OIL AND NATURAL GAS PRODUCING ACTIVITIES (Details 1) - USD ($) |
12 Months Ended | |
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Dec. 31, 2018 |
Dec. 31, 2017 |
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| Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items] | ||
| Acquisition of proved properties | $ 18,432,291 | $ 28,682,298 |
| Development costs | 200,182,322 | 125,977,758 |
| Total Net Costs Incurred | $ 218,614,613 | $ 154,660,056 |
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- Definition Costs incurred, including capitalized costs and costs charged to expense, associated with the acquisition of oil and gas properties that have proved reserves. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Development costs incurred, including capitalized costs and costs charged to expense, in oil and gas activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of costs incurred related to oil and gas property acquisition, exploration and development activities, including capitalized costs and costs charged to expense. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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