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Asset Retirement Obligations (Tables)
3 Months Ended
Mar. 31, 2021
Asset Retirement Obligations  
Schedule of activity in asset retirement obligations

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Year ended

 

 

 

March 31, 

 

 

December 31, 

 

 

2021

    

2020

Balance beginning of period

 

$

3,150,243

 

$

2,909,855

Liabilities from drilling of new wells

 

 

6,908

 

 

5,826

Wells plugged and abandoned

 

 

(31,945)

 

 

(850)

Change in estimates

 

 

 —

 

 

32,668

Accretion

 

 

25,923

 

 

202,744

Balance end of period

 

$

3,151,129

 

$

3,150,243