BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Joint Interest Billing Receivable and Allowance for Credit Loss (Details) - USD ($) |
Mar. 31, 2024 |
Dec. 31, 2023 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
| Joint interest billing receivables | $ 2,042,925 | $ 2,480,843 |
| Allowance for credit losses | (185,684) | (58,569) |
| Joint interest billing receivables, net | $ 1,857,241 | $ 2,422,274 |
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- Definition Oil And Gas Joint Interest Billing Receivables, Before Allowance For Credit Loss No definition available.
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- Definition Amount of allowance for credit loss on accounts receivable. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Current portion of accounts receivable attributable to joint interest partners in oil and gas properties. These are billings to the non-operators associated with the operation of wells and are based on those owners' working interests in the wells. For classified balance sheets, represents the current amount receivable, that is amounts expected to be collected within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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