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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash $ 3,611,871 $ 157,695
Accounts Receivable 7,733,905 1,251,634
Unrealized Gain on Derivative Instruments 55,242
Inventory 1,037,880 531,309
Prepaids 679,122 281,895
Total Current Assets 13,118,020 2,222,533
Property and equipment:    
Oil and Natural Gas Properties, Successful Efforts 46,914,326 22,711,445
Less: Accumulated Depreciation, Depletion and Impairment (17,525,918) (15,148,444)
 Net 29,388,408 7,563,001
Other Property and Equipment, net of $258,714 and $76,421 Accumulated Depreciation in 2021 and 2020, respectively 1,288,611 662,017
Total Property and Equipment, Net 30,677,019 8,225,018
Unrealized Gain on Derivative Instruments - Long Term 194,018
Sinking Fund 4,810,000
Utility and Other Deposits 1,290,594 802,050
Total Assets 50,089,651 11,249,601
Current Liabilities:    
Accounts Payable 4,329,535 1,937,743
Accrued Expenses 5,844,184 2,697,831
Unrealized Loss on Derivative Instruments 5,749
Contingent Payment 40,000
Current Portion of Lease Liability 180,105 89,769
Current Portion of Long-term Notes Payable 1,700,663 1,301,618
Total Current Liabilities 12,054,487 6,072,710
Long-Term Notes Payable 6,914,101 7,719,703
Long Term Lease Liability 646,311 534,009
Asset Retirement Obligations 20,640,599 15,364,217
Total Liabilities 40,255,498 29,690,639
Stockholders' Equity (Deficit):    
 19,840,648 and 6,223,069 Shares Issued and Outstanding, Respectively 79,362 24,892
Additional Paid-in Capital 69,988,134 22,152,451
Accumulated Deficit (59,233,343) (40,618,381)
Total Stockholders' Equity (Deficit) 9,834,153 (18,441,038)
Total Liabilities and Stockholders' Equity (Deficit) $ 50,089,651 $ 11,249,601