Summary of Significant Accounting Policies (Details 4) - USD ($) |
6 Months Ended | 12 Months Ended |
|---|---|---|
Jun. 30, 2017 |
Dec. 31, 2016 |
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| Summary Of Significant Accounting Policies Details 4 | ||
| Asset retirement obligation – beginning | $ 833,017 | $ 416,246 |
| Oil and gas purchases | 393,808 | |
| Accretion expense | 18,641 | 22,963 |
| Asset retirement obligation - ending | $ 851,658 | $ 833,017 |
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- References No definition available.
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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://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Cost of oil and gas purchased during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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