ACQUISITIONS & DIVESTITURES - Andrews County Divestiture (Details) - USD ($) |
9 Months Ended | |
|---|---|---|
Sep. 30, 2022 |
Sep. 30, 2021 |
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| ACQUISITIONS & DIVESTITURES | ||
| Net value consideration in cash received upon divestiture | $ 25,066 | $ 2,000,000 |
| Reduction in asset retirement obligations for properties sold | 1,239,634 | |
| Increase in asset retirement obligations for wells acquired | $ 218,082 | |
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- Definition Amount of asset retirement obligations incurred during the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The cash inflow to dispose of long-lived, physical assets and mineral interests in oil and gas properties used for normal oil and gas operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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