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PROPERTY AND EQUIPMENT (Tables)
9 Months Ended
Sep. 30, 2020
PROPERTY AND EQUIPMENT  
Schedule of property and equipment
Other property and equipment, at cost

 

$ 14,456

 

Less: accumulated depreciation

 

 

(4,184 )
Oher property and equipment, net

 

$ 10,272

 

Schedule of capitalized costs of oil and natural gas properties
Proved producing wells

 

$ 5,284,041

 

Proved undeveloped

 

 

2,232,458

 

Lease, well and gathering  equipment

 

 

1,680,692

 

Asset retirement obligation

 

 

14,988,534

 

Unproved leasehold costs

 

 

492,741

 

Gross capitalized costs

 

 

24,678,466

 

Less: accumulated depreciation, depletion and impairment

 

 

(5,172,138 )

 

 

$ 19,506,328