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REVENUES (Tables) | 12 Months Ended
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Dec. 31, 2023
Revenue |
SCHEDULE OF GROSS OIL AND GAS REVENUE DISAGGREGATED BY REVENUE | The following table presents the Company’s gross oil and gas revenue disaggregated by revenue source: SCHEDULE OF GROSS OIL AND GAS REVENUE DISAGGREGATED BY REVENUE
|  | 2023 |  |  | 2022 |
|  | December 31, |
|  | 2023 |  |  | 2022 |
Oil revenue |  | $ | 59,749 |  |  | $ | 42,795 |
Natural gas revenue |  |  | 1,742 |  |  |  | 2,759 |
NGL revenue |  |  | 2,899 |  |  |  | 2,822 |
Total oil and natural gas revenues |  |  | 64,390 |  |  |  | 48,376 |
Less: Royalties |  |  | (13,793 | ) |  |  | (10,816 | )
Oil and natural gas revenues, net of royalties |  | $ | 50,597 |  |  | $ | 37,560 |

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