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Acquisition of XTO Properties (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure Acquisition of Xto Properties Abstract |
The following table sets forth the Company's purchase price allocation: | The following table sets forth the Company's purchase price allocation:
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 assets acquired |  |  | 24,277,813 |
Fair Value of Liabilities Assumed |  |  |  |
Royalty suspense |  |  | 290,325 |
Asset retirement obligations |  |  | 6,117,709 |
Total liabilities assumed |  |  | 6,408,034 |
Purchase Price |  |  | 17,869,779 |

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