v3.22.2.2
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CONDENSED STATEMENTS OF OPERATIONS        
Oil Natural Gas and Natural Gas Liquids Revenues $ 94,408,948 $ 49,376,176 $ 247,551,855 $ 136,638,810
Costs and Operating Expenses        
Lease operating expenses 13,029,098 6,983,196 30,283,706 22,634,259
Gathering, transportation and processing costs   1,051,163 1,846,247 2,883,348
Ad valorem taxes 1,199,385 703,774 3,100,578 2,144,800
Oil and natural gas production taxes 4,563,519 2,240,759 11,939,338 6,291,860
Depreciation, depletion and amortization 14,324,502 9,310,524 34,854,993 26,693,808
Asset retirement obligation accretion 243,140 182,905 617,685 560,662
Operating lease expense 83,590 83,589 250,770 439,896
General and administrative expense 7,393,848 4,433,251 18,748,427 11,103,394
Total Costs and Operating Expenses 40,837,082 24,989,161 101,641,744 72,752,027
Income from Operations 53,571,866 24,387,015 145,910,111 63,886,783
Other Income (Expense)        
Interest income 4   4 1
Interest (expense) (7,021,385) (3,551,462) (13,699,045) (10,947,960)
Gain (loss) on derivative contracts 32,851,189 (6,720,320) (2,201,970) (73,586,199)
Net Other Income (Expense) 25,829,808 (10,271,782) (15,901,011) (84,534,158)
Income (Loss) Before Provision for Income Taxes 79,401,674 14,115,233 130,009,100 (20,647,375)
Benefit from (Provision for) Income Taxes (4,315,783) 48,701 (5,866,744) (141,943)
Net Income (Loss) $ 75,085,891 $ 14,163,934 $ 124,142,356 $ (20,789,318)
Basic Earnings (Loss) per share $ 0.65 $ 0.14 $ 1.16 $ (0.21)
Diluted Earnings (Loss) per share $ 0.49 $ 0.12 $ 0.92 $ (0.21)

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