OIL AND GAS PROPERTIES (Tables)

12 Months Ended

Dec. 31, 2021

Extractive Industries [Abstract]

SCHEDULE OF EVALUATED OIL AND GAS PROPERTIES SUBJECT TO AMORTIZATION

Evaluated oil and gas properties subject to amortization at December 31, 2021 included the following:

	United States			South America			Total
Evaluated properties being amortized	$	13,326,568		$	49,444,654		$	62,771,222
Accumulated depreciation, depletion, amortization and impairment		(10,861,936	)		(49,444,654	)		(60,306,590	)
Net capitalized costs	$	2,464,632		$	—		$	2,464,632

Evaluated oil and gas properties subject to amortization at December 31, 2020 included the following:

	United States			South America			Total
Evaluated properties being amortized	$	11,645,084		$	49,444,654		$	61,089,738
Accumulated depreciation, depletion, amortization and impairment		(10,616,331	)		(49,444,654	)		(60,060,985	)
Net capitalized costs	$	1,028,753		$	—		$	1,028,753

SCHEDULE OF UNEVALUATED OIL AND GAS PROPERTIES NOT SUBJECT TO AMORTIZATION

Unevaluated oil and gas properties not subject to amortization at December 31, 2021 included the following:

	United States		South America		Total
Leasehold acquisition costs	$	—	$	143,847	$	143,847
Geological, geophysical, screening and evaluation costs		—		2,199,279		2,199,279
Total	$	—	$	2,343,126	$	2,343,126

Unevaluated oil and gas properties not subject to amortization at December 31, 2020 included the following:

	United States		South America		Total
Leasehold acquisition costs	$	1,503,349	$	143,847	$	1,647,196
Geological, geophysical, screening and evaluation costs		135,330		2,199,279		2,334,609
Total	$	1,638,679	$	2,343,126	$	3,981,805