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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ 1,588,015 $ (587,502)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Gain on sales of assets (1,143,760)
Amortization of warrant value and conversion feature on convertible notes 1,449
Amortization of loan issue costs 14,586
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
Change in operating assets and liabilities:    
Accounts receivable 304,020 (115,870)
Unrealized (gain) loss on derivative instrument (1,975,760) 88,114
Inventory 320,917 (33,703)
Prepaids 25,309 6,095
Accounts payable 69,809 260,089
Accrued expenses (199,777) 243,083
Net cash provided by (used in) operating activities 170,783 (113,560)
Cash flows from investing activities:    
Acquisition of oil and natural gas properties (506,000) (5,187,882)
Proceeds from sale of oil and natural gas properties 1,160,400
Deposit for purchase of oil and natural gas properties (850,000)
Net cash used in investing activities (195,600) (5,187,882)
Cash flows from financing activities:    
Proceeds from debt issued 765,000 5,079,744
Principal payments of debt (150,000)
Proceeds from stock and warrant issuance 167,000
Net cash provided by financing activities 615,000 5,246,744
Net change in cash 590,183 (54,698)
Cash - Beginning of period 84,631
Cash - End of period 590,183 29,933
Supplemental cash flow information:    
Cash paid for interest 179,820 19,710
Non-cash investing and financing activities:    
Non-cash additions to asset retirement obligations 3,267,380
Common stock issued in exchange for outstanding notes payable $ 102,500 $ 50,000