SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	17.     SUBSEQUENT EVENTS On July 7, 2021 the Company entered into the Fourth Amendment to its Senior Revolver Loan Agreement (“the Amended Agreement”) with CrossFirst Bank (“CrossFirst”). The Amended Agreement revolver extends the maturity of the loan to March 27, 2024 and provides a commitment amount of $7,980,000 which is reduced by $300,000 each calendar quarter beginning September 30, 2021. Beginning September 30, 2021, the Amended Agreement requires the Company maintain commodity derivatives at certain thresholds based on projected production and to maintain certain covenants including an EBITDAX to interest expense of at least 3:1 and funded debt to EBITDAX of 5:1 on a trailing twelve-month basis. On July 22, 2021 the Company and 31 Group, LLC entered into a Mutual Termination Agreement which terminated the purchase and sale agreement of March 22, 2021 between the companies. (See Note 16). On August 19, 2021 the Company entered into a Mutual Termination Agreement with the Energy Evolution Fund, LP to terminate and rescind the Company’s $1,250,000 investment in the Energy Evolution Fund, LP (See Note 3). The proceeds from the recission were applied to the outstanding balance of the Secured Convertible Note Payable (See Note 11). Between July 1, 2021 and August 23, 2021 warrants to purchase 571,429 shares of the Company’s common stock were exercised. The Company realized $285,714 from the exercise. In addition, options to purchase 700,000 shares of the Company’s common stock were exercised. On August 18, 2021 the Board of Directors of the Company approved the compensation plan for non-employee members of the Company’s Board of Directors. Under the plan, each non-employee Director will receive a Board fee of $80,000 and 120,000 shares of the Company’s common stock, which vests on December 31, 2021.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2021

17.     SUBSEQUENT EVENTS

On July 7, 2021 the Company entered into the Fourth Amendment to its Senior Revolver Loan Agreement (“the Amended Agreement”) with CrossFirst Bank (“CrossFirst”). The Amended Agreement revolver extends the maturity of the loan to March 27, 2024 and provides a commitment amount of $7,980,000 which is reduced by $300,000 each calendar quarter beginning September 30, 2021. Beginning September 30, 2021, the Amended Agreement requires the Company maintain commodity derivatives at certain thresholds based on projected production and to maintain certain covenants including an EBITDAX to interest expense of at least 3:1 and funded debt to EBITDAX of 5:1 on a trailing twelve-month basis.

On July 22, 2021 the Company and 31 Group, LLC entered into a Mutual Termination Agreement which terminated the purchase and sale agreement of March 22, 2021 between the companies. (See Note 16).

On August 19, 2021 the Company entered into a Mutual Termination Agreement with the Energy Evolution Fund, LP to terminate and rescind the Company’s $1,250,000 investment in the Energy Evolution Fund, LP (See Note 3). The proceeds from the recission were applied to the outstanding balance of the Secured Convertible Note Payable (See Note 11).

Between July 1, 2021 and August 23, 2021 warrants to purchase 571,429 shares of the Company’s common stock were exercised. The Company realized $285,714 from the exercise. In addition, options to purchase 700,000 shares of the Company’s common stock were exercised.

On August 18, 2021 the Board of Directors of the Company approved the compensation plan for non-employee members of the Company’s Board of Directors. Under the plan, each non-employee Director will receive a Board fee of $80,000 and 120,000 shares of the Company’s common stock, which vests on December 31, 2021.