Quarterly report [Sections 13 or 15(d)]

REVENUE RECOGNITION (Tables)

v3.25.2
REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following table presents revenues disaggregated by product:
For the Three Months Ended
For the Six Months Ended
June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024
Oil, Natural Gas, and Natural Gas Liquids Revenues
Oil $ 82,778,476  $ 99,289,498  $ 159,283,526  $ 191,584,083 
Natural gas (1)
(2,238,937) (2,972,807) (2,541,664) (3,791,042)
Natural gas liquids 2,063,220  2,822,658  4,952,104  5,849,444 
Total oil, natural gas, and natural gas liquids revenues $ 82,602,759  $ 99,139,349  $ 161,693,966  $ 193,642,485 
(1) In the three and six months ended June 30, 2025 and 2024, the Company experienced a net negative total gas revenue, due to a lower gross realized sales prices per Mcf compared with the plant fees per Mcf.