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PROPERTY AND EQUIPMENT (Tables)

3 Months Ended

Mar. 31, 2021

PROPERTY AND EQUIPMENT

Aggregate capitalized costs of oil and natural gas

Proved producing wells		$	4,499,782
Proved undeveloped			2,232,358
Lease, well and gathering equipment			1,360,596
Asset retirement obligation			14,126,130
Unproved leasehold costs			492,580
Gross capitalized costs			22,711,446
Less: accumulated depreciation, depletion and impairment			(15,324,596	)
		$	7,386,850

Schedule of Operating lease

Other property and equipment, at cost		$	837,149
Less: accumulated depreciation			(62,668	)
Oher property and equipment, net		$	774,481

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- Definition

Tabular disclosure of oil and gas present activities. Includes, but is not limited to, number of wells in process of drilling, waterfloods in process of installation, and pressure maintenance operation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1206

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