REVENUE RECOGNITION (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
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| REVENUE RECOGNITION | ||||
| Oil | $ 10,414,374 | $ 50,793,472 | $ 49,051,574 | $ 91,671,455 |
| Natural gas | 222,219 | 540,753 | 1,155,347 | 1,461,085 |
| Total operating revenues | $ 10,636,593 | $ 51,334,225 | $ 50,206,921 | $ 93,132,540 |
| X | ||||||||||
- Definition Aggregate revenue during the period related to gas business activities. No definition available.
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| X | ||||||||||
- Definition Aggregate revenue during the period related to oil business activities. No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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