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ASSET RETIREMENT OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2022 and December 31, 2021:

 

  

June 30,

2022

   December 31, 2021 
   (in thousands) 
Balance, beginning of year  $1,461   $1,408 
Acquired   10,334    45 
Life revisions   131    - 
Sold/Plugged   (163)   (70)
Accretion   448    78 
Balance, end of period  $12,211   $1,461