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REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

SCHEDULE OF DISAGGREGATED REVENUE

SCHEDULE OF DISAGGREGATED REVENUE

		2022				2021				2022				2021
		Three Months Ended June 30,								Six Months Ended June 30,
		2022				2021				2022				2021
		(in thousands)
Revenue:
Rockies
Oil		$	4,587			$	792			$	7,978			$	1,314
Natural gas and liquids			343				69				536				148
Total		$	4,930			$	861			$	8,514			$	1,462
South Texas
Oil		$	2,176			$	211			$	3,812			$	403
Natural gas and liquids			254				13				393				28
Total		$	2,430			$	224			$	4,205			$	431
West Texas
Oil		$	1,404			$	224			$	2,832			$	401
Natural gas and liquids			111				67				173				70
Total		$	1,515			$	291			$	3,005			$	471
Gulf Coast
Oil		$	1,243			$	277			$	1,960			$	526
Natural gas and liquids			110				-				114				-
Total		$	1,353			$	277			$	2,074			$	526
Mid-Continent
Oil		$	1,825			$	3			$	2,584			$	(6	)
Natural gas and liquids			1,427				-				1,970				(17	)
Total		$	3,252			$	3			$	4,554			$	(23	)
Combined Total		$	13,480			$	1,656			$	22,352			$	2,867

(1) Negative amounts represent adjustments for the six months ended June 30, 2021, of estimated accruals to actual revenues received from non-operated properties in Oklahoma.

SCHEDULE OF REVENUE FROM PURCHASERS

 SCHEDULE OF REVENUE FROM PURCHASERS

		Six Months Ended June 30,
Purchaser		2022				2021
Purchaser A			23	%			29	%
Purchaser B			22	%			-
Purchaser C			7	%			37	%
Purchaser D			2	%			10	%

X

- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

+ References

No definition available.

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