Annual report pursuant to Section 13 and 15(d)

Asset Retirement Obligation (Tables)

v3.10.0.1
Asset Retirement Obligation (Tables)
 12 Months Ended
Dec. 31, 2018
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, 2018 and 2017:
Asset Retirement Obligation
 
For the Years Ended December 31,
 
2018
 
2017
Beginning asset retirement obligation
$
9,170,493

 
$
11,882,943

Liabilities assumed
—

 
—

ARO accretion expense
499,562

 
663,065

Liabilities settled
(628,300
)
 
—

Revision in cash flow estimates
(1,085,412
)
 
(3,375,515
)
Ending asset retirement obligation
$
7,956,343

 
$
9,170,493