Income Taxes - Net Deferred Tax Liabilities (Details) - USD ($) |
Dec. 31, 2019 |
Dec. 31, 2018 |
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Deferred tax assets: | ||
State net operating loss carryforwards | $ 492,672 | $ 465,496 |
Canadian net operating loss carryforwards | 12,195,114 | 12,113,684 |
ARO | 833,562 | |
Unrealized Hedge/Other | 71,524 | 91,646 |
Gross deferred tax assets | 13,592,872 | 12,670,826 |
Valuation allowance | (12,195,114) | (12,113,684) |
Total deferred tax assets | 1,397,758 | 557,142 |
Deferred tax liabilities: | ||
Oil and gas property | (10,210,078) | (7,407,828) |
Partnership | (3,016,277) | (3,138,592) |
Unrealized Hedge/Other | (572,867) | |
Total deferred tax liabilities | (13,799,222) | (10,546,420) |
Net deferred tax liability | (12,401,464) | (9,989,278) |
Uncertain tax benefit liability | 0 | 0 |
Accrued interest and penalties | 0 | $ 0 |
U.S. federal | ||
Operating Loss Carryforwards [Line Items] | ||
Net operating loss carry-forwards | 0 | |
State | ||
Operating Loss Carryforwards [Line Items] | ||
Net operating loss carry-forwards | $ 8,500,000 |
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- Definition Amount of deferred tax consequences attributable to taxable temporary differences derived from oil and gas properties. No definition available.
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- Definition Amount of deferred tax consequences attributable to taxable temporary differences derived from partnership. No definition available.
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- References No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences with jurisdictional netting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible foreign operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible state and local operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from asset retirement obligations. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of unrecognized tax benefits. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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