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REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2019

REVENUE RECOGNITION

Schedule of disaggregation of revenue

​

​	​	​	​	​	​	​	​	​	​
​	​	For the years ended December 31,
​		2019			2018			2017
Operating revenues		​			​			​
Oil	​	$	191,891,314	​	$	116,678,375	​	$	64,236,490
Natural gas	​		3,811,517	​		3,386,986	​		2,463,210
​	​	​	​	​	​	​	​	​	​
Total operating revenues	​	$	195,702,831	​	$	120,065,361	​	$	66,699,700

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

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- References

No definition available.

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