OIL AND NATURAL GAS PROPERTIES (Details) - USD ($) |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2025 |
Mar. 31, 2024 |
Dec. 31, 2024 |
|
OIL AND NATURAL GAS PROPERTIES | |||
Evaluated oil and natural gas properties - cost | $ 6,933,071 | $ 6,933,071 | |
Accumulated depletion and impairment | (6,280,775) | (6,142,978) | |
Oil and natural gas properties, net | 652,296 | 790,093 | |
Unevaluated properties | 0 | $ 0 | |
Depletion expense | $ 137,797 | $ 194,871 |