PRESENTATION OF INTERIM INFORMATION, Oil and Gas Lease Payments (Details) |
3 Months Ended | 9 Months Ended | |||
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May 31, 2018
USD ($)
a
Well
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May 31, 2017
USD ($)
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May 31, 2018
USD ($)
a
Well
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May 31, 2017
USD ($)
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Oct. 05, 2017
USD ($)
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Oil and Gas Lease Payments [Abstract] | |||||
Number of drilling wells | Well | 2 | 2 | |||
Oil and gas royalty income, net | $ 61,113 | $ 24,935 | $ 152,653 | $ 164,338 | |
Bison Lease [Member] | |||||
Oil and Gas Lease Payments [Abstract] | |||||
Mineral estate area owned (in acres) | a | 40 | 40 | |||
Up-front payment received | $ 130,000 | $ 130,000 | $ 167,200 | ||
Term period of lease | 3 years | ||||
Deferred lease income recognized related to up-front payment | $ 13,900 | $ 37,200 |
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- Definition Period for recognize revenue which reported as deferred or unearned revenue. No definition available.
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- References No definition available.
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- Definition Amount of deferred revenue as of balance sheet date. Deferred revenue represents collections of cash or other assets related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. No definition available.
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X | ||||||||||
- Definition Amount of revenue recognized that was previously reported as deferred or unearned revenue. No definition available.
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- Definition Fractional interest owned based on working interests or other economic arrangements of lease area on which wells have not been drilled or completed to a point that would permit the production of commercial quantities of oil and gas regardless of whether or not such area contains proved reserves. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition The total number of producing oil wells and oil wells capable of production, in which the entity owns a fractional working interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- 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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- Details
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