ASSET RETIREMENT OBLIGATION (Tables)

3 Months Ended

Mar. 31, 2017

ASSET RETIREMENT OBLIGATION

Reconciliation of the Asset Retirement Obligation

	March 31, 2017			December 31, 2016
Asset retirement obligation, beginning of year	$	945,419		$	34,776
Liabilities settled		(9,475	)		1,990
Liabilities incurred		5,804			878,170
Revisions in estimated liabilities		—			—
Accretion		22,667			30,483
Asset retirement obligation, end of year	$	964,415		$	945,419