Quarterly report [Sections 13 or 15(d)]

ASSET RETIREMENT OBLIGATION (Tables)

v3.25.1
ASSET RETIREMENT OBLIGATION (Tables)
3 Months Ended
Mar. 31, 2025
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Changes in Asset Retirement Obligations A reconciliation for the asset retirement obligation during the three months ended March 31, 2025 is as follows:
Balance, December 31, 2024 $ 26,382,517 
Liabilities acquired 2,587,179 
Liabilities incurred 16,867 
Liabilities settled (44,763)
Accretion expense 326,549 
Balance, March 31, 2025
$ 29,268,349 
Schedule of Current and Non-Current Asset Retirement Obligations
The following table presents the Company's current and non-current asset retirement obligation balances as of the periods specified.
March 31, 2025 December 31, 2024
Asset retirement obligations, current $ 441,611  $ 517,674 
Asset retirement obligations, non-current 28,826,738  25,864,843 
Asset retirement obligations $ 29,268,349  $ 26,382,517