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Network
00000024 - Disclosure - ASSET RETIREMENT OBLIGATIONS (Tables)
(http://lucasenergy.com/role/AssetRetirementObligationsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Asset Retirement Obligation Disclosure [Abstract]Period [Axis]
2015-04-01 - 2016-03-31
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, 2016 and 2015:

 

    2016   2015
Carrying amount at beginning of year   $ 1,051,694     $ 978,430  
Accretion     127,476       110,147  
Reduction for sale of oil and gas property           (36,883 )
Carrying amount at end of year   $ 1,179,170     $ 1,051,694