ASSET RETIREMENT OBLIGATION (Tables)

12 Months Ended

Dec. 31, 2019

ASSET RETIREMENT OBLIGATION

Schedule of asset retirement obligation

Balance, December 31, 2016	$	7,957,035
Liabilities incurred		1,297,289
Liabilities settled		(766,595)
Accretion expense		567,968
Balance, December 31, 2017	$	9,055,697
Liabilities acquired		2,571,549
Liabilities incurred		1,311,956
Liabilities settled		(577,824)
Revision of estimate (1)		87,960
Accretion expense		606,459
Balance, December 31, 2018	$	13,055,797
Liabilities acquired		3,745,642
Liabilities incurred		631,727
Liabilities settled		(1,589,654)
Accretion expense		943,707
Balance, December 31, 2019	$	16,787,219