NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) - Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities - bbl |
12 Months Ended | |
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Dec. 31, 2016 |
Dec. 31, 2015 |
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Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities [Abstract] | ||
Proved developed producing and non-producing reserve, Balance | 1,206,010 | 287,780 |
Proved undeveloped reserves, Balance | 1,021,230 | 446,740 |
Proved undeveloped reserves, Acquired Reserves | 568,257 | |
Proved undeveloped reserves, Revision of prior estimates | 6,233 | |
Proved developed producing and non-producing reserve, Acquired Reserves | 989,403 | |
Proved developed producing and non-producing reserve, Revision of prior estimates | (64,530) | |
Proved developed producing and non-producing reserve, Production | 6,643 | (6,643) |
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- Definition Production of proved reserves. No definition available.
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- Definition Purchase of minerals in place. No definition available.
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- Definition Revisions represent changes in previous estimates of proved reserves, either upward or downward, resulting from new information (except for an increase in proved acreage) normally obtained from development drilling and production history or resulting from change in economic factors. No definition available.
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X | ||||||||||
- Definition Purchase of minerals in place. No definition available.
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X | ||||||||||
- Definition Revisions represent changes in previous estimates of proved reserves, either upward or downward, resulting from new information (except for an increase in proved acreage) normally obtained from development drilling and production history or resulting from change in economic factors. No definition available.
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- References No definition available.
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- Definition Net quantities of an enterprise's interests in proved developed reserves of either crude oil (including condensate and natural gas liquids), natural gas, synthetic oil and gas, or other nonrenewable natural resource that is intended to be upgraded into synthetic oil and gas as of the beginning and the end of the year. "Net" quantities of reserves include those relating to the enterprise's operating and nonoperating interests in properties. Quantities of reserves relating to royalty interests owned are included in "net" quantities if the necessary information is available to the enterprise. "Net" quantities does not include reserves relating to interests of others in properties owned by the enterprise. The unit of measure for reserve quantities is defined as "barrels" for oil and synthetic oil reserves or "cubic feet" or "cubic meters" for natural gas and synthetic gas reserves. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net quantities of an enterprise's interests in proved undeveloped reserves of either crude oil (including condensate and natural gas liquids), natural gas, synthetic oil and gas, or other renewable natural resource that is intended to be upgraded into synthetic oil and gas as of the beginning and the end of the year. "Net" quantities of reserves include those relating to the enterprise's operating and nonoperating interests in properties. Quantities of reserves relating to royalty interests owned are included in "net" quantities if the necessary information is available to the enterprise. "Net" quantities does not include reserves relating to interests of others in properties owned by the enterprise. The unit of measure for reserve quantities is defined as "barrels" for oil and synthetic oil reserves or "cubic feet" or "cubic meters" for natural gas and synthetic gas reserves. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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