Note 6 - Asset Retirement Obligation (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

Schedule of Asset Retirement Obligations [Table Text Block]

Balance at December 31, 2019	$	1,821,527
Liabilities incurred for new wells (net of revisions)		4,206
Liabilities settled (wells sold or plugged)		(3,056	)
Accretion expense		11,412
Balance at March 31, 2020	$	1,834,089