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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue:    
Oil and gas sales $ 5,825,446 $ 352,374
Unrealized gain on derivatives 33,643 113,081
Total Revenue 5,859,089 465,455
Costs and expenses:    
Operating 4,337,649 116,288
Taxes - production 379,604 21,194
Depreciation, depletion and amortization 3,351,643 15,527
Accretion of asset retirement obligation 306,301 1,929
General and administrative 3,634,887 1,226,465
Total costs and expenses 12,010,084 1,381,403
Operating loss (6,150,995) (915,948)
Other expense:    
Interest expense 503,607 101,183
Net loss $ (6,654,602) $ (1,017,131)
Net loss per common share, basic and diluted $ (0.33) $ (0.08)
Weighted average number of common shares outstanding basic and diluted 19,867,277 13,150,325