Derivative finanicial instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative finanicial instruments (Tables)

Schedule of gain loss on derivatives

	As of December 31,
	2020		2019
Gain on derivatives:
Oil derivatives	$	1,738,871	$	25,894
Natural gas derivatives		—		7,749
Total	$	1,738,871	$	33,643

Schedule of net cash receipts from derivatives

	As of December 31,
	2020		2019
Net cash receipts from derivatives:
Oil derivatives	$	1,520,988	$	358,799
Natural gas derivatives		—		11,557
Total	$	1,520,988	$	370,356

Schedule of notional amounts of outstanding derivative

	First quarter	Second quarter	Third quarter	Fourth quarter
Oil Swaps:
Volume (Bbl)	15,255	15,180	5,200	—
Price per Bbl	$49.40	$50.87	$38.25	—