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The capitalized costs of oil and natural gas properties as of December 31, 2022 and 2021 are as follows: (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Property, Plant and Equipment [Abstract] |  |
Proved producing wells | $ 52,831,131 | $ 44,189,360
Capitalized Costs, Unproved Properties | 2,865,556 | 2,724,966
Capitalized Costs, Work in process | 8,289,652 | 0
Capitalized Costs, Oil and Gas Producing Activities, Gross | 63,986,339 | 46,914,326
Capitalized Costs, Accumulated Depreciation, Depletion, Amortization and Valuation Allowance Relating to Oil and Gas Producing Activities | (20,116,696) | (17,525,918)
Capitalized Costs, Oil and Gas Producing Activities, Net | $ 43,869,643 | $ 29,388,408

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- Definition Amount of accumulated depreciation, depletion, amortization and valuation allowance relating to oil and gas producing activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e61901-109447 + Details
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- Definition The sum of capitalized costs relating to oil and gas producing activities before accounting for accumulated depreciation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e61901-109447 + Details
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- Definition Net amount of capitalized costs relating to oil and gas producing activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e61901-109447 + Details
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- Definition Capitalized costs of proved properties incurred for any combination mineral interests acquisitions; wells and related equipment; support equipment and facilities; and uncompleted wells and equipment and other costs not previously disclosed within this table. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 360 -URI https://asc.fasb.org/subtopic&trid=2145654 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e61901-109447 + Details
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- Definition Capitalized costs of unproved properties incurred for any combination mineral interests acquisitions and other costs not previously disclosed within this table. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -URI https://asc.fasb.org/topic&trid=2145477 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126939881&loc=d3e61901-109447 + Details
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