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Acquisition of XTO Properties (Tables)
 12 Months Ended
Dec. 31, 2021
Acquisition Of Xto Properties  
The following table sets forth the Company's preliminary purchase price allocation:

The following table sets forth the Company's preliminary purchase price allocation:

 

Preliminary Fair Value of Assets Acquired    
Oil and natural gas properties  $17,662,402 
Inventory of oil in tanks   318,546 
Vehicles   179,156 
Asset retirement obligations   6,117,709 
Total preliminary assets acquired   24,277,813 
      
Preliminary Fair Value of Liabilities Assumed     
Royalty suspense   290,325 
Asset retirement obligations   6,117,709 
Total preliminary liabilities assumed   6,408,034 
      
Purchase Price   17,869,779