DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of components of Gain (loss) on derivative contracts (Details) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
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Gain (loss) on derivative contracts | $ (77,853,141) | $ 21,366,068 | $ (3,000,078) |
Oil | |||
Gain (loss) on derivative contracts | (77,654,452) | 20,357,812 | $ (3,000,078) |
Natural Gas | |||
Gain (loss) on derivative contracts | $ (198,689) | $ 1,008,256 |
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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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