Oil and Gas Properties Acquired (Tables)

3 Months Ended

Mar. 31, 2022

Extractive Industries [Abstract]

Schedule of Oil and Gas Properties and Equipment

Oil and gas properties and equipment is comprised of the following at March 31, 2022 and December 31, 2021:

	March 31, 2022			December 31,2021
Oil and gas production equipment	$	913,425		$	913,425
Proven developed and undeveloped oil and gas properties		9,134			—
Subtotal		922,559			913,425
Less: Accumulated depreciation, depletion and amortization		(123,336	)		(92,502	)
Oil and gas properties and equipment, net	$	799,223		$	820,923

Schedule of Oil and Gas Properties Acquired

The following table summarizes the allocation of the assets acquired and the liabilities assumed related to the Oil and Gas Properties:

	Amount
Oil and gas properties, subject to depreciation, depletion and amortization	$	913,425
Asset retirement obligation assumed		(13,425	)
Total purchase price of the Oil and Gas Properties	$	900,000