Foothills Exploration (FTXP) 10-K/A 6 Aug 18 2017 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Jul. 20, 2018	Jun. 30, 2017
Document And Entity Information
Entity Registrant Name	FOOTHILLS EXPLORATION, INC.
Entity Central Index Key	1,503,458
Document Type	10-K/A
Document Period End Date	Dec. 31, 2017
Amendment Flag	true
Amendment Description	Foothills Exploration, Inc. (“Foothills”, the “Company”, “its”, “we”, “our”, “us”) is filing this Amendment No. 1 on Form 10-K/A (the “Amendment”) for the fiscal year ended December 31, 2017, originally filed with the U.S. Securities and Exchange Commission (“SEC”) on April 17, 2018 (the “Original Filing”) to include audited financial statements as of December 31, 2017 along with the opinion of our auditors as to the condition of those financial statements. The principal purposes of this Amendment are as follows: ● Replacement of unaudited financial statements with audited financial statements; ● Inclusion of Report of Independent Registered Public Accounting Firm; ● Inclusion of additional oil and gas disclosures as required by the SEC; and ● Inclusion, as Exhibits, new certifications by our principal executive officer and principal financial officer, as required by Rule 12b-15 of the Securities Exchange Act of 1934, as amended. Except as described in this Explanatory Note, the information contained in the Original Filing has not been updated to reflect any subsequent events except for the issuance of common stock found in the footnotes to the financial statements, Note 13, Subsequent Events.
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 5,972,741
Entity Common Stock, Shares Outstanding		15,050,627
Trading Symbol	FTXP
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 555	$ 801,377
Accounts receivable - trade	747
Accounts receivable oil and gas	31,924
Prepaid expenses	14,721	49,140
Total current assets	47,947	850,517
Oil and gas properties, full cost accounting
Properties not subject to amortization	2,457,218	1,181,421
Properties subject to amortization, net	10,674,918	10,252,568
Support facilities and equipment, net	121,502	99,446
Net oil and gas properties	13,253,638	11,533,435
Property and equipment, net	13,821	18,339
Other assets:
Restricted cash	240,000	240,000
Surety and performance bonds	295,000	295,000
Total assets	13,850,406	12,937,291
Current liabilities:
Accounts payable - trade and accrued liabilities	3,053,050	1,710,328
Accounts payable - related party	362,714	10,600
Deferred rent	14,487
Accrued interest	64,380
Accrued interest - related party	166,438
Notes payable	7,304,097
Notes payable - related party	1,250,000
Convertible note payable, net	93,272
Derivative liabilities	458,387
Other liabilities	305,935	213,372
Total current liabilities	13,072,760	1,934,300
Long-term liabilities:
Long-term debt, net		6,000,000
Asset retirement obligation	303,327
Total liabilities	13,376,087	7,934,300
Commitments and Contingencies
Stockholders' equity:
Preferred stock, $0.0001 par value; 25,000,000 shares authorized; no shares outstanding
Common stock, $0.0001 par value; 100,000,000 shares authorized; 14,900,627 and 13,779,612 shares issued and outstanding, respectively	1,490	1,378
Stock payable	93,900	51,397
Additional paid in capital	8,847,394	6,924,810
Accumulated deficit	(8,468,465)	(1,974,594)
Total stockholders' equity	474,319	5,002,991
Total liabilities and stockholders' equity	$ 13,850,406	$ 12,937,291

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	14,900,627	13,779,612
Common stock, shares outstanding	14,900,627	13,779,612

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Revenues	$ 155,161
Operating expenses
Lease operating expense	252,753
Selling, general and administrative expense	3,808,067	1,913,265
Depletion, depreciation, amortization, and accretion expense	34,232
Impairment of oil and gas properties	1,507,768
Total operating expenses	5,602,820	1,913,265
Loss from operations	(5,447,659)	(1,913,265)
Other income (expenses):
Interest expense	(930,923)	(27,873)
Change in derivative value	(169,423)
Gain on extinguishment of debt	48,407
Other income	5,727
Total other income (expenses)	(1,046,212)	(27,873)
Net Loss	$ (6,493,871)	$ (1,941,138)
Net loss per share - basic and diluted	$ (0.45)	$ (0.23)
Weighted average shares outstanding - basic and diluted	14,418,719	8,422,180

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid in Capital [Member]	Stock Payable [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2015		$ 450	$ 71,980		$ (33,456)	$ 38,974
Balance, shares at Dec. 31, 2015		4,500,000
KYLK Shares		$ 5,881	(5,881)
KYLK Shares, shares		58,809,000
Common stock returned to treasury for cancellation		$ (5,645)	5,645
Common stock returned to treasury for cancellation, shares		(56,449,000)
Common stock issued for notes		$ 150	999,850			1,000,000
Common stock issued for notes, shares		1,503,759
Shares issued for services		$ 33	10,279			10,312
Shares issued for services, shares		325,000
Common stock issued for cash		$ 301	1,999,699			2,000,000
Common stock issued for cash, shares		3,007,519
Common stock issued for acquisition		$ 208	3,812,293			3,812,501
Common stock issued for acquisition, shares		2,083,334
Warrants issued for services			2,144			2,144
Debt forgiveness			28,801			28,801
Stock payable (RSUs)				51,397		51,397
Net income					(1,941,138)	(1,941,138)
Balance at Dec. 31, 2016		$ 1,378	6,924,810	51,397	(1,974,594)	5,002,991
Balance, shares at Dec. 31, 2016		13,779,612
Shares issued for services		$ 27	453,473			$ 453,500
Shares issued for services, shares		275,000				275,000
Common stock issued for cash		$ 41	269,959			$ 270,000
Common stock issued for cash, shares		406,015				4,500,000
Shares issued for services (CEO, Dir)		$ 28	135,310	(51,397)		$ 83,941
Shares issued for services (CEO, Dir), shares		280,000
Shares issued for inducement of note payable		$ 16	66,234	93,900		160,150
Shares issued for inducement of note payable, shares		160,000
Options issued for services			816,140			816,140
Fair value of warrants issued with note payable			178,932			178,932
Imputed interest			2,536			2,536
Net income					(6,493,871)	(6,493,871)
Balance at Dec. 31, 2017		$ 1,490	$ 8,847,394	$ 93,900	$ (8,468,465)	$ 474,319
Balance, shares at Dec. 31, 2017		14,900,627

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (6,493,871)	$ (1,941,138)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation, depletion, amortization and accretion	34,232	4,114
Impairment of assets	1,507,768
Amortization of debt discount	377,080
Financing expenses on notes	71,345
Fair value of down-round feature on warrants	59,801
Note payable issued for services	120,629
Change in derivative value	169,423
Common stock and warrants issued for inducement of the note extension	141,900
Common stock and stock payable issued for services and fair value of options	1,353,581	62,960
Deferred rent	14,487
Gain on extinguishment of debt	(48,407)
Changes in assets and liabilities, excluding effects of acquisitions:
Accounts receivable	(32,671)
Prepaid expenses	34,419	122,586
Accounts payable and accrued liabilities	(1,246,683)	160,752
Accounts payable and accrued liabilities- related party	518,552
Other liabilities	110,970
Net cash used in operating activities	(3,307,445)	(1,590,726)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from restricted cash		358,129
Cash paid for acquisition of Total Belief Limited		(75,000)
Cash paid for fixed assets		(91,899)
Cash paid for acquisition of oil and gas property	(613,377)	(574,127)
Net cash used investing activities	(613,377)	(382,897)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable - related party	1,250,000
Repayments of notes payable	(1,000,000)
Proceeds from notes payable	2,300,000	400,000
Proceeds from convertible note payable	300,000
Proceeds from sales of common stock	270,000	2,000,000
Net cash provided by financing activities	3,120,000	2,400,000
Net increase in cash and cash equivalents	(800,822)	426,377
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	801,377	375,000
CASH AND CASH EQUIVALENTS, END OF PERIOD	555	801,377
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest	20,000
Cash paid for income taxes
Supplemental Disclosure of Noncash Investing and Financing Activities
Prepaid expenses paid in shares		893
Asset retirement obligation	291,659
Debt discount	793,144
Stock issued for conversion of notes payable		1,000,000
Accrued interest forgiven by related party		28,801
Accounts payable settled with restricted cash		25,000
Assets acquired in acquisition from Total Belief Limited		10,817,668
Fixed assets transferred to oil and gas properties	(335,024)
Related party payable assumed in acquisition		(10,600)
Liabilities assumed in acquisition		(613,297)
Notes payable issued for acquisition		(6,000,000)
Shares issued for acquisition		(3,812,500)
Note payable issued for services	120,629
Unpaid liabilities in acquisition of oil and gas property	2,683,785	534,764
Fair value of warrants issued with note payable	119,131
Fair value of shares issued for inducement of note payable	$ 160,150

Organization, Going Concern, an

Organization, Going Concern, and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Going Concern, and Significant Accounting Policies	Note 1 – Organization, going concern, and significant accounting policies Business Foothills Exploration, Inc., (“Company”, “Foothills Exploration”, or “Foothills”) was incorporated in the state of Delaware on May 13, 2010, under the name “Key Link Assets Corp.” for the purpose of acquiring a portfolio of heavily discounted real estate properties in the Chicago metropolitan area. The Company changed its focus and planned to acquire small and medium sized grocery stores in non-urban locales that are not directly served by large national supermarket chains. On May 2, 2016, Foothills Petroleum Inc., a Nevada corporation (“FPI”), acquired over 14.1 million pre-split (56.4 million post-split) shares of the Company’s common stock constituting approximately 96% of our then issued and outstanding shares (“FPI Acquired Shares”). As of May 16, 2016, we effected a 4:1 forward split of our shares of common stock. On May 27, 2016, the Company entered into a Share Exchange Agreement with shareholders of FPI. See Note 2 – Share Exchange Agreement. Prior to the Share Exchange, the Company had minimal assets and recognized no revenues from operations and was accordingly classified as a shell company. In light of closing the Share Exchange transaction with the shareholders of FPI, the Company became actively engaged in oil and gas operations and is no longer a shell company. The consolidated balance sheets include the accounts of the Company, and its wholly-owned direct and indirect subsidiaries, Foothills Exploration, Inc. (“FTXP”), Foothills Petroleum, Inc. (“FPI”), Foothills Exploration, LLC (“FEL”), Foothills Petroleum Operating, Inc. (“FPOI”), Foothills Exploration Operating, Inc. (“FEOI”), Tiger Energy Partners International, LLC (“TEPI”), Tiger Energy Operating, LLC (“TEO”), and Tiger Energy Mineral Leasing, LLC (“TEML”). The Company’s oil and gas operations are conducted by its wholly owned indirect subsidiaries. FEL is a qualified oil and gas operator in the states of Wyoming and Colorado, and TEO is a qualified oil and gas operator in the state of Utah. The Company’s operating entities have historically employed, and will continue in the future to employ, on an as-needed basis, the services of drilling contractors, other drilling related vendors, field service companies and professional petroleum engineers, geologists, and landmen as required in connection with future drilling and production operations. Going Concern The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The Company has incurred recurring losses from inception through December 31, 2017, has a working capital deficit at December 31, 2017, of $13,024,813, and has limited sources of revenue. These conditions have raised substantial doubt as to the Company’s ability to continue as a going concern for one year from the issuance of the financial statements. These financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. To address these matters, the Company is actively meeting with investors for possible equity investments, including business combinations; investigating other possible sources to refinance our existing debt; and in continuing discussions with various individuals and groups that could be willing to provide capital to fund operations and growth of the Company. Significant Accounting Policies Principles of Consolidation The financial statements include the accounts of Foothills Exploration, Inc., and all of its direct and indirect wholly-owned subsidiaries including Foothill Petroleum, Inc., Foothills Petroleum Operating, Inc., Foothills Exploration Operating, Inc., Foothills Exploration LLC, Tiger Energy Partners International, LLC, Tiger Energy Operating, LLC and Tiger Energy Mineral Leasing, LLC. Intercompany balances and transactions have been eliminated in consolidation. Basis of Presentation and Functional Currency These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America and are expressed in United States dollars (USD). Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date(s) of the financial statements and the reported amounts of revenues and expenses during the reporting period(s). Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Significant estimates include those related to assumptions used in impairment testing of long term assets, accruals for potential liabilities and valuing equity instruments issued for services. Actual results could differ from those estimates. Reclassifications Certain reclassifications have been made to amounts in prior year to conform to the current year presentation. All reclassifications have been applied consistently to the periods presented and had no effects on previously reported results of operations. Cash and Cash Equivalents Cash and cash equivalents include all highly liquid debt instruments with maturity of three months or less. Restricted Cash Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements are recorded in restricted cash in the non-current assets section of our consolidated balance sheet. At each of the years ended December 31, 2017 and 2016, the Company had restricted cash of $240,000. This amount is being held in escrow for the benefit of the State of Utah for certain properties located in Utah, covered under a certain Modification to Stipulated Order between the Utah Division of Oil, Gas and Mining and TEPI dated August 1, 2014 (Case No. SI/TA-102). These funds held in escrow, will be released to the Company once the Company finishes its reclamation of the various wells in question. Accounts receivable and allowance for doubtful accounts Accounts receivable are stated at the historical carrying amount net of an allowance for uncollectible accounts. The carrying amount of the Company’s accounts receivable approximates fair value because of the short-term nature of the instruments. Trade accounts receivable comprise receivables from joint interest owners which are recorded when the Company incurs expenses on behalf of the non-operator interest owners of the properties the Company operates. The Company’s oil and gas revenues receivable comprise receivables from purchasers of the Company’s production of oil and gas and other hydrocarbons and from operators of properties in which the Company has a non-operated interest, as well as from joint interest owners of properties the Company operates. During the year ended December 31, 2017, the company accrued $31,924 of net revenue receivable from EOG Resources, the operator of two wells in which the Company has a working interest, which the Company has been informed that EOG will apply to unpaid invoices of the Company’s share of costs to drill two wells until EOG has recovered those costs. During the year ended December 31, 2017, those costs were $1,501,377. See Note 4 – Property and Equipment. The Company’s reported balance of accounts receivable, net of allowance for doubtful accounts, represents management’s estimate of the amount that ultimately will be realized in cash or used in the future to offset an operator’s joint interest billings. The Company reviews the adequacy of the allowance for doubtful accounts on an ongoing basis, using historical payment trends, the age of the receivables and knowledge of the individual customers or joint interest owners. When the analysis indicates, management increases or decreases the allowance accordingly. However, if the financial condition of our customers were to deteriorate, additional allowances might be required. Oil and Gas Properties The Company follows the full cost method of accounting for its investments in oil and gas properties. Under the full cost method, all costs associated with the exploration of properties are capitalized into appropriate cost centers within the full cost pool. Internal costs that are capitalized are limited to those costs that can be directly identified with acquisition, exploration, and development activities undertaken and do not include any costs related to production, general corporate overhead, or similar activities. Cost centers are established on a country-by-country basis. Capitalized costs within the cost centers are amortized on the unit-of-production basis using proved oil and gas reserves. The cost of investments in unevaluated properties and major development projects are excluded from capitalized costs to be amortized until it is determined whether or not proved reserves can be assigned to the properties. Until such a determination is made, the properties are assessed annually to ascertain whether impairment has occurred. The costs of drilling exploratory dry holes are included in the amortization base immediately upon determination that the well is dry. For each cost center, capitalized costs are subject to an annual ceiling test, in which the costs shall not exceed the cost center ceiling. The cost center ceiling is equal to: (i) the present value of estimated future net revenues computed by applying current prices of oil and gas reserves (with consideration of price changes only to the extent provided by contractual arrangements) to estimated future production of proved oil and gas reserves as of the date of the latest balance sheet presented, less estimated future expenditures (based on current costs) to be incurred in developing and producing the proved reserves computed using a discount factor of ten percent and assuming continuation of existing economic conditions; plus (ii) the cost of properties not being amortized; plus (iii) the lower of cost or estimated fair value of unproved properties included in the costs being amortized; and less (iv) income tax effects related to differences between the book and tax basis of the properties. If unamortized costs capitalized within a cost center, less related deferred income taxes, exceed the cost center ceiling, the excess is charged to expense and separately disclosed during the period in which the excess occurs. Support Facilities and Equipment Our support facilities and equipment are generally located in proximity to certain of our principal fields. Depreciation of these support facilities is calculated on a units-of-production basis. Maintenance and repair costs that do not extend the useful lives of property and equipment are charged to expense as incurred. Proved Reserves Estimates of the Company’s proved reserves included in this report are prepared in accordance with US GAAP and guidelines from the United States Securities and Exchange Commission (“SEC”). The Company’s engineering estimates of proved oil and natural gas reserves directly impact financial accounting estimates, including depreciation, depletion, and amortization expense and impairment. Proved oil and natural gas reserves are the estimated quantities of oil and natural gas reserves that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under period-end economic and operating conditions. The process of estimating quantities of proved reserves is very complex, requiring significant subjective decisions in the evaluation of all geological, engineering and economic data for each reservoir. The accuracy of a reserves estimate is a function of: (i) the quality and quantity of available data; (ii) the interpretation of that data; (iii) the accuracy of various mandated economic assumptions, and (iv) the judgment of the persons preparing the estimate. The data for a given reservoir may change substantially over time as a result of numerous factors, including additional development activity, evolving production history and continual reassessment of the viability of production under varying economic conditions. Changes in oil and natural gas prices, operating costs, and expected performance from a given reservoir also will result in revisions to the amount of the Company’s estimated proved reserves. The Company engages independent reserve engineers to estimate its proved reserves. Fixed Assets The Company capitalizes expenditures related to property and equipment not directly associated with our production of oil and gas, subject to a minimum rule, that have a useful life greater than one year for: (1) assets purchased; (2) existing assets that are replaced, improved or the useful lives have been extended; or (3) all land, regardless of cost, acquisitions of new assets, additions, replacements and improvements (other than land) costing less than the minimum rule in addition to maintenance and repair costs, including any planned major maintenance activities, are expensed as incurred. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Office equipment – 3 years Vehicle(s) – 5 years Land – not depreciated Asset Retirement Obligations The Company follows the provisions of the Accounting Standards Codification ASC 410 - Asset Retirement and Environmental Obligations. The fair value of an asset retirement obligation is recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. The present value of the estimated asset retirement costs is capitalized as part of the carrying amount of the long-lived asset. The Company’s asset retirement obligations relate to the abandonment of oil and gas producing facilities and facilities that support the production of oil and gas. The amounts recognized are based upon numerous estimates and assumptions, including future retirement costs, future inflation rates and the credit-adjusted risk-free interest rate. After recording these amounts, the ARO will be accreted to its future estimated value using the same assumed cost of funds, and the capitalized costs are depreciated on a unit-of-production basis. Both the accretion and the depreciation will be included in depreciation, depletion and amortization expense on our consolidated statements of operations. Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash and equivalents, restricted cash, accounts receivable, accounts payable, accrued liabilities and short-term debt, the carrying amounts approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: ● Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. The Company considers active markets as those in which transactions for the assets or liabilities occur in sufficient frequency and volume to provide pricing information on an ongoing basis ● Level 2: Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability. This category includes those derivative instruments that the Company values using observable market data. Substantially all of these inputs are observable in the marketplace throughout the term of the derivative instruments, can be derived from observable data, or supported by observable levels at which transactions are executed in the marketplace. ● Level 3: Measured based on prices or valuation models that require inputs that are both significant to the fair value measurement and less observable from objective sources (i.e. supported by little or no market activity). Level 3 instruments include derivative warrant instruments. The Company does not have sufficient corroborating evidence to support classifying these assets and liabilities as Level 1 or Level 2. The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” and ASC 815. The carrying amounts of the Company’s financial assets and liabilities, including cash, prepaid expenses, accounts payable, accrued expenses, and other current liabilities, approximate their fair values because of the short maturity of these instruments. The fair value of notes payable and convertible notes approximates their fair values since the current interest rates and terms on these obligations are the same as prevailing market rates. Certain of the Company’s debt and equity instruments include embedded derivatives that require bifurcation from the host contract under the provisions of ASC 815-40, Derivatives and Hedging. The estimated fair value of the derivative warrant instruments was calculated using a Black Scholes valuation model. The following table sets forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2017 and 2016: Fair Value Measurement at Carrying Value December 31, 2017 Level 1 Level 2 Level 3 Derivative assets, debt and equity instruments $ — $ — $ — $ — Derivative liabilities, debt and equity instruments 458,387 — — 458,387 Fair Value Measurement at Carrying Value December 31, 2016 Level 1 Level 2 Level 3 Derivative assets, debt and equity instruments $ — $ — $ — $ — Derivative liabilities, debt and equity instruments — — — — The Company did not identify any other assets and liabilities that are required to be presented on the consolidated balance sheet at fair value. Revenue Recognition The Company recognizes revenue in accordance with the requirements of ASC 605-10-599, which directs that it should recognize revenue when (1) persuasive evidence of an arrangement exists (contracts); (2) delivery has occurred; (3) the seller’s price is fixed or determinable (per the customer’s contract); and (4) collectability is reasonably assured (based upon our credit policy). All of our revenue is attributable to sales of oil, gas, and other hydrocarbons which are sold daily, with sales aggregated on a monthly basis. In the case of revenue received for a non-operated working interest, we are paid by the operator, which is a joint interest partner and not the purchaser of the product. In the case of revenue received for an operated working interest, we are paid by the marketer to whom we sell the commodities directly pursuant to contractual arrangements. Debt Issuance Costs, Debt Discount and Detachable Debt-Related Warrants Costs incurred to issue debt are deferred and recorded as a reduction to the debt balance in our consolidated balance sheets. We amortize debt issuance costs over the expected term of the related debt using the effective interest method. Debt discounts relate to the relative fair value of warrants issued in conjunction with the debt and are also recorded as a reduction to the debt balance and accreted over the expected term of the debt to interest expense using the effective interest method. Net Earnings (Loss) Per Common Share The Company computes earnings per share under ASC 260-10, “Earnings Per Share.” The Company’s earnings (loss) per share are computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share reflects the potential dilution of securities, if any, that could share in the earnings (loss) of the Company and are calculated by dividing net income by the diluted weighted average number of common shares. The diluted weighted average number of common shares is computed using the treasury stock method for common stock that may be issued for outstanding stock options, warrants, and convertible debt. December 31, 2017 2016 Numerator: Net income (loss) available to stockholders $ (6,493,871 ) $ (1,941,138 ) Basic net income allocable to participating securities (1) — — Income (loss) available to Foothills Exploration, Inc.’s stockholders $ (6,493,871 ) $ (1,941,138 ) Denominator: Weighted average number of common shares outstanding-Basic 14,418,719 8,422,180 Effect of dilutive securities: Options and warrants (2) — — Stock payable (3) 205,000 200,000 Weighted average number of common shares outstanding-Diluted 14,623,719 8,622,180 Net income (loss) per share: Basic $ (0.45 ) $ (0.23 ) Diluted $ (0.44 ) $ (0.23 ) (1) Restricted share awards that contain non-forfeitable rights to dividends are participating securities and, therefore, are included in computing earnings using the two-class method. Participating securities, however, do not participate in undistributed net losses. (2) For the year ended December 31, 2017, “out of the money” stock options representing 2,050,000 shares and warrants representing 2,683,515 shares were antidilutive and, therefore, excluded from the diluted share calculation. For the year ended December 31, 2016, “out of the money” stock options representing 450,000 shares and warrants representing 1,025,000 shares were antidilutive and, therefore, excluded from the diluted share calculation. (3) For the year ended December 31, 2017, stock payable representing 205,000 shares were anti-dilutive. For the year ended December 31, 2016, stock payable representing 200,000 shares were anti-dilutive. Income Taxes The Company accounts for income taxes using the asset and liability method whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Stock-Based Compensation All share-based payments, including grants of stock to employees, directors and consultants, are recognized in the consolidated financial statements based upon their estimated fair values. The Company accounts for stock, stock options, and stock warrants issued for services and compensation by employees under the fair value method. For non-employees, the fair market value of the Company’s stock is measured on the date of stock issuance or the date an option/warrant is granted as appropriate under ASC 718 “Compensation – Stock Compensation”. The Company determined the fair market value of the warrants/options issued under the Black-Scholes Pricing Model. Under the provisions ASC 718, share-based compensation cost is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the employee’s requisite service period (generally the vesting period of the equity grant). The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows ASC Topic 505. As such, the value of the applicable stock-based compensation is periodically re-measured and income or expense is recognized during their vesting terms. The measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is primarily recognized over the term of the consulting agreement. In accordance with FASB guidance, an asset acquired in exchange for the issuance of fully vested, non-forfeitable equity instruments should not be presented or classified as an offset to equity on the grantor’s balance sheet once the equity instrument is granted for accounting purposes. Recent Accounting Pronouncements In November 2015, the FASB issued Accounting Standards Update No. 2015-17, Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Improvements to Employee Share-Based Payment Accounting In January 2017, the FASB issued Accounting Standards Update No. 2017-01, Clarifying the Definition of a Business In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Simplifying the Test for Goodwill Impairment In July 2017, the FASB issued Accounting Standards Update No. 2017-11, Accounting for Certain Financial Instruments with Down Round Features Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

Share Exchange Agreement

Share Exchange Agreement	12 Months Ended
	Dec. 31, 2017
ProvedDevelopedAndUndevelopedReserveProductionEnergyProvedUndeveloped
Share Exchange Agreement	Note 2 – Share Exchange Agreement During the year ended December 31, 2016, (the “Company”): (1) acquired over 14.1 million pre-split (56.4 million post-split) shares of Key Link’s common stock from five persons constituting approximately 96% of our issued and outstanding shares (the “FPI Acquired Shares”). In conjunction with this purchase we incurred a charge of $316,035 for the purchase of these shares. (2) effected a 4:1 forward split of our shares of common stock. (3) entered into a Share Exchange Agreement (“Share Exchange Agreement”) with the shareholders of FPI, whereby the Company acquired all of the outstanding shares of FPI for an aggregate of 6,003,759 shares of common stock of which 4,500,000 shares of common stock were issued to Wilshire Energy Partners, LLC, (“Wilshire”) and 1,503,759 of shares of common stock were issuable to Alternus Capital Holdings Ltd., a British Virgin Islands company (“Alternus”) (the “Share Exchange”) for automatic conversion of debt. As a result of the Share Exchange, FPI became the Company’s wholly owned subsidiary and the FPI Acquired Shares were subsequently returned to treasury, deemed canceled and no longer outstanding. (4) exchanged warrants to purchase 700,000 shares of FPI’s common stock that were issued to Wilshire for a like amount of warrants to purchase shares of Key Link’s common stock (the “Wilshire Warrants”). The Wilshire Warrants which: ● have a term of five years; ● are exercisable at $1.25 per share as to 100,000 shares; ● are exercisable at $2.00 per share as to 200,000 shares; ● are exercisable at $3.00 per share as to 400,000 shares; ● do not have a cashless exercise feature; and ● are not exercisable for one year from the date of issuance. Following the closing of the Share Exchange transaction the Company had approximately 8,363,759 shares of common stock outstanding (excluding the FPI Acquired Shares, which are deemed canceled following the Share Exchange), of which Wilshire and Alternus own in the aggregate 6,003,759 shares, or approximately 52% of the outstanding common stock.

Acquisition

Acquisition	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Acquisition	Note 3 – Acquisition On December 30, 2016, the Company entered into a Purchase and Sale Agreement (“PSA”) with Total Belief Limited (“TBL”), a British Virgin Islands limited liability company. Under the PSA, the Company purchased membership interests in the companies listed below, constituting all of the ownership interest and claims that TBL has or may have in these companies, as defined below. Based on the closing of its agreement with TBL, the Company acquired: ● Clear Elite Holdings Limited (“CEH”), a British Virgin Islands limited liability company, which is the owner of 100% of the membership interests of Golden Giants Limited, a British Virgin Islands limited liability company (“GGL”), which owns: ○ 100% of the membership interests of NTE-Utah, LLC, a Delaware limited liability company (“NTE-Utah”), which in turn owns 100% of the membership interests of Tiger Energy Operating, LLC (“TEO”), a Nevada limited liability company, which in turn owns 100% of the membership interests of Tiger Energy Mineral Leasing, LLC (“TEML”), a Nevada limited liability company, with owned oil and gas leases, wells, related oil and gas bonds, and oil and gas lease rights and options, found in approximately 280 acres in Uintah County, Utah, and cash assets held by the entities; and ○ 750 units of membership interests (representing 75% total equity ownership) of Tiger Energy Partners International, LLC (“TEPI”), a Nevada limited liability company with owned assets including: ● All rights and interests pertaining to the Global Settlement Agreement (“GSA”) for the Uintah and Ouray Reservation between Mountain Oil & Gas, Inc. and certain entities affiliated with it and the Ute Indian Tribe of the Uintah and Ouray Reservation, dated December 22, 2014; ● All rights and interests acquired in the Purchase and Sale Agreements between TEPI and Mountain Oil & Gas, Inc. dated April 16, 2012, and December 18, 2012 ● All cash held in an attorney trust account earmarked for payments to certain vendors and other creditors; ● $240,000 cash held in escrow for State of Utah Department of Natural Resources Division of Oil, Gas and Mining (DOGM); and ● Cash balances in all company bank accounts ● Prominent Sino Holdings Limited (“PSH”) and Value Train Investments Limited (“VTI”), each a British Virgin Islands limited liability company, and each a direct wholly-owned subsidiary of TBL, and that together own 55.63% of the shares of Grey Hawk Exploration, Inc. (“Grey Hawk”), a British Columbia, Canada company, constituting ownership of 13,166,667 Grey Hawk common shares. Grey Hawk owns a non-operated working interest in two non-producing wells in the southern portion of the Natural Buttes Field. Pursuant to the PSA the parties agreed to determine and pay the purchase price of $10.75 million for these assets and ownership interests as follows: ● A cash payment of $75,000 in connection with closing; ● Additional cash payment of $675,000 payable within 10 business days following execution of the agreement; ● 2,083,334 shares of restricted common stock of the Company valued for accounting purposes at $3,812,500, or at price per share of $1.83 (valued by the parties at $4,000,000 at an agreed upon price per share of $1.92); and ● A promissory note delivered at closing in the principal amount of $6,000,000 that: ○ has a term of 18 months from the Closing Date; ○ accrues no interest during its term; and ○ requires the entire principal amount to be due and payable upon maturity. The acquisition price was allocated to the assets acquired and liabilities assumed based upon their estimated fair values. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition. Assets Cash $ 358,130 Cash in escrow 240,000 Oil and gas properties 10,016,990 Drilling equipment 265,578 Investment 100 Bond deposits 295,000 Liabilities Accounts payable (389,325 ) Contingent liabilities (213,372 ) Related party payable (10,600 ) Net assets acquired 10,562,501 TBL had no operating activities during the year ended December 31, 2016; hence no pro forma information is included for this acquisition. Concurrently with the foregoing, the Company also acquired the remaining 25% membership interests in TEPI from Green Stone Capital Partners Limited, a Cayman Islands limited liability company, in exchange for assumption of Greenstone’s proportionate share of TEPI obligations and liabilities. Kevin Sylla, who beneficially owns approximately 53% of Wilshire Energy Partners, LLC, a principal stockholder of the Company, and who has served as Managing Director of TEPI and of TEO introduced the Company to TBL. Subsequently, Mr. Sylla was appointed director and Chief Executive Officer of FPI effective March 1, 2017.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 4 – Property and Equipment Oil and Gas Properties The Company’s oil and gas properties at December 31, 2017 and 2016 are located in the United States of America. The carrying values of the Company’s oil and gas properties, net of depletion, depreciation, amortization, and impairment at December 31, 2017 and 2016 are set forth below in the following table: December 31, 2017 2016 Unproved leasehold (1) $ 977,936 $ 1,181,421 Proved leasehold 10,094,760 10,252,568 Properties subject to depletion, net of depletion 580,158 — Exploratory wells – construction-in-progress (1) (2) 1,479,282 — Total $ 13,132,136 $ 11,433,989 (1) Not subject to depletion; (2) Expected to be reclassified from exploratory to properties subject to amortization in the first quarter of 2018. Exploration and Depreciation, Depletion, Amortization, Year Acquisition Development Disposition and Incurred Costs Costs of Assets Impairment Total 2016 and prior $ 10,252,568 $ 1,181,421 $ — $ — $ 11,433,989 2017 — 3,223,931 — (1,525,784 ) 1,698,147 Total $ 10,252,568 $ 4,405,352 $ — $ (1,525,784 ) $ 13,132,136 During the year ended December 31, 2017, the Company engaged in the following activities associated with its oil and gas properties: ● Acquired a 21.6% non-operated working interest in two exploratory horizontal gas wells in the Uinta Basin from an undisclosed party . Both wells are operated by EOG. We expect total cost of both wells will be $3.2 million. ● Drilled a test well on the Labokay prospect to the total measured depth of 8,795 feet, where hydrocarbons shows were not in commercial quantities to warrant completion. This well was plugged and abandoned. Since the well was not commercially viable the Company’s working interest in the underlying mineral lease terminated and we no longer have a right to acquire title to said property. We incurred $1,507,768 in the drilling of this well which was charged to impairment expense. Civil lawsuits were filed against FPOI arising from unpaid accounts in connection with drilling of this well – see Note 11 – Commitments and contingencies for additional information on the lawsuits. ● Successfully worked over two Duck Creek wells obtaining production from the Green River formation. We incurred $70,937 in capitalized workover costs associated with these wells. ● Incurred costs of $22,691 for bonding, legal, title, engineering, geological and surveying in our Ladysmith project in Fremont County, Wyoming. During the year ended December 31, 2016, the Company engaged in the following activities associated with its oil and gas properties: ● Completed drilling of the Federal #1 test well in the Paw Paw project in Big Horn County, Wyoming. The test well reached total depth in the Madison Formation and the Company successfully logged and acquired valid data to further evaluate the project’s potential. Oil shows were found in the Muddy, Phosphoria, and Madison formations. The Phosphoria is a regionally productive formation and could end up being the secondary zone in sidetrack operations should that type of operation be deemed commercially economic. We incurred costs of approximately $730,000 in this project. ● Acquired various proved oil and gas assets in Utah from Total Belief Limited, a wholly owned subsidiary of New Times Energy Corporation Limited. These assets included certain oil and gas wells throughout the Uinta Basin in Utah on acreage with over 30 proved undeveloped drilling locations, additional non-operating interest in other leases, and access to approximately 6,000 acres in the Uinta Basin with proven and probable reserves and existing infrastructure in place. Through the acquisition, the Company also obtained six shut-in wells in the Natural Buttes Field, Utah. The transaction provided the Company with the rights to an agreement to acquire up to 6,000 acres and up to 16 shut-in oil and gas wells with proved and proved undeveloped reserves on Tribal lands in the Uinta Basin. This acquisition delivered to the Company an additional 40% working interest in the Ladysmith Prospect covering 3,060 acres in the Greater Green River Basin, Wyoming, bringing the Company’s total working interest in the prospect from a pre-acquisition 35% up to 75%. We incurred $10,562,501 in acquiring these assets. ● Incurred costs of $55,848 for to acquire additional leases and working interest and for bonding, legal, title, engineering, geological and surveying in our Ladysmith project in Fremont County, Wyoming. Support Facilities and Equipment The Company’s support facilities and equipment serve its oil and gas production activities. The following table summarizes these properties and equipment, together with their estimated useful lives: December 31, 2017 2016 Tank $ 30,000 $ 30,000 Vehicle 69,446 69,446 Accumulated depreciation (31 ) — Construction in progress (1) 22,087 — Total support facilities and equipment, net $ 121,502 $ 99,446 (1) Facilities constructed in conjunction with drilling for our two exploratory horizontal wells in Uintah County, Utah. The Company recognized depreciation expense of $31 and $0 during the years ended December 31, 2017 and 2016, respectively. Office Furniture, Equipment, and Other As of December 31, 2017, and 2016, office furniture, equipment, and other consisted of the following: December 31, 2017 2016 Computer equipment and fixtures $ 22,453 $ 22,453 Vehicle — — Accumulated depreciation (8,632 ) (4,114 ) Office furniture, equipment, and other, net $ 13,821 $ 18,339 During the year ended December 31, 2017, the vehicle was reclassified to Support Facilities and Equipment, as it is used in oil and gas field operations of the Company. During the years ended December 31, 2017 and 2016, depreciation expense was $8,632 and $4,114, respectively.

Asset Retirement Obligation

Asset Retirement Obligation	12 Months Ended
	Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	Note 5 – Asset Retirement Obligation The following table provides a reconciliation of the changes in the estimated present value of asset retirement obligations for the years ended December 31, 2017 and 2016. For the Year Ended December 31, 2017 2016 Beginning asset retirement obligations $ — $ — Liabilities established 291,659 — Accretion expense 11,668 — Ending asset retirement obligations $ 303,327 $ — Accretion expense for the year ended December 31, 2017 and 2016 was $11,668 and $0, respectively.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Notes Payable	Note 6 – Notes Payable A summary of the outstanding amounts of our Notes payable as of December 31, 2017 and 2016 is as follows: December 31, 2017 2016 9% unsecured note payable due May 6, 2017 (1) $ - $ - 13.5% unsecured note payable due September 8, 2017 (2) 1,050,000 - 0% unsecured note payable due June 30, 2018 (3) 6,000,000 6,000,000 Less: unamortized discount of imputed interest of 4% (3) (114,268 ) - 0% unsecured note payable due January 2, 2018 (4) 250,000 - Less: unamortized discount of imputed interest of 4% (4) (2,264 ) - 12% unsecured note payable June 30, 2018 (5) 120,629 - Total debt 7,304,097 6,000,000 Less: current maturities 7,304,097 - Long-term debt, net of current maturities - 6,000,000 At December 31, 2017, the principal amounts due under our debt agreements were all classified as current on our Consolidated Balance Sheets. (1) On December 30, 2016, effective January 5, 2017, Foothills borrowed $1,000,000 from Full Wealth Investment Hong Kong Limited, a limited liability company organized under the laws of Hong Kong. The Company used net proceeds of this loan to satisfy certain obligations under a Purchase and Sale Agreement with Total Belief Limited, dated December 30, 2016, for general working capital and to support certain target drilling activities. On May 18, 2017, Full Wealth Investment Hong Kong Limited sold this note to Gold Class Limited, with accrued interest increased from 9% to 13.5% per annum for the life of the debenture. On June 1, 2017, Full Wealth Investment Hong Kong Limited acquired this note from Gold Class with a 60-day term and 10% interest per annum for the life of the debenture. On August 14, 2017, we repaid $1,000,000 in principal and $20,000 in accrued interest and reclassified the remaining accrued interest of $30,000 as a gain on extinguishment of debt. (2) Effective August 9, 2017, Foothills borrowed $1,050,000 from Profit Well Limited, a Hong Kong limited liability company. The Company executed a Bridge Note with an annual percentage interest rate of 13.5% and a maturity date of September 8, 2017. Proceeds of this Bridge Note were primarily used to repay Full Wealth for the debenture dated June 1, 2017. On November 3, 2017, Profit Well Limited agreed to defer repayment of this note to a later date and acknowledged that the Company is not in default regarding this Debenture. Profit Well Limited also reaffirmed its belief that the Company will either extend or repay the obligation to the satisfaction of Profit Well. As partial consideration for the deferment, the Company agreed to issue Profit Well Limited 100,000 shares of its restricted common stock, valued at $48,000. The issuance of the shares in exchange for the maturity extension was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments” (“ASC 470-50”). (3) On December 30, 2016, in connection with the TBL acquisition (see Note 3 - Acquisitions), Foothills entered into a promissory note in the amount of $6,000,000. This note bears no interest during its term. The Company calculated and recorded $342,804 of imputed interest as debt discount. (4) On September 29, 2017, the Company issued to an unaffiliated investor a promissory note and three tranches of warrants for an aggregate consideration of $250,000. The Note recites that it accrues no interest if paid when due and is due and payable on January 2, 2018. If principal is not paid on or before maturity, interest will accrue at the rate of 15% per year until paid. On November 6, 2017, the Company agreed to compensate the investor 75,000 shares of the Company’s restricted common stock in connection with a more favorable term of a note entered with FirstFire Opportunity Fund, LLC. On December 30, 2017, the Company and the investor agreed to extend the maturity date of this Note to January 23, 2018, in return for a payment at maturity of the principal, accrued interest as provided in the Note, plus 30,000 shares of the Company’s restricted common stock. Because the fair value of the shares was greater than 10% of the present value of the remaining cash flows under the Note, the issuance of the shares in connection with a more favorable term of a note entered with FirstFire Opportunity Fund, LLC. was treated as a debt extinguishment and reissuance of a new debt instrument pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments” (“ASC 470-50”). Since January 23, 2018, the Company and the investor have been in ongoing discussions to extend the term of this Note. On March 28, 2018, the investor acknowledged that the Company is not in default ● 375,000 warrants to purchase 375,000 shares of common stock of the Company at a strike price of $0.665 per share expiring on September 29, 2019; ● 375,000 warrants to purchase 375,000 shares of common stock of the Company at a strike price of $1.25 per share expiring on September 29, 2020; and ● 185,000 warrants to purchase 185,000 shares of common stock of the Company at a strike price of $2.00 per share expiring on September 29, 2020. The aggregate relative fair value of three tranches of warrants was determined to be $105,000 on September 29, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 94%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 2-3 years. $2,536 imputed interest was recorded as debt discount. $2,536 was determined using the present value method based on the following assumptions: (i) adjusted interest rate 4% (ii) expected life of 0.26 year. The aggregate value of the warrants and imputed interest of $107,536 was considered as debt discount upon issuance and will be amortized as interest over the term of the Note or in full upon the conversion of the Note. During the year ended December 31, 2017, the Company amortized $105,272 of such discount to interest expense, and the unamortized discount as of December 31, 2017 was $2,264. At December 31, 2017, $250,000 of principal was outstanding under the Note. Each tranche of warrants is subject to down round adjustment provisions if the Company during the term of that tranche issues additional securities for consideration per share, after giving effect to fees, commission and expenses, that is less, or which on conversion or exercise of the underlying security is less, than $0.665 per share (as adjusted for any change resulting from forward or reverse splits, stock dividends and similar events). To satisfy most favored nation provisions in previously entered securities purchase agreements that are triggered by the transaction described above, Company issued 136,015 shares of common stock and warrants to purchase 136,015 shares of common stock, in the aggregate, to certain investors who purchased units from the Company, at a $1.00 per unit, with each unit consisting of one share and one warrant. See the Company’s Current Report on the Form 8-K filed with the SEC on June 5, 2017. Of this amount, 100,752 shares and warrants to purchase 100,752 shares of common stock will be issued to Wilshire Energy Partners LLC, an entity controlled by Kevin J. Sylla. The exercise price of these investor warrants was adjusted to $0.665 per share. We measured the value of the effect of the down round feature as the difference between the fair value of the financial instrument at an original exercise price of $1.50 and an adjusted exercise price of $0.665 and, as a result, $59,801 was recorded as down round feature as interest expense under ASC 260-10-30-1. Foothills determined the amount of $59,801 using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 94%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 3 years. (5) A promissory note was issued on November 1, 2017, for services rendered, bearing an interest rate of 12% per annum and with a maturity date of June 30, 2018. During the years ended December 31, 2017 and 2016, respectively, we incurred $442,389 and $27,873 of interest expense, including amortization of discount and recognized a gain on extinguishment of debt of $30,000 and $0, respectively.

Notes Payable - Related Party

Notes Payable - Related Party	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Notes Payable - Related Party	Note 7 – Notes Payable - Related Party December 31, 2017 2016 13.25% unsecured note payable due May 5, 2017 (1) $ 1,250,000 $ - Total debt 1,250,000 - Less: current maturities 1,250,000 - Long-term debt, net of current maturities $ - $ - (1) Effective January 5, 2017, Foothills borrowed $1,250,000 from Berwin Trading Limited that, due to its 20% beneficial ownership in the Company, is a related party. This note called for interest at 9% per annum; but because it was not paid when due interest was to have accrued at a default rate of 11% from the due date of the note. The Company used net proceeds of this loan to satisfy certain obligations under a Purchase and Sale Agreement with Total Belief Limited, dated December 30, 2016, for general working capital and to support certain target drilling activities. See Note 3 – Acquisitions. On May 4, 2017, the Company and Berwin agreed to extend the maturity date of the debenture to June 20, 2017, in return for an annual interest rate increase from 9% to 13.5% per annum for the life of the debenture. On November 3, 2017, Berwin agreed to defer repayment of this note to a later date and acknowledged that the Company is not in default regarding this Debenture. As partial consideration for the deferment, the Company issued Berwin 100,000 shares of its restricted common stock, valued at $48,000. The issuance of the shares in exchange for the maturity extension was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments” (“ASC 470-50”). During the years ended December 31, 2017 and 2016, the Company recorded interest expense of $166,438 and $0, respectively on the related party note.

Convertible Note Payable

Convertible Note Payable	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Convertible Note Payable	Note 8 – Convertible Note Payable December 31, 2017 2016 10% convertible note payable due May 10. 2018 (1) $ 50,000 $ - 8% convertible note payable due August 16, 2018 (2) 267,500 - Less: unamortized debt discount on convertible notes (1)(2) (224,228 ) - Total debt 93,272 - Less: current maturities 93,272 - Long-term debt, net of current maturities $ - $ - (1) On May 10, 2017, we entered into a convertible note agreement with an unrelated party, pursuant to which we borrowed $50,000 at an annual percentage rate of 10% with a term of 12 months, which is due on May 10, 2018. This note may, at the option of the lender, be converted at any time prior to September 7, 2017, into fully-paid, restricted and non-assessable shares of common stock of the Company at a price equal to 100% of the selling price of such common stock in a private placement to institutional and/or accredited investors initiated by the Company during thunder this convertible note until May 10, 2018. On November 7, 2017, the Company issued 50,000 warrants to purchase 50,000 shares of common stock of the Company at a strike price of $1.00 per share expiring on May 7, 2019. If the Company fails to pay the principal and accrued unpaid interest due and payable to Lender on or before the due date of the convertible note, then the Lender shall be provided the right to convert at either $0.665 per share or upon the same terms offered in FirstFire Opportunity Fund, LLC Note’s conversion options. The relative fair value of warrant was determined to be $3,381 on November 7, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 77%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.5 years. The issuance of the warrants in exchange for the maturity extension was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments” (“ASC 470-50”). (2) On November 17, 2017, the Company issued to FirstFire Opportunity Fund, LLC, an unaffiliated investor, a senior convertible promissory note in the principal amount of $267,500 and received proceeds of $250,000 before giving effect to certain transactional costs including legal fees. As part of this transaction the Company also issued (i) warrants having an 18-month term, to purchase 267,500 shares of the Company’s common stock at an exercise price of $1.00 per share and (ii) 60,000 shares of the Company’s restricted common stock. This note accrues interest of 8% per annum and is due and payable on August 17, 2018. The Note agreements give the lender the right to convert the loan amounts due into common stock at a conversion price of the lower of (i) $0.665 per share or (ii) 50% of the lowest per share market values during the twenty (20) trading days immediately preceding a conversion date. If the lowest traded price of the Common Stock is less than the Conversion Price on the date following the Conversion Date on which the Holder actually receives from the Company, then the Conversion Price shall be deemed to have been retroactively adjusted, as of the Conversion Date, to a price equal to 75% multiplied by the lowest closing price of the Common Stock on the Free Trading Shares Receipt Date. This note is secured by a personal guaranty from the Company’s Executive Chairman, Kevin Sylla. The net proceeds of this note will be used for general corporate and working capital purposes. The aggregate relative fair value of warrant was determined to be $10,750 on November 17, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 78%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.5 year. Fair value of 60,000 shares of common stock was determined $18,250 using allocation of proceeds. The Company accounted for the conversion feature as a derivative valued at $288,964, of which $67,964 was expensed immediately to interest expense. $288,964 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 78%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.75 year. The aggregate value of the original debt discount, warrant, conversion feature and 60,000 shares of common stock of $267,500 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the Note or in full upon the conversion of the Note. As of December 31, 2017, Company accounted for the conversion feature as a derivative valued at $458,387 which was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 77%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.6 year. During the years ended December 31, 2017 and 2016, the Company incurred $49,071 and $0, respectively, of interest expense on the convertible notes and amortization of discount.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Common Stock	Note 9 – Common Stock Effective April 1, 2016, Foothills appointed two directors to its board. Each director was granted 125,000 shares of common stock (the “Foothills Directors Shares”), vesting according to the following schedule: (i) 40% vesting ninety (90) days from the appointment date; (ii) 20% vesting one hundred eighty (180) days from the appointment date; (iii) 20% vesting two hundred seventy (270) days following the appointment date; (iv) 20% vesting three hundred sixty (360) days following the appointment date. During the year ended December 31, 2017, we issued 25,000 shares of common stock to each director. As of December 31, 2017, the Company issued 125,000 shares to each director and the Company incurred compensation expense for each director of $1,250 for these share issuances. These Foothills Director Shares issued in April 2016 all vested approximately one year later pursuant to the terms and conditions of the grant. On May 2, 2016, FPI acquired 14,112,250 pre-split shares of the common stock of Key Link Assets Corp. (“Key Link” or the “Company”) from five persons constituting approximately 96% of our issued and outstanding shares (the “FPI Acquired Shares”). These shares were acquired for cash of $316,035, which was expensed in the period it was incurred. As of May 16, 2016, Foothills effected a 4:1 forward split of its shares of common stock. All references to the number of shares issued and outstanding in these financial states have been retrospectively restated for the forward split. The 14,112,250 pre-split shares were converted into 56,449,000 shares post-split and were returned to treasury for cancellation. A total of 2,360,000 shares remained outstanding held by the shareholders of the merged public company post the reverse merger acquisition. On May 2, 2016, after obtaining the FPI Acquired Shares, FPI caused the Company to appoint its two non-executive directors to the Board of the Company. These directors exchanged their rights to the FPI Directors Shares for Company shares having substantially the same terms and provisions. On May 2, 2016, the Company also granted 150,000 restricted shares of its common stock to its CEO as a part of his compensation package. The shares have the same vesting schedule as directors’ shares described above. These shares granted in May 2016 all vested approximately one year later pursuant to the terms and conditions of the grant. During the year ended December 31, 2017, we issued 30,000 shares of common stock. As of December 31, 2017, 150,000 shares were issued and the Company incurred compensation expense of $1,500 for these share issuances. On May 27, 2016, we entered into a Share Exchange Agreement with the shareholders of FPI whereby we acquired all of the outstanding shares of FPI for an aggregate of 6,003,759 shares of our common stock, of which 4,500,000 shares of our common stock were issued to Wilshire Energy Partners, LLC, (“Wilshire”) and 1,503,759 of our shares of common stock were issuable to Alternus (“Share Exchange”). As a result of the Share Exchange, FPI became our wholly owned subsidiary and the FPI Acquired Shares were returned to treasury, deemed canceled and no longer outstanding. We also exchanged warrants to purchase 700,000 shares of Foothills’ common stock, that were issued to Wilshire on May 4, 2016, for a like amount of warrants to purchase shares of the Company’s common stock (the “Wilshire Warrants”). The Wilshire Warrants: ● have a term of five years; ● are exercisable at $1.25 per share as to 100,000 shares; ● are exercisable at $2.00 per share as to 200,000 shares; ● are exercisable at $3.00 per share as to 400,000 shares; ● do not have a cashless exercise feature; and ● were not exercisable for one year. On June 30, 2016, we entered into a Securities Purchase Agreement with Berwin Trading Limited, a British Virgin Islands company (“Berwin”), pursuant to which we sold and agreed to issue 3,007,519 shares of our common stock, $0.0001 par value, at a purchase price of $0.665 per share for an aggregate amount of $2,000,000. On December 30, 2016, we issued 2,083,334 shares of common stock in connection with the TBL acquisition (see Note 3), at a purchase price of $1.83 per share for an aggregate amount of $3,812,500. On May 31, 2017, we entered into a Securities Purchase Agreement with Wilshire Energy Partners, LLC, a principal shareholder, pursuant to which we sold and agreed to issue 200,000 units at a purchase price of $1.00 per unit for an aggregate amount of $200,000. Each unit consisted of one share of the Company’s common stock and one warrant to purchase a share of the Company’s common stock, exercisable for a period of three years from the date of original issuance at an exercise price of $1.50 per share. Wilshire Energy Partners, LLC, is controlled by Kevin J. Sylla, our Executive Chairman and Chief Executive Officer of FPI. See Form 8-K filed by the Company on June 5, 2017 with the Commission and exhibit thereto. On September 29, 2017, we issued 100,752 additional shares of common stock and total warrants as amended to purchase 300,752 shares of common stock of the Company at a strike price of $0.665 per share due to down round feature triggered by warrant issued at a strike price of $0.665 per share on the day of trigger. On June 15, 2017, we entered into a Securities Purchase Agreement with an investor, pursuant to which we sold and agreed to issue 20,000 units at a purchase price of $1.00 per unit for an aggregate amount of $20,000. Each unit consisted of one share of the Company’s common stock and one warrant to purchase one additional share of the Company’s common stock, exercisable for a period of three years from the date of original issuance at an exercise price of $1.50 per share. We received the initial $10,000 on June 15, 2017, and the balance of the subscribed amount in July 2017. On September 29, 2017, we issued 10,075 additional shares of common stock and total warrants as amended to purchase 30,075 shares of common stock of the Company at a strike price of $0.665 per share due to a down round feature triggered by a warrant issued at a strike price of $0.665 per share on the day of trigger. On June 30, 2017, we entered into a Securities Purchase Agreement with a third-party investor, pursuant to which we sold and agreed to issue 25,000 units at a purchase price of $1.00 per unit for an aggregate amount of $25,000. Each unit consisted of one share of the Company’s common stock and one warrant to purchase one additional share of the Company’s common stock, exercisable for a period of three years from the date of original issuance at an exercise price of $1.50 per share. On September 29, 2017, we issued 12,594 additional shares of common stock and total warrants as amended to purchase 37,594 shares of common stock of the Company at a strike price of $0.665 per share due to a down round feature triggered by a warrant issued at a strike price of $0.665 per share on the day of trigger. On July 10, 2017, we entered into a Securities Purchase Agreement pursuant to which we sold 25,000 units at a purchase price of $1.00 per unit for an aggregate amount of $25,000. Each unit consisted of one share of the Company’s common stock and one warrant to purchase a share of the Company’s common stock, exercisable for a period of three years from the date of original issuance at an exercise price of $1.50 per share. We measured the value of the effect of the down round feature as the difference between the fair value of the financial instrument at an original exercise price of $1.50 and an adjusted exercise price of $0.665 and, as a result, $59,801 was recorded as down round feature as interest expense under ASC 260-10-30-1. Foothills determined the amount of $59,801 using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 94%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 3 years. On November 3, 2017, the Company issued 100,000 shares of common stock upon extension of the Berwin debenture, valued at $48,000. On November 3, 2017, the Company agreed to issue 100,000 shares of common stock upon extension of the Profit Well debenture. The Company recorded $48,000 in stock payable. On November 6, 2017, the Company agreed to issue 75,000 shares of common stock upon extension of a debenture entered on September 29, 2017. The Company recorded $36,000 in stock payable. On November 17, 2017, the Company issued 60,000 shares of common stock in connection with a senior convertible promissory note. These shares were valued at $18,250. On December 30, 2017, the Company agreed to issue 30,000 shares of common stock upon extension of a debenture entered on September 29, 2017. The Company recorded $9,900 in stock payable. Each of the purchasers is an accredited investor within the meaning of the federal securities laws. The Company paid no brokerage, commission or finder’s fee in connection with these transactions. These transactions were exempt from registration under Section 4(a)(2) of the Securities Act of 1933. During the year ended December 31, 2017, the Company issued 275,000 shares of common stock to various third parties for services, valued at $453,500. As of December 31, 2017, the Company had 14,900,627 shares of common stock issued and outstanding. Restricted Stock Units (RSUs) Effective August 11, 2016, and on August 15, 2016, Foothills granted one of its executive officers, Mr. R. Lanclos, 100,000 restricted stock units (RSUs) of the Company which vested as follows (i) 20,000 vested on February 15, 2017, (ii) 20,000 vested on May 15, 2017, and (iii) 60,000 vested on August 15, 2017. The Company has the right, but not the obligation to repurchase all or any portion of RSUs granted to the executive at a price of $0.665 per share if the executive’s employment with the Company is terminated for any reason within 30 months of start of employment on August 15, 2015. These RSU’s were valued at $67,000 on the grant day. As of December 31, 2017, 100,000 shares were vested and were issued to Mr. Lanclos. On August 15, 2016, Foothills also granted one of its executive officers, Mr. E. Ovalle, 100,000 restricted stock units (RSUs) of the Company which vested as follows (i) 20,000 vested on February 15, 2017, (ii) 20,000 vested on May 15, 2017, and (iii) 60,000 vested on August 15, 2017. The Company has the right, but not the obligation to repurchase all or any portion of RSUs granted to the executive at a price of $0.665 per share if executive’s employment with the Company is terminated for any reason within 30 months of start of employment on August 15, 2015. These RSU’s were valued at $67,000 on the grant day. As of December 31, 2017, 100,000 shares were vested and were issued to Mr. Ovalle. Warrants On May 27, 2016, the Company granted to Wilshire Energy Partners, LLC, warrants (“Wilshire Warrants”) to purchase (i) 100,000 common shares at a strike price of $1.25 per share, (ii) 200,000 common shares at a strike price of $2.00 per share and (iii) 400,000 common shares at a strike price of $3.00 per share. The Wilshire Warrants commence to be exercisable on the earlier of (i) 12-month anniversary of the closing of a going public transaction or (ii) June 30, 2017 and expire on June 1, 2021. On May 27, 2016, the Company granted to an unrelated party warrants to purchase (i) 125,000 common shares at a strike price of $1.25 per share, (ii) 100,000 common shares at a strike price of $2.00 per share and (iii) 100,000 common shares at a strike price of $3.00 per share. The warrants commence to be exercisable on the earlier of (i) 12-month anniversary of the closing of a going public transaction or (ii) June 30, 2017 and expire on June 1, 2021. The fair value of above warrants was determined to be $2,144 on May 27, 2016, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 120%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 5 years. On November 7, 2017, the Company issued 50,000 warrants to purchase 50,000 shares of common stock of the Company at a strike price of $1.00 per share expiring on May 7, 2019 in connection with a senior convertible promissory note in the principal amount of $50,000. If the Company fails to pay the principal and accrued unpaid interest due and payable to Lender on or before the due date of the convertible note, then the Lender shall be provided the right to convert at either $0.665 per share or upon the same terms offered in FirstFire Opportunity Fund, LLC Note’s conversion options. The relative fair value of warrant was determined to be $3,381 on November 7, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 77%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.5 years. On November 17, 2017, the Company issued an unaffiliated investor warrants to purchase 267,500 shares of the Company’s common stock at an exercise price of $1.00 per share and expires in 18 months, in connection with a senior convertible promissory note in the principal amount of $267,500. The aggregate relative fair value of warrant was determined to be $10,750 on November 17, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 78%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.5 year. The following table summarizes all stock warrant activity for the year ended December 31, 2017 and 2016: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Term Balance outstanding, December 31, 2015 - $ - - Granted 1,025,000 2.32 4.42 Exercised - - - Cancelled or expired - - - Balance outstanding, December 31, 2016 1,025,000 $ 2.32 4.42 Granted 1,658,515 1.09 2.18 Exercised - - - Cancelled or expired - - - Balance outstanding, December 31, 2017 2,683,515 $ 1.56 2.65 Exercisable, December 31, 2017 - $ - - Options On May 19, 2016, the Company granted to each of its then three directors options to purchase (i) 50,000 common shares at a strike price of $2 per share, vesting when the Company achieves and maintains a total average daily production level of 100 barrels of oil equivalent per day (“BOE/D”) for at least 30 days, (ii) 50,000 common shares at a strike price of $3 per share, vesting when the Company achieves and maintains a total average daily production level of 200 BOE/D for at least 60 days, and (iii) 50,000 common shares at a strike price of $4 per share, vesting when the Company achieves and maintains a total average daily production level of 500 BOE/D for at least 90 days. On February 27, 2017, the Company granted to Mr. Christopher Jarvis, currently an officer and director, options to purchase 400,000 common shares at a strike price of $1.99 per share, vesting quarterly over two years commencing with the first quarter following the 90-day probationary period. The fair value of 400,000 options was determined to be $616,055 on February 27, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 129%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 5 years. On February 27, 2017, the Company granted to Mr. Kevin Sylla, currently our Executive Chairman of the Board, options to purchase 1,200,000 common shares at a strike price of $1.99 per share, vesting quarterly over the term of three years. The fair value of 1,200,000 options was determined to be $1,986,902 on February 27, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 129%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 7 years. During December 31, 2017 and 2016, we recorded $816,139 and $0 option expense. As of December 31, 2017, the unamortized option expense was $1,786,818. The following table summarizes all stock option activity for the year ended December 31, 2017 and 2016: Number of Option Weighted Average Exercise Price Weighted Average Remaining Contractual Term Balance outstanding, December 31, 2015 - $ - - Granted 450,000 3.00 9.39 Exercised - - - Cancelled or expired - - - Balance outstanding, December 31, 2016 450,000 $ 3.00 9.39 Granted 1,600,000 - - Exercised - - - Cancelled or expired - - - Balance outstanding, December 31, 2017 2,050,000 $ 2.21 6.26 Exercisable, December 31, 2017 - $ - -

Other Related Party Transaction

Other Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Other Related Party Transactions	Note 10– Other Related Party Transactions Alternus Capital Holdings Limited On December 24, 2015, FPI entered into a convertible promissory note in the amount of $600,000 with Alternus. The two-year note originally matured on December 23, 2017, and accrued interest at 8% per year. By its terms the Note was automatically required to convert the outstanding principal and interest due under the terms of the Note upon a merger or other combination occurring between FPI and an entity with shares listed for trading, which occurred on May 27, 2016. The conversion price of the Note was established at $0.665 per share (the “Conversion Price”), subject to adjustment as described below. On April 5, 2016, and under substantially similar terms described herein, FPI received an additional $400,000 from Alternus. Under the agreements between Alternus and Foothills, Alternus had the right but not the obligation to subscribe for an aggregate of up to $3,500,000 of convertible notes, which, in the event of that full subscription, would convert into not less than 30% of the then outstanding shares of the “public” company. Through May 27, 2016, the date the Share Exchange, Alternus had invested $1,000,000 and based on the Conversion Price was issued 1,503,759 shares of the Company’s common stock in full satisfaction of its two notes. As a result, Alternus became a 10% beneficial owner in the Company and a related party. All accrued interest was waived and recorded as additional paid in capital. Wilshire Energy Partners, LLC On May 31, 2017, we entered into a Securities Purchase Agreement with Wilshire, pursuant to which we sold and agreed to issue 200,000 units at a purchase price of $1.00 per unit for an aggregate amount of $200,000. Each unit consisted of one share of the Company’s common stock and one warrant to purchase a share of the Company’s common stock, exercisable for a period of three years from the date of original issuance at an exercise price of $1.50 per share. Wilshire Energy Partners, LLC, is controlled by Kevin J. Sylla, our Executive Chairman and Chief Executive Officer of FPI, and has been determined to be a Related Party. See the Company’s 8-K filed June 5, 2017 with the Commission and exhibit thereto. On September 29, 2017, we issued 100,752 additional shares of common stock and amended warrants to purchase 300,752 shares of common stock of the Company at a strike price of $0.665 per share due to a down round feature triggered by a warrant issued at a strike price of $0.665 per share on the day of trigger. On December 30, 2016, the Company, entered into a purchase and sale agreement with Total Belief Limited (see Note 3 - Acquisitions). As a result of the acquisition the Company assumed a $10,600 related party payable due to Equipment Solutions, Inc., which is owned by a director of the Company, Alex Hemb. During the year ended December 31, 2017, the balance was paid.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11 – Commitments and Contingencies Contractual Obligations Operating Leases Effective May 1, 2017, the Company entered into a 39-month lease, expiring July 31, 2020, for its Denver, Colorado, corporate office at a total rental of approximately $10,051 per month. During the year ended December 31, 2017, the Company paid $47,821 for its Denver office space. On October 5, 2016, the Company launched its Exploration Division and opened a new office in Houston, Texas, to support the division’s staff, at a monthly rental amount of $2,298. On March 27, 2018, the Company closed that office. During the year ended December 31, 2017, the Company paid $6,894 for its Houston office space. The Company leases a copier at monthly rental of $135 through September 23, 2020, for its Denver, Colorado, office. During the year ended December 31, 2017, the Company paid $1,649 in rental for the copier. During 2017, the Company’s rental expense was $1,649 for all operating leases. During 2016, the Company’s rental expense was $0 for all operating leases. Information regarding all the Company’s contractual lease obligations, at December 31, 2017, is set forth in the following table. Operating Leases 2018 $ 123,668 2019 125,816 2020 74,347 2021 and thereafter — Total $ 323,831 Legal proceedings The Company has determined that judgments rendered in the first quarter of 2018 in connection with all but four of the following legal proceedings against the Company are Type 1 subsequent events that provide additional evidence with respect to conditions that existed at the date of the balance sheet. Therefore, the financial statements reflect the effects of prejudgment judgments awards to plaintiffs as through the year ended December 31, 2017, noted below in accordance with Auditing Standard 2801.03. Utah Wells SCI Welding & Oilfield Service vs. Tiger Energy Operating LLC (Case No. 169000023, 8 th This case concerns the collection of unpaid debt owed by TEO, relating to the workover of wells in Duchesne County, Utah, in the amount of $53,407. On September 29, 2017, the TEO and SCI Welding reached an agreement to settle the matter for $35,000 which TEO paid to SCI Welding. We recorded $18,407 as gain on extinguishment of debt. A Stipulated Motion to Dismiss (signed by all parties) and an Order by the Court Dismissing Case was filed on October 11, 2017. This is a final settlement of this matter with no further judicial action required. Graco Fishing & Rental Tools, Inc. vs. Tiger Energy Operating LLC (Case No. 160800005 8 th Plaintiff in this case sought collection of unpaid debt incurred by TEO for services rendered in connection with its workover of wells in Duchesne County, Utah. On June 1, 2016, a default judgment of $159,965 was obtained against TEO by Plaintiff. Graco filed a writ of execution against the A Rust 2, Dye-Hall 2-21 A1, Wilkins 1-24 A5 and Rust 3-22A-4 wells located in Duchesne County executing on properties not owned by us. A Motion to Set Aside the sheriff’s sale of these properties was filed with the court based on the fact that TEO was not the owner of these properties. A hearing for this matter was held on May 1, 2017, in Duchesne County, Utah, at which time a Company representative was present to comply with the court’s order to produce documents. Prior to the hearing, TEO made an initial settlement offer, which was eventually rejected by Graco. A writ of execution was issued to seize the property subject of litigation on March 8, 2018. Graco had scheduled certain foreclosure sales of TEO’s interests in various oil and gas wells to take place on May 3, 2018 (the “Sales”). On April 27, 2018, the parties reached a settlement and release agreement whereby TEO agreed to make five (5) payments totaling $163,964.59 to Graco. The first payment due on May 9, 2018, has already been made to the judgment holder. The second payment of $32,792.92 is due on July 9, 2018; the third payment of $32,792.92 is due on September 9, 2018; the fourth payment of $32,792,92 is due on November 9, 2018; and fifth and final payment of $32,792.92 is due on January 9, 2019. If any of the above payments are not made when due, Grace will have the right to immediately execute the Sales. Graco will maintain and apply liens and notices of its judgment until the total payment has been paid in full by TEO. TEO shall be provided with a 10-day period within which to cure any default under the settlement agreement, other than making the first payment described above. TEO made its second payment of $32,793 on July 19, 2018, within the 10-day cure period provided in the settlement agreement. Conquest Well Servicing, LLC vs. Foothills Exploration Operating, Inc. (Case No. 179800421 8 th Plaintiff filed this action on September 11, 2017, for collection of unpaid services and materials in the amount of $49,689 in connection with a workover of wells in Uintah County, Utah. A Settlement Agreement and Stipulation to Entry of Judgment was agreed to by the parties and filed with the court on October 10, 2017. Judgment in the amount of $54,937.10 including $5,248.10 in pre-judgement interest was filed on December 18, 2017. An order requesting company asset inquiry was issued on February 20, 2018. As of July 26, 2018, no further action has been taken. Peak Well Service, LLC v. Tiger Energy Operating, LLC (Case No. 2:16-CV-00957-EJF United States District Court for the District of Utah Court) Peak Well Service, LLC (“Peak”), filed mechanics and materialman’s liens against the Wilkins, Rust 2 Well, Dye Hall 2, Rust 3, and Josie 1 wells operated by TEO for unpaid accounts in connection with work on these wells. A settlement was reached between TEO and Peak pursuant to a confidential settlement agreement. Pursuant to the settlement agreement, lien releases on each of these well liens were filed on February 8, 2017. This settlement is a final resolution of this creditor claim. BIA Administrative Appeal – Tiger Energy Partners International, LLC Notice of Appeal: Dated May 8, 2013 Appellant: Tiger Energy Partners International, LLC Appellee: Superintendent Uintah and Ouray Agency Decision April 12, 2013 Concerning: Notice of Expiration of Oil and Gas Leases This Administrative appeal concerns the ownership and validity of Northern Ute (the “Tribe”) Tribal leases acquired by Tiger Energy Partners International, LLC (TEPI) in a transaction with Mountain Oil and Gas and its affiliated companies. Pursuant to the Global Settlement Agreement (GSA) negotiated between the Tribe and TEPI, the Company proposes to resolve any issues regarding the ownership of the subject leases and other lands thus acquired. The status of the appeal by TEPI remained unchanged at December 31, 2017, awaiting decision by the Regional Director of the BIA on the merits of the appeal. The decision of the Regional Director is stayed by the parties having entered into the GSA. The Tribe and Tiger remain in discussion regarding approval of the Global Settlement Agreement by the Regional Director. Labokay Well – Parish of Calcasieu, State of Louisiana R.W. Delaney Construction Company vs. Foothills Petroleum Operating, Inc. (Cause No. 2017-CV-0330 – County Court of Adams County, Mississippi) This case was filed on September 18, 2017 and concerns the collection of amounts incurred by FPOI for services performed by plaintiff in the amount of $72,495 in connection with drilling the Labokay test well in Calcasieu Parish, Louisiana. A judgment was entered on January 22, 2018, in the County Court of Adams County, Mississippi in the principal amount of $72,495.00, plus pre-judgement interest in the amount of $12,763, plus attorney’s fees in the amount of $18,124, plus costs in the amount of $196, for a total amount of $103,578, plus post-judgment interest at the rate of 8% per annum. On May 9, 2018, District Court for the City and County of Denver, Colorado, granted plaintiff with an order granting their petition to domesticate this foreign judgment with the Denver District Court, which now has the same effect and is subject to the same procedures, defenses, and proceedings for reopening, vacating, or staying as a judgment from the Denver District Court, and may be enforced or satisfied in like manner. Performance Drilling Company, LLC vs. Foothills Petroleum Operating, Inc. (Case No. 2017-3916 DIV G 14 th This case was filed on September 25, 2017, for payment of services performed by plaintiff in the amount of $205,251 for unpaid accounts in connection with its drilling of the Labokay test well. On January 16, 2018, a default judgment was entered against FPOI, in the amount of $205,251.24; together with accrued interest of $29,861 from March 18, 2017, through December 31, 2017; plus, additional interest from January 1, 2018, at the rate of one and one-half percent (1.5%) per month until paid (a per diem rate of $103.69); plus, an additional sum for reasonable attorney’s fees of $2,500, and all costs of the court proceedings. As of December 31, 2017, we recorded $29,861 of prejudgment interest expense. Monster Rentals, LLC dba Deepwell Equipment Rentals vs. Foothills Petroleum Operating, Inc. (Case No. 2017-11013 DIV E – 15 th This case was filed on October 24, 2017 and concerns the collection of amounts incurred by FPOI for services performed by plaintiff in the amount of $53,943.53 in connection with the Labokay test well in Calcasieu Parish, Louisiana. Canal Petroleum Products, Inc. vs. Foothills Petroleum Operating, Inc. (Case No. 2017-6574; DIV. C – 15 TH This case was filed on November 14, 2017 and concerns the collection of amounts incurred by FPOI for services performed by plaintiff in the amount of $35,981 for unpaid accounts in connection with its drilling of the Labokay test well. On January 25, 2018, a default judgment was entered against FPOI in the amount of $35,981 inclusive of interest as of September 6, 2017; plus, finance charges to accrue after September 6, 2017, of one and one-half percent per month (18% per annum) until paid on the unpaid principal amount of $32,956; plus, legal fees of $8,239 together with related court costs. As of December 31, 2017, we recorded $5,002 of prejudgment interest expense. Smith International, Inc. vs. Foothills Petroleum Operating, Inc. (Case No. 2017-004617; DIV. E – 14 th This case was filed on November 7, 2017 and concerns the collection of amounts incurred by FPOI for services performed by plaintiff in the amount of $30,244 in connection with its drilling of the Labokay test well. On March 23, 2018, the court issued a preliminary judgement in favor of plaintiff in the amount of $30,244, plus interest in the contractual amount of 18% per annum from the date the payment was originally due until the judgment date, plus legal interest from the judgment date until amounts are paid, plus reasonable attorneys’ fees. As of December 31, 2017, we recorded $868 of prejudgment interest expense. M-I, L.L.C. d/b/a MI-SWACO vs. Foothills Petroleum Operating, Inc. (Case No. 2017-004616; DIV. G – 14 th This case was filed on November 7, 2017 and concerns the collection of amounts incurred by FPOI for services performed by plaintiff in the amount of $51,275 in connection with the Labokay test well. On March 23, 2018, the court issued a preliminary judgment in favor of plaintiff in the amount of $51,275, plus interest in the contractual amount of 1.5% per month from the date the payment was originally due until the judgement date, plus legal interest from the judgment date until amounts are paid, plus reasonable attorney’s fees expended in the prosecution and collection of debt. As of December 31, 2017, we recorded $1,538 of prejudgment interest expense. Schlumberger Technology Corporation vs. Foothills Petroleum Operating, Inc. (Case No. 2017-004618; DIV. E – 14 th This case was filed on November 7, 2017 and concerns the collection of amounts incurred by FPOI for services performed by plaintiff in the amount of $28,904 for unpaid accounts in connection with its drilling of the Labokay test well in Calcasieu Parish, Louisiana. On March 23, 2018, the court issued a preliminary judgment in favor of plaintiff in the amount of $28,904, plus interest in the contractual amount of 1.5% per month from the date the payment was originally due until the judgment date, plus legal interest from the judgment date until amounts are paid, plus reasonable attorney’s fees expended in the prosecution and collection of debt. As of December 31, 2017, and 2016, the balance of contingent liabilities was $305,935 and $213,372, respectively. During the years ended December 31, 2017 and 2016, we recorded $145,970 and $0 in contingent liabilities

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 12 - Income Taxes On December 22, 2017, the Tax Cuts and Jobs Act (the TCJA), which significantly modified U.S. corporate income tax law, was signed into law by President Trump. The TCJA contains significant changes to corporate income taxation, including but not limited to the reduction of the corporate income tax rate from a top marginal rate of 35% to a flat rate of 21%, limitation of the tax deduction for interest expense to 30% of earnings (except for certain small businesses), limitation of the deduction for net operating losses to 80% of current year taxable income and generally eliminating net operating loss carrybacks, allowing net operating losses to carryforward without expiration, one-time taxation of offshore earnings at reduced rates regardless of whether they are repatriated, elimination of U.S. tax on foreign earnings (subject to certain important exceptions), immediate deductions for certain new investments instead of deductions for depreciation expense over time, and modifying or repealing many business deductions and credits (including changes to the orphan drug tax credit and changes to the deductibility of research and experimental expenditures that will be effective in the future). Notwithstanding the reduction in the corporate income tax rate, the overall impact of the new federal tax law is uncertain, including to what extent various states will conform to the newly enacted federal tax law. The Company has not recorded the necessary provisional adjustments in the financial statements in accordance with its current understanding of the TCJA and guidance currently available as of this filing. But is reviewing the TCJA’s potential ramifications. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets as of December 31, 2017, and 2016 are summarized below. In assessing the potential realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the Company attaining future taxable income during the periods in which those temporary differences become deductible. As of December 31, 2017, and 2016, management determined it is More likely than not that the Deferred Tax Assets will not be utilized, since a loss Company to date and no evidence of income in the past. No federal tax provision has been provided for the years ended December 31, 2017, and 2016 due to the losses incurred during such periods. Reconciled below is the difference between the income tax rate computed by applying the U.S. federal statutory & estimated State tax rate and the effective tax rate for the years ended December 31, 2017, and 2016. 2017 2016 Net operating loss carryforward $ (2,029,437 ) $ (671,362 ) Stock based compensation 40,248 3,931 Fair value of options 195,873 281 Total deferred tax assets (1,793,316 ) (667,150 ) Valuation allowance $ 1,793,316 $ 667,150 Net deferred tax asset - - 2017 2016 U.S federal statutory income tax -34.00 % -34.00 % State tax, net of federal tax benefit -5.80 % -5.80 % Stock based compensation 0.00 % 0.00 % Change in valuation allowance 39.80 % 39.80 % Effective tax rate 0.00 % 0.00 % At December 31, 2017 and 2016, the Company has available net operating loss carryforwards for federal and state income tax purposes of approximately $21,793,316 and $667,150, respectively, which, if not utilized earlier, expire through 2037. Utilization of net operating loss carryforwards may be subject to substantial annual limitations due to the “change in ownership” provisions of the Internal Revenue Code Sections 382 and 383. The annual limitation may result in the expiration of substantial net operating loss carryforwards before utilization. The Company has not calculated its IRC Section 382 and 383 change of ownership to date, within the meaning of Internal Revenue Code Section 382 and 383, which would limited the use of net operating losses or render such worthless.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	Note 13 – Subsequent Events Completion of two non-operated exploratory wells In Q2 2018, the two non-operated exploratory wells in which the Company has a 21.62% working interest and 17.1% net revenue interest were completed, and the costs shown as “construction in progress” will be reclassified to oil and gas properties subject to amortization in the second quarter of 2018. See Note 4 – Property and Equipment. Extension of Debt Maturity 13.5% unsecured note payable due September 8, 2017 On February 28, 2018, Profit Well and the Company agreed to extend the maturity date of the debenture to June 30, 2018, and as consideration for the extension, the Company agreed to compensate Profit Well with 200,000 shares of restricted common stock. In addition, the parties agreed that if payment of said principal and interest due and payable is made late, then a penalty payment of $100,000 shall become due and payable to Profit Well by the Company. The Company and Profit Well are in ongoing discussions to extend the term of this Note and the Company believes it will either extend, rework or repay the obligation to the satisfaction of Profit Well. As partial consideration for the deferral, the Company will offer Profit Well 100,000 shares of its restricted common stock. 0% unsecured note payable due January 2, 2018 Since January 23, 2018, the Company and the investor have been in ongoing discussions to extend the term of this Note. On March 28, 2018, the investor acknowledged that the Company is not in default 8% convertible note payable due August 16, 2018 In June 2018, the Company made a principal payment in the amount of $100,000. Furthermore, the Company agreed to pay the remaining balance of $229,025 on or before thirty-five (35) days from June 5 th th Extension of Debt Maturity – Related Party 13.25% unsecured note payable due May 5, 2017 On February 28, 2018, Berwin and the Company agreed to extend the maturity date of the debenture to June 30, 2018, and as consideration for the extension, the Company agreed to compensate Berwin with 250,000 shares of restricted common stock. In addition, the parties agreed that if payment of said principal and interest due and payable is made late, then a penalty payment of $125,000 shall become due and payable to Berwin by the Company. The Company and Berwin are in ongoing discussions to extend the term of this Note and the Company believes it will either extend, rework or repay the obligation to the satisfaction of Berwin. As partial consideration for the deferral, the Company will offer Berwin 100,000 shares of its restricted common stock. Contingent Liabilities – Legal Proceedings Conquest Well Servicing, LLC vs. Foothills Exploration Operating, Inc. (Case No. 179800421 8 th An order requesting company asset inquiry was issued on February 20, 2018. As of July 26, 2018, no further action has been taken.

Supplemental Oil and Gas Reserv

Supplemental Oil and Gas Reserve Information (Unaudited)	12 Months Ended
	Dec. 31, 2017
Extractive Industries [Abstract]
Supplemental Oil and Gas Reserve Information (Unaudited)	Note 14 - Supplemental Oil and Gas Reserve Information (Unaudited) The Company’s oil and gas properties and proved reserves are located in the United States. Results of operations from oil and gas producing activities The results of operations from the Company’s oil and gas producing activities for the years ended December 31, 2017 and 2016 are summarized below: December 31, 2017 2016 Net revenues from production: Sales of oil and gas production to third parties $ 155,161 $ — Production costs: Oil and gas lease operating expense (252,753 ) — Depletion, depreciation, amortization, accretion, and impairment expense (1,525,784 ) — Income tax expense — Results of operations $ (1,623,376 ) $ — Results of operations for producing activities comprise all activities associated with our exploration for and production of oil and gas. Net revenues from production include only the revenues from the production and sale of oil, natural gas, natural gas liquids, and residue gas. Production costs are those incurred to operate and maintain wells and related equipment and facilities used in oil and gas operations. Income tax expense is calculated by applying the current statutory tax rates to the revenues after deducting costs, which include depreciation, depletion, and amortization allowances, after giving effect to permanent differences. The results of operations exclude general office overhead, and interest expense attributable to oil and gas activities. Capitalized costs Capitalized costs and accumulated depletion, depreciation, and amortization relating to the Company’s oil and gas producing activities as of December 31, 2017 and 2016 are summarized below: 2017 2016 Unproved properties not being amortized $ 2,509,274 $ 1,181,421 Proved properties subject to amortization $ 10,762,380 10,352,014 Accumulated depreciation, depletion, and amortization $ (18,016 ) Net capitalized costs $ 13,253,638 $ 11,533,435 Costs incurred in oil and gas property acquisition, exploration, and development activities The following table summarizes the Company’s costs incurred in property acquisition, exploration and development activities for the year ended December 31, 2017: 2017 Proved acreage $ 18,653 Producing assets 580,158 Incomplete construction 1,501,369 Exploration costs (148,533 ) Development costs — Net capitalized costs $ 1,951,647 Estimated quantities of proved reserves The supplemental unaudited presentation of proved reserve quantities and related standardized measure of discounted future net cash flows provides estimates only and does not purport to reflect realizable values or fair market values of the Company’s reserves. The Company emphasizes that reserves estimates are inherently imprecise and that estimates of new discoveries are more imprecise than those of producing oil and gas properties. Accordingly, significant changes to these estimates can be expected as future information becomes available. All of the Company’s reserves are located in the United States. Proved reserves are those estimated reserves of crude oil (including condensate and natural gas liquids) and natural gas that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. Proved developed reserves are those expected to be recovered through existing wells, equipment, and operating methods or in which the cost of the required equipment is relatively minor compared to the cost of a new well. Proved undeveloped reserves are those reserves expected to be recovered from known accumulations where a significant expenditure is required to rend them capable of production. The standardized measure of discounted future net cash flows is computed by applying the average first day of the month price of oil and gas during the 12 month period before the end of the year (with consideration of price changes only to the extent provided by contractual arrangements) to the estimated future production of proved oil and gas reserves, less the estimated future expenditures (based on year-end costs) to be incurred in developing and producing the proved reserves, less estimated future income tax expenses (based on year-end statutory tax rates, with consideration of future tax rates already legislated) to be incurred on pretax net cash flows less tax basis of the properties and available credits, and assuming continuation of existing economic conditions. The estimated future net cash flows are then discounted using a rate of 10 percent per year to reflect the estimated timing of the future cash flows. The reserves estimates set forth below were prepared by a third party engineering firm using reserves definitions and pricing requirements prescribed by the SEC. Chapman Petroleum Engineering Ltd. (“Chapman”) prepared our reserves report at January 1, 2018. Chapman is an independent consultant, does not own any interest in the Company’s properties, and is not engaged contingent upon the value of the Company’s properties. Chapman prepared reserves estimates under a discounted cash flow analysis of estimated future net revenue, applying knowledge of concepts including uncertainty and risk, probability and statistics, and deterministic and probabilistic estimation methods in properly using and applying reserves definitions. The data utilized were furnished to Chapman by the Company or obtained from public data sources. Chapman is a professional engineering firm specializing in the technical and financial evaluation of oil and gas assets. Estimated quantities of oil and natural gas reserves The following table sets forth certain data pertaining to changes in reserves quantities of the proved, proved developed, and proved undeveloped reserves for the years ended December 31, 2017 and 2016. December 31, Crude Oil Natural Gas Crude Oil Natural Gas (MSTB) (MCF) (MSTB) (MCF) 2017 2017 2016 2016 TOTAL PROVED RESERVES Beginning of year 1,622 811 — — Purchases of minerals in place — — 1,622 811 Sales of minerals in place — — — — Extensions and discoveries 4,174 8,353 — — Revisions of previous estimates (1,620 ) (811 ) — — Production (2 ) — — — End of period 4,174 8,353 1,622 811 PROVED DEVELOPED RESERVES Proved developed producing — — — — Proved developed nonproducing — — 193 97 End of period 4,174 8,353 1,622 811 Total proved undeveloped 4,174 8,353 1,429 714 Standardized measure of discounted future net cash flows As required by the Financial Accounting Standards Board, the standardized measure of discounted future net cash flows is computed by applying first-day-of-the-month average prices, year-end costs and legislated tax rates and a discount factor of 10 percent to net proved reserves. The standardized measure includes costs for future dismantlement, abandonment, and rehabilitation obligations. The Company believes the standardized measure does not provide a reliable estimate of the Company’s expected future cash flows to be obtained from the development and production of its oil and gas properties or of the value of its proved oil and gas reserves. The standardized measure is prepared on the basis of certain prescribed assumptions, which represent discrete points in time and may cause significant variability in cash flows from year to year as prices change. Net cash flows at December 31, 2017 2016 Future cash inflows $ 268,949,000 $ 74,093,600 Future production costs (103,926,000 ) (17,313,400 ) Future development costs (48,000,000 ) (19,750,000 ) Future income tax expense (23,275,919 ) (12,590,268 ) Future net cash flows 93,747,081 24,439,932 10% annual discount for estimated timing of cash flow (68,046,395 ) (14,908,800 ) Standard measure of discounted future net cash flows related to proved reserves $ 25,700,686 $ 9,531,132 Changes in standardized measure of discounted future net cash flows The principal sources of changes in the standardized measure of the future net cash flows for the years ended December 31, 2017 and 2016 are: 2017 Balance, beginning of period $ 9,531,132 Sales and transfers of oil and gas produced during the period 97,592 Sales of minerals in place — Purchases of minerals in place — Net change in sales price, net of production costs (4,564,023 ) Net changes due to extensions and discoveries 50,755,047 Changes in estimated future development costs (25,709,147 ) Previously estimated development costs incurred during the period — Net change due to revisions in quantity estimates (16,007,121 ) Other 11,284,522 Accretion of discount 3,599,200 Net change in income tax (3,286,516 ) Balance, end of period $ 25,700,686

Organization, Going Concern, 21

Organization, Going Concern, and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The financial statements include the accounts of Foothills Exploration, Inc., and all of its direct and indirect wholly-owned subsidiaries including Foothill Petroleum, Inc., Foothills Petroleum Operating, Inc., Foothills Exploration Operating, Inc., Foothills Exploration LLC, Tiger Energy Partners International, LLC, Tiger Energy Operating, LLC and Tiger Energy Mineral Leasing, LLC. Intercompany balances and transactions have been eliminated in consolidation.
Basis of Presentation and Functional Currency	Basis of Presentation and Functional Currency These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America and are expressed in United States dollars (USD).
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date(s) of the financial statements and the reported amounts of revenues and expenses during the reporting period(s). Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Significant estimates include those related to assumptions used in impairment testing of long term assets, accruals for potential liabilities and valuing equity instruments issued for services. Actual results could differ from those estimates.
Reclassifications	Reclassifications Certain reclassifications have been made to amounts in prior year to conform to the current year presentation. All reclassifications have been applied consistently to the periods presented and had no effects on previously reported results of operations.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include all highly liquid debt instruments with maturity of three months or less.
Restricted Cash	Restricted Cash Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements are recorded in restricted cash in the non-current assets section of our consolidated balance sheet. At each of the years ended December 31, 2017 and 2016, the Company had restricted cash of $240,000. This amount is being held in escrow for the benefit of the State of Utah for certain properties located in Utah, covered under a certain Modification to Stipulated Order between the Utah Division of Oil, Gas and Mining and TEPI dated August 1, 2014 (Case No. SI/TA-102). These funds held in escrow, will be released to the Company once the Company finishes its reclamation of the various wells in question.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts receivable and allowance for doubtful accounts Accounts receivable are stated at the historical carrying amount net of an allowance for uncollectible accounts. The carrying amount of the Company’s accounts receivable approximates fair value because of the short-term nature of the instruments. Trade accounts receivable comprise receivables from joint interest owners which are recorded when the Company incurs expenses on behalf of the non-operator interest owners of the properties the Company operates. The Company’s oil and gas revenues receivable comprise receivables from purchasers of the Company’s production of oil and gas and other hydrocarbons and from operators of properties in which the Company has a non-operated interest, as well as from joint interest owners of properties the Company operates. During the year ended December 31, 2017, the company accrued $31,924 of net revenue receivable from EOG Resources, the operator of two wells in which the Company has a working interest, which the Company has been informed that EOG will apply to unpaid invoices of the Company’s share of costs to drill two wells until EOG has recovered those costs. During the year ended December 31, 2017, those costs were $1,501,377. See Note 4 – Property and Equipment. The Company’s reported balance of accounts receivable, net of allowance for doubtful accounts, represents management’s estimate of the amount that ultimately will be realized in cash or used in the future to offset an operator’s joint interest billings. The Company reviews the adequacy of the allowance for doubtful accounts on an ongoing basis, using historical payment trends, the age of the receivables and knowledge of the individual customers or joint interest owners. When the analysis indicates, management increases or decreases the allowance accordingly. However, if the financial condition of our customers were to deteriorate, additional allowances might be required.
Oil and Gas Properties	Oil and Gas Properties The Company follows the full cost method of accounting for its investments in oil and gas properties. Under the full cost method, all costs associated with the exploration of properties are capitalized into appropriate cost centers within the full cost pool. Internal costs that are capitalized are limited to those costs that can be directly identified with acquisition, exploration, and development activities undertaken and do not include any costs related to production, general corporate overhead, or similar activities. Cost centers are established on a country-by-country basis. Capitalized costs within the cost centers are amortized on the unit-of-production basis using proved oil and gas reserves. The cost of investments in unevaluated properties and major development projects are excluded from capitalized costs to be amortized until it is determined whether or not proved reserves can be assigned to the properties. Until such a determination is made, the properties are assessed annually to ascertain whether impairment has occurred. The costs of drilling exploratory dry holes are included in the amortization base immediately upon determination that the well is dry. For each cost center, capitalized costs are subject to an annual ceiling test, in which the costs shall not exceed the cost center ceiling. The cost center ceiling is equal to: (i) the present value of estimated future net revenues computed by applying current prices of oil and gas reserves (with consideration of price changes only to the extent provided by contractual arrangements) to estimated future production of proved oil and gas reserves as of the date of the latest balance sheet presented, less estimated future expenditures (based on current costs) to be incurred in developing and producing the proved reserves computed using a discount factor of ten percent and assuming continuation of existing economic conditions; plus (ii) the cost of properties not being amortized; plus (iii) the lower of cost or estimated fair value of unproved properties included in the costs being amortized; and less (iv) income tax effects related to differences between the book and tax basis of the properties. If unamortized costs capitalized within a cost center, less related deferred income taxes, exceed the cost center ceiling, the excess is charged to expense and separately disclosed during the period in which the excess occurs.
Support Facilities and Equipment	Support Facilities and Equipment Our support facilities and equipment are generally located in proximity to certain of our principal fields. Depreciation of these support facilities is calculated on a units-of-production basis. Maintenance and repair costs that do not extend the useful lives of property and equipment are charged to expense as incurred.
Proved Reserves	Proved Reserves Estimates of the Company’s proved reserves included in this report are prepared in accordance with US GAAP and guidelines from the United States Securities and Exchange Commission (“SEC”). The Company’s engineering estimates of proved oil and natural gas reserves directly impact financial accounting estimates, including depreciation, depletion, and amortization expense and impairment. Proved oil and natural gas reserves are the estimated quantities of oil and natural gas reserves that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under period-end economic and operating conditions. The process of estimating quantities of proved reserves is very complex, requiring significant subjective decisions in the evaluation of all geological, engineering and economic data for each reservoir. The accuracy of a reserves estimate is a function of: (i) the quality and quantity of available data; (ii) the interpretation of that data; (iii) the accuracy of various mandated economic assumptions, and (iv) the judgment of the persons preparing the estimate. The data for a given reservoir may change substantially over time as a result of numerous factors, including additional development activity, evolving production history and continual reassessment of the viability of production under varying economic conditions. Changes in oil and natural gas prices, operating costs, and expected performance from a given reservoir also will result in revisions to the amount of the Company’s estimated proved reserves. The Company engages independent reserve engineers to estimate its proved reserves.
Fixed Assets	Fixed Assets The Company capitalizes expenditures related to property and equipment not directly associated with our production of oil and gas, subject to a minimum rule, that have a useful life greater than one year for: (1) assets purchased; (2) existing assets that are replaced, improved or the useful lives have been extended; or (3) all land, regardless of cost, acquisitions of new assets, additions, replacements and improvements (other than land) costing less than the minimum rule in addition to maintenance and repair costs, including any planned major maintenance activities, are expensed as incurred. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Office equipment – 3 years Vehicle(s) – 5 years Land – not depreciated
Asset Retirement Obligations	Asset Retirement Obligations The Company follows the provisions of the Accounting Standards Codification ASC 410 - Asset Retirement and Environmental Obligations. The fair value of an asset retirement obligation is recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. The present value of the estimated asset retirement costs is capitalized as part of the carrying amount of the long-lived asset. The Company’s asset retirement obligations relate to the abandonment of oil and gas producing facilities and facilities that support the production of oil and gas. The amounts recognized are based upon numerous estimates and assumptions, including future retirement costs, future inflation rates and the credit-adjusted risk-free interest rate. After recording these amounts, the ARO will be accreted to its future estimated value using the same assumed cost of funds, and the capitalized costs are depreciated on a unit-of-production basis. Both the accretion and the depreciation will be included in depreciation, depletion and amortization expense on our consolidated statements of operations.
Fair Value of Financial Instruments	Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash and equivalents, restricted cash, accounts receivable, accounts payable, accrued liabilities and short-term debt, the carrying amounts approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: ● Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. The Company considers active markets as those in which transactions for the assets or liabilities occur in sufficient frequency and volume to provide pricing information on an ongoing basis ● Level 2: Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability. This category includes those derivative instruments that the Company values using observable market data. Substantially all of these inputs are observable in the marketplace throughout the term of the derivative instruments, can be derived from observable data, or supported by observable levels at which transactions are executed in the marketplace. ● Level 3: Measured based on prices or valuation models that require inputs that are both significant to the fair value measurement and less observable from objective sources (i.e. supported by little or no market activity). Level 3 instruments include derivative warrant instruments. The Company does not have sufficient corroborating evidence to support classifying these assets and liabilities as Level 1 or Level 2. The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” and ASC 815. The carrying amounts of the Company’s financial assets and liabilities, including cash, prepaid expenses, accounts payable, accrued expenses, and other current liabilities, approximate their fair values because of the short maturity of these instruments. The fair value of notes payable and convertible notes approximates their fair values since the current interest rates and terms on these obligations are the same as prevailing market rates. Certain of the Company’s debt and equity instruments include embedded derivatives that require bifurcation from the host contract under the provisions of ASC 815-40, Derivatives and Hedging. The estimated fair value of the derivative warrant instruments was calculated using a Black Scholes valuation model. The following table sets forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2017 and 2016: Fair Value Measurement at Carrying Value December 31, 2017 Level 1 Level 2 Level 3 Derivative assets, debt and equity instruments $ — $ — $ — $ — Derivative liabilities, debt and equity instruments 458,387 — — 458,387 Fair Value Measurement at Carrying Value December 31, 2016 Level 1 Level 2 Level 3 Derivative assets, debt and equity instruments $ — $ — $ — $ — Derivative liabilities, debt and equity instruments — — — — The Company did not identify any other assets and liabilities that are required to be presented on the consolidated balance sheet at fair value.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with the requirements of ASC 605-10-599, which directs that it should recognize revenue when (1) persuasive evidence of an arrangement exists (contracts); (2) delivery has occurred; (3) the seller’s price is fixed or determinable (per the customer’s contract); and (4) collectability is reasonably assured (based upon our credit policy). All of our revenue is attributable to sales of oil, gas, and other hydrocarbons which are sold daily, with sales aggregated on a monthly basis. In the case of revenue received for a non-operated working interest, we are paid by the operator, which is a joint interest partner and not the purchaser of the product. In the case of revenue received for an operated working interest, we are paid by the marketer to whom we sell the commodities directly pursuant to contractual arrangements.
Debt Issuance Costs, Debt Discount and Detachable Debt-related Warrants	Debt Issuance Costs, Debt Discount and Detachable Debt-Related Warrants Costs incurred to issue debt are deferred and recorded as a reduction to the debt balance in our consolidated balance sheets. We amortize debt issuance costs over the expected term of the related debt using the effective interest method. Debt discounts relate to the relative fair value of warrants issued in conjunction with the debt and are also recorded as a reduction to the debt balance and accreted over the expected term of the debt to interest expense using the effective interest method.
Net Earnings (loss) Per Common Share	Net Earnings (Loss) Per Common Share The Company computes earnings per share under ASC 260-10, “Earnings Per Share.” The Company’s earnings (loss) per share are computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share reflects the potential dilution of securities, if any, that could share in the earnings (loss) of the Company and are calculated by dividing net income by the diluted weighted average number of common shares. The diluted weighted average number of common shares is computed using the treasury stock method for common stock that may be issued for outstanding stock options, warrants, and convertible debt. December 31, 2017 2016 Numerator: Net income (loss) available to stockholders $ (6,493,871 ) $ (1,941,138 ) Basic net income allocable to participating securities (1) — — Income (loss) available to Foothills Exploration, Inc.’s stockholders $ (6,493,871 ) $ (1,941,138 ) Denominator: Weighted average number of common shares outstanding-Basic 14,418,719 8,422,180 Effect of dilutive securities: Options and warrants (2) — — Stock payable (3) 205,000 200,000 Weighted average number of common shares outstanding-Diluted 14,623,719 8,622,180 Net income (loss) per share: Basic $ (0.45 ) $ (0.23 ) Diluted $ (0.44 ) $ (0.23 ) (1) Restricted share awards that contain non-forfeitable rights to dividends are participating securities and, therefore, are included in computing earnings using the two-class method. Participating securities, however, do not participate in undistributed net losses. (2) For the year ended December 31, 2017, “out of the money” stock options representing 2,050,000 shares and warrants representing 2,683,515 shares were antidilutive and, therefore, excluded from the diluted share calculation. For the year ended December 31, 2016, “out of the money” stock options representing 450,000 shares and warrants representing 1,025,000 shares were antidilutive and, therefore, excluded from the diluted share calculation. (3) For the year ended December 31, 2017, stock payable representing 205,000 shares were anti-dilutive. For the year ended December 31, 2016, stock payable representing 200,000 shares were anti-dilutive.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
Stock-based Compensation	Stock-Based Compensation All share-based payments, including grants of stock to employees, directors and consultants, are recognized in the consolidated financial statements based upon their estimated fair values. The Company accounts for stock, stock options, and stock warrants issued for services and compensation by employees under the fair value method. For non-employees, the fair market value of the Company’s stock is measured on the date of stock issuance or the date an option/warrant is granted as appropriate under ASC 718 “Compensation – Stock Compensation”. The Company determined the fair market value of the warrants/options issued under the Black-Scholes Pricing Model. Under the provisions ASC 718, share-based compensation cost is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the employee’s requisite service period (generally the vesting period of the equity grant). The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows ASC Topic 505. As such, the value of the applicable stock-based compensation is periodically re-measured and income or expense is recognized during their vesting terms. The measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is primarily recognized over the term of the consulting agreement. In accordance with FASB guidance, an asset acquired in exchange for the issuance of fully vested, non-forfeitable equity instruments should not be presented or classified as an offset to equity on the grantor’s balance sheet once the equity instrument is granted for accounting purposes.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2015, the FASB issued Accounting Standards Update No. 2015-17, Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Improvements to Employee Share-Based Payment Accounting In January 2017, the FASB issued Accounting Standards Update No. 2017-01, Clarifying the Definition of a Business In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Simplifying the Test for Goodwill Impairment In July 2017, the FASB issued Accounting Standards Update No. 2017-11, Accounting for Certain Financial Instruments with Down Round Features Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

Organization, Going Concern, 22

Organization, Going Concern, and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Estimated Useful Lives of Assets	Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Office equipment – 3 years Vehicle(s) – 5 years Land – not depreciated
Schedule of Fair Value of Assets and Liabilities On Recurring Basis	The following table sets forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2017 and 2016: Fair Value Measurement at Carrying Value December 31, 2017 Level 1 Level 2 Level 3 Derivative assets, debt and equity instruments $ — $ — $ — $ — Derivative liabilities, debt and equity instruments 458,387 — — 458,387 Fair Value Measurement at Carrying Value December 31, 2016 Level 1 Level 2 Level 3 Derivative assets, debt and equity instruments $ — $ — $ — $ — Derivative liabilities, debt and equity instruments — — — —
Schedule of Net Earnings (loss) Per Common Share	December 31, 2017 2016 Numerator: Net income (loss) available to stockholders $ (6,493,871 ) $ (1,941,138 ) Basic net income allocable to participating securities (1) — — Income (loss) available to Foothills Exploration, Inc.’s stockholders $ (6,493,871 ) $ (1,941,138 ) Denominator: Weighted average number of common shares outstanding-Basic 14,418,719 8,422,180 Effect of dilutive securities: Options and warrants (2) — — Stock payable (3) 205,000 200,000 Weighted average number of common shares outstanding-Diluted 14,623,719 8,622,180 Net income (loss) per share: Basic $ (0.45 ) $ (0.23 ) Diluted $ (0.44 ) $ (0.23 ) (1) Restricted share awards that contain non-forfeitable rights to dividends are participating securities and, therefore, are included in computing earnings using the two-class method. Participating securities, however, do not participate in undistributed net losses. (2) For the year ended December 31, 2017, “out of the money” stock options representing 2,050,000 shares and warrants representing 2,683,515 shares were antidilutive and, therefore, excluded from the diluted share calculation. For the year ended December 31, 2016, “out of the money” stock options representing 450,000 shares and warrants representing 1,025,000 shares were antidilutive and, therefore, excluded from the diluted share calculation. (3) For the year ended December 31, 2017, stock payable representing 205,000 shares were dilutive. For the year ended December 31, 2016, stock payable representing 200,000 shares were dilutive.

Acquisition (Tables)

Acquisition (Tables)	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Schedule of Estimated Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition. Assets Cash $ 358,130 Cash in escrow 240,000 Oil and gas properties 10,016,990 Drilling equipment 265,578 Investment 100 Bond deposits 295,000 Liabilities Accounts payable (389,325 ) Contingent liabilities (213,372 ) Related party payable (10,600 ) Net assets acquired 10,562,501

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Office Furniture, Equipment, and Other [Member]
Schedule of Property and Equipment	As of December 31, 2017, and 2016, office furniture, equipment, and other consisted of the following: December 31, 2017 2016 Computer equipment and fixtures $ 22,453 $ 22,453 Vehicle — — Accumulated depreciation (8,632 ) (4,114 ) Office furniture, equipment, and other, net $ 13,821 $ 18,339
Support Facilities and Equipment [Member]
Schedule of Property and Equipment	The following table summarizes these properties and equipment, together with their estimated useful lives: December 31, 2017 2016 Tank $ 30,000 $ 30,000 Vehicle 69,446 69,446 Accumulated depreciation (31 ) — Construction in progress (1) 22,087 — Total support facilities and equipment, net $ 121,502 $ 99,446 (1) Facilities constructed in conjunction with drilling for our two exploratory horizontal wells in Uintah County, Utah.
Oil and Gas Properties [Member]
Schedule of Oil and Gas Properties, Net	The carrying values of the Company’s oil and gas properties, net of depletion, depreciation, amortization, and impairment at December 31, 2017 and 2016 are set forth below in the following table: December 31, 2017 2016 Unproved leasehold (1) $ 977,936 $ 1,181,421 Proved leasehold 10,094,760 10,252,568 Properties subject to depletion, net of depletion 580,158 — Exploratory wells – construction-in-progress (1) (2) 1,479,282 — Total $ 13,132,136 $ 11,433,989 (1) Not subject to depletion; (2) Expected to be reclassified from exploratory to properties subject to amortization in the first quarter of 2018.
Schedule of Cost Incurred in Oil and Gas Properties	Exploration and Depreciation, Depletion, Amortization, Year Acquisition Development Disposition and Incurred Costs Costs of Assets Impairment Total 2016 and prior $ 10,252,568 $ 1,181,421 $ — $ — $ 11,433,989 2017 — 3,223,931 — (1,525,784 ) 1,698,147 Total $ 10,252,568 $ 4,405,352 $ — $ (1,525,784 ) $ 13,132,136

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	12 Months Ended
	Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Changes in Asset Retirement Obligations	The following table provides a reconciliation of the changes in the estimated present value of asset retirement obligations for the years ended December 31, 2017 and 2016. For the Year Ended December 31, 2017 2016 Beginning asset retirement obligations $ — $ — Liabilities established 291,659 — Accretion expense 11,668 — Ending asset retirement obligations $ 303,327 $ —

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Outstanding Amounts of Notes Payable	A summary of the outstanding amounts of our Notes payable as of December 31, 2017 and 2016 is as follows: December 31, 2017 2016 9% unsecured note payable due May 6, 2017 (1) $ - $ - 13.5% unsecured note payable due September 8, 2017 (2) 1,050,000 - 0% unsecured note payable due June 30, 2018 (3) 6,000,000 6,000,000 Less: unamortized discount of imputed interest of 4% (3) (114,268 ) - 0% unsecured note payable due January 2, 2018 (4) 250,000 - Less: unamortized discount of imputed interest of 4% (4) (2,264 ) - 12% unsecured note payable June 30, 2018 (5) 120,629 - Total debt 7,304,097 6,000,000 Less: current maturities 7,304,097 - Long-term debt, net of current maturities - 6,000,000 At December 31, 2017, the principal amounts due under our debt agreements were all classified as current on our Consolidated Balance Sheets. (1) On December 30, 2016, effective January 5, 2017, Foothills borrowed $1,000,000 from Full Wealth Investment Hong Kong Limited, a limited liability company organized under the laws of Hong Kong. The Company used net proceeds of this loan to satisfy certain obligations under a Purchase and Sale Agreement with Total Belief Limited, dated December 30, 2016, for general working capital and to support certain target drilling activities. On May 18, 2017, Full Wealth Investment Hong Kong Limited sold this note to Gold Class Limited, with accrued interest increased from 9% to 13.5% per annum for the life of the debenture. On June 1, 2017, Full Wealth Investment Hong Kong Limited acquired this note from Gold Class with a 60-day term and 10% interest per annum for the life of the debenture. On August 14, 2017, we repaid $1,000,000 in principal and $20,000 in accrued interest and reclassified the remaining accrued interest of $30,000 as a gain on extinguishment of debt. (2) Effective August 9, 2017, Foothills borrowed $1,050,000 from Profit Well Limited, a Hong Kong limited liability company. The Company executed a Bridge Note with an annual percentage interest rate of 13.5% and a maturity date of September 8, 2017. Proceeds of this Bridge Note were primarily used to repay Full Wealth for the debenture dated June 1, 2017. On November 3, 2017, Profit Well Limited agreed to defer repayment of this note to a later date and acknowledged that the Company is not in default regarding this Debenture. Profit Well Limited also reaffirmed its belief that the Company will either extend or repay the obligation to the satisfaction of Profit Well. As partial consideration for the deferment, the Company agreed to issue Profit Well Limited 100,000 shares of its restricted common stock, valued at $48,000. The issuance of the shares in exchange for the maturity extension was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments” (“ASC 470-50”). (3) On December 30, 2016, in connection with the TBL acquisition (see Note 3 - Acquisitions), Foothills entered into a promissory note in the amount of $6,000,000. This note bears no interest during its term. The Company calculated and recorded $342,804 of imputed interest as debt discount. (4) On September 29, 2017, the Company issued to an unaffiliated investor a promissory note and three tranches of warrants for an aggregate consideration of $250,000. The Note recites that it accrues no interest if paid when due and is due and payable on January 2, 2018. If principal is not paid on or before maturity, interest will accrue at the rate of 15% per year until paid. On November 6, 2017, the Company agreed to compensate the investor 75,000 shares of the Company’s restricted common stock in connection with a more favorable term of a note entered with FirstFire Opportunity Fund, LLC. On December 30, 2017, the Company and the investor agreed to extend the maturity date of this Note to January 23, 2018, in return for a payment at maturity of the principal, accrued interest as provided in the Note, plus 30,000 shares of the Company’s restricted common stock. Because the fair value of the shares was greater than 10% of the present value of the remaining cash flows under the Note, the issuance of the shares in connection with a more favorable term of a note entered with FirstFire Opportunity Fund, LLC. was treated as a debt extinguishment and reissuance of a new debt instrument pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments” (“ASC 470-50”). Since January 23, 2018, the Company and the investor have been in ongoing discussions to extend the term of this Note. On March 28, 2018, the investor acknowledged that the Company is not in default ● 375,000 warrants to purchase 375,000 shares of common stock of the Company at a strike price of $0.665 per share expiring on September 29, 2019; ● 375,000 warrants to purchase 375,000 shares of common stock of the Company at a strike price of $1.25 per share expiring on September 29, 2020; and ● 185,000 warrants to purchase 185,000 shares of common stock of the Company at a strike price of $2.00 per share expiring on September 29, 2020. The aggregate relative fair value of three tranches of warrants was determined to be $105,000 on September 29, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 94%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 2-3 years. $2,536 imputed interest was recorded as debt discount. $2,536 was determined using the present value method based on the following assumptions: (i) adjusted interest rate 4% (ii) expected life of 0.26 year. The aggregate value of the warrants and imputed interest of $107,536 was considered as debt discount upon issuance and will be amortized as interest over the term of the Note or in full upon the conversion of the Note. During the year ended December 31, 2017, the Company amortized $105,272 of such discount to interest expense, and the unamortized discount as of December 31, 2017 was $2,264. At December 31, 2017, $250,000 of principal was outstanding under the Note. Each tranche of warrants is subject to down round adjustment provisions if the Company during the term of that tranche issues additional securities for consideration per share, after giving effect to fees, commission and expenses, that is less, or which on conversion or exercise of the underlying security is less, than $0.665 per share (as adjusted for any change resulting from forward or reverse splits, stock dividends and similar events). To satisfy most favored nation provisions in previously entered securities purchase agreements that are triggered by the transaction described above, Company issued 136,015 shares of common stock and warrants to purchase 136,015 shares of common stock, in the aggregate, to certain investors who purchased units from the Company, at a $1.00 per unit, with each unit consisting of one share and one warrant. See the Company’s Current Report on the Form 8-K filed with the SEC on June 5, 2017. Of this amount, 100,752 shares and warrants to purchase 100,752 shares of common stock will be issued to Wilshire Energy Partners LLC, an entity controlled by Kevin J. Sylla. The exercise price of these investor warrants was adjusted to $0.665 per share. We measured the value of the effect of the down round feature as the difference between the fair value of the financial instrument at an original exercise price of $1.50 and an adjusted exercise price of $0.665 and, as a result, $59,801 was recorded as down round feature as interest expense under ASC 260-10-30-1. Foothills determined the amount of $59,801 using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 94%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 3 years. (5) A promissory note was issued on November 1, 2017, for services rendered, bearing an interest rate of 12% per annum and with a maturity date of June 30, 2018.

Notes Payable - Related Party (

Notes Payable - Related Party (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Notes Payable - Related Party	December 31, 2017 2016 13.25% unsecured note payable due May 5, 2017 (1) $ 1,250,000 $ - Total debt 1,250,000 - Less: current maturities 1,250,000 - Long-term debt, net of current maturities $ - $ - (1) Effective January 5, 2017, Foothills borrowed $1,250,000 from Berwin Trading Limited that, due to its 20% beneficial ownership in the Company, is a related party. This note called for interest at 9% per annum; but because it was not paid when due interest was to have accrued at a default rate of 11% from the due date of the note. The Company used net proceeds of this loan to satisfy certain obligations under a Purchase and Sale Agreement with Total Belief Limited, dated December 30, 2016, for general working capital and to support certain target drilling activities. See Note 3 – Acquisitions. On May 4, 2017, the Company and Berwin agreed to extend the maturity date of the debenture to June 20, 2017, in return for an annual interest rate increase from 9% to 13.5% per annum for the life of the debenture. On November 3, 2017, Berwin agreed to defer repayment of this note to a later date and acknowledged that the Company is not in default regarding this Debenture. As partial consideration for the deferment, the Company issued Berwin 100,000 shares of its restricted common stock, valued at $48,000. The issuance of the shares in exchange for the maturity extension was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments” (“ASC 470-50”).

Convertible Note Payable (Table

Convertible Note Payable (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Convertible Note Payable	December 31, 2017 2016 10% convertible note payable due May 10. 2018 (1) $ 50,000 $ - 8% convertible note payable due August 16, 2018 (2) 267,500 - Less: unamortized debt discount on convertible notes (1)(2) (224,228 ) - Total debt 93,272 - Less: current maturities 93,272 - Long-term debt, net of current maturities $ - $ - (1) On May 10, 2017, we entered into a convertible note agreement with an unrelated party, pursuant to which we borrowed $50,000 at an annual percentage rate of 10% with a term of 12 months, which is due on May 10, 2018. This note may, at the option of the lender, be converted at any time prior to September 7, 2017, into fully-paid, restricted and non-assessable shares of common stock of the Company at a price equal to 100% of the selling price of such common stock in a private placement to institutional and/or accredited investors initiated by the Company during thunder this convertible note until May 10, 2018. On November 7, 2017, the Company issued 50,000 warrants to purchase 50,000 shares of common stock of the Company at a strike price of $1.00 per share expiring on May 7, 2019. If the Company fails to pay the principal and accrued unpaid interest due and payable to Lender on or before the due date of the convertible note, then the Lender shall be provided the right to convert at either $0.665 per share or upon the same terms offered in FirstFire Opportunity Fund, LLC Note’s conversion options. The relative fair value of warrant was determined to be $3,381 on November 7, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 77%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.5 years. The issuance of the warrants in exchange for the maturity extension was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments” (“ASC 470-50”). (2) On November 17, 2017, the Company issued to FirstFire Opportunity Fund, LLC, an unaffiliated investor, a senior convertible promissory note in the principal amount of $267,500 and received proceeds of $250,000 before giving effect to certain transactional costs including legal fees. As part of this transaction the Company also issued (i) warrants having an 18-month term, to purchase 267,500 shares of the Company’s common stock at an exercise price of $1.00 per share and (ii) 60,000 shares of the Company’s restricted common stock. This note accrues interest of 8% per annum and is due and payable on August 17, 2018. The Note agreements give the lender the right to convert the loan amounts due into common stock at a conversion price of the lower of (i) $0.665 per share or (ii) 50% of the lowest per share market values during the twenty (20) trading days immediately preceding a conversion date. If the lowest traded price of the Common Stock is less than the Conversion Price on the date following the Conversion Date on which the Holder actually receives from the Company, then the Conversion Price shall be deemed to have been retroactively adjusted, as of the Conversion Date, to a price equal to 75% multiplied by the lowest closing price of the Common Stock on the Free Trading Shares Receipt Date. This note is secured by a personal guaranty from the Company’s Executive Chairman, Kevin Sylla. The net proceeds of this note will be used for general corporate and working capital purposes. The aggregate relative fair value of warrant was determined to be $10,750 on November 17, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 78%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.5 year. Fair value of 60,000 shares of common stock was determined $18,250 using allocation of proceeds. The Company accounted for the conversion feature as a derivative valued at $288,964, of which $67,964 was expensed immediately to interest expense. $288,964 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 78%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.75 year. The aggregate value of the original debt discount, warrant, conversion feature and 60,000 shares of common stock of $267,500 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the Note or in full upon the conversion of the Note. As of December 31, 2017, Company accounted for the conversion feature as a derivative valued at $458,387 which was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 77%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.6 year.

Common Stock (Tables)

Common Stock (Tables)	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Schedule of Stock Warrant Activity	The following table summarizes all stock warrant activity for the year ended December 31, 2017 and 2016: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Term Balance outstanding, December 31, 2015 - $ - - Granted 1,025,000 2.32 4.42 Exercised - - - Cancelled or expired - - - Balance outstanding, December 31, 2016 1,025,000 $ 2.32 4.42 Granted 1,658,515 1.09 2.18 Exercised - - - Cancelled or expired - - - Balance outstanding, December 31, 2017 2,683,515 $ 1.56 2.65 Exercisable, December 31, 2017 - $ - -
Schedule of Stock Option Activity	The following table summarizes all stock option activity for the year ended December 31, 2017 and 2016: Number of Option Weighted Average Exercise Price Weighted Average Remaining Contractual Term Balance outstanding, December 31, 2015 - $ - - Granted 450,000 3.00 9.39 Exercised - - - Cancelled or expired - - - Balance outstanding, December 31, 2016 450,000 $ 3.00 9.39 Granted 1,600,000 - - Exercised - - - Cancelled or expired - - - Balance outstanding, December 31, 2017 2,050,000 $ 2.21 6.26 Exercisable, December 31, 2017 - $ - -

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Contractual Lease Obligations	Information regarding all the Company’s contractual lease obligations, at December 31, 2017, is set forth in the following table. Operating Leases 2018 $ 123,668 2019 125,816 2020 74,347 2021 and thereafter — Total $ 323,831

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets	2017 2016 Net operating loss carryforward $ (2,029,437 ) $ (671,362 ) Stock based compensation 40,248 3,931 Fair value of options 195,873 281 Total deferred tax assets (1,793,316 ) (667,150 ) Valuation allowance $ 1,793,316 $ 667,150 Net deferred tax asset - -
Schedule of Federal Statutory Rate and Effective Tax Rate	2017 2016 U.S federal statutory income tax -34.00 % -34.00 % State tax, net of federal tax benefit -5.80 % -5.80 % Stock based compensation 0.00 % 0.00 % Change in valuation allowance 39.80 % 39.80 % Effective tax rate 0.00 % 0.00 %

Supplemental Oil and Gas Rese32

Supplemental Oil and Gas Reserve Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Extractive Industries [Abstract]
Schedule of Results of Operations from Oil and Gas Producing Activities	The results of operations from the Company’s oil and gas producing activities for the years ended December 31, 2017 and 2016 are summarized below: December 31, 2017 2016 Net revenues from production: Sales of oil and gas production to third parties $ 155,161 $ — Production costs: Oil and gas lease operating expense (252,753 ) — Depletion, depreciation, amortization, accretion, and impairment expense (1,525,784 ) — Income tax expense — Results of operations $ (1,623,376 ) $ —
Schedule of Capitalized Costs	Capitalized costs and accumulated depletion, depreciation, and amortization relating to the Company’s oil and gas producing activities as of December 31, 2017 and 2016 are summarized below: 2017 2016 Unproved properties not being amortized $ 2,509,274 $ 1,181,421 Proved properties subject to amortization $ 10,762,380 10,352,014 Accumulated depreciation, depletion, and amortization $ (18,016 ) Net capitalized costs $ 13,253,638 $ 11,533,435
Schedule of Costs Incurred in Property Acquisition, Exploration and Development Activities	The following table summarizes the Company’s costs incurred in property acquisition, exploration and development activities for the year ended December 31, 2017: 2017 Proved acreage $ 18,653 Producing assets 580,158 Incomplete construction 1,501,369 Exploration costs (148,533 ) Development costs — Net capitalized costs $ 1,951,647
Schedule of Estimated Quantities of Oil and Natural Gas Reserves	December 31, Crude Oil Natural Gas Crude Oil Natural Gas (MSTB) (MCF) (MSTB) (MCF) 2017 2017 2016 2016 TOTAL PROVED RESERVES Beginning of year 1,622 811 — — Purchases of minerals in place — — 1,622 811 Sales of minerals in place — — — — Extensions and discoveries 4,174 8,353 — — Revisions of previous estimates (1,620 ) (811 ) — — Production (2 ) — — — End of period 4,174 8,353 1,622 811 PROVED DEVELOPED RESERVES Proved developed producing — — — — Proved developed nonproducing — — 193 97 End of period 4,174 8,353 1,622 811 Total proved undeveloped 4,174 8,353 1,429 714
Schedule of Standardized Measure of Discounted Future Net Cash Flows	Net cash flows at December 31, 2017 2016 Future cash inflows $ 268,949,000 $ 74,093,600 Future production costs (103,926,000 ) (17,313,400 ) Future development costs (48,000,000 ) (19,750,000 ) Future income tax expense (23,275,919 ) (12,590,268 ) Future net cash flows 93,747,081 24,439,932 10% annual discount for estimated timing of cash flow (68,046,395 ) (14,908,800 ) Standard measure of discounted future net cash flows related to proved reserves $ 25,700,686 $ 9,531,132
Schedule of Changes in the Standardized Measure of the Future Net Cash Flows	2017 Balance, beginning of period $ 9,531,132 Sales and transfers of oil and gas produced during the period 97,592 Sales of minerals in place — Purchases of minerals in place — Net change in sales price, net of production costs (4,564,023 ) Net changes due to extensions and discoveries 50,755,047 Changes in estimated future development costs (25,709,147 ) Previously estimated development costs incurred during the period — Net change due to revisions in quantity estimates (16,007,121 ) Other 11,284,522 Accretion of discount 3,599,200 Net change in income tax (3,286,516 ) Balance, end of period $ 25,700,686

Organization, Going Concern, 33

Organization, Going Concern, and Significant Accounting Policies (Details Narrative) - USD ($)	May 16, 2016	Dec. 31, 2017	Dec. 31, 2016	May 02, 2016
Forward stock split ratio	4:1 forward split of our shares of common stock.		4:1 forward split of our shares of common stock.
Working capital deficit		$ 13,024,813
Restricted cash		240,000	$ 240,000
Accounts receivable - oil and gas		31,924
Cost incurred to own shares of interest		$ 1,501,377
Foothills Petroleum Inc [Member]
Number of acquired shares pre-split			14,100,000	14,100,000
Number of acquired shares post-split			56,400,000	56,400,000
Percentage of voting interest acquired by parent				96.00%

Organization, Going Concern, 34

Organization, Going Concern, and Significant Accounting Policies - Schedule of Estimated Useful Lives of Assets (Details)	12 Months Ended
	Dec. 31, 2017
Office Equipment [Member]
Estimated Useful Lives	3 years
Vehicle [Member]
Estimated Useful Lives	5 years
Land [Member]
Estimated Useful Lives, Description	Not depreciated

Organization, Going Concern, 35

Organization, Going Concern, and Significant Accounting Policies - Schedule of Fair Value of Assets and Liabilities On Recurring Basis (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Derivative assets, debt and equity instruments
Derivative liabilities, debt and equity instruments	458,387
Level 1 [Member]
Derivative assets, debt and equity instruments
Derivative liabilities, debt and equity instruments
Level 2 [Member]
Derivative assets, debt and equity instruments
Derivative liabilities, debt and equity instruments
Level 3 [Member]
Derivative assets, debt and equity instruments
Derivative liabilities, debt and equity instruments	$ 458,387

Organization, Going Concern, 36

Organization, Going Concern, and Significant Accounting Policies - Schedule of Net Earnings (loss) Per Common Share (Details) - USD ($)		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net income (loss) available to stockholders		$ (6,493,871)	$ (1,941,138)
Basic net income allocable to participating securities	[1]
Income (loss) available to Foothills Exploration, Inc.'s stockholders		$ (6,493,871)	$ (1,941,138)
Weighted average number of common shares outstanding-Basic		14,418,719	8,422,180
Options and warrants	[2]
Stock Payable	[3]	205,000	200,000
Weighted average number of common shares outstanding-Diluted		14,623,719	8,622,180
Net income (loss) per share Basic		$ (0.45)	$ (0.23)
Net income (loss) per share Diluted		$ (0.44)	$ (0.23)
[1]	Restricted share awards that contain non-forfeitable rights to dividends are participating securities and, therefore, are included in computing earnings using the two-class method. Participating securities, however, do not participate in undistributed net losses.
[2]	For the year ended December 31, 2017, "out of the money" stock options representing 2,050,000 shares and warrants representing 2,683,515 shares were antidilutive and, therefore, excluded from the diluted share calculation. For the year ended December 31, 2016, "out of the money" stock options representing 450,000 shares and warrants representing 1,025,000 shares were antidilutive and, therefore, excluded from the diluted share calculation .
[3]	For the year ended December 31, 2017, stock payable representing 205,000 shares were anti-dilutive. For the year ended December 31, 2016, stock payable representing 200,000 shares were anti-dilutive.

Organization, Going Concern, 37

Organization, Going Concern, and Significant Accounting Policies - Schedule of Net Earnings (loss) Per Common Share (Details) (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Warrant [Member]
Antidilutive securities excluded from computation of earnings per share, amount	2,683,515	1,025,000
Stock Payable [Member]
Antidilutive securities excluded from computation of earnings per share, amount	205,000	200,000
Stock Options [Member]
Antidilutive securities excluded from computation of earnings per share, amount	2,050,000	450,000

Share Exchange Agreement (Detai

Share Exchange Agreement (Details Narrative) - USD ($)	May 27, 2016	May 16, 2016	Dec. 31, 2017	Dec. 31, 2016	Nov. 17, 2017	Nov. 07, 2017	Sep. 29, 2017	May 02, 2016	Dec. 31, 2015
Percentage of ownership interest			21.60%
Forward stock split ratio		4:1 forward split of our shares of common stock.		4:1 forward split of our shares of common stock.
Warrant exercisable price (in dollars per share)						$ 1	$ 1
Share Exchange Agreement [Member]
Number of common stock outstanding excluding acquired shares			8,363,759
Number of common stock outstanding excluding acquired shares, percentage			52.00%
Wilshire Energy Partners LLC [Member]
Number of shares issued upon acquisition				4,500,000
Alternus Capital Holdings Ltd. [Member] | Share Exchange Agreement [Member]
Number of shares issued upon acquisition				1,503,759
Wilshire Energy Partners, LLC & Alternus Capital Holdings Ltd. [Member] | Share Exchange Agreement [Member]
Number of common stock outstanding excluding acquired shares			6,003,759
Warrants [Member]
Number of warrants to purchase			2,683,515	1,025,000
Warrant exercisable price (in dollars per share)			$ 1.56	$ 2.32	$ 1
Warrants [Member] | Wilshire Energy Partners LLC [Member]
Number of warrants to purchase				700,000
Warrant term				5 years
Warrant minimum exercisable term	1 year			1 year
Warrants One [Member] | Wilshire Energy Partners LLC [Member]
Number of warrants to purchase				100,000
Warrant exercisable price (in dollars per share)				$ 1.25
Warrants Two [Member] | Wilshire Energy Partners LLC [Member]
Number of warrants to purchase				200,000
Warrant exercisable price (in dollars per share)				$ 2
Warrants Three [Member] | Wilshire Energy Partners LLC [Member]
Number of warrants to purchase				400,000
Warrant exercisable price (in dollars per share)				$ 3
Foothills Petroleum Inc [Member]
Number of acquired shares pre-split				14,100,000				14,100,000
Number of acquired shares post-split				56,400,000				56,400,000
Percentage of ownership interest				96.00%
Cost of shares acquisition				$ 316,035
Foothills Petroleum Inc [Member] | Share Exchange Agreement [Member]
Number of shares issued upon acquisition	6,003,759			6,003,759

Acquisition (Details Narrative)

Acquisition (Details Narrative)	Dec. 30, 2016USD ($)ft²$ / sharesshares	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 30, 2016USD ($)ft²$ / sharesshares
Percentage of ownership interest acquired		21.60%
Cash payment			$ 75,000
Total Belief Limited [Member]
Cash held in escrow			$ 240,000
Purchase price				$ 10,750,000
Cash payment				75,000
Additional cash payment				$ 675,000
Total Belief Limited [Member] | Restricted Common Stock [Member]
Number of shares issued upon acquisition | shares				2,083,334
Number of shares issued upon acquisition,value				$ 3,812,500
Share price, per share | $ / shares	$ 1.83			$ 1.83
Number of shares issued upon acquisition to parties,value				$ 4,000,000
Share price to parties, per share | $ / shares	$ 1.92			$ 1.92
Total Belief Limited [Member] | Promissory Note [Member]
Debt principal amount	$ 6,000,000			$ 6,000,000
Debt term	18 months
Clear Elite Holdings Limited [Member] | Total Belief Limited [Member]
Percentage of ownership interest acquired	100.00%			100.00%
Golden Giants Limited (Clear Elite Holdings Limited) [Member\ | Total Belief Limited [Member]
Percentage of ownership interest acquired	100.00%			100.00%
NTE-Utah, LLC [Member] | Total Belief Limited [Member]
Percentage of ownership interest acquired	100.00%			100.00%
Tiger Energy Operating, LLC [Member] | Total Belief Limited [Member]
Percentage of ownership interest acquired	100.00%			100.00%
Tiger Energy Mineral Leasing, LLC [Member] | Total Belief Limited [Member]
Percentage of ownership interest acquired	100.00%			100.00%
Area of oil and gas property | ft²	280			280
Tiger Energy Partner International LLC [Member] | Total Belief Limited [Member]
Percentage of ownership interest acquired	75.00%			75.00%
Number of membership units acquired | shares	750			750
Cash held in escrow	$ 240,000			$ 240,000
Grey Hawk Exploration, Inc [Member] | Total Belief Limited [Member]
Percentage of ownership interest acquired	55.63%			55.63%
Number of shares issued upon acquisition | shares				13,166,667
Green Stone Capital Partners Limited [Member] | Tiger Energy Partners International, LLC [Member]
Percentage of remaining ownership interest acquired			25.00%
Wilshire Energy Partners LLC [Member] | Total Belief Limited [Member]
Percentage of ownership interest acquired			53.00%

Acquisition - Schedule of Estim

Acquisition - Schedule of Estimated Fair Value of Assets Acquired and Liabilities Assumed (Details) - Total Belief Limited [Member]	Dec. 31, 2016USD ($)
Cash	$ 358,130
Cash in escrow	240,000
Oil & gas properties	10,016,990
Drilling equipment	265,578
Investment	100
Bond deposits	295,000
Accounts payable	(389,325)
Contingent Liabilities	(213,372)
Related party payable	(10,600)
Net assets acquired	$ 10,562,501

Property and Equipment (Details

Property and Equipment (Details Narrative)	12 Months Ended
	Dec. 31, 2017USD ($)ft²	Dec. 31, 2016USD ($)aft²Integer
Percentage of ownership interest acquired	21.60%
Cost for wells	$ 3,200,000
Costs for working interest	$ 1,501,377
Area of square feet | ft²	8,795
Impairment of oil and gas property	$ 1,507,768
Capitalized workover costs	70,937
Incurred costs		730,000
Purchase of assets oil and gas		10,562,501
Office Furniture, Equipment, and Other [Member]
Depreciation expense	8,632	4,114
Support Facilities and Equipment [Member]
Depreciation expense	31	$ 0
Greater Green River Basin [Member]
Percentage of ownership interest acquired		40.00%
Area of oil and gas property | a		3,060
Total Belief Limited [Member] | Greater Green River Basin [Member]
Percentage of ownership interest acquired		35.00%
Maximum pre- acquisition percent		75.00%
Fremont County, Wyoming [Member]
Incurred costs	$ 22,691	$ 55,848
UTAH (Uinta Basin) [Member] | Total Belief Limited [Member]
Area of square feet | ft²		6,000
Number of proven undeveloped drilling locations | Integer		30
Maximum area of oil and gas property acquired | ft²		6,000
Maximum number of shut-in oil and gas wells | Integer		16

Property and Equipment - Schedu

Property and Equipment - Schedule of Oil and Gas Properties, Net (Details) - USD ($)		Dec. 31, 2017	Dec. 31, 2016
Unproved leasehold		$ 2,509,274	$ 1,181,421
Proved leasehold		10,762,380	10,352,014
Total oil and gas properties		13,253,638	11,533,435
Oil and Gas Properties [Member]
Unproved leasehold	[1]	977,936	1,181,421
Proved leasehold		10,094,760	10,252,568
Properties subject to depletion, net of depletion		580,158
Exploratory wells - construction-in-progress	[1],[2]	1,479,282
Total oil and gas properties		$ 13,132,136	$ 11,433,989
[1]	Not subject to depletion
[2]	Expected to be reclassified from exploratory to properties subject to amortization in the first quarter of 2018.

Property and Equipment - Sche43

Property and Equipment - Schedule of Cost Incurred in Oil and Gas Properties (Details)	12 Months Ended
	Dec. 31, 2017USD ($)
Exploration and Development Costs	$ 1,951,647
Oil and Gas Properties [Member]
Acquisition Costs	10,252,568
Exploration and Development Costs	4,405,352
Disposition of Assets
Depreciation, Depletion, Amortization, and Impairment	(1,525,784)
Net cost Incurred in Oil and Gas Properties	13,132,136
Oil and Gas Properties [Member] | 2016 and Prior [Member]
Acquisition Costs	10,252,568
Exploration and Development Costs	1,181,421
Disposition of Assets
Depreciation, Depletion, Amortization, and Impairment
Net cost Incurred in Oil and Gas Properties	11,433,989
Oil and Gas Properties [Member] | 2017 [Member]
Acquisition Costs
Exploration and Development Costs	3,223,931
Disposition of Assets
Depreciation, Depletion, Amortization, and Impairment	(1,525,784)
Net cost Incurred in Oil and Gas Properties	$ 1,698,147

Property and Equipment - Sche44

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)		Dec. 31, 2017	Dec. 31, 2016
Fixed assets, net		$ 13,821	$ 18,339
Office Furniture, Equipment, and Other [Member]
Accumulated depreciation		(8,632)	(4,114)
Fixed assets, net		13,821	18,339
Computer Equipment and Fixtures [Member] | Office Furniture, Equipment, and Other [Member]
Properties and equipment, gross		22,453	22,453
Vehicle [Member] | Office Furniture, Equipment, and Other [Member]
Properties and equipment, gross
Support Facilities and Equipment [Member]
Accumulated depreciation		(31)
Construction in progress	[1]	22,087
Fixed assets, net		121,502	99,446
Support Facilities and Equipment [Member] | Tank [Member]
Properties and equipment, gross		30,000	30,000
Support Facilities and Equipment [Member] | Vehicle [Member]
Properties and equipment, gross		$ 69,446	$ 69,446
[1]	Facilities constructed in conjunction with drilling for our two exploratory horizontal wells in Uintah County, Utah.

Asset Retirement Obligation (De

Asset Retirement Obligation (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Asset Retirement Obligation Disclosure [Abstract]
Accretion expense	$ 11,668	$ 0

Asset Retirement Obligation - S

Asset Retirement Obligation - Schedule of Changes in Asset Retirement Obligations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Asset Retirement Obligation Disclosure [Abstract]
Beginning asset retirement obligations
Liabilities established	291,659
Accretion expense	11,668
Ending asset retirement obligations	$ 303,327

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	Nov. 17, 2017	Nov. 07, 2017	Sep. 29, 2017	Dec. 31, 2017	Dec. 31, 2016
Fair value of warrant		$ 3,381		$ 3,381
Debt discount amount				377,080
Warrant exercise price , description			The exercise price of these investor warrants was adjusted to $0.665 per share. We measured the value of the effect of the down round feature as the difference between the fair value of the financial instrument at an original exercise price of $1.50 and an adjusted exercise price of $0.665 and, as a result, $59,801 was recorded as down round feature as interest expense under ASC 260-10-30-1. Foothills determined the amount of $59,801 using the Black-Scholes option-pricing model
Warrants to purchase common stock		50,000	136,015
Warrant exercise price per share		$ 1	$ 1
Accrued interest				64,380
Interest expense				930,923	27,873
Gain on extinguishment of debt				48,407
Wilshire Energy Partners LLC [Member]
Warrants to purchase common stock			100,752
Accrued interest			$ 59,801
Volatility Rate [Member]
Fair value assumptions, measurement input, percentages	78.00%	77.00%	94.00%
Discount Rate [Member]
Fair value assumptions, measurement input, percentages	0.00%	0.00%	0.00%
Dividend Yield [Member]
Fair value assumptions, measurement input, percentages	0.00%	0.00%	0.00%
Expected Life [Member]
Fair value assumptions, measurement input, term	1 year 6 months	1 year 6 months	3 years
Tranche Three Warrant [Member]
Fair value of warrant			$ 105,000
Debt imputed interest			$ 2,536
Debt instrument interest rate			4.00%
Debt discount amount			$ 107,536	105,272
Unamortization of debt discount				2,264
Debt principal amount				$ 250,000
Tranche Three Warrant [Member] | Volatility Rate [Member]
Fair value assumptions, measurement input, percentages			94.00%
Tranche Three Warrant [Member] | Discount Rate [Member]
Fair value assumptions, measurement input, percentages			0.00%
Tranche Three Warrant [Member] | Dividend Yield [Member]
Fair value assumptions, measurement input, percentages			0.00%
Tranche Three Warrant [Member] | Expected Life [Member]
Fair value assumptions, measurement input, term			3 months 4 days
Tranche Three Warrant [Member] | Expected Life [Member] | Minimum [Member]
Fair value assumptions, measurement input, term			2 years
Tranche Three Warrant [Member] | Expected Life [Member] | Maximum [Member]
Fair value assumptions, measurement input, term			3 years

Notes Payable - Schedule of Out

Notes Payable - Schedule of Outstanding Amounts of Notes Payable (Details) - USD ($)		Dec. 31, 2017	Dec. 31, 2016
Total debt		$ 7,304,097	$ 6,000,000
Less: current maturities		7,304,097
Long-term debt, net of current maturities			6,000,000
Unsecured Note Payable One [Member]
Total debt	[1]
Unsecured Note Payable Two [Member]
Total debt	[2]	1,050,000
Unsecured Note Payable Three [Member]
Total debt	[3]	6,000,000	6,000,000
Less: unamortized discount of imputed interest	[3]	(114,268)
Unsecured Note Payable Four [Member]
Total debt	[4]	250,000
Less: unamortized discount of imputed interest	[4]	(2,264)
Unsecured Note Payable Five [Member]
Total debt	[5]	$ 120,629
[1]	On December 30, 2016, effective January 5, 2017, Foothills borrowed $1,000,000 from Full Wealth Investment Hong Kong Limited, a limited liability company organized under the laws of Hong Kong. The Company used net proceeds of this loan to satisfy certain obligations under a Purchase and Sale Agreement with Total Belief Limited, dated December 30, 2016, for general working capital and to support certain target drilling activities. On May 18, 2017, Full Wealth Investment Hong Kong Limited sold this note to Gold Class Limited, with accrued interest increased from 9% to 13.5% per annum for the life of the debenture. On June 1, 2017, Full Wealth Investment Hong Kong Limited acquired this note from Gold Class with a 60-day term and 10% interest per annum for the life of the debenture. On August 14, 2017, we repaid $1,000,000 in principal and $20,000 in accrued interest and reclassified the remaining accrued interest of $30,000 as a gain on extinguishment of debt.
[2]	Effective August 9, 2017, Foothills borrowed $1,050,000 from Profit Well Limited, a Hong Kong limited liability company. The Company executed a Bridge Note with an annual percentage interest rate of 13.5% and a maturity date of September 8, 2017. Proceeds of this Bridge Note were primarily used to repay Full Wealth for the debenture dated June 1, 2017. On November 3, 2017, Profit Well Limited agreed to defer repayment of this note to a later date and acknowledged that the Company is not in default regarding this Debenture. Profit Well Limited also reaffirmed its belief that the Company will either extend or repay the obligation to the satisfaction of Profit Well. As partial consideration for the deferment, the Company agreed to issue Profit Well Limited 100,000 shares of its restricted common stock, valued at $48,000. The issuance of the shares in exchange for the maturity extension was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 "Debt - Modifications and Extinguishments" ("ASC 470-50").
[3]	On December 30, 2016, in connection with the TBL acquisition (see Note 3 - Acquisitions), Foothills entered into a promissory note in the amount of $6,000,000. This note bears no interest during its term. The Company calculated and recorded $342,804 of imputed interest as debt discount.
[4]	On September 29, 2017, the Company issued to an unaffiliated investor a promissory note and three tranches of warrants for an aggregate consideration of $250,000. The Note recites that it accrues no interest if paid when due and is due and payable on January 2, 2018. If principal is not paid on or before maturity, interest will accrue at the rate of 15% per year until paid. On November 6, 2017, the Company agreed to compensate the investor 75,000 shares of the Company's restricted common stock in connection with a more favorable term of a note entered with FirstFire Opportunity Fund, LLC. On December 30, 2017, the Company and the investor agreed to extend the maturity date of this Note to January 23, 2018, in return for a payment at maturity of the principal, accrued interest as provided in the Note, plus 30,000 shares of the Company's restricted common stock. Because the fair value of the shares was greater than 10% of the present value of the remaining cash flows under the Note, the issuance of the shares in connection with a more favorable term of a note entered with FirstFire Opportunity Fund, LLC. was treated as a debt extinguishment and reissuance of a new debt instrument pursuant to the guidance of ASC 470-50 "Debt - Modifications and Extinguishments" ("ASC 470-50"). Since January 23, 2018, the Company and the investor have been in ongoing discussions to extend the term of this Note. On March 28, 2018, the investor acknowledged that the Company is not in default regarding this Note and reaffirmed its belief that the Company will either extend the Note's due date or repay its obligation on terms that are mutually satisfactory. The warrants have the following terms: 375,000 warrants to purchase 375,000 shares of common stock of the Company at a strike price of $0.665 per share expiring on September 29, 2019; 375,000 warrants to purchase 375,000 shares of common stock of the Company at a strike price of $1.25 per share expiring on September 29, 2020; and 185,000 warrants to purchase 185,000 shares of common stock of the Company at a strike price of $2.00 per share expiring on September 29, 2020.
[5]	A promissory note was issued on November 1, 2017, for services rendered, bearing an interest rate of 12% per annum and with a maturity date of June 30, 2018.

Notes Payable - Schedule of O49

Notes Payable - Schedule of Outstanding Amounts of Notes Payable (Details) (Parenthetical) - USD ($)

Dec. 30, 2017

Nov. 06, 2017

Nov. 03, 2017

Nov. 02, 2017

Sep. 29, 2017

Sep. 29, 2017

Aug. 14, 2017

Aug. 09, 2017

Dec. 30, 2016

Dec. 31, 2017

Dec. 31, 2016

Nov. 07, 2017

Jun. 01, 2017

May 18, 2017

Jan. 05, 2017

Accrued interest

$ 64,380

Gain on extinguishment of debt

48,407

Debt discount amount

377,080

Warrants to purchase common stock

136,015

136,015

50,000

Warrant exercise price per share

$ 1

$ 1

$ 1

Tranche Three Warrant [Member]

Debt instrument interest rate

4.00%

4.00%

Debt principal amount

250,000

Debt discount amount

$ 107,536

$ 105,272

Unsecured Note Payable One [Member]

Debt instrument interest rate

9.00%

9.00%

Debt maturity date

May 6, 2017

May 6, 2017

Unsecured Note Payable One [Member] | Full Wealth Investment Hong Kong Limited [Member]

Debt instrument interest rate

10.00%

Debt principal amount

$ 1,000,000

$ 1,000,000

Accrued interest

20,000

Gain on extinguishment of debt

$ 30,000

Unsecured Note Payable One [Member] | Full Wealth Investment Hong Kong Limited [Member] | Minimum [Member]

Debt instrument interest rate

9.00%

Unsecured Note Payable One [Member] | Full Wealth Investment Hong Kong Limited [Member] | Maximum [Member]

Debt instrument interest rate

13.50%

Unsecured Note Payable Two [Member]

Debt instrument interest rate

13.50%

13.50%

Debt maturity date

Sep. 8, 2017

Sep. 8, 2017

Unsecured Note Payable Two [Member] | Profit Well Limited, Hong Kong Limited [Member]

Debt instrument interest rate

13.50%

Debt maturity date

Sep. 8, 2017

Debt principal amount

$ 1,050,000

Number of restricted stock award issued

100,000

Value of restricted stock award issued

$ 48,000

Unsecured Note Payable Three [Member]

Debt instrument interest rate

0.00%

0.00%

Debt maturity date

Jun. 30, 2018

Jun. 30, 2018

Imputed interest rate

0.04

0.04

Unsecured Note Payable Three [Member] | Total Belief Limited [Member]

Debt principal amount

$ 6,000,000

Debt discount amount

$ 342,804

Unsecured Note Payable Four [Member]

Debt instrument interest rate

0.00%

0.00%

Debt maturity date

Jan. 2, 2018

Jan. 2, 2018

Imputed interest rate

0.04

0.04

Unsecured Note Payable Four [Member] | Unaffiliated Investor [Member] | Tranche One Warrant [Member]

Warrants to purchase common stock

375,000

375,000

Warrant exercise price per share

$ 0.665

$ 0.665

Warrant maturity date

Sep. 29, 2019

Unsecured Note Payable Four [Member] | Unaffiliated Investor [Member] | Tranche Two Warrant[Member]

Warrants to purchase common stock

375,000

375,000

Warrant exercise price per share

$ 1.25

$ 1.25

Warrant maturity date

Sep. 29, 2020

Unsecured Note Payable Four [Member] | Unaffiliated Investor [Member] | Tranche Three Warrant [Member]

Warrants to purchase common stock

185,000

185,000

Warrant exercise price per share

$ 2

$ 2

Warrant maturity date

Sep. 29, 2020

Unsecured Note Payable Four [Member] | Unaffiliated Investor [Member] | Promissory Note Three Tranches of Warrants [Member]

Debt instrument interest rate

15.00%

15.00%

Debt maturity date

Jan. 23, 2018

Jan. 2, 2018

Number of restricted stock award issued

30,000

75,000

Aggregate consideration of warrants

$ 250,000

$ 250,000

Unsecured Note Payable Four [Member] | Maximum [Member] | Unaffiliated Investor [Member] | Promissory Note Three Tranches of Warrants [Member]

Debt instrument interest rate

10.00%

Unsecured Note Payable Five [Member]

Debt instrument interest rate

12.00%

12.00%

12.00%

Debt maturity date

Jun. 30, 2018

Jun. 30, 2018

Jun. 30, 2018

Notes Payable - Related Party50

Notes Payable - Related Party (Details Narrative) - USD ($)	Nov. 03, 2017	May 04, 2017	Dec. 31, 2017	Dec. 31, 2016	Jan. 05, 2017
Loan bear interest rate					9.00%
Debt default rate					11.00%
Interest expense			$ 166,438	$ 0
Berwin Trading Limited [Member]
Borrowed amount					$ 1,250,000
Percentage of beneficial ownership					20.00%
Debt instrument, maturity date		Jun. 20, 2017
Number of restricted stocks issued	100,000
Number of restricted stocks issued, value	$ 48,000
Berwin Trading Limited [Member] | Minimum [Member]
Debt instrument interest rate		9.00%
Berwin Trading Limited [Member] | Maximum [Member]
Debt instrument interest rate		13.50%

Notes Payable - Related Party -

Notes Payable - Related Party - Schedule of Notes Payable - Related Party (Details) - USD ($)		Dec. 31, 2017	Dec. 31, 2016
Total debt		$ 1,250,000
Less: current maturities		1,250,000
Long-term debt, net of current maturities
Unsecured Note Payable [Member]
Total debt	[1]	$ 1,250,000
[1]	Effective January 5, 2017, Foothills borrowed $1,250,000 from Berwin Trading Limited that, due to its 20% beneficial ownership in the Company, is a related party. This note called for interest at 9% per annum; but because it was not paid when due interest was to have accrued at a default rate of 11% from the due date of the note. The Company used net proceeds of this loan to satisfy certain obligations under a Purchase and Sale Agreement with Total Belief Limited, dated December 30, 2016, for general working capital and to support certain target drilling activities. See Note 3 - Acquisitions.

Notes Payable - Related Party52

Notes Payable - Related Party - Schedule of Notes Payable - Related Party (Details) (Parenthetical) - Unsecured Note Payable [Member]	12 Months Ended
	Dec. 31, 2017
Debt instrument interest rate	13.25%
Debt instrument, maturity date	May 5, 2017

Convertible Note Payable (Detai

Convertible Note Payable (Details Narrative)	Nov. 17, 2017USD ($)Integer$ / sharesshares	Nov. 07, 2017USD ($)$ / sharesshares	Sep. 29, 2017$ / sharesshares	May 10, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Warrants to purchase common stock | shares		50,000	136,015
Warrant exercise price per share | $ / shares		$ 1	$ 1
Warrant expiration date		May 7, 2019
Description on warrants					If the Company fails to pay the principal and accrued unpaid interest due and payable to Lender on or before the due date of the convertible note, then the Lender shall be provided the right to convert at either $0.665 per share or upon the same terms offered in FirstFire Opportunity Fund, LLC Notes conversion options.
Fair value of warrants		$ 3,381			$ 3,381
Proceeds from debt					300,000
Interest expense					930,923	27,873
Debt instrument incurred					49,071	$ 0
First Fire Opportunity Fund LLC [Member]
Debt instrument interest rate	8.00%
Debt instrument, maturity date	Aug. 17, 2018
Warrants to purchase common stock | shares	267,500
Warrant exercise price per share | $ / shares	$ 1
Fair value of warrants	$ 10,750
Debt instrument face amount	267,500
Proceeds from debt	$ 250,000
Warrant term	18 months
Conversion price | $ / shares	$ 0.665
Conversion percentage	50.00%
Trading days | Integer	20
Converted derivative value					$ 458,387
First Fire Opportunity Fund LLC [Member] | Restricted Common Stock [Member]
Warrants to purchase common stock | shares	60,000
Fair value of warrants	$ 18,250
Converted derivative value	288,964
Interest expense	$ 67,964
Volatility Rate [Member]
Fair value assumptions, measurement input, percentages	78.00%	77.00%	94.00%
Volatility Rate [Member] | First Fire Opportunity Fund LLC [Member]
Fair value assumptions, measurement input, percentages					77.00%
Volatility Rate [Member] | First Fire Opportunity Fund LLC [Member] | Restricted Common Stock [Member]
Fair value assumptions, measurement input, percentages	78.00%
Discount Rate [Member]
Fair value assumptions, measurement input, percentages	0.00%	0.00%	0.00%
Discount Rate [Member] | First Fire Opportunity Fund LLC [Member]
Fair value assumptions, measurement input, percentages					0.00%
Discount Rate [Member] | First Fire Opportunity Fund LLC [Member] | Restricted Common Stock [Member]
Fair value assumptions, measurement input, percentages	0.00%
Dividend Yield [Member]
Fair value assumptions, measurement input, percentages	0.00%	0.00%	0.00%
Dividend Yield [Member] | First Fire Opportunity Fund LLC [Member]
Fair value assumptions, measurement input, percentages					0.00%
Dividend Yield [Member] | First Fire Opportunity Fund LLC [Member] | Restricted Common Stock [Member]
Fair value assumptions, measurement input, percentages	0.00%
Expected Life [Member]
Fair value assumptions, measurement input, term	1 year 6 months	1 year 6 months	3 years
Expected Life [Member] | First Fire Opportunity Fund LLC [Member]
Fair value assumptions, measurement input, term					7 months 6 days
Expected Life [Member] | First Fire Opportunity Fund LLC [Member] | Restricted Common Stock [Member]
Fair value assumptions, measurement input, term	8 months 29 days
Common Stock [Member]
Warrants to purchase common stock | shares		50,000
Private Placement [Member]
Debt instrument, convertible date				May 10, 2018
Common stock selling price percentage				100.00%
Convertible Note Agreement [Member]
Borrowing from unrelated party				$ 50,000
Debt instrument interest rate				10.00%
Debt instrument, maturity date				May 10, 2018

Convertible Note Payable - Sche

Convertible Note Payable - Schedule of Convertible Note Payable (Details) - USD ($)		Dec. 31, 2017	Dec. 31, 2016
Total debt		$ 93,272
Less: unamortized debt discount on convertible notes	[1],[2]	(224,228)
Less: current maturities		93,272
Long-term debt, net of current maturities
Convertible Notes Payable [Member]
Total debt	[1]	50,000
Convertible Notes Payable One [Member]
Total debt	[2]	$ 267,500
[1]	On May 10, 2017, we entered into a convertible note agreement with an unrelated party, pursuant to which we borrowed $50,000 at an annual percentage rate of 10% with a term of 12 months, which is due on May 10, 2018. This note may, at the option of the lender, be converted at any time prior to September 7, 2017, into fully-paid, restricted and non-assessable shares of common stock of the Company at a price equal to 100% of the selling price of such common stock in a private placement to institutional and/or accredited investors initiated by the Company during thunder this convertible note until May 10, 2018. On November 7, 2017, the Company issued 50,000 warrants to purchase 50,000 shares of common stock of the Company at a strike price of $1.00 per share expiring on May 7, 2019. If the Company fails to pay the principal and accrued unpaid interest due and payable to Lender on or before the due date of the convertible note, then the Lender shall be provided the right to convert at either $0.665 per share or upon the same terms offered in FirstFire Opportunity Fund, LLC Note's conversion options. The relative fair value of warrant was determined to be $3,381 on November 7, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 77%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.5 years. The issuance of the warrants in exchange for the maturity extension was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 "Debt - Modifications and Extinguishments" ("ASC 470-50").
[2]	On November 17, 2017, the Company issued to FirstFire Opportunity Fund, LLC, an unaffiliated investor, a senior convertible promissory note in the principal amount of $267,500 and received proceeds of $250,000 before giving effect to certain transactional costs including legal fees. As part of this transaction the Company also issued (i) warrants having an 18-month term, to purchase 267,500 shares of the Company's common stock at an exercise price of $1.00 per share and (ii) 60,000 shares of the Company's restricted common stock. This note accrues interest of 8% per annum and is due and payable on August 17, 2018. The Note agreements give the lender the right to convert the loan amounts due into common stock at a conversion price of the lower of (i) $0.665 per share or (ii) 50% of the lowest per share market values during the twenty (20) trading days immediately preceding a conversion date. If the lowest traded price of the Common Stock is less than the Conversion Price on the date following the Conversion Date on which the Holder actually receives from the Company, then the Conversion Price shall be deemed to have been retroactively adjusted, as of the Conversion Date, to a price equal to 75% multiplied by the lowest closing price of the Common Stock on the Free Trading Shares Receipt Date. This note is secured by a personal guaranty from the Company's Executive Chairman, Kevin Sylla. The net proceeds of this note will be used for general corporate and working capital purposes. The aggregate relative fair value of warrant was determined to be $10,750 on November 17, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 78%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.5 year. Fair value of 60,000 shares of common stock was determined $18,250 using allocation of proceeds. The Company accounted for the conversion feature as a derivative valued at $288,964, of which $67,964 was expensed immediately to interest expense. $288,964 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 78%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.75 year. The aggregate value of the original debt discount, warrant, conversion feature and 60,000 shares of common stock of $267,500 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the Note or in full upon the conversion of the Note. As of December 31, 2017, Company accounted for the conversion feature as a derivative valued at $458,387 which was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 77%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.6 year.

Convertible Note Payable - Sc55

Convertible Note Payable - Schedule of Convertible Note Payable (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2017
Convertible Notes Payable [Member]
Debt instrument interest rate	10.00%
Debt instrument, maturity date	May 10, 2018
Convertible Notes Payable One [Member]
Debt instrument interest rate	8.00%
Debt instrument, maturity date	Aug. 16, 2018

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)

Dec. 30, 2017

Nov. 17, 2017

Nov. 07, 2017

Nov. 06, 2017

Nov. 03, 2017

Nov. 03, 2017

Sep. 29, 2017

Aug. 15, 2017

Jul. 10, 2017

Jun. 30, 2017

Jun. 15, 2017

May 31, 2017

May 15, 2017

Feb. 27, 2017

Feb. 15, 2017

Dec. 30, 2016

Aug. 15, 2016

Jun. 30, 2016

May 27, 2016

May 19, 2016

May 16, 2016

May 02, 2016

Apr. 01, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Number of shares granted

275,000

Number of shares issued

50,000

4,500,000

Number of shares issued, value

$ 270,000

$ 2,000,000

Forward stock split ratio

4:1 forward split of our shares of common stock.

Number of warrants to purchase common shares

50,000

Warrant exercise price per share

$ 1

$ 1

Common stock, par value

$ 0.0001

$ 0.0001

Strike price

$ 1

$ 3

Description on warrants

If the Company fails to pay the principal and accrued unpaid interest due and payable to Lender on or before the due date of the convertible note, then the Lender shall be provided the right to convert at either $0.665 per share or upon the same terms offered in FirstFire Opportunity Fund, LLC Notes conversion options.

Number of shares granted, value

$ 453,500

$ 10,312

Common stock, shares issued

14,900,627

13,779,612

Common stock, shares outstanding

14,900,627

13,779,612

Warrant expiration date

May 7, 2019

Fair value of warrants

$ 3,381

Number of stock option shares granted

1,600,000

450,000

Option expenses

$ 816,139

$ 0

Unamortized option expense

$ 17,869,818

Berwin Debenture [Member]

Number of shares issued

100,000

Number of shares issued, value

$ 48,000

Well Debenture [Member]

Number of shares issued

100,000

Number of shares issued, value

$ 48,000

Debenture [Member]

Number of shares issued

30,000

75,000

Number of shares issued, value

$ 9,900

$ 36,000

Convertible Promissory Note [Member]

Number of shares issued

60,000

Number of shares issued, value

$ 18,250

Senior Convertible Promissory Note [Member]

Debt principal amount

$ 267,500

$ 50,000

Volatility Rate [Member]

Fair value assumptions, measurement input, percentages

78.00%

77.00%

94.00%

Discount Rate [Member]

Fair value assumptions, measurement input, percentages

0.00%

0.00%

0.00%

Dividend Yield [Member]

Fair value assumptions, measurement input, percentages

0.00%

0.00%

0.00%

Expected Life [Member]

Fair value assumptions, measurement input, term

1 year 6 months

1 year 6 months

3 years

Warrants [Member]

Number of warrants to purchase common shares

267,500

Warrant term

18 months

Warrant exercise price per share

$ 1

$ 1.56

$ 2.32

Fair value of warrants

$ 10,750

$ 2,144

Warrants [Member] | Volatility Rate [Member]

Fair value assumptions, measurement input, percentages

78.00%

77.00%

120.00%

Warrants [Member] | Discount Rate [Member]

Fair value assumptions, measurement input, percentages

0.00%

0.00%

0.00%

Warrants [Member] | Dividend Yield [Member]

Fair value assumptions, measurement input, percentages

0.00%

0.00%

0.00%

Warrants [Member] | Expected Life [Member]

Fair value assumptions, measurement input, term

1 year 6 months

1 year 6 months

5 years

Securities Purchase Agreement [Member]

Number of shares issued

100,752

25,000

Number of shares issued, value

$ 25,000

Number of warrants to purchase common shares

300,752

Warrant exercise price per share

$ 0.665

$ 1.50

1.50

Warrant minimum exercisable term

3 years

Purchase price

$ 1

Strike price

$ 0.665

$ 0.665

Description on warrants

Each unit consisted of one share of the Company's common stock and one warrant to purchase a share of the Company's common stock

Interest expenses

$ 59,801

Mr. B.P. Allaire [Member] | Restricted Shares [Member]

Number of shares granted

150,000

30,000

Number of shares issued

150,000

Compensation expenses

$ 1,500

Wilshire Energy Partners LLC [Member]

Number of shares issued upon acquisition

4,500,000

Wilshire Energy Partners LLC [Member] | Warrants [Member]

Number of warrants to purchase common shares

700,000

Warrant term

5 years

Warrant minimum exercisable term

1 year

1 year

Warrant expiration date

Jun. 1, 2021

Wilshire Energy Partners LLC [Member] | Warrants One [Member]

Warrant exercise price per share

$ 1.25

Wilshire Energy Partners LLC [Member] | Warrants Two [Member]

Warrant exercise price per share

2

Wilshire Energy Partners LLC [Member] | Warrants Three [Member]

Warrant exercise price per share

$ 3

Berwin Trading Limited [Member]

Restricted stock unit value

$ 48,000

Berwin Trading Limited [Member] | Securities Purchase Agreement [Member]

Number of shares issued

3,007,519

Number of shares issued, value

$ 2,000,000

Purchase price

$ 0.665

Common stock, par value

$ 0.0001

Total Belief Limited [Member]

Number of shares issued

2,083,334

Number of shares issued, value

$ 3,812,500

Purchase price

$ 1.83

Mr. Ritchie Lanclos [Member]

Number of shares vested

100,000

Mr. Ritchie Lanclos [Member] | Restricted Stock Units (RSUs) [Member]

Number of restricted shares issued

100,000

Number of shares vested

20,000

20,000

60,000

Restricted shares purchase price

$ 0.665

Restricted stock unit value

$ 67,000

Mr.Eleazar Ovalle [Member]

Number of shares vested

100,000

Mr.Eleazar Ovalle [Member] | Restricted Stock Units (RSUs) [Member]

Number of restricted shares issued

100,000

Number of shares vested

60,000

20,000

20,000

Restricted shares purchase price

$ 0.665

Restricted stock unit value

$ 67,000

Director One [Member] | First Option [Member]

Description of vesting period

vesting when the Company achieves and maintains a total average daily production level of 100 barrels of oil equivalent per day (“"BOE/D"”) for at least 30 days.

Strike price

$ 2

Number of stock option shares granted

50,000

Director Two [Member] | Second Option [Member]

Description of vesting period

vesting when the Company achieves and maintains a total average daily production level of 200 BOE/D for at least 60 days.

Strike price

$ 3

Number of stock option shares granted

50,000

Director Three [Member] | Third Option [Member]

Description of vesting period

vesting when the Company achieves and maintains a total average daily production level of 500 BOE/D for at least 90 days.

Strike price

$ 4

Number of stock option shares granted

50,000

Foothills Petroleum Inc [Member]

Number of acquired shares pre-split

14,100,000

14,100,000

Percentage of voting interest acquired by parent

96.00%

Number of acquired shares pre-split, value

$ 316,035

Number of acquired shares post-split

56,400,000

56,400,000

Number of shares retained after post-split

2,360,000

Foothills Petroleum Inc [Member] | Share Exchange Agreement [Member]

Number of shares issued upon acquisition

6,003,759

6,003,759

Wilshire Energy Partners LLC [Member] | Warrants One [Member]

Number of warrants to purchase common shares

100,000

Warrant exercise price per share

$ 1.25

Wilshire Energy Partners LLC [Member] | Warrants Two [Member]

Number of warrants to purchase common shares

200,000

Warrant exercise price per share

$ 2

Wilshire Energy Partners LLC [Member] | Warrants Three [Member]

Number of warrants to purchase common shares

400,000

Warrant exercise price per share

$ 3

Wilshire Energy Partners LLC [Member] | Warrants [Member]

Warrant expiration date

Jun. 1, 2021

Wilshire Energy Partners LLC [Member] | Warrants One [Member]

Number of warrants to purchase common shares

100,000

Warrant exercise price per share

$ 1.25

Wilshire Energy Partners LLC [Member] | Warrants Two [Member]

Number of warrants to purchase common shares

200,000

Warrant exercise price per share

$ 2

Wilshire Energy Partners LLC [Member] | Warrants Three [Member]

Number of warrants to purchase common shares

400,000

Warrant exercise price per share

$ 3

Wilshire Energy Partners LLC [Member] | Share Exchange Agreement [Member]

Number of shares issued upon acquisition

4,500,000

Wilshire Energy Partners LLC [Member] | Securities Purchase Agreement [Member]

Number of shares issued

200,000

Number of shares issued, value

$ 200,000

Warrant exercise price per share

$ 1.50

Warrant minimum exercisable term

3 years

Purchase price

$ 1

Description on warrants

Each unit consisted of one share of the Company's common stock and one warrant to purchase a share of the Company's common stock

Alternus Capital Holdings Ltd. [Member] | Share Exchange Agreement [Member]

Number of shares issued upon acquisition

1,503,759

Zhuge Liang, LLC [Member] | Securities Purchase Agreement [Member]

Number of shares issued

10,075

20,000

Number of shares issued, value

$ 20,000

Number of warrants to purchase common shares

30,075

Warrant exercise price per share

$ 0.665

$ 1.50

Warrant minimum exercisable term

3 years

Purchase price

$ 1

Strike price

$ 0.665

Description on warrants

Each unit consisted of one share of the Company's common stock and one warrant to purchase one additional share of the Company's common stock

Subscription receivable

$ 10,000

Unrelated Party [Member] | Warrants [Member]

Warrant expiration date

Jun. 1, 2021

Unrelated Party [Member] | Warrants One [Member]

Number of warrants to purchase common shares

125,000

Warrant exercise price per share

$ 1.25

Unrelated Party [Member] | Warrants Two [Member]

Number of warrants to purchase common shares

100,000

Warrant exercise price per share

$ 2

Unrelated Party [Member] | Warrants Three [Member]

Number of warrants to purchase common shares

100,000

Warrant exercise price per share

$ 3

FirstFire Opportunity Fund, LLC [Member]

Warrant exercise price per share

$ 1

Strike price

$ 0.665

Debt principal amount

$ 267,500

FirstFire Opportunity Fund, LLC [Member] | Volatility Rate [Member]

Fair value assumptions, measurement input, percentages

77.00%

FirstFire Opportunity Fund, LLC [Member] | Discount Rate [Member]

Fair value assumptions, measurement input, percentages

0.00%

FirstFire Opportunity Fund, LLC [Member] | Dividend Yield [Member]

Fair value assumptions, measurement input, percentages

0.00%

FirstFire Opportunity Fund, LLC [Member] | Expected Life [Member]

Fair value assumptions, measurement input, term

7 months 6 days

Director One [Member]

Number of shares granted

125,000

Number of shares issued

125,000

Number of shares issued, value

$ 1,250

Director Two [Member]

Number of shares granted

125,000

Number of shares issued

125,000

Number of shares issued, value

$ 1,250

Two Directors [Member]

Description of vesting period

40% vesting ninety (90) days from the appointment date; (ii) 20% vesting one hundred eighty (180) days from the appointment date; (iii) 20% vesting two hundred seventy (270) days following the appointment date; (iv) 20% vesting three hundred sixty (360) days following the appointment date.

Number of shares issued

25,000

Third Party Investor [Member] | Securities Purchase Agreement [Member]

Number of shares issued

12,594

25,000

Number of shares issued, value

$ 25,000

Number of warrants to purchase common shares

37,594

Warrant term

3 years

Warrant exercise price per share

$ 0.665

$ 1.50

Purchase price

$ 1

Strike price

$ 0.665

Description on warrants

Each unit consisted of one share of the Company's common stock and one warrant to purchase one additional share of the Company's common stock

Third Party Investor [Member] | Securities Purchase Agreement [Member] | Volatility Rate [Member]

Fair value assumptions, measurement input, percentages

94.00%

Third Party Investor [Member] | Securities Purchase Agreement [Member] | Discount Rate [Member]

Fair value assumptions, measurement input, percentages

0.00%

Third Party Investor [Member] | Securities Purchase Agreement [Member] | Dividend Yield [Member]

Fair value assumptions, measurement input, percentages

0.00%

Third Party Investor [Member] | Securities Purchase Agreement [Member] | Expected Life [Member]

Fair value assumptions, measurement input, term

3 years

Officer and Director [Member] | Mr. Christopher Jarvis [Member]

Description of vesting period

vesting quarterly over two years commencing with the first quarter following the 90-day probationary period.

Strike price

$ 1.99

Number of stock option shares granted

400,000

Fair value of stock option

$ 616,055

Officer and Director [Member] | Mr. Christopher Jarvis [Member] | Volatility Rate [Member]

Fair value assumptions, measurement input, percentages

129.00%

Officer and Director [Member] | Mr. Christopher Jarvis [Member] | Discount Rate [Member]

Fair value assumptions, measurement input, percentages

0.00%

Officer and Director [Member] | Mr. Christopher Jarvis [Member] | Dividend Yield [Member]

Fair value assumptions, measurement input, percentages

0.00%

Officer and Director [Member] | Mr. Christopher Jarvis [Member] | Expected Life [Member]

Fair value assumptions, measurement input, term

5 years

Executive Chairman of the Board [Member] | Mr. Kevin Sylla [Member]

Description of vesting period

vesting quarterly over the term of three years.

Strike price

$ 1.99

Number of stock option shares granted

1,200,000

Fair value of stock option

$ 1,986,902

Executive Chairman of the Board [Member] | Mr. Kevin Sylla [Member] | Volatility Rate [Member]

Fair value assumptions, measurement input, percentages

129.00%

Executive Chairman of the Board [Member] | Mr. Kevin Sylla [Member] | Discount Rate [Member]

Fair value assumptions, measurement input, percentages

0.00%

Executive Chairman of the Board [Member] | Mr. Kevin Sylla [Member] | Dividend Yield [Member]

Fair value assumptions, measurement input, percentages

0.00%

Executive Chairman of the Board [Member] | Mr. Kevin Sylla [Member] | Expected Life [Member]

Fair value assumptions, measurement input, term

7 years

Common Stock - Schedule of Stoc

Common Stock - Schedule of Stock Warrant Activity (Details) - Warrants [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Number of Warrants Balance outstanding, at beginning	1,025,000
Number of Warrants Granted	1,658,515	1,025,000
Number of Warrants Exercised
Number of Warrants Cancelled or expired
Number of Warrants Balance outstanding, at end	2,683,515	1,025,000
Number of Warrants Exercisable, at end
Weighted Average Exercise Price Balance outstanding, at beginning	$ 2.32
Weighted Average Exercise Price, Granted	1.09	2.32
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Cancelled or expired
Weighted Average Exercise Price, Balance outstanding, at end	1.56	$ 2.32
Weighted Average Exercise Price, Exercisable, at end
Weighted Average Remaining Term Contractual, Balance outstanding, at beginning	4 years 5 months 1 day
Weighted Average Remaining Term Contractual, Granted	2 years 2 months 5 days	4 years 5 months 1 day
Weighted Average Remaining Term Contractual, Balance outstanding, at end	2 years 7 months 24 days	4 years 5 months 1 day

Common Stock - Schedule of St58

Common Stock - Schedule of Stock Option Activity (Details) - $ / shares	Nov. 07, 2017	Dec. 31, 2017	Dec. 31, 2016
Equity [Abstract]
Number of option outstanding beginning balance		450,000
Number of option granted		1,600,000	450,000
Number of option exercised
Number of option cancelled or expired
Number of option outstanding ending balance		2,050,000	450,000
Number of option exercisable ending balance
Weighted average exercise price beginning balance		$ 3
Weighted average exercise price	$ 1		3
Weighted average exercise price
Weighted average exercise price
Weighted average exercise price ending balance		2.21	$ 3
Weighted average exercise price exercisable ending balance
Weighted average remaining contractual term beginning balance		9 years 4 months 20 days
Weighted average remaining contractual term granted			9 years 4 months 20 days
Weighted average remaining contractual term ending balance		6 years 3 months 4 days	9 years 4 months 20 days

Other Related Party Transacti59

Other Related Party Transactions (Details Narrative) - USD ($)	Nov. 07, 2017	Sep. 29, 2017	Jul. 10, 2017	May 31, 2017	May 27, 2016	Dec. 24, 2015	Dec. 31, 2017	Apr. 05, 2017	Dec. 31, 2016	Dec. 30, 2016	Apr. 05, 2016
Number of shares issued	50,000						4,500,000
Number of shares issued, value							$ 270,000		$ 2,000,000
Warrant exercisable price	$ 1	$ 1
Common stock, shares outstanding							14,900,627		13,779,612
Number of warrants to purchase common stock	50,000
Wilshire Energy Partners [Member]
Purchase price		$ 0.665
Common stock, shares outstanding		100,752
Number of warrants to purchase common stock		300,752
Securities Purchase Agreement [Member]
Number of shares issued		100,752	25,000
Number of shares issued, value			$ 25,000
Warrant exercisable price		$ 0.665	$ 1.50				$ 1.50
Number of warrants to purchase common stock		300,752
Securities Purchase Agreement [Member] | Wilshire Energy Partners [Member]
Number of shares issued				200,000
Purchase price				$ 1
Number of shares issued, value				$ 200,000
Warrant exercisable price							$ 1.50
Purchase and Sale Agreement [Member] | Wilshire Energy Partners [Member]
Related party payable										$ 10,600
Alternus Capital Holdings Ltd. [Member]
Original debt converted amount					$ 1,000,000
Number of shares issued upon conversion					1,503,759
Percentage of beneficial owner					10.00%
Alternus Capital Holdings Ltd. [Member] | Convertible Notes Payable One [Member]
Debt principal amount						$ 600,000					$ 400,000
Description of debt maturity						The two-year note originally matured on December 23, 2017
Debt instrument interest rate						8.00%
Debt conversion price						$ 0.665
Description of agreement								Under the agreements between Alternus and Foothills, Alternus had the right but not the obligation to subscribe for an aggregate of up to $3,500,000 of convertible notes, which, in the event of that full subscription, would convert into not less than 30% of the then outstanding shares of the "public" company.

Commitments and Contingencies60

Commitments and Contingencies (Details Narrative) - USD ($)

Dec. 18, 2017

Nov. 14, 2017

Nov. 07, 2017

Oct. 24, 2017

Sep. 29, 2017

Sep. 25, 2017

Sep. 18, 2017

Sep. 11, 2017

May 01, 2017

Oct. 05, 2016

Dec. 31, 2017

Dec. 31, 2016

Rental expenses

$ 1,649

$ 0

Payment for rent

1,649

Amount of claim

$ 205,251

$ 72,495

Gain on extinguishment of debt

48,407

Settlement amount to other parties

$ 54,937

Pre-judgement interest

$ 5,248

$ 29,861

Description of allegation

Peak Well Service, LLC (“Peak”), filed mechanics and materialman’s liens against the Wilkins, Rust 2 Well, Dye Hall 2, Rust 3, and Josie 1 wells operated by TEO for unpaid accounts in connection with work on these wells

Attorney's fees

$ 2,500

Interest rate per month

1.50%

Payment of diem rate

$ 104

Contingent liabilities

145,970

0

Labokay Test Well [Member]

Amount of claim

$ 35,981

$ 53,944

January 16, 2018 [Member]

Settlement amount to other parties

205,251

Pre-judgement interest

29,861

January 25, 2018 [Member]

Settlement amount to other parties

35,981

Tiger Energy Operating, LLC [Member] | SCI Welding and Oilfield Service [Member]

Amount of claim

53,407

Settlement amount

$ 35,000

Gain on extinguishment of debt

18,407

Graco Fishing [Member]

Settlement amount

159,965

Uintah County [Member]

Amount of claim

$ 49,689

Canal Petroleum Products, Inc [Member] | Lafayette Parish, Louisiana [Member]

Pre-judgement interest

5,002

Attorney's fees

$ 8,239

Interest rate per annum

18.00%

Debt instrument principal amount

$ 32,956

Smith International, Inc [Member] | Lafayette Parish, Louisiana [Member]

Amount of claim

$ 30,244

Pre-judgement interest

868

Smith International, Inc [Member] | Lafayette Parish, Louisiana [Member] | March 23, 2018 [Member]

Settlement amount

$ 30,244

Interest rate per annum

18.00%

M-I, L.L.C. d/b/a MI-SWACO [Member] | Lafayette Parish, Louisiana [Member]

Amount of claim

51,275

Pre-judgement interest

$ 1,538

M-I, L.L.C. d/b/a MI-SWACO [Member] | Lafayette Parish, Louisiana [Member] | March 23, 2018 [Member]

Settlement amount

$ 51,275

Interest rate per month

1.50%

Schlumberger Technology Corporation [Member] | Lafayette Parish, Louisiana [Member]

Amount of claim

$ 28,904

Contingent liabilities

$ 305,935

$ 213,372

Schlumberger Technology Corporation [Member] | Lafayette Parish, Louisiana [Member] | March 23, 2018 [Member]

Settlement amount

$ 28,904

Interest rate per month

1.50%

Through September 23, 2020 [Member]

Payment for rent

$ 135

April 27, 2018 [Member] | Graco Fishing And Rental Tools, Inc. [Member] | Settlement Agreement [Member]

Sales installment payments

163,965

May 9, 2018 [Member] | Graco Fishing And Rental Tools, Inc. [Member] | Settlement Agreement [Member]

Sales installment payments

July 9, 2018 [Member] | Graco Fishing And Rental Tools, Inc. [Member] | Settlement Agreement [Member]

Sales installment payments

32,793

September 9, 2018 [Member] | Graco Fishing And Rental Tools, Inc. [Member] | Settlement Agreement [Member]

Sales installment payments

32,793

November 9, 2018 [Member] | Graco Fishing And Rental Tools, Inc. [Member] | Settlement Agreement [Member]

Sales installment payments

32,793

January 9, 2019 [Member] | Graco Fishing And Rental Tools, Inc. [Member] | Settlement Agreement [Member]

Sales installment payments

32,793

July 19, 2018 [Member] | Graco Fishing And Rental Tools, Inc. [Member] | Settlement Agreement [Member]

Sales installment payments

32,793

January 22, 2018 [Member] | Adams County [Member]

Settlement amount

72,495

Sales installment payments

196

Settlement amount to other parties

103,578

Pre-judgement interest

12,763

Attorney's fees

$ 18,124

Percentage of post-judgement interest

8.00%

Denver Office Space [Member]

Payment for rent

$ 47,821

Houston Office Space [Member]

Payment for rent

$ 6,894

Denver, Colorado [Member]

Lease maturity date

Jul. 31, 2020

Rental expenses

$ 10,051

Houston, Texas [Member]

Payment for rent

$ 2,298

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Contractual Lease Obligations (Details)	Dec. 31, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,018	$ 123,668
2,019	125,816
2,020	74,347
2021 and thereafter
Total	$ 323,831

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income tax corporate percentage	34.00%	0.00%
Deferred tax assets, operating loss carryforwards, federal and state	$ 21,793,316	$ 667,150
Tax carryforwards description	expire through 2037
Tax Reform Bill [Member]
Income tax corporate percentage	21.00%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Net operating loss carryforward	$ (2,029,437)	$ (671,362)
Stock based compensation	40,248	3,931
Fair value of options	195,873	281
Total deferred tax assets	(1,793,316)	(667,150)
Valuation allowance	1,793,316	667,150
Net deferred tax asset

Income Taxes - Schedule of Fede

Income Taxes - Schedule of Federal Statutory Rate and Effective Tax Rate (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
U.S federal statutory income tax	(34.00%)	(34.00%)
State tax, net of federal tax benefit	(5.80%)	(5.80%)
Stock based compensation	0.00%	0.00%
Change in valuation allowance	39.80%	39.80%
Effective tax rate	34.00%	0.00%

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	Feb. 28, 2018USD ($)shares	Nov. 03, 2017USD ($)shares	May 04, 2017	Jun. 30, 2018USD ($)shares	Jun. 30, 2018USD ($)Integer	Jan. 23, 2018	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Convertible notes payable							$ 93,272
Berwin Trading Limited [Member]
Debt instrument maturity date			Jun. 20, 2017
Number of restricted stocks issued | shares		100,000
Number of restricted stocks issued, value		$ 48,000
Subsequent Event [Member]
Number of non-operated exploratory wells | Integer					2
Percentage of working interest					21.62%
Percentage of net revenue interest					17.10%
Subsequent Event [Member] | 0% unsecured note payable due January 2, 2018 [Member] | Investor [Member]
Debt instrument interest rate						0.00%
Subsequent Event [Member] | 8% Convertible Note Payable Due January 2, 2018 [Member] | Investor [Member]
Debt instrument interest rate				8.00%	8.00%
Number of restricted stocks issued | shares				150,000
Convertible notes payable				$ 229,025	$ 229,025
Number of restricted stocks issued, value				18,000
Repayments of debt				$ 100,000
Subsequent Event [Member] | Profit Well Limited [Member] | 13.5% Unsecured Note Payable due September 8, 2017 [Member]
Debt instrument interest rate	13.50%
Debt instrument maturity date	Jun. 30, 2018
Number of restricted stocks issued | shares	200,000
Debt instrument penalty payment	$ 100,000
Number of restricted stocks issued, value	$ 100,000
Subsequent Event [Member] | Berwin Trading Limited [Member] | 13.25% Unsecured Note Payable due May 5, 2017 [Member]
Debt instrument interest rate	13.25%
Debt instrument penalty payment	$ 125,000
Subsequent Event [Member] | Berwin Trading Limited [Member] | 13.25% Unsecured Note Payable due May 5, 2017 [Member]
Debt instrument maturity date	Jun. 30, 2018
Number of restricted stocks issued | shares	250,000
Number of restricted stocks issued, value	$ 100,000

Supplemental Oil and Gas Rese66

Supplemental Oil and Gas Reserve Information (Unaudited) (Details Narrative)	12 Months Ended
	Dec. 31, 2017
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Percentage of discounted rate	10.00%

Supplemental Oil and Gas Rese67

Supplemental Oil and Gas Reserve Information (Unaudited) - Schedule of Results of Operations from Oil and Gas Producing Activities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Sales of oil and gas production to third parties	$ 155,161
Oil and gas lease operating expense	(252,753)
Depletion, depreciation, amortization, accretion, and impairment expense	(1,525,784)
Income tax
Results of operations	$ (1,623,376)

Supplemental Oil and Gas Rese68

Supplemental Oil and Gas Reserve Information (Unaudited) - Schedule of Capitalized Costs (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Unproved properties not being amortized	$ 2,509,274	$ 1,181,421
Proved properties subject to amortization	10,762,380	10,352,014
Accumulated depreciation, depletion, and amortization	(18,016)
Net capitalized costs	$ 13,253,638	$ 11,533,435

Supplemental Oil and Gas Rese69

Supplemental Oil and Gas Reserve Information (Unaudited) - Schedule of Costs Incurred in Property Acquisition, Exploration and Development Activities (Details)	12 Months Ended
	Dec. 31, 2017USD ($)
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Proved acreage	$ 18,653
Producing assets	580,158
Incomplete construction	1,501,369
Exploration costs	(148,533)
Development costs
Net capitalized costs	$ 1,951,647

Supplemental Oil and Gas Rese70

Supplemental Oil and Gas Reserve Information (Unaudited) - Schedule of Estimated Quantities of Oil and Natural Gas Reserves (Details)	12 Months Ended
	Dec. 31, 2017McfMBbls	Dec. 31, 2016McfMBbls
Crude Oil [Member]
Beginning, total proved reserves	1,622
Purchases of minerals in place
Sales of minerals in place
Extensions and discoveries	4,174
Revisions of previous estimates	(1,620)
Production	(2)
End of period, total proved reserves	4,174	1,622
Proved developed producing
Proved developed nonproducing
End of period, proved developed reserves	4,174
Total proved undeveloped	4,174
Natural Gas [Member]
Beginning, total proved reserves | Mcf	811
Purchases of minerals in place | Mcf		811
Sales of minerals in place | Mcf
Extensions and discoveries | Mcf	8,353
Revisions of previous estimates | Mcf	(811)
Production | Mcf
End of period, total proved reserves | Mcf	8,353	811
Proved developed producing | Mcf
Proved developed nonproducing | Mcf		97
End of period, proved developed reserves | Mcf	8,353	811
Total proved undeveloped | Mcf	8,353	714
Crude Oil [Member]
Beginning, total proved reserves	1,622
Purchases of minerals in place		1,622
Sales of minerals in place
Extensions and discoveries
Revisions of previous estimates
Production
End of period, total proved reserves		1,622
Proved developed producing
Proved developed nonproducing		193
End of period, proved developed reserves		1,622
Total proved undeveloped		1,429

Supplemental Oil and Gas Rese71

Supplemental Oil and Gas Reserve Information (Unaudited) - Schedule of Standardized Measure of Discounted Future Net Cash Flows (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Future cash inflows	$ 268,949,000	$ 74,093,600
Future production costs	(103,926,000)	(17,313,400)
Future development costs	(48,000,000)	(19,750,000)
Future income tax expense	(23,275,919)	(12,590,268)
Future net cash flows	93,747,081	24,439,932
10% annual discount for estimated timing of cash flow	(68,046,395)	(14,908,800)
Standard measure of discounted future net cash flows related to proved reserves	$ 25,700,686	$ 9,531,132

Supplemental Oil and Gas Rese72

Supplemental Oil and Gas Reserve Information - Schedule of Standardized Measure of Discounted Future Net Cash Flows (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2017
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Annual discount percentage	10.00%

Supplemental Oil and Gas Rese73

Supplemental Oil and Gas Reserve Information (Unaudited) - Schedule of Changes in the Standardized Measure of the Future Net Cash Flows(Details)	12 Months Ended
	Dec. 31, 2017USD ($)
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Balance, beginning of period	$ 9,531,132
Sales and transfers of oil and gas produced during the period	97,592
Sales of minerals in place
Purchases of minerals in place
Net change in sales price, net of production costs	(4,564,023)
Net changes due to extensions and discoveries	50,755,047
Changes in estimated future development costs	(25,709,147)
Previously estimated development costs incurred during the period
Net change due to revisions in quantity estimates	(16,007,121)
Other	11,284,522
Accretion of discount	3,599,200
Net change in income tax	(3,286,516)
Balance, end of period	$ 25,700,686