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Oil and Gas Properties and Equipment
3 Months Ended
Mar. 31, 2019
Oil And Gas Property [Abstract]  
Oil and Gas Properties and Equipment

3. OIL AND GAS PROPERTIES AND EQUIPMENT:

 

 

 

March 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Proven Properties:

 

 

 

 

 

 

 

 

Acquisition, equipment, exploration, drilling and abandonment costs

 

$

11,670,425

 

 

$

11,577,281

 

Less: Accumulated depletion, depreciation and amortization

 

 

(10,127,259

)

 

 

(10,079,554

)

Oil and gas properties, net

 

$

1,543,166

 

 

$

1,497,727