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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Oil and gas sales $ 1,314,399 $ 343,965
Net realized and unrealized gain (loss) on derivatives 2,509,045 (88,114)
Total Revenue 3,823,444 255,851
Costs and expenses:    
Operating 1,465,954 152,487
Taxes - production 83,959 19,649
Depreciation, depletion and amortization 268,018 18,086
Impairment of oil and natural gas properties 800,452
Accretion of asset retirement obligation 98,954 6,559
General and administrative 528,983 612,589
Total costs and expenses 3,246,320 809,410
Operating income (loss) 577,124 (553,559)
Other income and (expense):    
Gain on sale of assets (1,143,760)
Interest expense (132,869) (33,943)
Net income (loss) $ 1,588,015 $ (587,502)
Net loss per common share, basic and diluted $ 0.08 $ (0.03)
Weighted average number of common shares outstanding basic and diluted 21,050,610 17,805,534