Statement Class Of Stock [Axis]
Series B Preferred Stock [Member]
Equity Components [Axis]
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Noncontrolling Interest [Member]
Business Acquisition [Axis]
Bandolier [Member]
MegaWest [Member]
Geographical [Axis]
Other [Member]
Larne Basin [Member]
OKLAHOMA
Horizon. [Member]
Stock Purchase Warrants [Member]
Antidilutive Securities [Axis]
Stock Options [Member]
Regulatory Asset [Axis]
Asset Retirement Obligation Costs [Member]
Range [Axis]
Exercise Price Range One [Member]
Exercise Price Range Two [Member]
Exercise Price Range Three [Member]
Exercise Price Range Four [Member]
Exercise Price Range Five [Member]
Exercise Price Range Six [Member]
Exercise Price Range Seven [Member]
Exercise Price Range Eight [Member]
Oil and Gas Production Type [Axis]
MBbls [Member]
Gas [Member]
Minimum
Maximum
Exercise Price Range Nine [Member]
Legal Entity [Axis]
Fortis Redetermination
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Entity Filer Category
Public Float
Entity Common Stock, Shares Outstanding
Document Fiscal Period Focus
Document Fiscal Year Focus
Entity Reporting Status
Well Known Seasoned Issuer
Voluntary Filer
Statement [Table]
Statement [Line Items]
Class of Stock [Axis]
Assets
Current Assets:
Cash and cash equivalents
Accounts receivable - oil and gas
Accounts receivable - real estate - related party
Accounts receivable - other
Accrued interest on notes receivable - related party
Interest in real estate rights
Prepaid expenses and other current assets
Prepaid oil and gas asset development costs
Notes receivable - related party, current portion
Total Current Assets
Oil and gas assets, full cost method, Costs subject to amortization, net
Oil and gas assets, full cost method, Costs not being amortized, net
Property, plant and equipment, net
Investment in Horizon Energy Partners
Other assets
Total Long-term Assets
Total Assets
Liabilities and Equity
Current Liabilities:
Accounts payable and accrued expenses
Accrued interest on notes payable – related party
Deferred tax liability
Redetermination liability
Asset retirement obligations, current portion
Total Current Liabilities
Long-term liabilities:
Asset retirement obligations, net of current portion
Note payable - related parties, net of debt discount of $2,139,250 and $0, respectively
Total Long-term Liabilities
Total Liabilities
Commitments and contingencies
Stockholders' Equity:
Preferred shares
Common shares - 150,000,000 authorized; par value $0.00001; 17,309,733 and 15,827,921 issued and outstanding, respectively
Additional paid-in capital
Accumulated deficit
Total Petro River Oil Corp. Equity
Non-controlling interests
Total Equity
Total Liabilities and Equity
Note payable - related parties, debt discount
Preferred stock, shares authorized
Preferred stock, par value
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, shares authorized
Common stock, par value
Common stock, shares issued
Common stock, shares outstanding
Income Statement [Abstract]
Operations Revenues
Oil and natural gas sales
Total Revenues
Operating Expenses
Lease operating expenses
Depreciation, depletion and accretion
Gain on sale of oil and gas assets
Impairment of oil and gas assets
General and administrative
Total Operating Expenses
Operating Loss
Other Income (Expense)
Interest income (expense) - net
Loss on assumption of Pearsonia interests
Loss on redetermination
Net gain on real estate rights
Other Income (Expense)
Loss Before Income Tax Provision
Income Tax Provision
Net Loss
Net Income Attributable to Non-controlling Interests
Net Loss Attributable to Petro River Oil Corp. shareholders
Loss Per Common Share - Basic and Diluted
Weighted average number of common shares outstanding - basic and diluted
Balance
Balance, shares
Stock based compensation
Acquisition of Horizon Investments
Acquisition of Horizon Investments, shares
Non-controlling interest contribution
Cashless exercise of options
Cashless exercise of options, shares
Warrants issued with secured promissory note
Contribution of overriding royalty interest
Acquisition of Pearsonia interest
Acquisition of Pearsonia interest, shares
Acquisition of Bandolier interest upon redetermination
Net income (loss)
Balance
Balance, shares
Statement of Cash Flows [Abstract]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation
Depreciation, depletion and accretion
Amortization of debt discount
Loss on redetermination
Loss on assumption of Pearsonia interests
Net gain on interest in real estate rights
Deferred income tax expense
Changes in operating assets and liabilities:
Accounts receivable - oil and gas
Accounts receivable - real estate - related party
Accounts receivable - other
Accrued interest on notes receivable - related party
Prepaid expenses and other current assets
Accounts payable and accrued expenses
Accrued interest on notes payable – related party
Net Cash Used in Operating Activities
Cash Flows From Investing Activities:
Proceeds from interest in real estate rights
Prepaid oil and gas development costs
Issuance of notes receivable - related party
Capitalized expenditures on oil and gas assets
Cash received from the acquisition of Horizon Investments
Cash provided upon redetermination
Cash paid for cost method investment
Payments on investment in Horizon Energy Partners
Net Cash (Used in) Provided by Investing Activities
Cash Flows From Financing Activities:
Proceeds from notes payable - related party
Cash paid for debt inducement
Cash received from non-controlling interest contributions
Net Cash Provided by Financing Activities
Change in cash and cash equivalents
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
SUPPLEMENTARY CASH FLOW INFORMATION:
Cash Paid During the year for:
Income taxes
Interest
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Reclassification from prepaid oil and gas development costs to oil and gas assets not being amortized
Receivable for sale of oil and gas equipment
Warrants issued with notes payable
Overriding interest contributed as debt inducement
Redetermination liability
Accrued oil and gas development costs
Change in estimate of asset retirement obligation
Additions to asset retirement obligation from new drilling
Organization And Liquidity
Organization
Going Concern And Managements Plan
Going Concern and Management's Plan
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Preparation
Accounting Policies [Abstract]
Significant Accounting Policies
Business Acquisitions
Business Acquisitions
Accounts Receivable Related Party
Accounts Receivable – Related Party
Notes Receivable Related Party
Notes Receivable – Related Party
Interest In Real Estate Rights
Interest in Real Estate Rights
Extractive Industries [Abstract]
Oil and Gas Assets
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations
Related Party Transactions [Abstract]
Related Party Transactions
Stockholders' Equity Note [Abstract]
Stockholders' Equity
Noncontrolling Interest [Abstract]
Non-Controlling Interest
Income Tax Disclosure [Abstract]
Income Taxes
Commitments and Contingencies Disclosure [Abstract]
Contingency and Contractual Obligations
Subsequent Events [Abstract]
Subsequent Events
Supplemental Information on Oil and Gas Operations (Unaudited)
Use of Estimates
Cash and Cash Equivalents
Receivables
Interest in Real Estate Rights
Oil and Gas Operations
Impairment of Long-Lived Assets
Asset Retirement Obligations
Income Taxes
Oil and Gas Revenue
Stock-based Compensation
Per Share Amounts
Fair Value of Financial Instruments
Recent Accounting Pronouncements
Subsequent Events
Organization Tables
Write-off of related assets, liabilities and non-controlling interests
Schedule of Common Stock Equivalents
Purchase price allocation
Interest In Real Estate Rights Tables
Summary of activity for interest in real estate rights
Schedule of Oil and Gas Assets
Schedule of Changes to Asset Retirement Obligation
Schedule of Expected Timing of Asset Retirement Obligations
Schedule of Stock Option Assumptions
Schedule of Changes in Stock Options
Summary of Options Outstanding and Exercisable
Schedule of Warrant Assumptions
Summary of Warrants Outstanding and Exercisable
Non-controlling Interest Tables
Changes in non-controlling interest
Schedule of Components of Income Taxes Expense (Benefits)
Schedule of Deferred Tax Assets and Liabilities
Schedule of Expected Tax Expense (Benefits) Reconciliation
Developed and undeveloped reserves
Future net cash flows relating to proved oil reserves
Principal sources of changes in standardized measure of discounted future estimated net cash flows
Accounts receivable - real estate - related party
Accrued interest on notes receivable - related party
Interest in Bandolier
Notes receivable - related party, current portion
Total Assets
Liabilities
Deferred tax liability
Total Liabilities
Non-controlling interest
Loss on redetermination
Going Concern And Managements Plan Details Narrative
Common stock equivalent shares
Cash balance, uninsured
Allowance for doubtful accounts
Liabilities for uncertain tax positions
Business Acquisitions Details
Purchase price allocation
Cash and cash equivalents
Cost method investment – Horizon Energy Partners, LLC
Notes receivable – Petro River
Net assets acquired
Consideration for net assets acquired
Fair value of common stock issued
Interest In Real Estate Rights Details
Balance, beginning
Additions
Cost of sales
Balance, ending
Balance at beginning
Additions
Depreciation, depletion and amortization
Impairment of oil and gas assets
Oil and gas assets, net
Asset Retirement Obligations, beginning of period
Additions
Disposals
Accretion
Asset Retirement Obligations
Less: Current portion for cash flows expected to be incurred within one year
Long-term portion, end of period
2019
2020
2021
2022
2023
Thereafter
Total, before discount
Effect of discount
Asset Retirement Obligation, future liability
Reclamation deposits
Accounts receivable - related party
Notes Receivable – Related Party
Risk-free interest rate
Expected life of grants
Expected volatility of underlying stock
Dividends
Number of Options, Outstanding, beginning balance
Number of Options, Granted
Number of Options, Exercised
Number of Options, Forfeited/Cancelled
Number of Options, Outstanding, ending balance
Number of Options, Exercisable, ending balance
Weighted Avg. Exercise Price, Outstanding
Weighted Avg. Exercise Price, Granted
Weighted Avg. Exercise Price, Exercised
Weighted Avg. Exercise Price, Forfeited/Cancelled
Weighted Avg. Exercise Price, Outstanding
Weighted Avg. Exercise Price, Exercisable
Exercise Price
Options Outstanding
Options Outstanding, Weighted Avg. Life Remaining
Options Outstanding, Weighted Avg. Exercise Price
Options Exercisable
Options Exercisable, Weighted Avg. Exercise Price
Options Outstanding - Aggregate Intrinsic Value
Options Exercisable - Aggregate Intrinsic Value
Exercise price
Expected dividends
Expected volatility
Risk free interest rate
Expected life of warrant
Number of Warrants, Outstanding and exercisable, Beginning balance
Number of Warrants, Forfeited
Number of Warrants, Granted/Expired
Number of Warrants, Outstanding and exercisable, Ending balance
Weighted Avg. Exercise Price, Outstanding and exercisable
Weighted Avg. Exercise Price, Forfeited
Weighted Avg. Exercise Price, Granted/Expired
Weighted Avg. Exercise Price, Outstanding and exercisable
Weighted Avg. Life Remaining, Outstanding and exercisable, beginning of period
Weighted Avg. Life Remaining, Outstanding and exercisable, granted
Weighted Avg. Life Remaining, Outstanding and exercisable, end of period
Unrecognized stock-based compensation expense
Non-controlling interest at beginning balance
Contribution of real estate by non-controlling interest holders
Non-controlling interest share of income (losses)
Non-controlling interest at Ending balance
Foreign, Current
Foreign, Deferred
U.S. Federal, Current
U.S. Federal, Deferred
U.S. State & Local, Current
U.S. State & Local, Deferred
Change in valuation allowance
Income tax provision (benefit)
U.S. Net operating loss carryovers
Depreciation
Bandolier LLC flow-through
Accretion of asset retirement obligation
Stock-based compensation
Total deferred tax assets
Valuation allowance
Deferred tax asset, net of valuation allowance
Tax liability - MegaWest
Total deferred tax liability
US Federal statutory rate
State income tax, net of federal benefit
Change in rate
Other permanent differences
Change in valuation allowance
Income tax provision (benefit)
Net operating loss carryovers amount
Operating loss carryforwards expiry date
Operating loss carryover to annual limitation
Landlord filed a statement against company for the amount
Claim for prospective rental loss
Proved reserves
Proved reserves
Extensions, Acquisitions and discoveries
Dispositions
Production
Revisions of prior estimates
Proved reserves
Proved and unproved
Proved developed producing
Non-producing
Proved undeveloped
Total Proved reserves
Capitalized Costs Related to Oil and Gas Assets
Proved properties
Unproved
Total capitalized costs, gross
Less: accumulated impairment
Total capitalized costs, gross
Costs incurred in Oil and Gas Activities
Development
Exploration
Net costs incurred
Future cash flows relating to proved reserves:
Future cash inflows
Future operating costs
Future development costs
Future income taxes
Future net cash flows
10% discount factor
Standardized measure
Standardized measure, beginning of year
Sales of oil produced, net of production costs
Net changes in sales and transfer prices and in production costs and production costs related to future production
Previously estimated development costs incurred during the period
Changes in future development costs
Revisions of previous quantity estimates due to prices and performance
Accretion of discount
Discoveries, net future production and development costs associated with these extensions and discoveries
Purchases and sales of minerals in place
Timing and other
Standardized measure, end of year
Cash Paid During The Period For [Abstract].
Deferred tax assets accretion of asset retirement obligation.
Deferred Tax Assets Depreciation.
Operating Loss Carry forwards Expiry Date.
Other State [Member].
Range One [Member].
Range Two [Member].
Reclamation Deposits.
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Warrants Outstanding And Exercisable Weighted Average Remaining Life.
Assets, Current
Assets, Noncurrent
Liabilities, Current
Liabilities, Noncurrent
Stockholders' Equity Attributable to Parent
Liabilities and Equity [Default Label]
Oil and Gas Revenue [Default Label]
Gain (Loss) on Disposition of Assets
Operating Expenses [Default Label]
Operating Income (Loss)
Other Nonoperating Income (Expense)
Income (Loss) from Continuing Operations before Interest Expense, Interest Income, Income Taxes, Noncontrolling Interests, Net
Shares, Outstanding
Depreciation, Depletion and Amortization
NetChangeOfAssetsAndLiabilitiesOnRedetermination
GainLossOnAssumptionOfInterests
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Accounts Receivable, Related Parties
Increase (Decrease) in Accounts and Other Receivables
Increase (Decrease) in Accrued Interest Receivable, Net
Increase (Decrease) in Prepaid Expense and Other Assets
Increase (Decrease) in Accounts Payable and Accrued Liabilities
Increase (Decrease) in Interest Payable, Net
Net Cash Provided by (Used in) Operating Activities
Increase (Decrease) in Prepaid Expense
Increase (Decrease) in Notes Receivable, Related Parties
Payments to Acquire Oil and Gas Equipment
Net Cash Provided by (Used in) Investing Activities
CashPaidForDebtInducement
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)
RedeterminationLiability
Mergers, Acquisitions and Dispositions Disclosures [Text Block]
Real Estate Held for Development and Sale, Policy [Policy Text Block]
Asset Retirement Obligation [Policy Text Block]
Income Tax, Policy [Policy Text Block]
Subsequent Events, Policy [Policy Text Block]
Due from Related Parties, Current
Interest Receivable, Current
Notes, Loans and Financing Receivable, Net, Current
Debtor Reorganization Items, Revaluation of Assets and Liabilities
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents
Cost of Real Estate Sales, Excluding Interest
OilAndGasPropertyNet
Costs Incurred, Acquisition of Oil and Gas Properties
Depletion of Oil and Gas Properties
Asset Retirement Obligation
Asset Retirement Obligation, Liabilities Incurred
Asset Retirement Obligation, Liabilities Settled
Financing Receivable, Net
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriod
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value
Deferred Tax Assets, Valuation Allowance
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent
Proved Oil and Gas Property, Successful Effort Method
Capitalized Costs, Accumulated Depreciation, Depletion, Amortization and Valuation Allowance Relating to Oil and Gas Producing Activities
Capitalized Costs, Oil and Gas Producing Activities, Net
Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Production Costs
Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Development Costs