Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATIONS (Tables)

v3.20.2
ASSET RETIREMENT OBLIGATIONS (Tables)
3 Months Ended
Jun. 30, 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 three-month periods ended June 30, 2020 and 2019, respectively.

 

    2020     2019  
Carrying amount at beginning of period   $ 71,750     $ 303,809  
Payments            
Accretion           2  
Revisions of previous estimates           8,258  
Carrying amount at end of period   $ 71,750     $ 312,069