Summary of Significant Accounting Policies (Details 4) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2020 |
Dec. 31, 2019 |
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| Summary of Significant Accounting Policies | ||
| Asset retirement obligation, beginning | $ 3,538,637 | $ 4,413,465 |
| Oil and gas purchases | 1,514,328 | 94,769 |
| Adjustments through disposals and settlements | 0 | (1,361,106) |
| Accretion expense | 1,111,266 | 391,482 |
| Asset retirement obligation, ending | $ 6,164,231 | $ 3,538,637 |
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- Definition Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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