DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of components of Cash (paid) received for commodity derivative settlements (Details) - USD ($) |
3 Months Ended | |
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Mar. 31, 2021 |
Mar. 31, 2020 |
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| Cash flows from operating activities | ||
| Cash (paid) received for derivative settlements | $ (5,920,791) | $ 3,334,128 |
| Oil | ||
| Cash flows from operating activities | ||
| Cash (paid) received for derivative settlements | (6,663,969) | $ 3,334,128 |
| Natural Gas | ||
| Cash flows from operating activities | ||
| Cash (paid) received for derivative settlements | $ 743,178 | |
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- Definition The premium cost of a hedge, net of any cash (paid) and received on settlement during the period. No definition available.
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- References No definition available.
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