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Property (Tables)
 12 Months Ended
Dec. 31, 2019
Property  
Schedule of capitalized costs of oil and natural gas properties

 

 

2019

 

2018

 

Proved producing wells

 

$

3,826,522

 

$

584,461

 

Proved undeveloped

 

2,232,358

 

547,882

 

Lease and well equipment

 

1,121,527

 

284,233

 

Asset retirement obligation

 

5,480,050

 

228,721

 

Gross capitalized costs

 

12,660,457

 

1,645,297

 

Depreciation, Depletion and Amortization

 

(3,365,340

)

 

(15,527

)

 

Net capitalized costs

 

$

9,295,117

 

$

1,629,770