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Oil and Gas Properties
 6 Months Ended
Jun. 30, 2019
Oil And Gas Property [Abstract]  
Oil and Gas Properties

 

4. OIL AND GAS PROPERTIES:

 

 

 

June 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Proven properties:

 

 

 

 

 

 

 

 

Acquisition, equipment, exploration, drilling and abandonment costs

 

$

11,755,535

 

 

$

11,577,281

 

Less: Accumulated depletion, depreciation and amortization

 

 

(10,178,996

)

 

 

(10,079,554

)

Total Oil and gas properties, net

 

$

1,576,539

 

 

$

1,497,727