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PROPERTY AND EQUIPMENT (Tables) | 9 Months Ended
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Sep. 30, 2021
Property, Plant and Equipment [Abstract] |
The aggregate capitalized costs of oil and natural gas properties as of September 30, 2021, are as follows: | The aggregate capitalized costs of oil and natural gas properties as of September 30, 2021, are as follows:
Proved producing wells |  | $ | 18,865,150 |
Proved undeveloped |  |  | 2,232,358 |
Lease, well and gathering equipment |  |  | 5,054,033 |
Asset retirement obligation |  |  | 18,696,199 |
Unproved leasehold costs |  |  | 492,607 |
Gross capitalized costs |  |  | 45,340,347 |
Less: accumulated depreciation, depletion and impairment |  |  | (17,081,053 | )
|  | $ | 28,259,294 |
Other property and equipment consists of operating lease assets (See Note 10), vehicles, office furniture and equipment. | Other property and equipment consists of operating lease assets (See Note 10), vehicles, office furniture and equipment.
Other property and equipment, at cost |  | $ | 1,514,322 |
Less: accumulated depreciation |  |  | (228,563 | )
Oher property and equipment, net |  | $ | 1,285,759 |

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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 + Details
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