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Organization, Operations and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of Concentration of Credit Risk

The following table presents the joint interest operators that accounted for 10% or more of the Company’s total oil and natural gas revenue for at least one of the periods presented:

Operator		2020				2019
Zavanna, LLC			41	%			31	%
CML Exploration, LLC			25	%			52	%

Schedule of Property and Equipment Useful Life

Depreciation of administrative assets is provided principally by the straight-line method over estimated useful lives as follows:

		Years
Administrative assets:
Computers and software			3 to 10
Office furniture and equipment			5 to 20

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Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

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