Annual report pursuant to Section 13 and 15(d)

REVOLVING LINE OF CREDIT (Details)

v3.22.4
REVOLVING LINE OF CREDIT (Details)
1 Months Ended 12 Months Ended
Aug. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Jul. 01, 2014
USD ($)
Line of Credit Facility [Line Items]        
Line of credit facility, maximum borrowing capacity $ 600,000,000     $ 1,000,000,000
Pro forma leverage ratio, maximum threshold 2.00      
Borrowing base utilization, maximum threshold, percentage 80.00%      
Company required to maintaining rolling basis 24 months      
Minimum percentage of projected production to be hedged 50.00%      
Hedge testing percentage 0.00%      
Long-term line of credit   $ 415,000,000 $ 290,000,000  
Unused commitment fee percentage   0.50%    
Unused line of credit   $ 184,239,562    
Base Rate Loans        
Line of Credit Facility [Line Items]        
Interest rate   0.00%    
Standby Letters of Credit        
Line of Credit Facility [Line Items]        
Long-term line of credit   $ 760,438    
Standby Letters of Credit | State And Federal Agencies        
Line of Credit Facility [Line Items]        
Long-term line of credit   260,000    
Standby Letters of Credit | New Mexico Insurance Company | Surety Bond        
Line of Credit Facility [Line Items]        
Long-term line of credit   $ 500,438    
Minimum        
Line of Credit Facility [Line Items]        
Current ratio   1.0    
Minimum | Base Rate Loans        
Line of Credit Facility [Line Items]        
Debt Instrument, Interest Rate Margin Percentage   2.00%    
Maximum        
Line of Credit Facility [Line Items]        
Leverage ratio, total 1.25 3.0    
Utilization of borrowing base rate 25.00%      
Hedge testing percentage 25.00%      
Maximum | Base Rate Loans        
Line of Credit Facility [Line Items]        
Debt Instrument, Interest Rate Margin Percentage   3.00%    
Adjusted term SOFR | Base Rate Loans        
Line of Credit Facility [Line Items]        
Debt instrument, basis spread on variable rate   1.00%    
Adjusted term SOFR | Minimum | SOFR Loans        
Line of Credit Facility [Line Items]        
Debt instrument, basis spread on variable rate   3.00%    
Adjusted term SOFR | Maximum | SOFR Loans        
Line of Credit Facility [Line Items]        
Debt instrument, basis spread on variable rate   4.00%    
Federal Funds Rate | Base Rate Loans        
Line of Credit Facility [Line Items]        
Debt instrument, basis spread on variable rate   0.50%