ASSET RETIREMENT OBLIGATION (Details) - USD ($) |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
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| Asset Retirement Obligation [Line Items] | |||||
| Balance | $ 9,055,697 | $ 7,957,035 | $ 7,401,950 | ||
| Liabilities acquired | 2,571,549 | ||||
| Liabilities incurred | 1,311,956 | 1,297,289 | 308,509 | ||
| Liabilities settled | (577,824) | (766,595) | (240,606) | ||
| Revision of estimate | [1] | 87,960 | |||
| Accretion expense | 606,459 | 567,968 | 487,182 | ||
| Balance | $ 13,055,797 | $ 9,055,697 | $ 7,957,035 | ||
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- Definition Amount of asset retirement obligations acquired during the period. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of asset retirement obligations incurred during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of asset retirement obligations settled, or otherwise disposed of, during the period. This may include asset retirement obligations transferred to third parties associated with the sale of a long-lived asset. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the asset retirement obligation from changes in the amount or timing of the estimated cash flows associated with the settlement of the obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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