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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue:    
Oil and Gas Sales $ 5,988,963 $ 5,825,446
Net Realized and Unrealized Gain on Derivatives 1,738,871 33,643
Total Revenue 7,727,834 5,859,089
Costs and Expenses:    
Operating 4,871,755 4,337,649
Taxes - Production 346,101 379,604
Depletion, Depreciation & Amortization 3,118,019 3,351,643
Impairment of Oil and Natural Gas Properties 8,671,303 0
Accretion of Asset Retirement Obligation 929,858 306,301
General and Administrative 7,373,804 3,634,887
Total Cost and Expenses 25,310,840 12,010,084
Operating Loss (17,583,006) (6,150,995)
Other Income and (Expense):    
Gain on Sale of Assets 1,268,760 0
Interest Expense (521,187) (503,607)
Net Loss $ (16,835,433) $ (6,654,602)
Net Loss per Common Share, Basic & Diluted $ (0.74) $ (0.33)
Weighted Average Number of Common Shares Outstanding,    
Basic & Diluted 22,708,030 19,867,277