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PROPERTY AND EQUIPMENT (Tables)
3 Months Ended
Mar. 31, 2020
PROPERTY AND EQUIPMENT  
Schedule of capitalized costs of oil and natural gas properties

Proved producing wells   $ 3,832,783  
Proved undeveloped     2,232,458  
Lease and well equipment     1,112,045  
Asset retirement obligation     5,480,050  
Unproved leasehold costs     492,480  
Gross capitalized costs     13,149,816  
Less: accumulated depreciation, depletion and impairment     (4,433,025 )
    $ 8,716,791  
Schedule of property and equipment

 

Oher property and equipment, at cost   $ 14,456  
Less: accumulated depreciation     (2,615 )
Oher property and equipment, net   $ 11,841