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The Company’s asset retirement obligation transactions during the years ended December 31, 2022 and 2021 are summarized in the table below. (Details) - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021
Asset Retirement Obligation Disclosure [Abstract] |  |
Asset retirement obligations, beginning of period | $ 20,640,599 | $ 15,364,217
Liabilities assumed in acquisitions | 502,539 | 6,117,709
Revisions | 2,660,653 | (2,055,806)
Liabilities settled | (160,957) |
Accretion expense | 1,357,906 | 1,214,479
Asset retirement obligation, end of period | $ 25,000,740 | $ 20,640,599

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- Definition The element represents asset retirement obligations beginning of period. + References No definition available. + Details
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- Definition The element represents liabilities settled. + References No definition available. + Details
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- Definition Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6392676&loc=d3e7480-110848 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c)(3) -URI https://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 + Details
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- Definition Amount of asset retirement obligations incurred during the period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 + Details
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