DISCONTINUED OPERATIONS (Details Narrative) - USD ($) |
12 Months Ended | |
---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
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Discontinued Operations and Disposal Groups [Abstract] | ||
Depreciation expense for the discontinued operations | $ 73,272 | $ 54,705 |
Production capitalized costs | 1,395,461 | 2,571,221 |
Estimated fair value | 1,395,980 | |
Capitalized developmental costs | 0 | 0 |
Depreciation and amortization expense on oil and gas properties | 0 | 0 |
Impairment proved properties | 0 | $ 0 |
Texas railroad commission bond | 62,337 | |
Estimates capital | 5,000 | |
Additional contingent liability | $ 97,463 |
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- Definition Amount of total capital as defined by regulatory framework. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before accumulated depreciation, depletion, amortization, and valuation allowance, of capitalized cost for proved property in oil- and gas-producing activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for allocation of cost of tangible and intangible assets over their useful lives, and reduction in quantity of natural resource due to consumption directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deprecation and amortization expense attributable to property, plant and equipment and intangible assets of discontinued operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of capitalized development cost excluded from amortization for investment in unproved property and development project in oil- and gas-producing activities accounted for under full cost method. Excludes acquisition and exploration costs and capitalized interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate amount of write-downs for impairments recognized during the period for long-lived assets held for abandonment, exchange or sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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