Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATION (Tables)

v3.23.3
ASSET RETIREMENT OBLIGATION (Tables)
9 Months Ended
Sep. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of changes in asset retirement obligations Changes in the asset retirement obligation during the nine months ended September 30, 2023 were as follows:
Balance, December 31, 2022 $ 30,226,306 
Liabilities acquired 2,090,777 
Liabilities incurred 261,786 
Liabilities sold (4,717,507)
Liabilities settled (226,424)
Revision of estimate 53,824 
Accretion expense 1,073,901 
Balance, September 30, 2023
$ 28,762,663 
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.
September 30, 2023 December 31, 2022
Asset retirement obligations, current 279,681  635,843 
Asset retirement obligations, non-current 28,482,982  29,590,463 
Asset retirement obligations $ 28,762,663  $ 30,226,306