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ASSET RETIREMENT OBLIGATIONS (Tables)
3 Months Ended
Mar. 31, 2022
Asset Retirement Obligation Disclosure [Abstract]  
SCHEDULE OF ASSET RETIREMENT OBLIGATIONS

The following is a reconciliation of the changes in the Company’s liabilities for asset retirement obligations as of March 31, 2022 and December 31, 2021:

 

   March 31, 2022   December 31, 2021 
   (in thousands) 
Balance, beginning of year  $1,461   $1,408 
Acquired   9,614    45 
Sold/Plugged   -    (70)
Accretion   215    78 
Balance, end of period  $11,290   $1,461