Statement Class Of Stock [Axis]
Preferred B Shares [Member]
Legal Entity [Axis]
Bandolier [Member]
Horizon Energy [Member]
MegaWest [Member]
Antidilutive Securities [Axis]
Stock Options [Member]
Stock Purchase Warrants [Member]
Geographical [Axis]
Other [Member]
Oklahoma [Member]
Range [Axis]
Minimum
Maximum
Equity Components [Axis]
Nature of Expense [Axis]
General and Administrative Expense [Member]
Debt Instrument [Axis]
June 2017 $2.0 Million Secured Note Financing
November 2017 $2.5 Million Secured Note Financing
Contract with Customer, Sales Channel [Axis]
Oil sales
Natural gas sales
LBE Partners
Petro River
Combined
Texas[Member]
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
Entity Emerging Growth Company
Entity Small Business
Entity Common Stock, Shares Outstanding
Document Fiscal Period Focus
Document Fiscal Year Focus
Statement [Table]
Statement [Line Items]
Class of Stock [Axis]
Assets
Current Assets:
Cash and cash equivalents
Accounts receivable - oil and gas
Prepaid expenses and other current assets
Prepaid oil and gas asset development costs
Total Current Assets
Oil and gas assets, full cost method
Costs subject to amortization, net
Costs not being amortized, net
Property, plant and equipment, net
Investment in Horizon Energy Partners, LLC
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
Promissory note payable - related party
Redetermination liability
Asset retirement obligations, current portion
Total Current Liabilities
Long-term liabilities:
Asset retirement obligations, net of current portion
Notes payable - related parties, net of debt discount of $1,808,744 and $2,139,250, respectively
Total Long-term Liabilities
Total Liabilities
Commitments and contingencies
Equity:
Preferred shares
Common shares - 150,000,000 authorized; par value $0.00001 per share; 17,938,540 and 17,309,733 issued and outstanding as of October 31, 2018 and April 30, 2018, respectively
Additional paid-in capital
Accumulated deficit
Total Petro River Oil Corp. Equity
Non-controlling interest
Total Equity
Total Liabilities and Equity
Note payable 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]
Revenue
Oil and natural gas sales
Total Revenue
Operating Expense
Lease operating expense
Depreciation, depletion and accretion
Impairment of oil and gas assets
General and administrative
Total Operating Expense
Operating Loss
Other Income (Expense)
Interest income (expense) - net
Loss on legal settlement
Net gain on real estate rights
Total Other Income (Expense)
Net Loss Before Income Tax Provision
Income Tax Provision
Net Loss
Net Income (Loss) Attributable to Non-controlling Interest
Net Loss Attributable to Petro River Oil Corp. and Subsidiaries
Loss Per Common Share - Basic and Diluted
Weighted average number of common shares outstanding - Basic and diluted
Statement of Cash Flows [Abstract]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Stock-based compensation
Depreciation, depletion and accretion
Amortization of debt discount
Loss on legal settlement
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 related party
Accrued interest on notes receivable- related party
Prepaid expenses and other current assets
Accrued interest on notes payable – related party
Accounts payable and accrued expenses
Net Cash Provided by (Used in) Operating Activities
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from the sale of interest in real estate rights
Prepaid oil and gas assets
Issuance of notes receivable - related party
Capitalized expenditures on oil and gas assets
Cash received from acquisition of LBE Partners
Cash paid for cost method investment
Net Cash Used in Investing Activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related party advances
Proceeds from notes payable - related party
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 period
Cash and cash equivalents, end of period
SUPPLEMENTARY CASH FLOW INFORMATION:
Cash paid during the period for:
Income taxes
Interest paid
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Additions to asset retirement obligation from new drilling
Change in estimate of asset retirement obligation
Accrued oil and gas development costs
Warrants issued with notes payable
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
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
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers
Commitments and Contingencies Disclosure [Abstract]
Contingency and Contractual Obligations
Use of Estimates
Cash and Cash Equivalents
Receivables
Oil and Gas Operations
Fair Value of Financial Instruments
Revenue Recognition
Stock-Based Compensation
Income Taxes
Per Share Amounts
Recent Accounting Pronouncements
Subsequent Events
Organization
Purchase consideration:
Pro-forma
Non-controlling
Schedule of Common Stock Equivalents
Schedule of Oil and Gas Assets
Schedule of Changes to Asset Retirement Obligation
Schedule of Expected Timing of Asset Retirement Obligations
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of options assumptions
Schedule of Changes in Stock Options
Summary of Options Outstanding and Exercisable
Summary of Warrants Outstanding and Exercisable
Disaggregation of revenue
Organization
Common stock issued
Total Purchase Consideration
Organization
Cash
Prepaid drilling costs
Oil and gas assets – net
Liabilities assumed – accounts payable
Liabilities assumed – asset retirement obligation
Non-controlling interest
Net assets acquired
Revenues
Net income (loss)
Loss per share of common share - Basic and diluted
Weighted average number of common shares Outstanding - Basic and diluted
Organization
Non–controlling interest, beginning
Acquisition of non–controlling interest in LBE
Contributions from non-controlling interest
Non–controlling share of net loss
Non–controlling interest, ending
Equity ownership
Going Concern And Managements Plan Details Narrative
Common stock equivalent shares
Allowance for doubtful accounts
Oil and gas assets, net
Additions
Depreciation, depletion and amortization
Oil and gas assets, net
Balance, beginning of period
Additions
Change in estimates
Disposals
Accretion
Total asset retirement obligations
Less: Current portion for cash flows expected to be incurred within one year
Long-term portion, end of period
2019 (remainder of year)
2020
2021
2022
2023
Thereafter
Subtotal
Effect of discount
Total
Asset Retirement Obligation, future liability
Costs are expected to be incurred, minimum period
Accretion expense
Unamortized debt discount
Exercise price
Expected dividends
Expected volatility
Risk free interest rate
Expected life of warrant
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
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
Outstanding - Aggregate Intrinsic Value
Exercisable - Aggregate Intrinsic Value
Exercise Price
Options Outstanding
Options Outstanding, Weighted Avg. Life Remaining
Options Exercisable
Number of Warrants, Outstanding and exercisable, Beginning balance
Number of Warrants, Forfeited
Number of Warrants, Granted
Number of Warrants, Outstanding and exercisable, Ending balance
Weighted Avg. Exercise Price, Outstanding and exercisable
Weighted Avg. Exercise Price, Forfeited
Weighted Avg. Exercise Price, Outstanding and exercisable
Weighted Avg. Life Remaining, Outstanding and exercisable, beginning
Weighted Avg. Life Remaining, Outstanding and exercisable, ending
Allocated stock based compensation expense
Unrecognized stock based compensation expense
Unrecognized Share-based Compensation, Period for Recognition
Aggregate intrinsic value of warrants
Asset retirement obligation accretion expense1.
2016 (remainder of year).
Custom Element.
Custom Element.
Custom Element.
Custom Element.
Custom Element.
Custom Element.
Custom Element.
Cash Paid During The Period For [Abstract].
Custom Element.
Custom Element.
Custom Element.
Other State [Member].
Custom Element.
Custom Element.
Range One [Member].
Custom Element.
Range Two [Member].
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Warrants Outstanding And Exercisable Weighted Average Remaining Life.
Assets, Current
Assets [Default Label]
Liabilities, Current
Liabilities, Noncurrent
Liabilities
Stockholders' Equity Attributable to Parent
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Liabilities and Equity [Default Label]
Operating Expenses
Operating Income (Loss)
Nonoperating Income (Expense)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
Net Income (Loss) Attributable to Noncontrolling Interest
Depreciation, Depletion and Amortization
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Accounts Receivable from Securitization
Increase (Decrease) in Prepaid Expense and Other Assets
Increase (Decrease) in Interest Payable, Net
Increase (Decrease) in Accounts Payable and Accrued Liabilities
Net Cash Provided by (Used in) Operating Activities
Payments to Acquire Oil and Gas Property and Equipment
Payments to Acquire Oil and Gas Equipment
Net Cash Provided by (Used in) Investing Activities
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value
Oil and Gas Property, Full Cost Method, Net
Depletion of Oil and Gas Properties
Asset Retirement Obligation, Liabilities Incurred
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period
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, Options, Outstanding, Intrinsic Value
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value
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, Nonvested, Weighted Average Grant Date Fair Value