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Oil and Natural Gas Costs | 12 Months Ended
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Mar. 31, 2020
Extractive Industries [Abstract] |
Oil and Natural Gas Costs | 9. Oil and Natural Gas Costs The costs related to the Company’s oil and natural gas activities were incurred as follows for the years ended March 31:
|  | 2020 |  |  | 2019 |
Property acquisition costs: |  |  |  |  |  |  |  |
Proved |  | $ | - |  |  | $ | - |
Unproved |  |  | - |  |  |  | - |
Exploration |  |  | 168 |  |  |  | 14,555 |
Development |  |  | 1,687,499 |  |  |  | 803,602 |
Capitalized asset retirement obligations |  |  | 19,512 |  |  |  | 8,658 |
Total costs incurred for oil and gas properties |  | $ | 1,707,179 |  |  | $ | 826,815 |
The Company had the following aggregate capitalized costs relating to its oil and gas property activities at March 31:
|  | 2020 |  |  | 2019 |
Proved oil and gas properties |  | $ | 37,465,172 |  |  | $ | 35,907,677 |
Unproved oil and gas properties: |  |  |  |  |  |  |  |
subject to amortization |  |  | - |  |  |  | - |
not subject to amortization |  |  | - |  |  |  | - |
|  |  | 37,465,172 |  |  |  | 35,907,677 |
Less accumulated DD&A |  |  | 28,003,961 |  |  |  | 27,154,343 |
|  | $ | 9,461,211 |  |  | $ | 8,753,334 |
DD&A amounted to $9.57 and $9.45 per BOE of production for the years ended March 31, 2020 and 2019, respectively.

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- Definition The entire disclosure for properties used in normal conduct of oil and gas exploration and producing operations. This disclosure may include property accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 360 -URI http://asc.fasb.org/subtopic&trid=2145654 + Details
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