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Property (Tables)
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
The aggregate capitalized costs of oil and natural gas properties as of March 31, 2022 are as follows:

The aggregate capitalized costs of oil and natural gas properties as of March 31, 2022 are as follows:

Proved producing wells  $20,977,026 
Proved undeveloped   2,724,966 
Lease and well equipment   5,448,952 
Asset retirement obligation   18,188,033 
Gross capitalized costs   47,338,977 
Accumulated Depreciation, Depletion, Amortization     
and Impairment   (17,926,748)
Net capitalized costs  $29,412,229 

Other property and equipment consists of operating lease assets, vehicles, office furniture, and equipment with lives ranging from three to five years.

Other property and equipment consists of operating lease assets, vehicles, office furniture, and equipment with lives ranging from three to five years.

 

      
Other property and equipment, at cost  $1,559,064 
Less: accumulated depreciation   (334,745)
Other property and equipment, net  $1,224,319