SCHEDULE OF CHANGES IN STANDARDIZED MEASURE OF DISCOUNTED FUTURE CASH FLOWS (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2020 |
Dec. 31, 2019 |
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| Extractive Industries [Abstract] | ||
| Beginning of year | $ 25,824,730 | $ 23,638,725 |
| Sales and transfers of oil & gas produced, net of production costs | (735,300) | (1,514,335) |
| Net changes in prices and production costs | (249,508) | 5,780,704 |
| Changes in estimated future development costs | 96,780 | (676,141) |
| Acquisitions/dispositions of minerals in place, net of production costs | ||
| Revision of previous estimates | (14,938,598) | (878,772) |
| Change in discount | 436,490 | 1,386,793 |
| Change in production rate or other | (2,477,674) | (1,912,244) |
| End of year | $ 7,956,920 | $ 25,824,730 |
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- Definition Acquisitions/dispositions of minerals in place, net of production costs. No definition available.
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- References No definition available.
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- Definition Amount of increase (decrease) in standardized measure of discounted future net cash flow as a result of change in estimated future development costs. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) in standardized measure of discounted future net cash flow as a result of change in sales and transfer prices and in production (lifting) costs related to future production. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) in standardized measure of discounted future net cash flow as a result of revisions of estimated quantity of oil and gas in proved reserves. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of (increase) decrease in standardized measure of discounted future net cash flow as a result of sales and transfers of oil and gas produced. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) in standardized measure of discounted future net cash flow as a result of changes from other sources. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of accretion of discount for the standardized measure of discounted future net cash flow related to proved oil and gas reserves. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of discounted future accumulated cash inflow relating to proved oil and gas reserves. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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