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Oil and Natural Gas Costs | 12 Months Ended
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Mar. 31, 2024
Extractive Industries [Abstract] |
Oil and Natural Gas Costs | 7. 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: Schedule of Cost Related to Oil and Gas Activities
|  | 2024 |  |  | 2023 |
Property acquisition costs: |  |  |  |  |  |  |  |
Proved |  | $ | 1,826,266 |  |  | $ | 1,053,442 |
Unproved |  |  | - |  |  |  | - |
Exploration |  |  | 153,039 |  |  |  | - |
Development |  |  | 1,363,529 |  |  |  | 4,282,499 |
Capitalized asset retirement obligations |  |  | 7,617 |  |  |  | 23,492 |
Total costs incurred for oil and gas properties |  | $ | 3,350,451 |  |  | $ | 5,359,433 |
The Company had the following aggregate capitalized costs relating to its oil and gas property activities at March 31: Schedule of Aggregate Capitalized Costs Relating Oil and Gas Property Activities
|  | 2024 |  |  | 2023 |
Proved oil and gas properties |  | $ | 48,304,585 |  |  | $ | 45,391,634 |
Unproved oil and gas properties: |  |  |  |  |  |  |  |
subject to amortization |  |  | - |  |  |  | - |
not subject to amortization |  |  | - |  |  |  | - |
Oil and gas properties, gross |  | $ | 48,304,585 |  |  | $ | 45,391,634 |
Less accumulated DD&A |  |  | 34,066,282 |  |  |  | 32,099,439 |
Total oil and gas properties |  | $ | 14,238,303 |  |  | $ | 13,292,195 |
DD&A amounted to $12.81 and $14.56 per BOE of production for the years ended March 31, 2024 and 2023, 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://www.xbrl.org/2003/role/disclosureRef -Topic 932 -SubTopic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/932-360/tableOfContent + Details
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