Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Details)

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REVENUE RECOGNITION (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUE RECOGNITION        
Oil $ 30,327,668 $ 49,502,656 $ 79,379,242 $ 141,174,111
Natural gas 1,138,876 836,449 2,294,223 2,297,534
Total operating revenues $ 31,466,544 $ 50,339,105 $ 81,673,465 $ 143,471,645