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REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

SCHEDULE OF DISAGGREGATED REVENUE

SCHEDULE OF DISAGGREGATED REVENUE

		2022				2021				2022				2021
		Three Months Ended September 30,								Nine Months Ended September 30,
		2022				2021				2022				2021
		(in thousands)
Revenue: (1)
Rockies
Oil		$	3,407			$	752			$	11,385			$	2,066
Natural gas and liquids			343				101				879				249
Total		$	3,750			$	853			$	12,264			$	2,315
South Texas
Oil		$	1,670			$	230			$	5,482			$	633
Natural gas and liquids			275				19				668				47
Total		$	1,945			$	249			$	6,150			$	680
West Texas
Oil		$	1,370			$	271			$	4,202			$	672
Natural gas and liquids			35				71				208				141
Total		$	1,405			$	342			$	4,410			$	813
Gulf Coast
Oil		$	878			$	312			$	2,838			$	838
Natural gas and liquids			144				-				258				-
Total		$	1,022			$	312			$	3,096			$	838
Mid-Continent
Oil		$	1,654			$	28			$	4,239			$	22
Natural gas and liquids			2,023				-				3,992				(17	)
Gathering fee			27				-				27				-
Total		$	3,704			$	28			$	8,258			$	5
Combined Total		$	11,826			$	1,784			$	34,178			$	4,651

(1) Negative amounts represent adjustments for the nine months ended September 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 

		Nine Months Ended September 30,
Purchaser		2022				2021
Purchaser A			24	%			27	%
Purchaser B			21	%			-
Purchaser C			6	%			35	%

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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