DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of components of Gain (loss) on derivative contracts (Details) - USD ($) |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
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Gain (loss) on derivative contracts | $ (6,720,320) | $ (4,502,080) | $ (73,586,199) | $ 32,900,767 |
Oil | ||||
Gain (loss) on derivative contracts | $ (6,720,320) | $ (4,502,080) | (73,387,510) | $ 32,900,767 |
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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