SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details 5) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
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| Oil and Gas Exploration and Production Industries Disclosures [Abstract] | ||
| Beginning of year | $ 13,564,480 | $ 6,220,500 |
| Sales and transfers of oil & gas produced, net of production costs | 267,997 | 175,048 |
| Net changes in prices and production costs | 1,967,068 | 1,917,506 |
| Changes in estimated future development costs | 1,806,404 | 673,960 |
| Acquisitions of minerals in place, net of production costs | 7,645,722 | 9,941,241 |
| Revision of previous estimates | (19,654,723) | (544,877) |
| Change in discount | 732,656 | 817,235 |
| Change in production rate or other | (10,276,980) | (453,201) |
| End of year | $ 16,605,980 | $ 13,564,480 |
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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/presentationRef
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- Definition Amount of increase in standardized measure of discounted future net cash flow as a result of purchases of minerals in place. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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 revisions of estimated quantity of oil and gas in proved reserves. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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/presentationRef
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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/presentationRef
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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/presentationRef
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