OIL AND NATURAL GAS PROPERTIES |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||
OIL AND NATURAL GAS PROPERTIES | |||||||||||||||||||||||||||||||||||||||||||
OIL AND NATURAL GAS PROPERTIES | NOTE 6. OIL AND NATURAL GAS PROPERTIES
The Company had no unevaluated properties at March 31, 2025 and December 31, 2024. The Company recorded depletion expense in the amounts of $137,797 and $194,871 for the three months ended March 31, 2025 and 2024, respectively. There were no ceiling test impairments recorded during the three months ended March 31, 2025 and the year ended December 31, 2024. |