XML 45 R27.htm IDEA: XBRL DOCUMENT v3.23.1
Property (Tables)
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
The capitalized costs of oil and natural gas properties as of December 31, 2022 and 2021 are as follows:

The capitalized costs of oil and natural gas properties as of December 31, 2022 and 2021 are as follows:

   2022   2021 
         
Proved Properties  $52,831,131   $44,189,360 
Unproved Properties   2,865,556    2,724,966 
Work in process   8,289,652     — 
Gross capitalized costs   63,986,339    46,914,326 
Depreciation, Depletion, Amortization and Impairment   (20,116,696)   (17,525,918)
Total Oil and Gas Properties, Net  $43,869,643   $29,388,408 
The capitalized costs of other property and equipment as of December 31, 2022 and 2021 are as follows:

Other property and equipment consists of operating lease assets, vehicles, office furniture, and equipment with lives ranging from three to five years. The capitalized costs of other property and equipment as of December 31, 2022 and 2021 are as follows:

   2022   2021 
           
Other property and equipment, at cost  $1,878,325   $1,547,325 
Less: accumulated depreciation   (436,796)   (258,714)
Oher property and equipment, net  $1,441,529   $1,288,611