Annual report pursuant to Section 13 and 15(d)

OIL AND GAS PRODUCING ACTIVITIES (Details)

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OIL AND GAS PRODUCING ACTIVITIES (Details) - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]    
Proved oil and natural gas properties $ 433,591,134 $ 250,133,965
Inventory for property development 0 1,582,427
Fixed assets subject to depreciation 1,884,818 1,549,311
Total capitalized costs 435,475,952 253,265,703
Accumulated depletion, depreciation and amortization (61,864,932) (41,347,152)
Net Capitalized Costs $ 373,611,020 $ 211,918,551