Quarterly report [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENTS (Tables)

v3.25.1
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table summarizes the valuation of our assets and liabilities that are measured at fair value on a recurring basis (further detail in "NOTE 6 — DERIVATIVE FINANCIAL INSTRUMENTS").
Fair Value Measurement Classification
Quoted prices in
Active Markets
for Identical Assets
or (Liabilities)
(Level 1)		 Significant Other
Observable Inputs
(Level 2)		 Significant
Unobservable
Inputs
(Level 3)		 Total
As of December 31, 2024
Commodity Derivatives - Assets $ —  $ 10,970,432  $ —  $ 10,970,432 
Commodity Derivatives - Liabilities $ —  $ (9,323,292) $ —  $ (9,323,292)
Total $ —  $ 1,647,140  $ —  $ 1,647,140 
As of March 31, 2025
Commodity Derivatives - Assets $ —  $ 10,330,272  $ —  $ 10,330,272 
Commodity Derivatives - Liabilities $ —  $ (9,058,328) $ —  $ (9,058,328)
Total $ —  $ 1,271,944  $ —  $ 1,271,944