SCHEDULE OF CHANGES IN STANDARDIZED MEASURE OF DISCONTINUED FUTURE CASH FLOWS (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
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| Extractive Industries [Abstract] | ||
| Beginning of year | $ 17,392,377 | $ 7,956,920 |
| Sales and transfers of oil & gas produced, net of production costs | (660,629) | (539,927) |
| Net changes in prices and production costs | (1,278,130) | (865,805) |
| Changes in estimated future development costs | 537,696 | (565,870) |
| Acquisitions/dispositions of minerals in place, net of production costs | (367,027) | (231,470) |
| Revision of previous estimates | (11,820,528) | 1,194,016 |
| Change in discount | ||
| Change in production rate or other | 19,027,334 | 10,444,513 |
| End of year | $ 22,831,094 | $ 17,392,377 |
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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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