Related Party Transactions	9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 5 - RELATED PARTY TRANSACTIONS The Company, through its wholly owned subsidiary, CEGX of Texas, LLC has entered into Contract Operating Agreements with Bradford JV and Keystone Energy, LLC. Under the terms of these agreements, the Company has agreed to perform routine and major operations, marketing services, accounting services, reporting services and other administrative services on behalf of the Bradford JV as necessary to operate Bradford JV’s oil and gas operations on the Bradford “A” and Bradford “B” leases located in Shackelford County, Texas. In June 2016, Keystone Energy, LLC, elected not to exercise their option to acquire the remaining interest in the Bradford JV under the Participation Interest Purchase and Sale Agreement (the “PIPSA”) dated in June 2015. In June 2016, the Company following the expiration of the 365 day escrow period pursuant to PIPSA and upon payment of $100 by the Company to Keystone Energy, LLC, reacquired its original 20 participation interests in Bradford JV . The Company has determined that the agreements and the Company’s participation in the Bradford Joint Venture created a related party relationship and as such has reported the billed revenues of $45,391 and $425,279 during the nine months ended September 30, 2016 and 2015, respectively and the related accounts receivable of $0 and $180,712 at September 30, 2016 and December 31, 2015, respectively as related party transactions in the unaudited condensed consolidated financial statements. Related party payables are nil at September 30, 2016 and December 31, 2015. During the nine months ended September 30, 2016, following the expiration of the 365 day escrow period pursuant to PIPSA the Company reacquired its original 20 participation interests in Bradford JV. In addition, during the third quarter of 2016 the unpaid balance of accounts receivable of $186,932 as of June 30, 2016 related to unreimbursed charges for drilling, production and development work performed at the Bradford A and B leases was extinguished and exchanged for additional participation interests in the Bradford JV. This transaction was recorded on the balance sheet as an addition to oil and gas properties.

Related Party Transactions

9 Months Ended

Sep. 30, 2016

NOTE 5 - RELATED PARTY TRANSACTIONS

The Company, through its wholly owned subsidiary, CEGX of Texas, LLC has entered into Contract Operating Agreements with Bradford JV and Keystone Energy, LLC. Under the terms of these agreements, the Company has agreed to perform routine and major operations, marketing services, accounting services, reporting services and other administrative services on behalf of the Bradford JV as necessary to operate Bradford JV’s oil and gas operations on the Bradford “A” and Bradford “B” leases located in Shackelford County, Texas.

In June 2016, Keystone Energy, LLC, elected not to exercise their option to acquire the remaining interest in the Bradford JV under the Participation Interest Purchase and Sale Agreement (the “PIPSA”) dated in June 2015. In June 2016, the Company following the expiration of the 365 day escrow period pursuant to PIPSA and upon payment of $100 by the Company to Keystone Energy, LLC, reacquired its original 20 participation interests in Bradford JV .

The Company has determined that the agreements and the Company’s participation in the Bradford Joint Venture created a related party relationship and as such has reported the billed revenues of $45,391 and $425,279 during the nine months ended September 30, 2016 and 2015, respectively and the related accounts receivable of $0 and $180,712 at September 30, 2016 and December 31, 2015, respectively as related party transactions in the unaudited condensed consolidated financial statements. Related party payables are nil at September 30, 2016 and December 31, 2015. During the nine months ended September 30, 2016, following the expiration of the 365 day escrow period pursuant to PIPSA the Company reacquired its original 20 participation interests in Bradford JV. In addition, during the third quarter of 2016 the unpaid balance of accounts receivable of $186,932 as of June 30, 2016 related to unreimbursed charges for drilling, production and development work performed at the Bradford A and B leases was extinguished and exchanged for additional participation interests in the Bradford JV. This transaction was recorded on the balance sheet as an addition to oil and gas properties.

Cardinal Energy Group, Inc. 10-Q