Foothills Exploration (FTXP) 10-K 16 Apr 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Apr. 12, 2019	Jun. 30, 2018
Document And Entity Information
Entity Registrant Name	FOOTHILLS EXPLORATION, INC.
Entity Central Index Key	0001503458
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Public Float			$ 4,514,022
Entity Common Stock, Shares Outstanding		23,610,738
Trading Symbol	FTXP
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2018

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 1,139	$ 555
Restricted cash	120,000	240,000
Accounts receivable - trade	10,090	747
Accounts receivable - oil and gas		31,924
Prepaid expenses	6,086	14,721
Total current assets	137,315	287,947
Oil and gas properties, full cost accounting
Properties not subject to amortization	106,299	2,457,218
Properties subject to amortization, net	12,036,804	10,674,918
Support facilities and equipment, net	284,157	121,502
Net oil and gas properties	12,427,260	13,253,638
Property and equipment, net	6,337	13,821
Other assets:
Surety and performance bonds	145,000	295,000
Total assets	12,715,912	13,850,406
Current liabilities:
Accounts payable and accrued liabilities	4,320,261	3,053,050
Accounts payable - related party	794,529	362,714
Deferred rent		14,487
Accrued interest	375,232	64,380
Accrued interest - related party	760,188	166,438
Notes payable	1,595,697	1,418,365
Notes payable - related party	7,250,000	7,135,732
Convertible note payable, net	181,637	93,272
Derivative liabilities	661,320	458,387
Other liabilities	282,676	305,935
Total current liabilities	16,221,540	13,072,760
Long-term liabilities:
Asset retirement obligation	340,117	303,327
Convertible note payable, net	32,898
Total liabilities	16,594,555	13,376,087
Commitment and Contingencies
Stockholders' (Deficit) 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; 22,075,738 and 14,900,627 shares issued and outstanding, respectively	2,208	1,490
Stock payable		93,900
Additional paid in capital	11,173,120	8,847,394
Accumulated deficit	(15,053,971)	(8,468,465)
Total stockholders' (deficit) equity	(3,878,643)	474,319
Total Liabilities and Stockholders' (Deficit) Equity	$ 12,715,912	$ 13,850,406

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
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	22,075,738	14,900,627
Common stock, shares outstanding	22,075,738	14,900,627

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Revenue	$ 2,567,438	$ 155,161
Operating expenses
Lease operating expense	1,648,155	252,753
Selling, general and administrative expense	2,719,863	3,808,067
Depreciation, depletion, amortization and accretion expense	434,073	34,232
Impairment of oil and gas properties	2,474,714	1,507,768
Total operating expenses	7,276,805	5,602,820
Loss from operations	(4,709,367)	(5,447,659)
Other income (expenses):
Interest expense	(2,247,011)	(930,923)
Other income	45,407	5,727
Change in derivative	50,619	(169,423)
Loss on extinguishment of debt	274,846	48,407
Total other income (expenses)	(1,876,139)	(1,046,212)
Net loss	$ (6,585,506)	$ (6,493,871)
Net loss per share - basic and diluted	$ (0.39)	$ (0.45)
Weighted average common shares - basic and diluted	16,992,461	14,418,719

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, 2016		$ 1,378	$ 6,924,810	$ 51,397	$ (1,974,594)	$ 5,002,991
Balance, shares at Dec. 31, 2016		13,779,612
Common stock issued for cash		$ 41	269,959			$ 270,000
Common stock issued for cash, shares		406,015				275,000
Common stock issued for services		$ 27	453,473			$ 453,500
Common stock issued for services, shares		275,000				275,000
Common stock issued for services (CEO,Dir)		$ 28	135,310	(51,397)		$ 83,941
Common stock 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			119,131			119,131
Imputed interest			2,536			2,536
Fair value of down-round feature on warrants			59,801			59,801
Net loss					(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
Common stock issued for services		$ 60	61,740			61,800
Common stock issued for services, shares		600,000
Common stock issued for services (CEO,Dir)		$ 384	774,353			774,737
Common stock issued for services (CEO,Dir), shares		3,836,111
Shares issued for inducement of note payable		$ 274	412,481	(93,900)		318,855
Shares issued for inducement of note payable, shares		2,739,000
Options issued for services			970,329			970,329
Fair value of warrants issued with note payable			106,823			106,823
Net loss					(6,585,506)	(6,585,506)
Balance at Dec. 31, 2018		$ 2,208	$ 11,173,120		$ (15,053,971)	$ (3,878,643)
Balance, shares at Dec. 31, 2018		22,075,738

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash Flows from Operating Activities
Net loss	$ (6,585,506)	$ (6,493,871)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation, depletion, amortization and accretion	434,073	34,232
Impairment of assets	2,474,714	1,507,768
Amortization of debt discount	572,386	377,080
Interest	459,923
Financing expenses on notes		71,345
Note payable issued for services		120,629
Fair value of down-round feature on warrants		59,801
Change in derivative value	(50,619)	169,423
Common stock and warrants issued for inducement of note extensions	153,775	141,900
Common stock and stock payable issued for services and fair value of options	1,032,129	1,353,581
Deferred rent	(14,487)	14,487
Gain on settlement of debt and contingent liabilities	(274,846)	(48,407)
Changes in operating assets and liabilities:
Accounts receivable	(9,343)	(32,671)
Surety and performance bonds	150,000
Prepaid expenses	8,635	34,419
Accounts payable and accrued liabilities	(325,649)	(1,246,683)
Accounts payable and accrued liabilities - related party	1,591,865	518,552
Other liabilities	9,534	110,970
Net cash used in operating activities	(373,416)	(3,307,445)
Cash Flows from Investing Activities
Payments for acquisition of oil and gas property		(613,377)
Net cash used investing activities		(613,377)
Cash Flows from Financing Activities
Proceeds from notes payable - related party		1,250,000
Repayment to notes payable		(1,000,000)
Proceeds from notes payable	102,000	2,300,000
Proceeds from convertible note payable	472,000	300,000
Repayment to convertible note payable	(320,000)
Proceeds from sales of common stock		270,000
Net cash provided by financing activities	254,000	3,120,000
Net increase in cash, cash equivalents and restricted cash	(119,416)	(800,822)
Cash, Cash Equivalents and Restricted Cash, beginning of period	240,555	1,041,377
Cash, Cash Equivalents and Restricted Cash, end of period	121,139	240,555
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	240,555	1,041,377
Restricted cash at beginning of period	240,000	240,000
Cash and cash equivalents and restricted cash at beginning of period	555	801,377
Cash and cash equivalents at end of period	121,139	240,555
Restricted cash at end of period	120,000	240,000
Cash and cash equivalents and restricted cash at end of period	1,139	555
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest		(20,000)
Cash paid for income taxes
Supplemental disclosures of cash flow information:
Accrued salary paid in shares	774,737
Asset retirement obligation	23,709	291,659
Debt discount	595,580	793,144
Note paid by issuance of note	(50,000)
Unpaid liabilities in acquisition of oil and gas property	2,038,135	2,683,785
Fixed assets transferred to oil and gas properties		(335,024)
Note payable issued for services		120,629
Fair value of warrants issued with note payable	106,823	119,131
Notes payable issued in settlement of contingent liability	32,793
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, 2018
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. 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, 2018, has a working capital deficit at December 31, 2018, of $16,084,225, 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

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2 - 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 the years ended December 31, 2018 and 2017, the Company had restricted cash of $120,000 and $240,000, respectively. 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. During July and August 2018, $120,000 was released to the Company when we finished reclamation of two wells. 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. The Company routinely assesses the collectability of all material trade and other receivables. 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, 2018, the company accrued $31,924 of net revenue receivable from EOG Resources, Inc. (“EOG”), the operator of two wells in which the Company has a 21.62% 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, 2018, those costs were $1,868,370. 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, 2018 and 2017: Carrying Fair Value Measurement at Value December 31, 2018 Level 1 Level 2 Level 3 Derivative assets, debt and equity instruments $ — $ — $ — $ — Derivative liabilities, debt and equity instruments 661,320 — — 661,320 F-9 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 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 606, which directs that it should recognize revenue when a customer obtains control of promised goods or services for an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. 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, 2018 2017 Numerator: Net income (loss) available to stockholders $ (6,585,506 ) $ (6,493,871 ) Basic net income allocable to participating securities (1) — — Income (loss) available to Foothills Exploration, Inc.’s stockholders $ (6,585,506 ) $ (6,493,871 ) Denominator: Weighted average number of common shares outstanding-Basic 16,992,461 14,418,719 Effect of dilutive securities: Options and warrants (2) — — Stock payable (3) — 205,000 Convertible notes (4) 19,504,517 1,800,532 Weighted average number of common shares outstanding-Diluted 36,496,978 16,424,251 Net income (loss) per share: Basic $ (0.39 ) $ (0.45 ) Diluted $ (0.18 ) $ (0.40 ) (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, 2018, “out of the money” stock options representing 2,050,000 shares and warrants representing 5,761,015 shares were antidilutive and, therefore, excluded from the diluted share calculation. For the year ended December 31, 2017, “out of the money” stock options representing 2,050,000 shares and warrants representing 2,783,515 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. (4) For the year ended December 31, 2018 and 2017, convertible notes representing 19,504,517 and 1,800,532 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 November 2016, the FASB issued ASC Update No. 2016-18 (Topic 230) Statement of Cash Flows – Restricted Cash (a consensus of the FASB Emerging Issues Task Force). The amendments in this update require that restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. Current GAAP does not include specific guidance on the cash flow classification and presentation of changes in restricted cash. The updated guidance is effective for interim and annual periods beginning after December 15, 2017 and is required to be applied using a retrospective transition method to each period presented. The Company implemented this guidance effective January 1, 2018. Implementing this guidance did not have a material impact on the Company’s statement of cash flows. 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. In June 2018, the FASB issued “ASU 2018-07 - Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting”. The amendments in this update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, Revenue from Contracts with Customers. The updated standard is effective for the Company beginning after December 15, 2018, including interim periods within that fiscal year. Early adoption of the new guidance is permitted, but no earlier than an entity’s adoption date of Topic 606. The Company does not expect that the adoption of this standard will have a material effect on its consolidated financial statements.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 3 – Property and Equipment Oil and Gas Properties The Company’s oil and gas properties at December 31, 2018 and 2017 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, 2018 and December 31, 2017 are set forth below in the following table: December 31, 2018 December 31, 2017 Unproved leasehold (1) $ 106,299 $ 977,936 Proved leasehold 11,915,695 10,094,760 Properties subject to depletion, net of depletion 121,110 580,158 Exploratory wells – construction-in-progress (1) (2) - 1,479,282 Total $ 12,143,103 $ 13,132,136 (1) Not subject to depletion; (2) Reclassified from exploratory to properties subject to amortization at December 31, 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 2018 — 1,897,502 (2,886,535 ) 989,033 Total $ 10,252,568 $ 6,302,854 $ — $ (4,412,319 ) $ 12,143,103 ● In 2017, the Company acquired a 21.62% non-operated working interest with a 17.1% net revenue interest in two exploratory horizontal gas wells in the Uinta Basin from an undisclosed party, and the Company incurred $1,479,282 in well costs. During the year ended December 31, 2018, the company incurred an additional $1,868,370 of well costs. At December 31, 2018, the Company’s share total costs for drilling and completing the two wells was $3,347,776. Although these wells produced economic quantities of natural gas liquids and residue gas through December 31, 2017, well completion activities were completed during the year ended December 31, 2018, so costs were reclassed from construction-in-progress and to proved properties subject to depletion through December 31, 2018. As of December 31, 2018, we recorded impairment expense of $1,521,776 for the amount exceed ceiling test limitation. ● In 2017, the Company 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. During the year ended December 31, 2017, we incurred costs of $1,209,675 in the drilling of this well and $1,352,982 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. ● In 2017, the Company worked over two Duck Creek wells obtaining production from the Green River formation. We incurred $79,989 in capitalized workover costs associated with these wells. The wells require additional workover and were shut-in in July 2017. The Company recorded asset retirement costs of $291,659 related to Duck Creek wells. During the year ended December 31, 2018, we incurred $8,821 in capitalized workover costs associated with these wells. As of December 31, 2018, due to the Duck Creek wells subsequently becoming subject to a Sherriff’s sale stemming from a legal matter with our indirect subsidiary, the Duck Creek wells should be impaired to the extent of total intangible costs, which were capitalized for these properties during 2017 and 2018. Accordingly, the impairment expense for the period ending December 31, 2018 is $88,810. ● In 2017, the Company incurred costs of $22,691 for bonding, legal, title, engineering, geological and surveying in our Ladysmith project in Fremont County, Wyoming. ● In 2017, the Company incurred costs of $3,750 related to Springs Project. The Company allowed the BLM leases for the Springs project to expire without paying additional delay rental payments. The primary terms on these leases were due to expire in Q4 2018 and in the view of management it was not in the best interest of the Company to continue exploratory efforts on this speculative play. Management concluded that Company resources would be better redirected to continue seeking lower-risk acquisitions of producing oil and gas properties rather than take additional wildcat drilling risk on this prospect. The Company currently no longer owns the mineral rights for this project. As the result, the Company recognized impairment of oil and gas property in amount of $154,787, during the year ended December 31, 2017. During the year ended 31, 2018, the Company has decided to allow Ladysmith leases to expire without making further delay rental payments to the BLM, as the result we recorded impairment expense of $78,469. ● In 2017, the Company incurred costs of $100,191 for exploration and development efforts associated with the proved oil and gas assets in Utah, which were acquired on December 30, 2016, from Total Belief Limited, a wholly owned subsidiary of New Times Energy Corporation Limited. These assets include 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. In connection with the TBL acquisition, Foothills entered into a promissory note in the amount of $6,000,000. This note bears no interest during its term. The Company recorded ($342,804) of imputed interest as debt discount. Starting from July 1, 2018 the note bears 10% annual interest. During the year ended December 31, 2018, we incurred cost of $20,000 exploration and development efforts associated with these properties. ● In 2017, the Company incurred costs of $379,498 for exploration and development efforts associated with numerous unproved oil and gas properties in the Company’s geographic areas of interest, including farmout properties (Paw Paw and Ironwood) and numerous others that were being evaluated and considered for a prospective acquisition and/or farmout by the Company. During the year ended December 31, 2018, we incurred cost of $312 exploration and development efforts associated with these properties. As of December 31, 2018, the Company determined it is unlikely that it will be able to obtain enough production from this test well at the present time to warrant continued development. As the result we recorded $778,034 impairment expense of Pawpaw during the year ended December 31, 2018. ● In 2017, we recorded depreciation, depletion and amortization cost related to oil and gas properties of $18,017. During the year ended December 31, 2018, we recorded depreciation, depletion, amortization costs related to oil and gas properties of $411,821. 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, 2018 December 31, 2017 Tank $ 30,000 $ 30,000 Vehicle 69,446 69,446 Uinta Basin facilities 186,428 - Accumulated depreciation (1,717 ) (31 ) Construction in progress (1) - 22,087 Total support facilities and equipment, net $ 284,157 $ 121,502 (1) Facilities constructed in conjunction with drilling for our two exploratory horizontal wells in Uintah County, Utah, not subject to depreciation. During the months ended December 31, 2018, construction-in-progress was reclassified to Uinta Basin facilities and became eligible for depreciation upon the completion of the construction. The Company recognized depreciation expense of $1,686 and $31 during the years ended December 31, 2018 and 2017, respectively. Office Furniture, Equipment, and Other As of December 31, 2018 and 2017, office furniture, equipment, and other consisted of the following: December 31, 2018 December 31, 2017 Computer equipment and fixtures $ 22,453 $ 22,453 Accumulated depreciation (16,116 ) (8,632 ) Office furniture, equipment, and other, net $ 6,337 $ 13,821 During the years ended December 31, 2018 and 2017, we recorded depreciation expense of $7,484 and $8,632, respectively.

Asset Retirement Obligation

Asset Retirement Obligation	12 Months Ended
	Dec. 31, 2018
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	Note 4 – 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, 2018 and December 31, 2017. For the period ended December 31, 2018 December 31, 2017 Beginning asset retirement obligations $ 303,327 $ 291,659 Liabilities established 23,709 - Accretion expense 13,081 11,668 Ending asset retirement obligations $ 340,117 $ 303,327 Accretion expense for the years ended December 31, 2018 and 2017 was $13,081 and $11,668, respectively.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Notes Payable	Note 5 – Notes Payable A summary of the outstanding amounts of our notes payable as of December 31, 2018 and 2017 is as follows: December 31, 2018 December 31, 2017 9% unsecured note payable due May 6, 2017 (1) $ - $ - 13.5% unsecured note payable due September 8, 2017 (2) 1,050,000 1,050,000 0% unsecured note payable due January 2, 2018 (3) 250,000 250,000 12% unsecured note payable December 31, 2018 (4) 120,629 120,629 0% unsecured note payable due August 6, 2018 (5) 38,000 - 9% unsecured note payable due December 15, 2018(6) 100,000 - 8% unsecured note payable due October 22, 2018(7) 50,000 - Less: unamortized discount (12,932 ) (2,264 ) Total debt $ 1,595,697 $ 1,418,365 Less: current maturities 1,595,697 1,418,365 Long-term debt, net of current maturities $ - $ - At December 31, 2018, 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”). 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 valued at $46,700. 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”). 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. On June 30, 2018, we recorded $100,000 penalty as additional interest payable. The penalty payment was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments” (“ASC 470-50”). On July 29, 2018, 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, and as consideration for the extension, the Company agreed to compensate Profit Well with 100,000 shares of restricted common stock valued at $12,000. 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 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 with 75,000 shares of the Company’s restricted common stock in connection with a more favorable term of a note entered into with FirstFire Global Opportunities Fund, LLC (“FirstFire”). 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 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. 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, 2018, the Company amortized the remaining $2,264 of such discount to interest expense. At December 31, 2018, $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, the 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, our Executive Chairman and Chief Executive Officer of FPI. 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. (4) 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. On August 22, 2018, the Note Holder 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 agreed to issue the Note Holder 60,000 shares of its restricted common stock. 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”). (5) On July 19, 2018, the Company borrowed $38,000 from an unaffiliated investor with an original discount of $3,207. The Note recites that it accrues no interest if paid when due and is due and payable on August 6, 2018. If principal is not paid on or before maturity, interest will accrue at the rate of 10% per year until paid. In connection with the issuance of this note, the Company issued 300,000 shares for late SEC filing, valued at $36,000. $74 imputed interest was recorded as debt discount. $74 was determined using the present value method based on the following assumptions: (i) adjusted interest rate 4% (ii) expected life of 0.05 year. The relative aggregate value of the shares and imputed interest was determined to be $32,793 using the allocation of proceed, $32,793 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. Pursuant to this Note, the investor shall be assigned an undivided two percent (2%) overriding royalty of all oil, gas, and other minerals and hydrocarbons produced, saved, and sold from each well now or hereinafter located on certain leases and wells owned by the Company. On August 23, 2018, the lender agreed to defer repayment of this note to a later date and acknowledged that the Company is not in default regarding this Debenture, and as consideration for the extension, the Company agreed to compensate the lender with 15,000 shares of restricted common stock valued at $1,950. 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 year ended December 31, 2018, the Company amortized the remaining $38,000 of such discount to interest expense. At December 31, 2018, $38,000 of principal was outstanding under the Note. (6) On September 14, 2018, the Company borrowed $100,000 from an unaffiliated investor, bearing an interest rate of 9% per annum and with a maturity date of December 15, 2018. In connection with the issuance of this note, the Company issued 250,000 shares of its common stock, valued at $22,500, which 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, 2018, the Company amortized $22,500 of such discount to interest expense. At December 31, 2018, unamortized debt discount was $0 and $100,000 of principal was outstanding under the Note. (7) On October 22, 2018, the Company issued a term sheet to an unaffiliated investor for a promissory note in the principal amount of $50,000 with a Volumetric Production Payment (“VPP”) equal to 1,250 barrels of oil equivalent (“BOE”). The Note has a maturity date of October 22, 2019, with the Principal and accrued unpaid interest due in full at Maturity. VPP will be made after deduction of 20% royalties due to mineral owners, paid within the term on the Note and at the discretion of the Company as to amount and volume; provided, however, Pursuant to this Note, the investor shall be assigned an un undivided one-half percent (0.5%) overriding royalty interest (“ORRI”) in all oil, gas and other minerals produced, saved, and marketed from each well now or hereinafter located on wells owned by the Company, subject to the terms of the Leases covering such wells. Upon any default in payment of principal hereunder, the Company shall pay interest on the principal balance of this Note then outstanding and on the accrued but unpaid interest from the date of such default until such default is cured and the Note paid in full at the rate of Fifteen Percent (15%). The Company agreed to issue the investor 200,000 shares of the Company’s restricted common stock as additional consideration for entering into the Note with the Company, valued at $16,000, which 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. Pursuant to this Note, Investor has the right to participate in any future offering by the Company for a period of twelve (12) months for an amount equal to the principal amount detailed in this Term Sheet. So long as the Note is outstanding, if the Company enters into a subsequent financing with another individual or entity (a third party) on terms that are more favorable to that third party, the agreements between the Company and the investor shall be amended to include such better terms. During the year ended December 31, 2018, the Company amortized $3,069 of such discount to interest expense. At December 31, 2018, unamortized debt discount was $12,932 and $50,000 of principal was outstanding under the Note. During the years ended December 31, 2018 and 2017, respectively, we incurred $433,350 and $213,852 of interest expense, including amortization of discount of $67,113 and $105,272 and shares issued for extension of $68,376 and $0 and penalty of $100,000 and $0, respectively.

Notes Payable - Related Party

Notes Payable - Related Party	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Notes Payable - Related Party	Note 6 – Notes Payable - Related Party December 31, 2018 December 31, 2017 13.25% unsecured note payable due May 5, 2017 (1) $ 1,250,000 $ 1,250,000 10% unsecured note payable due December 31, 2018 (2) 6,000,000 6,000,000 Less: unamortized discount of imputed interest of 4% (2) - (114,268 ) Total debt 7,250,000 7,135,732 Less: current maturities 7,250,000 7,135,732 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. 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”). 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 valued at $58,375. 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”). 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. On June 30, 2018, we recorded $125,000 penalty as additional interest payable. The penalty payment was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments” (“ASC 470-50”). 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. On July 29, 2018, Berwin agreed to defer repayment of this note to a later date and acknowledged that the Company is not in default regarding this Debenture, and as consideration for the extension, the Company agreed to compensate Berwin with 100,000 shares of restricted common stock valued at $12,000. 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”). (2) On December 30, 2016, in connection with the TBL acquisition, 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. Starting from July 1, 2018, the note bears 10% annual interest. During the year ended December 31, 2018, we accrued 300,000 interest payable . During the years ended December 31, 2018 and 2017, respectively, we incurred $778,393 and $394,974 of interest expense, including amortization of discount of $114,268 and $228,536 and shares issued for extension of $70,375 and $0, and penalty of $125,000 and $0, respectively.

Convertible Note Payable

Convertible Note Payable	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Convertible Note Payable	Note 7 – Convertible Note Payable December 31, 2018 December 31, 2017 10% convertible note payable due May 10, 2018 (1) $ 50,000 $ 50,000 8% convertible note payable due August 16, 2018 (2) - 267,500 13.5% convertible note payable due February 11, 2020 (3) 44,000 - 12% convertible note payable due May 1, 2019 (4) 380,000 - 12% convertible note payable due December 6, 2019 (5) 45,000 - 10% convertible note payable due September 19, 19 (6) 58,300 - Less: unamortized debt discount on convertible notes (363,265 ) (224,228 ) Total debt 214,535 93,272 Less: current maturities 181,637 93,272 Long-term debt, net of current maturities $ 32,898 $ - (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 May 10, 2018, 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 the term of 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 Global Opportunities 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”). On September 17, 2018, the note holder agreed to defer repayment of this note to December 15, 2018, the Company agreed to compensate the note holder with 50,000 shares of restricted common stock valued at $4,500. On April 4, 2019, note holder confirmed that the Company is not in default with respect to this note. 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”). (2) On November 17, 2017, the Company issued to FirstFire Global Opportunities Fund, LLC, (“FirstFire”) 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 the 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 to be $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. As of December 31, 2018, the Company accounted for the conversion feature as a derivative valued at $454,444 which was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 225%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.07 year. On June 6, 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 (3) On August 11, 2018, the Company borrowed $44,000 from an unaffiliated investor, bearing an interest rate of 12.5% per annum and with a maturity date of February 11, 2020. As part of this transaction the Company also issued (i) warrants having a 24-month term, to purchase 100,000 shares of the Company’s common stock at an exercise price of $0.665 per share and (ii) 44,000 shares of the Company’s restricted common stock. The Note agreements give the lender the right to convert the loan amounts due into common stock at a fixed conversion price of $0.20. The aggregate relative fair value of the warrant was determined to be $9,035 on August 11, 2018, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 221%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 2 year. Fair value of 44,000 shares of common stock was determined to be $5,280 using market price. The aggregate value of the warrant and 44,000 shares of common stock of $14,315 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. During the year ended December 31, 2018, the Company amortized the $815 of such discount to interest expense. At December 31, 2018, unamortized debt discount was $11,101 and $44,000 of principal was outstanding under the Note. (4) On November 1, 2018, the Company entered into a loan transaction with an unaffiliated investor (“Holder”), which funded and closed on November 5, 2018. The Company issued the lender a convertible promissory note (“Note”) dated November 1, 2018, in the principal amount of $380,000 with an original issue discount of 10% and received proceeds of $342,000, before giving effect to certain transactional costs including legal fees on November 5, 2018. As part of this transaction the Company also issued (i) 650,000 shares of the Company’s restricted common stock and two tranches of warrants : (ii) tranche 1 are warrants having a 5-year term to purchase 687,500 shares of the Company’s restricted common stock at an exercise price of $0.20 per share with cashless exercise option and (ii) tranche 2 are warrants having a 5-year term to purchase 2,062,500 shares of the Company’s restricted common stock at an exercise price of $0.20 per share with cashless exercise option. Tranche 2 warrants may be redeemed by the Company for $20,000 (“Call Payment”) beginning on the date of issuance, November 1, 2018, and ending on the date which is 180 calendar days following the issuance date (the “Call”). If Company exercises the Call, then the Company shall make the Call Payment to the Holder within five business days of the date that the Company exercises the Call. If the Call Payment is not made within the required time frame, then the Company will lose its right to exercise the Call for the tranche 2 warrants. The Note accrues interest at 12% per year, and is due and payable on May 1, 2019 (“Maturity Date”). The Company may prepay the Note without prepayment penalty if prepaid during the first 180 days following issuance date. No prepayment is permitted after the initial 180 days from issuance. The Note agreements give the lender the right to convert the loan amounts due into common stock at a conversion price equal to the lesser of (i) 50% multiplied by the lowest trading price during the previous twenty (20) trading day period ending on the latest complete trading day prior to the date of this Note and (ii) 50% multiplied by the during the twenty (20) trading day period ending on the latest complete trading day prior to the conversion date. The aggregate relative fair value of the warrant was determined to be $89,908 on November 1, 2018, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 226%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 5.0 year. Fair value of 650,000 shares of common stock was determined to be $53,300 using allocation of proceeds. The Company accounted for the conversion feature as a derivative valued at $558,923, of which $364,131 was expensed immediately to interest expense. $194,792 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 226%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.50 year. The aggregate value of the original debt discount, warrant, conversion feature and 650,000 shares of common stock of $380,000 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. (5) On December 6, 2018, Foothills Exploration, Inc. (the “Company”), entered into a convertible loan transaction with an unaffiliated investor (“Holder”) in the principal amount of $136,500 (the “Note”). The Note is divided into three tranches, the first tranche of which, in the face amount of $45,500, funded and closed on December 7, 2018, before giving effect to certain transactional costs including legal fees yielding a net of $41,500. The Note carries an original issue discount of $12,000 (the “OID”) prorated to each tranche, to cover the Holder’s accounting fees, due diligence fees, monitoring, and/or other transactional costs incurred in connection with the negotiation, purchase and sale of the Note, which is included in the principal balance of this Note. For each tranche funded under the Note, the Company agreed to issue warrants having a 5-year term to purchase up to 227,500 shares of the Company’s restricted common stock at an exercise price of $0.20 per share with a cashless exercise option. The warrants are subject to adjustment in certain events such as forward or reverse stock splits or if subsequent financings are at terms that are more favorable to persons in subsequent issuances of securities. The Note agreements give the Holder, after the 180 th Each tranche of the Note funded accrues interest at 12% per year. The maturity date for each tranche funded shall be twelve (12) months from the effective date of each payment (each a “Maturity Date”), and is the date upon which the principal sum of each respective tranche, as well as any accrued and unpaid interest and other fees relating to that respective tranche, shall be due and payable. This Company may prepay any amount outstanding under each tranche of this Note, during the initial 60 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 125% multiplied the amount that the Company is prepaying Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 61 st st The Company may not prepay any amount outstanding under each tranche of this Note after the 180 th The aggregate relative fair value of the warrant was determined to be $7,880 on November 1, 2018, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 225%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 5.0 year. The Company accounted for the conversion feature as a derivative valued at $74,970, of which $42,850 was expensed immediately to interest expense. $74,970 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 225%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.00 year. The aggregate value of the original debt discount, warrant and conversion feature of $45,500 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. (6) On December 19, 2018, Foothills Exploration, Inc. (the “Company”), entered into a convertible loan transaction with an unaffiliated investor (“Holder”) in the principal amount of $58,300 (the “Note”), which funded and closed on December 21, 2018, before giving effect to certain transactional costs including legal fees yielding a net of $53,000. The Note carries an original issue discount of $5,300 (the “OID”), to cover the Holder’s accounting fees, due diligence fees, monitoring, and/or other transactional costs incurred in connection with the negotiation, purchase and sale of the Note, which is included in the principal balance of this Note. The Note agreements give the Holder, after the 180 th The Note accrues interest at 10% per year. The maturity date for the Note is September 19, 2019 (“Maturity Date”), and is the date upon which the principal sum, as well as any accrued and unpaid interest, shall be due and payable. This Company may prepay any amount outstanding under this Note, during the initial 60 calendar day period after the issuance of this Note, by making a payment to the Holder of an amount in cash equal to 125% multiplied the amount that the Company is prepaying Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 61 st st The Company may not prepay any amount outstanding under each tranche of this Note after the 180th calendar day after the issuance of the respective tranche of this Note. Any amount of principal or interest due pursuant to this Note, which is not paid by the Maturity Date, shall bear interest at the rate of the lesser of (i) eighteen percent (18%) per annum or (ii) the maximum amount permitted by law from the due date thereof until the same is paid (“Default Interest”). Interest shall commence accruing on the date that each tranche of the Note is fully paid and shall be computed on the basis of a 360-day year and the actual number of days elapsed. Net proceeds obtained in this transaction will be used for general corporate and working capital purposes. No broker-dealer or placement agent was retained or involved in this transaction. The Company accounted for the conversion feature as a derivative valued at $102,942, of which $52,942 was expensed immediately to interest expense. $102,942 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 228%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.75 year. The fair value of the conversion feature of $50,000 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. During the years ended December 31, 2018 and 2017, respectively, the Company incurred $529,121 and $49,071 of interest expense, including amortization of discount of $389,078 and $0 and shares issued for note extension of $24,750 and $0, respectively. At the year ended December 31, 2018 and 2017, the unamortized discount was $363,265 and $224,228, respectively . The following table reconciles, for the period ended December 31, 2018, the beginning and ending balances for financial instruments that are recognized at fair value in the consolidated financial statements: Balance of embedded derivative as of December 31, 2017 $ 458,387 Additions related to embedded conversion features of convertible debt issued 736,835 Change in fair value of conversion features (50,619 ) Reductions in fair value due to principal repayments and conversion (483,283 ) Balance of embedded derivatives at December 31, 2018 $ 661,320 Derivative liabilities were determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 144 - 230 %, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.33 – 0.93 year.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Common Stock	Note 8 – Common Stock 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. On June 5, 2018, the Company issued to FirstFire 150,000 shares of restricted common stock for an extension of their note originally issued November 17, 2017 in the amount of $267,500 (see Note 8). These shares were valued at $30,000. From June 21, 2018 to June 23, 2018 four (4) officers and directors of the Company agreed to convert $566,300 of accrued wages and fees into 3,836,111 shares of restricted common stock, valued at $774,737. We recorded $208,437 as loss on extinguishment of debt. During the year ended December 31, 2018, the Company agreed to issue Berwin an aggregate 350,000 shares of restricted common stock for an extension of their note originally issued January 5, 2017 in the amount of $1,250,000 (see Note 7). These shares were valued at $70,375. During the year ended December 31, 2018, the Company issued Profit Well 400,000 shares of restricted common stock for an extension of their note originally issued August 10, 2017 in the amount of $1,050,000 (see Note 6). These shares were valued at $106,700. 100,000 of these shares were authorized during 2017. During the year ended December 31, 2018, the Company agreed to issue a third party an aggregate of 659,000 shares of restricted common stock in connect with new notes and extensions of their notes (see Note 6 and 8). These shares were valued at $70,230. 105,000 shares of common stock were authorized but not issued as of December 31, 2017. All 964,000 shares of common stock, valued at $132,130, were issued during year ended December 31, 2018. 0 and 105,000 shares of common stock, valued at $0 and $45,900 were authorized but not issued as of December 31, 2018 and 2017, respectively. On August 22, 2018, the Company agreed to issue a third party 60,000 shares of restricted common stock to extend maturity date of a promissory note issued on November 1, 2017, valued at $7,800. On September 13, 2018, the Company agreed to issue 125,000 shares of restricted common stock to FirstFire to defer the expiration date of their notes, valued at $11,250. These shares were issued on November 28, 2018. On October 9, 2018, the Board of Directors of the Company approved and authorized an aggregate of 540,000 shares of common stock to various service providers for their continued service and additional attention rendered to the Company. These shares were valued at $54,000. On November 1, 2018, in connection with a convertible note, the Company issued 650,000 shares of the Company’s restricted common stock, valued at $53,300. As of December 31, 2018, the Company had 22,075,738 shares of common stock issued and outstanding. 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 Global Opportunities 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. On August 11, 2018, the Company issued an unaffiliated investor warrants to purchase 100,000 shares of common stock at a strike price of $0.665 per share expiring in 24 months, in connection with a convertible promissory note in the principal amount of $44,000. The aggregate relative fair value of the warrant was determined to be $9,035 on August 11, 2018, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 221%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 2 year. On November 1, 2018, the Company issued an unaffiliated investor two tranches of warrants in connection with a convertible promissory note in the principal amount of $380,000. (i) tranche 1 are warrants having a 5-year term to purchase 687,500 shares of the Company’s restricted common stock at an exercise price of $0.20 per share with cashless exercise option and (ii) tranche 2 are warrants having a 5-year term to purchase 2,062,500 shares of the Company’s restricted common stock at an exercise price of $0.20 per share with cashless exercise option. Tranche 2 warrants may be redeemed by the Company for $20,000 (“Call Payment”) beginning on the date of issuance, November 1, 2018, and ending on the date which is 180 calendar days following the issuance date (the “Call”). The aggregate relative fair value of the warrant was determined to be $89,908 on November 1, 2018, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 226%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 5.0 year. On December 31, 2018, the Company issued an unaffiliated investor warrants to purchase 227,500 shares of common stock at a strike price of $0.20 per share expiring in 5 years, in connection with a convertible promissory note in the principal amount of $45,500. The relative fair value of the warrant was determined to be $7,880 on November 17, 2017, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 225%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 5.0 year. The following table summarizes all stock warrant activity for the year ended December 31, 2018: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Term 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 Granted 3,077,500 0.22 4.74 Exercised - - - Cancelled or expired - - - Balance outstanding, December 31, 2018 5,761,015 $ 0.82 3.30 Exercisable, December 31, 2018 5,761,015 $ 0.82 3.30 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 J. 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 the years ended December 31, 2018 and 2017, we recorded $970,329 and $816,140 option expense. As of December 31, 2018, the unamortized option expense was $816,490. The following table summarizes all stock option activity for the year ended December 31, 2018: Number of Option Weighted Average Exercise Price Weighted Average Remaining Contractual Term 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 Granted - - - Exercised - - - Cancelled or expired - - - Balance outstanding, December 31, 2018 2,050,000 $ 2.21 5.26 Exercisable, December 31, 2018 1,500,000 $ 2.29 5.36

Other Related Party Transaction

Other Related Party Transactions	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Other Related Party Transactions	Note 9– Other Related Party Transactions Wilshire Energy Partners, LLC 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. During the years ended December 31, 2018 and 2017, Wilshire advanced the Company $181,083 and $0 for operating purposes and the Company repaid $74,324 and $0, respectively . As of December 31, 2018, and 2017, total amount due to officers and directors were $687,770 and $362,714. From June 21, 2018 to June 23, 2018 four (4) officers and directors of the Company agreed to convert $566,300 of accrued wages and fees into 3,836,111 shares of restricted common stock.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11 – Commitments and Contingencies During the audit process, a vendor for whom the Company has recorded $50,000 in accounts payable, confirmed an open invoice due to them that was greater than what was reported on the Company’s financial statements. The Company believes that this invoice is legally disputable, as follows: 1. The invoice was only prepared and submitted after the request for a confirmation letter. No demand has ever been made to the Company for payment either orally, invoice or letter. 2. The invoice fails to reflect any payments made to the account, although Company records show that certain amounts were paid to this account. 3. The invoice includes a bonus fee for services rendered in connection with a lease transfer. This fee was not earned in that the milestone for the bonus was a lease transfer which remains in litigation and the terms of the oral modification of the written contract between the parties required the successful completion of the transfer as the milestone. 4. The contract between the parties was terminated in May, 2018. The Company believes that the invoice is completely irregular and does not represent any legitimate debt of the Company to this vendor. 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 years ended December 31, 2018 and 2017, the Company paid $25,801 and $47,821 for its Denver office space, redeemed unused allowance for tenant improvements which was contractually allowed to offset monthly rental payments of $22,907 and $0, respectively and recorded $22,907 and $0 as other income, respectively. The lease was terminated on September 1, 2018. 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 years ended December 31, 2018 and 2017, the Company paid $0 and $6,894 for its Houston office space. Legal proceedings The Company has determined that judgments rendered in the second 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 through December 31, 2018, noted below in accordance with Auditing Standard 2801.03. Utah Wells 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. TEO made its third payment of $32,793 on September 11, 2018, within the 10-day cure period provided in the settlement agreement. TEO also made its fourth payment of $32,793 on November 15, 2018. On January 25, 2019, the Plaintiff issued a Writ of Execution Notice. A Notice of Sheriff Sale was filed on February 1, 2019. 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 December 31, 2018, we recorded $12,115.31 of prejudgment interest expense. A hearing on contempt by FEOI for failure to appear and an answer as to assets was set for September 13, 2018. A stipulation was filed with the court to continue the hearing to October 22, 2018. FEOI inadvertently failed to appear at this hearing, resulting in a contempt of court citation being issued. Currently, FEOI is seeking to reschedule this hearing and intends to purge any contempt by compliance with the court’s order. 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, 2018, 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. There has been no change in the status of this matter since the Company’s last quarterly report filed with the SEC. 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, 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. No further action filed in this matter as of the date of this current annual report. 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. FPOI was cited to appear through its authorized representative, B.P. Allaire, in Open Court, on 27 th 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. On December 5, 2017, a default judgement was entered against FPOI in favor of Plaintiff in the amount of $53,943.53, plus attorneys’ fees of $3,483 and court costs and expenses in the amount of $476.84, plus judicial interest from the date of the judicial demand, until paid, and for all costs of these proceedings. No further action filed in this matter as of the date of this current annual report. 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. 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. On April 3, 2018, a final judgment was entered in favor of plaintiff. No further action filed in this matter as of the date of this current annual report. 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. On April 3, 2018, a final judgment was entered in favor of plaintiff. No further action filed in this matter as of the date of this current annual report. 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. On April 3, 2018, a final judgment was entered in favor of plaintiff. No further action filed in this matter as of the date of this current annual report. Zealous Energy Services, LLC vs. Foothills Petroleum Operating, Inc. (Docket No. 086708 Div. C 16 th On September 28, 2018, the Court after reviewing the record of these proceedings, found the law and evidence supported Plaintiff’s demands and, without holding a hearing, ruled as follows: the Court ordered, adjudged and decreed that a money judgement be rendered in favor of Zealous Energy Services, LLC and against Foothills Petroleum Operating, Inc. in the full and true amount of $53,026.58, plus interest at the judicial interest rate of 5% per annum from January 24, 2018, the date of judicial demand, until finally paid, plus attorney’s fees of $1,260.00 and all cost. On March 1, 2019, a Motion to Examine Judgment Debtor was filed with the court. 633 17 th This case was filed on January 16, 2019, seeking unpaid leasehold obligations in the amount of $75,107 from the Defendant. No service has been affected. The Company is seeking to resolve this claim without further litigation. As of December 31, 2018, and December 31, 2017, the balance of other liabilities was $282,676 and $305,935, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2018
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, 2018 and 2017 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, 2018, and 2017, 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, 2018 and 2017 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, 2018 and 2017. 2018 2017 Net operating loss carryforward $ (3,373,837 ) $ (2,029,437 ) Stock based compensation 25,638 40,248 Fair value of options 223,879 195,873 Total deferred tax assets (3,115,321 ) (1,793,316 ) Valuation allowance $ 3,115,321 $ 1,793,316 Net deferred tax asset - - 2018 2017 U.S federal statutory income tax -21 % -34 % State tax, net of federal tax benefit -3 % -6 % Stock based compensation - % - % Change in valuation allowance 24 % 50 % Effective tax rate - % - % At December 31, 2018 and 2017, the Company has available net operating loss carryforwards for federal and state income tax purposes of approximately $12,464,311 and $6,844,052, 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 limit the use of net operating losses or render such worthless. Federal, State & Local Income tax remain open by statute. The Company has not filed certain state income tax returns for the last few years, but does not believe any income tax is due, if any, it would not be material

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Note 13 – Subsequent Events Acquisition of 22 producing natural gas wells situated on 18,214 acres in Greater Green River Basin, Wyoming Subsequent to the period ended December 31, 2018 and on March 6, 2019, the Company, through its indirect wholly-owned subsidiary, Foothills Exploration, LLC, closed on the acquisition of 22 natural gas wells and approximately 18,214 gross acres (14,584 core), 78% held by production, located in the Greater Green River Basin in Wyoming (the “GRB Assets”). Some of the underlying leases come with certain depth restrictions and roughly 80% of the acreage remains undeveloped. The GRB assets were purchased for approximately $700,000, in an all-cash transaction, which was financed through Company borrowings. The 22 natural gas wells are currently producing approximately 900 Mcf/d and the Company plans to implement a field-wide optimization program over the next 60-90 days designed to increase current production rates. For additional details, please refer to the Company’s current report filed on Form 8-K with the SEC on March 12, 2019. Extension of Debt – 10% senior secured convertible promissory note due September 1, 2019 Subsequent to the period ended December 31, 2018 and on March 6, 2019, the Company closed on a loan transaction with FirstFire Global Opportunities Fund, LLC, (“FirstFire”) pursuant to which the Company issued FirstFire a senior secured convertible promissory note (“FirstFire Note”) in the principal amount of $705,882, and received proceeds of $600,000, before giving effect to certain transactional costs. As part of this transaction the Company issued (i) warrants having an 18-month term, to purchase 1,125,000 shares of the Company’s common stock at an exercise price of $0.50 per share, with a cashless exercise feature. The warrants are subject to adjustment in certain events such as forward or reverse stock splits or if subsequent financings during the exercise period of the warrants are at terms that are more favorable to persons in subsequent issuances of securities. The FirstFire Note accrues interest of 10% per annum, and matures on September 1, 2019, which is the date upon which the principal sum, the original issue discount, as well as any accrued and unpaid interest and other fees, shall be due and payable. The Company has agreed to make payments of $20,000 per month pursuant to a cash management agreement as described in the note agreements. The FirstFire Note is collateralized by the GRB Assets described above, which principally are being acquired by the Company with the net proceeds of this Note. For additional details, please refer to the Company’s current report filed on Form 8-K with the SEC on March 12, 2019. Entry into a Material Definitive Agreement Subsequent to the period ended December 31, 2018 and on March 22, 2019, the Company, through its indirect wholly owned subsidiary, Foothills Exploration, LLC, entered into a letter agreement with an affiliate of American Shale Energy, LLC, to acquire approximately 16,387 net acres located in Wyoming’s Wind River Basin (the “WRB Assets”), which was announced in the Company’s press release issued on March 25, 2019. On March 28, 2019, the Company closed on the acquisition of the WRB Assets for an undisclosed sum and a reservation of overriding royalty interest in the leases, netting the Company with an 82.5% net revenue interest and 100% of the working interest. Final assignment of the leases covered under this letter agreement will be assigned to Foothills Exploration, LLC, the Company’s operating subsidiary in Wyoming. Federal Bureau of Land Management leases, totaling 16,066 net acres, will require the Company to pay annual delay rental payments during the remaining primary term of the leases, if no commercial quantities of hydrocarbons are produced or minimum royalties are not met, totaling approximately $128,584 over the next four years. The fee leases covering approximately 320 net acres will need to be renegotiated with the respective mineral rights owners and if said leases, amounting to less than 2% of the total acquired acreage cannot be renegotiated, then the Company will lose said acreage. Geopinion, Inc., a geological services firm based in Salt Lake City, advised the Company in managing the negotiated sale process and will be paid a finder’s fee consisting of 125,00 shares of the Company’s restricted common stock. For additional details, please refer to the Company’s current report filed on Form 8-K with the SEC on March 29, 2019. Debt – 12% convertible note payable due September 6, 2019 Subsequent to the period ended December 31, 2018 and on March 8, 2019, the Company closed on a loan transaction with Labrys Fund, L.P., a Delaware limited partnership, (“Labrys”), pursuant to which, the Company issued a convertible promissory note dated March 6, 2019, in the principal amount of $380,000, with an original issue discount of 10% and received proceeds of $342,000, before giving effect to certain transactional costs including legal fees (the “Labrys Note”). The Company utilized proceeds in part to pay (i) $110,000 to Labrys as partial repayment of a convertible promissory note issued on November 1, 2018 and (ii) $40,000 to the Company’s auditor. As part of this transaction the Company also issued Labrys warrants having a five-year term to purchase 608,000 shares of the Company’s restricted common stock, at an exercise price of $0.50 per share, with a cashless exercise feature. The Labrys Note accrues interest at 12% per year and is due and payable on September 6, 2019. The Company may prepay the Labrys Note without prepayment penalty if prepaid during the first 180 days following issuance date. No prepayment is permitted after the initial 180 days from issuance. The warrants are subject to adjustment in certain events such as forward or reverse stock splits or if subsequent financings are at terms that are more favorable to persons in subsequent issuances of securities. For additional details, please refer to the Company’s current report filed on Form 8-K with the SEC on March 14, 2019. Debt – 10% convertible note payable due December 19, 2019 Subsequent to the period ended December 31, 2018 and on March 19, 2019, the Company entered into a securities purchase agreement (the “JSC SPA”) with Jefferson Street Capital, LLC, an unaffiliated investor (“JSC”), pursuant to which the Company issued and sold to JSC a convertible promissory note (the “JSC Note”) in the principal amount of $52,250 (the “JSC Principal”). The foregoing transaction closed on March 28, 2019 and the Company received $47,500 before giving effect to certain transactional costs including legal fees. The JSC Note accrues interest at 10% per year and carries an original issue discount of $4,750. The maturity date for the JSC Note is December 19, 2019, at which time the JSC Principal, and any accrued but unpaid interest, is due and payable. The holder may convert after the 180 th For additional details, please refer to the Company’s current report filed on Form 8-K with the SEC on February 4, 2019. Debt – 12% convertible note payable due March 28, 2020 Subsequent to the period ended December 31, 2018 and on March 20, 2019, the Company, entered into Amendment #1 to the Securities Purchase Agreement dated December 6, 2018, with Crown Bridge Partners, LLC, an unaffiliated investor (“Holder”) pursuant to which the Company closed on March 28, 2019 a second tranche under the note, dated December 6, 2017, with a face value of $40,018 (the “Second Tranche”). The Company received $36,500 after giving effect to prorated OID, as defined below, but before certain transaction costs and legal fees. The note carries an original issue discount of $12,000 (the “OID”) to face value prorated to each tranche, to cover the Holder’s transaction related costs incurred in connection with the negotiation, purchase and sale of the note. Each tranche of the note funded accrues interest at a rate of 12% per year. The principal amount of each respective tranche, as well as any accrued and unpaid interest and other fees relating to that respective tranche, is due and payable twelve (12) months from the date on which each respective tranche is delivered to the Company. The Company may not prepay any amount outstanding under each tranche of this Note after the 180 th For additional details, please refer to the Company’s current report filed on Form 8-K with the SEC on February 4, 2019. Common Stock Issuance ● During February 2019, we issued 200,000 shares of common stock to various consultants for services rendered. ● During February 2019, a third party debt holder cashless exercised 875,000 shares of warrant to purchase common stocks. ● During March 2019, 650,000 shares were returned in connection with partial repayment made to debt holder and the same holder cashless exercised 1,110,000 shares of warrant to purchase common stocks. Contingent Liabilities – Legal Proceedings 633 17 th This case was filed on January 16, 2019, seeking unpaid leasehold obligations in the amount of $75,107 from the Company. The Company is seeking to resolve this claim without further litigation. Graco Fishing & Rental Tools, Inc. vs. Tiger Energy Operating LLC (Case No. 160800005 8 th Regarding the Company’s Utah properties, there was a settlement agreement between Graco Fishing & Rental Tools, Inc. (“Graco”) and Tiger Energy Operating, LLC (“TEO”), an indirect subsidiary of the Company and the Operator of the Duck Creek wells. Graco obtained a default judgment of $159,965 against TEO, subsequent to which they were also issued Writs of Execution against the certain TEO wells, located in Uintah and Duchesne County, Utah. Graco had scheduled foreclosure sales of TEO’s interests in four wells (A Rust 2, Dye-Hall 2-21-A1, Wilkins 1-24A5, and Rust 3-22A4), which was 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 $163,965 to Graco. If any of the above payments were not made when due, Graco had the right to immediately execute the Sales. Graco also had the right to maintain and apply liens and notices of its judgment until the total payment has been paid in full by TEO. On June 27, 2018, Finley Resources, Inc. (“Finley”), acquired all of Graco’s right, title and interest in the settlement agreement. The first four settlement payments to the judgment holder were made timely but the last and final payment was made late, and the judgment holder (i.e. Finley) rejected TEO’s final payment. The Company disputes this because the final date of the 10-day cure period was on a Saturday, which is not considered a business day and therefore, the payment was made on the following business day. On January 25, 2019, Finley issued a Writ of Execution Notice and a Notice of Sheriff Sale was filed on February 1, 2019, for the four wells: A Rust 2, Dye-Hall 2-21-A1, Wilkins 1-24A5, and Rust 3-22A4. While it believes it could prevail should it protest Finley’s actions, the Company believes that the production value of the affected properties is limited. For additional details, please review the Legal Proceedings section of this 10-K report.

Supplemental Oil and Gas Reserv

Supplemental Oil and Gas Reserve Information (Unaudited)	12 Months Ended
	Dec. 31, 2018
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, 2018 and 2017 are summarized below: December 31, 2018 2017 Net revenues from production: Sales of oil and gas production to third parties $ 2,567,438 $ 155,161 Production costs: Oil and gas lease operating expense (1,648,155 ) (252,753 ) Depletion, depreciation, amortization, accretion, and impairment expense (2,908,787 ) (1,525,784 ) Income tax expense — — Results of operations $ (1,989,504 ) $ (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, 2018 and 2017 are summarized below: 2018 2017 Unproved properties not being amortized $ 106,299 $ 2,509,274 Proved properties subject to amortization 12,752,515 10,762,380 Accumulated depreciation, depletion, and amortization (431,554 ) (18,016 ) Net capitalized costs $ 12,427,260 $ 13,253,638 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, 2018 and 2017: 2018 2017 Proved acreage $ (871,637 ) $ 18,653 Producing assets 184,742 580,158 Incomplete construction (1,501,369 ) 1,501,369 Exploration costs 1,361,886 (148,533 Development costs — — Net capitalized costs $ (826,378 ) $ 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, 2019 and 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, 2018 and 2017. December 31, Crude Oil Natural Gas Crude Oil Natural Gas (MSTB) (MCF) (MSTB) (MCF) 2018 2018 2017 2017 TOTAL PROVED RESERVES Beginning of year 4,174 8,353 — — Purchases of minerals in place — — 1,622 811 Sales of minerals in place — — — — Extensions and discoveries — — 4,174 8,353 Revisions of previous estimates 161 2,099 (1,620 ) (811 ) Production (764 ) (870 ) — — End of period 4,334 9,582 4,174 8,353 PROVED DEVELOPED RESERVES Proved developed producing — — — — Proved developed nonproducing — — — — End of period — — — — Total proved undeveloped 4,334 9,582 4,174 8,353 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, 2018 2017 Future cash inflows $ 360,258,000 $ 268,949,000 Future production costs (126,192,000 ) (103,926,000 ) Future development costs (53,250,000 ) (48,000,000 ) Future income tax expense (54,833,123 ) (23,275,919 ) Future net cash flows 125,982,877 93,747,081 10% annual discount for estimated timing of cash flow (77,591,818 ) (68,046,395 ) Standard measure of discounted future net cash flows related to proved reserves $ 48,391,059 $ 25,700,686 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, 2018 and 2017 are: 2018 2017 Balance, beginning of period $ 25,700,686 $ 9,531,132 Sales and transfers of oil and gas produced during the period (1,133,957 ) 97,592 Sales of minerals in place — — Purchases of minerals in place — — Net change in sales price, net of production costs 18,083,915 (4,564,023 ) Net changes due to extensions and discoveries — 50,755,047 Changes in estimated future development costs (1,848,661 ) (25,709,147 ) Previously estimated development costs incurred during the period — — Net change due to revisions in quantity estimates 6,749,925 (16,007,121 ) Other 2,227,581 11,284,522 Accretion of discount 3,599,200 3,599,200 Net change in income tax (4,987,627 ) (3,286,516 ) Balance, end of period $ 48,391,059 $ 25,700,686

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [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 the years ended December 31, 2018 and 2017, the Company had restricted cash of $120,000 and $240,000, respectively. 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. During July and August 2018, $120,000 was released to the Company when we finished reclamation of two wells.
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. The Company routinely assesses the collectability of all material trade and other receivables. 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, 2018, the company accrued $31,924 of net revenue receivable from EOG Resources, Inc. (“EOG”), the operator of two wells in which the Company has a 21.62% 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, 2018, those costs were $1,868,370. 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, 2018 and 2017: Carrying Fair Value Measurement at Value December 31, 2018 Level 1 Level 2 Level 3 Derivative assets, debt and equity instruments $ — $ — $ — $ — Derivative liabilities, debt and equity instruments 661,320 — — 661,320 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 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 606, which directs that it should recognize revenue when a customer obtains control of promised goods or services for an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. 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, 2018 2017 Numerator: Net income (loss) available to stockholders $ (6,585,506 ) $ (6,493,871 ) Basic net income allocable to participating securities (1) — — Income (loss) available to Foothills Exploration, Inc.’s stockholders $ (6,585,506 ) $ (6,493,871 ) Denominator: Weighted average number of common shares outstanding-Basic 16,992,461 14,418,719 Effect of dilutive securities: Options and warrants (2) — — Stock payable (3) — 205,000 Convertible notes (4) 19,504,517 1,800,532 Weighted average number of common shares outstanding-Diluted 36,496,978 16,424,251 Net income (loss) per share: Basic $ (0.39 ) $ (0.45 ) Diluted $ (0.18 ) $ (0.40 ) (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, 2018, “out of the money” stock options representing 2,050,000 shares and warrants representing 5,761,015 shares were antidilutive and, therefore, excluded from the diluted share calculation. For the year ended December 31, 2017, “out of the money” stock options representing 2,050,000 shares and warrants representing 2,783,515 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. (4) For the year ended December 31, 2018 and 2017, convertible notes representing 19,504,517 and 1,800,532 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 November 2016, the FASB issued ASC Update No. 2016-18 (Topic 230) Statement of Cash Flows – Restricted Cash (a consensus of the FASB Emerging Issues Task Force). The amendments in this update require that restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. Current GAAP does not include specific guidance on the cash flow classification and presentation of changes in restricted cash. The updated guidance is effective for interim and annual periods beginning after December 15, 2017 and is required to be applied using a retrospective transition method to each period presented. The Company implemented this guidance effective January 1, 2018. Implementing this guidance did not have a material impact on the Company’s statement of cash flows. 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. In June 2018, the FASB issued “ASU 2018-07 - Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting”. The amendments in this update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, Revenue from Contracts with Customers. The updated standard is effective for the Company beginning after December 15, 2018, including interim periods within that fiscal year. Early adoption of the new guidance is permitted, but no earlier than an entity’s adoption date of Topic 606. The Company does not expect that the adoption of this standard will have a material effect on its consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [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 Measured 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, 2018 and 2017: Carrying Fair Value Measurement at Value December 31, 2018 Level 1 Level 2 Level 3 Derivative assets, debt and equity instruments $ — $ — $ — $ — Derivative liabilities, debt and equity instruments 661,320 — — 661,320 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
Schedule of Net Earnings (Loss) Per Common Share	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, 2018 2017 Numerator: Net income (loss) available to stockholders $ (6,585,506 ) $ (6,493,871 ) Basic net income allocable to participating securities (1) — — Income (loss) available to Foothills Exploration, Inc.’s stockholders $ (6,585,506 ) $ (6,493,871 ) Denominator: Weighted average number of common shares outstanding-Basic 16,992,461 14,418,719 Effect of dilutive securities: Options and warrants (2) — — Stock payable (3) — 205,000 Convertible notes (4) 19,504,517 1,800,532 Weighted average number of common shares outstanding-Diluted 36,496,978 16,424,251 Net income (loss) per share: Basic $ (0.39 ) $ (0.45 ) Diluted $ (0.18 ) $ (0.40 ) (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, 2018, “out of the money” stock options representing 2,050,000 shares and warrants representing 5,761,015 shares were antidilutive and, therefore, excluded from the diluted share calculation. For the year ended December 31, 2017, “out of the money” stock options representing 2,050,000 shares and warrants representing 2,783,515 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. (4) For the year ended December 31, 2018 and 2017, convertible notes representing 19,504,517 and 1,800,532 shares were anti-dilutive.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2018
Support Facilities and Equipment [Member]
Schedule of Property 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, 2018 December 31, 2017 Tank $ 30,000 $ 30,000 Vehicle 69,446 69,446 Uinta Basin facilities 186,428 - Accumulated depreciation (1,717 ) (31 ) Construction in progress (1) - 22,087 Total support facilities and equipment, net $ 284,157 $ 121,502 (1) Facilities constructed in conjunction with drilling for our two exploratory horizontal wells in Uintah County, Utah, not subject to depreciation. During the months ended December 31, 2018, construction-in-progress was reclassified to Uinta Basin facilities and became eligible for depreciation upon the completion of the construction.
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, 2018 and December 31, 2017 are set forth below in the following table: December 31, 2018 December 31, 2017 Unproved leasehold (1) $ 106,299 $ 977,936 Proved leasehold 11,915,695 10,094,760 Properties subject to depletion, net of depletion 121,110 580,158 Exploratory wells – construction-in-progress (1) (2) - 1,479,282 Total $ 12,143,103 $ 13,132,136 (1) Not subject to depletion; (2) Reclassified from exploratory to properties subject to amortization at December 31, 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 2018 — 1,897,502 (2,886,535 ) 989,033 Total $ 10,252,568 $ 6,302,854 $ — $ (4,412,319 ) $ 12,143,103
Office Furniture, Equipment, and Other [Member]
Schedule of Property and Equipment	As of December 31, 2018 and 2017, office furniture, equipment, and other consisted of the following: December 31, 2018 December 31, 2017 Computer equipment and fixtures $ 22,453 $ 22,453 Accumulated depreciation (16,116 ) (8,632 ) Office furniture, equipment, and other, net $ 6,337 $ 13,821

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	12 Months Ended
	Dec. 31, 2018
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Changes in 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, 2018 and December 31, 2017. For the period ended December 31, 2018 December 31, 2017 Beginning asset retirement obligations $ 303,327 $ 291,659 Liabilities established 23,709 - Accretion expense 13,081 11,668 Ending asset retirement obligations $ 340,117 $ 303,327

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Outstanding Amounts of Notes Payable	A summary of the outstanding amounts of our notes payable as of December 31, 2018 and 2017 is as follows: December 31, 2018 December 31, 2017 9% unsecured note payable due May 6, 2017 (1) $ - $ - 13.5% unsecured note payable due September 8, 2017 (2) 1,050,000 1,050,000 0% unsecured note payable due January 2, 2018 (3) 250,000 250,000 12% unsecured note payable December 31, 2018 (4) 120,629 120,629 0% unsecured note payable due August 6, 2018 (5) 38,000 - 9% unsecured note payable due December 15, 2018(6) 100,000 - 8% unsecured note payable due October 22, 2018(7) 50,000 - Less: unamortized discount (12,932 ) (2,264 ) Total debt $ 1,595,697 $ 1,418,365 Less: current maturities 1,595,697 1,418,365 Long-term debt, net of current maturities $ - $ - At December 31, 2018, 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”). 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 valued at $46,700. 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”). 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. On June 30, 2018, we recorded $100,000 penalty as additional interest payable. The penalty payment was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments” (“ASC 470-50”). On July 29, 2018, 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, and as consideration for the extension, the Company agreed to compensate Profit Well with 100,000 shares of restricted common stock valued at $12,000. 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 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 with 75,000 shares of the Company’s restricted common stock in connection with a more favorable term of a note entered into with FirstFire Global Opportunities Fund, LLC (“FirstFire”). 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 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. 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, 2018, the Company amortized the remaining $2,264 of such discount to interest expense. At December 31, 2018, $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, the 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, our Executive Chairman and Chief Executive Officer of FPI. 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. (4) 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. On August 22, 2018, the Note Holder 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 agreed to issue the Note Holder 60,000 shares of its restricted common stock. 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”). (5) On July 19, 2018, the Company borrowed $38,000 from an unaffiliated investor with an original discount of $3,207. The Note recites that it accrues no interest if paid when due and is due and payable on August 6, 2018. If principal is not paid on or before maturity, interest will accrue at the rate of 10% per year until paid. In connection with the issuance of this note, the Company issued 300,000 shares for late SEC filing, valued at $36,000. $74 imputed interest was recorded as debt discount. $74 was determined using the present value method based on the following assumptions: (i) adjusted interest rate 4% (ii) expected life of 0.05 year. The relative aggregate value of the shares and imputed interest was determined to be $32,793 using the allocation of proceed, $32,793 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. Pursuant to this Note, the investor shall be assigned an undivided two percent (2%) overriding royalty of all oil, gas, and other minerals and hydrocarbons produced, saved, and sold from each well now or hereinafter located on certain leases and wells owned by the Company. On August 23, 2018, the lender agreed to defer repayment of this note to a later date and acknowledged that the Company is not in default regarding this Debenture, and as consideration for the extension, the Company agreed to compensate the lender with 15,000 shares of restricted common stock valued at $1,950. 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 year ended December 31, 2018, the Company amortized the remaining $38,000 of such discount to interest expense. At December 31, 2018, $38,000 of principal was outstanding under the Note. (6) On September 14, 2018, the Company borrowed $100,000 from an unaffiliated investor, bearing an interest rate of 9% per annum and with a maturity date of December 15, 2018. In connection with the issuance of this note, the Company issued 250,000 shares of its common stock, valued at $22,500, which 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, 2018, the Company amortized $22,500 of such discount to interest expense. At December 31, 2018, unamortized debt discount was $0 and $100,000 of principal was outstanding under the Note. (7) On October 22, 2018, the Company issued a term sheet to an unaffiliated investor for a promissory note in the principal amount of $50,000 with a Volumetric Production Payment (“VPP”) equal to 1,250 barrels of oil equivalent (“BOE”). The Note has a maturity date of October 22, 2019, with the Principal and accrued unpaid interest due in full at Maturity. VPP will be made after deduction of 20% royalties due to mineral owners, paid within the term on the Note and at the discretion of the Company as to amount and volume; provided, however, Pursuant to this Note, the investor shall be assigned an un undivided one-half percent (0.5%) overriding royalty interest (“ORRI”) in all oil, gas and other minerals produced, saved, and marketed from each well now or hereinafter located on wells owned by the Company, subject to the terms of the Leases covering such wells. Upon any default in payment of principal hereunder, the Company shall pay interest on the principal balance of this Note then outstanding and on the accrued but unpaid interest from the date of such default until such default is cured and the Note paid in full at the rate of Fifteen Percent (15%). The Company agreed to issue the investor 200,000 shares of the Company’s restricted common stock as additional consideration for entering into the Note with the Company, valued at $16,000, which 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. Pursuant to this Note, Investor has the right to participate in any future offering by the Company for a period of twelve (12) months for an amount equal to the principal amount detailed in this Term Sheet. So long as the Note is outstanding, if the Company enters into a subsequent financing with another individual or entity (a third party) on terms that are more favorable to that third party, the agreements between the Company and the investor shall be amended to include such better terms. During the year ended December 31, 2018, the Company amortized $3,069 of such discount to interest expense. At December 31, 2018, unamortized debt discount was $12,932 and $50,000 of principal was outstanding under the Note.

Notes Payable - Related Party (

Notes Payable - Related Party (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Notes Payable - Related Party	December 31, 2018 December 31, 2017 13.25% unsecured note payable due May 5, 2017 (1) $ 1,250,000 $ 1,250,000 10% unsecured note payable due December 31, 2018 (2) 6,000,000 6,000,000 Less: unamortized discount of imputed interest of 4% (2) - (114,268 ) Total debt 7,250,000 7,135,732 Less: current maturities 7,250,000 7,135,732 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. 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”). 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 valued at $58,375. 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”). 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. On June 30, 2018, we recorded $125,000 penalty as additional interest payable. The penalty payment was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments” (“ASC 470-50”). 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. On July 29, 2018, Berwin agreed to defer repayment of this note to a later date and acknowledged that the Company is not in default regarding this Debenture, and as consideration for the extension, the Company agreed to compensate Berwin with 100,000 shares of restricted common stock valued at $12,000. 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”). (2) On December 30, 2016, in connection with the TBL acquisition, 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. Starting from July 1, 2018, the note bears 10% annual interest. During the year ended December 31, 2018, we accrued 300,000 interest payable.

Convertible Note Payable (Table

Convertible Note Payable (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Convertible Note Payable	December 31, 2018 December 31, 2017 10% convertible note payable due May 10, 2018 (1) $ 50,000 $ 50,000 8% convertible note payable due August 16, 2018 (2) - 267,500 13.5% convertible note payable due February 11, 2020 (3) 44,000 - 12% convertible note payable due May 1, 2019 (4) 380,000 - 12% convertible note payable due December 6, 2019 (5) 45,000 - 10% convertible note payable due September 19, 19 (6) 58,300 - Less: unamortized debt discount on convertible notes (363,265 ) (224,228 ) Total debt 214,535 93,272 Less: current maturities 181,637 93,272 Long-term debt, net of current maturities $ 32,898 $ - (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 May 10, 2018, 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 the term of 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 Global Opportunities 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”). On September 17, 2018, the note holder agreed to defer repayment of this note to December 15, 2018, the Company agreed to compensate the note holder with 50,000 shares of restricted common stock valued at $4,500. On April 4, 2019, note holder confirmed that the Company is not in default with respect to this note. 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”). (2) On November 17, 2017, the Company issued to FirstFire Global Opportunities Fund, LLC, (“FirstFire”) 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 the 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 to be $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. As of December 31, 2018, the Company accounted for the conversion feature as a derivative valued at $454,444 which was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 225%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.07 year. On June 6, 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 (3) On August 11, 2018, the Company borrowed $44,000 from an unaffiliated investor, bearing an interest rate of 12.5% per annum and with a maturity date of February 11, 2020. As part of this transaction the Company also issued (i) warrants having a 24-month term, to purchase 100,000 shares of the Company’s common stock at an exercise price of $0.665 per share and (ii) 44,000 shares of the Company’s restricted common stock. The Note agreements give the lender the right to convert the loan amounts due into common stock at a fixed conversion price of $0.20. The aggregate relative fair value of the warrant was determined to be $9,035 on August 11, 2018, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 221%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 2 year. Fair value of 44,000 shares of common stock was determined to be $5,280 using market price. The aggregate value of the warrant and 44,000 shares of common stock of $14,315 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. During the year ended December 31, 2018, the Company amortized the $815 of such discount to interest expense. At December 31, 2018, unamortized debt discount was $11,101 and $44,000 of principal was outstanding under the Note. (4) On November 1, 2018, the Company entered into a loan transaction with an unaffiliated investor (“Holder”), which funded and closed on November 5, 2018. The Company issued the lender a convertible promissory note (“Note”) dated November 1, 2018, in the principal amount of $380,000 with an original issue discount of 10% and received proceeds of $342,000, before giving effect to certain transactional costs including legal fees on November 5, 2018. As part of this transaction the Company also issued (i) 650,000 shares of the Company’s restricted common stock and two tranches of warrants : (ii) tranche 1 are warrants having a 5-year term to purchase 687,500 shares of the Company’s restricted common stock at an exercise price of $0.20 per share with cashless exercise option and (ii) tranche 2 are warrants having a 5-year term to purchase 2,062,500 shares of the Company’s restricted common stock at an exercise price of $0.20 per share with cashless exercise option. Tranche 2 warrants may be redeemed by the Company for $20,000 (“Call Payment”) beginning on the date of issuance, November 1, 2018, and ending on the date which is 180 calendar days following the issuance date (the “Call”). If Company exercises the Call, then the Company shall make the Call Payment to the Holder within five business days of the date that the Company exercises the Call. If the Call Payment is not made within the required time frame, then the Company will lose its right to exercise the Call for the tranche 2 warrants. The Note accrues interest at 12% per year, and is due and payable on May 1, 2019 (“Maturity Date”). The Company may prepay the Note without prepayment penalty if prepaid during the first 180 days following issuance date. No prepayment is permitted after the initial 180 days from issuance. The Note agreements give the lender the right to convert the loan amounts due into common stock at a conversion price equal to the lesser of (i) 50% multiplied by the lowest trading price during the previous twenty (20) trading day period ending on the latest complete trading day prior to the date of this Note and (ii) 50% multiplied by the during the twenty (20) trading day period ending on the latest complete trading day prior to the conversion date. The aggregate relative fair value of the warrant was determined to be $89,908 on November 1, 2018, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 226%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 5.0 year. Fair value of 650,000 shares of common stock was determined to be $53,300 using allocation of proceeds. The Company accounted for the conversion feature as a derivative valued at $558,923, of which $364,131 was expensed immediately to interest expense. $194,792 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 226%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.50 year. The aggregate value of the original debt discount, warrant, conversion feature and 650,000 shares of common stock of $380,000 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. (5) On December 6, 2018, Foothills Exploration, Inc. (the “Company”), entered into a convertible loan transaction with an unaffiliated investor (“Holder”) in the principal amount of $136,500 (the “Note”). The Note is divided into three tranches, the first tranche of which, in the face amount of $45,500, funded and closed on December 7, 2018, before giving effect to certain transactional costs including legal fees yielding a net of $41,500. The Note carries an original issue discount of $12,000 (the “OID”) prorated to each tranche, to cover the Holder’s accounting fees, due diligence fees, monitoring, and/or other transactional costs incurred in connection with the negotiation, purchase and sale of the Note, which is included in the principal balance of this Note. For each tranche funded under the Note, the Company agreed to issue warrants having a 5-year term to purchase up to 227,500 shares of the Company’s restricted common stock at an exercise price of $0.20 per share with a cashless exercise option. The warrants are subject to adjustment in certain events such as forward or reverse stock splits or if subsequent financings are at terms that are more favorable to persons in subsequent issuances of securities. The Note agreements give the Holder, after the 180 th Each tranche of the Note funded accrues interest at 12% per year. The maturity date for each tranche funded shall be twelve (12) months from the effective date of each payment (each a “Maturity Date”), and is the date upon which the principal sum of each respective tranche, as well as any accrued and unpaid interest and other fees relating to that respective tranche, shall be due and payable. This Company may prepay any amount outstanding under each tranche of this Note, during the initial 60 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 125% multiplied the amount that the Company is prepaying Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 61 st st The Company may not prepay any amount outstanding under each tranche of this Note after the 180 th The aggregate relative fair value of the warrant was determined to be $7,880 on November 1, 2018, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 225%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 5.0 year. The Company accounted for the conversion feature as a derivative valued at $74,970, of which $42,850 was expensed immediately to interest expense. $74,970 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 225%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.00 year. The aggregate value of the original debt discount, warrant and conversion feature of $45,500 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. (6) On December 19, 2018, Foothills Exploration, Inc. (the “Company”), entered into a convertible loan transaction with an unaffiliated investor (“Holder”) in the principal amount of $58,300 (the “Note”), which funded and closed on December 21, 2018, before giving effect to certain transactional costs including legal fees yielding a net of $53,000. The Note carries an original issue discount of $5,300 (the “OID”), to cover the Holder’s accounting fees, due diligence fees, monitoring, and/or other transactional costs incurred in connection with the negotiation, purchase and sale of the Note, which is included in the principal balance of this Note. The Note agreements give the Holder, after the 180 th The Note accrues interest at 10% per year. The maturity date for the Note is September 19, 2019 (“Maturity Date”), and is the date upon which the principal sum, as well as any accrued and unpaid interest, shall be due and payable. This Company may prepay any amount outstanding under this Note, during the initial 60 calendar day period after the issuance of this Note, by making a payment to the Holder of an amount in cash equal to 125% multiplied the amount that the Company is prepaying Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 61 st st The Company may not prepay any amount outstanding under each tranche of this Note after the 180th calendar day after the issuance of the respective tranche of this Note. Any amount of principal or interest due pursuant to this Note, which is not paid by the Maturity Date, shall bear interest at the rate of the lesser of (i) eighteen percent (18%) per annum or (ii) the maximum amount permitted by law from the due date thereof until the same is paid (“Default Interest”). Interest shall commence accruing on the date that each tranche of the Note is fully paid and shall be computed on the basis of a 360-day year and the actual number of days elapsed. Net proceeds obtained in this transaction will be used for general corporate and working capital purposes. No broker-dealer or placement agent was retained or involved in this transaction. The Company accounted for the conversion feature as a derivative valued at $102,942, of which $52,942 was expensed immediately to interest expense. $102,942 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 228%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.75 year. The fair value of the conversion feature of $50,000 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.
Schedule of Fair Value of Embedded Derivatives	The following table reconciles, for the period ended December 31, 2018, the beginning and ending balances for financial instruments that are recognized at fair value in the consolidated financial statements: Balance of embedded derivative as of December 31, 2017 $ 458,387 Additions related to embedded conversion features of convertible debt issued 736,835 Change in fair value of conversion features (50,619 ) Reductions in fair value due to principal repayments and conversion (483,283 ) Balance of embedded derivatives at December 31, 2018 $ 661,320

Common Stock (Tables)

Common Stock (Tables)	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Schedule of Stock Warrant Activity	The following table summarizes all stock warrant activity for the year ended December 31, 2018: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Term 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 Granted 3,077,500 0.22 4.74 Exercised - - - Cancelled or expired - - - Balance outstanding, December 31, 2018 5,761,015 $ 0.82 3.30 Exercisable, December 31, 2018 5,761,015 $ 0.82 3.30
Schedule of Stock Option Activity	The following table summarizes all stock option activity for the year ended December 31, 2018: Number of Option Weighted Average Exercise Price Weighted Average Remaining Contractual Term 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 Granted - - - Exercised - - - Cancelled or expired - - - Balance outstanding, December 31, 2018 2,050,000 $ 2.21 5.26 Exercisable, December 31, 2018 1,500,000 $ 2.29 5.36

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets	2018 2017 Net operating loss carryforward $ (3,373,837 ) $ (2,029,437 ) Stock based compensation 25,638 40,248 Fair value of options 223,879 195,873 Total deferred tax assets (3,115,321 ) (1,793,316 ) Valuation allowance $ 3,115,321 $ 1,793,316 Net deferred tax asset - -
Schedule of Federal Statutory Rate and Effective Tax Rate	2018 2017 U.S federal statutory income tax -21 % -34 % State tax, net of federal tax benefit -3 % -6 % Stock based compensation - % - % Change in valuation allowance 24 % 50 % Effective tax rate - % - %

Supplemental Oil and Gas Rese_2

Supplemental Oil and Gas Reserve Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2018
Oil and Gas Exploration and Production Industries Disclosures [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, 2018 and 2017 are summarized below: December 31, 2018 2017 Net revenues from production: Sales of oil and gas production to third parties $ 2,567,438 $ 155,161 Production costs: Oil and gas lease operating expense (1,648,155 ) (252,753 ) Depletion, depreciation, amortization, accretion, and impairment expense (2,908,787 ) (1,525,784 ) Income tax expense — — Results of operations $ (1,989,504 ) $ (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, 2018 and 2017 are summarized below: 2018 2017 Unproved properties not being amortized $ 106,299 $ 2,509,274 Proved properties subject to amortization 12,752,515 10,762,380 Accumulated depreciation, depletion, and amortization (431,554 ) (18,016 ) Net capitalized costs $ 12,427,260 $ 13,253,638
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, 2018 and 2017: 2018 2017 Proved acreage $ (871,637 ) $ 18,653 Producing assets 184,742 580,158 Incomplete construction (1,501,369 ) 1,501,369 Exploration costs 1,361,886 (148,533 Development costs — — Net capitalized costs $ (826,378 ) $ 1,951,647
Schedule of Estimated Quantities of Proved 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, 2018 and 2017. December 31, Crude Oil Natural Gas Crude Oil Natural Gas (MSTB) (MCF) (MSTB) (MCF) 2018 2018 2017 2017 TOTAL PROVED RESERVES Beginning of year 4,174 8,353 — — Purchases of minerals in place — — 1,622 811 Sales of minerals in place — — — — Extensions and discoveries — — 4,174 8,353 Revisions of previous estimates 161 2,099 (1,620 ) (811 ) Production (764 ) (870 ) — — End of period 4,334 9,582 4,174 8,353 PROVED DEVELOPED RESERVES Proved developed producing — — — — Proved developed nonproducing — — — — End of period — — — — Total proved undeveloped 4,334 9,582 4,174 8,353
Schedule of Standardized Measure of Discounted Future Net Cash Flows	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, 2018 2017 Future cash inflows $ 360,258,000 $ 268,949,000 Future production costs (126,192,000 ) (103,926,000 ) Future development costs (53,250,000 ) (48,000,000 ) Future income tax expense (54,833,123 ) (23,275,919 ) Future net cash flows 125,982,877 93,747,081 10% annual discount for estimated timing of cash flow (77,591,818 ) (68,046,395 ) Standard measure of discounted future net cash flows related to proved reserves $ 48,391,059 $ 25,700,686
Schedule of 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, 2018 and 2017 are: 2018 2017 Balance, beginning of period $ 25,700,686 $ 9,531,132 Sales and transfers of oil and gas produced during the period (1,133,957 ) 97,592 Sales of minerals in place — — Purchases of minerals in place — — Net change in sales price, net of production costs 18,083,915 (4,564,023 ) Net changes due to extensions and discoveries — 50,755,047 Changes in estimated future development costs (1,848,661 ) (25,709,147 ) Previously estimated development costs incurred during the period — — Net change due to revisions in quantity estimates 6,749,925 (16,007,121 ) Other 2,227,581 11,284,522 Accretion of discount 3,599,200 3,599,200 Net change in income tax (4,987,627 ) (3,286,516 ) Balance, end of period $ 48,391,059 $ 25,700,686

Organization, Going Concern, _2

Organization, Going Concern, and Significant Accounting Policies (Details Narrative) - USD ($)	May 16, 2016	Dec. 31, 2018	May 02, 2016
Forward stock split ratio	4:1 forward split of our shares of common stock.
Working capital deficit		$ 15,392,166
Foothills Petroleum Inc. [Member]
Number of acquired shares pre-split			14,100,000
Number of acquired shares post-split			56,400,000
Percentage of voting interest acquired by parent			96.00%

Significant Accounting Polici_2

Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Restricted cash	$ 120,000	$ 240,000
Working interest, percentage	21.62%
Cost incurred to own shares of interest	$ 1,868,370
EOG Resources, Inc. [Member]
Accrued net revenue receivable	31,924
July and August 2018 [Member]
Value on reclamation of two wells	$ 120,000

Significant Accounting Polici_3

Significant Accounting Policies - Schedule of Estimated Useful Lives of Assets (Details)	12 Months Ended
	Dec. 31, 2018
Office Equipment [Member]
Estimated Useful Lives	3 years
Vehicle [Member]
Estimated Useful Lives	5 years
Land [Member]
Estimated Useful Lives, Description	Not depreciated

Significant Accounting Polici_4

Significant Accounting Policies - Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Derivative assets, debt and equity instruments
Derivative liabilities, debt and equity instruments	661,230	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	$ 661,320	$ 458,387

Significant Accounting Polici_5

Significant Accounting Policies - Schedule of Net Earnings (Loss) Per Common Share (Details) - USD ($)		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Net income (loss) available to stockholders		$ (6,585,506)	$ (6,493,871)
Basic net income allocable to participating securities	[1]
Income (loss) available to Foothills Exploration, Inc.'s stockholders		$ (6,585,506)	$ (6,493,871)
Weighted average number of common shares outstanding-Basic		16,992,461	14,418,719
Options and warrants	[2]
Stock Payable	[3]		205,000
Convertible notes		19,504,517	1,800,532	[4]
Weighted average number of common shares outstanding-Diluted		36,496,978	16,424,251
Net income (loss) per share Basic		$ (0.39)	$ (0.45)
Net income (loss) per share Diluted		$ (0.18)	$ (0.40)
[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, 2018, “out of the money” stock options representing 2,050,000 shares and warrants representing 5,761,015 shares were antidilutive and, therefore, excluded from the diluted share calculation. For the year ended December 31, 2017, “out of the money” stock options representing 2,050,000 shares and warrants representing 2,783,515 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.
[4]	For the year ended December 31, 2018 and 2017, convertible notes representing 19,504,517 and 1,800,532 shares were anti-dilutive.

Significant Accounting Polici_6

Significant Accounting Policies - Schedule of Net Earnings (Loss) Per Common Share (Details) (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Stock Options [Member]
Antidilutive securities excluded from computation of earnings per share, amount	2,050,000
Warrants [Member]
Antidilutive securities excluded from computation of earnings per share, amount	5,761,015	2,783,515
Stock Options [Member]
Antidilutive securities excluded from computation of earnings per share, amount		2,050,000
Stock Payable [Member]
Antidilutive securities excluded from computation of earnings per share, amount		205,000
Convertible Notes [Member]
Antidilutive securities excluded from computation of earnings per share, amount	19,504,517	1,800,532

Property and Equipment (Details

Property and Equipment (Details Narrative)	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)aft²
Percentage of ownership interest acquired		21.62%
Revenue interest rate of percentage		17.10%
Incurred cost for wells	$ 1,868,370	$ 1,479,282
Costs for drilling and completing two well	3,347,776
Impairment expense	1,521,776
Area of land | ft²		8,795
Incurred costs		$ 1,209,675
Costs charged to impairment expense		1,352,982
Impairment of oil and gas property	2,474,714	1,507,768
Depreciation, depletion and amortization of oil and gas	411,821	18,017
Depreciation expense	1,686	31
Office Furniture, Equipment, and Other [Member]
Depreciation expense	$ 7,484	8,632
Total Belief Limited [Member]
Promissory note		6,000,000
Unamortization of debt discount		(342,804)
Note bears interest percentage	10.00%
Springs Project [Member]
Impairment expense	$ 78,469
Incurred costs		3,750
Impairment of oil and gas property		154,787
Duck Creek Wells [Member]
Impairment expense	88,810
Incurred costs		291,659
Capitalized workover costs	8,821	79,989
Fremont County, Wyoming [Member]
Incurred costs		$ 22,691
Utah [Member]
Area of land | a		6,000
Incurred costs	20,000
Incurred cost for exploration and development		$ 100,191
Paw Paw and Ironwood [Member]
Impairment expense	778,034
Incurred cost for exploration and development	$ 312	$ 379,498

Property and Equipment - Schedu

Property and Equipment - Schedule of Oil and Gas Properties, Net (Details) - USD ($)		Dec. 31, 2018	Dec. 31, 2017
Unproved leasehold		$ 106,299	$ 2,509,274
Proved leasehold		12,752,515	10,762,380
Total oil and gas properties		12,427,260	13,253,638
Oil and Gas Properties [Member]
Unproved leasehold	[1]	106,299	977,936
Proved leasehold		11,915,695	10,094,760
Properties subject to depletion, net of depletion		121,110	580,158
Exploratory wells - construction-in-progress	[1],[2]		1,479,282
Total oil and gas properties		$ 12,143,103	$ 13,132,136
[1]	Not subject to depletion
[2]	Reclassified from exploratory to properties subject to amortization at December 31, 2018.

Property and Equipment - Sche_2

Property and Equipment - Schedule of Cost Incurred in Oil and Gas Properties (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Acquisition Costs	$ 1,868,370
Exploration and Development Costs	(826,378)	$ 1,951,647
Oil and Gas Properties [Member]
Acquisition Costs	10,252,568
Exploration and Development Costs	6,302,854
Disposition of Assets
Depreciation, Depletion, Amortization, and Impairment	(4,412,319)
Net cost Incurred in Oil and Gas Properties	12,143,103
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
Oil and Gas Properties [Member] | 2018 [Member]
Acquisition Costs
Exploration and Development Costs	1,897,502
Disposition of Assets
Depreciation, Depletion, Amortization, and Impairment	(2,886,535)
Net cost Incurred in Oil and Gas Properties	$ 989,033

Property and Equipment - Sche_3

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)		Dec. 31, 2018	Dec. 31, 2017
Property and equipment, net		$ 6,337	$ 13,821
Office Furniture, Equipment, and Other [Member]
Accumulated depreciation		(16,116)	(8,632)
Property and equipment, net		6,337	13,821
Computer Equipment and Fixtures [Member] | Office Furniture, Equipment, and Other [Member]
Properties and equipment, gross		22,453	22,453
Support Facilities and Equipment [Member]
Accumulated depreciation		(1,717)	(31)
Construction in progress	[1]		22,087
Property and equipment, net		284,157	121,502
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
Support Facilities and Equipment [Member] | Uinta Basin Facilities [Member]
Properties and equipment, gross		$ 186,428
[1]	Facilities constructed in conjunction with drilling for our two exploratory horizontal wells in Uintah County, Utah, not subject to depreciation. During the months ended September 30, 2018, construction-in-progress was reclassified to Uinta Basin facilities and became eligible for depreciation upon the completion of the construction.

Asset Retirement Obligation (De

Asset Retirement Obligation (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]
Accretion expense	$ 13,081	$ 11,668

Asset Retirement Obligation - S

Asset Retirement Obligation - Schedule of Changes in Asset Retirement Obligations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]
Beginning asset retirement obligations	$ 303,327	$ 291,659
Liabilities established	23,709
Accretion expense	13,081	11,668
Ending asset retirement obligations	$ 340,117	$ 303,327

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	Aug. 11, 2018	Nov. 17, 2017	Nov. 07, 2017	Sep. 29, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 19, 2018
Fair value of warrant			$ 3,381
Amortization of debt discount amount					$ 572,386	$ 377,080
Debt principal amount	$ 44,000	$ 267,500	$ 50,000		50,000
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
Number of common stock shares issued			50,000	136,015		275,000
Warrants to purchase common stock			50,000	136,015
Warrant exercise price per share		$ 1	$ 1	$ 1
Interest expense				$ 59,801	2,247,011	$ 930,923
Shares issued for extension						270,000
Promissory Note [Member]
Amortization of debt discount amount					67,113	105,272
Interest expense					433,350	213,852
Shares issued for extension					68,376	0
Penalty payment					$ 100,000	0
Wilshire Energy Partners, LLC [Member]
Number of common stock shares issued				100,752
Warrants to purchase common stock				100,752
Expected Life [Member]
Fair value assumptions input, term	2 years	1 year 6 months	1 year 6 months	3 years
Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member]
Fair value assumptions input, percentages	221.00%	78.00%	77.00%	94.00%
Black-Scholes Option Pricing Model [Member] | Discount Rate [Member]
Fair value assumptions input, percentages	0.00%	0.00%	0.00%	0.00%	0.00%		0.00%
Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member]
Fair value assumptions input, percentages	0.00%	0.00%	0.00%	0.00%	0.00%		0.00%
Tranches Three Warrant [Member]
Fair value of warrant				$ 105,000
Unamortization of debt discount				$ 2,536
Debt instrument interest rate				4.00%
Amortization of debt discount amount				$ 107,536	$ 2,264
Debt principal amount						$ 250,000
Warrant exercise price , description				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).
Tranches Three Warrant [Member] | Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member]
Fair value assumptions input, percentages				94.00%
Tranches Three Warrant [Member] | Black-Scholes Option Pricing Model [Member] | Discount Rate [Member]
Fair value assumptions input, percentages				0.00%
Tranches Three Warrant [Member] | Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member]
Fair value assumptions input, percentages				0.00%
Tranches Three Warrant [Member] | Black-Scholes Option Pricing Model [Member] | Expected Life [Member]
Fair value assumptions input, term				3 months 4 days
Tranches Three Warrant [Member] | Black-Scholes Option Pricing Model [Member] | Expected Life [Member] | Minimum [Member]
Fair value assumptions input, term				2 years
Tranches Three Warrant [Member] | Black-Scholes Option Pricing Model [Member] | Expected Life [Member] | Maximum [Member]
Fair value assumptions input, term				3 years

Notes Payable - Schedule of Out

Notes Payable - Schedule of Outstanding Amounts of Notes Payable (Details) - USD ($)		Dec. 31, 2018	Dec. 31, 2017
Less: current maturities		$ 1,595,697	$ 1,418,365
Unsecured Note Payable One [Member]
Total debt	[1]
Unsecured Note Payable Two [Member]
Total debt	[2]	1,050,000	1,050,000
Unsecured Note Payable Three [Member]
Total debt	[3]	250,000	250,000
Unsecured Note Payable Four [Member]
Total debt	[4]	120,629	120,629
Unsecured Note Payable Five [Member]
Total debt	[5]	38,000
Unsecured Note Payable Six [Member]
Total debt	[6]	100,000
Unsecured Note Payable Seven [Member]
Total debt	[7]	50,000
Unsecured Note Payable [Member]
Unamortization of debt discount		(12,932)	(2,264)
Total debt		1,595,697	1,418,365
Less: current maturities		1,595,697	1,418,365
Long-term debt, net of current maturities
[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"). 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 valued at $46,700. 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"). 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. On June 30, 2018, we recorded $100,000 penalty as additional interest payable. The penalty payment was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 “Debt – Modifications and Extinguishments - ("ASC 470-50"). On July 29, 2018, 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, and as consideration for the extension, the Company agreed to compensate Profit Well with 100,000 shares of restricted common stock valued at $12,000. 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"). On July 29, 2018, 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, and as consideration for the extension, the Company agreed to compensate Profit Well with 100,000 shares of restricted common stock valued at $12,000. 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 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 with 75,000 shares of the Company's restricted common stock in connection with a more favorable term of a note entered into with FirstFire Global Opportunities 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 Global Opportunities 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.
[4]	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. On August 22, 2018, the Note Holder 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 agreed to issue the Note Holder 60,000 shares of its restricted common stock. 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").
[5]	On July 19, 2018, the Company borrowed $38,000 from an unaffiliated investor with an original discount of $3,207. The Note recites that it accrues no interest if paid when due and is due and payable on August 6, 2018. If principal is not paid on or before maturity, interest will accrue at the rate of 10% per year until paid. In connection with the issuance of this note, the Company issued 300,000 shares for late SEC filing, valued at $36,000. $74 imputed interest was recorded as debt discount. $74 was determined using the present value method based on the following assumptions: (i) adjusted interest rate 4% (ii) expected life of 0.05 year. The relative aggregate value of the shares and imputed interest was determined to be $32,793 using the allocation of proceed, $32,793 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. Pursuant to this Note, the investor shall be assigned an undivided two percent (2%) overriding royalty of all oil, gas, and other minerals and hydrocarbons produced, saved, and sold from each well now or hereinafter located on certain leases and wells owned by the Company. On August 23, 2018, the lender agreed to defer repayment of this note to a later date and acknowledged that the Company is not in default regarding this Debenture, and as consideration for the extension, the Company agreed to compensate the lender with 15,000 shares of restricted common stock valued at $1,950. 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 nine months ended September 30, 2018, the Company amortized the remaining $38,000 of such discount to interest expense. At September 30, 2018, $38,000 of principal was outstanding under the Note.
[6]	On September 14, 2018, the Company borrowed $100,000 from an unaffiliated investor, bearing an interest rate of 9% per annum and with a maturity date of December 15, 2018. In connection with the issuance of this note, the Company issued 250,000 shares of its common stock, valued at $22,500, which 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 nine months ended September 30, 2018, the Company amortized $3,913 of such discount to interest expense. At September 30, 2018, unamortized debt discount was $18,587 and $100,000 of principal was outstanding under the Note.
[7]	On October 22, 2018, the Company issued a term sheet to an unaffiliated investor for a promissory note in the principal amount of $50,000 with a Volumetric Production Payment (“VPP”) equal to 1,250 barrels of oil equivalent (“BOE”). The Note has a maturity date of October 22, 2019, with the Principal and accrued unpaid interest due in full at Maturity. VPP will be made after deduction of 20% royalties due to mineral owners, paid within the term on the Note and at the discretion of the Company as to amount and volume; provided, however, that the VPP for any month shall not be less than 5% of the month’s total crude oil sales. Payment may be made “in-kind” at the election of the Investor. If election is made by Investor to be paid “in-kind,” then Investor shall bear responsibility for paying mineral owner royalties due on said “in-kind” payments. All VPP’s to be made from the production of the Company’s operating subsidiaries, Foothills Exploration Operating, Inc. and Tiger Energy Operating, LLC, from the well bores of the Company’s Duck Creek wells, subject to the terms of the Leases covering such wells. Such VPP will continue until paid in full, regardless of payment in full of the Note and shall be secured by the assets. In the event that the West Texas Intermediate (WTI) crude oil market price closes below USD $40.00 per barrel for 10 consecutive trading days, the Investor shall be allocated a revised VPP equal to 2 times the remaining VPP barrels left over at that time. Pursuant to this Note, the investor shall be assigned an un undivided one-half percent (0.5%) overriding royalty interest (“ORRI”) in all oil, gas and other minerals produced, saved, and marketed from each well now or hereinafter located on wells owned by the Company, subject to the terms of the Leases covering such wells. Upon any default in payment of principal hereunder, the Company shall pay interest on the principal balance of this Note then outstanding and on the accrued but unpaid interest from the date of such default until such default is cured and the Note paid in full at the rate of Fifteen Percent (15%). The Company agreed to issue the investor 200,000 shares of the Company’s restricted common stock as additional consideration for entering into the Note with the Company, valued at $16,000, which 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. Pursuant to this Note, Investor has the right to participate in any future offering by the Company for a period of twelve (12) months for an amount equal to the principal amount detailed in this Term Sheet. So long as the Note is outstanding, if the Company enters into a subsequent financing with another individual or entity (a third party) on terms that are more favorable to that third party, the agreements between the Company and the investor shall be amended to include such better terms. During the year ended December 31, 2018, the Company amortized $3,069 of such discount to interest expense. At December 31, 2018, unamortized debt discount was $12,932 and $50,000 of principal was outstanding under the Note.

Notes Payable - Schedule of O_2

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

Oct. 22, 2018USD ($)Mcfe$ / shares

Sep. 17, 2018USD ($)shares

Sep. 14, 2018USD ($)shares

Aug. 23, 2018USD ($)shares

Aug. 22, 2018shares

Aug. 11, 2018USD ($)

Jul. 29, 2018USD ($)shares

Jul. 19, 2018USD ($)shares

Jun. 30, 2018USD ($)

Feb. 28, 2018USD ($)shares

Dec. 30, 2017shares

Nov. 17, 2017USD ($)$ / shares

Nov. 07, 2017USD ($)$ / sharesshares

Nov. 06, 2017shares

Nov. 03, 2017USD ($)shares

Nov. 03, 2017

Sep. 29, 2017USD ($)$ / sharesshares

Sep. 29, 2017USD ($)$ / sharesshares

Aug. 14, 2017USD ($)

Aug. 09, 2017USD ($)

Dec. 31, 2018USD ($)shares

Dec. 31, 2017USD ($)shares

Nov. 02, 2017

Jun. 01, 2017

May 18, 2017

Jan. 05, 2017USD ($)

Debt principal amount

$ 44,000

$ 267,500

$ 50,000

$ 50,000

Repayments of notes payable

$ 1,000,000

Gain on extinguishment of debt

274,846

$ 48,407

Number of restricted stock award issued | shares

50,000

Value of restricted stock award issued

$ 4,500

Warrants to purchase common stock | shares

50,000

136,015

136,015

Warrant exercise price per share | $ / shares

$ 1

$ 1

$ 1

$ 1

Number of shares issued | shares

50,000

136,015

275,000

Number of shares issued, value

$ 270,000

Interest expense

$ 59,801

$ 2,247,011

930,923

Expected Life [Member]

Fair value assumptions input, term

2 years

1 year 6 months

1 year 6 months

3 years

Tranches Three Warrant [Member]

Debt instrument interest rate

4.00%

4.00%

Debt principal amount

$ 250,000

Convertible Note Payable Two [Member]

Debt instrument interest rate

8.00%

8.00%

Debt maturity date

Aug. 16, 2018

Aug. 16, 2018

Profit Well Limited [Member] | Convertible Note Payable Two [Member]

Number of restricted stock award issued | shares

100,000

Value of restricted stock award issued

$ 12,000

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

Repayments of notes payable

$ 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

Penalty payment

$ 100,000

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 | shares

200,000

100,000

Value of restricted stock award issued

$ 46,700

$ 48,000

Penalty payment

$ 100,000

Unsecured Note Payable Three [Member]

Debt instrument interest rate

0.00%

0.00%

Debt maturity date

Jan. 2, 2018

Jan. 2, 2018

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

Warrants to purchase common stock | shares

375,000

375,000

Warrant exercise price per share | $ / shares

$ 0.665

$ 0.665

Warrant maturity date

Sep. 29, 2019

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

Warrants to purchase common stock | shares

375,000

375,000

Warrant exercise price per share | $ / shares

$ 1.25

$ 1.25

Warrant maturity date

Sep. 29, 2020

Unsecured Note Payable Three [Member] | Unaffiliated Investor [Member] | Tranches Three Warrant [Member]

Warrants to purchase common stock | shares

185,000

185,000

Warrant exercise price per share | $ / shares

$ 2

$ 2

Warrant maturity date

Sep. 29, 2020

Unsecured Note Payable Three [Member] | Unaffiliated Investor [Member] | Promissory Note and 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 | shares

30,000

75,000

Aggregate consideration of warrants

$ 250,000

$ 250,000

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

Debt instrument interest rate

10.00%

Unsecured Note Payable Four [Member]

Debt instrument interest rate

12.00%

12.00%

12.00%

Debt maturity date

Jun. 30, 2018

Dec. 31, 2018

Dec. 31, 2018

Unsecured Note Payable Four [Member] | Note Holder [Member]

Number of restricted stock award issued | shares

60,000

Unsecured Note Payable Five [Member]

Debt instrument interest rate

4.00%

0.00%

0.00%

Debt maturity date

Aug. 6, 2018

Aug. 6, 2018

Debt principal amount

$ 32,793

$ 38,000

Number of restricted stock award issued | shares

15,000

Value of restricted stock award issued

$ 1,950

Interest expense

$ 38,000

Unsecured Note Payable Five [Member] | Oil Gas and Other Minerals [Member]

Royalty percentage

2.00%

Unsecured Note Payable Five [Member] | Expected Life [Member]

Fair value assumptions input, term

18 days

Unsecured Note Payable Five [Member] | Unaffiliated Investor [Member]

Debt instrument interest rate

10.00%

Debt maturity date

Aug. 6, 2018

Debt principal amount

$ 38,000

Original discount

$ 3,207

Number of shares issued | shares

300,000

Number of shares issued, value

$ 36,000

Imputed interest amount

74

Unamortized of debt discount

74

Proceeds from issuance debt

$ 32,793

Unsecured Note Payable Six [Member]

Debt instrument interest rate

9.00%

9.00%

9.00%

Debt maturity date

Dec. 15, 2018

Dec. 15, 2018

Dec. 15, 2018

Debt principal amount

$ 100,000

$ 100,000

Number of shares issued | shares

250,000

Number of shares issued, value

$ 22,500

Interest expense

$ 22,500

Unsecured Note Payable Seven [Member]

Debt instrument interest rate

5.00%

8.00%

8.00%

Debt maturity date

Oct. 22, 2019

Oct. 22, 2018

Oct. 22, 2018

Debt principal amount

$ 50,000

$ 50,000

Number of restricted stock award issued | shares

200,000

Unamortized of debt discount

$ 12,932

Royalty percentage

20.00%

0.50%

Interest expense

$ 3,069

Volumetric production payment | Mcfe

1,250

Market price per barrel | $ / shares

$ 40

Debt description

Upon any default in payment of principal hereunder, the Company shall pay interest on the principal balance of this Note then outstanding and on the accrued but unpaid interest from the date of such default until such default is cured and the Note paid in full at the rate of Fifteen Percent (15%).

Additional consideration

$ 16,000

Notes Payable - Related Party_2

Notes Payable - Related Party (Details Narrative) - USD ($)	Sep. 17, 2018	Jul. 29, 2018	Jun. 30, 2018	Feb. 28, 2018	Nov. 03, 2017	May 04, 2017	Jan. 05, 2017	Dec. 31, 2018	Dec. 31, 2017
Number of restricted stock award issued, shares	50,000
Number of restricted stock issued, value	$ 4,500
Amortization of discount								$ 572,386	$ 377,080
Shares issued for extension									270,000
Berwin Trading Limited [Member]
Number of restricted stock award issued, shares								350,000
Number of restricted stock issued, value							$ 1,250,000	$ 70,375
Penalty payment								125,000
Interest expense								778,393
Amortization of discount								114,268
Shares issued for extension								$ 70,375
Berwin Trading Limited [Member]
Debt instrument, maturity date				Jun. 30, 2018		Jun. 20, 2017
Number of restricted stock award issued, shares		100,000		250,000	100,000
Number of restricted stock issued, value		$ 12,000		$ 58,375	$ 48,000
Penalty payment			$ 125,000	$ 125,000					0
Interest expense									394,974
Amortization of discount									228,536
Shares issued for extension									$ 0
Berwin Trading Limited [Member] | Minimum [Member]
Debt interest rate						9.00%
Berwin Trading Limited [Member] | Maximum [Member]
Debt interest rate						13.50%

Notes Payable - Related Party -

Notes Payable - Related Party - Schedule of Notes Payable - Related Party (Details) - USD ($)		Dec. 31, 2018	Dec. 31, 2017
Total debt		$ 7,250,000	$ 7,135,732
Less: current maturities		7,250,000	7,135,732
Long-term debt, net of current maturities
Unsecured Note Payable [Member]
Total debt	[1]	1,250,000	1,250,000
Unsecured Note Payable One [Member]
Less: unamortized discount of imputed interest of 4%	[2]		(114,268)
Total debt		$ 6,000,000	$ 6,000,000
[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.
[2]	On December 30, 2016, in connection with the TBL acquisition, 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.

Notes Payable - Related Party_3

Notes Payable - Related Party - Schedule of Notes Payable - Related Party (Details) (Parenthetical) - USD ($)	Feb. 28, 2018	May 04, 2017	Dec. 31, 2018	Dec. 31, 2017	Aug. 11, 2018	Jul. 01, 2018	Nov. 17, 2017	Nov. 07, 2017	Jan. 05, 2017	Dec. 30, 2016
Debt principal amount			$ 50,000		$ 44,000		$ 267,500	$ 50,000
Berwin Trading Limited [Member]
Debt instrument, maturity date	Jun. 30, 2018	Jun. 20, 2017
Unsecured Note Payable [Member]
Debt instrument interest rate			13.25%	13.25%
Debt instrument, maturity date			May 5, 2017	May 5, 2017
Unsecured Note Payable [Member] | Berwin Trading Limited [Member]
Borrowed amount									$ 1,250,000
Percentage of beneficial ownership									20.00%
Loan bear interest rate									9.00%
Debt default rate									11.00%
Unsecured Note Payable One [Member]
Debt instrument interest rate			0.00%	0.00%
Debt instrument, maturity date			Sep. 30, 2018	Sep. 30, 2018
Loan bear interest rate						10.00%
Imputed interest rate			0.04	0.04
Debt principal amount										$ 6,000,000
Debt discount amount										$ 342,804
Interest payable			$ 300,000

Convertible Note Payable (Detai

Convertible Note Payable (Details Narrative)	Dec. 19, 2018USD ($)Integer	Dec. 06, 2018USD ($)Integer$ / sharesshares	Nov. 06, 2018USD ($)	Nov. 01, 2018USD ($)$ / sharesshares	Sep. 17, 2018USD ($)shares	Sep. 13, 2018USD ($)shares	Sep. 06, 2018USD ($)shares	Aug. 11, 2018USD ($)$ / sharesshares	Aug. 11, 2018USD ($)$ / sharesshares	Jun. 06, 2018USD ($)shares	Jan. 16, 2018USD ($)	Nov. 17, 2017USD ($)Integer$ / sharesshares	Nov. 07, 2017USD ($)$ / sharesshares	Sep. 29, 2017USD ($)$ / sharesshares	May 10, 2017USD ($)	Dec. 31, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)shares
Number of common stock shares issued | shares													50,000	136,015			275,000
Warrants to purchase common stock | shares													50,000	136,015
Warrant exercise price per share | $ / shares												$ 1	$ 1	$ 1
Warrant expiration date													May 7, 2019
Conversion price per share | $ / shares								$ 0.665	$ 0.665				$ 0.665
Fair value of warrants													$ 3,381
Debt instrument repayment date					Dec. 15, 2018
Number of restricted stock award issued | shares					50,000
Number of restricted stock issued, value					$ 4,500
Debt instrument face amount								$ 44,000	$ 44,000			$ 267,500	$ 50,000			$ 50,000
Proceeds from debt																472,000	$ 300,000
Proceeds from issuance of common stock																	270,000
Interest expense														$ 59,801		2,247,011	930,923
Derivative liability																661,320	458,387
Debt principle payment																320,000
Number of shares issued, value																	270,000
Gain on extinguishment of debt																274,846	48,407
Amortization of debt discount amount																572,386	377,080
Legal fees											$ 2,500
First Fire Opportunity Fund LLC [Member]
Debt instrument interest rate										10.00%
Number of common stock shares issued | shares							100,000
Debt conversion description										The Company agreed to pay the remaining balance of $229,025 on or before thirty-five (35) days from June 5th, 2018. The Note may be converted if the Note Balance is not paid on or before thirty-five (35) days from June 5th 2018.
Debt principle payment							$ 50,000			$ 100,000
Remaining balance										$ 229,025
Number of shares issued, value							9,000
First Fire Opportunity Fund LLC [Member]
Debt instrument interest rate												8.00%
Debt instrument, maturity date												Aug. 17, 2018
Number of common stock shares issued | shares						25,000						60,000
Warrants to purchase common stock | shares												267,500
Warrant exercise price per share | $ / shares												$ 1
Conversion price per share | $ / shares												$ 0.665
Fair value of warrants												$ 10,750
Number of restricted stock award issued | shares												60,000
Debt instrument face amount												$ 267,500
Proceeds from debt												$ 250,000
Warrant term												18 months
Debt conversion description												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.
Conversion percentage												50.00%
Trading days | Integer												20
Proceeds from issuance of common stock												$ 18,250
Converted derivative value			$ 283,580									288,964
Interest expense												67,964				529,121	49,071
Debt principle payment			220,000
Number of shares issued, value						$ 11,250
Gain on extinguishment of debt			$ 283,580
Amortization of debt discount amount																389,078	0
Amount for shares issued for note extension																24,750	$ 0
First Fire Opportunity Fund LLC [Member] | On or Before October 26, 2018 [Member] | Debt Settled [Member]
Debt principle payment							$ 210,000
Investor [Member]
Number of restricted stock award issued | shares										150,000
Number of restricted stock issued, value										$ 30,000
Unaffiliated Investor [Member]
Borrowing from unrelated party				$ 6,500,000				$ 44,000	$ 44,000							$ 44,000
Debt instrument interest rate	10.00%	12.00%						12.50%	12.50%
Debt instrument, maturity date									Feb. 11, 2020
Number of common stock shares issued | shares				650,000					44,000
Warrants to purchase common stock | shares		227,500		380,000				100,000	100,000
Warrant exercise price per share | $ / shares		$ 0.20		$ 0.20				$ 0.665	$ 0.665							$ 0.20
Conversion price per share | $ / shares								$ 0.20	$ 0.20
Fair value of warrants				$ 89,908					$ 9,035			$ 7,880
Fair value assumptions, measurement input, term		5 years
Number of restricted stock award issued | shares				650,000
Debt instrument face amount	$ 58,300	$ 136,500														$ 45,500
Proceeds from debt				$ 342,000
Warrant term				5 years				24 months	24 months							5 years
Debt conversion description				The Note accrues interest at 12% per year, and is due and payable on May 1, 2019 ("Maturity Date"). The Company may prepay the Note without prepayment penalty if prepaid during the first 180 days following issuance date. No prepayment is permitted after the initial 180 days from issuance. The Note agreements give the lender the right to convert the loan amounts due into common stock at a conversion price equal to the lesser of (i) 50% multiplied by the lowest trading price during the previous twenty (20) trading day period ending on the latest complete trading day prior to the date of this Note and (ii) 50% multiplied by the during the twenty (20) trading day period ending on the latest complete trading day prior to the conversion date.
Conversion percentage	60.00%	50.00%
Trading days | Integer	25	20
Proceeds from issuance of common stock				$ 53,300
Converted derivative value	$ 102,942	$ 74,970		558,923
Interest expense	52,942	42,850		364,131
Number of shares issued, value				$ 380,000					$ 14,315
Unamortization of debt discount	5,300	12,000														$ 11,101
Fair value of common stock, shares | shares								44,000	44,000
Fair value of market price								$ 5,280	$ 5,280
Amortization of debt discount amount																$ 815
Original issue discount				10.00%
Call payment				$ 20,000
Legal fees	$ 53,000	$ 41,500
Debt description	The maturity date for the Note is September 19, 2019 ("Maturity Date"), and is the date upon which the principal sum, as well as any accrued and unpaid interest, shall be due and payable. This Company may prepay any amount outstanding under this Note, during the initial 60 calendar day period after the issuance of this Note, by making a payment to the Holder of an amount in cash equal to 125% multiplied the amount that the Company is prepaying Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 61st through 120 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 135% multiplied the amount that the Company is prepaying. Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 121st through 180 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 140% multiplied the amount that the Company is prepaying.	This Company may prepay any amount outstanding under each tranche of this Note, during the initial 60 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 125% multiplied the amount that the Company is prepaying Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 61st through 120 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 135% multiplied the amount that the Company is prepaying.
Debt outstanding description	The Company may not prepay any amount outstanding under each tranche of this Note after the 180th calendar day after the issuance of the respective tranche of this Note. Any amount of principal or interest due pursuant to this Note, which is not paid by the Maturity Date, shall bear interest at the rate of the lesser of (i) eighteen percent (18%) per annum or (ii) the maximum amount permitted by law from the due date thereof until the same is paid ("Default Interest").	The Company may not prepay any amount outstanding under each tranche of this Note after the 180th calendar day after the issuance of the respective tranche of this Note. Any amount of principal or interest due pursuant to this Note, which is not paid by the Maturity Date, shall bear interest at the rate of the lesser of (i) fifteen percent (15%) per annum or (ii) the maximum amount permitted by law from the due date thereof until the same is paid ("Default Interest").
Original debt discount, warrant and conversion feature		$ 45,500
Fair value of conversion feature	$ 50,000
Unaffiliated Investor [Member] | Tranche 1 [Member]
Warrants to purchase common stock | shares				687,500
Warrant exercise price per share | $ / shares				$ 0.20
Debt instrument face amount		$ 45,500
Warrant term				5 years
Unaffiliated Investor [Member] | Tranche 2 [Member]
Warrants to purchase common stock | shares				2,062,500
Warrant exercise price per share | $ / shares				$ 0.20
Warrant term				5 years
Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member]
Fair value assumptions, measurement input, percentages	228.00%
Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member] | Minimum [Member]
Fair value assumptions, measurement input, percentages																144.00%
Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member] | Maximum [Member]
Fair value assumptions, measurement input, percentages																230.00%
Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member] | FirstFire Global Opportunities Fund, LLC [Member]
Fair value assumptions, measurement input, percentages			226.00%									78.00%				225.00%	77.00%
Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member] | Unaffiliated Investor [Member]
Fair value assumptions, measurement input, percentages				226.00%				221.00%	221.00%							225.00%
Black-Scholes Option Pricing Model [Member] | Discount Rate [Member]
Fair value assumptions, measurement input, percentages	0.00%							0.00%	0.00%			0.00%	0.00%	0.00%		0.00%
Black-Scholes Option Pricing Model [Member] | Discount Rate [Member] | FirstFire Global Opportunities Fund, LLC [Member]
Fair value assumptions, measurement input, percentages			0.00%									0.00%				0.00%	0.00%
Black-Scholes Option Pricing Model [Member] | Discount Rate [Member] | Unaffiliated Investor [Member]
Fair value assumptions, measurement input, percentages				0.00%				0.00%	0.00%							0.00%
Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member]
Fair value assumptions, measurement input, percentages	0.00%							0.00%	0.00%			0.00%	0.00%	0.00%		0.00%
Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member] | FirstFire Global Opportunities Fund, LLC [Member]
Fair value assumptions, measurement input, percentages			0.00%									0.00%				0.00%	0.00%
Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member] | Unaffiliated Investor [Member]
Fair value assumptions, measurement input, percentages				0.00%				0.00%	0.00%							0.00%
Black-Scholes Option Pricing Model [Member] | Expected Life [Member]
Fair value assumptions, measurement input, term	9 months
Black-Scholes Option Pricing Model [Member] | Expected Life [Member] | Minimum [Member]
Fair value assumptions, measurement input, term																3 months 29 days
Black-Scholes Option Pricing Model [Member] | Expected Life [Member] | Maximum [Member]
Fair value assumptions, measurement input, term																11 months 4 days
Black-Scholes Option Pricing Model [Member] | Expected Life [Member] | FirstFire Global Opportunities Fund, LLC [Member]
Fair value assumptions, measurement input, term			2 months 30 days									9 months				26 days	7 months 6 days
Black-Scholes Option Pricing Model [Member] | Expected Life [Member] | Unaffiliated Investor [Member]
Fair value assumptions, measurement input, term								2 years
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member]
Fair value assumptions, measurement input, percentages				226.00%												77.00%
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member] | FirstFire Global Opportunities Fund, LLC [Member]
Fair value assumptions, measurement input, percentages												78.00%
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Discount Rate [Member]
Fair value assumptions, measurement input, percentages				0.00%												0.00%
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Discount Rate [Member] | FirstFire Global Opportunities Fund, LLC [Member]
Fair value assumptions, measurement input, percentages												0.00%
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member]
Fair value assumptions, measurement input, percentages				0.00%												0.00%
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member] | FirstFire Global Opportunities Fund, LLC [Member]
Fair value assumptions, measurement input, percentages												0.00%
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Expected Life [Member]
Fair value assumptions, measurement input, term				5 years												1 year 6 months
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Expected Life [Member] | FirstFire Global Opportunities Fund, LLC [Member]
Fair value assumptions, measurement input, term												1 year 6 months
Warrants One [Member] | Black-Scholes Option Pricing Model [Member]
Fair value of warrants				$ 194,792
Warrants One [Member] | Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member]
Fair value assumptions, measurement input, percentages				226.00%
Warrants One [Member] | Black-Scholes Option Pricing Model [Member] | Discount Rate [Member]
Fair value assumptions, measurement input, percentages				0.00%
Warrants One [Member] | Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member]
Fair value assumptions, measurement input, percentages				0.00%
Warrants One [Member] | Black-Scholes Option Pricing Model [Member] | Expected Life [Member]
Fair value assumptions, measurement input, term				6 months
Warrants Two [Member] | Black-Scholes Option Pricing Model [Member]
Fair value of warrants				$ 7,880
Warrants Two [Member] | Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member]
Fair value assumptions, measurement input, percentages				225.00%
Warrants Two [Member] | Black-Scholes Option Pricing Model [Member] | Discount Rate [Member]
Fair value assumptions, measurement input, percentages				0.00%
Warrants Two [Member] | Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member]
Fair value assumptions, measurement input, percentages				0.00%
Warrants Two [Member] | Black-Scholes Option Pricing Model [Member] | Expected Life [Member]
Fair value assumptions, measurement input, term				5 years
Warrants Three [Member] | Black-Scholes Option Pricing Model [Member]
Fair value of warrants				$ 74,970
Warrants Three [Member] | Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member]
Fair value assumptions, measurement input, percentages				225.00%
Warrants Three [Member] | Black-Scholes Option Pricing Model [Member] | Discount Rate [Member]
Fair value assumptions, measurement input, percentages				0.00%
Warrants Three [Member] | Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member]
Fair value assumptions, measurement input, percentages				0.00%
Warrants Three [Member] | Black-Scholes Option Pricing Model [Member] | Expected Life [Member]
Fair value assumptions, measurement input, term				1 year
Private Placement [Member]
Common stock selling price percentage															100.00%
Debt instrument, convertible date															May 10, 2018
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, 2018	Dec. 31, 2017
Less: current maturities		$ 181,637	$ 93,272
Long-term debt, net of current maturities		32,898
Convertible Note Payable One [Member]
Total debt	[1]	50,000	50,000
Convertible Note Payable Two [Member]
Total debt	[2]		267,500
Convertible Note Payable Three [Member]
Total debt	[3]	44,000
Convertible Note Payable Four [Member]
Total debt	[4]	380,000
Convertible Note Payable Five [Member]
Total debt	[5]	45,000
Convertible Note Payable Six [Member]
Total debt	[6]	58,300
Convertible Note Payable [Member]
Less: unamortized debt discount on convertible notes		(363,265)	(224,228)
Total debt		214,535	93,272
Less: current maturities		181,637	93,272
Long-term debt, net of current maturities		$ 32,898
[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 May 10, 2018, 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 the term of 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 Global Opportunities 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"). On September 17, 2018, the note holder agreed to defer repayment of this note to December 15, 2018, the Company agreed to compensate the note holder with 50,000 shares of restricted common stock valued at $4,500. 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").
[2]	On November 17, 2017, the Company issued to FirstFire Global Opportunities Fund, LLC, ("FirstFire") 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 the 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 to be $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. As of September 30, 2018, Company accounted for the conversion feature as a derivative valued at $454,444 which was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 225%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.07 year. On June 6, 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 5th, 2018. The Note may be converted if the Note Balance is not paid on or before thirty-five (35) days from June 5th 2018. FirstFire agreed that the Note is not in default. As consideration for agreeing to provide the Company with this extension of time to pay, the Company issued the investor 150,000 shares of restricted common stock, valued at $30,000. 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, 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"), On September 6, 2018, the Company agreed to make a principal payment in the amount of $50,000. Furthermore, the Company agreed to settle the debt for $210,000 on or before October 26, 2018, as consideration of extension, the Company issued 100,000 shares of common stock, at $9,000. 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"). On September 13, 2018, the Company agreed to issue an additional 250,000 shares of common stock for an extension, valued at $11,250. 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 August 11, 2018, the Company borrowed $44,000 from an unaffiliated investor, bearing an interest rate of 12.5% per annum and with a maturity date of February 11, 2020. As part of this transaction the Company also issued (i) warrants having a 24-month term, to purchase 100,000 shares of the Company's common stock at an exercise price of $0.665 per share and (ii) 44,000 shares of the Company's restricted common stock. The Note agreements give the lender the right to convert the loan amounts due into common stock at a fixed conversion price of $0.20. The aggregate relative fair value of the warrant was determined to be $9,035 on August 11, 2018, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 221%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 2 year. Fair value of 44,000 shares of common stock was determined to be $5,280 using market price. The aggregate value of the warrant and 44,000 shares of common stock of $14,315 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. During the nine months ended September 30, 2018, the Company amortized the $815 of such discount to interest expense. At September 30, 2018, unamortized debt discount was $13,500 and $44,000 of principal was outstanding under the Note.
[4]	On November 1, 2018, the Company entered into a loan transaction with an unaffiliated investor (“Holder”), which funded and closed on November 5, 2018. The Company issued the lender a convertible promissory note (“Note”) dated November 1, 2018, in the principal amount of $380,000 with an original issue discount of 10% and received proceeds of $342,000, before giving effect to certain transactional costs including legal fees on November 5, 2018. As part of this transaction the Company also issued (i) 650,000 shares of the Company’s restricted common stock and two tranches of warrants : (ii) tranche 1 are warrants having a 5-year term to purchase 687,500 shares of the Company’s restricted common stock at an exercise price of $0.20 per share with cashless exercise option and (ii) tranche 2 are warrants having a 5-year term to purchase 2,062,500 shares of the Company’s restricted common stock at an exercise price of $0.20 per share with cashless exercise option. Tranche 2 warrants may be redeemed by the Company for $20,000 (“Call Payment”) beginning on the date of issuance, November 1, 2018, and ending on the date which is 180 calendar days following the issuance date (the “Call”). If Company exercises the Call, then the Company shall make the Call Payment to the Holder within five business days of the date that the Company exercises the Call. If the Call Payment is not made within the required time frame, then the Company will lose its right to exercise the Call for the tranche 2 warrants. The Note accrues interest at 12% per year, and is due and payable on May 1, 2019 (“Maturity Date”). The Company may prepay the Note without prepayment penalty if prepaid during the first 180 days following issuance date. No prepayment is permitted after the initial 180 days from issuance. The Note agreements give the lender the right to convert the loan amounts due into common stock at a conversion price equal to the lesser of (i) 50% multiplied by the lowest trading price during the previous twenty (20) trading day period ending on the latest complete trading day prior to the date of this Note and (ii) 50% multiplied by the during the twenty (20) trading day period ending on the latest complete trading day prior to the conversion date. The aggregate relative fair value of the warrant was determined to be $89,908 on November 1, 2018, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 226%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 5.0 year. Fair value of 650,000 shares of common stock was determined to be $53,300 using allocation of proceeds. The Company accounted for the conversion feature as a derivative valued at $558,923, of which $364,131 was expensed immediately to interest expense. $194,792 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 226%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.50 year. The aggregate value of the original debt discount, warrant, conversion feature and 650,000 shares of common stock of $380,000 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.
[5]	On December 6, 2018, Foothills Exploration, Inc. (the “Company”), entered into a convertible loan transaction with an unaffiliated investor (“Holder”) in the principal amount of $136,500 (the “Note”). The Note is divided into three tranches, the first tranche of which, in the face amount of $45,500, funded and closed on December 7, 2018, before giving effect to certain transactional costs including legal fees yielding a net of $41,500. The Note carries an original issue discount of $12,000 (the “OID”) prorated to each tranche, to cover the Holder’s accounting fees, due diligence fees, monitoring, and/or other transactional costs incurred in connection with the negotiation, purchase and sale of the Note, which is included in the principal balance of this Note. For each tranche funded under the Note, the Company agreed to issue warrants having a 5-year term to purchase up to 227,500 shares of the Company’s restricted common stock at an exercise price of $0.20 per share with a cashless exercise option. The warrants are subject to adjustment in certain events such as forward or reverse stock splits or if subsequent financings are at terms that are more favorable to persons in subsequent issuances of securities. The Note agreements give the Holder, after the 180th calendar day after the issue date, the right to convert all or any part of the outstanding and unpaid principal amount and accrued and unpaid interest of this Note due into fully paid and non-assessable shares of Common Stock at 50% multiplied by the lowest trading Price for the Common Stock during the twenty (20) Trading Day period prior to the Conversion Date. Each tranche of the Note funded accrues interest at 12% per year. The maturity date for each tranche funded shall be twelve (12) months from the effective date of each payment (each a “Maturity Date”), and is the date upon which the principal sum of each respective tranche, as well as any accrued and unpaid interest and other fees relating to that respective tranche, shall be due and payable. This Company may prepay any amount outstanding under each tranche of this Note, during the initial 60 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 125% multiplied the amount that the Company is prepaying Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 61st through 120 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 135% multiplied the amount that the Company is prepaying. Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 121st through 180 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 145% multiplied the amount that the Company is prepaying. The Company may not prepay any amount outstanding under each tranche of this Note after the 180th calendar day after the issuance of the respective tranche of this Note. Any amount of principal or interest due pursuant to this Note, which is not paid by the Maturity Date, shall bear interest at the rate of the lesser of (i) fifteen percent (15%) per annum or (ii) the maximum amount permitted by law from the due date thereof until the same is paid (“Default Interest”). Interest shall commence accruing on the date that each tranche of the Note is fully paid and shall be computed on the basis of a 365-day year and the actual number of days elapsed. Net proceeds obtained in this transaction will be used for general corporate and working capital purposes. No assurance can be given that any other tranche of the Note will be funded or that any amount due there under will be prepaid. No broker-dealer or placement agent was retained or involved in this transaction. The aggregate relative fair value of the warrant was determined to be $7,880 on November 1, 2018, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 225%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 5.0 year. The Company accounted for the conversion feature as a derivative valued at $74,970, of which $42,850 was expensed immediately to interest expense. $74,970 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 225%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.00 year. The aggregate value of the original debt discount, warrant and conversion feature of $45,500 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.
[6]	On December 19, 2018, Foothills Exploration, Inc. (the "Company"), entered into a convertible loan transaction with an unaffiliated investor ("Holder") in the principal amount of $58,300 (the "Note"), which funded and closed on December 21, 2018, before giving effect to certain transactional costs including legal fees yielding a net of $53,000. The Note carries an original issue discount of $5,300 (the OID), to cover the Holder's accounting fees, due diligence fees, monitoring, and/or other transactional costs incurred in connection with the negotiation, purchase and sale of the Note, which is included in the principal balance of this Note. The Note agreements give the Holder, after the 180th calendar day after the issue date, the right to convert all or any part of the outstanding and unpaid principal amount and accrued and unpaid interest of this Note due into fully paid and non-assessable shares of Common Stock at the Conversion Price which equal the lesser of (i) 60% multiplied by the lowest Trading Price during the previous twenty-five (25) Trading Day before the Issue Date of this Note or (ii) 60% multiplied by the lowest Trading Price for the Common Stock during the twenty-five (25) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. The Note accrues interest at 10% per year. The maturity date for the Note is September 19, 2019 ("Maturity Date"), and is the date upon which the principal sum, as well as any accrued and unpaid interest, shall be due and payable. This Company may prepay any amount outstanding under this Note, during the initial 60 calendar day period after the issuance of this Note, by making a payment to the Holder of an amount in cash equal to 125% multiplied the amount that the Company is prepaying Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 61st through 120 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 135% multiplied the amount that the Company is prepaying. Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 121st through 180 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 140% multiplied the amount that the Company is prepaying. The Company may not prepay any amount outstanding under each tranche of this Note after the 180th calendar day after the issuance of the respective tranche of this Note. Any amount of principal or interest due pursuant to this Note, which is not paid by the Maturity Date, shall bear interest at the rate of the lesser of (i) eighteen percent (18%) per annum or (ii) the maximum amount permitted by law from the due date thereof until the same is paid ("Default Interest"). Interest shall commence accruing on the date that each tranche of the Note is fully paid and shall be computed on the basis of a 360-day year and the actual number of days elapsed. Net proceeds obtained in this transaction will be used for general corporate and working capital purposes. No broker-dealer or placement agent was retained or involved in this transaction. The Company accounted for the conversion feature as a derivative valued at $102,942, of which $52,942 was expensed immediately to interest expense. $102,942 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 228%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.75 year. The fair value of the conversion feature of $50,000 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.

Convertible Note Payable - Sc_2

Convertible Note Payable - Schedule of Convertible Note Payable (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Convertible Note Payable One [Member]
Debt instrument interest rate	10.00%	10.00%
Debt instrument, maturity date	May 10, 2018	May 10, 2018
Convertible Note Payable Two [Member]
Debt instrument interest rate	8.00%	8.00%
Debt instrument, maturity date	Aug. 16, 2018	Aug. 16, 2018
Convertible Note Payable Three [Member]
Debt instrument interest rate	13.50%	13.50%
Debt instrument, maturity date	Feb. 11, 2020	Feb. 11, 2020
Convertible Note Payable Four [Member]
Debt instrument interest rate	12.00%	12.00%
Debt instrument, maturity date	May 1, 2019	May 1, 2019
Convertible Note Payable Five [Member]
Debt instrument interest rate	12.00%	12.00%
Debt instrument, maturity date	Dec. 6, 2019	Dec. 6, 2019
Convertible Note Payable Six [Member]
Debt instrument interest rate	10.00%	10.00%
Debt instrument, maturity date	Sep. 19, 2019	Sep. 19, 2019

Convertible Note Payable - Sc_3

Convertible Note Payable - Schedule of Fair Value of Embedded Derivatives (Details)	12 Months Ended
	Dec. 31, 2018USD ($)
Debt Disclosure [Abstract]
Balance of embedded derivative, beginning	$ 458,387
Additions related to embedded conversion features of convertible debt issued	736,835
Change in fair value of conversion features	(50,619)
Reductions in fair value due to principal repayments	(483,283)
Balance of embedded derivatives, end	$ 661,320

Common Stock (Details Narrative

Common Stock (Details Narrative)	Nov. 01, 2018USD ($)$ / sharesshares	Sep. 17, 2018USD ($)shares	Sep. 13, 2018USD ($)shares	Aug. 22, 2018USD ($)shares	Aug. 11, 2018USD ($)$ / sharesshares	Jun. 23, 2018USD ($)shares	Jun. 05, 2018USD ($)shares	Dec. 30, 2017USD ($)shares	Nov. 17, 2017USD ($)$ / sharesshares	Nov. 07, 2017USD ($)$ / sharesshares	Nov. 06, 2017USD ($)shares	Nov. 03, 2017USD ($)shares	Sep. 29, 2017$ / sharesshares	Aug. 10, 2017USD ($)	Jul. 10, 2017	Jun. 30, 2017USD ($)Units$ / shares	Jun. 15, 2017USD ($)Units$ / shares	Jun. 10, 2017USD ($)Units$ / shares	May 31, 2017USD ($)Units$ / shares	Feb. 27, 2017USD ($)$ / sharesshares	Jan. 05, 2017USD ($)	May 27, 2016USD ($)$ / sharesshares	May 19, 2016$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 19, 2018USD ($)	Dec. 06, 2018USD ($)$ / shares	Oct. 09, 2018USD ($)shares
Warrant exercise price per share | $ / shares									$ 1	$ 1			$ 1
Number of shares issued										50,000			136,015												275,000
Number of shares entitled for warrants					100,000				267,500	50,000
Strike price | $ / shares
Difference in fair value of financial instruments | $										$ 3,381
Number of shares issued, value | $																									$ 270,000
Common stock, shares issued																								22,075,738	14,900,627
Common stock, shares outstanding																								22,075,738	14,900,627
Number of restricted stock award issued		50,000
Number of restricted stock issued, value | $		$ 4,500
Debt instrument face amount | $					$ 44,000				$ 267,500	$ 50,000														$ 50,000
Conversion of restricted common stock, shares	650,000
Conversion of restricted common stock | $	$ 53,300
Loss on extinguishment of debt | $																								$ 274,846	$ 48,407
Common stock, shares authorized																								100,000,000	100,000,000			540,000
Common stock, value | $																												$ 54,000
Warrant expiration date										May 7, 2019
Fair value of warrants | $					$ 9,035				$ 10,750
Debt conversion price per share | $ / shares					$ 0.665					$ 0.665
Warrant term					24 months				18 months
Number of stock option shares granted																									1,600,000
Option expenses | $																								$ 970,329	$ 816,140
Unamortized option expense | $																								$ 816,490
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
Volatility Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages					221.00%				78.00%	77.00%			94.00%
Discount Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages					0.00%				0.00%	0.00%			0.00%											0.00%		0.00%
Expected Dividend Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages					0.00%				0.00%	0.00%			0.00%											0.00%		0.00%
Expected Life [Member]
Fair value assumptions input, term					2 years				1 year 6 months	1 year 6 months			3 years
Volatility Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages																										228.00%
Warrants [Member]
Difference in fair value of financial instruments | $																						$ 2,144
Warrants [Member] | Volatility Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages															94.00%							120.00%
Warrants [Member] | Discount Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages															0.00%							0.00%
Warrants [Member] | Expected Dividend Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages															0.00%							0.00%
Warrants [Member] | Expected Life [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, term															3 years							5 years
Four Officers and Directors [Member] | Restricted Stock [Member]
Accrued wages and fees | $						$ 566,300
Conversion of restricted common stock, shares						3,836,111
Conversion of restricted common stock | $						$ 774,737
Loss on extinguishment of debt | $						$ 208,437
Third Party [Member]
Number of shares issued																								964,000
Number of shares issued, value | $																								$ 132,130
Number of restricted stock award issued																								659,000
Number of restricted stock issued, value | $																								$ 70,230
Common stock shares authorized but unissued																								0	105,000
Common stock shares authorized but unissued, value | $																								$ 0	$ 45,900
Third Party [Member] | Promissory Note [Member]
Number of restricted stock award issued				60,000
Number of restricted stock issued, value | $				$ 7,800
Unaffiliated Investor [Member]
Warrant exercise price per share | $ / shares	$ 0.20				$ 0.665																			$ 0.20			$ 0.20
Number of shares issued	650,000				44,000
Number of shares entitled for warrants																								227,500
Warrants term	5 years				24 months																			5 years
Difference in fair value of financial instruments | $	$ 89,908				$ 9,035				$ 7,880
Number of shares issued, value | $	$ 380,000				$ 14,315
Number of restricted stock award issued	650,000
Debt instrument face amount | $																								$ 45,500		$ 58,300	$ 136,500
Debt conversion price per share | $ / shares					$ 0.20
Call payment | $	$ 20,000
Unaffiliated Investor [Member] | Two Tranches [Member]
Difference in fair value of financial instruments | $	89,908
Debt instrument face amount | $	$ 380,000
Unaffiliated Investor [Member] | Tranche 1 [Member]
Warrant exercise price per share | $ / shares	$ 0.20
Number of shares entitled for warrants	687,500
Warrants term	5 years
Debt instrument face amount | $																											$ 45,500
Unaffiliated Investor [Member] | Tranche 2 [Member]
Warrant exercise price per share | $ / shares	$ 0.20
Number of shares entitled for warrants	2,062,500
Warrants term	5 years
Unaffiliated Investor [Member] | Discount Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages	0.00%				0.00%																			0.00%
Unaffiliated Investor [Member] | Expected Dividend Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages	0.00%				0.00%																			0.00%
Unaffiliated Investor [Member] | Expected Life [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, term	5 years																							5 years
Unaffiliated Investor [Member] | Volatility Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages	226.00%				221.00%																			225.00%
Director One [Member] | First Option [Member]
Strike price | $ / shares																							$ 2
Number of stock option shares granted																							50,000
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.
Director Two [Member] | Second Option [Member]
Strike price | $ / shares																							$ 3
Number of stock option shares granted																							50,000
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.
Director Three [Member] | Third Option [Member]
Strike price | $ / shares																							$ 4
Number of stock option shares granted																							50,000
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.
Mr. Christopher Jarvis [Member]
Strike price | $ / shares																				$ 1.99
Number of stock option shares granted																				400,000
Description of vesting period																				vesting quarterly over two years commencing with the first quarter following the 90-day probationary period.
Fair value of stock option | $																				$ 616,055
Mr. Christopher Jarvis [Member] | Volatility Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages																				129.00%
Mr. Christopher Jarvis [Member] | Discount Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages																				0.00%
Mr. Christopher Jarvis [Member] | Expected Dividend Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages																				0.00%
Mr. Christopher Jarvis [Member] | Expected Life [Member]
Fair value assumptions input, term																				3 years
Mr. Kevin Sylla [Member]
Strike price | $ / shares																				$ 1.99
Number of stock option shares granted																				1,200,000
Description of vesting period																				vesting quarterly over the term of three years.
Fair value of stock option | $																				$ 1,986,902
Mr. Kevin Sylla [Member] | Volatility Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages																				129.00%
Mr. Kevin Sylla [Member] | Discount Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages																				0.00%
Mr. Kevin Sylla [Member] | Expected Dividend Rate [Member] | Black-Scholes Option Pricing Model [Member]
Fair value assumptions input, percentages																				0.00%
Mr. Kevin Sylla [Member] | Expected Life [Member]
Fair value assumptions input, term																				7 years
Securities Purchase Agreement [Member]
Number of units sold | Units																	20,000	25,000
Number of units sold, value | $																	$ 20,000	$ 25,000
Purchase price | $ / shares																	$ 1	$ 1
Warrant exercise price per share | $ / shares																	$ 1.50	$ 1.50
Number of shares issued													100,752
Number of shares entitled for warrants													300,752
Strike price | $ / shares													$ 0.665
Warrants term																	3 years
Proceeds from sale of units | $																	$ 10,000
Difference in fair value of financial instruments | $																		$ 59,801
Securities Purchase Agreement [Member] | Third Party Investor [Member]
Number of units sold | Units																25,000
Number of units sold, value | $																$ 25,000
Purchase price | $ / shares																$ 1
Warrant exercise price per share | $ / shares																$ 1.50
Warrants term																3 years
Securities Purchase Agreement [Member]
Number of shares issued													10,075
Number of shares entitled for warrants													30,075
Strike price | $ / shares													$ 0.665
Securities Purchase Agreement [Member]
Number of shares issued													12,594
Number of shares entitled for warrants													37,594
Strike price | $ / shares													$ 0.665
Wilshire Energy Partners, LLC [Member]
Number of shares issued													100,752
Wilshire Energy Partners, LLC [Member] | Warrants [Member]
Warrant minimum exercisable term																						1 year
Warrant expiration date																						Jun. 1, 2021
Wilshire Energy Partners, LLC [Member] | Warrants One [Member]
Warrant exercise price per share | $ / shares																						$ 1.25
Number of shares entitled for warrants																						100,000
Wilshire Energy Partners, LLC [Member] | Warrants Two [Member]
Warrant exercise price per share | $ / shares																						$ 2
Number of shares entitled for warrants																						200,000
Wilshire Energy Partners, LLC [Member] | Warrants Three [Member]
Warrant exercise price per share | $ / shares																						$ 3
Number of shares entitled for warrants																						400,000
Wilshire Energy Partners, LLC [Member] | Securities Purchase Agreement [Member]
Number of units sold | Units																			200,000
Number of units sold, value | $																			$ 200,000
Purchase price | $ / shares																			$ 1
Warrant exercise price per share | $ / shares																			$ 1.50
Warrants term																			3 years
FirstFire [Member]
Number of shares issued
Number of restricted stock award issued			125,000				150,000
Number of restricted stock issued, value | $			$ 11,250				$ 30,000
Debt instrument face amount | $							$ 267,500
Berwin Trading Limited [Member]
Number of shares issued, value | $																								$ 70,375
Number of restricted stock award issued																								350,000
Number of restricted stock issued, value | $																					$ 1,250,000			$ 70,375
Profit Well Limited [Member]
Number of restricted stock award issued																								400,000
Number of restricted stock issued, value | $														$ 1,050,000										$ 106,700
Common stock, shares authorized																									100,000
Unrelated Party [Member] | Warrants [Member]
Warrant minimum exercisable term																						1 year
Warrant expiration date																						Jun. 1, 2021
Unrelated Party [Member] | Warrants One [Member]
Warrant exercise price per share | $ / shares																						$ 1.25
Number of shares entitled for warrants																						125,000
Unrelated Party [Member] | Warrants Two [Member]
Warrant exercise price per share | $ / shares																						$ 2
Number of shares entitled for warrants																						100,000
Unrelated Party [Member] | Warrants Three [Member]
Warrant exercise price per share | $ / shares																						$ 3
Number of shares entitled for warrants																						100,000

Common Stock - Schedule of Stoc

Common Stock - Schedule of Stock Warrant Activity (Details) - Warrants [Member] - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Number of Warrants Balance outstanding, at beginning	2,683,515	1,025,000
Number of Warrants Granted	3,077,500	1,658,515
Number of Warrants Exercised
Number of Warrants Cancelled or expired
Number of Warrants Balance outstanding, at end	5,761,015	2,683,515
Number of Warrants Exercisable, at end	5,761,015
Weighted Average Exercise Price Balance outstanding, at beginning	$ 1.56	$ 2.32
Weighted Average Exercise Price, Granted	0.22	1.09
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Cancelled or expired
Weighted Average Exercise Price, Balance outstanding, at end	0.82	$ 1.56
Weighted Average Exercise Price, Exercisable, at end	$ 0.82
Weighted Average Remaining Term Contractual, Balance outstanding, at beginning	2 years 7 months 24 days	4 years 5 months 1 day
Weighted Average Remaining Term Contractual, Granted	4 years 8 months 26 days	2 years 2 months 5 days
Weighted Average Remaining Term Contractual, Balance outstanding, at end	3 years 3 months 19 days	2 years 7 months 24 days
Weighted Average Remaining Term Contractual, Exercisable	3 years 3 months 19 days

Common Stock - Schedule of St_2

Common Stock - Schedule of Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Equity [Abstract]
Number of Option Outstanding, Beginning Balance	2,050,000	450,000
Number of Option, Granted		1,600,000
Number of Option, Exercised
Number of Option, Cancelled or Expired
Number of Option Outstanding, Ending Balance	2,050,000	2,050,000
Number of Option, Exercisable	1,500,000
Weighted Average Exercise Price, Beginning Balance	$ 2.21	$ 3
Weighted Average Exercise Price, Granted
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Cancelled or Expired
Weighted Average Exercise Price, Ending Balance	2.21	$ 2.21
Weighted Average Exercise Price, Exercisable	$ 2.29
Weighted Average Remaining Contractual Term, Beginning Balance	6 years 3 months 4 days	9 years 4 months 20 days
Weighted Average Remaining Contractual Term, Ending Balance	5 years 3 months 4 days	6 years 3 months 4 days
Weighted Average Remaining Contractual Term, Exercisable	5 years 4 months 9 days

Other Related Party Transacti_2

Other Related Party Transactions (Details Narrative) - USD ($)	Jun. 23, 2018	Dec. 31, 2018	Dec. 31, 2017
Advances from related party			$ 1,250,000
Due to officers and directors		687,770	362,714
Wilshire Energy Partners, LLC [Member]
Advances from related party		181,083	0
Repayments of related party debt		$ 74,324	$ 0
Four Officers and Directors [Member] | Restricted Stock [Member]
Number of common stock convert of accrued wages and fees	$ 566,300
Number of common stock shares convert of accrued wages and fees	3,836,111

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	Nov. 15, 2018	Sep. 28, 2018	Sep. 11, 2018	Apr. 27, 2018	Mar. 23, 2018	Jan. 25, 2018	Jan. 22, 2018	Jan. 16, 2018	Dec. 18, 2017	Dec. 05, 2017	Nov. 14, 2017	Nov. 07, 2017	Oct. 24, 2017	Sep. 25, 2017	Sep. 18, 2017	Sep. 11, 2017	May 01, 2017	Oct. 05, 2016	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Aug. 11, 2018	Nov. 17, 2017
Accounts payable																				$ 50,000
Lease expiration term																				Sep. 1, 2018
Other income																				$ 45,407	$ 5,727
Amount of claim														$ 205,251	$ 72,495
Settlement amount to other parties						$ 35,981		$ 205,251	$ 54,937
Pre-judgement interest									$ 5,248										$ 29,861	$ 12,115
Attorney's fees								$ 2,500
Percentage of post-judgement interest								1.50%
Interest rate per month																				1.50%
Description on plaintiff								The rate of one and one-half percent (1.5%) per month until paid (a per diem rate of $103.69)
Other liabilities																			305,935	$ 282,676	305,935
Debt instrument face amount												$ 50,000								50,000		$ 44,000	$ 267,500
Graco Fishing & Rental Tools, Inc [Member]
Settlement amount																				159,965
Graco Fishing and Rental Tools, Inc. [Member] | Settlement Agreement [Member]
Sales installment payments				$ 163,965
Canal Petroleum Products, Inc [Member] | Lafayette Parish, Louisiana [Member]
Attorney's fees																				$ 8,239
Interest rate per month																				18.00%
Debt instrument face amount																				$ 32,956
Smith International, Inc [Member] | Lafayette Parish, Louisiana [Member]
Settlement amount					$ 30,244
Amount of claim												30,244
Interest rate per month					18.00%
M-I, L.L.C. d/b/a MI-SWACO [Member] | Lafayette Parish, Louisiana [Member]
Settlement amount					$ 51,275
Amount of claim												51,275
Interest rate per month					1.50%
Schlumberger Technology Corporation [Member] | Lafayette Parish, Louisiana [Member]
Settlement amount					$ 28,904
Amount of claim												$ 28,904
Interest rate per month					1.50%
Zealous Energy Services, LLC [Member]
Pre-judgement interest		$ 53,027
Attorney's fees		$ 1,260
Percentage of post-judgement interest		5.00%
Zealous Energy Services, LLC [Member] | January 16, 2019 [Member]
Amount of claim																				75,107
Labokay Test Well [Member]
Amount of claim										$ 53,944	$ 35,981		$ 53,944
Attorney's fees										3,483
Court costs and expenses										$ 477
First Payment Due On May 9, 2018 [Member] | Graco Fishing and Rental Tools, Inc. [Member] | Settlement Agreement [Member]
Sales installment payments
Second Payment Due On July 9, 2018 [Member] | Graco Fishing and Rental Tools, Inc. [Member] | Settlement Agreement [Member]
Sales installment payments																				32,793
Third Payment Due On September 9, 2018 [Member] | Graco Fishing and Rental Tools, Inc. [Member] | Settlement Agreement [Member]
Sales installment payments																				32,793
Fourth Payment Due On November 9, 2018 [Member] | Graco Fishing and Rental Tools, Inc. [Member] | Settlement Agreement [Member]
Sales installment payments																				32,793
Fifth and Final Payment Due On January 9, 2019 [Member] | Graco Fishing and Rental Tools, Inc. [Member] | Settlement Agreement [Member]
Sales installment payments																				32,793
Second Payment Due On July 19, 2018 [Member] | Graco Fishing and Rental Tools, Inc. [Member] | Settlement Agreement [Member]
Sales installment payments																				32,793
Third Payment [Member] | Graco Fishing and Rental Tools, Inc. [Member] | Settlement Agreement [Member]
Sales installment payments			$ 32,793
Fourth Payment [Member] | Graco Fishing and Rental Tools, Inc. [Member] | Settlement Agreement [Member]
Sales installment payments	$ 32,793
Denver Office Space [Member]
Lease term																	39 months
Lease expiration term																	Jul. 31, 2020
Payments for rental expenses																	$ 10,051			25,801	47,821
Allowance for tenant improvements																			$ 0	22,907	0
Other income																				22,907	0
Houston Office Space [Member]
Payments for rental expenses																		$ 2,298		$ 0	$ 6,894
Uintah County [Member]
Amount of claim																$ 49,689
Adams County [Member]
Sales installment payments							$ 196
Amount of claim							72,495
Settlement amount to other parties							103,578
Pre-judgement interest							12,763
Attorney's fees							$ 18,124
Percentage of post-judgement interest							8.00%

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income tax description	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)
Income tax corporate percentage	21.00%
Net operating loss carryforwards, federal and state	$ 12,464,311	$ 6,844,052
Net operating loss carryforwards description	expire through 2037

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Net operating loss carryforward	$ (3,373,837)	$ (2,029,437)
Stock based compensation	25,638	40,248
Fair value of options	223,879	195,873
Total deferred tax assets	(3,115,321)	(1,793,316)
Valuation allowance	3,115,321	1,793,316
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, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S federal statutory income tax	(21.00%)	(34.00%)
State tax, net of federal tax benefit	(3.00%)	(6.00%)
Stock based compensation	0.00%	0.00%
Change in valuation allowance	24.00%	50.00%
Effective tax rate	0.00%	0.00%

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)

Mar. 28, 2019

Mar. 22, 2019USD ($)a

Mar. 19, 2019USD ($)

Mar. 06, 2019USD ($)aMcfeInteger$ / sharesshares

Jan. 16, 2019USD ($)

Apr. 27, 2018USD ($)

Sep. 25, 2017USD ($)

Sep. 18, 2017USD ($)

Mar. 31, 2019shares

Feb. 28, 2019shares

Dec. 31, 2018USD ($)

Dec. 31, 2017USD ($)ft²shares

Mar. 20, 2019USD ($)

Nov. 01, 2018USD ($)

Aug. 11, 2018USD ($)

Nov. 17, 2017USD ($)$ / shares

Nov. 07, 2017USD ($)$ / sharesshares

Sep. 29, 2017$ / sharesshares

Jun. 15, 2017$ / shares

Jun. 10, 2017$ / shares

Natural gas wells, acquired area | ft²

8,795

Debt instrument face amount

$ 50,000

$ 44,000

$ 267,500

$ 50,000

Proceeds from notes payable

102,000

$ 2,300,000

Eligible number of shares for warrants | shares

50,000

136,015

Warrants exercise price | $ / shares

$ 1

$ 1

$ 1

Stock issued during period services shares | shares

275,000

Unpaid leasehold obligation

$ 205,251

$ 72,495

Graco Fishing & Rental Tools, Inc [Member]

Settlement amount

$ 159,965

Securities Purchase Agreement [Member]

Warrant term

3 years

Warrants exercise price | $ / shares

$ 1.50

$ 1.50

Settlement Agreement [Member] | Graco Fishing and Rental Tools, Inc. [Member]

Sales installment payments

$ 163,965

Labrys Note [Member] | Loan Transaction With Labrys Fund, L.P., A Delaware Limited Partnership [Member]

Convertible promissory note issued

$ 110,000

Labrys Note [Member] | Loan Transaction With Labrys Fund, L.P., A Delaware Limited Partnership [Member] | Auditor [Member]

Convertible promissory note issued

$ 40,000

Subsequent Event [Member]

Gas Wells, Number of Wells acquired | Integer

22

Natural gas wells, acquired area | a

18,214

Eligible number of shares for warrants | shares

1,110,000

Lease fee | a

320

Lease fee description

The fee leases covering approximately 320 net acres will need to be renegotiated with the respective mineral rights owners and if said leases, amounting to less than 2% of the total acquired acreage cannot be renegotiated, then the Company will lose said acreage.

Stock issued during period services shares | shares

200,000

Stock issued during period convertible debt, shares | shares

875,000

Returned with repayment to debt | shares

650,000

Unpaid leasehold obligation

$ 75,107

Subsequent Event [Member] | Geopinion, Inc., [Member]

Payment fee amount

$ 12,500

Subsequent Event [Member] | Graco Fishing & Rental Tools, Inc [Member]

Settlement amount

$ 159,965

Subsequent Event [Member] | Loan Transaction With FirstFire Global Opportunities Fund, LLC [Member]

Warrant term

18 months

Eligible number of shares for warrants | shares

1,125,000

Warrants exercise price | $ / shares

$ 0.50

Subsequent Event [Member] | Federal Bureau of Land Management Leases [Member]

Natural gas wells, acquired area | a

16,066

Subsequent Event [Member] | Federal Bureau of Land Management Leases [Member] | Minimum [Member]

Minimum royalties

$ 128,584

Subsequent Event [Member] | Securities Purchase Agreement [Member] | Crown Bridge Partners, LLC [Member] | Second Tranche [Member]

Debt instrument face amount

$ 40,018

Proceeds from notes payable

$ 36,500

Interest in acquired entity, description

Each tranche of the note funded accrues interest at a rate of 12% per year. The principal amount of each respective tranche, as well as any accrued and unpaid interest and other fees relating to that respective tranche, is due and payable twelve (12) months from the date on which each respective tranche is delivered to the Company. The Company may not prepay any amount outstanding under each tranche of this Note after the 180th calendar day after the issuance of the respective tranche received pursuant to the Note.

Debt instrument original, amount

$ 12,000

Subsequent Event [Member] | FirstFire Note [Member] | Loan Transaction With FirstFire Global Opportunities Fund, LLC [Member]

Debt instrument face amount

$ 705,882

Proceeds from notes payable

$ 600,000

Debt instrument interest rate

10.00%

Debt instrument maturity date

Sep. 1, 2019

Debt instrument payment per month

$ 20,000

Subsequent Event [Member] | Labrys Note [Member] | Loan Transaction With Labrys Fund, L.P., A Delaware Limited Partnership [Member]

Debt instrument face amount

380,000

Proceeds from notes payable

$ 342,000

Warrant term

5 years

Eligible number of shares for warrants | shares

608,000

Warrants exercise price | $ / shares

$ 0.50

Debt instrument interest rate

10.00%

Subsequent Event [Member] | Labrys Note [Member] | Loan Transaction With Labrys Fund, L.P., A Delaware Limited Partnership [Member] | September 6, 2019 [Member]

Debt instrument interest rate

12.00%

Subsequent Event [Member] | JSC Note [Member] | Loan Transaction With Labrys Fund, L.P., A Delaware Limited Partnership [Member]

Debt instrument face amount

52,250

Proceeds from notes payable

$ 47,500

Debt instrument interest rate

10.00%

Debt instrument maturity date

Dec. 19, 2019

Interest in acquired entity, description

The holder may convert after the 180th calendar day after the issue date of the JSC Note, all or any part of the outstanding and unpaid principal amount and accrued and unpaid interest of the JSC Note due into shares of common stock of the Company at the conversion price that is equal to the lesser of (i) 60% multiplied by the lowest Trading Price (as defined in the note) during the previous twenty-five (25) Trading Days (as defined below) before the Issue Date of this Note (representing a discount rate of 40%) or (ii) 60% multiplied by the Market Price (as defined in the note) (representing a discount rate of 40%).

Debt instrument original, amount

$ 4,750

Subsequent Event [Member] | Greater Green River Basin In Wyoming [Member]

Percentage of land held by production

78.00%

Acreage undeveloped, description

Some of the underlying leases come with certain depth restrictions and roughly 80% of the acreage remains undeveloped

Purchase of assets

$ 700,000

Gas wells, production per day | Mcfe

900

Subsequent Event [Member] | Wyoming's Wind River Basin [Member] | Letter Agreement - Affiliate Of American Shale Energy, LLC [Member]

Natural gas wells, acquired area | a

16,387

Interest in acquired entity, description

The Company closed on the acquisition of the WRB Assets for an undisclosed sum and a reservation of overriding royalty interest in the leases, netting the Company with an 82.5% net revenue interest and 100% of the working interest

Subsequent Event [Member] | Core [Member]

Natural gas wells, acquired area | a

14,584

Supplemental Oil and Gas Rese_3

Supplemental Oil and Gas Reserve Information (Unaudited) (Details Narrative)	12 Months Ended
	Dec. 31, 2018
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Percentage of discounted rate	10.00%

Supplemental Oil and Gas Rese_4

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, 2018	Dec. 31, 2017
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Sales of oil and gas production to third parties	$ 2,567,438	$ 155,161
Oil and gas lease operating expense	(1,648,155)	(252,753)
Depletion, depreciation, amortization, accretion, and impairment expense	(2,908,787)	(1,525,784)
Income tax expense
Results of operations	$ (1,989,504)	$ (1,623,376)

Supplemental Oil and Gas Rese_5

Supplemental Oil and Gas Reserve Information (Unaudited) - Schedule of Capitalized Costs (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Unproved properties not being amortized	$ 106,299	$ 2,509,274
Proved properties subject to amortization	12,752,515	10,762,380
Accumulated depreciation, depletion, and amortization	(431,554)	(18,016)
Net capitalized costs	$ 12,427,260	$ 13,253,638

Supplemental Oil and Gas Rese_6

Supplemental Oil and Gas Reserve Information (Unaudited) - Schedule of Costs Incurred in Property Acquisition, Exploration and Development Activities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Proved acreage	$ (871,637)	$ 18,653
Producing assets	184,742	580,158
Incomplete construction	(1,501,369)	1,501,369
Exploration costs	1,361,886	(148,533)
Development costs
Net capitalized costs	$ (826,378)	$ 1,951,647

Supplemental Oil and Gas Rese_7

Supplemental Oil and Gas Reserve Information (Unaudited) - Schedule of Estimated Quantities of Proved Reserves (Details)	12 Months Ended
	Dec. 31, 2018MMBblsMcf	Dec. 31, 2017MMBblsMcf
Crude Oil [Member]
TOTAL PROVED RESERVES, Beginning of year | MMBbls	4,174
Purchases of minerals in place | MMBbls		1,622
Sales of minerals in place | MMBbls
Extensions and discoveries | MMBbls		4,174
Revisions of previous estimates | MMBbls	161	(1,620)
Production | MMBbls	(764)
TOTAL PROVED RESERVES, End of period | MMBbls	4,334	4,174
Proved developed producing | MMBbls
Proved developed nonproducing | MMBbls
PROVED DEVELOPED RESERVES, End of period | MMBbls
Total proved undeveloped | MMBbls	4,334	4,174
Natural Gas [Member]
TOTAL PROVED RESERVES, Beginning of year | Mcf	8,353
Purchases of minerals in place | Mcf		811
Sales of minerals in place | Mcf
Extensions and discoveries | Mcf		8,353
Revisions of previous estimates | Mcf	2,099	(811)
Production | Mcf	(870)
TOTAL PROVED RESERVES, End of period | Mcf	9,582	8,353
Proved developed producing | Mcf
Proved developed nonproducing | Mcf
PROVED DEVELOPED RESERVES, End of period | Mcf
Total proved undeveloped | Mcf	9,582	8,353

Supplemental Oil and Gas Rese_8

Supplemental Oil and Gas Reserve Information (Unaudited) - Schedule of Standardized Measure of Discounted Future Net Cash Flows (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Future cash inflows	$ 360,258,000	$ 268,949,000
Future production costs	(126,192,000)	(103,926,000)
Future development costs	(53,250,000)	(48,000,000)
Future income tax expense	(54,833,123)	(23,275,919)
Future net cash flows	125,982,877	93,747,081
10% annual discount for estimated timing of cash flow	(77,591,818)	(68,046,395)
Standard measure of discounted future net cash flows related to proved reserves	$ 48,391,059	$ 25,700,686	$ 9,531,132

Supplemental Oil and Gas Rese_9

Supplemental Oil and Gas Reserve Information - Schedule of Standardized Measure of Discounted Future Net Cash Flows (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2018
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Annual discount percentage	10.00%

Supplemental Oil and Gas Res_10

Supplemental Oil and Gas Reserve Information (Unaudited) - Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Balance, beginning of period	$ 25,700,686	$ 9,531,132
Sales and transfers of oil and gas produced during the period	(1,133,957)	97,592
Sales of minerals in place
Purchases of minerals in place
Net change in sales price, net of production costs	18,083,915	(4,564,023)
Net changes due to extensions and discoveries		50,755,047
Changes in estimated future development costs	(1,848,661)	(25,709,147)
Previously estimated development costs incurred during the period
Net change due to revisions in quantity estimates	6,749,925	(16,007,121)
Other	2,227,581	11,284,522
Accretion of discount	3,599,200	3,599,200
Net change in income tax	(4,987,627)	(3,286,516)
Balance, end of period	$ 48,391,059	$ 25,700,686