DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Components of Cash Received (Paid) for Commodity Derivative Settlements (Details) - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2025 |
Mar. 31, 2024 |
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| Cash flows from operating activities | ||
| Cash received (paid) for derivative settlements, net | $ (553,594) | $ (1,461,515) |
| Oil | ||
| Cash flows from operating activities | ||
| Cash received (paid) for derivative settlements, net | (640,267) | (2,738,970) |
| Natural Gas | ||
| Cash flows from operating activities | ||
| Cash received (paid) for derivative settlements, net | $ 86,673 | $ 1,277,455 |
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- Definition The premium cost of a hedge, net of any cash (paid) and received on settlement during the period. No definition available.
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- References No definition available.
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