BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Schedule of Depletion and Depletion per Barrel of Oil Equivalents Rate (Details) |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2025
USD ($)
$ / Boe
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Jun. 30, 2024
USD ($)
$ / Boe
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Jun. 30, 2025
USD ($)
$ / Boe
|
Jun. 30, 2024
USD ($)
$ / Boe
|
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||
Depletion | $ | $ 25,224,638 | $ 24,325,186 | $ 47,479,214 | $ 47,754,798 |
Depletion rate, per barrel-of-oil-equivalent (Boe) | $ / Boe | 13.02 | 13.51 | 13.21 | 13.52 |
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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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