OIL AND NATURAL GAS PRODUCING ACTIVITIES - Capitalized Costs Relating to Oil and Natural Gas Producing Activities (Details) - USD ($) |
Dec. 31, 2020 |
Dec. 31, 2019 |
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OIL AND NATURAL GAS PRODUCING ACTIVITIES | ||
Proved oil and natural gas properties | $ 836,514,815 | $ 1,083,966,135 |
Financing lease asset subject to depreciation | 858,513 | 858,513 |
Fixed assets subject to depreciation | 1,520,890 | 1,465,551 |
Total capitalized costs | 838,894,218 | 1,086,290,199 |
Accumulated depletion, depreciation and amortization | (200,111,658) | (157,074,044) |
Net Capitalized Costs | $ 638,782,560 | $ 929,216,155 |
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- Definition Amount of accumulated depreciation, depletion, amortization and valuation allowance relating to oil and gas producing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The sum of capitalized costs relating to oil and gas producing activities before accounting for accumulated depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Net amount of capitalized costs relating to oil and gas producing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Capitalized costs of proved properties incurred for any combination mineral interests acquisitions; wells and related equipment; support equipment and facilities; and uncompleted wells and equipment and other costs not previously disclosed within this table. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Capitalized costs incurred for support equipment and facilities used in oil and gas producing activities (such as seismic equipment, drilling equipment, construction and grading equipment, vehicles, repair shops, warehouses, supply points, camps, and division, district, or field offices). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after accumulated amortization, of right-of-use asset from finance lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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