Annual report pursuant to Section 13 and 15(d)

Asset Retirement Obligation (Tables)

v3.8.0.1
Asset Retirement Obligation (Tables)
12 Months Ended
Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of asset retirement obligations
The following table is a reconciliation of the asset retirement obligation as of December 31, 2017 and 2016:
Asset Retirement Obligation
 
For the Years Ended December 31,
 
2017
 
2016
Beginning asset retirement obligation
$
11,882,943

 
$
12,839,042

Liabilities assumed

 

ARO accretion expense
663,065

 
726,664

Revision in cash flow estimates
(3,375,515
)
 
(1,682,763
)
Ending asset retirement obligation
$
9,170,493

 
$
11,882,943