the interim periods.  The consolidated results of operations for the three and nine months ended September 30, 2014 and 2013 are not necessarily indicative of the results to be expected for the full year.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).  Accordingly, these financial statements should be read in conjunction with the audited consolidated financial statements and related notes thereto as filed in our Annual Report on Form 10-K for the year ended December 31, 2013.
	Liquidity
	We cannot be certain that our existing sources of cash will be adequate to meet our liquidity requirements, including cash requirements that may be due under existing debt obligations as well as amounts due to our vendors in the normal course of business. For the nine months ended September 30, 2014, we incurred a net loss of $1,361,347, and have an accumulated deficit totaling $20,534,117, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing from shareholders or other sources to meet its obligations and repay its liabilities arising from normal business operations when they come due.
	We intend to seek substantial sources of liquidity. In addition, management has implemented plans to improve liquidity through cash flows generated from development of new business initiatives within the oil & gas industry and improvements to results from existing operations. There can be no assurance that we will be successful with our plans or that our results of operations will materially improve in either the short-term or long-term and accordingly, we may be unable to meet our obligations as they become due.
	A fundamental principle of the preparation of financial statements in accordance with generally accepted accounting principles is the assumption that an entity will continue in existence as a going concern, which contemplates continuity of operations and the realization of assets and settlement of liabilities occurring in the ordinary course of business. This principle is applicable to all entities except for entities in liquidation or entities for which liquidation appears imminent. In accordance with this requirement, our policy is to prepare our consolidated financial statements on a going concern basis unless we intend to liquidate or have no other alternative but to liquidate. Our consolidated financial statements have been prepared on a going concern basis and do not reflect any adjustments that might specifically result from the outcome of this uncertainty.
	Restricted cash
	On May 4, 2012, (the “Closing Date”), we entered into an agreement with a third party, FDF Resources Holdings LLC
	(the” Purchaser”), which resulted in the sale of 100% of the outstanding interests of FDF. The total consideration for the sale was $62.5 million. In accordance with the Merger Agreement, $6,250,000 of the total consideration was set aside to be held in escrow and is reported as restricted cash on the accompanying consolidated balance sheets. The funds held in escrow are subject to distribution in accordance with terms set forth in the Merger Agreement including final closing date net working capital. As of September 30, 2014 the balance of $3,120,183 remains for redemption of the Series A convertible preferred stock within the next year.
	Deposits and other
	Deposits and other at September 30, 2014 includes $968,663 in earnest money paid for the acquisition of property.
	Due to related party
	On August 27, 2014 the Company received a loan from Cory R. Hall, President in the amount of $500,000 to secure an extension on the closing date for the acquisition of property until October 15, 2014. The loan will be due when the Company closes the financing of the acquisition and is at zero interest.
	Loss on disposal of assets
	On April 30, 2013, the Company elected to cease the operations of its staffing services business, Petro Staffing Group, LLC. We recognized an net after-tax loss of approximately $114,000 from the disposition transaction, which represents the excess of the book value of the assets disposed over our investment in Petro Staffing Group, LLC.
	Use of Estimates
	The preparation of financial statements in accordance with GAAP requires management to make informed judgments and estimates that affect the reported amounts of assets, liabilities, revenues, and expenses. Management evaluates its estimates and related assumptions regularly, including those related to proved reserves; the value of properties and equipment; goodwill; intangible assets; asset retirement obligations; litigation liabilities; environmental liabilities; pension assets, liabilities, and costs; income taxes; and fair values. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates.
	Earnings Per Common Share
	Basic earnings per share amounts have been computed based on the average number of shares of common stock outstanding for the period. Diluted earnings per share is calculated using the treasury stock method to reflect the potential dilution that could occur if dilutive share-based instruments were exercised. There is no dilution effect on earnings due to the net loss for the period, however the Company has the following potentially dilutive securities outstanding:
		September 30, 2014
	Warrants	5,376,190
	Stock Options	40,000
	Restricted Stock	35,000
	Series A Convertible Preferred Stock	3,724,004
		9,175,194
	Recently Issued Accounting Standards
	The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The ASU changes the criteria for reporting discontinued operations and requires additional disclosures, both for discontinued operations and for individually significant dispositions and assets classified as held for sale not qualifying as discontinued operations. The ASU is effective for annual and interim periods beginning in 2015. Early adoption is permitted for disposals or for assets classified as held for sale that have not been reported in previously issued financial statements. Sable elected to early adopt the ASU on a prospective basis for the quarter ended March 31, 2014. The adoption did not have a material impact on the Company’s consolidated financial statements.
	The FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The ASU requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset, except in certain circumstances as described in the ASU. The ASU is effective for annual and interim periods beginning in 2014. See Note 9 —Income Taxes. The adoption did not have a material impact on the Company's consolidated financial statements.

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
PROPERTY AND EQUIPMENT	'
	PROPERTY AND EQUIPMENT
	Property and equipment, which includes our oil and gas properties at September 30, 2014 and December 31, 2013 consist of the following:
		September 30, 2014			December 31, 2013
	Oil and gas properties - unproved	$	540,682		$	388,937
	Oil and gas properties - proved	856,585			684,560
	Total oil and gas properties	1,397,267			1,073,497
	Furniture, fixtures, and equipment	142,734			138,378
	Total property and equipment	1,540,001			1,211,875
	Accumulated DD&A	(322,588		)	(277,389		)
	Property and equipment, net	$	1,217,413		$	934,486
	Depreciation, depletion & amortization related to our property and equipment was $45,213 and $40,300 for the nine months ended September 30, 2014 and 2013, respectively.

DERIVATIVE_LIABILITIES

DERIVATIVE LIABILITIES	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
DERIVATIVE LIABILITIES	'
	DERIVATIVE LIABILITIES
	At September 30, 2014, we had one derivative liability on our consolidated balance sheet which was related to the warrants issued to the holders of the Company’s Series A Convertible Preferred Stock.  The agreement setting forth the terms of the warrants issued to the holders of the Company’s Series A Convertible Preferred Stock includes an anti-dilution provision that requires a reduction in the instrument’s exercise price should subsequent at-market issuances of the Company’s common stock be issued below the instrument’s original exercise price of $2.00 per share.  Accordingly, we consider the warrants to be a derivative.  As a result, the fair value of this derivative is included as a derivative liability on the accompanying consolidated balance sheets.  At both September 30, 2014 and December 31, 2013, the fair value of the warrants issued to the holders of the Series A Convertible Preferred Stock was $2,510.
	Changes in fair value of the derivative liabilities are included as a separate line item within other income (expense) in the accompanying consolidated statement of operations for the three and nine months ended September 30, 2014 and 2013, and are not taxable or deductible for income tax purposes.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
DEBT	'
	DEBT
	A summary of our outstanding debt obligations as of September 30, 2014 and December 31, 2013 is presented as follows:
		September 30, 2014			December 31,
					2013
	12.0% Convertible Debentures	$	1,336,421		$	—
	Promissory Note (non-interest bearing, net of discount) due October 2015	192,887			200,051
	Promissory Note (non-interest bearing, net of discount) due December 2015	116,389			160,969
	5.74% Insurance Financing due August 2014	—			45,211
	7.5% Secured Equipment Loan due March 2016	8,371			12,467
	Total debt	1,654,068			418,698
	Less: current maturities	(292,232		)	(289,891		)
	Total long-term debt	$	1,361,836		$	128,807
	Carrying values in the table above include net unamortized debt discount of $106,545 and $117,313 as of September 30, 2014 and December 31, 2013, respectively, which is amortized to interest expense over the terms of the related debt.
	12% Convertible Debentures
	In February 2014, we initiated a $1,000,000 offering of convertible debt ("12% Convertible Debentures") to fund our ongoing working capital needs. Terms of the 12% Convertible Debentures were as follows: (i) $100,000 per unit with interest at
	a rate of 12% per annum payable monthly with a maturity of three years from the date of issuance; (ii) convertible at any time prior to maturity at $0.75 per share of the Company's common stock; (iii) each unit included a three-year warrant to purchase up to 30,000 shares of the Company's common stock at an exercise price of $0.75 per share for a period of three years from the effective date of the warrant; and, (iv) an anti-dilution provision that requires a reduction in the conversion price should at-market issuances of the Company’s common stock be issued below the stated conversion price prior to August 31, 2014. The offering was subsequently extended to $2,000,000 with the terms modified as follows: (i) convertible at any time prior to maturity at $0.50 per share of the Company's common stock; (ii) each unit included a three-year warrant to purchase up to 50,000 shares of the Company's common stock at an exercise price of $0.50 per share for a period of three years from the effective date of the warrant. One unit was issued with a maturity of one year from the date of issuance. As of September 30, 2014, we had raised $1,375,000 under the 12% Convertible Debenture offering including warrants to purchase up to 627,500 shares of the Company's common stock.
	The sale of common stock on June 20, 2014 was a "Subsequent Equity Sale" as defined in the 12% Convertible Debentures wherein the stated conversion price of the debenture to common stock is adjusted. As a result the debentures issued prior to March 31, 2014 with a stated conversion price of $0.75 were adjusted to a $0.64 conversion price. Debentures issued after March 31, 2014 and before June 20, 2014 with a stated conversion price of $0.50 were adjusted to a $0.43 conversion price.
	Promissory Notes
	In January 2014, we entered into a $100,000 secured promissory note agreement with an unrelated third party to provide working capital to the Company. The secured promissory note was due four months from the date of issuance. Under the terms of the secured promissory note, the loan paid interest at a rate of 18%, plus an accommodation fee, which, including the interest payable under the loan, was an amount ranging from $5,000 to $20,000, (depending upon the number of months the secured promissory note remained outstanding), plus 12,500 shares of the Company's common stock. In February 2014, the holder of the secured promissory note transferred its principal due under the agreement to the Company's 12% Convertible Debentures and the secured promissory note was deemed paid in full.
	In February 2014, we entered into two $100,000 secured bridge loans ("Secured Bridge Loans") with two unrelated third parties to provide working capital to the Company. Under the terms of the Secured Bridge Loans, principal was due in forty days with interest payable at 18%, plus an accommodation fee, such that combined with the interest due and payable, a sum equal to $20,000 plus 25,000 shares of the Company's common stock was paid. In March 2014, in consideration of the issuance of an additional 25,000 shares of the Company's common stock, the maturity date of both Secured Bridge Loans was extended. In April 2014, the Company made a partial payment totaling $140,000 on the Secured Bridge Loans. In May 2014, one of the Secured Bridge Loans was paid in full, and in September 2014 the second Secured Bridge loan was paid in full.
	In connection with the acquisition of Francis Drilling Fluids, Inc. ("FDF"), on November 23, 2010, we issued a promissory note payable to a former interest holder of FDF in the face amount of $750,000.  The note is an unsecured, non-interest bearing loan that requires quarterly payments of $37,500 and matures October 1, 2015.  At September 30, 2014 and December 31, 2013, we have recorded the note as a discounted debt of $192,887 and $200,051 respectively, using an imputed interest rate of 9%.
	In November 2013, we entered into a promissory note with a third party to finance premiums related to certain insurance policies.  The promissory note bears an annual interest rate of 5.7% with principal and interest payments of $8,109 due monthly through maturity in August 2014, when the note was paid in full.
	In December 2012, we entered into an unsecured, non-interest bearing promissory note with a former vendor in the amount of $342,500 as a settlement for outstanding payables due to the former vendor.  The promissory note required an initial payment of $75,000 with monthly payments of $7,431 due through maturity, on December 31, 2015.  At September 30, 2014 and December 31, 2013, we have recorded the promissory note as a discounted debt of $116,389 and $160,969, respectively, using an imputed interest rate of 7.5%.
	We also have a secured equipment loan outstanding that requires a monthly principal and interest payment based on a fixed interest rate of 7.5% and matures in March of 2016.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	COMMITMENTS AND CONTINGENCIES
	Leases
	The Company leases office space and office equipment under non-cancelable operating leases which provide for minimum annual rentals.  At September 30, 2014, future minimum obligations under these lease agreements are as follows:
	July 1, 2014 to December 31, 2014	$	39,234
	2015	146,193
	2016	134,534
	2017	58,230
	2018	—
	Thereafter	—
		$	378,191
	Total lease rental expense for the nine months ended September 30, 2014 and 2013 was $69,845 and $64,932 respectively.
	Litigation
	We may become involved from time to time in litigation on various matters, which are routine to the conduct of our business.  We believe that none of these actions, individually or in the aggregate, will have a material adverse effect on our financial position or operations, although any adverse decision in these cases, or the costs of defending or settling such claims, could have a material adverse effect on our financial position, operations, and cash flows.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
STOCKHOLDERS' EQUITY	'
	STOCKHOLDERS’ EQUITY
	The authorized capital of Sable consists of 200 million shares of common stock, par value $0.001 per share, and 10 million shares of Series A Convertible Preferred Stock, par value $0.001 per share.  The holders of Series A Convertible Preferred Stock have the same voting rights and powers as the holders of common stock.  Each holder of Series A Convertible Preferred Stock may, at any time, convert their shares of Series A Convertible Preferred Stock into shares of common stock at an initial conversion ratio of one-to-one.  For the three and nine months ended September 30, 2014, we did not issue any shares of common stock related to conversions of the Company’s Series A Convertible Preferred Stock.
	On June 20, 2014, the Board of Directors of the Company approved the sale and issuance of 8,013,902 shares of Common Stock of the Company to Cory R. Hall in exchange for $1,001,738 in accordance with that certain Securities Purchase Agreement executed on June 20, 2014 between the Company and Mr. Hall (the “Offering”). The Offering was made in reliance on the exemption provided by Rule 506(b) promulgated under the Securities Act of 1933, as amended, and certain provisions of Regulation D thereunder based on Mr. Hall’s status as an accredited investor.
	Treasury Stock
	In April 2013, our Board of Directors approved the repurchase of up to an aggregate of 2.7 million shares of our common stock, or approximately 10% of our then outstanding common shares.  The repurchases were made from time-to-time on the open market at prevailing market prices.  The repurchase program continued for twelve months and has now been suspended.  The 12% Convertible Debentures restrict the Company to de minimus repurchases as long as the debentures are outstanding. There were no repurchases during the three and nine months ended September 30, 2014.
	Warrants
	The fair value of our warrants is determined using the Black-Scholes option pricing model and the Monte Carlo simulation.  The expected term of each warrant is estimated based on the contractual term or an expected time-to-liquidity event.  The volatility assumption is estimated based on expectations of volatility over the term of the warrant as indicated by implied volatility.  The risk-free interest rate is based on the U.S. Treasury rate for a term commensurate with the expected term of the warrant.
	A summary of warrant activity for the nine months ended September 30, 2014 and 2013 is as follows:
			Nine Months Ended September 30,
			2014			2013
			Warrants	Weighted		Warrants	Weighted
				Average			Average
				Exercise			Exercise
				Price			Price
	Outstanding at beginning of period		4,748,690	$	1.18	4,748,690	$	1.18
	Issued		627,500	0.54		—	—
	Exercised		—	—		—	—
	Forfeited or expired		—	—		—	—
	Outstanding at end of period		5,376,190	$	1.11	4,748,690	$	1.18
	The following table shows the weighted average assumptions used in the Black-Scholes calculation of the fair value of the warrants issued in the nine months ended September 30, 2014:
	Volatility	114.12% - 129.19%
	Risk-free interest rate	.69% - 1.04%
	Expected life	2.85 Years
	Fair value on grant date	$0.0186 - $0.1234

STOCK_BASED_COMPENSATION

STOCK BASED COMPENSATION	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
STOCK BASED COMPENSATION	'
	STOCK BASED COMPENSATION
	In November 2012, the Board of Directors adopted the 2013 Equity Incentive Plan for the purpose of attracting and retaining the services of key employees, consultants, and non-employee members of the Board of Directors and to provide such persons with a proprietary interest in the Company through the granting of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards, and/or other awards.
	In March 2013, the Company granted to its executive officers, Board of Directors, and certain key employees nonqualified stock options and restricted stock under the 2013 Equity Incentive Plan. Nonqualified stock options to purchase an aggregate 227,000 shares of the Company’s common stock at $0.42 per share were awarded; these options vest ratably over a service period of three years.  A total of 136,200 shares of restricted stock were granted and such awards vest over a three years period.  The total grant date fair value of all of these awards was approximately $101,000.  In August 2014 an additional 200,000 shares of restricted stock were granted with a grant date fair value of $20,000 that vest over a two year period. At September 30, 2014, the unrecognized stock-based compensation expense related to all awards which is expected to be recognized over a weighted average period of 1.6 years is approximately $26,823.
	Stock Options
	We utilize the Black-Scholes option pricing model to measure the fair value of stock options granted to employees and directors. Forfeitures are recognized as a reversal of expense of any unvested amounts in the period incurred.
	The following table summarizes our stock option activity for the nine months ended September 30, 2014:
			Number		Weighted		Weighted			Weighted
			of		Average		Average			Average
			Shares		Exercise		Grant Date			Remaining
					Price Per		Fair Value			Contractual
					Share		Per Share			Term - Years
	Outstanding, December 31, 2013		209,000		$	0.42	$	0.19
	Granted		—		$	—	$	—
	Exercised		—		$	—	$	—
	Canceled / Forfeited		(89,000	)	$	0.42	$	0.19
	Outstanding, September 30, 2014		120,000		$	0.42	$	0.19		8.5
	Options exercisable at September 30, 2014		40,000		$	0.42	$	0.19		8.5
	Restricted stock
	Restricted stock awards are awards of common stock that are subject the restrictions on transfer and to a risk of forfeiture if the awardee terminates employment with the Company prior to the lapse of the restrictions.  The fair value of such stock was determined using the closing price on the grant date and compensation expense is recorded over the applicable vesting periods.  Forfeitures are recognized as a reversal of expense of any unvested amounts in the period incurred.
	The following table summarizes our restricted stock activity for the nine months ended September 30, 2014
			Shares		Wtd Avg
					Grant-Date
					Fair Value
	Nonvested, December 31, 2013		95,800		$	0.44
	Granted		200,000		$	0.1
	Vested		(35,000	)	$	0.42
	Canceled / Forfeited		(50,800	)	$	0.46
	Nonvested, September 30, 2014		210,000		$	0.12
	The following table summarizes our Stock based compensation expense:
		Three months ended September 30,					Nine months ended September 30,
		2014			2013		2014			2013
	Stock options	$	1,944		$	4,178	$	7,179		$	12,478
	Restricted stock	7,717			7,422		15,406			53,422
	Forfeitures	—			—		(14,515		)	(7,813		)
	Total stock based compensation	$	9,661		$	11,600	$	8,070		$	58,087

FINANCIAL_INSTRUMENTS_AND_FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2014
Financial Instruments And Fair Value Measurements [Abstract]	'
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	'
	FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS
	Our financial instruments include cash and cash equivalents, accounts receivable, marketable securities, accounts payable, derivative liabilities, and long-term debt. Because of their short maturity, the carrying amounts of cash and cash equivalents, accounts receivable, and accounts payable approximate fair value.  The carrying value of certain long-term debt instruments approximates fair value since these instruments bear market rates of interest. Additional non-interest bearing long-term instruments have been reduced by a market interest rate. They approximate fair value as a result of this imputed interest.
	Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs.  We utilize a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable.
	•	Level 1 — Quoted prices in active markets for identical assets or liabilities.  These are typically obtained from real-time quotes for transactions in active exchange markets involving identical assets.
	•	Level 2 — Quoted prices for similar assets and liabilities in active markets; quoted prices included for identical or similar assets and liabilities that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets.  These are typically obtained from readily-available pricing sources for comparable instruments.
	•	Level 3 — Unobservable inputs, where there is little or no market activity for the asset or liability.  These inputs reflect the reporting entity’s own beliefs about the assumptions that market participants would use in pricing the asset or liability, based on the best information available in the circumstances.
	As discussed in Note 3, we consider the warrants issued to the holders of the Company’s Series A Convertible Preferred Stock to be derivatives, and, as a result, the fair value of the derivative liabilities are reported on the accompanying consolidated balance sheets.  We value the derivative liabilities using a Monte Carlo simulation, which contains significant unobservable, or Level 3, inputs.  The use of valuation techniques requires us to make various key assumptions for inputs into the model, including assumptions about the expected behavior of the instruments’ holders and expected future volatility of the price of our common stock.  At certain common stock price points within the Monte Carlo simulation, we assume holders of the instruments will convert into shares of our common stock.  In estimating the fair value, we estimated future volatility by considering the historic volatility of the stock of a selected peer group over a five year period.
	We classify our marketable securities as available-for-sale, which are reported at fair value. Unrealized holding gains and losses, net of the related income tax effect, if any, on available-for-sale securities are excluded from income and are reported as accumulated other comprehensive income in stockholders’ equity. Realized gains and losses from securities classified as available-for-sale are included in income. We measure the fair value of our marketable securities based on quoted prices for identical securities in active markets, or Level 1 inputs. As of September 30, 2014 we did not hold any available-for-sale securities. As of September 30, 2013, available-for-sale securities consisted of the following:
			Cost		Gross Unrealized				Fair
	Available For Sale		Basis		Gains		Losses		Value
	Money-market funds		$	494,614	$	—	$	—	$	494,614
			$	494,614	$	—	$	—	$	494,614
	Financial assets and liabilities measured at fair value on a recurring basis are summarized below:
	30-Sep-14		Carrying		Level 1		Level 2		Level 3
			Amount
	Marketable securities		$	—	$	—	$	—	$	—
	Derivative liabilities		$	2,510	$	—	$	—	$	2,510
	30-Sep-13		Carrying		Level 1		Level 2		Level 3
			Amount
	Marketable securities		$	494,614	$	494,614	$	—	$	—
	Derivative liabilities		$	2,510	$	—	$	—	$	2,510
	Included below is a summary of the changes in our Level 3 fair value measurements:
	Balance, December 31, 2013	$	2,510
	Change in derivative liabilities	—
	Issuance of warrant derivative	—
	Balance, September 30, 2014	$	2,510
	Balance, December 31, 2012	$	2,510
	Change in derivative liabilities	—
	Issuance of warrant derivative	—
	Balance, September 30, 2013	$	2,510

INCOME_TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	INCOME TAXES
	Income tax provision for the nine months ended September 30, 2014 and 2013 was $0 and $105,408, respectively.  At September 30, 2014; we had deferred income tax assets of $10,148,637 and a valuation allowance of $9,950,899 resulting in an estimated recoverable amount of deferred income tax assets of $197,739.  This reflects a net increase of the valuation allowance of $473,657 from the December 31, 2013 balance of $9,477,242.  At September 30, 2014, we had deferred income tax liabilities of $197,739.
	The balance of the valuation allowance as of September 30, 2014 and December 31, 2013 was $9,950,899 and $9,477,242, respectively.  The anticipated effective income tax rate is expected to continue to differ from the Federal statutory rate primarily due to the effect of state income taxes, permanent differences between book and taxable income, changes to the valuation allowance, and certain discrete items.

SUPPLEMENTAL_DISCLOSURES_OF_CA

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	9 Months Ended
	Sep. 30, 2014
Supplemental Cash Flow Elements [Abstract]	'
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	'
	SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
	Additional cash flow information was as follows for the nine months ended September 30, 2014 and 2013:
		2014		2013
	Supplemental disclosures of cash flow information:
	Total cash paid for interest	$	110,500	$	4,550
	Total cash paid for taxes	$	—	146,000
		2014		2013
	Supplemental disclosure of non-cash information:
	Warrants issued	$	40,434	$	—

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	SUBSEQUENT EVENTS
	On October 15, 2014, the Company completed the acquisition of 19,881 acres held by production in the Fort Worth Basin at a purchase price of $9,250,000 from Upham Oil & Gas Co., L.P. of Mineral Wells, Texas. The acquisition was financed primarily by issuance of Secured Notes up to a maximum of $15,000,000; bearing interest at the rate of 13% per annum with a maturity in three years. In addition, each Secured Lender will receive (i) a 3.0% overriding royalty interest effective at closing, (ii) on the date that the principal and interest on the Secured Notes is paid in full a record assignment of such Secured Lender's pro rata share of a 33.33% working interest.
	RKJ Holdings, LLC is one of the Lenders under the Loan Agreement as of October 14, 2014. RKJ Holdings, LLC is owned and managed by Mr. Cory R. Hall, the President and Chief Operating Officer of Sable and a member of the Sable Board of Directors. As a Lender, RKJ Holdings loaned Sable $2,850,000 at closing.
	In connection with the transactions described above, effective October 14, 2014, Sable issued warrants (the “Warrants”) exercisable for approximately 4,895,000 shares of common stock of Sable to the Lenders on such date, at an exercise price of $0.50 per share, in consideration of the distribution of the Loan proceeds to Sable, pursuant to warrant agreements with each of the Lenders. As a Lender, Mr. Hall’s entity, RKJ Holdings, LLC was issued warrants to purchase 1,567,500 shares of NYTEX common stock as part of the transactions contemplated by the Loan Agreement.
	Each of the Warrants issued on October 14, 2014 in connection with the transactions contemplated by the Loan Agreement are exercisable for a two year period beginning on October 14, 2014 and ending on October 14, 2016.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information.  These financial statements include the accounts of Sable and entities in which it holds a controlling interest.  All intercompany accounts and transactions have been eliminated in consolidation.  Certain prior-period amounts have been reclassified to conform to the current year classification.
	The interim financial data as of September 30, 2014 and for the three and nine months ended September 30, 2014 and 2013 is unaudited; in the opinion of management, the interim data includes all adjustments, consisting only of normal recurring adjustments, necessary to a fair statement of the results for the interim periods.  The consolidated results of operations for the three and nine months ended September 30, 2014 and 2013 are not necessarily indicative of the results to be expected for the full year.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).  Accordingly, these financial statements should be read in conjunction with the audited consolidated financial statements and related notes thereto as filed in our Annual Report on Form 10-K for the year ended December 31, 2013.
Liquidity	'
	Liquidity
	We cannot be certain that our existing sources of cash will be adequate to meet our liquidity requirements, including cash requirements that may be due under existing debt obligations as well as amounts due to our vendors in the normal course of business. For the nine months ended September 30, 2014, we incurred a net loss of $1,361,347, and have an accumulated deficit totaling $20,534,117, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing from shareholders or other sources to meet its obligations and repay its liabilities arising from normal business operations when they come due.
	We intend to seek substantial sources of liquidity. In addition, management has implemented plans to improve liquidity through cash flows generated from development of new business initiatives within the oil & gas industry and improvements to results from existing operations. There can be no assurance that we will be successful with our plans or that our results of operations will materially improve in either the short-term or long-term and accordingly, we may be unable to meet our obligations as they become due.
	A fundamental principle of the preparation of financial statements in accordance with generally accepted accounting principles is the assumption that an entity will continue in existence as a going concern, which contemplates continuity of operations and the realization of assets and settlement of liabilities occurring in the ordinary course of business. This principle is applicable to all entities except for entities in liquidation or entities for which liquidation appears imminent. In accordance with this requirement, our policy is to prepare our consolidated financial statements on a going concern basis unless we intend to liquidate or have no other alternative but to liquidate. Our consolidated financial statements have been prepared on a going concern basis and do not reflect any adjustments that might specifically result from the outcome of this uncertainty.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in accordance with GAAP requires management to make informed judgments and estimates that affect the reported amounts of assets, liabilities, revenues, and expenses. Management evaluates its estimates and related assumptions regularly, including those related to proved reserves; the value of properties and equipment; goodwill; intangible assets; asset retirement obligations; litigation liabilities; environmental liabilities; pension assets, liabilities, and costs; income taxes; and fair values. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates.
Recently Issued Accounting Standards	'
	Recently Issued Accounting Standards
	The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The ASU changes the criteria for reporting discontinued operations and requires additional disclosures, both for discontinued operations and for individually significant dispositions and assets classified as held for sale not qualifying as discontinued operations. The ASU is effective for annual and interim periods beginning in 2015. Early adoption is permitted for disposals or for assets classified as held for sale that have not been reported in previously issued financial statements. Sable elected to early adopt the ASU on a prospective basis for the quarter ended March 31, 2014. The adoption did not have a material impact on the Company’s consolidated financial statements.
	The FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The ASU requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset, except in certain circumstances as described in the ASU. The ASU is effective for annual and interim periods beginning in 2014. See Note 9 —Income Taxes. The adoption did not have a material impact on the Company's consolidated financial statements.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Potentially dilutive securities	'
	There is no dilution effect on earnings due to the net loss for the period, however the Company has the following potentially dilutive securities outstanding:
		September 30, 2014
	Warrants	5,376,190
	Stock Options	40,000
	Restricted Stock	35,000
	Series A Convertible Preferred Stock	3,724,004
		9,175,194

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Schedule of property and equipment	'
	Property and equipment, which includes our oil and gas properties at September 30, 2014 and December 31, 2013 consist of the following:
		September 30, 2014			December 31, 2013
	Oil and gas properties - unproved	$	540,682		$	388,937
	Oil and gas properties - proved	856,585			684,560
	Total oil and gas properties	1,397,267			1,073,497
	Furniture, fixtures, and equipment	142,734			138,378
	Total property and equipment	1,540,001			1,211,875
	Accumulated DD&A	(322,588		)	(277,389		)
	Property and equipment, net	$	1,217,413		$	934,486

DEBT_Tables

DEBT (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Summary of the entity's outstanding debt obligations	'
	A summary of our outstanding debt obligations as of September 30, 2014 and December 31, 2013 is presented as follows:
		September 30, 2014			December 31,
					2013
	12.0% Convertible Debentures	$	1,336,421		$	—
	Promissory Note (non-interest bearing, net of discount) due October 2015	192,887			200,051
	Promissory Note (non-interest bearing, net of discount) due December 2015	116,389			160,969
	5.74% Insurance Financing due August 2014	—			45,211
	7.5% Secured Equipment Loan due March 2016	8,371			12,467
	Total debt	1,654,068			418,698
	Less: current maturities	(292,232		)	(289,891		)
	Total long-term debt	$	1,361,836		$	128,807
	Carrying values in the table above include net unamortized debt discount of $106,545 and $117,313 as of September 30, 2014 and December 31, 2013, respectively, which is amortized to interest expense over the terms of the related debt.

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of future minimum rental payments for operating leases	'
	At September 30, 2014, future minimum obligations under these lease agreements are as follows:
	July 1, 2014 to December 31, 2014	$	39,234
	2015	146,193
	2016	134,534
	2017	58,230
	2018	—
	Thereafter	—
		$	378,191

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Summary of warrant activity	'
	A summary of warrant activity for the nine months ended September 30, 2014 and 2013 is as follows:
			Nine Months Ended September 30,
			2014			2013
			Warrants	Weighted		Warrants	Weighted
				Average			Average
				Exercise			Exercise
				Price			Price
	Outstanding at beginning of period		4,748,690	$	1.18	4,748,690	$	1.18
	Issued		627,500	0.54		—	—
	Exercised		—	—		—	—
	Forfeited or expired		—	—		—	—
	Outstanding at end of period		5,376,190	$	1.11	4,748,690	$	1.18
	The following table shows the weighted average assumptions used in the Black-Scholes calculation of the fair value of the warrants issued in the nine months ended September 30, 2014:
	Volatility	114.12% - 129.19%
	Risk-free interest rate	.69% - 1.04%
	Expected life	2.85 Years
	Fair value on grant date	$0.0186 - $0.1234

STOCK_BASED_COMPENSATION_Table

STOCK BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Summary of stock option activity	'
	The following table summarizes our stock option activity for the nine months ended September 30, 2014:
			Number		Weighted		Weighted			Weighted
			of		Average		Average			Average
			Shares		Exercise		Grant Date			Remaining
					Price Per		Fair Value			Contractual
					Share		Per Share			Term - Years
	Outstanding, December 31, 2013		209,000		$	0.42	$	0.19
	Granted		—		$	—	$	—
	Exercised		—		$	—	$	—
	Canceled / Forfeited		(89,000	)	$	0.42	$	0.19
	Outstanding, September 30, 2014		120,000		$	0.42	$	0.19		8.5
	Options exercisable at September 30, 2014		40,000		$	0.42	$	0.19		8.5
Summary of restricted stock activity	'
	The following table summarizes our restricted stock activity for the nine months ended September 30, 2014
			Shares		Wtd Avg
					Grant-Date
					Fair Value
	Nonvested, December 31, 2013		95,800		$	0.44
	Granted		200,000		$	0.1
	Vested		(35,000	)	$	0.42
	Canceled / Forfeited		(50,800	)	$	0.46
	Nonvested, September 30, 2014		210,000		$	0.12
Summary of stock based compensation expense	'
	The following table summarizes our Stock based compensation expense:
		Three months ended September 30,					Nine months ended September 30,
		2014			2013		2014			2013
	Stock options	$	1,944		$	4,178	$	7,179		$	12,478
	Restricted stock	7,717			7,422		15,406			53,422
	Forfeitures	—			—		(14,515		)	(7,813		)
	Total stock based compensation	$	9,661		$	11,600	$	8,070		$	58,087

FINANCIAL_INSTRUMENTS_AND_FAIR1

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
Financial Instruments And Fair Value Measurements [Abstract]	'
Summary of available-for-sale securities	'
	As of September 30, 2013, available-for-sale securities consisted of the following:
			Cost		Gross Unrealized				Fair
	Available For Sale		Basis		Gains		Losses		Value
	Money-market funds		$	494,614	$	—	$	—	$	494,614
			$	494,614	$	—	$	—	$	494,614
Summary of financial assets and liabilities from continuing operations at fair value	'
	Financial assets and liabilities measured at fair value on a recurring basis are summarized below:
	30-Sep-14		Carrying		Level 1		Level 2		Level 3
			Amount
	Marketable securities		$	—	$	—	$	—	$	—
	Derivative liabilities		$	2,510	$	—	$	—	$	2,510
	30-Sep-13		Carrying		Level 1		Level 2		Level 3
			Amount
	Marketable securities		$	494,614	$	494,614	$	—	$	—
	Derivative liabilities		$	2,510	$	—	$	—	$	2,510
Summary of the changes in Level 3 fair value measurements	'
	Included below is a summary of the changes in our Level 3 fair value measurements:
	Balance, December 31, 2013	$	2,510
	Change in derivative liabilities	—
	Issuance of warrant derivative	—
	Balance, September 30, 2014	$	2,510
	Balance, December 31, 2012	$	2,510
	Change in derivative liabilities	—
	Issuance of warrant derivative	—
	Balance, September 30, 2013	$	2,510

SUPPLEMENTAL_DISCLOSURES_OF_CA1

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2014
Supplemental Cash Flow Elements [Abstract]	'
Supplemental cash flow information	'
	Additional cash flow information was as follows for the nine months ended September 30, 2014 and 2013:
		2014		2013
	Supplemental disclosures of cash flow information:
	Total cash paid for interest	$	110,500	$	4,550
	Total cash paid for taxes	$	—	146,000
		2014		2013
	Supplemental disclosure of non-cash information:
	Warrants issued	$	40,434	$	—

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended		9 Months Ended			9 Months Ended		0 Months Ended			1 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Aug. 27, 2014	4-May-12	4-May-12	Apr. 30, 2013
						Stock options	Restricted stock	Cory Hall	Francis Drilling Fluids	Francis Drilling Fluids	Petro Staffing Group Llc [Member]
Accounting Policies [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Net earnings (loss) from continuing operations	($756,138)	($495,051)	($1,361,347)	($1,741,404)	'	'	'	'	'	'	'
Accumulated deficit	-20,534,117	'	-20,534,117	'	-19,172,770	'	'	'	'	'	'
Financial information for the discontinued operation	'	'	'	'	'	'	'	'	'	'	'
Percentage of ownership interest in subsidiary sold	'	'	'	'	'	'	'	'	100.00%	'	'
Total consideration	'	'	'	'	'	'	'	'	62,500,000	'	'
Restricted cash	3,120,183	'	3,120,183	'	3,119,949	'	'	'	'	6,250,000	'
Earnest money paid on property acquisition	'	'	968,663	0	'	'	'	'	'	'	'
Advance to secure an extension on closing of acquisition	'	'	'	'	'	'	'	500,000	'	'	'
Interest rate	'	'	'	'	'	'	'	0.00%	'	'	'
Net after-tax loss from the disposition transaction	'	'	'	'	'	'	'	'	'	'	$114,000
Potentially Dilutive Securities	'	'	'	'	'	'	'	'	'	'	'
Warrants	'	'	5,376,190	'	'	'	'	'	'	'	'
Share-based compensation	'	'	'	'	'	40,000	35,000	'	'	'	'
Series A Convertible Preferred Stock	'	'	3,724,004	'	'	'	'	'	'	'	'
Total potentially dilutive securities	'	'	9,175,194	'	'	'	'	'	'	'	'

PROPERTY_AND_EQUIPMENT_Details

PROPERTY AND EQUIPMENT (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Property, plant and equipment	'	'	'	'	'
Total property and equipment	$1,540,001	'	$1,540,001	'	$1,211,875
Accumulated depreciation & depletion	-322,588	'	-322,588	'	-277,389
Property and equipment, net	1,217,413	'	1,217,413	'	934,486
Depreciation, depletion, and amortization	17,639	19,312	45,213	40,300	'
Total oil and gas properties	'	'	'	'	'
Property, plant and equipment	'	'	'	'	'
Total property and equipment	1,397,267	'	1,397,267	'	1,073,497
Oil and gas properties - proved	'	'	'	'	'
Property, plant and equipment	'	'	'	'	'
Total property and equipment	540,682	'	540,682	'	388,937
Oil and gas properties - unproved	'	'	'	'	'
Property, plant and equipment	'	'	'	'	'
Total property and equipment	856,585	'	856,585	'	684,560
Furniture, fixtures, and equipment	'	'	'	'	'
Property, plant and equipment	'	'	'	'	'
Total property and equipment	$142,734	'	$142,734	'	$138,378

DERIVATIVE_LIABILITIES_Details

DERIVATIVE LIABILITIES (Details) (Warrants - Series A Convertible Preferred Stock, USD $)	Sep. 30, 2014	Dec. 31, 2013
	instrument
Warrants - Series A Convertible Preferred Stock	'	'
Derivative liabilities	'	'
Number of derivatives (in instrument)	1	'
Fair value on grant date (usd per warrant)	2	'
Fair value of the warrants	$2,510	$2,510

DEBT_Details

DEBT (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Debt	'	'
Total debt	$1,654,068	$418,698
Less: current maturities	-292,232	-289,891
Total long-term debt	1,361,836	128,807
12% Convertible Debentures	'	'
Debt	'	'
Total debt	1,336,421	0
Interest rate (as a percent)	12.00%	12.00%
Promissory Note (non-interest bearing, net of discount) due October 2015	'	'
Debt	'	'
Total debt	192,887	200,051
Promissory Note (non-interest bearing, net of discount) due December 2015	'	'
Debt	'	'
Total debt	116,389	160,969
5.74% Insurance Financing due August 2014	'	'
Debt	'	'
Total debt	0	45,211
Interest rate (as a percent)	5.74%	5.74%
7.5% Secured Equipment Loan due March 2016	'	'
Debt	'	'
Total debt	$8,371	$12,467
Interest rate (as a percent)	7.50%	7.50%

DEBT_Details_2

DEBT (Details 2) (USD $)

9 Months Ended

1 Months Ended

2 Months Ended

1 Months Ended

1 Months Ended

0 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Feb. 28, 2014

Mar. 31, 2014

Feb. 28, 2014

Feb. 28, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Feb. 28, 2014

Apr. 30, 2014

Mar. 31, 2014

Nov. 23, 2010

Sep. 30, 2014

Dec. 31, 2013

Nov. 30, 2012

Dec. 31, 2012

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Jun. 20, 2014

Feb. 28, 2014

Jun. 20, 2014

Feb. 28, 2014

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

Extended 12% Convertible Debentures

Extended 12% Convertible Debentures

Secured promissory note

Secured promissory note

Secured promissory note

Secured Bridge Loan

Amended Secured Bridge Loans

Amended Secured Bridge Loans

Francis Promissory Note

Francis Promissory Note

Francis Promissory Note

5.5% Insurance Financing

Promissory Note (non-interest bearing, net of discount) due December 2015

Promissory Note (non-interest bearing, net of discount) due December 2015

Promissory Note (non-interest bearing, net of discount) due December 2015

7.5% secured equipment loan

7.5% secured equipment loan

Issued Prior to March 31, 2014

Issued Prior to March 31, 2014

Issued After March 31, 2014

Issued After March 31, 2014

Convertible Debt

Convertible Debt

Convertible Debt

Convertible Debt

Promissory Note

Promissory Note

Promissory Note

Bridge Loan

Bridge Loan

Bridge Loan

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

12% Convertible Debentures

convertible_debenture

Minimum

Maximum

Convertible Debt

Convertible Debt

Convertible Debt

Convertible Debt

Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net unamortized debt discount

$106,545

'

$117,313

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of debt offering

'

'

'

'

'

1,000,000

'

'

2,000,000

100,000

'

'

100,000

'

'

750,000

'

'

'

'

'

342,500

'

'

'

'

'

'

Price per unit of convertible debt

'

'

'

'

'

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

'

'

'

12.00%

12.00%

12.00%

'

'

'

18.00%

'

'

18.00%

'

'

'

'

'

5.74%

'

'

'

7.50%

7.50%

'

'

'

'

Debt instrument term

'

'

'

'

'

'3 years

'

'

'

'4 months

'

'

'40 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Conversion price of debt (usd per share)

'

'

'

'

'

$0.75

'

'

$0.50

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.64

$0.75

$0.43

$0.50

Number of equity instruments per unit

'

'

'

'

'

30,000

627,500

'

50,000

12,500

'

'

25,000

'

25,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Term of warrant

'

'

'

'

'

'3 years

'

'1 year

'3 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of units issued

'

'

'

'

'

'

'

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of 12% convertible debentures

1,375,000

0

'

'

'

'

1,375,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fee amount

'

'

'

'

'

'

'

'

'

'

5,000

20,000

20,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayments of short-term debt

'

'

'

'

'

'

'

'

'

'

'

'

'

140,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Periodic payments of debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

37,500

'

'

'

'

'

'

'

'

'

'

'

'

Frequency of periodic payment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'quarterly

'

'

'monthly

'monthly

'

'

'

'

'

'

'

'

Long-term debt

1,654,068

'

418,698

1,336,421

0

'

'

'

'

'

'

'

'

'

'

'

192,887

200,051

'

'

116,389

160,969

8,371

12,467

'

'

'

'

Imputed interest rate used to discount debt (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9.00%

'

'

'

7.50%

'

'

'

'

'

'

'

Periodic principal and interest payments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,109

7,431

'

'

'

'

'

'

'

'

Down payment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$75,000

'

'

'

'

'

'

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Schedule of future minimum rental payments for operating leases	'	'
July 1, 2014 to December 31, 2014	$39,234	'
2015	146,193	'
2016	134,534	'
2017	58,230	'
2018	0	'
Thereafter	0	'
Total	378,191	'
Total lease rental expense	$69,845	$64,932

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Jun. 20, 2014
			Series A Convertible Preferred Stock	Offering
				Cory Hall
				Common Stock
Equity [Abstract]	'	'	'	'
Common stock, shares authorized	200,000,000	200,000,000	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00	'	'
STOCKHOLDERS' EQUITY	'	'	'	'
Series A Convertible preferred stock, shares authorized	'	'	10,000,000	'
Series A Convertible preferred stock, par value (in dollars per share)	$0.00	$0.00	$0.00	'
Conversion ratio of preferred stock into common shares	1	'	'	'
Stock Issued During Period, Shares, New Issues	'	'	'	8,013,902
Value of stock issued	'	'	'	$1,001,738

STOCKHOLDERS_EQUITY_Details_2

STOCKHOLDERS' EQUITY (Details 2)	1 Months Ended	3 Months Ended	9 Months Ended
	Apr. 30, 2013	Sep. 30, 2014	Sep. 30, 2014
Equity [Abstract]	'	'	'
Number of shares of common stock authorized for repurchase	2,700,000	'	'
Percentage of outstanding shares of common stock authorized for repurchase	10.00%	'	'
Period over which repurchase program is expected to continue	'12 months	'	'
Shares acquired and held in treasury	'	0	0

STOCKHOLDERS_EQUITY_Details_3

STOCKHOLDERS' EQUITY (Details 3) (Warrants, USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Warrants	'	'
Warrants	'	'
Outstanding at beginning of period (in shares)	4,748,690	4,748,690
Issued (in shares)	627,500	0
Exercised (in shares)	0	0
Forfeited or expired (in shares)	0	0
Outstanding at end of period (in shares)	5,376,190	4,748,690
Weighted Average Exercise Price	'	'
Outstanding at beginning of period (in dollars per share)	$1.18	$1.18
Issued (in dollars per share)	$0.54	$0
Exercised (in dollars per share)	$0	$0
Forfeited or expired (in dollars per share)	$0	$0
Outstanding at end of period (in dollars per share)	$1.11	$1.18

STOCKHOLDERS_EQUITY_Details_4

STOCKHOLDERS' EQUITY (Details 4) (Warrants)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013
		Minimum	Maximum
Weighted average assumptions of warrants	'	'	'
Volatility	'	114.12%	129.19%
Risk-free interest rate	'	0.69%	1.04%
Expected life	'2 years 10 months 6 days	'	'
Fair value on grant date (usd per warrant)	'	0.0186	0.1234

STOCK_BASED_COMPENSATION_Detai

STOCK BASED COMPENSATION (Details) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended		1 Months Ended	9 Months Ended	1 Months Ended
	Mar. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2014	Aug. 31, 2014	Mar. 31, 2013
						Nonqualified stock options	Nonqualified stock options	Restricted stock	Restricted stock
Stock based compensation	'	'	'	'	'	'	'	'	'
Service period over which options vest	'	'	'	'	'	'3 years	'	'	'
Granted (in shares)	'	'	'	'	'	'	'	200,000	136,200
Vesting period of award	'	'	'	'	'	'	'	'2 years	'3 years
Total grant date fair value	$101,000	'	'	'	'	'	'	$20,000	'
Weighted average period over which unrecognized stock-based compensation expense is expected to be recognized	'	'	'	'1 year 7 months 0 days	'	'	'	'	'
Unrecognized stock-based compensation expense related to awards	'	26,823	'	26,823	'	'	'	'	'
Stock-based compensation	'	$9,661	$11,600	$8,070	$58,087	'	'	'	'
Number of shares	'	'	'	'	'	'	'	'	'
Outstanding at the beginning of the period (in shares)	'	'	'	'	'	'	209,000	'	'
Granted (in shares)	'	'	'	'	'	227,000	0	'	'
Exercised (in shares)	'	'	'	'	'	'	0	'	'
Canceled / Forfeited (in shares)	'	'	'	'	'	'	-89,000	'	'
Outstanding at the end of the period (in shares)	'	'	'	'	'	'	120,000	'	'
Options exercisable at the end of the period (in shares)	'	'	'	'	'	'	40,000	'	'
Weighted Average Exercise Price Per Share	'	'	'	'	'	'	'	'	'
Outstanding at the beginning of the period (in dollars per share)	'	'	'	'	'	'	$0.42	'	'
Granted (in dollars per share)	'	'	'	'	'	$0.42	$0	'	'
Exercised (in dollars per share)	'	'	'	'	'	'	$0	'	'
Canceled / Forfeited (in dollars per share)	'	'	'	'	'	'	$0.42	'	'
Outstanding at the end of the period (in dollars per share)	'	'	'	'	'	'	$0.42	'	'
Options exercisable at the end of the period (in dollars per share)	'	'	'	'	'	'	$0.42	'	'
Weighted Average Grant-Date Fair Value Per Share	'	'	'	'	'	'	'	'	'
Outstanding at the beginning of the period (in dollars per share)	'	'	'	'	'	'	$0.19	'	'
Granted (in dollars per share)	'	'	'	'	'	'	$0	'	'
Exercised (in dollars per share)	'	'	'	'	'	'	$0	'	'
Canceled / Forfeited (in dollars per share)	'	'	'	'	'	'	$0.19	'	'
Outstanding at the end of the period (in dollars per share)	'	'	'	'	'	'	$0.19	'	'
Options exercisable at the end of the period (in dollars per share)	'	'	'	'	'	'	$0.19	'	'
Weighted Average Remaining Contractual Term	'	'	'	'	'	'	'	'	'
Outstanding at the end of the period	'	'	'	'	'	'	'8 years 6 months 0 days	'	'
Exercisable	'	'	'	'	'	'	'8 years 6 months 0 days	'	'

STOCK_BASED_COMPENSATION_Detai1

STOCK BASED COMPENSATION (Details 2) (Restricted stock, USD $)	1 Months Ended		9 Months Ended
	Aug. 31, 2014	Mar. 31, 2013	Sep. 30, 2014
Restricted stock	'	'	'
Number of Shares	'	'	'
Unvested at the beginning of the period (in shares)	'	'	95,800
Granted (in shares)	200,000	136,200	'
Vested (in shares)	'	'	-35,000
Canceled / Forfeited (in shares)	'	'	-50,800
Unvested at the end of the period (in shares)	'	'	210,000
Weighted Average Grant Date Fair Value Per Share	'	'	'
Unvested at the beginning of the period (in dollars per share)	'	'	$0.44
Granted (in dollars per share)	'	'	$0.10
Vested (in dollars per share)	'	'	$0.42
Canceled / Forfeited (in dollars per share)	'	'	$0.46
Unvested at the end of the period (in dollars per share)	'	'	$0.12

STOCK_BASED_COMPENSATION_Detai2

STOCK BASED COMPENSATION (Details 3) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Stock based compensation	'	'	'	'
Forfeitures	$0	$0	($14,515)	($7,813)
Stock-based compensation	9,661	11,600	8,070	58,087
Stock options	'	'	'	'
Stock based compensation	'	'	'	'
Stock-based compensation gross	1,944	4,178	7,179	12,478
Restricted stock	'	'	'	'
Stock based compensation	'	'	'	'
Stock-based compensation gross	$7,717	$7,422	$15,406	$53,422

FINANCIAL_INSTRUMENTS_AND_FAIR2

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details)	9 Months Ended
	Sep. 30, 2014
Financial Instruments and Fair Value Measurements (Textual)	'
Warrant fair value estimate, historic volatility period used for estimate	'5 years

FINANCIAL_INSTRUMENTS_AND_FAIR3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Sep. 30, 2013
Schedule of Available-for-sale Securities [Line Items]	'
Cost Basis	$494,614
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Fair Value	494,614
Money-market funds	'
Schedule of Available-for-sale Securities [Line Items]	'
Cost Basis	494,614
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Fair Value	$494,614

FINANCIAL_INSTRUMENTS_AND_FAIR4

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details 3) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Financial assets and liabilities from continuing operations at fair value	'	'
Marketable securities	'	$494,614
Carrying Amount	'	'
Financial assets and liabilities from continuing operations at fair value	'	'
Marketable securities	0	494,614
Derivative liabilities	2,510	2,510
Fair Value | Level 1	'	'
Financial assets and liabilities from continuing operations at fair value	'	'
Marketable securities	0	494,614
Derivative liabilities	0	0
Fair Value | Level 2	'	'
Financial assets and liabilities from continuing operations at fair value	'	'
Marketable securities	0	0
Derivative liabilities	0	0
Fair Value | Level 3	'	'
Financial assets and liabilities from continuing operations at fair value	'	'
Marketable securities	0	0
Derivative liabilities	$2,510	$2,510

FINANCIAL_INSTRUMENTS_AND_FAIR5

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Details 4) (Liability, Level 3, USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Liability | Level 3	'	'
Changes in Level 3 fair value measurements	'	'
Beginning balance	$2,510	$2,510
Change in derivative liabilities	0	0
Issuance of warrant derivative	0	0
Ending balance	$2,510	$2,510

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'	'	'	'	'
Income tax provision (benefit)	$0	($155,681)	$0	($105,408)	'
Deferred income tax assets, gross	10,148,637	'	10,148,637	'	'
Valuation allowance	9,950,899	'	9,950,899	'	9,477,242
Estimated recoverable amount of deferred income tax assets	197,739	'	197,739	'	'
Net increase in the valuation allowance	'	'	473,657	'	'
Deferred income tax liabilities	$197,739	'	$197,739	'	'

SUPPLEMENTAL_DISCLOSURES_OF_CA2

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Supplemental disclosures of cash flow information:	'	'
Total cash paid for interest	$110,500	$4,550
Total cash paid for taxes	$0	$146,000
Supplemental disclosure of non-cash information:	'	'
Warrants issued	40,434	0

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (Subsequent Event, USD $)	0 Months Ended			0 Months Ended			0 Months Ended
	Oct. 15, 2014	Oct. 15, 2014	Oct. 14, 2014	Oct. 14, 2014	Oct. 14, 2014	Oct. 14, 2014	Oct. 15, 2014	Oct. 15, 2014
		acre	Secured Note Warrant	Lenders Under Loan Agreement	Lenders Under Loan Agreement	Lenders Under Loan Agreement	Notes Issued October 2014	Notes Issued October 2014
				RKJ Holdings	RKJ Holdings	RKJ Holdings	Secured Debt	Secured Debt
					Secured Note Warrant	Secured Note Warrant
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'
Area of land acquired	'	19,881	'	'	'	'	'	'
Purchase price	$9,250,000	'	'	'	'	'	'	'
Amount of debt offering	'	'	'	'	'	'	'	15,000,000
Interest rate (as a percent)	'	'	'	'	'	'	'	13.00%
Debt instrument term	'	'	'	'	'	'	'3 years	'
Royalty interests issued to each Lender	'	'	'	'	'	'	'	3.00%
Non-operator working interest in property	'	'	'	'	'	'	'	33.33%
Debt issued from related party	'	'	'	$2,850,000	'	'	'	'
Warrants issued (in shares)	'	'	4,895,000	'	'	1,567,500	'	'
Exercise price per share (usd per warrant)	'	'	0.5	'	'	'	'	'
Warrant exercise period	'	'	'	'	'2 years	'	'	'