Property and Equipment - Schedule of Cost Incurred in Oil and Gas Properties (Details) |
12 Months Ended |
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Dec. 31, 2017
USD ($)
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Exploration and Development Costs | $ 1,951,647 |
Oil and Gas Properties [Member] | |
Acquisition Costs | 10,252,568 |
Exploration and Development Costs | 4,405,352 |
Disposition of Assets | |
Depreciation, Depletion, Amortization, and Impairment | (1,525,784) |
Net cost Incurred in Oil and Gas Properties | 13,132,136 |
Oil and Gas Properties [Member] | 2016 and Prior [Member] | |
Acquisition Costs | 10,252,568 |
Exploration and Development Costs | 1,181,421 |
Disposition of Assets | |
Depreciation, Depletion, Amortization, and Impairment | |
Net cost Incurred in Oil and Gas Properties | 11,433,989 |
Oil and Gas Properties [Member] | 2017 [Member] | |
Acquisition Costs | |
Exploration and Development Costs | 3,223,931 |
Disposition of Assets | |
Depreciation, Depletion, Amortization, and Impairment | (1,525,784) |
Net cost Incurred in Oil and Gas Properties | $ 1,698,147 |
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- Definition Depreciation, Depletion, Amortization, and Impairment. No definition available.
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- Definition Net cost Incurred in Oil and Gas Properties. No definition available.
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- Definition The capitalized costs incurred during the period (excluded from amortization) to purchase, lease or otherwise acquire an unproved property, including costs of lease bonuses and options to purchase or lease properties, the portion of costs applicable to minerals when land including mineral rights is purchased in fee, brokers' fees, recording fees, legal costs, and other costs incurred in acquiring properties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of costs incurred related to oil and gas property acquisition, exploration and development activities, including capitalized costs and costs charged to expense. No definition available.
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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