BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Schedule of Depletion and Depletion Rate per Barrel of Oil Equivalents (Details) |
3 Months Ended | |
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Mar. 31, 2025
USD ($)
$ / Boe
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Mar. 31, 2024
USD ($)
$ / Boe
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
| Depletion | $ | $ 22,254,576 | $ 23,429,612 |
| Depletion rate, per barrel-of-oil-equivalent (Boe) | $ / Boe | 13.44 | 13.53 |
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- Definition Depletion costs incurred in the oil during the reporting period divided by the number of barrels of oil equivalents (BOE) produced. No definition available.
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- Definition The noncash expense charged against earnings to recognize the consumption of oil and gas reserves that are part of an entities' assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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