Yuma Energy 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	11-May-15
Document And Entity Information
Entity Registrant Name	Yuma Energy, Inc.
Entity Central Index Key	81318
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		71,437,206
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$8,766,101	$11,558,322
Short-term investments	1,181,299	1,170,868
Accounts receivable, net of allowance for doubtful accounts: Trade	6,645,743	9,739,737
Accounts receivable, net of allowance for doubtful accounts: Officers and employees	154,348	316,077
Accounts receivable, net of allowance for doubtful accounts: Other	261,488	697,991
Commodity derivative instruments	579,776	3,338,537
Prepayments	575,767	782,234
Deferred taxes	245,922	245,922
Other deferred charges	292,312	342,798
TOTAL CURRENT ASSETS	18,702,756	28,192,486
OIL AND GAS PROPERTIES (full cost method):
Not subject to amortization	26,959,343	25,707,052
Subject to amortization	189,821,774	186,530,863
Subtotal	216,781,117	212,237,915
Less: accumulated depreciation, depletion and amortization	-107,996,820	-103,929,493
Net oil and gas properties	108,784,297	108,308,422
OTHER PROPERTY AND EQUIPMENT:
Land, buildings and improvements	2,795,000	2,795,000
Other property and equipment	3,471,408	3,439,688
Total	6,266,408	6,234,688
Less: accumulated depreciation and amortization	-1,983,045	-1,909,352
Net other property and equipment	4,283,363	4,325,336
OTHER ASSETS AND DEFERRED CHARGES:
Commodity derivative instruments	319,040	1,403,109
Deposits	264,064	264,064
Goodwill	5,349,988	5,349,988
Other noncurrent assets	320,308	262,200
Total other assets and deferred charges	6,253,400	7,279,361
TOTAL ASSETS	138,023,816	148,105,605
CURRENT LIABILITIES:
Current maturities of debt	62,185	282,843
Accounts payable, principally trade	12,136,430	25,004,364
Deferred taxes	471,995	471,995
Other accrued liabilities	1,640,016	1,419,565
Total current liabilities	14,310,626	27,178,767
LONG-TERM DEBT:
Bank debt	28,450,000	22,900,000
OTHER NONCURRENT LIABILITIES:
Asset retirement obligations	12,685,602	12,487,770
Deferred taxes	12,392,517	14,388,662
Restricted stock units	66,161	71,569
Other	16,250	22,451
Total other noncurrent liabilities	25,160,530	26,970,452
EQUITY:
Common stock, no par value (300 million shares authorized, 69,426,666 and 41,074,950 issued)	140,186,181	137,469,772
Preferred stock	10,666,807	9,958,217
Accumulated other comprehensive income (loss)	-20,535	38,801
Accumulated earnings (deficit)	-80,729,793	-76,410,404
Total equity	70,102,660	71,056,386
Total liabilities and equity	$138,023,816	$148,105,605

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical]	Mar. 31, 2015	Dec. 31, 2014
Balance Sheet Parentherical [Abstract]
Common stock, shares authorized	300,000,000	300,000,000
Common Stock, shares, Issued	69,426,666	41,074,950

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
REVENUES:
Sales of natural gas and crude oil	$5,643,247	$10,355,439
Other revenue	270,018	241,493
Total revenues	5,913,265	10,596,932
EXPENSES:
Marketing cost of sales	101,688	321,317
Lease operating	3,223,116	3,658,505
Re-engineering and workovers	494,429	1,510
General and administrative - stock-based compensation	1,738,410	47,914
General and administrative other	1,942,230	3,150,071
Depreciation, depletion and amortization	4,141,020	5,726,083
Asset retirement obligation accretion expense	162,784	142,144
Other	11,311	27,128
Total expenses	11,814,988	13,074,672
INCOME (LOSS) FROM OPERATIONS	-5,901,723	-2,477,740
OTHER INCOME (EXPENSE):
Change in fair value of preferred stock derivative liability - Series A and Series B		1,472,030
Interest expense	-92,007	-139,419
Other, net	16,156	1,151
Total other income (expense)	-75,851	1,333,762
NET INCOME (LOSS) BEFORE INCOME TAXES	-5,977,574	-1,143,978
Income tax expense (benefit)	-1,959,000	-849,000
NET INCOME (LOSS)	-4,018,574	-294,978
PREFERRED STOCK:
Dividends paid in cash, Series A perpetual preferred	300,815
Accretion (Series A and Series B)		281,949
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	($4,319,389)	($576,927)
LOSS PER COMMON SHARE:
Basic	($0.06)	($0.01)
Diluted	($0.06)	($0.01)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Basic	69,253,681	41,074,953
Diluted	69,253,681	41,074,953

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Consolidated Statements Of Comprehensive Income
NET LOSS	($4,018,574)	($294,978)
OTHER COMPREHENSIVE INCOME (LOSS):
Commodity derivatives sold	-119,917
Less income taxes	-46,168
Commodity derivatives sold, net of income taxes	-73,749
Reclassification of (gain) loss on settled commodity derivatives	23,436	-59,166
Less income taxes	9,023	-22,779
Reclassification of (gain) loss on settled commodity derivatives, net of income taxes	14,413	-36,387
OTHER COMPREHENSIVE INCOME (LOSS)	-59,336	-36,387
COMPREHENSIVE LOSS	($4,077,910)	($331,365)

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $)	COMMON STOCK, NO PAR VALUE	PERPETUAL PREFERRED STOCK	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):	ACCUMULATED EARNINGS (DEFICIT):	Total
Beginning Balance, Amount at Dec. 31, 2013	$2,669,465		$38,770	($50,596,088)	($47,887,853)
Sales of common stock, shares
Sales of perpetual preferred stock		9,958,217			9,958,217
Sales of perpetual preferred stock, shares		507,739
Restricted stock awards net of forfeitures (65,638 shares for 2015 and 19,440 shares for 2014)	488,615				488,615
Employee restricted stock awards amortized to equity until vesting date	2,784,023				2,784,023
Restricted stock unit awards (273,907 shares)	869,231				869,231
Convert preferred stock to 22,883,487 shares of common stock on September 10, 2014	107,552,938				107,552,938
Pyramid Oil Company 4,788,085 shares outstanding last day of trading September 10, 2014	22,504,000				22,504,000
Fair value of Pyramid Oil Company stock options	100,500				100,500
Stock awards (100,000 shares) to employees, directors and consultants of Pyramid Oil Company vested upon the change in control and issued September 11, 2014	501,000				501,000
Comprehensive income (loss) from commodity derivative instruments, net of income taxes			31		31
Series A perpetual preferred stock cash dividends				-224,098	-224,098
Preferred stock accretion (Series A and B)				-786,536	-786,536
Preferred stock cash dividends (Series A and B)				-445,152	-445,152
Preferred stock dividends paid in kind (Series A and B)				-4,133,380	-4,133,380
Net loss				-20,225,150	-20,225,150
Ending Balance, Amount at Dec. 31, 2014	137,469,772	9,958,217	38,801	-76,410,404	71,056,386
Sales of common stock	298,259				298,259
Sales of common stock, shares	221,159
Sales of perpetual preferred stock		708,590			708,590
Sales of perpetual preferred stock, shares		37,769
Restricted stock awards net of forfeitures (65,638 shares for 2015 and 19,440 shares for 2014)	37,382				37,382
Employee restricted stock awards amortized to equity until vesting date	2,380,768				2,380,768
Restricted stock unit awards (273,907 shares)
Convert preferred stock to 22,883,487 shares of common stock on September 10, 2014
Pyramid Oil Company 4,788,085 shares outstanding last day of trading September 10, 2014
Fair value of Pyramid Oil Company stock options
Stock awards (100,000 shares) to employees, directors and consultants of Pyramid Oil Company vested upon the change in control and issued September 11, 2014
Comprehensive income (loss) from commodity derivative instruments, net of income taxes			-59,336		-59,336
Series A perpetual preferred stock cash dividends				-300,815	-300,815
Preferred stock accretion (Series A and B)
Preferred stock cash dividends (Series A and B)
Preferred stock dividends paid in kind (Series A and B)
Net loss				-4,018,574	-4,018,574
Ending Balance, Amount at Mar. 31, 2015	$140,186,181	$10,666,807	($20,535)	($80,729,793)	$70,102,660

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Reconciliation of net loss to net cash provided by operating activities:
Net loss	($4,018,574)	($294,978)
Decrease in fair value of preferred stock derivative liability		-1,472,030
Depreciation, depletion and amortization of property and equipment	4,141,020	5,726,083
Accretion of asset retirement obligation	162,784	142,144
Stock-based compensation net of capitalized cost	1,738,410	47,913
Amortization of other assets and liabilities	65,145	46,073
Deferred tax expense (benefit)	-1,959,000	-849,000
Bad debt expense	11,311	27,128
Write off deferred offering costs		1,257,160
Commodity derivatives sold previously recognized in other comprehensive income	-119,917
Amortization of benefit from commodity derivatives sold		-23,437
Net commodity derivatives mark-to-market loss	3,866,266	978,386
Changes in current operating assets and liabilities:
Accounts receivable	3,680,915	-3,399,563
Other current assets	206,467	177,018
Accounts payable	-10,800,637	3,236,430
Other current liabilities	367,639	258,814
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES	-2,658,171	5,858,141
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures on property and equipment	-5,963,281	-3,237,554
Proceeds from sale of property	30,442	307,600
Increase in short-term investments	-10,431
Decrease in noncurrent receivable from affiliate		95,634
NET CASH USED BY INVESTING ACTIVITIES	-5,943,270	-2,834,320
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on borrowings	-220,658	-178,027
Change in borrowing on line of credit	5,550,000	-650,000
Line of credit financing costs	-221,373	-25,000
Net proceeds from sale of common stock	298,259
Net proceeds from sale of perpetual preferred stock	708,590
Cash dividends to preferred shareholders	-300,815
Other	-4,783
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	5,809,220	-853,027
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-2,792,221	2,170,794
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	11,558,322	4,194,511
CASH AND CASH EQUIVALENTS AT END OF PERIOD	8,766,101	6,365,305
Supplemental disclosure of cash flow information:
Interest payments (net of interest capitalized)	19,843	69,130
Interest capitalized	232,822	236,901
Supplemental disclosure of significant non-cash activity:
Change in capital expenditures financed by accounts payable	$2,067,297	$928,562

A_BASIS_OF_PRESENTATION

A. BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
A. BASIS OF PRESENTATION	These consolidated financial statements are unaudited; however, in the opinion of management, they reflect all adjustments necessary for a fair statement of the results for the periods reported. All such adjustments are of a normal recurring nature unless disclosed otherwise. These consolidated financial statements, including notes, have been condensed and do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements as of and for the year ended December 31, 2014 and the notes thereto included with the Annual Report on Form 10-K of the Company filed with the Securities and Exchange Commission (“SEC”) on March 30, 2015.

B_FAIR_VALUE_MEASUREMENTS

B. FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
B. FAIR VALUE MEASUREMENTS	Certain financial instruments are reported at fair value on the Consolidated Balance Sheets. Under fair value measurement accounting guidance, fair value is defined as the amount that would be received from the sale of an asset or paid for the transfer of a liability in an orderly transaction between market participants, i.e., an exit price. To estimate an exit price, a three-level hierarchy is used. The fair value hierarchy prioritizes the inputs, which refer broadly to assumptions market participants would use in pricing an asset or a liability, into three levels. Yuma Energy, Inc. (the “Company”) uses a market valuation approach based on available inputs and the following methods and assumptions to measure the fair values of its assets and liabilities, which may or may not be observable in the market.
	Fair Value of Financial Instruments(other than Commodity Derivatives, see below) – The carrying values of financial instruments, excluding commodity derivatives, comprising current assets and current liabilities approximate fair values due to the short-term maturities of these instruments and are considered Level 1.
	Derivatives – The fair values of the Company’s commodity derivatives are considered Level 2 as their fair values are based on third-party pricing models which utilize inputs that are either readily available in the public market, such as natural gas and oil forward curves and discount rates, or can be corroborated from active markets or broker quotes. These values are then compared to the values given by the Company’s counterparties for reasonableness. The Company is able to value the assets and liabilities based on observable market data for similar instruments, which results in the Company using market prices and implied volatility factors related to changes in the forward curves. Derivatives are also subject to the risk that counterparties will be unable to meet their obligations. Because the Company’s commodity derivative counterparty was Société Générale at March 31, 2015, the Company has not considered non-performance risk in the valuation of its derivatives.
	Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques, and at least one significant model assumption or input is unobservable.
		Fair value measurements at March 31, 2015
			Significant
		Quoted prices	other	Significant
		in active	observable	unobservable
		markets	inputs	inputs
		(Level 1)	(Level 2)	(Level 3)	Total
	Assets:
	Commodity derivatives – oil	$ -	$538,035	$ -	$538,035
	Commodity derivatives – gas	-	360,781	-	360,781
	Total assets	$ -	$898,816	$ -	$898,816
		Fair value measurements at December 31, 2014
			Significant
		Quoted prices	other	Significant
		in active	observable	unobservable
		markets	inputs	inputs
		(Level 1)	(Level 2)	(Level 3)	Total
	Assets:
	Commodity derivatives – oil	$ -	$2,858,387	$ -	$2,858,387
	Commodity derivatives – gas	-	1,883,259	-	1,883,259
	Total assets	$ -	$4,741,646	$ -	$4,741,646
	Derivative instruments listed above include swaps, reverse swaps and three-way collars. For additional information on the Company’s derivative instruments and derivative liabilities, see Note C – Commodity Derivative Instruments.
	Debt – The Company’s debt is recorded at the carrying amount on its Consolidated Balance Sheets. For further discussion of the Company’s debt, please see Note G – Debt and Interest Expense. The carrying amount of floating-rate debt approximates fair value because the interest rates are variable and reflective of market rates.
	Asset Retirement Obligations (“AROs”) – The Company estimates the fair value of AROs based on discounted cash flow projections using numerous estimates, assumptions and judgments regarding such factors as the existence of a legal obligation for an ARO, amounts and timing of settlements, the credit-adjusted risk-free rate to be used and inflation rates.

C_COMMODITY_DERIVATIVE_INSTRUM

C. COMMODITY DERIVATIVE INSTRUMENTS	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
C. COMMODITY DERIVATIVE INSTRUMENTS	Objective and Strategies for Using Commodity Derivative Instruments – In order to mitigate the effect of commodity price uncertainty and enhance the predictability of cash flows relating to the marketing of the Company’s crude oil and natural gas, the Company enters into crude oil and natural gas price commodity derivative instruments with respect to a portion of the Company’s expected production. The commodity derivative instruments used include variable to fixed price commodity swaps, two-way and three-way collars.
	While these instruments mitigate the cash flow risk of future reductions in commodity prices, they may also curtail benefits from future increases in commodity prices.
	The Company elected to discontinue hedge accounting for all commodity derivative instruments beginning with the 2013 financial year. The balance in other comprehensive income (“OCI”) at year-end 2012 will remain in accumulated other comprehensive income (“AOCI”) until such time that the original hedged forecasted transaction occurs. The last of these contracts will expire in December 2015. Starting with year 2013, mark-to-market adjustments to the contracts that were in AOCI at year-end 2012 will not be made to AOCI, but instead are recognized in earnings, as are all other commodity derivative contracts going forward. As a result of discontinuing the application of hedge accounting, the Company’s earnings are potentially more volatile.See Note B – Fair Value Measurements for a discussion of methods and assumptions used to estimate the fair values of the Company’s commodity derivative instruments.
	Counterparty Credit Risk – Commodity derivative instruments expose the Company to counterparty credit risk. The Company’s commodity derivative instruments are with Société Générale (“SocGen”) which is rated “A” by Standard and Poor’s, “A2” by Moody’s, “A” by Fitch and “AA(low)” by DBRS. Commodity derivative contracts are executed under master agreements which allow the Company, in the event of default, to elect early termination of all contracts. If the Company chooses to elect early termination, all asset and liability positions would be netted and settled at the time of election.
	On February 18, 2015, the Company settled all of its natural gas and crude oil options, realizing $4.03 million. The Company retained its existing natural gas swap positions. Concurrent with the settlement of the Company’s option positions and during the following day, the Company entered into new swap transactions for crude oil and natural gas for the balance of 2015 and all of 2016. In addition, the Company entered into three-way collars for 2017 for both natural gas and crude oil.
	In conjunction with certain derivative hedging activity, the Company deferred the payment of $153,389 put premiums which was recorded in both current other deferred charges and current other accrued liabilities at year-end 2014 and was for production months January 2015 through December 2015. The put premium liabilities became payable monthly as the hedge production month became the prompt production month. The Company amortized the deferred put premium liabilities in January and February 2015; however, the liability for the remainder of the year was settled as part of the $4.03 million settlement.
	Commodity derivative instruments open as of March 31, 2015 are provided below. Natural gas prices are New York Mercantile Exchange (“NYMEX”) Henry Hub prices, and crude oil prices are NYMEX West Texas Intermediate, except for the oil swaps that are based on Argus Light Louisiana Sweet.
		2015		2016	2017
		Settlement		Settlement	Settlement
	NATURAL GAS (MMBtu):
	Swaps
	Volume	1,620,061		298,957	-
	Price	$3.14	*	$3.28	-
	Reverse Swaps
	Volume	193,961		-	-
	Price	$4.33		-	-
	3-way collars
	Volume	-		-	67,361
	Ceiling sold price (call)	-		-	$4.03
	Floor purchased price (put)	-		-	$3.50
	Floor sold price (short put)	-		-	$3.00
	CRUDE OIL (Bbls):
	Swaps
	Volume	147,033		138,286	-
	Price	$56.90		$62.27	-
	3-way collars
	Volume	-		-	113,029
	Ceiling sold price (call)	-		-	$77.00
	Floor purchased price (put)	-		-	$60.00
	Floor sold price (short put)	-		-	$45.00
	* Price is a weighted average.
	Derivatives for each commodity are netted on the Consolidated Balance Sheets as they are all contracts with the same counterparty. The following table presents the fair value and balance sheet location of each classification of commodity derivative contracts on a gross basis without regard to same-counterparty netting:
		Fair value as of
		March 31,		December 31,
		2015		2014
	Asset commodity derivatives:
	Current assets	$944,284		$6,413,935
	Noncurrent assets	1,051,539		3,163,891
		1,995,823		9,577,826
	Liability commodity derivatives:
	Current liabilities	-364,508		-3,075,398
	Noncurrent liabilities	-732,499		-1,760,782
		-1,097,007		-4,836,180
	Total commodity derivative instruments	$898,816		$4,741,646
	Sales of natural gas and crude oil on the Consolidated Statements of Operations are comprised of the following:
		Three Months Ended
		March 31,
		2015		2014
	Sales of natural gas and crude oil	$4,572,679		$12,307,018
	Gain realized from sale of commodity derivatives	4,030,000		-
	Other gains (losses) realized on commodity derivatives	906,834		-996,631
	Gains (losses) unrealized on commodity derivatives	-3,866,266		-978,386
	Amortized gains from benefit of sold qualified gas options	-		23,438
	Total sales of natural gas and crude oil	$5,643,247		$10,355,439
	A reconciliation of the components of accumulated other comprehensive income (loss) in the Consolidated Statements of Changes in Equity is presented below:
		Three Months Ended			Year Ended
		31-Mar-15			31-Dec-14
		Before tax		After tax	Before tax	After tax
	Balance, beginning of period	$63,091		$38,801	$63,041	$38,770
	Sale of unexpired contracts previously subject
	to hedge accounting rules	-119,917		-73,749	-	-
	Other reclassifications due to expired contracts
	previously subject to hedge accounting rules	23,436		14,413	50	31
	Balance, end of period	($33,390)		($20,535)	$63,091	$ 38,801

D_PREFERRED_STOCK

D. PREFERRED STOCK	3 Months Ended
	Mar. 31, 2015
D. Preferred Stock
D. PREFERRED STOCK	9.25% Series A Cumulative Redeemable Preferred Stock - On October 23, 2014, the Company held an initial closing of its public offering of 9.25% Series A Cumulative Redeemable Preferred Stock, no par value per share, with a liquidation preference of $25.00 per share (the “Series A Preferred Stock”). The Company issued 477,273 shares at a public offering price of $22.00 per share, for gross proceeds of $10,500,006. On October 24, 2014, the Company held an additional closing for 30,466 shares of Series A Preferred Stock at a public offering price of $22.00 per share for gross proceeds of $670,252. In total, the Company received $9,983,335 net of the underwriters’ discount and other expenses. Preferred stock is also net of $25,118 in costs as of December 31, 2014 to initiate an At Market Issuance Sales Agreement (“Sales Agreement) (see Note J – At Market Issuance Sales Agreement). The $708,590 increase to preferred stock in the first quarter of 2015 represents the net proceeds from the Sales Agreement. The shares of Series A Preferred Stock trade on the NYSE MKT under the symbol “YUMAprA”. The Series A Preferred Stock cannot be converted into common stock (except upon a change in control and in the event the Company chooses to not redeem the Series A Preferred Stock), but may be redeemed by the Company, at the Company’s option, on or after October 23, 2017 (or in certain circumstances, prior to such date as a result of a change in control of the Company), at a redemption price of $25.00 per share plus any accrued and unpaid dividends. The Series A Preferred Stock has no stated maturity, is not subject to any sinking fund or mandatory redemption, and will remain outstanding indefinitely unless repurchased, redeemed or converted into common stock in connection with a change in control. Holders of the Series A Preferred Stock are entitled to receive, when, as and if declared by the Board of Directors, cumulative dividends at the rate of 9.25% per annum (the dividend rate) based on the liquidation price of $25.00 per share of the Series A Preferred Stock, payable monthly in arrears on each dividend payment date, with the first payment date of December 1, 2014. The Series A Preferred Stock is presented in the permanent equity section of the financial statements.

E_STOCKBASED_COMPENSATION

E. STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
E. STOCK-BASED COMPENSATION	Restricted stock awards were granted in the form of restricted shares of common stock (“RSAs”) subject to a “Liquidity Event” and time-based vesting. The merger with Pyramid Oil Company that closed on September 10, 2014 was a “Liquidity Event” within the Company’s stock award agreements. This event removed that requirement for vesting, and now each award will vest in accordance with its time-based vesting schedule, typically in equal amounts per year over three years, subject to continued service as an employee or director of the Company.
	A summary of the status of the RSAs and changes for the three months ended March 31, 2015 is presented below.
		Number of		Weighted
		unvested		average
		RSA		grant-date
		shares		fair value
	Unvested shares as of January 1, 2015	1,952,671		$3.40 per share
	Granted on March 12, 2015	183,623		$2.67 per share
	Vested	-65,638		$3.14 per share
	Forfeited	-50,991		$3.88 per share
	Unvested shares as of March 31, 2015	2,019,665		$3.33 per share
	Pyramid Oil Company issued stock options as compensation for non-employee members of its board of directors under the Pyramid Oil Company 2006 Equity Incentive Plan. The options vested immediately, and are exercisable for a five-year period from the date of the grant.
	The following is a summary of the Company’s stock option activity.
						Weighted-
				Weighted-		average
				average		remaining		Aggregate
				exercise		contractual		intrinsic
		Options		price		life (years)		value
	Outstanding at December 31, 2014	105,000		$5.17		3.66		$ -
	Granted	-		-		-		-
	Exercised	-		-		-		-
	Forfeited	-		-		-		-
	Outstanding at March 31, 2015	105,000		$5.17		3.41		$ -
	Vested at March 31, 2015	105,000		$5.17		3.41		$ -
	Exercisable at March 31, 2015	105,000		$5.17		3.41		$ -
	As of March 31, 2015, there were no unvested stock options or unrecognized stock option expenses.
	The following table summarizes the information about stock options outstanding and exercisable at March 31, 2015.
			Options Outstanding						Options Exercisable
					Weighted-		Weighted			Weighted
					average		average			average
	Exercise		Number of		remaining		exercise		Number of	exercise
	price		shares		life (years)		price		shares	price
	$5.40		5,000		1.17		$5.40		5,000	$5.40
	$5.16		100,000		3.52		$5.16		100,000	$5.16
			105,000						105,000
	On April 1, 2013, the Company granted 163 Restricted Stock Units or “RSUs” to employees. Based on the exchange ratio of the merger, the RSUs converted into 123,446 RSUs. Each RSU represents a contingent right to receive one share of the Company’s common stock upon vesting.  In order to vest, an employee must have continuous service with the Company from time of the grant through April 1, 2016, the vesting date. The RSUs may be settled in cash and do not require the eventual issuance of common stock (although it is an election available to the Company); consequently, the awards are liability-based and the booked valuation will change as the market value for common stock changes. At March 31, 2015, the RSUs were valued at the closing price of the common stock of the Company on that date. Compensation expense is recognized over the three-year vesting period.
	A summary of the status of the unvested RSUs and changes during the three months ended March 31, 2015 is presented below.
				Weighted
		Number of		average
		unvested		grant-date
		RSUs		fair value
	Unvested shares as of January 1, 2015	95,424		$2.72 per share
	Granted, forfeited, or other changes	-
		95,424		$2.72 per share

F_EARNINGS_PER_COMMON_SHARE

F. EARNINGS PER COMMON SHARE	3 Months Ended
	Mar. 31, 2015
LOSS PER COMMON SHARE:
F. EARNINGS PER COMMON SHARE	Earnings per common share are computed by dividing earnings available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Potential common stock equivalents are determined using the “if converted” method.
	Potentially dilutive securities for the computation of diluted weighted average shares outstanding are as follows:
		Three Months Ended
		March 31,
		2015	2014
	Series A Preferred Stock	-	14,295,501
	Series B Preferred Stock	-	7,565,044
	Restricted Stock Awards	1,910,349	1,952,416
	Restricted Stock Units	95,424	113,601
		2,005,773	23,926,562
	The Series A and Series B Preferred Stock was converted to common stock on September 10, 2014. The Company excludes preferred stock and stock-based awards whose effect would be anti-dilutive from the calculation. For the three months ended March 31, 2015 and 2014, adjusted earnings were losses, therefore common stock equivalents were excluded from the calculation of diluted net loss per share of common stock, as their effect was anti-dilutive.

G_DEBT_AND_INTEREST_EXPENSE

G. DEBT AND INTEREST EXPENSE	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
G. DEBT AND INTEREST EXPENSE		March 31,	December 31,
		2015	2014
	Variable rate revolving credit agreement payable to Société Générale,
	OneWest Bank, FSB, and LegacyTexas Bank, maturing
	May 20, 2017, secured bythe stock of Exploration and its
	interest in POL, and guaranteed by The Yuma Companies, Inc.	$28,450,000	$22,900,000
	Installment loan due June 11, 2015, originating from the
	financing of insurance premiums at 3.76% interest rate.	62,185	154,750
	Installment loan due February 28, 2015, originating from the
	financing of insurance premiums at 3.65% interest rate.	-	128,093
		28,512,185	23,182,843
	Less:  current portion	-62,185	-282,843
	Total long-term debt	$28,450,000	$22,900,000
	On January 23, 2015, our wholly owned subsidiary, Yuma Exploration and Production Company, Inc. (“Exploration”), entered into the Sixth Amendment (the “Sixth Amendment”) to the credit agreement dated August 10, 2011 with SocGen as Administrative Agent and Issuing Bank, and each of the lenders and guarantors. Pursuant to the Sixth Amendment, (i) the borrowing base under the credit agreement remained at $40.0 million until the next borrowing base redetermination date which occurred on April 7, 2015, subject to a loan covenant requiring a ten percent availability under the line in order to pay dividends on any preferred stock, (ii) the Company may issue additional series of preferred stock subject to certain restrictions, (iii) the definition of “Change of Control” was amended and restated; (iv) the Company pledged the stock of Exploration; (v) Exploration pledged its interest in its wholly owned subsidiary, Pyramid Oil LLC (“POL”), and (vi) the oil and natural gas properties held by the Company in the state of California were transferred from the Company to POL and were mortgaged under the credit agreement. In addition, Exploration’s properties in North Dakota were mortgaged. On April 7, 2015, Exploration entered into the Seventh Amendment to the credit agreement, which reduced the Company’s borrowing base to $33.0 million, with an additional $3.0 million non-conforming borrowing base that expires on September 1, 2015. See Note L – Subsequent Events for a discussion of the Seventh Amendment.
	The following summarizes interest expense for the three months ended March 31, 2015 and 2014.
		Three Months Ended
		March 31,
		2015	2014
	Credit agreement	$241,294	$317,911
	Credit agreement commitment fees	15,828	9,594
	Amortization  of credit agreement loan costs	65,144	46,073
	Insurance installment loan	1,726	646
	Other interest charges	837	2,096
	Capitalized interest	-232,822	-236,901
	Total interest expense	$92,007	$139,419
	The terms of the credit agreement require Exploration to meet a specific current ratio, interest coverage ratio, and a funded debt to EBITDA ratio. In addition, the credit facility requires the guarantee of The Yuma Companies, Inc., a wholly owned subsidiary of the Company. Exploration was in compliance with the loan covenants as of March 31, 2015.

H_INCOME_TAXES

H. INCOME TAXES	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
H. INCOME TAXES	The following summarizes the income tax expense (benefit) and effective tax rates:
		Three Months Ended
		March 31,
		2015	2014
	Consolidated net income (loss) before income taxes	($5,977,574)	($1,143,978)
	Income tax expense (benefit)	-1,959,000	-849,000
	Effective tax rate	33%	74%
	The differences between the U.S. federal statutory rate of 35% and the Company’s effective tax rates for the three months ended March 31, 2015 and 2014 are due primarily to the tax effects of the excess of book basis over the tax basis in the full cost pool and net operating loss carryforwards. The three month period ended March 31, 2014 also included the tax effect of nondeductible changes in fair value of preferred stock derivative liability for each period.
	The Company knows of no uncertain tax positions and has no unrecognized tax benefits for the three months ended March 31, 2015 or March 31, 2014. When the Company believes that it is more likely than not that a net operating loss or credit may expire unused, it establishes a valuation allowance against that loss or credit. No valuation allowance has been established as of March 31, 2015 or March 31, 2014.

I_MERGER_WITH_PYRAMID_OIL_COMP

I. MERGER WITH PYRAMID OIL COMPANYAND GOODWILL	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
I. MERGER WITH PYRAMID OIL COMPANYAND GOODWILL	On September 10, 2014, a wholly owned subsidiary of Pyramid merged with and into Yuma Co. in exchange for 66,336,701 shares of common stock and Pyramid changed its name to “Yuma Energy, Inc.” (the “merger”). As a result of the merger, the former Yuma Co. stockholders received approximately 93% of the then outstanding common stock of the Company and thus acquired voting control. Although the Company was the legal acquirer, for financial reporting purposes the merger was accounted for as a reverse acquisition of Pyramid by Yuma Co. The transaction qualified as a tax-deferred reorganization under Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”).
	As a result of the merger announcement with Pyramid on February 6, 2014, expenses of approximately $1.3 million previously incurred by the Company in connection with exploring options to obtain a public listing were written off during the first quarter of 2014.
	The merger was accounted for as a business combination in accordance with ASC 805 Business Combinations (“ASC 805”). ASC 805, among other things, requires assets acquired and liabilities assumed to be measured at their acquisition date fair values. Goodwill represents the excess of the purchase price over the estimated fair value of the assets acquired net of the fair value of liabilities assumed in an acquisition. Certain assets and liabilities may be adjusted as additional information is obtained; but no later than one year from the acquisition date. No such adjustments were made in the first quarter of 2015. The provisions of ASC 350, on Intangibles – Goodwill and Other require that intangible assets with indefinite lives, including goodwill, be evaluated on an annual basis for impairment, or more frequently if events occur or circumstances change that could potentially result in impairment. The goodwill impairment test requires the allocation of goodwill and all other assets and liabilities to reporting units;however, the Company has only one reporting unit. The Company performs its goodwill impairment test annually, using a measurement date of July 1, or more often if circumstances require.
	The following unaudited pro forma combined results of operations are provided for the three months ended March 31, 2014 as though the merger had been completed as of January 1, 2014. These pro forma combined results of operations have been prepared by adjusting the historical results of the Company to include the historical results of Pyramid. Pyramid’s historical depletion of oil and gas property was also adjusted to reflect the change to full cost accounting. These supplemental pro forma results of operations are provided for illustrative purposes only, and do not purport to be indicative of the actual results that would have been achieved by the combined company for the period presented or that may be achieved by the combined company in the future. The pro forma results of operations do not include any cost savings or other synergies that resulted, or may result, from the merger or any estimated costs that will be incurred to integrate Pyramid. Future results may vary significantly from the results reflected in this pro forma financial information because of future events and transactions, as well as other factors.
		Three months ended
		31-Mar-14
	Revenues	$11,640,531
	Net loss	($565,726)
	Net loss per share:
	Basic	($0.01)
	Diluted	($0.01)
	First quarter 2014 non-recurring transaction costs of $325,199 related to the merger, and costs of $1,263,885 to explore other options for a public listing are included in the Consolidated Statements of Operations as general and administrative expenses; however, these non-recurring transaction costs have been excluded from the pro forma results in the above table.
	For the three months ended March 31, 2015, the Company recognized $519,179 from sales of natural gas and crude oil less lease operating expenses, depletion and other operating expenses of $1,010,052 related to properties acquired in the merger.

J_AT_MARKET_ISSUANCE_SALES_AGR

J. AT MARKET ISSUANCE SALES AGREEMENT	3 Months Ended
	Mar. 31, 2015
Marketable Securities [Abstract]
J. AT MARKET ISSUANCE SALES AGREEMENT	The Company entered into an At Market Issuance Sales Agreement (“Sales Agreement”) with an investment banking firm (the “Agent”) on December 19, 2014. Under the Sales Agreement, the Company may sell both common stock and Series A Preferred Stock pursuant to the Registration Statement on Form S-3 of the Company filed on November 5, 2013 (Registration No. 333-192094), which became effective under the Securities Act on November 21, 2013. Under the Sales Agreement, the Company may offer and sell up to $18,829,742 in the aggregate of common stock and Series A Preferred Stock from time to time through the Agent. Upon the Company’s delivery and the Agent’s acceptance of a placement notice, the Agent will use its commercially reasonable efforts, consistent with its sales and trading practices, to sell any shares subject to the placement notice. The Company initiated the sales of securities under the Sales Agreement on February 18, 2015, and as of March 31, 2015, the Company has sold the following securities for the net proceeds listed below (also see Note L – Subsequent Events).
		Shares	Net Proceeds
	Common Stock	221,159	$298,259
	Series A Preferred Stock	37,769	$708,590
	Total		$1,006,849

K_CONTINGENCIES

K. CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
K. CONTINGENCIES	1.            Certain Legal Proceedings
	From time to time, the Company is party to various legal proceedings arising in the ordinary course of business. While the outcome of lawsuits cannot be predicted with certainty, the Company is not currently a party to any proceeding that it believes, if determined in a manner adverse to the Company, could have a potential material adverse effect on its financial condition, results of operations, or cash flows.
	On July 9, 2014, Nabors Drilling USA, L.P. and other Nabors entities and Yuma Energy, Inc. and several of its wholly owned subsidiaries were named in a lawsuit filed in the District Court of Harris County, Texas, in the 80th Judicial District, concerning the death of an employee of Timco Services during the drilling of the Crosby 12-1 well. The Company has tendered its defense to its liability insurance carriers who are responding. There has been one mediation session, and discussions are continuing. Management believes that the Company has adequate insurance to meet this potential claim.
	2.            Environmental Remediation Contingencies
	As of March 31, 2015, there were no known environmental or other regulatory matters related to the Company’s operations that were reasonably expected to result in a material liability to the Company. The Company’s operations are subject to numerous laws and regulations governing the discharge of materials into the environment or otherwise relating to environmental protection.
	Exploration has been named as one of 97 defendants in a matter entitled Board of Commissioners of the Southeast Louisiana Flood Protection Authority – East, Individually and As the Board Governing the Orleans Levee District, the Lake Borgne Basin Levee District, and the East Jefferson Levee District v. Tennessee Gas Pipeline Company, LLC, et al., Civil District Court for the Parish of Orleans, State of Louisiana, No. 13-6911, Division “J” - 5, now removed as Civil Action No. 13-5410, before the United Stated District Court, Eastern District of Louisiana. Plaintiff filed the suit on July 24, 2013 seeking damages and injunctive relief arising out of defendants’ drilling, exploration, and production activities from the early 1900s to the present day in coastal areas east of the Mississippi River in Southeast Louisiana.
	The suit alleges that defendants’ activities have caused “removal, erosion, and submergence” of coastal lands resulting in significant reduction or loss of the protection such lands afforded against hurricanes and tropical storms. Plaintiff alleges that it now faces increased costs to maintain and operate the man-made hurricane protection system and may reach the point where that system no longer adequately protects populated areas.
	Plaintiff lists hundreds of wells, pipelines, and dredging events as possible sources of the alleged land loss. Exploration is named in association with 11 wells, four rights-of-way, and one dredging permit. The suit does not specify any deficiency or harm caused by any individual activity or facility.
	Although the suit references various federal statutes as sources of standards of care, plaintiff claims that all causes of action arise under state law: negligence, strict liability, natural servitude of drain, public nuisance, private nuisance, and as third-party beneficiary under breach of contract.
	The Company tendered its defense to its liability insurance carriers, who are responding.
	On February 13, 2015, the federal judge adjudicating the matter granted defendants “Joint Motion to Dismiss for Failure to State a Claim Under Rule 12(b)(6)”, thereby dismissing plaintiff’s claims with prejudice in the matter. On February 20, 2015, the Board of Orleans filed a notice of appeal to the U. S. Fifth Circuit. The Company will continue to contest plaintiff’s legal arguments and factual assertions. At this point in the legal process, no evaluation of the likelihood of an unfavorable outcome or associated economic loss can be made; therefore no liability has been recorded on the Company’s books.

L_SUBSEQUENT_EVENTS

L. SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
L. SUBSEQUENT EVENTS	The Company has evaluated subsequent events through May15, 2015, the date these financial statements were available to be issued. The Company is not aware of any subsequent events which would require recognition or disclosure in the financial statements, except as noted below or already recognized or disclosed in the Company’s filings with the SEC.
	1.             Seventh Amendment to Credit Agreement
	On April 7, 2015, Exploration entered into the Seventh Amendment (the “Seventh Amendment”) to that certain credit agreement dated August 10, 2011 with SocGen as Administrative Agent and Issuing Bank, and each of the lenders and guarantors.
	Pursuant to the Seventh Amendment, the borrowing base under the credit agreement was adjusted to a $33.0 million conforming borrowing base and a $3.0 million additional non-conforming borrowing base, for a total of $36.0 million until the next borrowing base redetermination date scheduled for June 15, 2015, subject to a loan covenant requiring a ten percent availability under the line (conforming plus non-conforming) in order to pay dividends on any preferred stock.
	2.            Sales of Securities
	The Company entered into a Sales Agreement with an investment banking firm as described in Note J – At Market Issuance Sales Agreement. Subsequent to March 31, 2015 and through May 11, 2015, the Company has sold and issued the following securities for the net proceeds (net of brokerage expenses only) listed below.
		Shares	Net Proceeds
	Common Stock	1,005,381	$978,049
	Series A Preferred Stock	9,088	$179,189
	Total		$1,157,238

B_FAIR_VALUE_MEASUREMENTS_Tabl

B. FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair value measurements by hierarchy		Fair value measurements at March 31, 2015
			Significant
		Quoted prices	other	Significant
		in active	observable	unobservable
		markets	inputs	inputs
		(Level 1)	(Level 2)	(Level 3)	Total
	Assets:
	Commodity derivatives – oil	$ -	$538,035	$ -	$538,035
	Commodity derivatives – gas	-	360,781	-	360,781
	Total assets	$ -	$898,816	$ -	$898,816
		Fair value measurements at December 31, 2014
			Significant
		Quoted prices	other	Significant
		in active	observable	unobservable
		markets	inputs	inputs
		(Level 1)	(Level 2)	(Level 3)	Total
	Assets:
	Commodity derivatives – oil	$ -	$2,858,387	$ -	$2,858,387
	Commodity derivatives – gas	-	1,883,259	-	1,883,259
	Total assets	$ -	$4,741,646	$ -	$4,741,646

C_COMMODITY_DERIVATIVE_INSTRUM1

C. COMMODITY DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Commodity derivative instruments		2015		2016	2017
		Settlement		Settlement	Settlement
	NATURAL GAS (MMBtu):
	Swaps
	Volume	1,620,061		298,957	-
	Price	$3.14	*	$3.28	-
	Reverse Swaps
	Volume	193,961		-	-
	Price	$4.33		-	-
	3-way collars
	Volume	-		-	67,361
	Ceiling sold price (call)	-		-	$4.03
	Floor purchased price (put)	-		-	$3.50
	Floor sold price (short put)	-		-	$3.00
	CRUDE OIL (Bbls):
	Swaps
	Volume	147,033		138,286	-
	Price	$56.90		$62.27	-
	3-way collars
	Volume	-		-	113,029
	Ceiling sold price (call)	-		-	$77.00
	Floor purchased price (put)	-		-	$60.00
	Floor sold price (short put)	-		-	$45.00
Schedule of derivative assets and liablities		Fair value as of
		March 31,		December 31,
		2015		2014
	Asset commodity derivatives:
	Current assets	$944,284		$6,413,935
	Noncurrent assets	1,051,539		3,163,891
		1,995,823		9,577,826
	Liability commodity derivatives:
	Current liabilities	-364,508		-3,075,398
	Noncurrent liabilities	-732,499		-1,760,782
		-1,097,007		-4,836,180
	Total commodity derivative instruments	$898,816		$4,741,646
Sales of natural gas and crude oil		Three Months Ended
		March 31,
		2015		2014
	Sales of natural gas and crude oil	$4,572,679		$12,307,018
	Gain realized from sale of commodity derivatives	4,030,000		-
	Other gains (losses) realized on commodity derivatives	906,834		-996,631
	Gains (losses) unrealized on commodity derivatives	-3,866,266		-978,386
	Amortized gains from benefit of sold qualified gas options	-		23,438
	Total sales of natural gas and crude oil	$5,643,247		$10,355,439
Schedule reconciliation of the components of accumulated other comprehensive income (loss) in the Consolidated Statements of Changes in Equity		Three Months Ended			Year Ended
		31-Mar-15			31-Dec-14
		Before tax		After tax	Before tax	After tax
	Balance, beginning of period	$63,091		$38,801	$63,041	$38,770
	Sale of unexpired contracts previously subject
	to hedge accounting rules	-119,917		-73,749	-	-
	Other reclassifications due to expired contracts
	previously subject to hedge accounting rules	23,436		14,413	50	31
	Balance, end of period	($33,390)		($20,535)	$63,091	$ 38,801

E_STOCKBASED_COMPENSATION_Tabl

E. STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2015
E. Stock-based Compensation Tables
Summary of the Company's stock option activity, RSAs		Number of		Weighted
		unvested		average
		RSA		grant-date
		shares		fair value
	Unvested shares as of January 1, 2015	1,952,671		$3.40 per share
	Granted on March 12, 2015	183,623		$2.67 per share
	Vested	-65,638		$3.14 per share
	Forfeited	-50,991		$3.88 per share
	Unvested shares as of March 31, 2015	2,019,665		$3.33 per share
Schedule stock option activity						Weighted-
				Weighted-		average
				average		remaining		Aggregate
				exercise		contractual		intrinsic
		Options		price		life (years)		value
	Outstanding at December 31, 2014	105,000		$5.17		3.66		$ -
	Granted	-		-		-		-
	Exercised	-		-		-		-
	Forfeited	-		-		-		-
	Outstanding at March 31, 2015	105,000		$5.17		3.41		$ -
	Vested at March 31, 2015	105,000		$5.17		3.41		$ -
	Exercisable at March 31, 2015	105,000		$5.17		3.41		$ -
Summary of stock options outstanding			Options Outstanding						Options Exercisable
					Weighted-		Weighted			Weighted
					average		average			average
	Exercise		Number of		remaining		exercise		Number of	exercise
	price		shares		life (years)		price		shares	price
	$5.40		5,000		1.17		$5.40		5,000	$5.40
	$5.16		100,000		3.52		$5.16		100,000	$5.16
			105,000						105,000
Schedule unvested restricted stock				Weighted
		Number of		average
		unvested		grant-date
		RSUs		fair value
	Unvested shares as of January 1, 2015	95,424		$2.72 per share
	Granted, forfeited, or other changes	-
	Unvested shares as of March 31, 2015	95,424		$2.72 per share

F_EARNINGS_PER_COMMON_SHARE_Ta

F. EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Mar. 31, 2015
LOSS PER COMMON SHARE:
Potentially dilutive securities		Three Months Ended
		March 31,
		2015	2014
	Series A Preferred Stock	-	14,295,501
	Series B Preferred Stock	-	7,565,044
	Restricted Stock Awards	1,910,349	1,952,416
	Restricted Stock Units	95,424	113,601
		2,005,773	23,926,562

G_DEBT_AND_INTEREST_EXPENSE_Ta

G. DEBT AND INTEREST EXPENSE (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt		March 31,	December 31,
		2015	2014
	Variable rate revolving credit agreement payable to Société Générale,
	OneWest Bank, FSB, and LegacyTexas Bank, maturing
	May 20, 2017, secured bythe stock of Exploration and its
	interest in POL, and guaranteed by The Yuma Companies, Inc.	$28,450,000	$22,900,000
	Installment loan due June 11, 2015, originating from the
	financing of insurance premiums at 3.76% interest rate.	62,185	154,750
	Installment loan due February 28, 2015, originating from the
	financing of insurance premiums at 3.65% interest rate.	-	128,093
		28,512,185	23,182,843
	Less:  current portion	-62,185	-282,843
	Total long-term debt	$28,450,000	$22,900,000
Schedule interest expense		Three Months Ended
		March 31,
		2015	2014
	Credit agreement	$241,294	$317,911
	Credit agreement commitment fees	15,828	9,594
	Amortization  of credit agreement loan costs	65,144	46,073
	Insurance installment loan	1,726	646
	Other interest charges	837	2,096
	Capitalized interest	-232,822	-236,901
	Total interest expense	$92,007	$139,419

H_INCOME_TAXES_Tables

H. INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2015
H. Income Taxes Tables
Schedule income tax expense (benefit) and effective tax rates		Three Months Ended
		March 31,
		2015	2014
	Consolidated net income (loss) before income taxes	($5,977,574)	($1,143,978)
	Income tax expense (benefit)	-1,959,000	-849,000
	Effective tax rate	33%	74%

I_MERGER_WITH_PYRAMID_OIL_COMP1

I. MERGER WITH PYRAMID OIL COMPANY AND GOODWILL (Tables)	3 Months Ended
	Mar. 31, 2015
I. Merger With Pyramid Oil Company And Goodwill Tables
Schedule of pro forma combined results		Three months ended
		31-Mar-14
	Revenues	$11,640,531
	Net loss	($565,726)
	Net loss per share:
	Basic	($0.01)
	Diluted	($0.01)

J_AT_MARKET_ISSUANCE_SALES_AGR1

J. AT MARKET ISSUANCE SALES AGREEMENT (Tables)	3 Months Ended
	Mar. 31, 2015
Marketable Securities [Abstract]
Summary of securities for the net proceeds		Shares	Net Proceeds
	Common Stock	221,159	$298,259
	Series A Preferred Stock	37,769	$708,590
	Total		$1,006,849

L_SUBSEQUENT_EVENTS_Tables

L. SUBSEQUENT EVENTS (Tables)	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Sales of Securities		Shares	Net Proceeds
	Common Stock	1,005,381	$978,049
	Series A Preferred Stock	9,088	$179,189
	Total		$1,157,238

B_FAIR_VALUE_MEASUREMENTS_Deta

B. FAIR VALUE MEASUREMENTS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Total assets	$898,816	$4,741,646
Level 1
Commodity derivatives
Total assets
Level 2
Commodity derivatives
Total assets	898,816	4,741,646
Level 3
Commodity derivatives
Total assets
Commodity derivatives - oil
Commodity derivatives	538,035	2,858,387
Commodity derivatives - oil | Level 1
Commodity derivatives
Commodity derivatives - oil | Level 2
Commodity derivatives	538,035	2,858,387
Commodity derivatives - oil | Level 3
Commodity derivatives
Commodity derivatives - gas
Commodity derivatives	360,781	1,883,259
Commodity derivatives - gas | Level 1
Commodity derivatives
Commodity derivatives - gas | Level 2
Commodity derivatives	360,781	1,883,259
Commodity derivatives - gas | Level 3
Commodity derivatives

C_COMMODITY_DERIVATIVE_INSTRUM2

C. COMMODITY DERIVATIVE INSTRUMENTS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Asset commodity derivatives:
Current assets	$944,284	$6,413,935
Noncurrent assets	1,051,539	3,163,891
Total	1,995,823	9,577,826
Liability commodity derivatives:
Current liabilities	-364,508	-3,075,398
Noncurrent liabilities	-732,499	-1,760,782
Total	-1,097,007	-4,836,180
Total commodity derivative instruments	$898,816	$4,741,646

C_COMMODITY_DERIVATIVE_INSTRUM3

C. COMMODITY DERIVATIVE INSTRUMENTS (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
C. Commodity Derivative Instruments Details 1
Sales of natural gas and crude oil	$4,572,679	$12,307,018
Gain realized from sale of commodity derivatives	4,030,000
Other gains (losses) realized on commodity derivatives	906,834	-996,631
Gains (losses) unrealized on commodity derivatives	-3,866,266	-978,386
Amortized gains from benefit of sold qualified gas options		23,438
Total sales of natural gas and crude oil	$5,643,247	$10,355,439

C_COMMODITY_DERIVATIVE_INSTRUM4

C COMMODITY DERIVATIVE INSTRUMENTS (Details 2) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Balance, beginning of period, before tax	$63,091	$63,041
Balance, beginning of period, after tax	38,801	38,770
Sale of unexpired contracts previously subject to hedge accounting rules before tax	-119,917
Sale of unexpired contracts previously subject to hedge accounting rules after tax	-73,749
Other reclassifications due to expired contracts previously subject to hedge accounting rules, before tax	23,436	50
Other reclassifications due to expired contracts previously subject to hedge accounting rules, after tax	14,413	31
Balance, end of period, before tax	-33,390	63,091
Balance, end of period, after tax	($20,535)	$38,801

E_StockBased_Compensation_Deta

E. Stock-Based Compensation (Details) (RSA, USD $)	3 Months Ended
	Mar. 31, 2015
RSA
Unvested shares as of January 1, 2014	1,952,671
Granted on March 12, 2015	183,623
Vested	-65,638
Forfeited	-50,991
Unvested shares as of March 31, 2015	2,019,665
Weighted Average Grant-Date Fair Value
Beginning of period	$3.40
Granted on March 12, 2015	$2.67
Vested	$3.14
Forfeited	$3.88
End of period	$3.33

E_StockBased_Compensation_Deta1

E. Stock-Based Compensation (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2015
E. Stock-based Compensation Details 1
Number of Options Outstanding, Beginning	105,000
Number of Options Granted
Number of Options Exercised
Number of Options Forfeited
Number of Options Outstanding, Ending	105,000
Vested	105,000
Number of Options Exercisable	105,000
Weighted Average Exercise Price Outstanding, Beginning	$5.17
Weighted Average Exercise Price Granted
Weighted Average Exercise Price Exercised
Weighted Average Exercise Price Forfeited
Weighted Average Exercise Price Outstanding, Ending	$5.17
Weighted Average Exercise Price Vested	$5.17
Weighted Average Exercise Price Exercisable	$5.17
Weighted Average Remaining Contractual Life (in years) Outstanding	3 years 8 months 28 days
Weighted Average Remaining Contractual Life (in years) at March31, 2015	3 years 5 months 28 days
Weighted Average Remaining Contractual Life (in years) Vested at March 31, 2015	3 years 5 months 28 days
Weighted Average Remaining Contractual Life (in years) Exercisable	3 years 5 months 28 days
Aggregate Intrinsic Value Outstanding, Beginning
Aggregate Intrinsic Value Granted
Aggregate Intrinsic Value Exercised
Aggregate Intrinsic Value Forfeited
Aggregate Intrinsic Value Outstanding, Ending
Aggregate Intrinsic Value Vested, Ending
Aggregate Intrinsic Value Exercisable, Ending

E_StockBased_Compensation_Deta2

E. Stock-Based Compensation (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Number of Options Outstanding, Ending	105,000	105,000
Weighted Average Remaining Contractual Life (in years) Outstanding	3 years 8 months 28 days
Weighted Average Exercise Price Outstanding, Ending	$5.17	$5.17
Number of Options Exercisable	105,000
Weighted Average Exercise Price Exercisable	$5.17
$5.40 Exercise Price
Number of Options Outstanding, Ending	5,000
Weighted Average Remaining Contractual Life (in years) Outstanding	1 year 3 months 1 day
Weighted Average Exercise Price Outstanding, Ending	$5.40
Number of Options Exercisable	5,000
Weighted Average Exercise Price Exercisable	$5.40
$5.16 Exercise Price
Number of Options Outstanding, Ending	100,000
Weighted Average Remaining Contractual Life (in years) Outstanding	3 years 7 months 7 days
Weighted Average Exercise Price Outstanding, Ending	$5.16
Number of Options Exercisable	100,000
Weighted Average Exercise Price Exercisable	$5.16

E_StockBased_Compensation_Deta3

E. Stock-Based Compensation (Details 3) (RSUs, USD $)	3 Months Ended
	Mar. 31, 2015
RSUs
Unvested shares as of January 1, 2014	95,424
Granted, forfeited, or other changes
Unvested shares as of March 31, 2015	95,424
Beginning of period	$2.72
End of period	$2.72

F_EARNINGS_PER_COMMON_SHARE_De

F. EARNINGS PER COMMON SHARE (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
F. Earnings Per Common Share Details
Series A Preferred Stock		14,295,501
Series B Preferred Stock		7,565,044
Restricted Stock Awards	1,910,349	1,952,416
Restricted Stock Units	95,424	113,601
Total	2,005,773	23,926,562

G_Debt_and_Interest_Expense_De

G. Debt and Interest Expense (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Total Debt	$28,512,185	$23,182,843
Less: current portion	-62,185	-282,843
Total long-term debt	28,450,000	22,900,000
Variable rate revolving credit facility payable [Member]
Total Debt	28,450,000	22,900,000
Installment loan due June 11, 2015 [Member]
Total Debt	62,185	154,750
Installment loan due February 28, 2015 [Member]
Total Debt		$128,093

G_Debt_and_Interest_Expense_De1

G. Debt and Interest Expense (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Debt Disclosure [Abstract]
Credit agreement	$241,294	$317,911
Credit agreement commitment fees	15,828	9,594
Amortization of credit agreement loan costs	65,144	46,073
Insurance installment loan	1,726	646
Other interest charges	837	2,096
Capitalized interest	-232,822	-236,901
Total interest expense	$92,007	$139,419

H_INCOME_TAXES_Details

H. INCOME TAXES (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
H. Income Taxes Tables
Consolidated net income (loss) before income taxes	($5,977,574)	($1,143,978)
Income tax expense (benefit)	($1,959,000)	($849,000)
Effective tax rate	33.00%	74.00%

I_MERGER_WITH_PYRAMID_OIL_COMP2

I. MERGER WITH PYRAMID OIL COMPANY AND GOODWILL (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Revenues	$11,640,531
Net loss	($565,726)
Net loss per share:
Basic	($0.01)
Diluted	($0.01)

I_MERGER_WITH_PYRAMID_OIL_COMP3

I. MERGER WITH PYRAMID OIL COMPANY AND GOODWILL (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Sales of natural gas and crude oil	$519,179
Other operating expenses	1,010,052
Non-recurring transaction costs	325,199
Public listing expensed	$1,263,885

J_AT_MARKET_ISSUANCE_SALES_AGR2

J. AT MARKET ISSUANCE SALES AGREEMENT (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Net Proceeds	$1,006,849
COMMON STOCK, NO PAR VALUE
Shares	221,159
Net Proceeds	298,259
Series A Preferred Stock [Member]
Shares	37,769
Net Proceeds	$708,590

L_SUBSEQUENT_EVENTS_Details

L. SUBSEQUENT EVENTS (Details) (Subsequent Event [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Net Proceeds	$1,157,238
Series A Preferred Stock [Member]
Shares	9,088
Net Proceeds	179,189
Common Stock [Member]
Shares	1,005,381
Net Proceeds	$978,049