Annual report pursuant to Section 13 and 15(d)

Asset Retirement Obligation (Tables)

v3.20.4
Asset Retirement Obligation (Tables)
12 Months Ended
Dec. 31, 2020
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, 2020 and 2019:
Asset Retirement Obligation
For the Years Ended December 31,
2020 2019
Beginning asset retirement obligation $ 8,044,200  $ 7,956,343 
Liabilities assumed —  — 
ARO accretion expense 461,713  443,969 
Liabilities settled —  — 
Revision in cash flow estimates 256,666  (356,112)
Ending asset retirement obligation $ 8,762,579  $ 8,044,200