Debt (Details) (USD $)
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0 Months Ended | |||
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Sep. 17, 2014
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Dec. 31, 2014
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Feb. 04, 2015
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Jan. 31, 2011
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West Texas State Bank | Revolving Credit Facility | ||||
Debt Instrument [Line Items] | ||||
Maximum borrowing capacity |
8,000,000.0us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_LineOfCreditFacilityAxis = mpet_WestTexasStateBankMember |
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Outstanding balance on line of credit |
3,500,000us-gaap_LineOfCredit / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_LineOfCreditFacilityAxis = mpet_WestTexasStateBankMember |
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West Texas State Bank | Prime Rate | Revolving Credit Facility | ||||
Debt Instrument [Line Items] | ||||
Interest rate |
3.25%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_LineOfCreditFacilityAxis = mpet_WestTexasStateBankMember / us-gaap_VariableRateAxis = us-gaap_PrimeRateMember |
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West Texas State Bank | Floor Rate | Revolving Credit Facility | ||||
Debt Instrument [Line Items] | ||||
Interest rate |
3.25%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_LineOfCreditFacilityAxis = mpet_WestTexasStateBankMember / us-gaap_VariableRateAxis = mpet_FloorRateMember |
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West Texas State Bank | Subsequent Event | Revolving Credit Facility | ||||
Debt Instrument [Line Items] | ||||
Outstanding balance on line of credit |
3,500,000us-gaap_LineOfCredit / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_LineOfCreditFacilityAxis = mpet_WestTexasStateBankMember / us-gaap_SubsequentEventTypeAxis = us-gaap_SubsequentEventMember |
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Jonah Bank of Wyoming | Letter of Credit | ||||
Debt Instrument [Line Items] | ||||
Maximum borrowing capacity |
25,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = us-gaap_LetterOfCreditMember / us-gaap_LineOfCreditFacilityAxis = mpet_JonahBankofWyomingMember |
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Notes Payable | Note Payable Due June 2014 | ||||
Debt Instrument [Line Items] | ||||
Outstanding principal |
$ 1,700,000us-gaap_LongTermDebt / us-gaap_DebtInstrumentAxis = mpet_NotePayableDueJune2014Member / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |
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- Definition
The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The effective interest rate during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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