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Property (Tables)
12 Months Ended
Dec. 31, 2020
Property  
Schedule of capitalized costs of oil and natural gas properties

 

 

 

2020

 

 

 

 

2019

 

 

 

 

 

 

 

 

 

 

Proved producing wells

 

$

4,508,739

 

 

 

 

$

3,826,522

 

Proved undeveloped

 

 

2,715,980

 

 

 

 

 

2,232,358

 

Lease and well equipment

 

 

1,360,596

 

 

 

 

 

1,121,527

 

Asset retirement obligation

 

 

14,126,130

 

 

 

 

 

5,480,050

 

Gross capitalized costs

 

 

22,711,445

 

 

 

 

 

12,660,457

 

Accumulated Depreciation, Depletion, Amortization and Impairment

 

 

(15,148,444

)

 

 

 

 

(3,365,340

)

 

 

 

 

 

 

 

 

 

 

 

Net capitalized costs

 

$

7,563,001

 

 

 

 

$

9,295,117