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OIL AND NATURAL GAS PROPERTIES (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
OIL AND NATURAL GAS PROPERTIES          
Proved properties $ 906,256,358   $ 906,256,358   $ 758,313,233
Unevaluated properties 242,656,886   242,656,886   275,041,784
Less: accumulated depreciation, depletion, and impairment (490,530,741)   (490,530,741)   (328,913,425)
Total oil and natural gas properties, net 658,382,503   658,382,503   $ 704,441,592
Transfer to full cost pool     48,600,000    
Impairment of oil and natural gas properties $ 65,535,973 $ 28,146,711 $ 136,461,704 $ 30,948,909  
Percent of proved undeveloped reserves of estimated proved reserves (as a percent)         6.10%