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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Oil and Gas Sales $ 1,645,403 $ 1,695,264 $ 3,954,332 $ 4,016,232
Net realized and unrealized Gain (Loss) on Derivatives (103,166) 492,862 2,003,505 925,231
Total Revenue 1,542,237 2,188,126 5,957,837 4,941,463
Costs and Expenses:        
Operating 1,286,598 1,577,437 3,476,088 2,971,308
Taxes - Production 88,630 109,878 233,158 259,351
Depletion, Depreciation & Amortization 254,114 769,372 1,008,699 1,649,578
Impairment of Oil and Natural Gas Properties 0 0 800,452 0
Accretion of Asset Retirement Obligation 275,713 63,255 631,710 133,082
General and Administrative 1,278,667 469,792 3,722,057 3,126,403
Total Cost and Expenses 3,183,722 2,989,734 9,872,164 8,139,722
Operating Loss (1,641,485) (801,608) (3,914,327) (3,198,259)
Other Income and (Expense):        
Gain on Sale of Assets 125,000 0 1,268,760 0
Interest Expense (124,887) (145,345) (380,975) (342,256)
Net Loss $ (1,641,372) $ (946,953) $ (3,026,542) $ (3,540,515)
Net Loss per Common Share, Basic & Diluted $ (0.07) $ (0.05) $ (0.14) $ (0.19)
Weighted Average Number of Common Shares Outstanding, Basic & Diluted 23,469,200 19,867,277 21,971,947 19,020,236