Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF OPERATIONS

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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Oil, Natural Gas, and Natural Gas Liquids Revenues $ 88,082,912 $ 68,181,032
Costs and Operating Expenses    
Lease operating expenses 17,472,691 8,953,165
Gathering, transportation and processing costs (823) 1,296,858
Ad valorem taxes 1,670,613 951,954
Oil and natural gas production taxes 4,408,140 3,218,362
Depreciation, depletion and amortization 21,271,671 9,781,287
Asset retirement obligation accretion 365,847 188,242
Operating lease expense 113,138 83,590
General and administrative expense 7,130,139 5,522,277
Total Costs and Operating Expenses 52,431,416 29,995,735
Income from Operations 35,651,496 38,185,297
Other Income (Expense)    
Interest (expense) (10,390,279) (3,398,361)
Gain (loss) on derivative contracts 9,474,905 (27,596,141)
Other income 9,600 0
Net Other Income (Expense) (905,774) (30,994,502)
Income Before Provision for Income Taxes 34,745,722 7,190,795
Provision for Income Taxes (2,029,943) (78,752)
Net Income $ 32,715,779 $ 7,112,043
Basic Earnings per Share (in usd per share) $ 0.18 $ 0.07
Diluted Earnings per Share (in usd per share) $ 0.17 $ 0.06