Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATION (Tables)

v3.23.2
ASSET RETIREMENT OBLIGATION (Tables)
6 Months Ended
Jun. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of changes in asset retirement obligations Changes in the asset retirement obligation during the six months ended June 30, 2023 were as follows:
Balance, December 31, 2022 $ 30,226,306 
Liabilities acquired — 
Liabilities incurred 173,516 
Liabilities sold (2,262,478)
Liabilities settled (151,656)
Revision of estimate — 
Accretion expense 719,725 
Balance, June 30, 2023 $ 28,705,413 
Schedule of current and non-current asset retirement obligations The following table presents the Company's current and non-current asset retirement obligation balances as of the periods specified.
June 30, 2023 December 31, 2022
Asset retirement obligations, current 408,958  635,843 
Asset retirement obligations, non-current 28,296,455  29,590,463 
Asset retirement obligations $ 28,705,413  $ 30,226,306