Quarterly report [Sections 13 or 15(d)]

REVENUE RECOGNITION (Tables)

v3.25.1
REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following table presents revenues disaggregated by product:
For the Three Months Ended
March 31, 2025 March 31, 2024
Oil, Natural Gas, and Natural Gas Liquids Revenues
Oil $ 76,505,050  $ 92,294,585 
Natural gas (1)
(302,727) (818,235)
Natural gas liquids 2,888,884  3,026,786 
Total oil, natural gas, and natural gas liquids revenues $ 79,091,207  $ 94,503,136 
(1) In the three months ended March 31, 2025 and 2024, the Company experienced a net negative total gas revenue, due to a lower gross realized sales prices per Mcf compared with the plant fees per Mcf.