SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Oil and Gas Lease Payments (Details) |
12 Months Ended | |
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Aug. 31, 2020
USD ($)
Well
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Aug. 31, 2019
USD ($)
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| Oil and Gas Lease Payments [Abstract] | ||
| Number of wells that have been drilled | 6 | |
| Number of wells placed into service | 4 | |
| Oil and gas royalty income, net | $ | $ 669,033 | $ 148,327 |
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- References No definition available.
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| X | ||||||||||
- Definition Number of producing oil wells and oil wells capable of production placed into service. No definition available.
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| X | ||||||||||
- Definition Number of producing oil wells and oil wells capable of production representing summation of fractional ownership working interest to whole. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Ancillary revenue earned during the period from the consideration paid to the entity for the use of its rights and property by another party. Examples include licensing the use of copyrighted materials and leasing the extraction of natural resources. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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