Annual report pursuant to Section 13 and 15(d)

ASSET RETIREMENT OBLIGATIONS (Tables)

v3.20.2
ASSET RETIREMENT OBLIGATIONS (Tables)
12 Months Ended
Mar. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of reconciliation of long-term legal obligations

The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of long-term legal obligations associated with the future retirement of oil and natural gas properties for the years ended March 31, 2020 and 2019:

 

    2020     2019  
Carrying amount at beginning of year   $ 303,809     $ 979,159  
Payments     (149,910 )      
Accretion     2,920       4,725  
Dispositions           (699,536 )
Revisions of previous estimates     (85,069 )     19,461  
Carrying amount at end of year   $ 71,750     $ 303,809