DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of components of Gain (loss) on derivative contracts (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2021 |
Jun. 30, 2020 |
Jun. 30, 2021 |
Jun. 30, 2020 |
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Gain (loss) on derivative contracts | $ (35,277,240) | $ (13,017,962) | $ (66,865,879) | $ 37,402,847 |
Oil | ||||
Gain (loss) on derivative contracts | $ (35,277,240) | $ (13,017,962) | (66,667,190) | $ 37,402,847 |
Natural Gas | ||||
Gain (loss) on derivative contracts | $ (198,689) |
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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