Commodity Risk Management Activities (Tables)

12 Months Ended

Dec. 31, 2019

Commodity Risk Management Activities

Schedule of natural gas price and basis swap contracts

		Weighted Average Price ($/MMbtu)					Fair Value
	Volume				Basis		December 31,
Derivative Type	(Mmbtu)		Swaps		Differential		2019
2020
Fixed price swap	4,637,500		$	2.71	$	—		2,001,496
Basis swap	4,637,500		$	—	$	(0.43)		(1,694)
							$	1,999,802

Schedule of fair value of derivatives

	Fair Value of Derivative  Assets
	December 31,		December 31,
	2019		2018
Current
Basis swap	$	162,844	$	76,075
Fixed price swap		2,001,496		125,790
	$	2,164,340	$	201,865

	Fair Value of Derivative  Liabilities
	December 31,		December 31,
	2019		2018
Current
Basis swap	$	(164,538)	$	(337,438)
Fixed price swap		—		(161,450)
	$	(164,538)	$	(498,888)
Net Fair Value of Derivatives	$	1,999,802	$	(297,023)

Schedule of fair value of derivatives rollforward

	Year ended December 31,
	2019		2018
Fair value of asset (liability), beginning of year	$	(297,023)	$	259,544
Gains (losses) on derivative contracts included in earnings		4,246,057		(1,938,465)
Settlement of commodity derivative contracts		(1,949,232)		1,381,898
Fair value of asset (liability), end of year	$	1,999,802	$	(297,023)