Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATION (Tables)

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ASSET RETIREMENT OBLIGATION (Tables)
6 Months Ended
Jun. 30, 2024
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Changes in Asset Retirement Obligations asset retirement obligation during the six months ended June 30, 2024 is as follows:
Balance, December 31, 2023 $ 28,248,084 
Liabilities incurred 323,673 
Liabilities sold (256,740)
Liabilities settled (442,615)
Accretion expense 703,018 
Balance, June 30, 2024
$ 28,575,420 
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, 2024 December 31, 2023
Asset retirement obligations, current $ 165,720  $ 165,642 
Asset retirement obligations, non-current 28,409,700  28,082,442 
Asset retirement obligations $ 28,575,420  $ 28,248,084