Quarterly report [Sections 13 or 15(d)]

ASSET RETIREMENT OBLIGATION (Tables)

v3.25.2
ASSET RETIREMENT OBLIGATION (Tables)
6 Months Ended
Jun. 30, 2025
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Changes in Asset Retirement Obligations A reconciliation for the asset retirement obligation during the six months ended June 30, 2025 is as follows:
Balance, December 31, 2024 $ 26,382,517 
Liabilities acquired 2,587,179 
Liabilities incurred 23,158 
Liabilities settled (141,985)
Accretion expense 708,800 
Balance, June 30, 2025
$ 29,559,669 
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.
June 30, 2025 December 31, 2024
Asset retirement obligations, current $ 414,974  $ 517,674 
Asset retirement obligations, non-current 29,144,695  25,864,843 
Asset retirement obligations $ 29,559,669  $ 26,382,517