Financials

v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and Cash Equivalents $ 12,389,230us-gaap_CashAndCashEquivalentsAtCarryingValue $ 144,255,438us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted Cash    15,000,512us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Accounts Receivable - Oil and Natural Gas Sales 7,203,455us-gaap_AccountsReceivableNetCurrent 8,715,821us-gaap_AccountsReceivableNetCurrent
Accounts Receivable - Joint Interest Partners 31,842,464us-gaap_OilAndGasJointInterestBillingReceivablesCurrent 31,523,204us-gaap_OilAndGasJointInterestBillingReceivablesCurrent
Other Receivables 980,317us-gaap_OtherReceivables 577,409us-gaap_OtherReceivables
Prepaid Expenses and Other Current Assets 289,061us-gaap_PrepaidExpenseAndOtherAssetsCurrent 206,299us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Fair Value of Commodity Derivatives 5,044,125us-gaap_EnergyMarketingContractsAssetsCurrent   
Total Current Assets 57,748,652us-gaap_AssetsCurrent 200,278,683us-gaap_AssetsCurrent
Oil and Natural Gas Properties, Full Cost Method, at cost:    
Proved Oil and Natural Gas Properties 593,472,170us-gaap_CapitalizedCostsProvedProperties 211,015,067us-gaap_CapitalizedCostsProvedProperties
Unproved Oil and Natural Gas Properties 166,708,263us-gaap_CapitalizedCostsUnprovedProperties 57,015,315us-gaap_CapitalizedCostsUnprovedProperties
Equipment and Facilities 6,086,896us-gaap_CapitalizedCostsSupportEquipmentAndFacilities 1,837,744us-gaap_CapitalizedCostsSupportEquipmentAndFacilities
Other Property and Equipment 2,583,372us-gaap_PropertyPlantAndEquipmentOther 890,811us-gaap_PropertyPlantAndEquipmentOther
Total Property and Equipment 768,850,701us-gaap_PropertyPlantAndEquipmentGross 270,758,937us-gaap_PropertyPlantAndEquipmentGross
Less - Accumulated Depreciation, Depletion and Amortization (149,703,417)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (48,176,522)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Total Property and Equipment, Net 619,147,284us-gaap_PropertyPlantAndEquipmentNet 222,582,415us-gaap_PropertyPlantAndEquipmentNet
Restricted Cash 4,000,000us-gaap_RestrictedCashAndCashEquivalentsNoncurrent 6,000,000us-gaap_RestrictedCashAndCashEquivalentsNoncurrent
Fair Value of Commodity Derivatives    68,396us-gaap_EnergyMarketingContractsAssetsNoncurrent
Debt Issuance Costs, Net of Amortization 5,779,125us-gaap_DeferredFinanceCostsNoncurrentNet 475,157us-gaap_DeferredFinanceCostsNoncurrentNet
Deposits on Acquisitions 140,173us-gaap_BusinessCombinationContingentConsiderationAsset 125,368us-gaap_BusinessCombinationContingentConsiderationAsset
Deferred Tax Asset, Net 1,813,796us-gaap_DeferredTaxAssetsNetNoncurrent   
Other Non-Current Assets 430,846us-gaap_OtherAssetsNoncurrent 357,644us-gaap_OtherAssetsNoncurrent
Total Assets 689,059,876us-gaap_Assets 429,887,663us-gaap_Assets
CURRENT LIABILITIES    
Accounts Payable 120,136,903us-gaap_AccountsPayableCurrent 63,168,422us-gaap_AccountsPayableCurrent
Fair Value of Commodity Derivatives    921,401us-gaap_EnergyMarketingContractLiabilitiesCurrent
Accrued Expenses 11,267,831us-gaap_AccruedLiabilitiesCurrent 11,821,729us-gaap_AccruedLiabilitiesCurrent
Advances from Joint Interest Partners 2,577,247us-gaap_DueToAffiliateCurrent 2,205,538us-gaap_DueToAffiliateCurrent
Deferred Tax Liability, Net 1,813,796us-gaap_DeferredTaxLiabilitiesCurrent   
Total Current Liabilities 135,795,777us-gaap_LiabilitiesCurrent 78,117,090us-gaap_LiabilitiesCurrent
LONG-TERM LIABILITIES    
Revolving Credit Facility 75,000,000us-gaap_LongTermLineOfCredit   
Convertible Senior Notes 151,500,000us-gaap_ConvertibleDebtNoncurrent  
Asset Retirement Obligations 2,671,975us-gaap_AssetRetirementObligationsNoncurrent 692,137us-gaap_AssetRetirementObligationsNoncurrent
Warrant Liability 2,199,000us-gaap_WarrantsAndRightsOutstanding 15,703,000us-gaap_WarrantsAndRightsOutstanding
Other Non-Current Liabilities    56,327us-gaap_OtherLiabilitiesNoncurrent
Total Liabilities 367,166,752us-gaap_Liabilities 94,568,554us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES      
Preferred Stock - Par Value $.001; 20,000,000 Shares Authorized;    
Series B Voting Preferred Stock - 5,114,633 issued and outstanding at December 31, 2014 and December 31, 2013. Liquidation preference value of $5,115 as of December 31, 2014 and December 31, 2013. 5,000us-gaap_PreferredStockValue 5,000us-gaap_PreferredStockValue
STOCKHOLDERS' EQUITY    
Common Stock, Par Value $.001; 500,000,000 Shares Authorized, 77,828,613 and 65,840,370 Shares Issued and Outstanding, respectively 77,828us-gaap_CommonStockValue 65,840us-gaap_CommonStockValue
Additional Paid-In Capital 455,008,596us-gaap_AdditionalPaidInCapital 416,301,344us-gaap_AdditionalPaidInCapital
Accumulated Deficit (133,198,300)us-gaap_RetainedEarningsAccumulatedDeficit (81,053,075)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity 321,888,124us-gaap_StockholdersEquity 335,314,109us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Equity $ 689,059,876us-gaap_LiabilitiesAndStockholdersEquity $ 429,887,663us-gaap_LiabilitiesAndStockholdersEquity
v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
REVENUES      
Oil Sales $ 98,532,131us-gaap_OilAndGasSalesRevenue $ 52,609,790us-gaap_OilAndGasSalesRevenue $ 27,264,526us-gaap_OilAndGasSalesRevenue
Natural Gas Sales 2,636,460eox_NaturalGasSales 1,371,250eox_NaturalGasSales 865,459eox_NaturalGasSales
Net Gain (Losses) on Commodity Derivatives 11,439,240us-gaap_GainLossOnPriceRiskDerivativesNet (2,656,535)us-gaap_GainLossOnPriceRiskDerivativesNet (215,439)us-gaap_GainLossOnPriceRiskDerivativesNet
Total Revenues 112,607,831us-gaap_Revenues 51,324,505us-gaap_Revenues 27,914,546us-gaap_Revenues
OPERATING EXPENSES      
Production Expenses 20,559,423us-gaap_OilAndGasProductionExpense 8,520,414us-gaap_OilAndGasProductionExpense 2,727,133us-gaap_OilAndGasProductionExpense
Production Taxes 11,010,300us-gaap_ProductionTaxExpense 5,702,521us-gaap_ProductionTaxExpense 2,955,015us-gaap_ProductionTaxExpense
General and Administrative Expenses 25,186,682us-gaap_GeneralAndAdministrativeExpense 30,507,114us-gaap_GeneralAndAdministrativeExpense 12,903,845us-gaap_GeneralAndAdministrativeExpense
Depletion of Oil and Natural Gas Properties 34,798,218us-gaap_DepletionOfOilAndGasProperties 17,310,059us-gaap_DepletionOfOilAndGasProperties 12,770,718us-gaap_DepletionOfOilAndGasProperties
Impairment of Oil and Natural Gas Properties 66,430,000us-gaap_ImpairmentOfOilAndGasProperties 0us-gaap_ImpairmentOfOilAndGasProperties 61,900,692us-gaap_ImpairmentOfOilAndGasProperties
Depreciation and Amortization 389,551us-gaap_OtherDepreciationAndAmortization 144,492us-gaap_OtherDepreciationAndAmortization 53,818us-gaap_OtherDepreciationAndAmortization
Accretion of Discount on Asset Retirement Obligations 104,803us-gaap_AssetRetirementObligationAccretionExpense 32,449us-gaap_AssetRetirementObligationAccretionExpense 14,988us-gaap_AssetRetirementObligationAccretionExpense
Acquisition Costs 409,712us-gaap_BusinessCombinationAcquisitionRelatedCosts      
Early Rig Termination Expense 4,286,906us-gaap_ExplorationAbandonmentAndImpairmentExpense      
Gain on Sale of Oil and Natural Gas Properties    (7,371,804)us-gaap_GainLossOnSaleOfOilAndGasProperty   
Total Operating Expenses 163,175,595us-gaap_CostsAndExpenses 54,845,245us-gaap_CostsAndExpenses 93,326,209us-gaap_CostsAndExpenses
LOSS FROM OPERATIONS (50,567,764)us-gaap_OperatingIncomeLoss (3,520,740)us-gaap_OperatingIncomeLoss (65,411,663)us-gaap_OperatingIncomeLoss
OTHER INCOME (EXPENSE)      
Interest Expense (4,675,475)us-gaap_InterestExpense (287,934)us-gaap_InterestExpense (2,614,240)us-gaap_InterestExpense
Warrant Revaluation Expense 13,504,000us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet (7,077,000)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet   
Debt Conversion Expense (10,438,080)us-gaap_InducedConversionOfConvertibleDebtExpense      
Gain on Acquisition of Business, Net     5,758,048eox_GainOnAcquisitionOfBusinessNet
Other Income (Expense) 32,094us-gaap_OtherNonoperatingIncomeExpense 2,779us-gaap_OtherNonoperatingIncomeExpense (28,244)us-gaap_OtherNonoperatingIncomeExpense
Total Other Income (Expense), Net (1,577,461)us-gaap_NonoperatingIncomeExpense (7,362,155)us-gaap_NonoperatingIncomeExpense 3,115,564us-gaap_NonoperatingIncomeExpense
INCOME (LOSS) BEFORE INCOME TAXES (52,145,225)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (10,882,895)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (62,296,099)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
INCOME TAX PROVISION         
NET LOSS (52,145,225)us-gaap_NetIncomeLoss (10,882,895)us-gaap_NetIncomeLoss (62,296,099)us-gaap_NetIncomeLoss
Less: Preferred Stock Dividends and Deemed Dividends    (20,279,197)us-gaap_PreferredStockDividendsIncomeStatementImpact   
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (52,145,225)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (31,162,092)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (62,296,099)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net Loss Per Common Share - Basic and Diluted (in Dollars per Share) $ (0.78)us-gaap_EarningsPerShareBasicAndDiluted $ (0.75)us-gaap_EarningsPerShareBasicAndDiluted $ (4.91)us-gaap_EarningsPerShareBasicAndDiluted
Weighted Average Shares Outstanding - Basic and Diluted (in Shares) 66,772,458us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 41,383,277us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 12,699,544us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Loss $ (52,145,225)us-gaap_NetIncomeLoss $ (10,882,895)us-gaap_NetIncomeLoss $ (62,296,099)us-gaap_NetIncomeLoss
Adjustments to Reconcile Net Loss to Net Cash Provided By (Used For) Operating Activities:      
Depletion of Oil and Natural Gas Properties 34,798,218us-gaap_DepletionOfOilAndGasProperties 17,310,059us-gaap_DepletionOfOilAndGasProperties 12,770,718us-gaap_DepletionOfOilAndGasProperties
Impairment of Oil and Natural Gas Properties 66,430,000us-gaap_ImpairmentOfOilAndGasProperties 0us-gaap_ImpairmentOfOilAndGasProperties 61,900,692us-gaap_ImpairmentOfOilAndGasProperties
Depreciation and Amortization 389,551us-gaap_OtherDepreciationAndAmortization 144,492us-gaap_OtherDepreciationAndAmortization 53,818us-gaap_OtherDepreciationAndAmortization
Amortization of Debt Issuance Costs 1,711,171us-gaap_AmortizationOfFinancingCosts 127,857us-gaap_AmortizationOfFinancingCosts 1,929,561us-gaap_AmortizationOfFinancingCosts
Accretion of Discount on Asset Retirement Obligations 104,803us-gaap_AssetRetirementObligationAccretionExpense 32,449us-gaap_AssetRetirementObligationAccretionExpense 14,988us-gaap_AssetRetirementObligationAccretionExpense
Net (Gains) Losses on Commodity Derivatives (11,439,240)us-gaap_GainLossOnPriceRiskDerivativesNet 2,656,535us-gaap_GainLossOnPriceRiskDerivativesNet 215,439us-gaap_GainLossOnPriceRiskDerivativesNet
Net Cash Settlements Paid on Commodity Derivatives 5,542,110eox_NetCashSettlementsPaidOnCommodityDerivatives (1,984,778)eox_NetCashSettlementsPaidOnCommodityDerivatives (34,191)eox_NetCashSettlementsPaidOnCommodityDerivatives
Gain on Sale of Oil and Natural Gas Properties    (7,371,804)us-gaap_GainLossOnSaleOfOilAndGasProperty   
Gain on Acquisition of Business       (7,213,835)us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount
Warrant Revaluation Expense (Gain) (13,504,000)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet 7,077,000us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet   
Share-Based Compensation Expense 11,459,431us-gaap_ShareBasedCompensation 12,885,209us-gaap_ShareBasedCompensation 7,318,690us-gaap_ShareBasedCompensation
Debt Conversion Expense 10,438,080us-gaap_InducedConversionOfConvertibleDebtExpense      
Deferred Income Taxes         
Changes in Assets and Liabilities      
(Increase) Decrease in Trade Receivables - Oil and Natural Gas Revenues 1,512,366us-gaap_IncreaseDecreaseInAccountsReceivable (200,956)us-gaap_IncreaseDecreaseInAccountsReceivable (5,267,453)us-gaap_IncreaseDecreaseInAccountsReceivable
Increase in Accounts Receivable - Joint Interest Partners (319,260)us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease (27,464,913)us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease (4,058,291)us-gaap_InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease
(Increase) Decrease in Other Receivables (402,908)us-gaap_IncreaseDecreaseInOtherReceivables 556,440us-gaap_IncreaseDecreaseInOtherReceivables (1,133,849)us-gaap_IncreaseDecreaseInOtherReceivables
Increase in Prepaid Expenses and Other Current Assets (82,762)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (103,126)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (54,843)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Increase in Other Non-Current Assets (73,201)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets (96,869)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets (100,100)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets
Increase in Accounts Payable 9,152,337us-gaap_IncreaseDecreaseInAccountsPayableTrade 2,831,342us-gaap_IncreaseDecreaseInAccountsPayableTrade 30,123us-gaap_IncreaseDecreaseInAccountsPayableTrade
Increase (Decrease) in Accrued Expenses (7,055,970)us-gaap_IncreaseDecreaseInAccruedLiabilities 8,412,533us-gaap_IncreaseDecreaseInAccruedLiabilities 214,399us-gaap_IncreaseDecreaseInAccruedLiabilities
Increase (Decrease) in Other Non-Current Liabilities (56,327)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities 56,327us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities   
Increases in Advances from Joint Interest Partners 371,709us-gaap_IncreaseDecreaseInDueToAffiliates 2,205,538us-gaap_IncreaseDecreaseInDueToAffiliates   
Net Cash Provided By Operating Activities 56,830,883us-gaap_NetCashProvidedByUsedInOperatingActivities 6,190,440us-gaap_NetCashProvidedByUsedInOperatingActivities 4,289,767us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of Other Property and Equipment (1,692,561)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment (505,788)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment (172,785)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment
Restricted Cash Released 17,000,512us-gaap_DecreaseInRestrictedCash    
Restricted Cash Received    (21,000,512)us-gaap_IncreaseInRestrictedCash   
Payments of Restricted Cash (2,648,721)us-gaap_IncreaseDecreaseInRestrictedCash      
Increase in Deposits for Acquisitions (14,805)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1 (125,368)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1   
Use of (Payments for) Prepaid Drilling Costs    100,193us-gaap_PaymentsForProceedsFromProductiveAssets (67,030)us-gaap_PaymentsForProceedsFromProductiveAssets
Proceeds from Sale of Oil and Natural Gas Properties, Net of Transaction Costs 36,155,859us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment 129,432,743us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment   
Investment in Oil and Natural Gas Properties (478,068,380)us-gaap_PaymentsToAcquireOilAndGasPropertyAndEquipment (182,901,806)us-gaap_PaymentsToAcquireOilAndGasPropertyAndEquipment (66,212,818)us-gaap_PaymentsToAcquireOilAndGasPropertyAndEquipment
Net Cash Used For Investing Activities (429,268,096)us-gaap_NetCashProvidedByUsedInInvestingActivities (75,000,538)us-gaap_NetCashProvidedByUsedInInvestingActivities (66,452,633)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the Issuance of Convertible Notes, Net of Transactions Costs 166,893,211us-gaap_ProceedsFromConvertibleDebt      
Proceeds from Issuance of Common Stock, Net of Transaction Costs    238,354,687us-gaap_ProceedsFromIssuanceOfCommonStock 72,167,012us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from Issuance of Preferred Stock, Net of Transaction Costs    47,183,994us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock   
Payments on Preferred Stock    (50,000,000)us-gaap_PaymentsForRepurchaseOfRedeemablePreferredStock   
Advances on Revolving Credit Facility and Term Loan 110,000,000us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt    56,530,730us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt
Payments on Revolving Credit Facility (35,000,000)us-gaap_RepaymentsOfOtherLongTermDebt (23,500,000)us-gaap_RepaymentsOfOtherLongTermDebt (33,030,730)us-gaap_RepaymentsOfOtherLongTermDebt
Payments of Senior Secured Promissory Notes       (15,000,000)us-gaap_RepaymentsOfSecuredDebt
Payment of Assumed Liabilities       (20,303,903)eox_PaymentsOfLiabilitiesAssumed
Cash Paid for Finance Costs (24,605)us-gaap_PaymentsOfFinancingCosts (333,333)us-gaap_PaymentsOfFinancingCosts (1,935,131)us-gaap_PaymentsOfFinancingCosts
Preferred Stock Dividends and Deemed Dividends    (8,832,191)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock   
Cash Paid for Debt Issuance Costs (1,408,351)us-gaap_PaymentsOfDebtIssuanceCosts      
Proceeds from Exercise of Stock Options and Warrants 110,750us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions      
Net Cash Provided by Financing Activities 240,571,005us-gaap_NetCashProvidedByUsedInFinancingActivities 202,873,157us-gaap_NetCashProvidedByUsedInFinancingActivities 58,427,978us-gaap_NetCashProvidedByUsedInFinancingActivities
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (131,866,208)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 134,063,059us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (3,734,888)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 144,255,438us-gaap_CashAndCashEquivalentsAtCarryingValue 10,192,379us-gaap_CashAndCashEquivalentsAtCarryingValue 13,927,267us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS - END OF PERIOD 12,389,230us-gaap_CashAndCashEquivalentsAtCarryingValue 144,255,438us-gaap_CashAndCashEquivalentsAtCarryingValue 10,192,379us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosure of Cash Flow Information      
Cash Paid During the Period for Interest 2,121,184us-gaap_InterestPaid 255,776us-gaap_InterestPaid 1,154,943us-gaap_InterestPaid
Cash Paid During the Period for Income Taxes         
Non-Cash Financing and Investing Activities:      
Oil and Natural Gas Properties Included in Account Payable 107,957,324us-gaap_CapitalExpendituresIncurredButNotYetPaid 60,141,180us-gaap_CapitalExpendituresIncurredButNotYetPaid 38,973,137us-gaap_CapitalExpendituresIncurredButNotYetPaid
Stock-Based Compensation Capitalized to Oil and Natural Gas Properties 2,273,656eox_StockBasedCompensationCapitalizedToOilAndNaturalGasProperties 1,193,960eox_StockBasedCompensationCapitalizedToOilAndNaturalGasProperties 582,040eox_StockBasedCompensationCapitalizedToOilAndNaturalGasProperties
Accretion on Preferred Stock Issuance Discount    8,626,000us-gaap_PreferredStockAccretionOfRedemptionDiscount   
Accretion of Preferred Stock Issuance Costs    2,816,000eox_AccretionOfPreferredStockIssuanceCosts   
Asset Retirement Obligation Costs and Liabilities 1,966,907us-gaap_CostsIncurredAssetRetirementObligationIncurred 676,240us-gaap_CostsIncurredAssetRetirementObligationIncurred 164,967us-gaap_CostsIncurredAssetRetirementObligationIncurred
Asset Retirement Obligations Associated With Properties Sold 19,317us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount 312,625us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount   
Asset Retirement Obligations Settled through P&A 72,556eox_AssetRetirementObligationsSettledThroughPAndA      
Common Stock Issued for Oil and Natural Gas Properties    6,736,935us-gaap_StockIssuedDuringPeriodValueIssuedForNoncashConsiderations   
Debt Extinguished in Conversion of Convertible Notes 21,000,000us-gaap_NotesReduction      
Purchases through Issuance of Common Stock or Assumption of Liabilities:      
Oil and Natural Gas Properties       40,787,238us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
Other Property and Equipment       36,000eox_NonCashBusinessAcquisitionsOfOtherPropertyAndEquipment
Other Non-Current Assets       75,000eox_NonCashBusinessAcquisitionsOfOtherAssets
Non-Cash Acquisition of Business Amounts:      
Fair Market Value of Common Stock Issued       13,380,501us-gaap_StockIssued1
Debt Assumed       $ 20,303,903us-gaap_LoansAssumed1