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FAIR VALUE MEASUREMENTS (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Oil and gas derivative contracts $ (3,000,078) $ 3,066,913 $ 1,189,545 $ (340,685) $ 0 $ (3,968,286)
Total (3,000,078) 3,066,913 1,189,545 (340,685) 0 (3,968,286)
Fair Value, Inputs, Level 1 [Member]            
Oil and gas derivative contracts 0 0 0 0 0 0
Total 0 0 0 0 0 0
Fair Value, Inputs, Level 2 [Member]            
Oil and gas derivative contracts (3,000,078) 3,066,913 1,189,545 (340,685) 0 (3,968,286)
Total (3,000,078) 3,066,913 1,189,545 (340,685) 0 (3,968,286)
Fair Value, Inputs, Level 3 [Member]            
Oil and gas derivative contracts 0 0 0 0 0 0
Total $ 0 $ 0 $ 0 $ 0 $ 0 $ 0