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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities:    
Net Income (Loss) $ (997,180) $ 1,588,015
Adjustments to Reconcile Net Income (Loss) to Net Cash Used in Operating Activities:    
Gain on Sale of Assets 0 (1,143,760)
Amortization of Loan Issue Costs 14,587 14,586
Depreciation, Depletion and Amortization 180,540 268,018
Impairment of Oil and Natural Gas Properties 0 800,452
Accretion of Asset Retirement Obligation 284,465 98,954
Unrealized (Gain) Loss on Derivatives 229,971 (1,975,760)
Change in right of use assets, net 3,214 0
Deposit paid to Ovintiv (see Note 4) 0 (850,000)
Change in Operating Assets and Liabilities:    
Accounts Receivable (29,922) 304,020
Inventory (275,100) 320,917
Other Assets 65,797 25,309
Accounts Payable 167,775 69,809
Accrued Expenses (270,253) (199,777)
Net Cash Used In Operating Activities (626,106) (679,217)
Cash Flows from Investing Activities:    
Acquisition of Oil and Natural Gas Properties (40,000) (506,000)
Earnest deposit for acquisition of Oil and Natural Gas Properties (1,780,000) 0
Purchase of Other Fixed Assets (141,973) 0
Proceeds from Sale of Oil and Natural Gas Properties 0 1,160,400
Net Cash Provided by (Used in) Investing Activities (1,961,973) 654,400
Cash Flows from Financing Activities:    
Proceeds from Debt Issued 141,668 765,000
Principal Payments of Debt (281,308) (150,000)
Proceeds from Warrant Exercise 3,349,052 0
Proceeds from Issuance of Common Stock and Warrants 3,135,650 0
Net Cash Provided by Financing Activities 6,345,062 615,000
Net Change in Cash 3,756,983 590,183
Cash - Beginning of Period 157,695 0
Cash - End of Period 3,914,678 590,183
Supplemental Cash Flow Information:    
Cash Paid for Interest 123,310 179,820
Non-cash Investing and Financing Activities:    
Common Stock Issued in Exchange for Outstanding Notes Payable 0 102,500
Equipment purchased utilizing note payable 141,668 0
Note Payable issued - PIE Agreement (see Note 6) $ 130,338 $ 0