Summary of Significant Accounting Policies (Details Narrative) - USD ($) |
9 Months Ended | |
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Sep. 30, 2018 |
Dec. 31, 2017 |
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Restricted cash | $ 120,000 | $ 240,000 |
Accounts receivable - oil and gas | $ 31,924 | |
Cost incurred to own shares of interest | 1,607,677 | |
EOG Resources, Inc. [Member] | ||
Accounts receivable - oil and gas | 889,493 | |
July and August 2018 [Member] | ||
Value on reclamation of two wells | $ 120,000 |
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- Definition Value on reclamation of wells. No definition available.
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- Definition Cost incurred, including capitalized costs and costs charged to expense, in acquisition of oil and gas properties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Current portion of accounts receivable attributable to joint interest partners in oil and gas properties. These are billings to the non-operators associated with the operation of wells and are based on those owners' working interests in the wells. For classified balance sheets, represents the current amount receivable, that is amounts expected to be collected within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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