SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details Narrative) |
12 Months Ended | ||||||
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Sep. 28, 2016
USD ($)
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Sep. 01, 2016
USD ($)
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Sep. 01, 2016
USD ($)
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Dec. 31, 2017
USD ($)
bbl
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Dec. 31, 2016
USD ($)
bbl
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Nov. 04, 2015 |
Sep. 23, 2015 |
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| Proved Developed Reserves Production | 3,421 | ||||||
| Total Proved Reserves | 1,664,931 | ||||||
| Proved Developed and Undeveloped Reserves, Revisions of Previous Estimates | (2,186,554) | (58,297) | |||||
| SUDS Properties LLC [Member] | |||||||
| Percentage of working interest acquired | 90.00% | 10.00% | |||||
| Consideration amount | $ | $ 8,373,186 | ||||||
| Twin Lakes San Andres Unit Interest Acquisition [Member] | |||||||
| Percentage of working interest acquired | 60.00% | 25.00% | 15.00% | ||||
| Consideration amount | $ | $ 4,000,000 | $ 392,252 | $ 392,252 | $ 745,788 | $ 350,000 | ||
| Percentage of ownership interest | 40.00% | 40.00% | 100.00% | ||||
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- Definition Production of proved reserves. No definition available.
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- Definition Energy measure of interests in proved developed reserves of 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. No definition available.
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage of equity in the acquiree held by the acquirer immediately before the acquisition date in a business combination. No definition available.
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- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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