RICHFIELD OIL & GAS (ROIL) Inactive 10-Q14 Nov 132013 Q3 Quarterly reportFinancial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
Document And Entity Information	Sep. 30, 2013	Nov. 14, 2013
Document Information [Line Items]	'	'
Entity Registrant Name	'RICHFIELD OIL & GAS Co	'
Entity Central Index Key	'0001537834	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'ROIL	'
Entity Common Stock, Shares Outstanding	'	39,493,664
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2013	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
ASSETS	'	'
Cash and cash equivalents	$98,753	$286,013
Restricted Cash	1,639,403	0
Accounts receivables	140,006	387,803
Deposits and prepaid expenses	56,670	390,750
Total current assets	1,934,832	1,064,566
Properties and equipment, at cost - successful efforts method:	'	'
Proved properties	7,285,103	6,581,725
Unproved properties	14,114,018	14,164,053
Well and related equipment	1,680,809	1,024,972
Accumulated depletion, depreciation and amortization	-1,118,278	-923,083
Properties and equipment, at cost - successful efforts method	21,961,652	20,847,667
Other properties and equipment	219,231	236,212
Accumulated depreciation	-202,265	-188,411
Other properties and equipment, net	16,966	47,801
Total assets	23,913,450	21,960,034
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Accounts payable	2,150,209	1,578,510
Accrued expenses and other payables	2,355,581	1,368,276
Current portion of notes payable	1,510,238	1,487,419
Convertible notes payable, net of discount of $288,475 and $0 at 9/30/13 and 12/31/12, respectively	2,524,085	1,352,560
Capital lease obligations	0	15,748
Derivative liability	1,354,503	0
Total current liabilities	9,894,616	5,802,513
Long-term liabilities	'	'
Notes payable, net of current portion	0	1,674,691
Asset retirement obligations	461,788	482,157
Total long-term liabilities	461,788	2,156,848
Total liabilities	10,356,404	7,959,361
Commitments and contingencies	'	'
Stockholders' equity	'	'
Common stock, par value $.001; 250,000,000 authorized; 39,158,830 shares and 32,518,192 shares issued and outstanding at 9/30/2013 and 12/31/2012, respectively	39,159	32,518
Additional paid-in capital	50,779,079	45,147,563
Accumulated deficit	-37,261,192	-31,179,408
Total stockholders' equity	13,557,046	14,000,673
Total liabilities and stockholders' equity	$23,913,450	$21,960,034

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, authorized shares	250,000,000	250,000,000
Common stock, shares issued	39,158,830	32,518,192
Common stock, shares outstanding	39,158,830	32,518,192
Convertible Notes Payable Net Discount	$288,475	$0

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
Condensed Consolidated Statements of Operations (USD $)	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues	'	'	'	'
Oil and natural gas sales	$254,554	$217,852	$772,394	$666,750
Total revenues	254,554	217,852	772,394	666,750
Operating expenses	'	'	'	'
Production expenses	205,312	214,664	653,758	580,679
Production taxes	10,741	7,915	29,957	24,069
Exploration	32,292	28,239	103,843	108,638
Lease expiration	109,292	7,261	156,229	21,431
Depletion, depreciation, amortization and accretion	88,477	72,824	271,627	186,506
General and administrative expenses	1,087,997	778,812	3,275,525	3,643,019
Asset retirement obligation expenses	25,094	0	161,601	0
Loss (gain) on sale of assets	0	-7,954	16,130	-433,849
Total expenses	1,559,205	1,101,761	4,668,670	4,130,493
Loss from operations	-1,304,651	-883,909	-3,896,276	-3,463,743
Other income (expenses)	'	'	'	'
Gain on settlement of liabilities	0	3,570	30,367	20,769
Loss on extinguishment of debt	-472,349	0	-1,103,702	0
Loss on derivative valuation	-287,571	0	-287,571	0
Interest and finance expenses	-255,663	-238,516	-798,286	-644,773
Interest income	850	31	850	52,338
Total other income (expenses)	-1,014,733	-234,915	-2,158,342	-571,666
Loss before income taxes	-2,319,384	-1,118,824	-6,054,618	-4,035,409
Income tax provision	0	0	-1,567	-400
Net loss	($2,319,384)	($1,118,824)	($6,056,185)	($4,035,809)
Net loss per common share - basic and diluted (in dollars per share)	($0.06)	($0.04)	($0.17)	($0.14)
Weighted average shares outstanding - basic and diluted (in shares)	38,255,935	28,584,164	35,339,019	28,138,646

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
Condensed Consolidated Statements of Cash Flows (USD $)	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net loss	($6,056,185)	($4,035,809)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:	'	'
Depletion, depreciation, amortization and accretion	271,627	187,560
Asset retirement obligation release on plugged wells	-39,000	0
Gain on settlement of liabilities	-30,367	-35
Loss on extinguishment of debt	1,103,702	0
Loss on derivative liability	287,571	0
Capitalized interest on notes payable	16,317	8,456
Amortization of pre-paid interest	6,164	83,256
Lease expirations	156,229	21,431
Loss (gain) on sale of assets	16,130	-433,849
Amortization of debt discounts	50,098	221,467
Issuance of common stock, options and warrants for services and other expenses	1,115,884	1,407,238
Changes in operating assets and liabilities:	'	'
Decrease (increase) in accounts receivables	311,247	-153,458
Decrease (increase) in deposits and prepaid expenses	294,711	0
Decrease (increase) in other assets	0	-112,111
Increase (decrease) in accounts payable	187,102	486,824
Increase (decrease) in accrued expenses and other payables	1,570,122	115,342
Increase (decrease) in due to directors	0	-27,934
Increase (decrease) in due to related parties	0	-61,246
Net cash used in operating activities	-738,648	-2,292,868
Cash flows from investing activities:	'	'
Investment in oil and gas properties, including wells and related equipment	-1,077,978	-1,344,976
Investment in other properties and equipment	0	-13,434
Proceeds from sale of assets	354,700	2,271,678
Net cash provided by (used in) investing activities	-723,278	913,268
Cash flows from financing activities:	'	'
Proceeds from notes and convertible notes payable	1,921,811	100,000
Payments on notes and convertible notes payable	-68,372	-649,461
Restricted cash for settlement of note and litigation (see NOTE 15 LEGAL PROCEEDINGS)	-1,639,403	0
Proceeds from related party notes payable	0	50,000
Payments on related party notes payable	0	-304,909
Payments on capital lease obligation	-15,748	-23,298
Proceeds from issuance of convertible preferred stock	0	285,000
Proceeds from issuance of warrants	7,378	272,115
Proceeds from issuance of common stock - net of issuance costs	1,069,000	1,764,750
Net cash provided by financing activities	1,274,666	1,494,197
Net increase (decrease) in cash and cash equivalents	-187,260	114,597
Cash and cash equivalents - beginning of period	286,013	37,157
Cash and cash equivalents - end of period	98,753	151,754
Supplemental disclosure of cash flow information:	'	'
Cash paid during the period for interest	14,569	84,758
Cash paid during the period for income taxes	1,567	0
Non-cash financing and investing activities:	'	'
Purchase of oil and gas properties and conversion of JIB receivables billed to working interest holders through issuance of common stock and warrants	8,500	547,363
Capitalized oil and gas properties included in accounts payable	938,973	0
Purchase of properties through exchange of property and reduction of payables and notes payable	71,332	230,000
Sale of oil and gas properties for return of common stock	45,625	539,277
Cancellation of lease in full satisfaction of accounts payable	0	180,000
Conversion of pre-paid expenses, payables, and notes payable through issuance of common stock	3,084,084	550,000
Conversion of accounts payable through issuance of note payable	21,000	186,229
Capitalized accrued interest on notes payable	0	152,657
Derivative liability on common stock issued	344,572	0
Conversion of notes payable through issuance of convertible notes payable	0	1,328,000
Conversion of convertible notes payable through issuance of notes payable	0	1,117,500
Amortization of plugged wells	41,766	0
Capitalized asset retirement obligations	30,892	0
Write down of asset retirement obligation on sold properties	$18,839	$0

ORGANIZATION_AND_NATURE_OF_BUS

ORGANIZATION AND NATURE OF BUSINESS	9 Months Ended
ORGANIZATION AND NATURE OF BUSINESS	Sep. 30, 2013
Accounting Policies [Abstract]	'
Business Description and Basis of Presentation [Text Block]	'
	NOTE 1 ORGANIZATION AND NATURE OF BUSINESS

	Richfield Oil & Gas Company (the “Company,” “Richfield” or “ROIL”) is a Nevada corporation headquartered in Salt Lake City, Utah which was incorporated on April 8, 2011. The Company is engaged in the exploration, development and production of oil and natural gas in the states of Kansas, Oklahoma, Utah and Wyoming. The Company’s common stock trades on the OTCQX under the symbol “ROIL”.

	Contemporaneously with ROIL’s incorporation, the Company merged (the “HPI Merger”) with its predecessor company, Hewitt Petroleum, Inc., a Delaware corporation which was incorporated on May 17, 2008 (“HPI”). In connection with the HPI Merger, HPI was merged out of existence and the Company assumed all of the assets and liabilities of HPI and the Company became the parent company of HPI’s two wholly owned subsidiaries, Hewitt Energy Group, Inc., a Texas corporation (“HEGINC”) and Hewitt Operating, Inc., a Utah corporation (“HOPIN”). The Plan of Merger required that all HPI common stock be exchanged on a one-for-one basis for ROIL common stock and that ROIL assume all of the liabilities of HPI as of the effective date of the HPI Merger. As a result, the Company’s historical financial statements are a continuation of the financial statements of HPI. In addition, effective March 31, 2011, HPI entered into a Stock Exchange Agreement with Freedom Oil & Gas, Inc., a Nevada corporation (“Freedom”), which called for the exchange of stock in HPI for all of the outstanding stock of Freedom (the “Freedom Acquisition”). Upon completion of the Freedom Acquisition, it became a wholly owned subsidiary of the Company from March 31, 2011 until June 20, 2011 when Freedom was merged into ROIL with ROIL being the surviving entity.

	The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, HEGINC and HOPIN. All significant intercompany transactions and balances have been eliminated in consolidation.

	The Company has been involved in leasing, exploring and drilling in Kansas, Oklahoma, Utah and Wyoming since its formation. The Company is participating in over 39,000 acres of leasehold, seismic surveys, and numerous drilling projects in these states. The Company uses proven technologies and drilling and production methods that are both efficient and environmentally sound.

GOING_CONCERN

GOING CONCERN	9 Months Ended
GOING CONCERN	Sep. 30, 2013
Going Concern Disclosure [Abstract]	'
Going Concern Disclosure [Text Block]	'
	NOTE 2 GOING CONCERN

	The Company’s condensed consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and the liquidation of liabilities in the ordinary course of business. The Company has incurred substantial losses from operations causing negative working capital, in that current liabilities exceed current assets, and the Company has negative operating cash flows, which raise substantial doubt about the Company’s ability to continue as a going concern. The Company sustained a net loss for the nine months ended September 30, 2013 of $6,056,185 and a net loss for the year ended December 31, 2012 of $7,993,196, and has an accumulated deficit of $37,261,192 as of September 30, 2013.

	The Company intends to make its planned capital expenditures in order to continue its drilling programs, but does not have sufficient realized revenues or operating cash flows in order to finance these activities internally. As a result, the Company intends to seek financing in order to fund its working capital and capital expenditure needs.

	The Company has been able to meet its short-term needs through loans from officers and third parties; sales of working interest in its oil and gas properties; and private placements of equity securities. The Company may seek additional funding through sales of working interest in its oil and gas properties; the issuance of debt; preferred stock; common stock; or a combination of these items. Any proceeds received from these items could provide the needed funds for continued operations and drilling programs. The Company can provide no assurance that it will be able to obtain sufficient additional financing that it needs to develop its properties and alleviate doubt about its ability to continue as a going concern. If the Company is able to obtain sufficient additional financing proceeds, the Company cannot be certain that this additional financing will be available on acceptable terms, if at all. To the extent the Company raises additional funds by issuing equity securities, the Company’s stockholders may experience significant dilution. Any debt financing, if available, may involve restrictive covenants that impact the Company’s ability to conduct business. The condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

SIGNIFICANT_ACCOUNTING_POLICIE

SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2013
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	NOTE 3 SIGNIFICANT ACCOUNTING POLICIES

	These unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The financial statements included herein were prepared from the records of the Company in accordance with GAAP for interim financial information and the instructions to Form 10-Q and Regulation S-X and S-K. In the opinion of management, all adjustments, of a normal recurring nature that are considered necessary for a fair presentation of the interim financial information, have been included. However, operating results for the periods presented are not necessarily indicative of the results that may be expected for a full year. The Company’s annual report on Form 10-K includes certain definitions and a summary of significant accounting policies and should be read in conjunction with this Form 10-Q. There have been no material changes to the information disclosed in the notes to the consolidated financial statements included in the Company’s annual report on Form 10-K.

	The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of oil and gas reserves, assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although management believes these estimates are reasonable, actual results could differ from these estimates. The Company evaluates its estimates on an on-going basis and bases its estimates on historical experience and on various other assumptions the Company believes to be reasonable under the circumstances. Although actual results may differ from these estimates under different assumptions or conditions, the Company believes that its estimates are reasonable. The Company’s activities are accounted for under the successful efforts method.

	Loss Per Common Share

	Basic earnings per share (“EPS”) is computed by dividing net income (loss) (the numerator) by the weighted-average number of common shares outstanding for the period (the denominator). Diluted EPS is computed by dividing net income (loss) by the weighted-average number of common shares and potential common shares outstanding (if dilutive) during each period. Potential common shares include common shares to be issued related to warrants outstanding, convertible debentures, stock options, and stock pending issue under the ratchet provision. The number of potential common shares outstanding is computed using the treasury stock method.

	As the Company has incurred losses for the nine months ended September 30, 2013 and 2012, the potentially dilutive shares are anti-dilutive and are thus not added into the loss per share calculations. As of September 30, 2013 and 2012, there were 12,959,062 and 3,553,591 potentially dilutive shares, respectively.

	Reclassifications

	Certain prior period balances have been reclassified to conform to the current period presentation. Such reclassifications had no impact on net loss, statements of cash flows, working capital or equity previously reported.

	Financial Instruments and Concentration of Risks

	The Company’s financial instruments include cash and cash equivalents, accounts receivable and accounts payable. The carrying amount of cash and cash equivalents, accounts receivable, and accounts payable approximate fair value because of their immediate or short-term maturities.

	Substantially all of the Company’s accounts receivable result from oil and gas sales and joint interest billings (“JIBs”) to third parties in the oil and gas industry. This concentration of customers and joint interest owners may impact the Company’s overall credit risk in that these entities may be similarly affected by changes in economic and other conditions. As of September 30, 2013, 67% of the accounts receivable balance resulted from three entities. For the nine months ended September 30, 2013, 98% of the revenues resulted from producing wells in Kansas, and for the nine months ended September 30 2012, all of the revenues resulted from producing wells in Kansas.

OIL_AND_NATURAL_GAS_PROPERTIES

OIL AND NATURAL GAS PROPERTIES	9 Months Ended
OIL AND NATURAL GAS PROPERTIES	Sep. 30, 2013
Business Combinations [Abstract]	'
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]	'
	NOTE 4 OIL AND NATURAL GAS PROPERTIES

	Acquisitions for the nine months ended September 30, 2013

	In January 2013, the Company purchased two leases in the HUOP Freedom Trend Prospect: (i) a lease totaling 111 net acres with a term of 10 years for a payment of $1,664 per year; and (ii) the City of Fountain Green Lease totaling 206 net acres with a term of 10 years and includes the right to use surplus city water for a one-time payment of $140,000.

	In May 2013, the Company purchased two 5 year leases with a 5 year option to renew in the HUOP Freedom Trend Project totaling 1,328 acres for $74,387. As part of the consideration for the leases the Company issued 10,000 shares of common stock valued at $8,000 or $0.80 per share with the balance of $66,387 paid in cash.

	In May 2013, the Company purchased a 10 year lease in the HUOP Freedom Trend Prospect totaling 422 acres with annual payments of $6,329.

	In June 2013, the Company purchased a 5 year lease with a 5 year option to renew in two new prospects in the Central Utah Overthrust totaling 1,707 acres for $59,729 in cash.

	Divestitures for the nine months ended September 30, 2013

	In March 2013, the Company sold a 20.0% working interest in the Wasatch National Forest #16-15 Well to two unaffiliated investors for a total of $145,626 with payments of $120,000 in cash and $25,626 through the return and cancelation of 25,626 shares of Common Stock valued at $1.00 per share.

	In June 2013, the Company sold a 2.0% working interest in the Moroni #1 AXZH Well and in the surrounding 20,000 acres in the Independence Project for a total of $240,000, with payments of $220,000 in cash and $20,000 through the return and cancelation of 27,778 shares of Common Stock valued at $0.72 per share.

	In July 2013, the Company sold a 2.0% ORRI in the Pine Springs/Edwin Prospect in the Central Utah Overthrust to an unaffiliated investor for $70,000 cash. As additional consideration for the sale, the Company granted warrants to purchase up to 70,000 shares of Common Stock with an exercise price of $1.00 that expire in July 2014.

NOTES_PAYABLE

NOTES PAYABLE	9 Months Ended
NOTES PAYABLE	Sep. 30, 2013
Notes Payable Disclosure [Abstract]	'
Notes Payable Disclosure [Text Block]	'
	NOTE 5 NOTES PAYABLE

	Notes Payable consists of the following:

		September 30,		December 31,
		2013		2012
	Note Payable, interest at 12.0% per annum, monthly payments of $7,500, due October 2013, secured by a 5.00% working interest in certain HUOP Freedom Trend Prospect leases.	$	-	$	750,000

	Note Payable, interest at 10.0% per annum, monthly payments of $3,200, secured by a 1.00% working interest in certain HUOP Freedom Trend Prospect leases.		-		366,709

	Note Payable, interest at 7.5% per annum, monthly payments of $1,949, due January 2014, secured by vehicle.		14,012		24,759

	Note Payable, interest at 10.0% per annum, monthly payments of $15,000, due June 2014, secured by a 10.00% working interest in certain HUOP Freedom Trend Prospect leases.		581,327		716,327

	Note Payable, interest at 10.0% per annum, monthly payments of $5,000, secured by a 1.00% working interest in certain HUOP Freedom Trend Prospect leases.		-		87,056

	Note Payable, interest at 0.0% per annum, monthly payments of $1,500, due on demand, unsecured.		-		7,380

	Note Payable, interest at 8.0% per annum, monthly payments of $10,000, due on demand, unsecured.		94,701		115,879

	Note Payable, interest at 10.0% per annum, secured by certain new leases, rights, and interests in the Central Utah Overthrust Project.		-		250,000

	Note Payable, interest at 6.0% per annum, quarterly payments of $50,000, due January 2014, secured by a 10.00% working interest in the Liberty Prospect.		439,000		589,000

	Note Payable, interest at 0.0% per annum, unsecured.		-		190,000

	Note Payable, interest at 0.0% per annum, due on demand, unsecured		15,000		-

	Note Payable, interest at 10.0% per annum, secured by a 1.00% working interest in certain HUOP Freedom Trend Prospect leases.		-		65,000

	Note Payable, interest at 12.0% per annum, due on demand, secured by a 10.00% working interest in the Liberty Prospect.		66,198		-

	Note Payable, interest at 12.0% per annum, due on demand, secured by a 10.00% working interest in the Liberty Prospect.		50,000		-

	Note Payable, interest at 12.0% per annum, due on demand, secured by a 10.00% working interest in the Liberty Prospect.		50,000		-

	Note Payable, interest at 8.0% per annum, due on demand, secured by a working interest in certain Kansas leases.		100,000		-

	Note Payable, interest at 8.0% per annum, due on demand, secured by a working interest in certain Kansas leases.		100,000		-

	Total Notes Payable		1,510,238		3,162,110
	Less: Current Portion (includes demand notes)		-1,510,238		-1,487,419
	Long-Term Portion	$	-	$	1,674,691

CONVERTIBLE_NOTES_PAYABLE

CONVERTIBLE NOTES PAYABLE	9 Months Ended
CONVERTIBLE NOTES PAYABLE	Sep. 30, 2013
Convertible Notes Payable Disclosure [Abstract]	'
Convertible Notes Payable Disclosure [Text Block]	'
	NOTE 6 CONVERTIBLE NOTES PAYABLE

	Convertible Notes Payable consists of the following:

		September 30,		December 31,
		2013		2012
	Note Payable, interest at 12.0% per annum, due on demand, convertible into common shares of the Company at a conversion rate of $2.50 per common share, unsecured.	$	52,560	$	52,560

	Note Payable, interest at 10.0% per annum, due on demand, convertible into common shares of the Company at a conversion rate of $2.50 per common share, secured by certain Kansas Leases and 10.00% working interest in certain Fountain Green Project Leases (see NOTE 15 LEGAL PROCEEDINGS).		1,300,000		1,300,000

	Note Payable, interest at 10.0% per annum, due March 2014, convertible into common shares of the Company at a conversion rate of $0.60 per common share subject to a ratchet adjustment provision (see NOTE 10 COMMON STOCK), secured by a working interest in certain Kansas and Wyoming leases.		1,310,000		-

	Note Payable, interest at 10.0% per annum, due March 2014, convertible into common shares of the Company at a conversion rate of $0.60 per common share subject to a ratchet adjustment provision (see NOTE 10 COMMON STOCK), secured by a working interest in certain Kansas and Wyoming leases.		150,000		-

	Total Convertible Notes Payable		2,812,560		1,352,560
	Less: Unamortized Debt Discount		-288,475		-
	Less: Current Portion (includes demand notes)		-2,524,085		-1,352,560
	Long-Term Portion	$	-	$	-

OPERATING_LEASES

OPERATING LEASES	9 Months Ended
OPERATING LEASES	Sep. 30, 2013
Leases, Operating [Abstract]	'
Operating Leases of Lessor Disclosure [Text Block]	'
	NOTE 7 OPERATING LEASES

	The Company leases office space in Salt Lake City, Utah (“Premises Lease”) which consists of approximately 5,482 square feet. The Company has a prepaid security deposit of $11,122. The Company entered into a five year and five month lease effective September 1, 2013. The annualized lease obligations for the period September 1, 2013 to August 31, 2014 is $67,155 with annualized lease obligations for the subsequent 4 years in the amount of $115,122. For the nine months ended September 30, 2013 and 2012, the Premises Lease payments were $89,482 and $80,827, respectively.

	The Company leases a printer, copier and fax machine. The Company entered into a new lease with new equipment for 36 months commencing January 11, 2013. The monthly lease payment on the new lease is $654. For the nine months ended September 30, 2013 and 2012, the office machine lease payments were $5,897 and $2,295, respectively.

ASSET_RETIREMENT_OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	9 Months Ended
ASSET RETIREMENT OBLIGATIONS	Sep. 30, 2013
Asset Retirement Obligation Disclosure [Abstract]	'
Asset Retirement Obligation Disclosure [Text Block]	'
	NOTE 8 ASSET RETIREMENT OBLIGATIONS

	FASB ASC 410 requires that an asset retirement obligation (“ARO”) associated with the retirement of a tangible long-lived asset be recognized as a liability in the period in which it is incurred and becomes determinable. Under this method, when liabilities for dismantlement and abandonment costs, excluding salvage values, are initially recorded, the carrying amount of the related oil and gas properties is increased. The fair value of the ARO asset and liability is measured using expected future cash outflows discounted at the Company’s credit-adjusted risk-free interest rate. Accretion of the liability is recognized each period using the interest method of allocation, and the capitalized cost is depleted using the units of production method. Should either the estimated life or the estimated abandonment costs of a property change materially upon the Company’s periodic review, a new calculation is performed using the same methodology of taking the abandonment cost and inflating it forward to its abandonment date and then discounting it back to the present using the Company’s credit-adjusted-risk-free rate. The carrying value of the asset retirement obligation is adjusted to the newly calculated value, with a corresponding offsetting adjustment to the carrying cost of the related asset.

	The following table summarizes the Company’s asset retirement obligation transactions recorded in accordance with the provisions of FASB ASC 410 during the nine months ended September 30, 2013:

		September 30,
		2013
	Beginning asset retirement obligation, as of December 31, 2012	$	482,157
	Liabilities incurred in the current period		17,294
	Liabilities settled in the current period		-57,839
	Accretion of discount on asset retirement obligations		6,578
	Revisions of previous estimates		13,598
	Ending asset retirement obligations, as of September 30, 2013	$	461,788

PREFERRED_STOCK

PREFERRED STOCK	9 Months Ended
PREFERRED STOCK	Sep. 30, 2013
Equity [Abstract]	'
Preferred Stock [Text Block]	'
	NOTE 9 PREFERRED STOCK

	As of September 30, 2013 and December 31, 2012, the Company had 50,000,000 shares of preferred stock authorized at a par value of $0.001 per share and had no shares of preferred stock issued or outstanding.

COMMON_STOCK

COMMON STOCK	9 Months Ended
COMMON STOCK	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	NOTE 10 COMMON STOCK

	During the nine months ended September 30, 2013, the Company issued 1,166,750 shares of common stock to unaffiliated investors and one director for cash of $1,069,000 at a price between $0.80 and $2.50 per share. In addition, the Company granted warrants to purchase up to 765,375 shares of common stock with an exercise price between $1.00 and $2.50 per share that expire between April 2013 and June 2014. Subsequent to the original issuance, warrants that were granted with an exercise price of $2.50 per share were repriced to $1.00 per share and warrants that expired in April 2013 were extended to December 2013 (see NOTE 11 WARRANTS TO PURCHASE COMMON STOCK).

	During the nine months ended September 30, 2013, the Company issued 4,037,768 shares of common stock to unaffiliated debt holders at a negotiated price between $0.60 and $0.80 per share for the extinguishment or reduction of notes payable, accrued interest, extension and conversion incentives, and issuance of new debt. The fair value of these shares at the time of issuance was $2,473,119. In addition, the Company granted warrants to purchase up to 3,032,853 shares of common stock with an exercise price of $1.00 that expire between April 2014 and December 2014.

	During the nine months ended September 30, 2013, the Company issued 10,000 shares of common stock at a negotiated price of $0.80 per share as partial consideration for the purchase of two leases in the HUOP Freedom Trend Project. The fair value of these shares at the time of purchase was $8,500.

	During the nine months ended September 30, 2013, the Company issued 1,102,064 shares of common stock at a negotiated conversion price between $0.80 and $2.50 per share to creditors, consultants, directors, officers and other employees as payment for outstanding payables. The fair value of the shares at the time of conversion was $888,807. In addition, the Company granted warrants to certain consultants to purchase up to 21,250 shares of common stock with an exercise price of $1.00 that expire in June 2014.

	During the nine months ended September 30, 2013, the Company issued 288,473 shares of common stock at a negotiated price between $0.80 and $2.50 per share to consultants and directors as compensation for services. The shares issued were fully vested and the fair value of the shares issued in the amount of $250,798 was expensed on the date of grant.

	During the nine months ended September 30, 2013, the Company issued 61,209 shares of common stock to two unaffiliated investors as the result of a ratchet provision on stock that was purchased for $5.00 per share that required the Company to issue additional shares of stock at no cost to the investor to make the effective price per share $2.50.

	During the nine months ended September 30, 2013, two unaffiliated investors returned 25,626 shares of common stock, valued at $25,626, or $1.00 per share, and paid us $120,000 in cash to purchase a 20.00% working interest in our Wasatch National Forest #16-15 Well for a total value of $145,626. The shares were returned to the Company and subsequently cancelled.

	The Company has 2,396,222 shares of common stock outstanding which were issued between May 2013 and June 2013 pursuant to written subscription agreements. As part of the agreements, a ratchet provision was included that in the event the Company sells shares of common stock or convertible securities at any time prior to December 31, 2013 at a price per share less than $0.80, the Company contractually agrees to issue an additional amount of shares of common stock to make the effective price of the shares of common stock equal to the price per share of common stock that were sold for less than $0.80. Further, the Company has 2,530,357 shares of common stock outstanding which were also issued between June 2013 and September 2013 pursuant to written subscription agreements. As part of the agreements, a ratchet provision was included that in the event the Company sells shares of common stock or convertible securities at any time prior to December 31, 2013 at a price per share less than $0.60, the Company contractually agrees to issue an additional amount of shares of common stock to make the effective price of the shares of common stock equal to the price per share of common stock that were sold for less than $0.60.

	These ratchet provisions are accounted for under the provisions of FASB ASC 815 which dictate the provisions to be accounted as embedded derivatives. These standards require the Company to determine the fair value of the ratchet provision and record a corresponding derivative liability in the financial statements. (See NOTE 13 FAIR VALUE). As of September 30, 2013, the Company is required to issue 798,741 shares of common stock under the terms of the $0.80 ratchet provision. The Company intends to issue these shares before December 31, 2013.

WARRANTS_TO_PURCHASE_COMMON_ST

WARRANTS TO PURCHASE COMMON STOCK	9 Months Ended
WARRANTS TO PURCHASE COMMON STOCK	Sep. 30, 2013
Warrants To Purchase Common Stock Disclosure [Abstract]	'
Warrants to Purchase Common Stock Disclosure [Text Block]	'
	NOTE 11 WARRANTS TO PURCHASE COMMON STOCK

	As of September 30, 2013, there were 5,685,964 warrants to purchase shares of common stock outstanding and fully vested. These warrants have an exercise price between $1.00 and $5.00 per share and expire at various times between December 2013 and September 2015.

	During the nine months ended September 30, 2013, certain previously issued warrants with an exercise price between $2.50 and $5.00 were modified to an exercise price of $1.00 and warrants that had an expiration date of April 2013 were modified to expire in December 2013. The fair value of the modification in the amount of $162,894 was expensed during the nine months ended September 30, 2013.

	During the nine months ended September 30, 2013, warrants totaling 4,451,478 for shares of common stock were granted.

	Of the total warrants granted during the nine months ended September 30, 2013, 765,375 warrants were granted in conjunction with private placements of common stock for cash proceeds (see NOTE 10 COMMON STOCK) that have an exercise price of $1.00 per share and expire between December 2013 and June 2014.

	The remaining 3,686,103 warrants granted during the nine months ended September 30, 2013, were issued in conjunction with the extinguishment of certain debt and in conjunction with the payment for services. These transactions are accounted for by the Company under the provisions of FASB ASC 470 and 505. These standards require the Company to determine the fair value of the warrants. The Company uses the Black-Scholes option valuation model to calculate the fair value of warrants at the date of grant. Warrant pricing models require the input of highly subjective assumptions, including the expected price volatility. For warrants granted, the Company used a variety of comparable and peer companies as well as its own stock trading history to determine the expected volatility. The Company believes the use of peer company data fairly represents the expected volatility it would experience if the Company was more actively publicly traded in the oil and gas industry over the contractual term of the warrants. Changes in these assumptions can materially affect the fair value estimate.

	During the nine months ended September 30, 2013, the Company has determined the fair value of the 3,686,103 warrants granted to be $632,651, of which $595,774 has been expensed in the period.

	The following is the weighted average of the assumptions used in calculating the fair value of the warrants granted during the period using the Black-Scholes model:

		Nine Months Ended
		September 30, 2013
	Fair market value	$	0.63
	Exercise price	$	1

	Risk free rates		0.12	%
	Dividend yield		0	%
	Expected volatility		112.51	%
	Contractual term		1.00 Years

	The weighted-average fair market value at the date of grant for warrants granted are as follows:

	Fair value per warrant	$	0.1716
	Total warrants granted		3,686,103
	Total fair value of warrants granted	$	632,651

	The following table summarizes the Company’s total warrant activity for the nine months ended September 30, 2013:

							Weighted-
							Average
					Weighted-		Remainder
					Average		Contractual
		Warrants			Exercise Price		Term in Years

	Warrants outstanding as of December 31, 2012		2,166,874		$	2.58		1.32
	Granted		4,451,478		$	1		1
	Exercised		-			-		-
	Forfeited/Expired		-932,388			-		-
	Warrants outstanding as of September 30, 2013		5,685,964		$	1.29		0.82

EMPLOYEE_STOCK_OPTIONS

EMPLOYEE STOCK OPTIONS	9 Months Ended
EMPLOYEE STOCK OPTIONS	Sep. 30, 2013
Employee Stock Option Disclosure [Abstract]	'
Employee Stock Option Disclosure [Text Block]	'
	NOTE 12 EMPLOYEE STOCK OPTIONS

	In May 2013, the Company announced the appointment of Alan D. Gaines as Chairman of the Board of Directors and as part of his compensation package, the Company awarded Mr. Gaines 3,500,000 common stock options with an exercise price of $1.00 and expire in May 2020. The options vest 50% upon the earlier of six months or the Company obtaining funding in excess of $3 million, 25% after one year and 25% after two years. The Company accounts for employee stock options according to FASB ASC 718 which requires the Company to calculate the fair value of the stock option on the date of grant and amortize over the vesting period of the options.

	The following are the assumptions used in calculating the fair value of the options granted on May 6, 2013 using the Black-Scholes model:

	Fair market value		$	0.8
	Exercise price		$	1
	Risk free rate			0.11	%
	Dividend yield			0	%
	Expected volatility			71.29	%
	Expected life			4.08 Years

	The Company used a variety of comparable and peer companies to determine the expected volatility. The Company believes the use of peer company data fairly represents the expected volatility it would experience if the Company was more actively publicly traded in the oil and gas industry over the expected life of the options. The Company has no historical data regarding the expected life of the options and therefore used the simplified method of calculating the expected life. The risk free rate was calculated using the U.S. Treasury constant maturity rates similar to the expected life of the options, as published by the Federal Reserve. The Company has no plans to declare any future dividends.

	The following table summarizes the Company’s total option activity for the nine months ended September 30, 2013:

								Remaining
		Options			Exercise Price			Term in Years

	Options outstanding as of December 31, 2012		-			-			-
	Granted		3,500,000		$	1			7
	Exercised		-			-			-
	Forfeited/Expired		-			-			-
	Options outstanding as of September 30, 2013		3,500,000		$	1			6.6

	Outstanding and exercisable stock options as of September 30, 2013 are as follows:

	Options Outstanding								Options Exercisable
	Number of		Remaining						Number of
	Options		Life			Exercise			Options		Exercise
	Outstanding		(Years)			Price			Exercisable		Price
	3,500,000			6.65		$	1			-		-

	The estimated fair value of the Company stock options, less expected forfeitures, is amortized over the options vesting period on the straight-line basis. The Company recognized the following equity-based compensation expenses during the nine months ended September 30, 2013:

			Nine Months Ended
			September 30, 2013
	Stock based compensation expense		$	489,628
	Income tax benefit recognized related to stock-based compensation			-
	Income tax benefit realized from the exercising and vesting of options			-

	As of September 30, 2013, there was $1,100,390 of total unrecognized compensation cost with a remaining vesting period of 1.60 years.

	As of September 30, 2013, the intrinsic value of outstanding and vested stock options was as follows:

			September 30, 2013
	Intrinsic value – options outstanding			-
	Intrinsic value – options exercisable			-
	Intrinsic value – options exercised			-

FAIR_VALUE

FAIR VALUE	9 Months Ended
FAIR VALUE	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	NOTE 13 FAIR VALUE

	FASB ASC 820 defines fair value, establishes a framework for measuring fair value under U.S. generally accepted accounting principles and enhances disclosures about fair value measurements. Fair value is defined under FASB ASC 820 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 under FASB ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on three levels of inputs, with the first two inputs considered observable and the last input considered unobservable, that may be used to measure fair value as follows:

		·	Level one — Quoted market prices in active markets for identical assets or liabilities;

		·	Level two — Inputs other than level one inputs that are either directly or indirectly observable; and

		·	Level three — Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.

	Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter. The Company has one liability measured at fair value on a recurring basis, which consists of ratchet provisions in connection with certain issuances of the Company’s common stock (see NOTE 10 COMMON STOCK). As of September 30, 2013 this provision had an estimated fair value of $1,354,503. The Company has no assets that are measured at fair value on a recurring basis.

	The following table presents information about our derivative liability, which was our only financial instrument measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of September 30, 2013:

	Balance at December 31, 2012		$	-
	New Derivative Liability			1,066,932
	Transfers to (from) Level 3			-
	Total (gains)losses included in earnings			287,571
	Issuances			-

	Balance at September, 2013		$	1,354,503

	The fair value of this provision was calculated using the Geometric Brownian Motion methodology with a risk neutral Monte Carlo approach using level three inputs. Assumptions used to calculate the fair value of the ratchet provisions were as follows:

		September 30,
		2013
	Expected term in years		.12 years
	Risk-free interest rates		0.02	%
	Volatility		133.1	%
	Dividend yield		0	%

	In addition to the assumptions above, the Company also takes into consideration whether or not the Company would participate in another round of financing and if that financing is registered or not and what that stock price would be for the financing at that time. The Company will continue to adjust the derivative liability for changes in fair value until the ratchet provision expires on December 31, 2013.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2013
Related Parties Transactions [Abstract]	'
Related Parties Transactions [Text Block]	'
	NOTE 14 RELATED PARTY TRANSACTIONS

	Certain Relationships and Related Transactions

	A.	Douglas C. Hewitt, Sr., Chief Executive Officer and a Director

	An affiliate of Douglas C. Hewitt, Sr., Chief Executive Officer and a Director, is a party to the following transactions with the Company for the nine months ended September 30, 2013 as described below.

	The D. Mack Trust

	⋅ Mr. Hewitt is the sole beneficiary of The D. Mack Trust, an irrevocable trust established by Mr. Hewitt on May 15, 2009. As of September 30, 2013, the D. Mack Trust had ORRIs ranging from 0.50% to 3.625% in 1,636 net acres leased by the Company in Kansas and Oklahoma. The D. Mack Trust received $16,772 and $12,489 in royalties for the nine months ended September 30, 2013 and 2012, respectively, from the overriding royalty interests.

	B.	Joseph P. Tate, a Director

	Joseph P. Tate, a Director, is a party to the following transaction with the Company for the nine months ended September 30, 2013:

	⋅ As of September 30, 2013, Mr. Tate had a 12.50% landowner overriding royalty interest in 1,816 acres within our HUOP Freedom Trend Prospect that we purchased from him prior to him becoming a director. Mr. Tate did not receive any royalties during the nine months ended September 30, 2013 and 2012 relating to his overriding royalty interest.

	⋅ In May 2013, Mr. Tate purchased 250,000 shares of common stock of the Company for cash in the amount of $200,000, or $0.80 per share. The shares are subject to a ratchet provision that in the event the Company sells shares of common stock or convertible securities at any time prior to December 31, 2013 at a price per share less than $0.80, the Company shall issue an additional amount of shares of common stock to make the effective price of the shares of common stock equal to the price per share of common stock that were sold for less than $0.80. In addition, the Company granted warrants to Mr. Tate to purchase up to 125,000 shares of common stock with an exercise price of $1.00 that expire in May 2014 (see NOTE 10 COMMON STOCK).

	C.	Alan D. Gaines, Chairman of the Board

	Alan D. Gaines, Chairman of the Board of Directors, is a party to the following transaction with the Company for the nine months ended September 30, 2013:

	⋅ In May 2013, the Company announced the appointment of Alan D. Gaines as Chairman of the Board of Directors and as part of his compensation package, the Company awarded Mr. Gaines 3,500,000 common stock options with an exercise price of $1.00 and expire in May 2020. The options vest 50% upon the earlier of six months or the Company obtaining funding in excess of $3 million, 25% after one year and 25% after two years (see NOTE 12 EMPLOYEE STOCK OPTIONS).

LEGAL_PROCEEDINGS

LEGAL PROCEEDINGS	9 Months Ended
LEGAL PROCEEDINGS	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Legal Matters and Contingencies [Text Block]	'
	NOTE 15 LEGAL PROCEEDINGS

	Nostra Terra Oil & Gas Company v. Richfield Oil & Gas Company

	On February 1, 2012, Nostra Terra Oil &Gas Company (“NTOG”) filed an action against the Company, HPI, HEGINC, and HEGLLC in the Twenty-Third Judicial District Court of Russell County, Kansas (the “Court”). The complaint alleges that the Company defaulted on its repayment obligations under a note and security agreement, dated April 13, 2011, in the principal amount of $1,300,000 and accrued interest at 10% per annum (the “Note”). On April 2, 2013, NTOG obtained a judgment against the Company in the principal sum of $1,300,000 plus $245,040 in accrued interest through March 1, 2013 (the “Judgment”). In addition, NTOG is claiming amounts for legal fees and production costs. Between May 2, 2013 and September 9, 2013 the Company deposited the sum of $1,639,403 with the Court for the payment of the Judgment, additional accrued interest, and all legal fees and production costs. At a hearing on September 11, 2013 the Court released all writs of execution and or garnishments pursuant to the Judgment. The Court has set December 18, 2013 for determination that all amounts due pursuant to the Judgment have been paid. The obligations due and owing under this note and security agreement are fully accounted for in the Company’s financial statements as of September 30, 2013. The liability of $1,300,000 has been included in the Company’s financial statements under “Convertible notes payable” and the interest, legal fees and production expense amounts have been included in the Company’s “Accrued expenses and other payables”. Notwithstanding the foregoing, the Company has maintained its cross-claim against NTOG for intentional interference with our business relations and accounting.

	Litigation in the Ordinary Course

	We may become involved in litigation from time to time relating to claims arising in the ordinary course of our business. We do not believe that the ultimate resolution of such claims would have a material effect on our business, results of operations, financial condition or cash flows. However, the results of these matters cannot be predicted with certainty, and an unfavorable resolution of one or more of these matters could have a material effect on our business, results of operations, financial condition and cash flows.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 16 SUBSEQUENT EVENTS

	In October 2013, the Company issued 147,000 shares of common stock to a consultant as compensation for services. The shares issued are fully vested and the fair value of the shares on the date of issuance was $58,800.

	In October 2013, the Company issued 187,834 shares of common stock to a note holder pursuant to a conversion notice to convert $34,862 in principal and interest in accordance with the terms of the note. The shares were issued at a conversion rate of $0.19 per share and the fair value of the shares on the date of issuance was $88,282.

	In October 2013, at a hearing regarding our litigation with NTOG, the Court ordered $1,150,000 of the amount held by the Court to be distributed to NTOG. The remaining balance of the funds will continue to be held pending the outcome of the hearing on December 18, 2013. The Court also ordered the immediate transfer of operations three wells from NTOG to the Company.

	In October 2013, the Company sold a 51.25% working interest in the Wasatch National Forest #16-15 well located in Wyoming to two unaffiliated investors for $512,500 with payments of $112,500 in cash and the cancellation of $400,000 of notes payable.

SIGNIFICANT_ACCOUNTING_POLICIE1

SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2013
Accounting Policies [Abstract]	'
Earnings Per Share, Policy [Policy Text Block]	'
	Loss Per Common Share

	Basic earnings per share (“EPS”) is computed by dividing net income (loss) (the numerator) by the weighted-average number of common shares outstanding for the period (the denominator). Diluted EPS is computed by dividing net income (loss) by the weighted-average number of common shares and potential common shares outstanding (if dilutive) during each period. Potential common shares include common shares to be issued related to warrants outstanding, convertible debentures, stock options, and stock pending issue under the ratchet provision. The number of potential common shares outstanding is computed using the treasury stock method.

	As the Company has incurred losses for the nine months ended September 30, 2013 and 2012, the potentially dilutive shares are anti-dilutive and are thus not added into the loss per share calculations. As of September 30, 2013 and 2012, there were 12,959,062 and 3,553,591 potentially dilutive shares, respectively.

Reclassification, Policy [Policy Text Block]	'
	Reclassifications

	Certain prior period balances have been reclassified to conform to the current period presentation. Such reclassifications had no impact on net loss, statements of cash flows, working capital or equity previously reported.

Financial Instruments and Concentration of Risks [Policy Text Block]	'
	Financial Instruments and Concentration of Risks

	The Company’s financial instruments include cash and cash equivalents, accounts receivable and accounts payable. The carrying amount of cash and cash equivalents, accounts receivable, and accounts payable approximate fair value because of their immediate or short-term maturities.

	Substantially all of the Company’s accounts receivable result from oil and gas sales and joint interest billings (“JIBs”) to third parties in the oil and gas industry. This concentration of customers and joint interest owners may impact the Company’s overall credit risk in that these entities may be similarly affected by changes in economic and other conditions. As of September 30, 2013, 67% of the accounts receivable balance resulted from three entities. For the nine months ended September 30, 2013, 98% of the revenues resulted from producing wells in Kansas, and for the nine months ended September 30 2012, all of the revenues resulted from producing wells in Kansas.

NOTES_PAYABLE_Tables

NOTES PAYABLE (Tables)	9 Months Ended
NOTES PAYABLE (Tables)	Sep. 30, 2013
Notes Payable Disclosure [Abstract]	'
Schedule of Notes Payable [Table Text Block]	'
	Notes Payable consists of the following:

		September 30,		December 31,
		2013		2012
	Note Payable, interest at 12.0% per annum, monthly payments of $7,500, due October 2013, secured by a 5.00% working interest in certain HUOP Freedom Trend Prospect leases.	$	-	$	750,000

	Note Payable, interest at 10.0% per annum, monthly payments of $3,200, secured by a 1.00% working interest in certain HUOP Freedom Trend Prospect leases.		-		366,709

	Note Payable, interest at 7.5% per annum, monthly payments of $1,949, due January 2014, secured by vehicle.		14,012		24,759

	Note Payable, interest at 10.0% per annum, monthly payments of $15,000, due June 2014, secured by a 10.00% working interest in certain HUOP Freedom Trend Prospect leases.		581,327		716,327

	Note Payable, interest at 10.0% per annum, monthly payments of $5,000, secured by a 1.00% working interest in certain HUOP Freedom Trend Prospect leases.		-		87,056

	Note Payable, interest at 0.0% per annum, monthly payments of $1,500, due on demand, unsecured.		-		7,380

	Note Payable, interest at 8.0% per annum, monthly payments of $10,000, due on demand, unsecured.		94,701		115,879

	Note Payable, interest at 10.0% per annum, secured by certain new leases, rights, and interests in the Central Utah Overthrust Project.		-		250,000

	Note Payable, interest at 6.0% per annum, quarterly payments of $50,000, due January 2014, secured by a 10.00% working interest in the Liberty Prospect.		439,000		589,000

	Note Payable, interest at 0.0% per annum, unsecured.		-		190,000

	Note Payable, interest at 0.0% per annum, due on demand, unsecured		15,000		-

	Note Payable, interest at 10.0% per annum, secured by a 1.00% working interest in certain HUOP Freedom Trend Prospect leases.		-		65,000

	Note Payable, interest at 12.0% per annum, due on demand, secured by a 10.00% working interest in the Liberty Prospect.		66,198		-

	Note Payable, interest at 12.0% per annum, due on demand, secured by a 10.00% working interest in the Liberty Prospect.		50,000		-

	Note Payable, interest at 12.0% per annum, due on demand, secured by a 10.00% working interest in the Liberty Prospect.		50,000		-

	Note Payable, interest at 8.0% per annum, due on demand, secured by a working interest in certain Kansas leases.		100,000		-

	Note Payable, interest at 8.0% per annum, due on demand, secured by a working interest in certain Kansas leases.		100,000		-

	Total Notes Payable		1,510,238		3,162,110
	Less: Current Portion (includes demand notes)		-1,510,238		-1,487,419
	Long-Term Portion	$	-	$	1,674,691

CONVERTIBLE_NOTES_PAYABLE_Tabl

CONVERTIBLE NOTES PAYABLE (Tables)	9 Months Ended
CONVERTIBLE NOTES PAYABLE (Tables)	Sep. 30, 2013
Convertible Notes Payable Disclosure [Abstract]	'
Schedule of Convertible Notes Payable [Table Text Block]	'
	Convertible Notes Payable consists of the following:

		September 30,		December 31,
		2013		2012
	Note Payable, interest at 12.0% per annum, due on demand, convertible into common shares of the Company at a conversion rate of $2.50 per common share, unsecured.	$	52,560	$	52,560

	Note Payable, interest at 10.0% per annum, due on demand, convertible into common shares of the Company at a conversion rate of $2.50 per common share, secured by certain Kansas Leases and 10.00% working interest in certain Fountain Green Project Leases (see NOTE 15 LEGAL PROCEEDINGS).		1,300,000		1,300,000

	Note Payable, interest at 10.0% per annum, due March 2014, convertible into common shares of the Company at a conversion rate of $0.60 per common share subject to a ratchet adjustment provision (see NOTE 10 COMMON STOCK), secured by a working interest in certain Kansas and Wyoming leases.		1,310,000		-

	Note Payable, interest at 10.0% per annum, due March 2014, convertible into common shares of the Company at a conversion rate of $0.60 per common share subject to a ratchet adjustment provision (see NOTE 10 COMMON STOCK), secured by a working interest in certain Kansas and Wyoming leases.		150,000		-

	Total Convertible Notes Payable		2,812,560		1,352,560
	Less: Unamortized Debt Discount		-288,475		-
	Less: Current Portion (includes demand notes)		-2,524,085		-1,352,560
	Long-Term Portion	$	-	$	-

ASSET_RETIREMENT_OBLIGATIONS_T

ASSET RETIREMENT OBLIGATIONS (Tables)	9 Months Ended
ASSET RETIREMENT OBLIGATIONS (Tables)	Sep. 30, 2013
Asset Retirement Obligation Disclosure [Abstract]	'
Schedule of Asset Retirement Obligations [Table Text Block]	'
	The following table summarizes the Company’s asset retirement obligation transactions recorded in accordance with the provisions of FASB ASC 410 during the nine months ended September 30, 2013:

		September 30,
		2013
	Beginning asset retirement obligation, as of December 31, 2012	$	482,157
	Liabilities incurred in the current period		17,294
	Liabilities settled in the current period		-57,839
	Accretion of discount on asset retirement obligations		6,578
	Revisions of previous estimates		13,598
	Ending asset retirement obligations, as of September 30, 2013	$	461,788

WARRANTS_TO_PURCHASE_COMMON_ST1

WARRANTS TO PURCHASE COMMON STOCK (Tables)	9 Months Ended
WARRANTS TO PURCHASE COMMON STOCK (Tables)	Sep. 30, 2013
Warrants To Purchase Common Stock Disclosure [Abstract]	'
Schedule of Assumptions Used [Table Text Block]	'
	The following is the weighted average of the assumptions used in calculating the fair value of the warrants granted during the period using the Black-Scholes model:

		Nine Months Ended
		September 30, 2013
	Fair market value	$	0.63
	Exercise price	$	1

	Risk free rates		0.12	%
	Dividend yield		0	%
	Expected volatility		112.51	%
	Contractual term		1.00 Years

Schedule of Fair Market Value at Date of Grant for Warrants Granted [Table Text Block]	'
	The weighted-average fair market value at the date of grant for warrants granted are as follows:

	Fair value per warrant	$	0.1716
	Total warrants granted		3,686,103
	Total fair value of warrants granted	$	632,651

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Warrant Outstanding [Table Text Block]	'
	The following table summarizes the Company’s total warrant activity for the nine months ended September 30, 2013:

							Weighted-
							Average
					Weighted-		Remainder
					Average		Contractual
		Warrants			Exercise Price		Term in Years

	Warrants outstanding as of December 31, 2012		2,166,874		$	2.58		1.32
	Granted		4,451,478		$	1		1
	Exercised		-			-		-
	Forfeited/Expired		-932,388			-		-
	Warrants outstanding as of September 30, 2013		5,685,964		$	1.29		0.82

EMPLOYEE_STOCK_OPTIONS_Tables

EMPLOYEE STOCK OPTIONS (Tables)

9 Months Ended

Sep. 30, 2013

Employee Stock Option Disclosure [Abstract]

Schedule of Assumptions Used In Employee Stock Option [Table Text Block]

The following are the assumptions used in calculating the fair value of the options granted on May 6, 2013 using the Black-Scholes model:

Fair market value

0.8

Exercise price

Risk free rate

0.11

Dividend yield

Expected volatility

71.29

Expected life

4.08 Years

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes the Company’s total option activity for the nine months ended September 30, 2013:

Remaining

Options

Exercise Price

Term in Years

Options outstanding as of December 31, 2012

Granted

3,500,000

Exercised

Forfeited/Expired

Options outstanding as of September 30, 2013

3,500,000

6.6

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]

Outstanding and exercisable stock options as of September 30, 2013 are as follows:

Options Outstanding

Options Exercisable

Number of

Remaining

Number of

Options

Life

Exercise

Options

Exercise

Outstanding

(Years)

Price

Exercisable

Price

3,500,000

6.65

Schedule of Share-based Compensation, Activity [Table Text Block]

The Company recognized the following equity-based compensation expenses during the nine months ended September 30, 2013:

Nine Months Ended

September 30, 2013

Stock based compensation expense

489,628

Income tax benefit recognized related to stock-based compensation

Income tax benefit realized from the exercising and vesting of options

Schedule Of Intrinsic Value of Outstanding And Vested Stock Options [Table Text Block]

As of September 30, 2013, the intrinsic value of outstanding and vested stock options was as follows:

September 30, 2013

Intrinsic value – options outstanding

Intrinsic value – options exercisable

Intrinsic value – options exercised

FAIR_VALUE_Tables

FAIR VALUE (Tables)	9 Months Ended
FAIR VALUE (Tables)	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	'
	The following table presents information about our derivative liability, which was our only financial instrument measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of September 30, 2013:

	Balance at December 31, 2012		$	-
	New Derivative Liability			1,066,932
	Transfers to (from) Level 3			-
	Total (gains)losses included in earnings			287,571
	Issuances			-

	Balance at September, 2013		$	1,354,503

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	'
	The fair value of this provision was calculated using the Geometric Brownian Motion methodology with a risk neutral Monte Carlo approach using level three inputs. Assumptions used to calculate the fair value of the ratchet provisions were as follows:

		September 30,
		2013
	Expected term in years		.12 years
	Risk-free interest rates		0.02	%
	Volatility		133.1	%
	Dividend yield		0	%

ORGANIZATION_AND_NATURE_OF_BUS1

ORGANIZATION AND NATURE OF BUSINESS (Details Textual)	Sep. 30, 2013
ORGANIZATION AND NATURE OF BUSINESS (Details Textual)	acre
Gas and Oil Area, Developed and Undeveloped, Gross	39,000

GOING_CONCERN_Details_Textual

GOING CONCERN (Details Textual) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
GOING CONCERN (Details Textual) (USD $)	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Net Income (Loss) Attributable to Parent	$2,319,384	$1,118,824	$6,056,185	$4,035,809	$7,993,196
Retained Earnings (Accumulated Deficit)	$37,261,192	'	$37,261,192	'	$31,179,408

SIGNIFICANT_ACCOUNTING_POLICIE2

SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	9 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	Sep. 30, 2013	Sep. 30, 2012
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	12,959,062	3,553,591
Percentage of Accounts Receivable Balance Related Parties	67.00%	'
Percentage Of Revenue Resulted From Producing Wells	98.00%	'

OIL_AND_NATURAL_GAS_PROPERTIES1

OIL AND NATURAL GAS PROPERTIES (Details Textual) (USD $)	1 Months Ended
	31-May-13	Jan. 31, 2013	31-May-13	Jun. 30, 2013	Jul. 31, 2013	Jan. 31, 2013	Mar. 31, 2013	Jun. 30, 2013
	Huop Freedom Trend Prospects [Member]	Huop Freedom Trend Prospects [Member]	Huop Freedom Trend Project [Member]	Central Utah Overthrust [Member]	Pine SpringsEdwin Prospect [Member]	City of Fountain Green Lease [Member]	Wasatch National Forest Well 16-15 [Member]	Moroni 1 AXZH Well [Member]
	acre	acre	acre	acre		acre		acre
Net Acres for Lease	422	111	1,328	1,707	'	206	'	20,000
Operating Lease Term	'10 years	'10 years	'5 years	'5 years	'	'10 years	'	'
Lessor Leasing Arrangements, Operating Leases, Renewal Term	'	'	'5 years	'5 years	'	'	'	'
Operating Leases, Rent Expense	$6,329	$1,664	$74,387	$59,729	'	'	'	'
Stock Issued During Period, Shares, Acquisitions	'	'	10,000	'	'	'	'	'
Stock Issued During Period, Value, Acquisitions	'	'	8,000	'	'	'	'	'
Stocks Issued During Period,Par Value, Acquisition	'	'	$0.80	'	'	'	'	'
Purchased Leases One Time Payment	'	'	66,387	'	'	140,000	'	'
Working Interest, Percentage	'	'	'	'	2.00%	'	20.00%	2.00%
Sale of Working Interest to Unaffiliated Investors	'	'	'	'	70,000	'	145,626	'
Project Value	'	'	'	'	'	'	'	240,000
Sale of Working Interest Cash Paid	'	'	'	'	'	'	120,000	220,000
Stock Repurchased During Period, Value	'	'	'	'	'	'	$25,626	$20,000
Stock Repurchased During Period, Shares	'	'	'	'	70,000	'	25,626	27,778
Stock Repurchased During Period, Price, Per Share	'	'	'	'	$1	'	$1	$0.72
Share-Based Compensation Arrangement By Share-Based Payment Award, Expiration Date	'	'	'	'	31-Jul-14	'	'	'

NOTES_PAYABLE_Details

NOTES PAYABLE (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Notes Payable	$1,510,238	$3,162,110
Less: Current Portion (includes demand notes)	-1,510,238	-1,487,419
Long-Term Portion	0	1,674,691
Note Payable, interest at 12.0% per annum, monthly payments of $7,500, due October 2013, secured by a 5.00% working interest in certain HUOP Freedom Trend Prospect leases [Member]	'	'
Notes Payable	0	750,000
Note Payable, interest at 10.0% per annum, monthly payments of $3,200, secured by a 1.00% working interest in certain HUOP Freedom Trend Prospect leases [Member]	'	'
Notes Payable	0	366,709
Note Payable, interest at 7.5% per annum, monthly payments of $1,949, due January 2014, secured by vehicle [Member]	'	'
Notes Payable	14,012	24,759
Note Payable, interest at 10.0% per annum, monthly payments of $15,000, due June 2014, secured by a 10.00% working interest in certain HUOP Freedom Trend Prospect leases [Member]	'	'
Notes Payable	581,327	716,327
Note Payable, interest at 10.0% per annum, monthly payments of $5,000, secured by a 1.00% working interest in certain HUOP Freedom Trend Prospect leases [Member]	'	'
Notes Payable	0	87,056
Note Payable, interest at 0.0% per annum, monthly payments of $1,500, due on demand, unsecured [Member]	'	'
Notes Payable	0	7,380
Note Payable, interest at 8.0% per annum, monthly payments of $10,000, due on demand, unsecured [Member]	'	'
Notes Payable	94,701	115,879
Note Payable, interest at 10.0% per annum, secured by certain new leases, rights, and interests in the Central Utah Overthrust Project [Member]	'	'
Notes Payable	0	250,000
Note Payable, interest at 6.0% per annum, quarterly payments of $50,000, due January 2014, secured by a 10% working interest in the Liberty Prospect [Member]	'	'
Notes Payable	439,000	589,000
Note Payable, interest at 0.0% per annum, unsecured [Member]	'	'
Notes Payable	0	190,000
Note Payable, interest at 0.0% per annum, due on demand, unsecured [Member]	'	'
Notes Payable	15,000	0
Note Payable, interest at 10.0% per annum, secured by a 1.00% working interest in certain HUOP Freedom Trend Prospect leases [Member]	'	'
Notes Payable	0	65,000
Note Payable, interest at 12.0% per annum, due on demand, secured by a 10.00% working interest in the Liberty Prospect.	'	'
Notes Payable	66,198	0
Note Payable, interest at 12.0% per annum, due on demand, secured by a 10.00% working interest in the Liberty Prospect[Member]	'	'
Notes Payable	50,000	0
Note Payable, interest at 12.0% per annum, due on demand, secured by a 10.00% working interest in the Liberty Prospect [Member]	'	'
Notes Payable	50,000	0
Note Payable, interest at 8.0% per annum, due on demand, secured by a working interest in certain Kansas leases [Member]	'	'
Notes Payable	100,000	0
Note Payable, interest at 8.0% per annum, due on demand, secured by a working interest in certain Kansas leases [Member]	'	'
Notes Payable	$100,000	$0

NOTES_PAYABLE_Details_Textual

NOTES PAYABLE (Details Textual) (USD $)	9 Months Ended
NOTES PAYABLE (Details Textual) (USD $)	Sep. 30, 2013
Note Payable, interest at 12.0% per annum, monthly payments of $7,500, due October 2013, secured by a 5.00% working interest in certain HUOP Freedom Trend Prospect leases [Member]	'
Notes Payable Interest Bearing Interest Rate	12.00%
Debt Instrument, Periodic Payment	$7,500
Debt Instrument, Payment Terms	'October 2013
Working Interest, Percentage	5.00%
Note Payable, interest at 10.0% per annum, monthly payments of $3,200, secured by a 1.00% working interest in certain HUOP Freedom Trend Prospect leases [Member]	'
Notes Payable Interest Bearing Interest Rate	10.00%
Debt Instrument, Periodic Payment	3,200
Working Interest, Percentage	1.00%
Note Payable, interest at 7.5% per annum, monthly payments of $1,949, due January 2014, secured by vehicle [Member]	'
Notes Payable Interest Bearing Interest Rate	7.50%
Debt Instrument, Periodic Payment	1,949
Debt Instrument, Payment Terms	'January 2014
Note Payable, interest at 10.0% per annum, monthly payments of $15,000, due June 2014, secured by a 10.00% working interest in certain HUOP Freedom Trend Prospect leases [Member]	'
Notes Payable Interest Bearing Interest Rate	10.00%
Debt Instrument, Periodic Payment	15,000
Debt Instrument, Payment Terms	'June 2014
Working Interest, Percentage	10.00%
Note Payable, interest at 10.0% per annum, monthly payments of $5,000, secured by a 1.00% working interest in certain HUOP Freedom Trend Prospect leases [Member]	'
Notes Payable Interest Bearing Interest Rate	10.00%
Debt Instrument, Periodic Payment	5,000
Working Interest, Percentage	1.00%
Note Payable, interest at 0.0% per annum, monthly payments of $1,500, due on demand, unsecured [Member]	'
Notes Payable Interest Bearing Interest Rate	0.00%
Debt Instrument, Periodic Payment	1,500
Debt Instrument, Payment Terms	'due on demand
Note Payable, interest at 8.0% per annum, monthly payments of $10,000, due on demand, unsecured [Member]	'
Notes Payable Interest Bearing Interest Rate	8.00%
Debt Instrument, Periodic Payment	10,000
Debt Instrument, Payment Terms	'due on demand
Note Payable, interest at 10.0% per annum, secured by certain new leases, rights, and interests in the Central Utah Overthrust Project [Member]	'
Notes Payable Interest Bearing Interest Rate	10.00%
Note Payable, interest at 6.0% per annum, quarterly payments of $50,000, due January 2014, secured by a 10% working interest in the Liberty Prospect [Member]	'
Notes Payable Interest Bearing Interest Rate	6.00%
Debt Instrument, Periodic Payment	$50,000
Debt Instrument, Payment Terms	'January 2014
Working Interest, Percentage	10.00%
Note Payable, interest at 0.0% per annum, unsecured [Member]	'
Notes Payable Interest Bearing Interest Rate	0.00%
Note Payable, interest at 0.0% per annum, due on demand, unsecured [Member]	'
Notes Payable Interest Bearing Interest Rate	0.00%
Debt Instrument, Payment Terms	'due on demand
Note Payable, interest at 10.0% per annum, secured by a 1.00% working interest in certain HUOP Freedom Trend Prospect leases [Member]	'
Notes Payable Interest Bearing Interest Rate	10.00%
Working Interest, Percentage	1.00%
Note Payable, interest at 12.0% per annum, due on demand, secured by a 10.00% working interest in the Liberty Prospect [Member]	'
Notes Payable Interest Bearing Interest Rate	12.00%
Debt Instrument, Payment Terms	'due on demand
Working Interest, Percentage	10.00%
Note Payable, interest at 12.0% per annum, due on demand, secured by a 10.00% working interest in the Liberty Prospect[Member]	'
Notes Payable Interest Bearing Interest Rate	12.00%
Debt Instrument, Payment Terms	'due on demand
Working Interest, Percentage	10.00%
Note Payable, interest at 12.0% per annum, due on demand, secured by a 10.00% working interest in the Liberty Prospect [Member]	'
Notes Payable Interest Bearing Interest Rate	12.00%
Debt Instrument, Payment Terms	'due on demand
Working Interest, Percentage	10.00%
Note Payable, interest at 8.0% per annum, due on demand, secured by a working interest in certain Kansas leases [Member]	'
Notes Payable Interest Bearing Interest Rate	8.00%
Debt Instrument, Payment Terms	'due on demand
Note Payable, interest at 8.0% per annum, due on demand, secured by a working interest in certain Kansas leases [Member]	'
Notes Payable Interest Bearing Interest Rate	8.00%
Debt Instrument, Payment Terms	'due on demand

CONVERTIBLE_NOTES_PAYABLE_Deta

CONVERTIBLE NOTES PAYABLE (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Convertible Notes Payable	$2,812,560	$1,352,560
Less: Unamortized Debt Discount	-288,475	'
Less: Current Portion (includes demand notes)	-2,524,085	-1,352,560
Long-Term Portion	0	0
Note Payable, interest at 12.0% per annum, due on demand, convertible into common shares of the Company at a conversion rate of $2.50 per common share, unsecured [Member]	'	'
Convertible Notes Payable	52,560	52,560
Note Payable, interest at 10.0% per annum, due on demand, convertible into common shares of the Company at a conversion rate of $2.50 per common share, secured by certain Kansas Leases and 10.00% working interest in certain Fountain Green Project Leases (see NOTE 15 LEGAL PROCEEDINGS) [Member]	'	'
Convertible Notes Payable	1,300,000	1,300,000
Note Payable, interest at 10.0% per annum, due March 2014, convertible into common shares of the Company at a conversion rate of $0.60 per common share subject to a ratchet adjustment provision (see NOTE 10 COMMON STOCK), secured by a working interest in certain Kansas and Wyoming leases One [Member]	'	'
Convertible Notes Payable	1,310,000	0
Note Payable, interest at 10.0% per annum, due March 2014, convertible into common shares of the Company at a conversion rate of $0.60 per common share subject to a ratchet adjustment provision (see NOTE 10 COMMON STOCK), secured by a working interest in certain Kansas and Wyoming leases Two [Member]	'	'
Convertible Notes Payable	$150,000	$0

CONVERTIBLE_NOTES_PAYABLE_Deta1

CONVERTIBLE NOTES PAYABLE (Details Textual) (USD $)	Sep. 30, 2013
Note Payable, interest at 12.0% per annum, due on demand, convertible into common shares of the Company at a conversion rate of $2.50 per common share, unsecured [Member]	'
Notes Payable Interest Bearing Interest Rate	12.00%
Debt Instrument, Convertible, Conversion Price	$2.50
Note Payable, interest at 10.0% per annum, due on demand, convertible into common shares of the Company at a conversion rate of $2.50 per common share, secured by certain Kansas Leases and 10.00% working interest in certain Fountain Green Project Leases (see NOTE 15 LEGAL PROCEEDINGS) [Member]	'
Notes Payable Interest Bearing Interest Rate	10.00%
Debt Instrument, Convertible, Conversion Price	$2.50
Working Interest, Percentage	10.00%
Note Payable, interest at 10.0% per annum, due March 2014, convertible into common shares of the Company at a conversion rate of $0.60 per common share subject to a ratchet adjustment provision (see NOTE 10 COMMON STOCK), secured by a working interest in certain Kansas and Wyoming leases One [Member]	'
Notes Payable Interest Bearing Interest Rate	10.00%
Debt Instrument, Convertible, Conversion Price	$0.60
Note Payable, interest at 10.0% per annum, due March 2014, convertible into common shares of the Company at a conversion rate of $0.60 per common share subject to a ratchet adjustment provision (see NOTE 10 COMMON STOCK), secured by a working interest in certain Kansas and Wyoming leases Two [Member]	'
Notes Payable Interest Bearing Interest Rate	10.00%
Debt Instrument, Convertible, Conversion Price	$0.60

OPERATING_LEASES_Details_Textu

OPERATING LEASES (Details Textual) (USD $)	9 Months Ended
OPERATING LEASES (Details Textual) (USD $)	Sep. 30, 2013	Sep. 30, 2012
Operating Lease, Expiration Period	'36 months	'
Operating Leases, Rent Expense, Net	$5,897	$2,295
Salt Lake City [Member]	'	'
Area Of Office Space	5,482	'
Prepaid Security Deposit	11,122	'
Operating Lease, Expiration Period	'September 1, 2013 to August 31, 2014	'
Operating Leases, Future Minimum Payments Due, Next Twelve Months	67,155	'
Operating Leases, Future Minimum Payments, Due in Two Years	115,122	'
Operating Leases, Future Minimum Payments, Due in Three Years	115,122	'
Operating Leases, Future Minimum Payments, Due in Four Years	115,122	'
Operating Leases, Future Minimum Payments, Due in Five Years	115,122	'
Operating Leases, Rent Expense, Net	89,482	80,827
Lease Two [Member]	'	'
Operating Leases, Future Minimum Payments, Monthly Due	$654	'

ASSET_RETIREMENT_OBLIGATIONS_D

ASSET RETIREMENT OBLIGATIONS (Details) (USD $)	9 Months Ended
ASSET RETIREMENT OBLIGATIONS (Details) (USD $)	Sep. 30, 2013
Beginning asset retirement obligation	$482,157
Liabilities incurred in the current period	17,294
Liabilities settled in the current period	-57,839
Accretion of discount on asset retirement obligations	6,578
Revisions of previous estimates	13,598
Ending asset retirement obligations	$461,788

PREFERRED_STOCK_Details_Textua

PREFERRED STOCK (Details Textual) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00

COMMON_STOCK_Details_Textual

COMMON STOCK (Details Textual) (USD $)

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Unaffiliated Investors [Member]

Unaffiliated Debt Holders [Member]

Creditors, Consultants, Directors, Officers and Other Employees [Member]

Consultants and Directors [Member]

Two Unaffiliated Investors [Member]

Huop Freedom Trend Project [Member]

Ratchet Provision On Stock [Member]

Minimum [Member]

Maximum [Member]

price per share less than 0.80 [Member]

price per share less than 0.60 [Member]

Two Unaffiliated Investors [Member]

Unaffiliated Investors [Member]

Unaffiliated Debt Holders [Member]

Creditors, Consultants, Directors, Officers and Other Employees [Member]

Consultants and Directors [Member]

Unaffiliated Investors [Member]

Unaffiliated Debt Holders [Member]

Creditors, Consultants, Directors, Officers and Other Employees [Member]

Ratchet Provision On Stock [Member]

Stock Issued During Period, Shares, Issued for Cash

1,166,750

4,037,768

1,102,064

798,741

61,209

Stock Issued During Period, Value, Issued for Cash

$1,069,000

Equity Issuance, Per Share Amount

$2.50

$0.80

$0.60

$0.80

$2.50

$0.80

$2.50

Warrants Issued During Period Acquisition

3,032,853

Warrants Granted To Purchase Of Common Stock Shares

765,375

21,250

Exercise Price Of Warrants

$2.50

Warrants Expiration Date

'June 2014

'December 2014

'June 2014

Stock Issued During Period, Shares, Issued for Noncash Consideration

10,000

Fair value of these shares ,at the time of purchase

2,473,119

888,807

8,500

Stock Issued During Period, Shares, Issued for Services

288,473

Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued

250,798

Stock Repurchased During Period, Value

25,626

Stock Repurchased During Period, Shares

25,626

Stock Repurchased During Period, Price, Per Share

Sale of Working Interest Cash Paid

120,000

Working Interest, Percentage

20.00%

Sale of Working Interest to Unaffiliated Investors

$145,626

Common Stock Price Per Share

$0.80

$0.60

Common Stock, Shares, Outstanding

39,158,830

32,518,192

2,396,222

2,530,357

WARRANTS_TO_PURCHASE_COMMON_ST2

WARRANTS TO PURCHASE COMMON STOCK (Details) (Warrant [Member], USD $)	9 Months Ended
	Sep. 30, 2013
Warrant [Member]	'
Fair market value	$0.63
Exercise price	$1
Risk fee rates	0.12%
Dividend yield	0.00%
Expected volatility	112.51%
Contractual term	'1 year
Fair value per warrant	$0.17
Total warrants granted	3,686,103
Total fair value of warrants granted	$632,651

WARRANTS_TO_PURCHASE_COMMON_ST3

WARRANTS TO PURCHASE COMMON STOCK (Details 1) (Warrant [Member], USD $)	9 Months Ended
	Sep. 30, 2013
Warrant [Member]	'
Warrants outstanding, Beginning balance	2,166,874
Warrants, Granted	4,451,478
Warrants, Exercised	0
Warrants, Forfeited/Expired	-932,388
Warrants outstanding, Ending balance	5,685,964
Weighted-Average Exercise Price, Warrants outstanding, Beginning balance	$2.58
Weighted-Average Exercise Price, Granted	$1
Weighted- Average Exercise Price, Exercised	$0
Weighted- Average Exercise Price, Forfeited/Expired	$0
Weighted- Average Exercise Price, Warrants outstanding, Ending balance	$1.29
Weighted-Average Remainder Contractual Term in Years, Warrants outstanding Beginning Balance	'1 year 3 months 25 days
Weighted-Average Remainder Contractual Term in Years, Warrants Granted	'1 year
Weighted-Average Remainder Contractual Term in Years, Exercised	'0 years
Weighted-Average Remainder Contractual Term in Years, Forfeited/Expired	'0 years
Weighted-Average Remainder Contractual Term in Years, Warrants outstanding Ending Balance	'9 months 25 days

WARRANTS_TO_PURCHASE_COMMON_ST4

WARRANTS TO PURCHASE COMMON STOCK (Details Textual) (USD $)	9 Months Ended
WARRANTS TO PURCHASE COMMON STOCK (Details Textual) (USD $)	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Incremental Compensation Cost	$162,894
Private Placement [Member]	'
Share-based Payment Award, Expiration Date	30-Jun-14
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	765,375
Minimum [Member] \| Private Placement [Member]	'
Warrants Exercise Price Per Share	$1
Warrant [Member]	'
Warrants Fully Vested	5,685,964
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	3,686,103
Share Based Compensation Arrangement By Share Based Payment Award, Warrant Fair Value Granted	632,651
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	4,451,478
Adjustments To Additional Paid In Capital Warrant Issued Not Expensed	$595,774
Warrant [Member] \| Maximum [Member]	'
Warrants Exercise Price Per Share	$5
Share-based Payment Award, Expiration Date	30-Sep-15
Warrant [Member] \| Maximum [Member] \| New Funds From Existing Investor [Member]	'
Warrants Exercise Price Per Share	$5
Warrant [Member] \| Minimum [Member]	'
Warrants Exercise Price Per Share	$1
Share-based Payment Award, Expiration Date	30-Apr-13
Warrant [Member] \| Minimum [Member] \| New Funds From Existing Investor [Member]	'
Warrants Exercise Price Per Share	$2.50

EMPLOYEE_STOCK_OPTIONS_Details

EMPLOYEE STOCK OPTIONS (Details) (Employee Stock Option [Member], USD $)	1 Months Ended
	6-May-13
Employee Stock Option [Member]	'
Fair market value	$0.80
Exercise price	$1
Risk free rate	0.11%
Dividend yield	0.00%
Expected volatility	71.29%
Expected life	'4 years 29 days

EMPLOYEE_STOCK_OPTIONS_Details1

EMPLOYEE STOCK OPTIONS (Details 1) (USD $)	9 Months Ended	12 Months Ended
EMPLOYEE STOCK OPTIONS (Details 1) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Options outstanding, as of December 31, 2012	0	'
Options, Granted	3,500,000	'
Options, Exercised	0	'
Options, Forfeited/Expired	0	'
Options outstanding, as of Sep 30, 2013	3,500,000	0
Exercise Price, Options outstanding as of December 31, 2012	$0	'
Exercise Price, Granted	$1	'
Exercise Price, Exercised	$0	'
Exercise Price,Forfeited/Expired	$0	'
Exercise Price, Options outstanding as of Sep 30, 2013	$1	$0
Remaining Term in Years, Granted	'7 years	'
Remaining Term in Years, Exercised	'0 years	'
Remaining Term in Years, Forfeited/Expired	'0 years	'
Remaining Term in Years, Options outstanding as of Sep 30,2013	'6 years 7 months 6 days	'0 years

EMPLOYEE_STOCK_OPTIONS_Details2

EMPLOYEE STOCK OPTIONS (Details 2) (USD $)	9 Months Ended	12 Months Ended
EMPLOYEE STOCK OPTIONS (Details 2) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Options Outstanding, Number of Options Outstanding	3,500,000	0
Options Outstanding, Remaining Life (Years)	'6 years 7 months 6 days	'0 years
Options Outstanding, Exercise Price	$1	$0
Options Exercisable, Number of Options Exercisable	0	'
Options Exercisable, Exercise Price	$0	'

EMPLOYEE_STOCK_OPTIONS_Details3

EMPLOYEE STOCK OPTIONS (Details 3) (USD $)	9 Months Ended
EMPLOYEE STOCK OPTIONS (Details 3) (USD $)	Sep. 30, 2013
Stock based compensation expense	$489,628
Income tax benefit recognized related to stock-based compensation	0
Income tax benefit realized from the exercising and vesting of options	$0

EMPLOYEE_STOCK_OPTIONS_Details4

EMPLOYEE STOCK OPTIONS (Details 4) (USD $)	Sep. 30, 2013
Intrinsic value - options outstanding	$0
Intrinsic value - options exercisable	0
Intrinsic value - options exercised	$0

EMPLOYEE_STOCK_OPTIONS_Details5

EMPLOYEE STOCK OPTIONS ( Details Textual) (USD $)	9 Months Ended	1 Months Ended
	Sep. 30, 2013	31-May-13
	Sep. 30, 2013	Alan D. Gaines [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	3,500,000	3,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	'	$1
Stock Option Expiration Period	'	31-May-20
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	'	'The options vest 50% upon the earlier of six months or the Company obtaining funding in excess of $3 million, 25% after one year and 25% after two years.
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	$1,100,390	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	'1 year 7 months 6 days	'

FAIR_VALUE_Details

FAIR VALUE (Details) (USD $)	9 Months Ended
FAIR VALUE (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012
Beginning Balance	$0	'
New Derivative Liability	1,066,932	'
Transfers to (from) Level 3	0	'
Total (gains)losses included in earnings	-287,571	0
Issuances	0	'
Ending Balance	$1,354,503	'

FAIR_VALUE_Details_1

FAIR VALUE (Details 1)	9 Months Ended
FAIR VALUE (Details 1)	Sep. 30, 2013
Expected term in years	'1 month 13 days
Risk-free interest rates	0.02%
Volatility	133.10%
Dividend yield	0.00%

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Textual) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2013	31-May-13	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	31-May-13
			D Mack Trust [Member]	D Mack Trust [Member]	D Mack Trust [Member]	D Mack Trust [Member]	Joseph P Tate [Member]	Joseph P Tate [Member]	Joseph P Tate [Member]	Huop Freedom Trend Prospect [Member]	Alan D. Gaines [Member]
			acre		Minimum [Member]	Maximum [Member]				acre
Net Acres for Lease	'	'	1,636	'	'	'	'	'	'	1,816	'
Royalty Revenue	'	'	$16,772	$12,489	'	'	'	$0	$0	'	'
Land Owner Royalty Interest Revenues	'	'	'	'	'	'	'	'	'	12.50%	'
Overriding Royalty Interest	'	'	'	'	0.50%	3.63%	'	'	'	'	'
Common Stock, Shares, Issued	39,158,830	32,518,192	'	'	'	'	250,000	'	'	'	'
Common Stock, Value, Issued	$39,159	$32,518	'	'	'	'	$200,000	'	'	'	'
Common Stock, No Par Value	'	'	'	'	'	'	$0.80	'	'	'	'
Warrants, Granted	'	'	'	'	'	'	125,000	'	'	'	3,500,000
Weighted-Average Exercise Price, Granted	'	'	'	'	'	'	$1	'	'	'	$1
Share-Based Compensation Arrangement By Share-Based Payment Award, Expiration Date	'	'	'	'	'	'	31-May-14	'	'	'	31-May-20
Share-based Compensation Arrangement by Share-based Payment Award, Description	'	'	'	'	'	'	'	'	'	'	'The options vest 50% upon the earlier of six months or the Company obtaining funding in excess of $3 million, 25% after one year and 25% after two years

LEGAL_PROCEEDINGS_Details_Text

LEGAL PROCEEDINGS (Details Textual) (USD $)	9 Months Ended
LEGAL PROCEEDINGS (Details Textual) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Loss Contingency, Name of Defendant	'Nostra Terra Oil & Gas Company	'
Convertible Notes Payable	$2,812,560	$1,352,560
Nostra Terra Oil and Gas Company V Richfield Oil Gas Company [Member]	'	'
Loss Contingency, Name of Plaintiff	'HPI, HEGINC, and HEGLLC	'
Long-term Debt, Gross	1,300,000	'
Debt Instrument, Interest Rate at Period End	10.00%	'
Debt Instrument, Periodic Payment, Principal	1,300,000	'
Debt Instrument, Periodic Payment, Interest	245,040	'
Litigation Settlement, Expense	1,639,403	'
Convertible Notes Payable	$1,300,000	'

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (USD $)	9 Months Ended
SUBSEQUENT EVENTS (Details Textual) (USD $)	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	3,500,000
Subsequent Event [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	147,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	58,800
Stock Issued During Period, Shares, Conversion of Units	187,834
Long-Term Debt, Gross	34,862
Debt Instrument, Convertible, Conversion Price	0.19
Debt Instrument, Fair Value Disclosure	88,282
Subsequent Event [Member] \| Wasatch National Forest Well [Member]	'
Proceeds from Notes Payable	512,500
Working Interest Percentage	51.25%
Cash Proceeds From Notes Payable	112,500
Proceeds From Cancellation of Notes Payable	400,000
Subsequent Event [Member] \| Nostra Terra Oil & Gas Company [Member]	'
Litigation Settlement, Amount	1,150,000