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v3.21.2

Operating Segments - Segments (Details) | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2021 USD ($) | Jun. 30, 2020 USD ($) | Mar. 31, 2020 USD ($) | Jun. 30, 2021 USD ($) segment | Jun. 30, 2020 USD ($) | Dec. 31, 2020 USD ($)
Segment information |  |  |  |  |  |
Total operating revenue | $ 7,089,849 | $ 6,278,787 |  | $ 15,531,161 | $ 12,706,633 |
Net earnings (loss) for the period | (485,025) | (566,034) |  | 2,250,542 | (255,735) |
Operating costs | 1,957,685 | 2,113,822 |  | 3,742,821 | 4,259,367 |
Development geological and geophysical expenses | 11,451 | 2,273 |  | 22,990 | 4,902 |
Depletion, depreciation, amortization, and accretion | 1,646,094 | 2,577,770 |  | 3,328,954 | 4,992,146 |
Impairment of oil and gas properties | 0 | 0 | $ 1,760,000 | 0 | 1,760,000 |
Bad debt expense | 0 | 819,000 |  | 0 | 819,000 |
Segment assets | 90,695,939 | 93,783,598 |  | 90,695,939 | 93,783,598 |
Capital expenditures | 537,537 | 1,160,487 |  | 1,465,261 | 2,596,607 |
Proved properties | 34,531,736 | 38,208,022 |  | 34,531,736 | 38,208,022 |
Unproved properties | 21,557,121 | 21,175,910 |  | 21,557,121 | 21,175,910 | $ 21,552,063
Gathering system | 9,437,587 | 10,522,464 |  | 9,437,587 | 10,522,464 | $ 10,101,020
Other property and equipment | 964,435 | 725,584 |  | 964,435 | 725,584 |
Corporate |  |  |  |  |  |
Segment information |  |  |  |  |  |
Net earnings (loss) for the period | (3,959,644) | (1,331,956) |  | (6,185,854) | (1,126,953) |
Segment assets | 133,220 | 72,118 |  | 133,220 | 72,118 |
Elimination |  |  |  |  |  |
Segment information |  |  |  |  |  |
Total operating revenue | (385,865) | (470,191) |  | (770,296) | (889,627) |
Operating costs | (385,865) | (470,191) |  | (770,296) | (889,627) |
Natural gas |  |  |  |  |  |
Segment information |  |  |  |  |  |
Total operating revenue | 5,106,922 | 3,876,340 |  | 11,439,021 | 7,896,104 |
Natural gas liquids |  |  |  |  |  |
Segment information |  |  |  |  |  |
Total operating revenue | 52,529 | 10,204 |  | 98,150 | 41,862 |
Oil and condensate |  |  |  |  |  |
Segment information |  |  |  |  |  |
Total operating revenue | 79,303 | 128,503 |  | 140,738 | 188,225 |
Gas gathering and compression revenue |  |  |  |  |  |
Segment information |  |  |  |  |  |
Total operating revenue | 1,851,095 | 2,263,740 |  | 3,853,252 | 4,580,442 |
Gas gathering and compression revenue | Elimination |  |  |  |  |  |
Segment information |  |  |  |  |  |
Total operating revenue | (385,865) | (470,191) |  | (770,296) | (889,627) |
Upstream | Operating Segments |  |  |  |  |  |
Segment information |  |  |  |  |  |
Total operating revenue | 5,238,754 | 4,015,047 |  | 11,677,909 | 8,126,191 |
Net earnings (loss) for the period | 2,153,394 | (845,046) |  | 5,684,536 | (1,606,943) |
Operating costs | 1,784,138 | 2,034,120 |  | 3,378,327 | 4,081,887 |
Development geological and geophysical expenses | 11,451 | 2,273 |  | 22,990 | 4,902 |
Depletion, depreciation, amortization, and accretion | 1,289,771 | 2,004,700 |  | 2,592,056 | 3,886,345 |
Impairment of oil and gas properties |  |  |  |  | 1,760,000 |
Bad debt expense |  | 819,000 |  |  |  |
Segment assets | 78,621,390 | 79,534,080 |  | 78,621,390 | 79,534,080 |
Capital expenditures | 480,317 | 1,098,987 |  | 1,394,757 | 2,454,661 |
Proved properties | 34,531,736 | 38,208,022 |  | 34,531,736 | 38,208,022 |
Unproved properties | 21,557,121 | 21,175,910 |  | 21,557,121 | 21,175,910 |
Other property and equipment | 964,435 | 725,584 |  | 964,435 | 725,584 |
Upstream | Natural gas | Operating Segments |  |  |  |  |  |
Segment information |  |  |  |  |  |
Total operating revenue | 5,106,922 | 3,876,340 |  | 11,439,021 | 7,896,104 |
Upstream | Natural gas liquids | Operating Segments |  |  |  |  |  |
Segment information |  |  |  |  |  |
Total operating revenue | 52,529 | 10,204 |  | 98,150 | 41,862 |
Upstream | Oil and condensate | Operating Segments |  |  |  |  |  |
Segment information |  |  |  |  |  |
Total operating revenue | 79,303 | 128,503 |  | $ 140,738 | 188,225 |
Gas Gathering | Operating Segments |  |  |  |  |  |
Operating Segments |  |  |  |  |  |
Number of companies partnered to operate natural gas gathering system | segment |  |  |  | 2 |  |
Segment information |  |  |  |  |  |
Total operating revenue | 2,236,960 | 2,733,931 |  | $ 4,623,548 | 5,470,069 |
Net earnings (loss) for the period | 1,321,225 | 1,610,968 |  | 2,751,860 | 2,478,161 |
Operating costs | 559,412 | 549,893 |  | 1,134,790 | 1,067,107 |
Depletion, depreciation, amortization, and accretion | 356,323 | 573,070 |  | 736,898 | 1,105,801 |
Bad debt expense |  |  |  |  | 819,000 |
Segment assets | 11,941,329 | 14,177,400 |  | 11,941,329 | 14,177,400 |
Capital expenditures | 57,220 | 61,500 |  | 70,504 | 141,946 |
Gathering system | 9,437,587 | 10,522,464 |  | 9,437,587 | 10,522,464 |
Gas Gathering | Gas gathering and compression revenue | Operating Segments |  |  |  |  |  |
Segment information |  |  |  |  |  |
Total operating revenue | $ 2,236,960 | $ 2,733,931 |  | $ 4,623,548 | $ 5,470,069 |

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