ASSET RETIREMENT OBLIGATION - Schedule of Change in Asset Retirement Obligation (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
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| Asset retirement obligation | ||
| Beginning of the year | $ 5,078,595 | $ 4,826,847 |
| Liabilities incurred during the period | 112,417 | 865 |
| Settlements | (78,839) | (151,856) |
| Changes in Working Interest | 26,085 | (4,716) |
| Changes in estimates | (67,707) | 405,440 |
| Accretion expense | 7,300 | 2,015 |
| End of year | $ 5,077,852 | $ 5,078,595 |
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- Definition Amount of asset retirement obligations changes in working interest. No definition available.
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- Definition The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of asset retirement obligations incurred during the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of asset retirement obligations settled, or otherwise disposed of, during the period. This may include asset retirement obligations transferred to third parties associated with the sale of a long-lived asset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) in the asset retirement obligation from changes in the amount or timing of the estimated cash flows associated with the settlement of the obligation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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