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Asset Retirement Obligations (Details) |  | 6 Months Ended | 12 Months Ended
--- | --- | --- | ---
Nov. 01, 2019 USD ($) | Dec. 31, 2020 USD ($) well | Jun. 30, 2020 USD ($) well
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] |  |  |
Asset retirement obligations — beginning of period |  | $ 2,588,894 | $ 1,610,845
Liabilities incurred |  | 0 | 944,278
Liabilities settled |  | (99,231) | (86,592)
Accretion of discount |  | 87,853 | 146,504
Revision of previous estimates |  | 91,430 | (26,141)
Asset retirement obligations — end of period |  | 2,668,946 | 2,588,894
Less: current asset retirement obligations |  | 22,264 | 0
Long-term portion of asset retirement obligations |  | $ 2,646,682 | $ 2,588,894
Delhi field |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Abandoned wells | well |  | 2 | 1
Hamilton Dome Field |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Abandoned wells | well |  |  | 4
Abandoned wells in next twelve months | well |  | 2 |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] |  |  |
Liabilities incurred | $ 900,000 |  |

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 + Details
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- Definition Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6392676&loc=d3e7480-110848 + Details
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- Definition Current portion of 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 + Details
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