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SCHEDULE OF STANDARDIZED MEASURE OF DISCOUNTED FUTURE NET CASH FLOWS RELATING TO PROVED OIL AND GAS RESERVES (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Future cash inflows $ 100,920,387 $ 121,755,908
Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Production Costs [1] (43,360,461) (46,394,506)
Future development costs (41,056,457) (41,867,500)
Future income tax expenses (5,571,112) (15,593,639)
Future net cash flows 10,932,358 17,900,262
10% annual discount for estimated timing of cash flows (5,352,516) (7,736,291)
Standardized measure of discounted future net cash flows at the end of the year $ 5,579,842 $ 10,163,971
[1] Production costs include oil and gas operations expense, production ad valorem taxes, transportation costs and general and administrative expense supporting the Company’s oil and gas operations.