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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash $ 18,076 $ 84,631
Accounts receivable 1,163,829 124,577
Unrealized gain on derivative instruments 776,431 113,081
Inventory 468,023
Prepaids 141,497 45,214
Total current assets 2,567,856 367,503
Oil and natural gas properties, successful efforts 10,878,151 1,645,297
Less: accumulated depreciation and depletion (1,664,059) (15,527)
Total oil and natural gas properties, net 9,214,092 1,629,770
Other property and equipment, net of $1,046 accumulated depreciation 13,410
Total property and equipment, net 9,227,502 1,629,770
Total assets 11,795,358 1,997,273
Current liabilities:    
Accounts payable 777,991 320,749
Accrued expenses 981,646 141,033
Current portion of long term notes payable 151,051 279,204
Total current liabilities 1,910,688 740,986
Long term notes payable 7,994,736 1,175,820
Asset retirement obligations 3,764,502 230,650
Total liabilities 13,669,926 2,147,456
Stockholders' deficit:    
Common stock - $.001 par value 150,000,000 shares authorized, 19,867,277 and 17,345,609 shares issued and outstanding, respectively. 19,867 17,345
Additional paid in capital 18,774,426 16,960,818
Accumulated deficit (20,668,861) (17,128,346)
Total stockholders' deficit (1,874,568) (150,183)
Total liabilities and stockholders' deficit $ 11,795,358 $ 1,997,273