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CONCENTRATIONS
12 Months Ended
Dec. 31, 2022
Risks and Uncertainties [Abstract]  
Concentration Risk Disclosure [Text Block]

NOTE 14 CONCENTRATIONS

 

We bid our gas sales on a month-to-month basis and generally sell to a single customer without commitment to future gas sales to any particular customer. We normally sell approximately 44% of our yearly natural gas production to one customer on a month-to-month basis. Since we are able to sell our natural gas to other readily available customers, the loss of any one customer would not have an adverse effect on our overall sales operations.

 

We maintain cash in depository institutions that are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per institution for our interest-bearing accounts in the years ended December 31, 2022, and 2021. At December 31, 2022 and 2021, cash in banks exceeded the FDIC limits by approximately $3.6 million and $3.9 million, respectively. We have not experienced any losses on deposits.