Sable Natural Resources (SNREQ) 10-K 1 Apr 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 27, 2015	Jun. 30, 2014
Document and Entity Information
Entity Registrant Name	NYTEX Energy Holdings, Inc.
Entity Central Index Key	1475899
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$1,877,926
Entity Common Stock, Shares Outstanding		35,157,501
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$205,999	$93,728
Accounts receivable, net	117,833	76,696
Inventory	59,385	0
Prepaid expenses and other	91,480	82,027
Total current assets	474,697	252,451
Restricted cash	2,986,154	3,119,949
Oil and natural gas properties and equipment, net	11,665,160	934,486
Deferred financing costs	3,209,168	0
Deposits and other assets	262,697	56,134
Total assets	18,597,876	4,363,020
Current liabilities:
Accounts payable	1,674,295	491,492
Accounts payable - related party	480,000	0
Accrued liabilities	414,567	106,338
Revenues payable	69,548	7,837
Debt - current portion	282,791	289,891
Total current liabilities	2,921,201	895,558
Other liabilities:
Debt	10,681,124	128,807
Accrued working interest	3,053,272	0
Derivative liabilities	617,125	2,510
Asset retirement obligation	1,284,771	7,199
Total liabilities	18,557,493	1,034,074
Commitments and contingencies (Note 8)
Stockholders’ equity (deficit):
Common stock, $0.001 par value; 200,000,000 shares authorized; 36,158,542 issued and 35,157,501 outstanding at December 31, 2014; and, 27,729,736 issued and 26,728,695 outstanding at December 31, 2013	36,158	27,730
Additional paid-in capital	21,947,952	20,615,409
Treasury stock, at cost: 1,001,041 and 1,001,041 shares at December 31, 2014 and 2013, respectively	-1,860,233	-1,860,233
Accumulated deficit	-23,807,498	-19,172,770
Accumulated other comprehensive income	0	-5,194
Total stockholders’ equity (deficit)	-3,683,621	-395,058
Total liabilities and stockholders’ equity (deficit)	18,597,876	4,363,020
Series A Convertible Preferred Stock
Mezzanine equity:
Preferred stock, Series A convertible, $0.001 par value; redemption value of $3,724,004 and $3,724,004 at December 31, 2014 and 2013, respectively	$3,724,004	$3,724,004

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
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	36,158,542	27,729,736
Common stock, shares outstanding	35,157,501	26,728,695
Treasury stock, shares	1,001,041	1,001,041
Series A Convertible Preferred Stock
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, redemption value (in dollars)	$3,724,004	$3,724,004

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Land services	$187,303	$434,906
Oil and natural gas sales	662,290	219,160
Sale of oil and natural gas interests	62,262	276,092
Total revenues	911,855	930,158
Operating expenses:
Lease operating expenses	770,312	86,740
Depletion, depreciation and accretion	459,981	100,207
Selling, general and administrative expenses	3,389,447	3,054,601
Exploration	112,763	0
Loss on sale of assets, net	134,106	31,892
Impairment loss	453,968	355,865
Total operating expenses	5,320,577	3,629,305
Loss from operations	-4,408,722	-2,699,147
Other income (expense):
Interest and dividend income	1,025	11,029
Interest expense	-557,006	-71,685
Deferred financing cost amortization	-242,498	0
Change in fair value of derivative liabilities	464,273	0
Change in value of accrued working interest	113,394	0
Loss on sale of marketable securities	0	-27,755
Total other income (expense)	-220,812	-88,411
Loss before taxes	-4,629,534	-2,787,558
Income tax (provision) benefit	0	110,929
Net loss	($4,629,534)	($2,676,629)
Basic and diluted loss per share:
Net Income (loss) (in dollars per share)	($0.15)	($0.10)
Weighted average shares outstanding
Basic and diluted (in shares)	31,148,146	26,704,835

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net loss	($4,629,534)	($2,676,629)
Other comprehensive income:
Unrealized holding gains on securities available-for-sale	-5,194	-10,388
Reclassification adjustment	5,194	10,388
Other comprehensive income	0	0
Comprehensive loss	($4,629,534)	($2,676,629)

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (Deficit) (USD $)	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive Income	Promissory Note	Promissory Note	Promissory Note
								Common Stock	Additional Paid-In Capital
Balance at Dec. 31, 2012	$2,213,172	$27,653	$20,546,744	($1,859,890)	($16,506,529)	$5,194
Balance (in shares) at Dec. 31, 2012		27,652,749		999,591
Increase (Decrease) in Stockholders' Equity
Shares issued for share based compensation and services	61,106	77	61,029
Shares issued for share based compensation and services (in shares)	76,987	76,987
Other share based compensation	7,636		7,636
Treasury stock acquired	-343			-343
Treasury stock acquired (in shares)				-1,450
Comprehensive income (loss):
Net loss	-2,676,629				-2,676,629
Reclassification adjustment	0				10,388	-10,388
Comprehensive loss to common stockholders	-2,676,629
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 for share based compensation and services	221,765	302	221,463
Shares issued for share based compensation and services (in shares)	302,404	302,404
Warrants issued with debentures	106,219		106,219
Issuance of stock	1,001,738	8,014	993,724				11,249	112	11,137
Issuance of stock (in shares)		8,013,902						112,500
Comprehensive income (loss):
Net loss	-4,629,534				-4,629,534
Reclassification adjustment	0				-5,194	5,194
Comprehensive loss to common stockholders	-4,629,534
Balance at Dec. 31, 2014	($3,683,621)	$36,158	$21,947,952	($1,860,233)	($23,807,498)	$0
Balance (in shares) at Dec. 31, 2014		36,158,542		1,001,041

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net loss	($4,629,534)	($2,676,629)
Adjustments to reconcile net loss to net cash used in operating activities:
Depletion, depreciation, and accretion	459,981	100,208
Bad debt expense	0	549,818
Share-based compensation	221,765	68,742
Stock based interest expense	11,249	0
Amortization of debt discount	129,635	65,796
Amortization of deferred financing costs	242,498	0
Change in fair value of derivative liabilities	-464,273	0
Change in value of accrued working interest liability	-113,394	0
Sale of oil and natural gas interest	-62,262	-276,092
Loss on sale of assets, net	134,106	31,892
Loss on sale of marketable securities	0	27,755
Impairment loss	453,968	355,865
Change in working capital:
Accounts receivable	-41,137	1,913,463
Inventory	-59,385	0
Prepaid expenses and other	-9,453	-1,775
Accounts payable	1,182,803	-145,666
Accounts payable related party	480,000	0
Accrued liabilities	308,229	0
Revenues payable	61,711	0
Deposits and other assets	-206,563	-369
Other liabilities	0	-223,110
Net cash used in operating activities	-1,900,056	-210,102
Cash flows from investing activities:
Acquisition of oil and natural gas properties	-9,500,000	0
Proceeds from sale of assets	197,776	1,322,143
Additions to property and equipment	-221,550	-41,295
Investments in oil and natural gas properties	-1,066,015	-1,738,453
Restricted cash	-311	1,193,650
Purchase of marketable securities	0	-8,136
Proceeds from sale of marketable securities	0	494,625
Net cash provided by (used in) investing activities	-10,590,100	1,222,534
Cash flows from financing activities:
Proceeds from the issuance of 13% Secured Notes	9,650,000	0
Proceeds from the issuance of 12% Convertible Debentures	1,950,000	0
Proceeds from the issuance of Common Stock	1,001,738	0
Redemption of Series A convertible preferred stock	0	-2,039,865
Borrowings under notes payable	409,682	273,535
Payments on notes payable	-408,993	-636,417
Purchase of treasury stock	0	-343
Net cash provided by (used in) financing activities	12,602,427	-2,403,090
Net increase (decrease) in cash and cash equivalents	112,271	-1,390,658
Cash and cash equivalents at beginning of year	93,728	1,484,386
Cash and cash equivalents at end of year	$205,999	$93,728

Consolidated_Statements_of_Cas1

Consolidated Statements of Cash Flows (Parenthetical)	Dec. 31, 2014
Secured Notes
Interest rate (as a percent)	13.00%
Convertible debentures
Interest rate (as a percent)	12.00%

NATURE_OF_BUSINESS

NATURE OF BUSINESS	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF BUSINESS	NATURE OF BUSINESS
	Sable Natural Resources Corporation (“Sable”), which was formerly known as NYTEX Energy Holdings, Inc., is an energy holding company with principal operations centralized in its wholly-owned subsidiary, Sable Operating Company, Inc. (“Sable Operating”) which was formerly known as NYTEX Petroleum, Inc.  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.
	Sable and subsidiaries are collectively referred to herein as the “Company,” “we,” “us,” and “our.”
	Sable and its subsidiaries are headquartered in Dallas, Texas.
	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 year ended December 31, 2014, we incurred a net loss of $4,629,534 and have an accumulated deficit totaling $23,807,498, 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.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Principles of Consolidation and Basis of Presentation
	The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States. The consolidated financial statements include the accounts of Sable and entities in which it holds a controlling interest. All intercompany transactions have been eliminated.  Certain prior-period amounts have been reclassified to conform to the current-year presentation. This has not affected previously reported results.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods.  On an ongoing basis, we review these estimates based on information that is currently available.  Changes in facts and circumstances may cause us to revise our estimates.  The most significant estimates relate to revenue recognition, depreciation, depletion and amortization, the assessment of impairment of long-lived assets and oil and natural gas properties, income taxes, and fair value.  Actual results could differ from estimates under different assumptions and conditions, and such results may affect operations, financial position, or cash flows.
	Cash and Cash Equivalents
	We consider all demand deposits, money market accounts, and highly liquid investments with original maturities of three months or less to be cash equivalents.  The carrying amount of cash and cash equivalents reported on the consolidated balance sheet approximates fair value.  We maintain funds in bank accounts which, from time to time, exceed federally insured limits.
	Accounts Receivable
	We provide credit in the normal course of business to our customers and perform ongoing credit evaluations of those customers.  We maintain an allowance for doubtful accounts based on factors surrounding the credit risk of specific customers, historical trends, and other information.   A portion of our receivables are from the operators of producing wells in which we maintain ownership interests.  These operators market our share of crude oil and natural gas production.  The ability to collect is dependent upon the general economic conditions of the purchasers/participants and the oil and gas industry. Our Allowance for doubtful accounts was $331,689 and $554,401 as of December 31, 2014 and 2013, respectively. During the year ended December 31, 2014 we did not recognize any bad debt expense. During the year ended December 31, 2013, we recognized $549,818 in bad debt expense which is reported in general and administrative expenses on the accompanying Consolidated Statement of Operations.
	Marketable Securities
	We determine the appropriate classification of our investments in marketable securities at the time of acquisition and reevaluate such determinations at each balance sheet date.  Marketable securities are classified as held to maturity when we have the positive intent and ability to hold securities to maturity. Marketable securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and are reported at fair value, with the unrealized gains and losses recognized in earnings.  Marketable securities not classified as held to maturity or as trading, are classified as available for sale, and are carried at fair market value, with the unrealized gains and losses, net of tax, included in the determination of comprehensive income (loss) and reported in shareholders’ equity.  We have classified all of our marketable securities as available for sale.  The fair value of substantially all securities is determined by quoted market prices. The estimated fair value of securities for which there are no quoted market prices is based on similar types of securities that are traded in the market.
	We review our marketable securities on a regular basis to determine if any security has experienced an other-than-temporary decline in fair value.  We consider several factors including the length of the time and the extent to which the fair value has been below cost, the financial condition and near-term prospects of the affiliated entity, and other factors, in our review.  If we determine that an other-than-temporary decline exists in a marketable security, we write down the investment to its market value and record the related write-down as an investment loss in our Consolidated Statement of Operations. We have recognized a loss on sale of our marketable securities of $27,755 for the year ended December 31, 2013.
	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. The remaining balance at December 31, 2014 of $2,986,154 will be distributed to liquidate the preferred shareholders on May 15, 2015.
	Property and equipment
	Property and equipment are recorded at cost less accumulated depletion, depreciation, and accretion (“DD&A”).  Costs of improvements that appreciably improve the efficiency or productive capacity of existing properties or extend their lives are capitalized.  Maintenance and repairs are expensed as incurred. Upon retirement or sale, the cost of properties and equipment, net of the related accumulated DD&A, is removed and, if appropriate, gain or loss is recognized in the respective period’s consolidated statement of operations.
	For our oil and natural gas properties, we follow the successful efforts method of accounting for oil and natural gas exploration and development costs.  Under this method of accounting, all property acquisition costs and costs of exploratory wells are capitalized when incurred, pending determination of whether additional proved reserves are found.  If an exploratory well does not find additional reserves, the costs of drilling the well are charged to expense.  The costs of development wells, whether productive or nonproductive, are capitalized.  Geological and geophysical costs on exploratory prospects and the costs of carrying and retaining unproved properties are expensed as incurred.
	Long-lived Assets
	Long-lived assets are reviewed whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  Recoverability of assets held and used is generally measured by a comparison of the carrying amount of an asset to undiscounted future net cash flows expected to be generated by the asset.  If it is determined that the carrying amount may not be recoverable, an impairment loss is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset.  Fair value is the estimated value at which the asset could be bought or sold in a transaction between willing parties.  We consider projected future undiscounted cash flows, trends, strategic decisions regarding future development plans, and other factors in our assessment of whether impairment conditions exist. While we believe our estimates of future cash flows are reasonable, different assumptions regarding factors such as the price of oil and natural gas, production volumes and costs, drilling activity, and economic conditions could significantly affect these estimates.
	We evaluate impairment of our oil and natural gas properties on a property-by-property basis and estimate the fair value based on discounted cash flows expected to be generated from the production of proved reserves.  During 2013, we recognized an impairment charge totaling $355,865 related to our non-operated interest in six wells in Jack County, Texas. Based on our year end reserve study we have recorded an impairment charge of $453,968 against our Newman and Coley wells in Jack County, TX to align our cost basis in these wells with their estimated net present value.
	Deposits Held in Trust
	We record a liability for funds held on behalf of outside investors in oil and natural gas exploration projects, which are to be paid to the project operator as capital expenditures are billed.  The liability is reduced as we make payments on behalf of those outside investors to the operator of the project.
	Asset Retirement Obligations
	We recognize liabilities for retirement obligations associated with tangible long-lived assets, such as producing well sites when there is a legal obligation associated with the retirement of such assets and the amount can be reasonably estimated. The initial measurement of an asset retirement obligation is recorded as a liability at its fair value, with an offsetting asset retirement cost recorded as an increase to the associated property and equipment on the consolidated balance sheet.  If the fair value of a recorded asset retirement obligation changes, a revision is recorded to both the asset retirement obligation and the asset retirement cost.  The asset retirement cost is depreciated using a systematic and rational method similar to that used for the associated property and equipment.
	The following table reflects the changes in ARO for the years ended December 31, 2014 and 2013:
		2014		2013
	Beginning of year	7,199		7,912
	Additional ARO from new properties	1,266,659		2,673
	Accretion expense	10,913		4,734
	Abandonment of properties	—		(8,120	)
	End of year	1,284,771		7,199
	Financial Instruments
	The carrying amount of cash and cash equivalents, accounts receivable, and accounts payable, and accrued expenses reported on the accompanying consolidated balance sheets approximates fair value due to their short-term nature.  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.
	Revenue Recognition
	Revenues from the sales of natural gas and crude oil are recorded when product delivery occurs and title and risk of loss pass to the customer, the price is fixed or determinable, and collection is reasonably assured. The Company uses the sales method of accounting for oil and natural gas revenues. Under this method, revenues are recognized based on the actual volumes of natural gas and oil sold to purchasers. The volume sold may differ from the volumes the Company may be entitled to, based on the Company's individual interest in the property. Periodically, imbalances between production and nomination volumes can occur for various reasons. In cases where imbalances have occurred, a production imbalance receivable or liability will be recorded when determined. If an imbalance exists at the time the wells’ reserves are depleted, settlements are made among the joint interest owners under a variety of arrangements.
	Revenues from land services are recorded when title work is completed and the customer has been invoiced for services provided. Revenues from the sale of interests in oil and natural gas properties are recorded once a formal agreement has been reached and the agreement has been consummated through the exchange of consideration.
	•Land services revenue - Land services revenues consist of fees generated from analyzing land and mineral title reports, leasehold title analysis and reports, land title runsheets, sourcing, negotiating and acquiring leases, document preparation and performing title curative functions. Such revenues had previously been reported as Other revenues on the consolidated statements of operations. Sable provides land services to its customers by identifying the landowners and performing various land services identified above. The buyer (Sable’s customer) pays the landowner directly for the undeveloped lease acreage. Sable does not take title to the leasehold acreage and the buyer’s purchase from the landowner is non-recourse. For its services, Sable receives fees directly from its customer for services provided for clearing title, etc., generally based on a per acre amount. There is no substantial performance obligation or a retained interest by Sable as we do not obtain an interest in the leasehold acreage (not a conveyance of interests).
	•Sale of oil and natural gas interests - As there is a very competitive market to purchase oil and natural gas lease interests, especially in newer oil and natural gas plays with increasing acreage costs, Sable may purchase undeveloped leasehold acreage from landowners and take title to the leasehold. However, holding the leasehold acreage is generally short term in nature (less than 90 days) as we only acquire the undeveloped property when an identified customer has already agreed to the 100% re-purchase of the leasehold acreage from Sable. Accordingly, we do not acquire the leasehold acreage on a speculative basis nor for our own development. There is no substantial performance obligation or retained interest by Sable as all land services have been performed and Sable sells 100% of the leasehold interest. The difference between the sale price and the amount (cost) paid for the lease by Sable is recognized as a gain on sale in accordance with GAAP. Such gains are not deemed to be incidental or peripheral transactions as providing land services and facilitating the purchase of oil and natural gas leasehold interest for its customers are transactions that are part of Sable’s principal ongoing operations, thus reported within the Company’s revenues.
	Selling, General and Administrative Expenses
	Selling, general and administrative expenses for the years ended December 31, 2014 and 2013 are summarized below :
		December 31,
		2014			2013
	Salary, wages, and benefits	$	1,588,589		$	1,205,352
	Legal, accounting, and professional fees	357,015			706,703
	Acquistion-related expenses	484,156			—
	Consulting fees	554,055			—
	Office expense	227,701			85,352
	Insurance	127,252			129,243
	Bad debt expense	—			549,818
	Other	50,679			267,596
		$	3,389,447		$	2,944,064
	Share Based Compensation
	We grant share-based awards to acquire goods and/or services, to members of our Board of Directors, and to selected employees.  All such awards are measured at fair value on the date of grant and are recognized as a component of general and administrative expenses in the accompanying consolidated statements of operations over the applicable requisite service periods.
	Income Taxes
	We are subject to current income taxes assessed by the federal government and various state jurisdictions in the United States.  In addition, we account for deferred income taxes related to these jurisdictions using the asset and liability method.  Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases.  Deferred tax assets are also recognized for the future tax benefits attributable to the expected utilization of existing tax net operating loss carryforwards and other types of carryforwards.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carryforwards are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date.
	We recognize the financial statement effects of tax positions when it is more likely than not, based on the technical merits, that the position will be sustained upon examination by a taxing authority.  Recognized tax positions are initially and subsequently measured as the largest amount of tax benefit that is more likely than not of being realized upon ultimate settlement with a taxing authority.  We have not taken a tax position that, if challenged, would have a material effect on the consolidated financial statements or the effective tax rate for the years ended December 31, 2014 and 2013.  There were no interest and penalties related to unrecognized tax positions for the years ended December 31, 2014 and 2013.  The tax years subject to examination by tax jurisdictions in the United States are 2011 to 2013.
	Deferred Financing Costs
	In connection with debt financing, the Company has issued warrants. The fair value of the warrants when the debt is originated is recorded to debt financing costs, and these costs are amortized to interest expense over the life of the debt instrument using the straight line method. Amortization of deferred financing costs for the year ended December 31, 2014 was $242,498, and none for the year ended December 31, 2013.
	Net Loss Per Common Share
	Basic net loss per common share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per common share is calculated in the same manner, but also considers the impact to net loss and common shares to reflect the potential dilution that could occur if dilutive share-based instruments were exercised. There is no dilution effect on loss per share due to the net loss for the period, however, the Company has the following potentially dilutive securities outstanding:
		December 31,
		2014		2013
	Warrants	10,971,190		4,748,690
	Stock Options	745,000		209,000
Restricted Stock	946,667		95,800
Convertible Debentures	3,900,000		—
Series A Convertible Preferred Stock	3,724,004		3,724,004
	20,286,861		8,777,494
Recently Issued Accounting Standards
In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). The guidance in this update supersedes the revenue recognition requirements in Topic 605, Revenue Recognition. Under the new guidance, an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments in ASU No, 2014-09 are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. We are currently evaluating the impact of adopting the guidance on our financial statements.
The FASB has issued Accounting Standards Update (“ASU”) No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The amendments in the ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance in U.S. GAAP. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization’s operations and financial results. Examples include a disposal of a major geographic area, a major line of business, or a major equity method investment. In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. The new guidance also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. This disclosure will provide users with information about the ongoing trends in a reporting organization’s results from continuing operations. The amendments in the ASU are effective in the first quarter of 2015 for public organizations with calendar year ends. Early adoption is permitted. We are currently evaluating the impact of adopting the guidance on our financial statements.

ACQUISITION

ACQUISITION	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
ACQUISITION	ACQUISITION
	On October 15, 2014, the Company completed the acquisition of 19,881 acres ("Panther Creek") held by production in the Fort Worth Basin at a purchase price of $9,500,000 from Upham Oil & Gas Co., L.P. of Mineral Wells, Texas. The acquisition was financed primarily by issuance of Secured Notes of $8,900,000; bearing interest at the rate of 13% per annum with a maturity in three years. In addition, each Secured Lender will receive (i) a pro rata share of 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. We recorded an accrued liability for the 33.33% working interest at October 31, 2014 of $3,166,666 reflecting the proportionate share of the acquisition value, which was reduced by a gain of $113,394 at year end to reflect the reduction of the liability due to a proportionate share of depletion on the property.
	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 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. We recorded a derivative liability related to these warrants, see Note 6 - "Derivative Liabilities" for more information.
	Transaction costs incurred with the Panther Creek acquisition included $401,033 in referral fees for the property acquisition and $420,500 in consulting fees to assist in structuring and closing the acquisition and financing. Revenues and earnings of the Panther Creek property since the acquisition are - Revenues $240,296 and direct operating costs $399,153.
	The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition:
	Oil and natural gas properties	$	10,766,659
	Total assets acquired	10,766,659
	Asset retirement obligations	1,266,659
	Total liabilities assumed	1,266,659
	Net assets acquired	$	9,500,000
	Pro forma results of operations
	The following table presents the unaudited pro forma results of operations for the years ended December 31, 2014 and 2013 as though the acquisition of Panther Creek had occurred at January 1, 2013:
		proforma
		2014
	Revenues	$	2,623,020
	Operating expenses	6,310,810
	Loss from operations	(3,687,790		)
	Net loss	$	(3,908,602	)
		proforma
		2013
	Revenues	$	2,710,609
	Operating expenses	5,374,849
	Loss from operations	(2,664,240		)
	Net loss	$	(2,641,722	)

ACCOUNTS_RECEIVABLE

ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2014
Receivables [Abstract]
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE
	Accounts receivable at December 31, 2014 and 2013 consist of the following:
		December 31,
		2014			2013
	Trade receivables	$	444,829		$	627,652
	Other	4,693			3,445
	Total accounts receivable	449,522			631,097
	Allowance for doubtful accounts	(331,689		)	(554,401		)
	Accounts receivable, net	$	117,833		$	76,696

OIL_AND_NATURAL_GAS_PROPERTIES

OIL AND NATURAL GAS PROPERTIES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
OIL AND NATURAL GAS PROPERTIES AND EQUIPMENT	PROPERTIES AND EQUIPMENT
	Oil and natural gas properties and equipment at December 31, 2014 and 2013 consists of the following:
		December 31,
		2014			2013
	Oil and natural gas properties	$	11,903,045		$	1,073,497
	Equipment	359,931			138,378
	Total oil and natural gas properties and equipment	12,262,976			1,211,875
	Accumulated depletion and depreciation	(597,816		)	(277,389		)
	Oil and natural gas properties and equipment, net	$	11,665,160		$	934,486
	Depletion, depreciation and accretion related to our properties and equipment was $459,981 and $100,207 for the years ended December 31, 2014 and 2013, respectively.

DERIVATIVE_LIABILITIES

DERIVATIVE LIABILITIES	12 Months Ended
	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE LIABILITIES	DERIVATIVE LIABILITIES
	At December 31, 2014 and 2013, we had one derivative 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 include 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; and, as a result, the fair value of the derivative is included as a derivative liability on the accompanying consolidated balance sheets.  At December 31, 2014 and 2013, the fair value of the warrants issued to the holders of the Series A Convertible Preferred Stock was $33,300 and $2,510, respectively. During the year ended December 31, 2014 we recorded a loss on the derivative of $30,790 to reflect the change in value.
	Beginning on October 14, 2014 we issued warrants to the holders of the Company’s 13% Secured Notes.  The agreement setting forth the terms of the warrants include 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 $0.50 per share.  Accordingly, we consider the warrants to be a derivative; and, as a result, the fair value of the derivative is included as a derivative liability on the accompanying consolidated balance sheets.  At December 31, 2014 the fair value of the warrants issued to the holders of the 13% Secured Notes was $583,825. The aggregate valuation of the warrants when issued was $1,078,888 so at year end we recognized a gain on the derivative of $495,063 to reflect the change in value.
	Significant unobservable inputs to the Monte Carlo simulation for valuing our derivative liabilities are:
	Interest Rate	(risk free)	1.08%
	Volatility	(annual)	129.20%
	Average time to expiry		1.79 years
	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 years ended December 31, 2014 and 2013.

DEBT

DEBT	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
DEBT	DEBT
	A summary of our outstanding debt obligations is presented as follows:
		December 31,
		2014			2013
	13% Secured Notes	$	9,650,000		$	—
	12% Convertible Debentures	1,950,000			—
	Francis Promissory Note (non-interest bearing)	225,000			300,000
	Strasburger Promissory Note (non-interest bearing)	105,642			178,333
	7.5% Secured Equipment Loans	130,465			—
	5.5% Insurance Financing	68,203			45,211
	7.5% Secured Equipment Loan	7,390			12,467
	Total debt	$	12,136,700		$	536,011
	Discount - 13% Secured Notes - warrants	(1,023,508		)	—
	Discount - 12% Convertible Debentures - warrants	(97,760		)	—
	Discount - Francis Note - interest	(42,835		)	(99,949		)
	Discount - Strasburger Note - interest	(8,682		)	(17,364		)
	Total debt net of discount	$	10,963,915		$	418,698
	Less: current maturities	(282,791		)	(289,891		)
	Total long-term debt	$	10,681,124		$	128,807
	Debt maturities as of December 31, 2014 are as follows:
	2015	$	729,345
	2016	3,887,200
	2017	7,467,001
	2018	28,312
	2019	24,842
		$	12,136,700
	13% Secured Notes
	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 $9,500,000 from Upham Oil & Gas Co., L.P. of Mineral Wells, Texas. The acquisition was financed primarily by issuance of Secured Notes of $8,900,000; bearing interest at the rate of 13% per annum with a maturity in three years. In addition, each Secured Lender will receive (i) a pro rata share of 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.
	Payment terms on the 13% Secured Notes are as follows: Interest only on each Note shall be due and payable quarterly in arrears commencing on January 15, 2015, and continuing on the fifteenth (15) day of each April, July, October, and January thereafter through April 15, 2016. Commencing on July 15, 2016, and continuing on the fifteenth (15) day of each October, January, April and July thereafter, principal and interest shall be due and payable quarterly based upon a fifteen (15) year amortization schedule. The unpaid principal balance, and all accrued and unpaid interest, shall be due and payable on the Maturity Date, October 15, 2017.
	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.
	As of December 31, 2014 we had raised $9,650,000 under the 13% Secured Notes offering including warrants to purchase up to 5,307,500 of the Company's common stock.
	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 December 31, 2014, we had raised $1,950,000 under the 12% Convertible Debenture offering including warrants to purchase up to 915,000 shares of the Company's common stock.
	Payment terms are as follows: The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture at the rate of 12% per annum, payable in arrears on the first business day of each month following the date of closing and on the maturity date. The debentures mature ranging from March 5, 2015 through December 30, 2017.
	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. The fair value of the warrants was calculated using the Black Sholes model, and were recorded as a discount to the Convertible Debentures to be amortized to deferred financing cost over the life of the debenture, and a corresponding credit to equity at the inception of the note.
	Francis Promissory Note
	In connection with the FDF acquisition, on November 23, 2010, we entered into a promissory note payable to a former interest holder of FDF (“Francis Promissory Note”) in the face amount of $750,000.  The Francis Promissory Note is an unsecured, non-interest bearing loan that requires quarterly payments of $37,500 and matures October 1, 2015.  For the years ended December 31, 2014 and 2013, we have recorded the Francis Promissory Note as a discounted debt of $182,165 and $200,051, respectively, using an imputed interest rate of 9%.
	Other Loans
	In November 2012, we entered into a ten-month promissory note with a third party to finance premiums related to certain insurance policies.  The promissory note bears an annual interest rate of 5.5% with principal and interest payments of $8,109 due monthly through maturity in August 2013. The note was paid in full in August 2013.
	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.  For the years ended December 31, 2014 and 2013, we have recorded the promissory note as a discounted debt of $96,960 and $160,969, respectively, using an imputed interest rate of 7.5%.
	In December 2013, we entered into a ten-month promissory note with a third party to finance premiums related to certain insurance policies.  The promissory note bears an annual interest rate of 5.74% with principal and interest payments of $5,689 due monthly through maturity in September 2014.
	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 in 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, such that including the interest payable under the loan, 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 their principal due under the agreement to the Company's private offering of three-year 12% convertible debentures and the secured promissory note was deemed paid in full. (See discussion regarding 12% convertible debentures below.)
	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 is 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. In March 2014, in consideration 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.
	We also have a secured equipment loan outstanding that requires a monthly principal and interest payment of $524.53 based on a fixed interest rate of 7.5% and matures in March of 2016, as well as secured equipment loans that require monthly principal and interest payments totaling $2,534.94 based on a fixed interest rate of 5% that mature in October of 2019.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES
	Leases
	The Company leases certain equipment and office space under non-cancelable operating leases which provide for minimum annual rentals.  Future minimum obligations under these lease agreements at December 31, 2014 are as follows:
	2015	150,296
	2016	136,682
	2017	60,378
	2018	2,140
	Thereafter	3,222
		$	352,718
	Total lease rental expense for the years ended December 31, 2014 and 2013 was $108,447 and $85,352 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.
	Environmental
	We are subject to extensive federal, state, and local environmental laws and regulations.  These laws, which are constantly changing, regulate the discharge of materials into the environment and may require us to remove or mitigate the environmental effects of the disposal or release of petroleum or chemical substances at various sites.  Environmental expenditures are expensed or capitalized depending on their future economic benefit.  Expenditures that relate to an existing condition caused by past operations and that have no future economic benefits are expensed.  Liabilities for expenditures of a non-capital nature are recorded when environmental assessment and/or remediation is probable, and the costs can be reasonably estimated.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 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 years ended December 31, 2014 and 2013, there were no conversions to shares of common stock related to the Company’s Series A Convertible Preferred Stock.
	Private Placements — Common 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.
	Other Common Stock Issuances
	For the years ended December 31, 2014 and 2013, we issued 302,404 and 76,987 shares, respectively, of our common stock to certain employees and individuals.  The fair value of the shares for the years ended December 31, 2014 and 2013 of approximately $221,765 and $61,106, respectively, was recorded as selling, general and administrative expense in the accompanying consolidated statements of operations.
	Restructuring of Series A Convertible Preferred Stock
	On August 31, 2012, Sable’s Amended and Restated Certificate of Designation in respect of the Series A Convertible Preferred Stock was approved by written consent of the holders of a majority of the total outstanding voting power of Sable’s voting securities (the “Restructuring”).  On September 12, 2012, we commenced mailing to all holders of the Company’s common stock and Series A Convertible Preferred Stock, a definitive information statement related to Sable’s Amended and Restated Certificate of Designation.   On October 2, 2012 (“Effective Date”), we filed the Amended and Restated Certificate of Designation with the Secretary of State of the State of Delaware.  The Amended and Restated Certificate of Designation amended the terms of our Series A Convertible Preferred Stock as follows:
	(i)	The 9% dividend payable with respect to the shares of Series A Convertible Preferred Stock ceased to accrue effective as of June 15, 2012 (the “Termination Date”) and, thereafter, no dividends will be payable with respect to such shares unless declared by the Company’s board of directors;
	(ii)	In exchange for all accrued and unpaid dividends as of the Termination Date, each holder of Series A Convertible Preferred Stock (a “Series A Holder”), as of the record date of July 24, 2012 (the “Record Date”), was issued shares of our common stock at a rate of one (1) share of our common stock for each $1.00 of accrued and unpaid dividends due such holder (collectively, the “Dividend Common Shares”). As a result, in October 2012 the Company issued an aggregate of approximately 768,090 Dividend Common Shares to the Series A Holders;
	(iii)	The original terms of the Series A Convertible Preferred Stock also provided for a liquidation preference of $1.50 per share which would have been payable on a liquidation event involving the Company. As part of the Restructuring and in consideration for reducing the liquidation preference to $1.00 per share and eliminating the right to declare a deemed liquidation event, in October 2012 the Company issued to the Series A Holders, as of the Record Date, shares of our common stock at a rate of 0.42735 shares for each share of Series A Preferred held by them, or an aggregate of approximately 2,463,214 common shares (the “Liquidation Adjustment Common Shares”);
	(iv)	As part of the Restructuring, in October 2012 we paid to the Series A Holders as of the Record Date, a restructuring fee in the amount of 0.0075% of the original $1.00 per share purchase price of the Series A Convertible Preferred Stock, with such fee totaling approximately $43,230; and
	(v)	At any time following the Effective Date of the Restructuring, the Company has the right to redeem any or all of the outstanding shares of Series A Convertible Preferred Stock at the original purchase price of $1.00 per share. Further, the Company is required to redeem outstanding shares of Series A Convertible Preferred Stock, from time-to-time, upon any release to the Company of any portion of the $6,250,361 currently being held in the post-closing escrow fund (reported as restricted cash on the accompanying consolidated balance sheet at December 31, 2012) in connection with the sale of FDF on May 4, 2012, which mandatory redemption would be made by the Company out of funds legally available therefor to the extent of 100% of the amount of funds released at that time. Each redemption would be applied pro rata among all Series A Holders.
	In October 2012, we issued the Dividend Common Shares and Liquidation Adjustment Common Shares to the Series A Holders, and along with the payment of the restructuring fee, were recognized as a charge to retained earnings as a dividend and a reduction to earnings available to common shareholders for the year ended December 31, 2012.  Accordingly, subsequent to the Effective Date, the Series A Convertible Preferred Stock is presented outside of permanent equity as mezzanine equity on the accompanying consolidated balance sheets.
	Redemption of Series A Convertible Preferred Stock
	On March 28, 2013, we provided notice to the holders of our Series A Convertible Preferred Stock of our election to redeem on May 1, 2013 (the "Redemption Date") an aggregate $1 million in principal amount of outstanding shares of the Series A Convertible Preferred Stock at a redemption price of $1.00 per share. Pursuant to the terms of the Amended and Restated Certificate of Designation, the Series A Convertible Preferred Stock was redeemed pro rata based on the number of shares held by each holder of record relative to the total number of Series A Convertible Preferred shares outstanding as of the Redemption Date. On May 1, 2013, we redeemed a total of 999,958 shares of Series A Convertible Preferred Stock.
	On November 15, 2013, we provided notice to the holders of our Series A Convertible Preferred Stock of our election to redeem on December 17, 2013 an additional $1,039,907 in aggregate principal amount of outstanding shares of the Series A Convertible Preferred Stock at a redemption price of $1.00 per share. On December 17, 2013, we redeemed a total of 1,039,907 shares of Series A Convertible Preferred Stock. There were no redemptions for the year ended December 31, 2014.
	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 outstanding common shares.  The repurchases were made from time-to-time on the open market at prevailing market prices.  The repurchase program continued over the next twelve months and has now been suspended.  The timing and amount of any repurchase will depend on economic and market conditions, the trading price and other factors and any purchases will be executed in compliance with applicable laws and regulations.  The plan does not obligate the Company to acquire any particular amount of common stock and can be implemented, suspended or discontinued at any time without prior notice at the Company’s sole discretion.  The share repurchase program will be funded with the Company’s available working capital.  During the year ended December 31, 2013, we repurchased a total of 1,450 shares of our common stock on the open market.  These shares were purchased at an average cost of $0.24 per share, for a total cost of $343. There were no shares repurchased during the year ended December 31, 2014.
	Warrants
	In connection with the private placement offering of 13% Secured Notes during the year ended December 31, 2014, we issued warrants to the holders to purchase up to 5,307,500 shares of common stock at an exercise price of $0.50 per share.  The warrants may be exercised for a period of two years from the date of grant. The 13% Secured Note warrants are considered a derivative liability, see Note 11 - "Fair Value Measurements". The 13% Secured Note warrants were fair valued using the Monte Carlo simulation at $0.19 each when issued and then revalued at December 31, 2014 at $0.11 each which generated a $495,063 gain on the change in the fair value of the derivative liability.
	Significant unobservable inputs to the Monte Carlo simulation for valuing the 13% Secured Note warrant derivative liabilities are:
	Interest Rate	(risk free)	1.08%
	Volatility	(annual)	129.20%
	Average time to expiry		1.79 years
	In connection with the private placement offering of 12% Convertible Debentures during the year ended December 31, 2014, we issued warrants to the holders to purchase up to 915,000 shares of common stock at a weighted average $0.52 exercise price of per share.  The warrants may be exercised for a weighted average period of 2.8 years from the date of grant. The 12% Convertible Debenture warrants are not considered to be a derivative liability as the exercise price is indexed to the Company's stock after August 20, 2014. The total fair value of the 12% Convertible Debenture warrants issued during the year ended December 31, 2014 was $106,219. The Black Scholes model was used to calculate fair value of the 12% Convertible Debenture warrants with the following range of inputs:
	Interest Rate	(risk free)	.72% - 1.12%
	Standard deviation	(annualized)	104.41% - 155.91%
	Periods to exercise		3 years
	In connection with the private placement offering of Series A Convertible Preferred Stock during the year ended December 31, 2011, we issued warrants to the holders to purchase up to 126,000 shares of common stock at an exercise price of $2.00 per share.  The warrants may be exercised for a period of three years from the date of grant.  There were no warrants issued or exercised during the years ended December 31, 2014 and 2013.
	In addition, during the year ended December 31, 2011, we issued warrants to purchase up to 16,800 shares of Series A Convertible Preferred Stock to the placement agent of the private placement offering of Series A Convertible Preferred Stock.  The warrants may be exercised for a period of three years from date of grant at an exercise price of $1.00 per share.
	For the years ended December 31, 2014 and 2013, we did not issue any shares of common stock related to the exercise of warrants granted in connection with the issuance of Series A Convertible Preferred Stock.  During the first quarter 2012, we extended the exercise dates on these warrants for an additional 24 months from the original effective date of the warrant.
	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 years ended December 31, 2014 and 2013 is as follows:
			For the Years Ended December
			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		6,222,500	0.5		—	—
	Exercised		—	—		—	—
	Forfeited or expired		—	—		—	—
	Outstanding at end of period		10,971,190	$	0.84	4,748,690	$	1.18

STOCK_BASED_COMPENSATION

STOCK BASED COMPENSATION	12 Months Ended
	Dec. 31, 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. At December 31, 2014 , 3.1 million shares of the 5.0 million shares of Sable common stock originally authorized for awards under the 2013 Equity Incentive Plan remained available for future issuance.
	During the year ended December 31, 2014 the Company granted nonqualified stock options to purchase an aggregate 625,000 shares of the Company’s common stock at $0.10 per share were awarded; 1/3 of these options vested immediately, the remainder vest ratably over a service period of two years. The Company also granted a total of 945,000 shares of restricted stock and such awards also vest over a three year period. The total grant date fair value of all of these awards was approximately $519,295.
	During the year ended December 31, 2013 the Company granted nonqualified stock options to purchase an aggregate 227,000 shares of the Company’s common stock at $0.42 per share; 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 year period. The total grant date fair value of all of these awards was approximately $101,000.
	Stock Options
	We utilize the Black-Scholes option pricing model to measure the fair value of stock options granted to employees and directors. For the year ended December 31, 2014 and 2013, we recognized $84,946 and $11,354, respectively, in stock-based compensation related to stock options. At December 31, 2014, the unrecognized compensation expense related to stock options which is expected to be recognized over a weighted average period of 1.73 years is approximately $129,176. The intrinsic value of outstanding and exercisable stock options a December 31, 2014 was $27,083.
	The following table summarizes our stock option activity for the years ended December 31, 2014 and 2013:
		Number of Shares		Weighted Average Exercise Price Per Share		Weighted Average Grant Date Fair Value Per Share		Weighted Average Remaining Contractual Term (Yrs)
	Outstanding, December 31, 2012	—		$	—	$	—	—
	Granted	227,000		$	0.42	$	0.19
	Exercised	—		$	—	$	—
	Canceled / Forfeited	(18,000	)	$	0.42	$	0.19
	Outstanding, December 31, 2013	209,000		$	0.42	$	0.19	9.2 years
	Granted	625,000		$	0.1	$	0.1
	Exercised	—		$	—	$	—
	Canceled / Forfeited	(89,000	)	$	0.42	$	0.19
	Outstanding, December 31, 2014	745,000		$	0.15	$	0.31	9.5 years
	Options exercisable at December 31, 2014	248,333		$	0.15	$	0.31	9.5 years
	The following table shows the weighted average assumptions used in the Black-Scholes-Merton calculation of the fair value of the stock option grants for the years ended December 31, 2014 and 2013:
		2014		2013
	Expected dividend yield	—	%	—	%
	Volatility	256.77	%	47.3	%
	Risk-free interest rate	1.77	%	1.3	%
	Expected life	6.0 years		6.0 years
	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. For the years ended December 31, 2014 and 2013, we recognized $106,467 and $56,194, respectively, of stock-based compensation expense related to restricted stock awards. At December 31, 2014, the unrecognized compensation expense related to restricted stock awards which is expected to be recognized over a weighted average period of 1.91 years is approximately $230,867.
	The following table summarizes our restricted stock activity for the years ended December 31, 2014 and 2013:
		Shares		Weighted Average Grant Date Fair Value Per Share
	Nonvested, December 31, 2012	116,666		$	0.48
	Granted	136,200		$	0.42
	Vested	(103,733	)	$	0.55
	Canceled / Forfeited	(53,333	)	$	0.26
	Nonvested, December 31, 2013	95,800		$	0.44
	Granted	1,145,000		$	0.29
	Vested	(243,333	)	$	0.34
	Canceled / Forfeited	(50,800	)	$	0.46
	Nonvested, December 31, 2014	946,667		$	0.28

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2014
Financial Instruments And Fair Value Measurements [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS
	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 6, we consider certain of our warrants 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 Company's stock over a one 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.  The realized earnings from our marketable securities portfolio include realized gains and losses, based upon specific identification, and dividend and interest income. During the fourth quarter of 2013, we sold all of our marketable securities for total gross proceeds of $494,625 resulting in a realized loss of $27,755 on sale of marketable securities as presented in our consolidated statement of operations for the year ended December 31, 2013.
	We review our marketable securities to determine whether a decline in fair value of a security below the cost basis is other than temporary. Should the decline be considered other than temporary, we write down the cost basis of the security and include the loss in current earnings as opposed to an unrealized holding loss. No losses for other than temporary impairments in our marketable securities portfolio were recognized during the years ended December 31, 2014 and 2013.
	Financial assets and liabilities measured at fair value on a recurring basis are summarized below:
			Carrying			Level 1		Level 2		Level 3
			Amount
	31-Dec-14
	Derivative liabilities		$	617,125		$	—	$	—	$	617,125
			Carrying			Level 1		Level 2		Level 3
			Amount
	31-Dec-13
	Derivative liabilities		$	2,510		$	—	$	—	$	2,510
	Balance, December 31, 2013		$	2,510
	Change in derivative liabilities		(464,273		)
	Issuance of warrant derivatives		1,078,888
	Balance, December 31, 2014		$	617,125
	Significant unobservable inputs to the Monte Carlo simulation for valuing our derivative liabilities are:
	Interest Rate	(risk free)	1.08%
	Volatility	(annual)	129.20%
	Average time to expiry		1.79 years

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES
	For the years ended December 31, 2014 and 2013, we had a loss before income taxes of $4,629,534 and $2,787,558, respectively.  The components of the income tax benefit (provision) are as follows:
		December 31,
		2014			2013
	Current:
	Federal	$	—		$	175,758
	State	—			(64,829		)
		—			110,929
	Deferred:
	Federal	—			—
	State	—			—
		—			—
	Income tax provision	$	—		$	110,929
	At December 31, 2014, we have accumulated net operating losses totaling $20,169,384.  The net operating loss carryforwards will begin to expire in 2028 if not utilized.  Based upon all available objective evidence, including the Company’s loss history, management believes it is more likely than not that the net deferred assets related to our net operating losses will not be fully realized.  Accordingly, we have provided a valuation allowance against those deferred tax assets at December 31, 2014 and 2013.
	Total income taxes differed from the amounts computed by applying the statutory income tax rate to income (loss) from continuing operations before income taxes.  The sources of these differences are as follows:
		December 31,
		2014			2013
	Expected income tax (benefit) expense based on U.S. statutory rate	$	(1,620,337	)	$	(975,645	)
	State income taxes (net of federal income tax benefit)	—			(64,829		)
	Permanent differences	(101,871		)	(3,426		)
	Other	—			3,360,373
	Valuation allowance	1,722,208			(2,205,544		)
	Income tax benefit	$	—		$	110,929
	The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and liabilities are presented below:
		December 31,
		2014			2013
	Deferred tax assets:
	Net operating loss carryforwards	$	6,963,869		$	5,225,412
	Impairment of oil & natural gas properties	161,739			176,169
	Bad debt allowance	151,692			194,040
	Stock based compensation	19,798			—
	Other	111,879			33,148
	Capital loss carryforward	4,028,768			3,983,279
	Valuation allowance on deferred tax assets	(11,199,275		)	(9,477,067		)
	Total deferred tax assets	238,470			134,981
	Deferred tax liabilities:
	Unrealized gain or loss	(98,450		)	—
	Property, plant, and equipment	(79,062		)	(115,010		)
	Accrued working interest liability	(37,280		)	—
	Other	(23,678		)	(19,971		)
	Total deferred tax liabilities	(238,470		)	(134,981		)
	Net deferred tax liability	$	—		$	—
	Deferred tax assets and liabilities included in the consolidated balance sheets are as follows:
		December 31,
		2014			2013
	Current deferred tax asset, net	$	—		$	—
	Non-current deferred tax liability, net	—			—
		$	—		$	—
	We are subject to income taxes in the U.S. federal jurisdiction and various states jurisdictions.  Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply.  With few exceptions, we are no longer subject to U.S. federal, state and/or local income tax examinations by authorities for the tax years before 2011.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS
	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 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.
	On August 27, 2014 the Company received a loan from Mr. Hall in the amount of $500,000 to secure an extension on the closing date for the acquisition of the Panther Creek property. The loan will be due when the Company closes the financing of the acquisition and is at zero interest. At December 31, 2014 the balance due on the loan was $480,000.

SUPPLEMENTAL_CASH_FLOW_INFORMA

SUPPLEMENTAL CASH FLOW INFORMATION	12 Months Ended
	Dec. 31, 2014
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION
	Supplemental cash flow information is summarized below:
		Years Ended December 31,
		2014		2013
	Supplemental disclosures:
	Total cash paid for interest	$	167,920	$	6,040
	Total cash paid for taxes	$	22,677	$	70,000
	Supplemental non-cash financing activities:
	Deferred financing 33.33% WI accrual	$	3,166,666	$	—
	Deferred financing 3.0% ORRI accrual	$	285,000	$	—
	Debt discount 13% Secured Note warrants	$	1,078,888	$	—
	Debt discount 12% Convertible Debenture warrants	$	106,224	$	—

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS
	On January 22, 2015 the Company extended the expiration of 2,977,951 outstanding Founder's Warrants for an additional three years so that all will expire if not exercised on February 1, 2018.
	As of March 20, 2015 the Company has issued an additional $1,675,000 in 13% Secured Notes under the same terms as described in Note 7 - Debt.

SUPPLEMENTAL_DISCLOSURE_OF_OIL

SUPPLEMENTAL DISCLOSURE OF OIL & GAS OPERATIONS (Unaudited)	12 Months Ended
	Dec. 31, 2014
Extractive Industries [Abstract]
SUPPLEMENTAL DISCLOSURE OF OIL & GAS OPERATIONS (Unaudited)	SUPPLEMENTAL DISCLOSURE OF OIL & GAS OPERATIONS (Unaudited)
	The following tables set forth supplementary disclosures for oil and producing activities in accordance with FASB ASC Topic 932, Extractive Activities — Oil and Gas.
	Capitalized Costs Relating to Oil and Gas Producing Activities
			2014			2013
	Unproved oil and natural gas properties		440,557			388,937
	Proved oil and gas properties (including asset retirement costs)		11,462,488			684,546
	Less Accumulated DD&A		(452,120	)		(156,502	)
	Net capitalized costs		11,450,925			916,981
	Costs Incurred
	A summary of costs incurred in oil and natural gas property acquisition, development, and exploration activities (both capitalized and charged to expense) for the years ended December 31, 2014 and 2013, is as follows.
		2014				2013
	Acquisition of proved properties	$	9,500,000			$	—
	Acquisition of unproved properties	$	118,244			$	970,336
	Development costs	$	1,256,941			$	768,117
	Exploration costs	$	112,763			$	—
	Results of Operations for Producing Activities
	The following table presents the results of operations for our oil and natural gas producing activities for the years ended December 31, 2014 and 2013.
		2014				2013
	Revenues	662,290				$	219,160
	less:
	Production costs	770,312				86,740
	Exploration expenses	112,763				—
	Depreciation, depletion and valuation provisions	435,158				27,875
		(655,943		)		104,545
	less:
	Income tax expenses	—				64,829
	Results of operations from producing activities	$	(655,943	)		$	39,716
	Reserve Quantity Information
	Proved reserves are the estimated quantities that geologic and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. Proved developed reserves are the quantities expected to be recovered through existing wells with existing equipment and operating methods. Due to the inherent uncertainties and the limited nature of reservoir data, such estimates are subject to change as additional information becomes available. The reserves actually recovered and the timing of production of these reserves may be substantially different from the original estimate. Revisions result primarily from new information obtained from development drilling and production history, and changes in economic factors. Oil reserves, which include condensate and natural gas liquids, are stated in barrels and natural gas reserves are stated in thousands of cubic feet.
	We maintain internal controls designed to provide reasonable assurance that the estimates of proved reserves are computed and reported in accordance with the rules and regulations provided by the SEC. Numerous uncertainties exist in estimating quantities of proved reserves.
	Chris Coley, our Vice President - Engineering & Production, is the person within the Company who is primarily responsible for overseeing the preparation of the reserve estimates.  Mr. Coley joined the Company in 2014 with nine years of relevant operations, reservoir, completions and production engineering experience. Mr. Coley holds a Bachelor of Science degree in Petroleum Engineering from Texas Tech University.
	Crest Engineering Services, Inc. is an independent petroleum engineering consulting firm registered in the State of Texas, and W. Waterson Calhoun, President, Reservoir Engineer is the technical person primarily responsible for evaluating the proved reserves covered by its report.  Mr. Calhoun has 25 years experience in evaluating oil and gas reserves.  Mr. Calhoun holds a Bachelor of Science degree in Petroleum Engineering from the University of Texas at Austin.  He is a Registered Professional Engineer in the State of Texas and is a member of the Society of Petroleum Engineers and the Society of Petroleum Evaluation Engineers.
			Oil			NGL		Natural Gas
			(Bbls)			(Gallons)		(Mcf)
	Changes in proved developed and undeveloped reserves:
	Balance at January 1, 2013		—			—		—
	Extensions and discoveries		8,560					205,380
	Production		(1,060	)				(16,847	)
	Revisions of prior estimates		—			—		—
	Purchase of minerals in place		—			—		—
	Balance at December 31, 2013		7,500			—		188,533
	Extensions and discoveries		—			—		—
	Production		(3,593	)		(182,584	)	(46,189	)
	Revisions of prior estimates		9,303			(134,406	)	151,186
	Purchase of minerals in place		87,840			11,060,420		1,580,060
	Balance at December 31, 2014		101,050			10,743,430		1,873,590
	Standardized Measure of Discounted Future Net Cash Flows and Changes Therein Relating to Proved Oil and Gas Reserves
	The following table, which presents a standardized measure of discounted future net cash flows (“standardized measure”) and changes in such cash flows, is presented pursuant to ASC 932. In computing this data, assumptions other than those required by the FASB could produce different results. Accordingly, the standardized measure should not be construed as being representative of management's estimate of the Company’s future cash flows or the value of the Company’s proved oil and natural gas reserves. Probable and possible reserves, which may become proved in the future, are excluded from the calculations. Furthermore, prices used to determine the standardized measure of discounted cash flows are influenced by seasonal demand and other factors and may not be the most representative in estimating future revenues or reserve data.
	Our reserve calculations and future cash inflows as of December 31, 2014 and 2013 have been prepared and presented under SEC rules. These rules are effective for fiscal years ending on or after December 31, 2009, and require SEC reporting companies to prepare their reserves estimates using revised reserve definitions and revised pricing based on a 12-month unweighted average of the first-day-of-the-month pricing. The previous rules required that reserve estimates be calculated using last-day-of-the-period pricing. The average prices used for 2014 and 2013 under these new rules were $93.26 and $96.60 per Bbl for oil and $4.39 and $3.68 per Mcf for natural gas, respectively, each as adjusted for location, grade and quality. Future price changes were considered only to the extent provided by contractual arrangements in existence at year-end.  Future development and production costs were computed by estimating the expenditures to be incurred in developing and producing the proved oil and natural gas reserves at the end of the year, based on year-end costs.  Future income tax expenses were computed by applying the year-end statutory tax rate to the future pre-tax net cash flows relating to our proved oil and natural gas reserves.
	The standardized measure of our proved oil and natural gas reserves at December 31, 2014 and 2013, which represents the present value of estimated future cash flows using a discount rate of 10% a year, is as follows:
		2014			2013
	Future cash inflow	$	23,407,590		$	1,418,346
	Future production and development costs	(11,446,750		)	(356,096		)
	Future income taxes	(4,186,294		)	(371,787		)
	Future net cash flows	7,774,546			690,463
	10% annual discount for estimated timing of cash flows	(3,265,309		)	(289,605		)
	Standardized measure of discounted net cash flows	$	4,509,237		$	400,858
	Changes in the standardized measure of our proved oil and natural gas reserves for the years ended December 31, 2014 and 2013, were as follows:
		2014			2013
	Beginning of year	$	400,858		$	—
	Revisions of quantity estimates	(714,781		)	—
	Net change in prices and production costs	(24,970		)	400,858
	Purchases of minerals in place	4,848,130			—
	End of year	$	4,509,237		$	400,858

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation
	The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States. The consolidated financial statements include the accounts of Sable and entities in which it holds a controlling interest. All intercompany transactions have been eliminated.  Certain prior-period amounts have been reclassified to conform to the current-year presentation.
Use of Estimates	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods.  On an ongoing basis, we review these estimates based on information that is currently available.  Changes in facts and circumstances may cause us to revise our estimates.  The most significant estimates relate to revenue recognition, depreciation, depletion and amortization, the assessment of impairment of long-lived assets and oil and natural gas properties, income taxes, and fair value.  Actual results could differ from estimates under different assumptions and conditions, and such results may affect operations, financial position, or cash flows.
Cash and Cash Equivalents	Cash and Cash Equivalents
	We consider all demand deposits, money market accounts, and highly liquid investments with original maturities of three months or less to be cash equivalents.  The carrying amount of cash and cash equivalents reported on the consolidated balance sheet approximates fair value.  We maintain funds in bank accounts which, from time to time, exceed federally insured limits.
Accounts Receivable	Accounts Receivable
	We provide credit in the normal course of business to our customers and perform ongoing credit evaluations of those customers.  We maintain an allowance for doubtful accounts based on factors surrounding the credit risk of specific customers, historical trends, and other information.   A portion of our receivables are from the operators of producing wells in which we maintain ownership interests.  These operators market our share of crude oil and natural gas production.  The ability to collect is dependent upon the general economic conditions of the purchasers/participants and the oil and gas industry.
Marketable Securities	Marketable Securities
	We determine the appropriate classification of our investments in marketable securities at the time of acquisition and reevaluate such determinations at each balance sheet date.  Marketable securities are classified as held to maturity when we have the positive intent and ability to hold securities to maturity. Marketable securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and are reported at fair value, with the unrealized gains and losses recognized in earnings.  Marketable securities not classified as held to maturity or as trading, are classified as available for sale, and are carried at fair market value, with the unrealized gains and losses, net of tax, included in the determination of comprehensive income (loss) and reported in shareholders’ equity.  We have classified all of our marketable securities as available for sale.  The fair value of substantially all securities is determined by quoted market prices. The estimated fair value of securities for which there are no quoted market prices is based on similar types of securities that are traded in the market.
	We review our marketable securities on a regular basis to determine if any security has experienced an other-than-temporary decline in fair value.  We consider several factors including the length of the time and the extent to which the fair value has been below cost, the financial condition and near-term prospects of the affiliated entity, and other factors, in our review.  If we determine that an other-than-temporary decline exists in a marketable security, we write down the investment to its market value and record the related write-down as an investment loss in our Consolidated Statement of Operations.
Property and equipment	Property and equipment
	Property and equipment are recorded at cost less accumulated depletion, depreciation, and accretion (“DD&A”).  Costs of improvements that appreciably improve the efficiency or productive capacity of existing properties or extend their lives are capitalized.  Maintenance and repairs are expensed as incurred. Upon retirement or sale, the cost of properties and equipment, net of the related accumulated DD&A, is removed and, if appropriate, gain or loss is recognized in the respective period’s consolidated statement of operations.
	For our oil and natural gas properties, we follow the successful efforts method of accounting for oil and natural gas exploration and development costs.  Under this method of accounting, all property acquisition costs and costs of exploratory wells are capitalized when incurred, pending determination of whether additional proved reserves are found.  If an exploratory well does not find additional reserves, the costs of drilling the well are charged to expense.  The costs of development wells, whether productive or nonproductive, are capitalized.  Geological and geophysical costs on exploratory prospects and the costs of carrying and retaining unproved properties are expensed as incurred.
Long-lived Assets	Long-lived Assets
	Long-lived assets are reviewed whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  Recoverability of assets held and used is generally measured by a comparison of the carrying amount of an asset to undiscounted future net cash flows expected to be generated by the asset.  If it is determined that the carrying amount may not be recoverable, an impairment loss is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset.  Fair value is the estimated value at which the asset could be bought or sold in a transaction between willing parties.  We consider projected future undiscounted cash flows, trends, strategic decisions regarding future development plans, and other factors in our assessment of whether impairment conditions exist. While we believe our estimates of future cash flows are reasonable, different assumptions regarding factors such as the price of oil and natural gas, production volumes and costs, drilling activity, and economic conditions could significantly affect these estimates.
	We evaluate impairment of our oil and natural gas properties on a property-by-property basis and estimate the fair value based on discounted cash flows expected to be generated from the production of proved reserves.
Deposits Held in Trust	Deposits Held in Trust
	We record a liability for funds held on behalf of outside investors in oil and natural gas exploration projects, which are to be paid to the project operator as capital expenditures are billed.  The liability is reduced as we make payments on behalf of those outside investors to the operator of the project.
Asset Retirement Obligations	Asset Retirement Obligations
	We recognize liabilities for retirement obligations associated with tangible long-lived assets, such as producing well sites when there is a legal obligation associated with the retirement of such assets and the amount can be reasonably estimated. The initial measurement of an asset retirement obligation is recorded as a liability at its fair value, with an offsetting asset retirement cost recorded as an increase to the associated property and equipment on the consolidated balance sheet.  If the fair value of a recorded asset retirement obligation changes, a revision is recorded to both the asset retirement obligation and the asset retirement cost.  The asset retirement cost is depreciated using a systematic and rational method similar to that used for the associated property and equipment.
Financial Instruments	Financial Instruments
	The carrying amount of cash and cash equivalents, accounts receivable, and accounts payable, and accrued expenses reported on the accompanying consolidated balance sheets approximates fair value due to their short-term nature.  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.
Revenue Recognition	Revenue Recognition
	Revenues from the sales of natural gas and crude oil are recorded when product delivery occurs and title and risk of loss pass to the customer, the price is fixed or determinable, and collection is reasonably assured. The Company uses the sales method of accounting for oil and natural gas revenues. Under this method, revenues are recognized based on the actual volumes of natural gas and oil sold to purchasers. The volume sold may differ from the volumes the Company may be entitled to, based on the Company's individual interest in the property. Periodically, imbalances between production and nomination volumes can occur for various reasons. In cases where imbalances have occurred, a production imbalance receivable or liability will be recorded when determined. If an imbalance exists at the time the wells’ reserves are depleted, settlements are made among the joint interest owners under a variety of arrangements.
	Revenues from land services are recorded when title work is completed and the customer has been invoiced for services provided. Revenues from the sale of interests in oil and natural gas properties are recorded once a formal agreement has been reached and the agreement has been consummated through the exchange of consideration.
	•Land services revenue - Land services revenues consist of fees generated from analyzing land and mineral title reports, leasehold title analysis and reports, land title runsheets, sourcing, negotiating and acquiring leases, document preparation and performing title curative functions. Such revenues had previously been reported as Other revenues on the consolidated statements of operations. Sable provides land services to its customers by identifying the landowners and performing various land services identified above. The buyer (Sable’s customer) pays the landowner directly for the undeveloped lease acreage. Sable does not take title to the leasehold acreage and the buyer’s purchase from the landowner is non-recourse. For its services, Sable receives fees directly from its customer for services provided for clearing title, etc., generally based on a per acre amount. There is no substantial performance obligation or a retained interest by Sable as we do not obtain an interest in the leasehold acreage (not a conveyance of interests).
	•Sale of oil and natural gas interests - As there is a very competitive market to purchase oil and natural gas lease interests, especially in newer oil and natural gas plays with increasing acreage costs, Sable may purchase undeveloped leasehold acreage from landowners and take title to the leasehold. However, holding the leasehold acreage is generally short term in nature (less than 90 days) as we only acquire the undeveloped property when an identified customer has already agreed to the 100% re-purchase of the leasehold acreage from Sable. Accordingly, we do not acquire the leasehold acreage on a speculative basis nor for our own development. There is no substantial performance obligation or retained interest by Sable as all land services have been performed and Sable sells 100% of the leasehold interest. The difference between the sale price and the amount (cost) paid for the lease by Sable is recognized as a gain on sale in accordance with GAAP. Such gains are not deemed to be incidental or peripheral transactions as providing land services and facilitating the purchase of oil and natural gas leasehold interest for its customers are transactions that are part of Sable’s principal ongoing operations, thus reported within the Company’s revenues.
Share Based Compensation	Share Based Compensation
	We grant share-based awards to acquire goods and/or services, to members of our Board of Directors, and to selected employees.  All such awards are measured at fair value on the date of grant and are recognized as a component of general and administrative expenses in the accompanying consolidated statements of operations over the applicable requisite service periods.
Income Taxes	Income Taxes
	We are subject to current income taxes assessed by the federal government and various state jurisdictions in the United States.  In addition, we account for deferred income taxes related to these jurisdictions using the asset and liability method.  Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases.  Deferred tax assets are also recognized for the future tax benefits attributable to the expected utilization of existing tax net operating loss carryforwards and other types of carryforwards.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carryforwards are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date.
	We recognize the financial statement effects of tax positions when it is more likely than not, based on the technical merits, that the position will be sustained upon examination by a taxing authority.  Recognized tax positions are initially and subsequently measured as the largest amount of tax benefit that is more likely than not of being realized upon ultimate settlement with a taxing authority.  We have not taken a tax position that, if challenged, would have a material effect on the consolidated financial statements or the effective tax rate for the years ended December 31, 2014 and 2013.  There were no interest and penalties related to unrecognized tax positions for the years ended December 31, 2014 and 2013.  The tax years subject to examination by tax jurisdictions in the United States are 2011 to 2013.
Deferred Financing Costs	Deferred Financing Costs
	In connection with debt financing, the Company has issued warrants. The fair value of the warrants when the debt is originated is recorded to debt financing costs, and these costs are amortized to interest expense over the life of the debt instrument using the straight line method.
Net Loss Per Common Share	Net Loss Per Common Share
	Basic net loss per common share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per common share is calculated in the same manner, but also considers the impact to net loss and common shares to reflect the potential dilution that could occur if dilutive share-based instruments were exercised.
Recently Issued Accounting Standards	Recently Issued Accounting Standards
	In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). The guidance in this update supersedes the revenue recognition requirements in Topic 605, Revenue Recognition. Under the new guidance, an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments in ASU No, 2014-09 are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. We are currently evaluating the impact of adopting the guidance on our financial statements.
	The FASB has issued Accounting Standards Update (“ASU”) No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The amendments in the ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance in U.S. GAAP. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization’s operations and financial results. Examples include a disposal of a major geographic area, a major line of business, or a major equity method investment. In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. The new guidance also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. This disclosure will provide users with information about the ongoing trends in a reporting organization’s results from continuing operations. The amendments in the ASU are effective in the first quarter of 2015 for public organizations with calendar year ends. Early adoption is permitted. We are currently evaluating the impact of adopting the guidance on our financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Schedule of change in asset retirement obligation	The following table reflects the changes in ARO for the years ended December 31, 2014 and 2013:
		2014		2013
	Beginning of year	7,199		7,912
	Additional ARO from new properties	1,266,659		2,673
	Accretion expense	10,913		4,734
	Abandonment of properties	—		(8,120	)
	End of year	1,284,771		7,199
Summary of general and administrative expenses	Selling, general and administrative expenses for the years ended December 31, 2014 and 2013 are summarized below :
		December 31,
		2014			2013
	Salary, wages, and benefits	$	1,588,589		$	1,205,352
	Legal, accounting, and professional fees	357,015			706,703
	Acquistion-related expenses	484,156			—
	Consulting fees	554,055			—
	Office expense	227,701			85,352
	Insurance	127,252			129,243
	Bad debt expense	—			549,818
	Other	50,679			267,596
		$	3,389,447		$	2,944,064
Schedule of potentially dilutive securities	There is no dilution effect on loss per share due to the net loss for the period, however, the Company has the following potentially dilutive securities outstanding:
		December 31,
		2014		2013
	Warrants	10,971,190		4,748,690
	Stock Options	745,000		209,000
	Restricted Stock	946,667		95,800
	Convertible Debentures	3,900,000		—
	Series A Convertible Preferred Stock	3,724,004		3,724,004
		20,286,861		8,777,494

ACQUISITION_ACQUISITION_Tables

ACQUISITION ACQUISITION (Tables)	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Summary of the Estimated Fair Value of the Assets Acquired and Liabilities Assumed	The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition:
	Oil and natural gas properties	$	10,766,659
	Total assets acquired	10,766,659
	Asset retirement obligations	1,266,659
	Total liabilities assumed	1,266,659
	Net assets acquired	$	9,500,000
Pro Forma Information	The following table presents the unaudited pro forma results of operations for the years ended December 31, 2014 and 2013 as though the acquisition of Panther Creek had occurred at January 1, 2013:
		proforma
		2014
	Revenues	$	2,623,020
	Operating expenses	6,310,810
	Loss from operations	(3,687,790		)
	Net loss	$	(3,908,602	)
		proforma
		2013
	Revenues	$	2,710,609
	Operating expenses	5,374,849
	Loss from operations	(2,664,240		)
	Net loss	$	(2,641,722	)

ACCOUNTS_RECEIVABLE_Tables

ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2014
Receivables [Abstract]
Schedule of accounts receivable	Accounts receivable at December 31, 2014 and 2013 consist of the following:
		December 31,
		2014			2013
	Trade receivables	$	444,829		$	627,652
	Other	4,693			3,445
	Total accounts receivable	449,522			631,097
	Allowance for doubtful accounts	(331,689		)	(554,401		)
	Accounts receivable, net	$	117,833		$	76,696

OIL_AND_NATURAL_GAS_PROPERTIES1

OIL AND NATURAL GAS PROPERTIES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	and equipment at December 31, 2014 and 2013 consists of the following:
		December 31,
		2014			2013
	Oil and natural gas properties	$	11,903,045		$	1,073,497
	Equipment	359,931			138,378
	Total oil and natural gas properties and equipment	12,262,976			1,211,875
	Accumulated depletion and depreciation	(597,816		)	(277,389		)
	Oil and natural gas properties and equipment, net	$	11,665,160		$	934,486

DERIVATIVE_LIABILITIES_DERIVAT

DERIVATIVE LIABILITIES DERIVATIVE LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Significant Unobservable Inputs for Derivative Liability Valuation	Significant unobservable inputs to the Monte Carlo simulation for valuing our derivative liabilities are:
	Interest Rate	(risk free)	1.08%
	Volatility	(annual)	129.20%
	Average time to expiry		1.79 years
	Significant unobservable inputs to the Monte Carlo simulation for valuing our derivative liabilities are:
	Interest Rate	(risk free)	1.08%
	Volatility	(annual)	129.20%
	Average time to expiry		1.79 years

DEBT_Tables

DEBT (Tables)	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Summary of the entity's outstanding debt obligations	A summary of our outstanding debt obligations is presented as follows:
		December 31,
		2014			2013
	13% Secured Notes	$	9,650,000		$	—
	12% Convertible Debentures	1,950,000			—
	Francis Promissory Note (non-interest bearing)	225,000			300,000
	Strasburger Promissory Note (non-interest bearing)	105,642			178,333
	7.5% Secured Equipment Loans	130,465			—
	5.5% Insurance Financing	68,203			45,211
	7.5% Secured Equipment Loan	7,390			12,467
	Total debt	$	12,136,700		$	536,011
	Discount - 13% Secured Notes - warrants	(1,023,508		)	—
	Discount - 12% Convertible Debentures - warrants	(97,760		)	—
	Discount - Francis Note - interest	(42,835		)	(99,949		)
	Discount - Strasburger Note - interest	(8,682		)	(17,364		)
	Total debt net of discount	$	10,963,915		$	418,698
	Less: current maturities	(282,791		)	(289,891		)
	Total long-term debt	$	10,681,124		$	128,807
Schedule of debt maturities, excluding discounts	Debt maturities as of December 31, 2014 are as follows:
	2015	$	729,345
	2016	3,887,200
	2017	7,467,001
	2018	28,312
	2019	24,842
		$	12,136,700

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum rental payments for operating leases	Future minimum obligations under these lease agreements at December 31, 2014 are as follows:
	2015	150,296
	2016	136,682
	2017	60,378
	2018	2,140
	Thereafter	3,222
		$	352,718

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Fair value assumptions	Significant unobservable inputs to the Monte Carlo simulation for valuing the 13% Secured Note warrant derivative liabilities are:
	Interest Rate	(risk free)	1.08%
	Volatility	(annual)	129.20%
	Average time to expiry		1.79 years
	The Black Scholes model was used to calculate fair value of the 12% Convertible Debenture warrants with the following range of inputs:
	Interest Rate	(risk free)	.72% - 1.12%
	Standard deviation	(annualized)	104.41% - 155.91%
	Periods to exercise		3 years
Summary of warrant activity	A summary of warrant activity for the years ended December 31, 2014 and 2013 is as follows:
			For the Years Ended December
			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		6,222,500	0.5		—	—
	Exercised		—	—		—	—
	Forfeited or expired		—	—		—	—
	Outstanding at end of period		10,971,190	$	0.84	4,748,690	$	1.18

STOCK_BASED_COMPENSATION_Table

STOCK BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2014 and 2013:
		Number of Shares		Weighted Average Exercise Price Per Share		Weighted Average Grant Date Fair Value Per Share		Weighted Average Remaining Contractual Term (Yrs)
	Outstanding, December 31, 2012	—		$	—	$	—	—
	Granted	227,000		$	0.42	$	0.19
	Exercised	—		$	—	$	—
	Canceled / Forfeited	(18,000	)	$	0.42	$	0.19
	Outstanding, December 31, 2013	209,000		$	0.42	$	0.19	9.2 years
	Granted	625,000		$	0.1	$	0.1
	Exercised	—		$	—	$	—
	Canceled / Forfeited	(89,000	)	$	0.42	$	0.19
	Outstanding, December 31, 2014	745,000		$	0.15	$	0.31	9.5 years
	Options exercisable at December 31, 2014	248,333		$	0.15	$	0.31	9.5 years
Weighted average assumptions	The following table shows the weighted average assumptions used in the Black-Scholes-Merton calculation of the fair value of the stock option grants for the years ended December 31, 2014 and 2013:
		2014		2013
	Expected dividend yield	—	%	—	%
	Volatility	256.77	%	47.3	%
	Risk-free interest rate	1.77	%	1.3	%
	Expected life	6.0 years		6.0 years
Summary of restricted stock activity	The following table summarizes our restricted stock activity for the years ended December 31, 2014 and 2013:
		Shares		Weighted Average Grant Date Fair Value Per Share
	Nonvested, December 31, 2012	116,666		$	0.48
	Granted	136,200		$	0.42
	Vested	(103,733	)	$	0.55
	Canceled / Forfeited	(53,333	)	$	0.26
	Nonvested, December 31, 2013	95,800		$	0.44
	Granted	1,145,000		$	0.29
	Vested	(243,333	)	$	0.34
	Canceled / Forfeited	(50,800	)	$	0.46
	Nonvested, December 31, 2014	946,667		$	0.28

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2014
Financial Instruments And Fair Value Measurements [Abstract]
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:
			Carrying			Level 1		Level 2		Level 3
			Amount
	31-Dec-14
	Derivative liabilities		$	617,125		$	—	$	—	$	617,125
			Carrying			Level 1		Level 2		Level 3
			Amount
	31-Dec-13
	Derivative liabilities		$	2,510		$	—	$	—	$	2,510
Summary of the changes in Level 3 fair value measurements
	Balance, December 31, 2013		$	2,510
	Change in derivative liabilities		(464,273		)
	Issuance of warrant derivatives		1,078,888
	Balance, December 31, 2014		$	617,125
Significant Unobservable Inputs for Derivative Liability Valuation	Significant unobservable inputs to the Monte Carlo simulation for valuing our derivative liabilities are:
	Interest Rate	(risk free)	1.08%
	Volatility	(annual)	129.20%
	Average time to expiry		1.79 years
	Significant unobservable inputs to the Monte Carlo simulation for valuing our derivative liabilities are:
	Interest Rate	(risk free)	1.08%
	Volatility	(annual)	129.20%
	Average time to expiry		1.79 years

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Schedule of the components of the income tax benefit (provision) from continuing operations	The components of the income tax benefit (provision) are as follows:
		December 31,
		2014			2013
	Current:
	Federal	$	—		$	175,758
	State	—			(64,829		)
		—			110,929
	Deferred:
	Federal	—			—
	State	—			—
		—			—
	Income tax provision	$	—		$	110,929
Schedule of the sources of the differences between amounts computed by applying the statutory income tax rate to income (loss) from continuing operations before income taxes	Total income taxes differed from the amounts computed by applying the statutory income tax rate to income (loss) from continuing operations before income taxes.  The sources of these differences are as follows:
		December 31,
		2014			2013
	Expected income tax (benefit) expense based on U.S. statutory rate	$	(1,620,337	)	$	(975,645	)
	State income taxes (net of federal income tax benefit)	—			(64,829		)
	Permanent differences	(101,871		)	(3,426		)
	Other	—			3,360,373
	Valuation allowance	1,722,208			(2,205,544		)
	Income tax benefit	$	—		$	110,929
Schedule of the tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and liabilities	The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and liabilities are presented below:
		December 31,
		2014			2013
	Deferred tax assets:
	Net operating loss carryforwards	$	6,963,869		$	5,225,412
	Impairment of oil & natural gas properties	161,739			176,169
	Bad debt allowance	151,692			194,040
	Stock based compensation	19,798			—
	Other	111,879			33,148
	Capital loss carryforward	4,028,768			3,983,279
	Valuation allowance on deferred tax assets	(11,199,275		)	(9,477,067		)
	Total deferred tax assets	238,470			134,981
	Deferred tax liabilities:
	Unrealized gain or loss	(98,450		)	—
	Property, plant, and equipment	(79,062		)	(115,010		)
	Accrued working interest liability	(37,280		)	—
	Other	(23,678		)	(19,971		)
	Total deferred tax liabilities	(238,470		)	(134,981		)
	Net deferred tax liability	$	—		$	—
Schedule of deferred tax assets and liabilities included in the consolidated balance sheets	Deferred tax assets and liabilities included in the consolidated balance sheets are as follows:
		December 31,
		2014			2013
	Current deferred tax asset, net	$	—		$	—
	Non-current deferred tax liability, net	—			—
		$	—		$	—

SUPPLEMENTAL_CASH_FLOW_INFORMA1

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2014
Supplemental Cash Flow Elements [Abstract]
Supplemental cash flow information	Supplemental cash flow information is summarized below:
		Years Ended December 31,
		2014		2013
	Supplemental disclosures:
	Total cash paid for interest	$	167,920	$	6,040
	Total cash paid for taxes	$	22,677	$	70,000
	Supplemental non-cash financing activities:
	Deferred financing 33.33% WI accrual	$	3,166,666	$	—
	Deferred financing 3.0% ORRI accrual	$	285,000	$	—
	Debt discount 13% Secured Note warrants	$	1,078,888	$	—
	Debt discount 12% Convertible Debenture warrants	$	106,224	$	—

SUPPLEMENTAL_DISCLOSURE_OF_OIL1

SUPPLEMENTAL DISCLOSURE OF OIL & GAS OPERATIONS (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2014
Extractive Industries [Abstract]
Capitalized costs relating to oil and gas producing activities	Capitalized Costs Relating to Oil and Gas Producing Activities
			2014			2013
	Unproved oil and natural gas properties		440,557			388,937
	Proved oil and gas properties (including asset retirement costs)		11,462,488			684,546
	Less Accumulated DD&A		(452,120	)		(156,502	)
	Net capitalized costs		11,450,925			916,981
Summary of costs incurred in oil and gas property acquisition, development, and exploration activities (both capitalized and charged to expenses)	A summary of costs incurred in oil and natural gas property acquisition, development, and exploration activities (both capitalized and charged to expense) for the years ended December 31, 2014 and 2013, is as follows.
		2014				2013
	Acquisition of proved properties	$	9,500,000			$	—
	Acquisition of unproved properties	$	118,244			$	970,336
	Development costs	$	1,256,941			$	768,117
	Exploration costs	$	112,763			$	—
Schedule of results of operations for oil and gas producing activities	The following table presents the results of operations for our oil and natural gas producing activities for the years ended December 31, 2014 and 2013.
		2014				2013
	Revenues	662,290				$	219,160
	less:
	Production costs	770,312				86,740
	Exploration expenses	112,763				—
	Depreciation, depletion and valuation provisions	435,158				27,875
		(655,943		)		104,545
	less:
	Income tax expenses	—				64,829
	Results of operations from producing activities	$	(655,943	)		$	39,716
Schedule of changes in proved developed and undeveloped reserves
			Oil			NGL		Natural Gas
			(Bbls)			(Gallons)		(Mcf)
	Changes in proved developed and undeveloped reserves:
	Balance at January 1, 2013		—			—		—
	Extensions and discoveries		8,560					205,380
	Production		(1,060	)				(16,847	)
	Revisions of prior estimates		—			—		—
	Purchase of minerals in place		—			—		—
	Balance at December 31, 2013		7,500			—		188,533
	Extensions and discoveries		—			—		—
	Production		(3,593	)		(182,584	)	(46,189	)
	Revisions of prior estimates		9,303			(134,406	)	151,186
	Purchase of minerals in place		87,840			11,060,420		1,580,060
	Balance at December 31, 2014		101,050			10,743,430		1,873,590
Standardized measure of discounted future cash flows relating to proved reserves disclosure	The standardized measure of our proved oil and natural gas reserves at December 31, 2014 and 2013, which represents the present value of estimated future cash flows using a discount rate of 10% a year, is as follows:
		2014			2013
	Future cash inflow	$	23,407,590		$	1,418,346
	Future production and development costs	(11,446,750		)	(356,096		)
	Future income taxes	(4,186,294		)	(371,787		)
	Future net cash flows	7,774,546			690,463
	10% annual discount for estimated timing of cash flows	(3,265,309		)	(289,605		)
	Standardized measure of discounted net cash flows	$	4,509,237		$	400,858
Schedule of changes in standardized measure of discounted future net cash flows	Changes in the standardized measure of our proved oil and natural gas reserves for the years ended December 31, 2014 and 2013, were as follows:
		2014			2013
	Beginning of year	$	400,858		$	—
	Revisions of quantity estimates	(714,781		)	—
	Net change in prices and production costs	(24,970		)	400,858
	Purchases of minerals in place	4,848,130			—
	End of year	$	4,509,237		$	400,858

NATURE_OF_BUSINESS_Details

NATURE OF BUSINESS (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Loss from continuing operations after income taxes	$4,629,534	$2,676,629
Accumulated deficit	$23,807,498	$19,172,770

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended	12 Months Ended		0 Months Ended
	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	4-May-12	4-May-12	31-May-12
Concentration Risk [Line Items]
Amortization of Financing Costs		$242,498	$0
Allowance for doubtful accounts	-554,401	-331,689	-554,401
Bad debt expense		0	549,818
Loss on sale of marketable securities	27,755	0	27,755
Restricted cash	3,119,949	2,986,154	3,119,949
Impairment loss		453,968	355,865
Ownership interest in Leasehold Acreages acquired		100.00%
Ownership interest in Leasehold Acreages sold		100.00%
Revenues from Segment | Acquisition, exploration, and development of oil and natural gas resources
Concentration Risk [Line Items]
Percentage of consolidated revenues		100.00%	100.00%
Jack County, Texas
Concentration Risk [Line Items]
Impairment loss			355,865
Number of wells completed in fiscal year			6
Newman and Coley wells in Jack County, Texas
Concentration Risk [Line Items]
Impairment loss		453,968
FDF
Concentration Risk [Line Items]
Restricted cash						6,250,000
FDF Resources Holdings LLC | FDF | FDF
Concentration Risk [Line Items]
Subsidiary of limited liability company or limited partnership, ownership interest				100.00%
New Francis Oaks LLC | FDF
Concentration Risk [Line Items]
Consideration for the sale					$62,500,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Changes in Asset Retirement Obligations (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Beginning balance	$7,199	$7,912
Additional ARO from new properties	1,266,659	2,673
Accretion expense	10,913	4,734
Abandonment of properties	0	-8,120
Ending balance	$1,284,771	$7,199

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Office expense	$108,447	$85,352
Bad debt expense	0	549,818
Total	3,389,447	3,054,601
Continuing Operations
Business Acquisition [Line Items]
Salary, wages, and benefits	1,588,589	1,205,352
Legal, accounting, and professional fees	357,015	706,703
Acquisition-related expenses	484,156	0
Consulting fees	554,055	0
Office expense	227,701	85,352
Insurance	127,252	129,243
Bad debt expense	0	549,818
Other	50,679	267,596
Total	$3,389,447	$2,944,064

SUMMARY_OF_SIGNIFICANT_ACCOUNT6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Potential Dilutive Securities (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities	20,286,861	8,777,494
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities	10,971,190	4,748,690
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities	745,000	209,000
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities	946,667	95,800
Convertible Debentures
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities	3,900,000	0
Series A Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities	3,724,004	3,724,004

ACQUISITION_Details

ACQUISITION (Details) (USD $)	12 Months Ended		0 Months Ended	3 Months Ended	0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Oct. 15, 2014	Dec. 31, 2014	Oct. 14, 2014
Business Acquisition [Line Items]
Accrued working interest	$3,053,272	$0		$3,053,272
Operating costs	5,320,577	3,629,305
Secured Debt
Business Acquisition [Line Items]
Interest rate (as a percent)	13.00%			13.00%
Secured Note Warrant
Business Acquisition [Line Items]
Exercise price of warrant (in dollars per share)					0.5
Upham Oil & Gas Co., L.P.
Business Acquisition [Line Items]
Area of land acquired			19,881
Purchase price			9,500,000
Accrued working interest	3,166,666			3,166,666
Gain due to proportionate share of depletion of acquired property	113,394
Revenues				240,296
Operating costs				399,153
Upham Oil & Gas Co., L.P. | Notes Issued October 2014 | Secured Debt
Business Acquisition [Line Items]
Amount of debt offering			8,900,000
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%
Upham Oil & Gas Co., L.P. | Cory R. Hall | Lenders Under Loan Agreement
Business Acquisition [Line Items]
Debt issued from related party					2,850,000
Upham Oil & Gas Co., L.P. | Referral fees
Business Acquisition [Line Items]
Transaction costs			401,033
Upham Oil & Gas Co., L.P. | Consulting fees
Business Acquisition [Line Items]
Transaction costs			$420,500
Upham Oil & Gas Co., L.P. | Secured Note Warrant
Business Acquisition [Line Items]
Warrants issued (in shares)					4,895,000
Exercise price of warrant (in dollars per share)					0.5
Upham Oil & Gas Co., L.P. | Secured Note Warrant | RKJ Holdings | Lenders Under Loan Agreement
Business Acquisition [Line Items]
Warrants issued (in shares)					1,567,500
Warrant exercise period					2 years

ACQUISITION_Schedule_of_Acquir

ACQUISITION Schedule of Acquired Assets and Liabilities (Details) (Upham Oil & Gas Co., L.P., USD $)	Oct. 15, 2014
Upham Oil & Gas Co., L.P.
Business Acquisition [Line Items]
Oil and natural gas properties	$10,766,659
Total assets acquired	10,766,659
Asset retirement obligations	1,266,659
Total liabilities assumed	1,266,659
Net assets acquired	$9,500,000

ACQUISITION_Schedule_of_Pro_Fo

ACQUISITION Schedule of Pro Forma Information (Details) (Upham Oil & Gas Co., L.P., USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Upham Oil & Gas Co., L.P.
Pro Forma
Revenues	$2,623,020	$2,710,609
Operating expenses	6,310,810	5,374,849
Loss from operations	-3,687,790	-2,664,240
Net loss	($3,908,602)	($2,641,722)

ACCOUNTS_RECEIVABLE_Details

ACCOUNTS RECEIVABLE (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Receivables [Abstract]
Trade receivables	$444,829	$627,652
Other	4,693	3,445
Total accounts receivable	449,522	631,097
Allowance for doubtful accounts	-331,689	-554,401
Accounts receivable, net	$117,833	$76,696

OIL_AND_NATURAL_GAS_PROPERTIES2

OIL AND NATURAL GAS PROPERTIES AND EQUIPMENT (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Property, plant and equipment
Total oil and natural gas properties and equipment	$12,262,976	$1,211,875
Accumulated depreciation & depletion	-597,816	-277,389
Oil and natural gas properties and equipment, net	11,665,160	934,486
Depreciation, depletion and amortization	459,981	100,207
Oil and natural gas properties
Property, plant and equipment
Total oil and natural gas properties and equipment	11,903,045	1,073,497
Equipment
Property, plant and equipment
Total oil and natural gas properties and equipment	$359,931	$138,378

DERIVATIVE_LIABILITIES_Details

DERIVATIVE LIABILITIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2011	Oct. 14, 2014
	instrument	instrument
Warrants - Series A Convertible Preferred Stock
Derivative liabilities
Number of derivatives	1	1
Instrument's original exercise price (in dollars per warrant)		2	2
Fair value of the warrants	$33,300	$2,510
Loss on derivative	30,790
Secured Note Warrant
Derivative liabilities
Instrument's original exercise price (in dollars per warrant)				0.5
Secured Notes
Derivative liabilities
Interest rate (as a percent)	13.00%
Secured Notes | Warrants
Derivative liabilities
Derivative liability	583,825			1,078,888
Gain on derivative	$495,063

DERIVATIVE_LIABILITIES_Signifi

DERIVATIVE LIABILITIES Significant Unobservable Inputs (Details)	12 Months Ended
	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest Rate (risk free)	1.08%
Volatility (annual)	129.20%
Average time to expiry	1 year 9 months 15 days

DEBT_Details

DEBT (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Debt
Total debt	$12,136,700	$536,011
Total debt, net of discount	10,963,915	418,698
Less: current maturities	-282,791	-289,891
Long-term debt	10,681,124	128,807
13% Secured Notes
Debt
Total debt	9,650,000	0
Discount	-1,023,508	0
Interest rate (as a percent)	13.00%	13.00%
12% Convertible Debentures
Debt
Total debt	1,950,000	0
Discount	-97,760	0
Interest rate (as a percent)	12.00%	12.00%
Francis Promissory Note (non-interest bearing) due October 2015
Debt
Total debt	225,000	300,000
Discount	-42,835	-99,949
Total debt, net of discount	182,165	200,051
Strasburger Promissory Note (non-interest bearing)
Debt
Total debt	105,642	178,333
Discount	-8,682	-17,364
Total debt, net of discount	96,960	160,969
7.5% Secured Equipment Loans
Debt
Total debt	130,465	0
Interest rate (as a percent)	7.50%	7.50%
5.5% Insurance Financing
Debt
Total debt	68,203	45,211
Interest rate (as a percent)	5.50%	5.50%
7.5% Secured Equipment Loan
Debt
Total debt	$7,390	$12,467
Interest rate (as a percent)	7.50%	7.50%

DEBT_Details_2

DEBT (Details 2) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
2015	$729,345
2016	3,887,200
2017	7,467,001
2018	28,312
2019	24,842
Total debt	$12,136,700	$536,011

DEBT_Details_3

DEBT (Details 3) (USD $)

0 Months Ended

12 Months Ended

10 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

0 Months Ended

Nov. 23, 2010

Dec. 31, 2014

Aug. 31, 2013

Dec. 31, 2013

Nov. 30, 2012

Dec. 31, 2012

Dec. 31, 2013

Feb. 28, 2014

Jan. 31, 2014

31-May-14

Apr. 30, 2014

Mar. 31, 2014

Dec. 31, 2014

Oct. 15, 2014

Oct. 14, 2014

Jun. 20, 2014

loan

Debt

Debt

$10,963,915

$418,698

$418,698

10,963,915

Amount outstanding

12,136,700

536,011

536,011

12,136,700

Secured Notes

Debt

Interest rate (as a percent)

13.00%

13.00%

The number of shares of common stock that can be purchased for warrants issued

5,307,500

5,307,500

Francis Promissory Note

Debt

Face value of debt

750,000

Periodic payments of debt

37,500

Debt

182,165

200,051

200,051

182,165

Imputed interest rate used to discount debt

9.00%

Amount outstanding

225,000

300,000

300,000

225,000

5.5% Insurance Financing

Debt

Interest rate (as a percent)

5.50%

Monthly principal payments

8,109

Promissory note due September 2014 | Promissory Note

Debt

Interest rate (as a percent)

5.74%

5.74%

Debt instrument term

10 months

10 months

Monthly principal payments

5,689

Frequency of periodic payment

monthly

Strasburger Promissory Note (non-interest bearing)

Debt

Face value of debt

342,500

Debt

96,960

160,969

160,969

96,960

Imputed interest rate used to discount debt

7.50%

Monthly principal payments

7,431

Down payment

75,000

Amount outstanding

105,642

178,333

178,333

105,642

Secured promissory note

Debt

Debt instrument term

3 years

Secured promissory note | Promissory Note

Debt

Face value of debt

100,000

Interest rate (as a percent)

18.00%

Debt instrument term

4 months

Number of equity instruments

12,500

Secured promissory note | Promissory Note | Minimum

Debt

Debt fee

5,000

Secured promissory note | Promissory Note | Maximum

Debt

Debt fee

20,000

Secured promissory note | Convertible Debt

Debt

Interest rate (as a percent)

12.00%

12.00%

12.00%

Secured Bridge Loan 1 | Bridge Loan

Debt

Face value of debt

100,000

Interest rate (as a percent)

18.00%

Debt instrument term

40 days

Number of equity instruments

25,000

Debt fee

20,000

Number of loans

2

Number of unrelated parties

2

Number of loans, paid

1

Secured Bridge Loan 2 | Bridge Loan

Debt

Face value of debt

100,000

Amended Secured Bridge Loans | Bridge Loan

Debt

Number of equity instruments

25,000

Repayments of short-term debt

140,000

12% Convertible Debentures

Debt

Interest rate (as a percent)

12.00%

12.00%

12.00%

12.00%

Amount outstanding

1,950,000

0

0

1,950,000

12% Convertible Debentures | Convertible Debt

Debt

Face value of debt

1,000,000

Interest rate (as a percent)

12.00%

12.00%

Debt instrument term

3 years

Price per unit of convertible debt

100,000

Conversion price of debt

0.75

Number of equity instruments

30,000

915,000

Term of warrant

3 years

Extended 12% Convertible Debenture Due 2017 | Convertible Debt

Debt

Term of warrant

1 year

Number of units issued

1

Extended 12% Convertible Debenture Due 2017 | Convertible Debt

Debt

Face value of debt

2,000,000

Conversion price of debt

0.5

Number of equity instruments

50,000

Term of warrant

3 years

7.5% Secured Equipment Loan

Debt

Interest rate (as a percent)

7.50%

7.50%

7.50%

7.50%

Monthly principal payments

524.53

Amount outstanding

7,390

12,467

12,467

7,390

5% Secured Equipment Loan

Debt

Interest rate (as a percent)

5.00%

5.00%

Monthly principal payments

2,534.94

Upham Oil & Gas Co., L.P.

Debt

Area of land acquired

19,881

Purchase price

9,500,000

Upham Oil & Gas Co., L.P. | Notes Issued October 2014 | Secured Notes

Debt

Face value of debt

8,900,000

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%

Upham Oil & Gas Co., L.P. | Cory R. Hall | Lenders Under Loan Agreement

Debt

Debt issued from related party

$2,850,000

Debt Instrument, Conversion Period One | 12% Convertible Debentures | Convertible Debt

Debt

Conversion price of debt

0.75

$0.64

Debt Instrument, Conversion Period Two | 12% Convertible Debentures | Convertible Debt

Debt

Conversion price of debt

0.5

$0.43

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Schedule of future minimum rental payments for operating leases
2015	$150,296
2016	136,682
2017	60,378
2018	2,140
Thereafter	3,222
Total	352,718
Total lease rental expense from continuing operations	$108,447	$85,352

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	12 Months Ended		0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jun. 20, 2014
STOCKHOLDERS' EQUITY
Common stock, shares authorized	200,000,000	200,000,000
Common stock, par value (in dollars per share)	$0.00	$0.00
Conversion ratio of preferred stock into common shares	1
Number of shares of common stock issued related to conversion of preferred stock	0	0
Series A Convertible Preferred Stock
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
Offering | Cory Hall | Common Stock
STOCKHOLDERS' EQUITY
Number of common shares issued			8,013,902
Value of stock issued			$1,001,738

STOCKHOLDERS_EQUITY_Details_2

STOCKHOLDERS' EQUITY (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
STOCKHOLDERS' EQUITY
Proceeds from the issuance of Common Stock	$1,001,738	$0
Other Common Stock Issuances
Number of shares of common stock issued to certain employees and individuals	302,404	76,987
Fair value of shares	$221,765	$61,106

STOCKHOLDERS_EQUITY_Details_3

STOCKHOLDERS' EQUITY (Details 3) (USD $)	1 Months Ended	12 Months Ended		3 Months Ended	12 Months Ended	0 Months Ended				1 Months Ended
	Oct. 31, 2012	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2012	Dec. 31, 2011	Dec. 17, 2013	1-May-13	Jun. 15, 2012	Dec. 31, 2014	Feb. 28, 2014	Apr. 30, 2013	Oct. 02, 2012	Oct. 14, 2014
Stockholders' equity
Number of shares of common stock issued at rate of terminated accrued dividend per share of preferred stock												1
Number of dividend common shares issued	768,090
Liquidation Adjustment Common Shares	2,463,214
Cash currently being held in the post-closing escrow fund		$6,250,361							$6,250,361
Stock repurchase program, number of shares authorized to be repurchased											2,700,000
Stock repurchase program, number of shares authorized to be repurchased, as a percentage of common stock outstanding											10.00%
Stock repurchase program, period in force		12 months
Number of shares repurchased		1,450
Average cost per share		$0.24
Preferred stock repurchased		343
Fair value of warrant		$0.11	$0.19						$0.11
Gain on derivative liability		464,273	0
Secured Note Warrant
Stockholders' equity
Gain on derivative liability		495,063
Warrant exercise price													0.5
Common stock warrant
Stockholders' equity
Shares which may be purchased by warrants issued					126,000
Warrant exercise price			2		2
Period for exercise of warrants from the date of grant					3 years
The aggregate fair value of warrants issued		0	0						0
Extension of exercise dates from original effective date				24 months
Preferred stock warrant
Stockholders' equity
Shares which may be purchased by warrants issued					16,800
Warrant exercise price					1
Period for exercise of warrants from the date of grant			3 years
Series A convertible preferred stock
Stockholders' equity
Preferred stock dividend rate								9.00%
Accrued dividends used as a rate for common stock issuance upon termination of dividend (in dollars per share)												1
Liquidation preference (in dollars per share)	1							$1.50
Preferred stock conversion basis	0.42735
Restructuring fee paid as a percentage of original purchase price	0.01%
Original purchase price (in dollars per share)	1
Payment of restructuring fee	43,230
Preferred stock redemption as a percentage of funds released	100.00%
Preferred stock redeemed						1,039,907	1,000,000
Redemption price per share						$1	$1
Number of shares redeemed		0				1,039,907	999,958
Secured Notes
Stockholders' equity
Interest rate (as a percent)		13.00%							13.00%
Shares which may be purchased by warrants issued		5,307,500							5,307,500
Period for exercise of warrants from the date of grant		2 years
Convertible debentures
Stockholders' equity
Interest rate (as a percent)		12.00%							12.00%
Warrant exercise price		0.52							0.52
Period for exercise of warrants from the date of grant		2 years 9 months 18 days
12% Convertible Debentures
Stockholders' equity
Interest rate (as a percent)		12.00%	12.00%						12.00%
12% Convertible Debentures | Convertible Debt
Stockholders' equity
Interest rate (as a percent)		12.00%							12.00%
Fair value of warrants, total		$106,219							$106,219
Number of equity instruments									915,000	30,000

STOCKHOLDERS_EQUITY_Fair_Value

STOCKHOLDERS' EQUITY Fair Value Assumptions (Details)	12 Months Ended
	Dec. 31, 2014
STOCKHOLDERS' EQUITY
Interest Rate (risk free)	1.08%
Volatility (annual)	129.20%
Average time to expiry	1 year 9 months 15 days
12% Convertible Debentures
STOCKHOLDERS' EQUITY
Average time to expiry	3 years
Minimum | 12% Convertible Debentures
STOCKHOLDERS' EQUITY
Interest Rate (risk free)	0.72%
Volatility (annual)	104.41%
Maximum | 12% Convertible Debentures
STOCKHOLDERS' EQUITY
Interest Rate (risk free)	1.12%
Volatility (annual)	155.91%

STOCKHOLDERS_EQUITY_Details_4

STOCKHOLDERS' EQUITY (Details 4) (Warrants, USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Warrants
Warrants
Outstanding at beginning of period (in shares)	4,748,690	4,748,690
Issued (in shares)	6,222,500	0
Exercised (in shares)	0	0
Forfeited or expired (in shares)	0	0
Outstanding at end of period (in shares)	10,971,190	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)	$0.50	$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)	$0.84	$1.18

STOCK_BASED_COMPENSATION_Detai

STOCK BASED COMPENSATION (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized	200,000,000	200,000,000
Intrinsic value of stock options	$27,083
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)	625,000	227,000
Options granted, exercise price (usd per share)	$0.10	$0.42
Stock-based compensation related to stock options	84,946	11,354
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	1,145,000	136,200
Stock-based compensation related to stock options	106,467	56,194
Compensation cost not yet recognized, period for recognition	1 year 10 months 28 days
Compensation cost not yet recognized	230,867
2013 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, capital shares reserved for future issuance	3,100,000
Common stock, shares authorized	5,000,000
Total grant date fair value of awards	519,295	101,000
Compensation cost not yet recognized, period for recognition	1 year 8 months 23 days
Compensation cost not yet recognized	$129,176
2013 Equity Incentive Plan | Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)	625,000	227,000
Options granted, exercise price (usd per share)	$0.10	$0.42
Vesting period	2 years	3 years
2013 Equity Incentive Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Restricted stock granted (in shares)	945,000	136,200

STOCK_BASED_COMPENSATION_Detai1

STOCK BASED COMPENSATION (Details 1) (Stock Option, USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Stock Option
Number of Shares
Outstanding, beginning balance (in shares)	209,000	0
Granted (in shares)	625,000	227,000
Exercised (in shares)	0	0
Canceled / Forfeited (in shares)	-89,000	-18,000
Outstanding, ending balance (in shares)	745,000	209,000
Options exercisable (in shares)	248,333
Weighted Average Exercise Price Per Share
Outstanding, beginning balance (usd per share)	$0.42	$0
Granted (usd per share)	$0.10	$0.42
Exercised (usd per share)	$0	$0
Canceled / Forfeited (usd per share)	$0.42	$0.42
Outstanding, ending balance (usd per share)	$0.15	$0.42
Options exercisable (usd per share)	$0.15
Weighted Average Grant Date Fair Value Per Share
Options outstanding, beginning balance (usd per share)	$0.19	$0
Granted (usd per share)	$0.10	$0.19
Exercised (usd per share)	$0	$0
Canceled / Forfeited (usd per share)	$0.19	$0.19
Options outstanding, ending balance (usd per share)	$0.31	$0.19
Options exercisable (usd per share)	$0.31
Weighted Average Remaining Contractual Term (Yrs)
Options outstanding	9 years 6 months	9 years 2 months 12 days
Options exercisable	9 years 6 months

STOCK_BASED_COMPENSATION_Detai2

STOCK BASED COMPENSATION (Details 2) (Stock Option)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected dividend yield	0.00%	0.00%
Volatility	256.77%	47.30%
Risk-free interest rate	1.77%	1.30%
Expected life	6 years	6 years

STOCK_BASED_COMPENSATION_Detai3

STOCK BASED COMPENSATION (Details 3) (Restricted Stock, USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Restricted Stock
Shares
Nonvested, beginning balance (in shares)	95,800	116,666
Granted	1,145,000	136,200
Vested	-243,333	-103,733
Canceled / Forfeited	-50,800	-53,333
Nonvested, ending balance (in shares)	946,667	95,800
Weighted Average Grant Date Fair Value Per Share
Nonvested, beginning balance (usd per share)	$0.44	$0.48
Granted (usd per share)	$0.29	$0.42
Vested (usd per share)	$0.34	$0.55
Canceled / Forfeited (usd per share)	$0.46	$0.26
Nonvested, ending balance (usd per share)	$0.28	$0.44

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant fair value estimate, historic volatility period used for estimate		1 year
Proceeds from sale of marketable securities	$494,625	$0	$494,625
Amortize deferred financing cost	-27,755	0	-27,755
Liability | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in derivative liabilities		($464,273)

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Level 1
Financial assets and liabilities at fair value
Derivative liabilities	$0	$0
Level 2
Financial assets and liabilities at fair value
Derivative liabilities	0	0
Level 3
Financial assets and liabilities at fair value
Derivative liabilities	617,125	2,510
Carrying Amount
Financial assets and liabilities at fair value
Derivative liabilities	$617,125	$2,510

FAIR_VALUE_MEASUREMENTS_Detail2

FAIR VALUE MEASUREMENTS (Details 3) (Liability, Level 3, USD $)	12 Months Ended
	Dec. 31, 2014
Liability | Level 3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$2,510
Change in derivative liabilities	-464,273
Issuance of warrant derivative	1,078,888
Ending balance	$617,125

FAIR_VALUE_MEASUREMENTS_Detail3

FAIR VALUE MEASUREMENTS (Details 4)	12 Months Ended
	Dec. 31, 2014
Financial Instruments And Fair Value Measurements [Abstract]
Interest Rate (risk free)	1.08%
Volatility (annual)	129.20%
Average time to expiry	1 year 9 months 15 days

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Income (loss) from continuing operations before income taxes	$4,629,534	$2,787,558
Current:
Federal	0	175,758
State	0	-64,829
Total	0	110,929
Deferred:
Federal	0	0
State	0	0
Total	0	0
Income tax benefit	0	110,929
Accumulated net operating losses	20,169,384
Sources of the differences between amounts computed by applying the statutory income tax rate to income (loss) before income taxes
Expected income tax (benefit) expense based on U.S. statutory rate	-1,620,337	-975,645
State income taxes (net of federal income tax benefit)	0	-64,829
Permanent differences	-101,871	-3,426
Other	0	3,360,373
Valuation allowance	1,722,208	-2,205,544
Income tax benefit	0	110,929
Deferred tax assets:
Net operating loss carryforwards	6,963,869	5,225,412
Impairment of oil & natural gas properties	161,739	176,169
Bad debt allowance	151,692	194,040
Stock based compensation	19,798	0
Other	111,879	33,148
Capital loss carryforward	4,028,768	3,983,279
Valuation allowance on deferred tax assets	-11,199,275	-9,477,067
Total deferred tax assets	238,470	134,981
Deferred tax liabilities:
Unrealized gain or loss	-98,450	0
Property, plant, and equipment	-79,062	-115,010
Accrued working interest liability	-37,280	0
Other	-23,678	-19,971
Total deferred tax liabilities	-238,470	-134,981
Net deferred tax liability	0	0
Deferred tax assets and liabilities included in the consolidated balance sheets
Current deferred tax asset, net	0	0
Non-current deferred tax liability, net	0	0
Net deferred tax liability	$0	$0

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (Cory R. Hall, USD $)	0 Months Ended
	Oct. 14, 2014	Dec. 31, 2014	Aug. 27, 2014
Upham Oil & Gas Co., L.P. | Lenders Under Loan Agreement
Related Party Transaction [Line Items]
Debt issued from related party	$2,850,000
Panther Creek
Related Party Transaction [Line Items]
Due to related party		($480,000)	($500,000)
Interest rate (as a percent)			0.00%

SUPPLEMENTAL_CASH_FLOW_INFORMA2

SUPPLEMENTAL CASH FLOW INFORMATION (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Supplemental disclosures:
Total cash paid for interest	$167,920	$6,040
Total cash paid for taxes	22,677	70,000
33.33% WI Accrual
Supplemental non-cash financing activities:
Deferred financing	3,166,666	0
3.0% ORRI Accrual
Supplemental non-cash financing activities:
Deferred financing	285,000	0
13% Secured Notes
Supplemental non-cash financing activities:
Debt discount	1,078,888	0
12% Convertible Debentures
Supplemental non-cash financing activities:
Debt discount	$106,224	$0

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	0 Months Ended
	Mar. 20, 2015	Jan. 22, 2015	Dec. 31, 2014	Dec. 31, 2013
Secured Notes
Subsequent Event [Line Items]
Interest rate (as a percent)			13.00%
13% Secured Notes
Subsequent Event [Line Items]
Interest rate (as a percent)			13.00%	13.00%
Subsequent Event | 13% Secured Notes | Secured Notes
Subsequent Event [Line Items]
Additional notes issued	$1,675,000
Interest rate (as a percent)	13.00%
Subsequent Event | Founder Warrant
Subsequent Event [Line Items]
Founder's warrants outstanding		2,977,951
Expiration period extension		3 years

SUPPLEMENTAL_DISCLOSURE_OF_OIL2

SUPPLEMENTAL DISCLOSURE OF OIL & GAS OPERATIONS (Unaudited) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Costs incurred
Acquisition of proved properties	$9,500,000	$0
Acquisition of unproved properties	118,244	970,336
Development costs	1,256,941	768,117
Exploration	112,763	0
Results of operations for producing activities
Revenues	662,290	219,160
Production costs	-770,312	-86,740
Exploration expenses	-112,763	0
Depreciation, depletion and valuation provisions	-435,158	-27,875
Results of operations from producing activities before tax	-655,943	104,545
Income tax expenses	0	-64,829
Results of operations from producing activities	($655,943)	$39,716

SUPPLEMENTAL_DISCLOSURE_OF_OIL3

SUPPLEMENTAL DISCLOSURE OF OIL & GAS OPERATIONS (Details 1) (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Oil
Average Sales Price and Production Costs Per Unit of Production [Line Items]
Average Sales Prices	93.26	96.6
Natural Gas
Average Sales Price and Production Costs Per Unit of Production [Line Items]
Average Sales Prices	4.39	3.68

SUPPLEMENTAL_DISCLOSURE_OF_OIL4

SUPPLEMENTAL DISCLOSURE OF OIL & GAS OPERATIONS (Details 2) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves
Future cash inflow	$23,407,590	$1,418,346
Future production and development costs	-11,446,750	-356,096
Future income taxes	-4,186,294	-371,787
Future net cash flows	7,774,546	690,463
10% annual discount for estimated timing of cash flows	-3,265,309	-289,605
Standardized measure of discounted net cash flows	4,509,237	400,858
Increase (Decrease) in Standardized Measure of Discounted Future Net Cash Flow Relating to Proved Oil and Gas Reserves
Beginning of year	400,858	0
Revisions of quantity estimates	-714,781	0
Purchases of minerals in place	-24,970	400,858
End of year	4,509,237	400,858
Increase Due to Purchases of Minerals in Place	$4,848,130	$0

SUPPLEMENTAL_DISCLOSURE_OF_OIL5

SUPPLEMENTAL DISCLOSURE OF OIL & GAS OPERATIONS Capitalized Costs Relating to Oil and Gas Producing Activities (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Extractive Industries [Abstract]
Unproved oil and natural gas properties	$440,557	$388,937
Proved oil and gas properties (including asset retirement costs)	11,462,488	684,546
Less Accumulated DD&A	-452,120	-156,502
Net capitalized costs	$11,450,925	$916,981

SUPPLEMENTAL_DISCLOSURE_OF_OIL6

SUPPLEMENTAL DISCLOSURE OF OIL & GAS OPERATIONS Changes in Proved Developed and Undeveloped Reserves (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
	gal	Mcf	bbl	bbl	Mcf	gal
	Mcf	gal	Mcf	gal	bbl	bbl
	bbl	bbl	gal	Mcf	gal	Mcf
Proved Developed and Undeveloped Reserves [Abstract]
Beginning balance	188,533	188,533	188,533	0	0	0
Extensions and discoveries	0	0	0	8,560	205,380	8,560
Production	-182,584	-46,189	-3,593	-1,060	-16,847	-1,060
Revisions of prior estimates	-134,406	151,186	9,303	0	0	0
Purchase of minerals in place	11,060,420	1,580,060	87,840	0	0	0
Ending balance	101,050	101,050	101,050	188,533	188,533	188,533