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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2021
Revenue Recognition  
Summary of revenue

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

    

2021

    

2020

Operating revenue

 

 

 

 

 

 

Natural gas

 

$

6,332,099

 

$

4,019,764

Natural gas liquids

 

 

45,621

 

 

31,658

Oil and condensate

 

 

61,435

 

 

59,722

Gathering and compression fees

 

 

2,002,157

 

 

2,316,702

Total operating revenue

 

$

8,441,312

 

$

6,427,846

 

Schedule of accounts receivable net of allowance for doubtful accounts

 

 

 

 

 

 

 

 

    

March 31, 

    

December 31, 

 

 

2021

 

2020

Accounts receivable

 

 

 

 

 

 

Natural gas and oil sales

 

$

1,860,300

 

$

2,107,910

Joint interest billing

 

 

87,713

 

 

69,495

Gathering and compression fees

 

 

1,446,478

 

 

1,736,043

Other

 

 

68,057

 

 

3,840

Total accounts receivable

 

$

3,462,548

 

$

3,917,288