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REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

SCHEDULE OF DISAGGREGATED REVENUE

The Company disaggregates revenues from its share of revenue from the sale of oil and natural gas and liquids by state. The Company’s revenues in its North Dakota, Texas, New Mexico and other states for the years ended December 31, 2021 and 2020, are presented in the following table:

 SCHEDULE OF DISAGGREGATED REVENUE

		2021				2020
		Year Ended December 31,
		2021				2020
		(in thousands)
Revenue:
North Dakota
Oil		$	2,538			$	1,240
Natural gas and liquids			391				102
Total			2,929				1,342
Texas
Oil			2,729				875
Natural gas and liquids			312				82
Total			3,041				957
New Mexico
Oil			348				-
Natural gas and liquids			-				-
Total			348				-
Other
Oil			341				12
Natural gas and liquids			(1	)			19
Total			340				31
Combined Total		$	6,658			$	2,330
Total revenue		$	6,658			$	2,330

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

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- References

No definition available.

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