Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING - Schedule of Reconciliation of Total Reportable Segments' Measures of Profit/Loss (Details)

v3.25.1
SEGMENT REPORTING - Schedule of Reconciliation of Total Reportable Segments' Measures of Profit/Loss (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]      
Oil, Natural Gas, and Natural Gas Liquids Revenues $ 79,091,207 $ 94,503,136  
Lease operating expenses (19,677,552) (18,360,434)  
Gathering, transportation and processing costs (203,612) (166,054)  
Ad valorem taxes (1,532,108) (2,145,631)  
Oil and natural gas production taxes (3,584,455) (4,428,303)  
Depreciation, depletion and amortization (22,615,983) (23,792,450)  
Asset retirement obligation accretion (326,549) (350,834)  
Operating lease expense (175,091) (175,091)  
General and administrative expense (8,619,976) (7,469,222)  
Interest income 90,058 78,544  
Interest (expense) (9,498,786) (11,498,944)  
Gain (loss) on derivative contracts (928,790) (19,014,495)  
Gain (loss) on disposal of assets 124,610 38,355  
Other income 8,942 25,686  
Income (Loss) Before Benefit from (Provision for) Income Taxes 12,151,915 7,244,263  
Total assets 1,505,610,274 1,384,683,940 $ 1,408,099,474
Capital expenditures 32,451,531 36,261,008  
Operating Segments | Exploration and Production      
Segment Reporting Information [Line Items]      
Oil, Natural Gas, and Natural Gas Liquids Revenues 79,091,207 94,503,136  
Lease operating expenses (19,677,552) (18,360,434)  
Gathering, transportation and processing costs (203,612) (166,054)  
Ad valorem taxes (1,532,108) (2,145,631)  
Oil and natural gas production taxes (3,584,455) (4,428,303)  
Depreciation, depletion and amortization 0 0  
Asset retirement obligation accretion 0 0  
Operating lease expense 0 0  
General and administrative expense 0 0  
Interest income 0 0  
Interest (expense) 0 0  
Gain (loss) on derivative contracts 0 0  
Gain (loss) on disposal of assets 0 0  
Other income 0 0  
Income (Loss) Before Benefit from (Provision for) Income Taxes 54,093,480 69,402,714  
Total assets 1,482,143,321 1,356,323,667  
Capital expenditures 32,451,531 36,261,008  
Corporate      
Segment Reporting Information [Line Items]      
Oil, Natural Gas, and Natural Gas Liquids Revenues 0 0  
Lease operating expenses 0 0  
Gathering, transportation and processing costs 0 0  
Ad valorem taxes 0 0  
Oil and natural gas production taxes 0 0  
Depreciation, depletion and amortization (22,615,983) (23,792,450)  
Asset retirement obligation accretion (326,549) (350,834)  
Operating lease expense (175,091) (175,091)  
General and administrative expense (8,619,976) (7,469,222)  
Interest income 90,058 78,544  
Interest (expense) (9,498,786) (11,498,944)  
Gain (loss) on derivative contracts (928,790) (19,014,495)  
Gain (loss) on disposal of assets 124,610 38,355  
Other income 8,942 25,686  
Income (Loss) Before Benefit from (Provision for) Income Taxes (41,941,565) (62,158,451)  
Total assets 23,466,953 28,360,273  
Capital expenditures $ 0 $ 0