ACQUISITIONS - The estimated fair value of the acquired properties (Details) - Oil and Natural Gas Assets in Andrews County |
Dec. 31, 2020
USD ($)
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| Assets acquired | |
| Proved oil and natural gas properties | $ 13,775,807 |
| Liabilities assumed | |
| Asset retirement obligations | (2,571,549) |
| Total Identifiable Net Assets | $ 11,204,258 |
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- References No definition available.
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- Definition Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of other liabilities due after one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of other assets expected to be realized or consumed after one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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