Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Details)

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REVENUE RECOGNITION (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUE RECOGNITION        
Oil $ 50,793,472 $ 28,962,880 $ 91,671,455 $ 58,103,045
Natural gas 540,753 962,003 1,461,085 1,713,229
Total operating revenues $ 51,334,225 $ 29,924,883 $ 93,132,540 $ 59,816,274