Quarterly report [Sections 13 or 15(d)]

ACQUISITIONS AND DIVESTITURES - Schedule of Final Allocation of the Total Cost of the Lime Rock Acquisition (Details)

v3.25.3
ACQUISITIONS AND DIVESTITURES - Schedule of Final Allocation of the Total Cost of the Lime Rock Acquisition (Details) - USD ($)
 9 Months Ended
Mar. 31, 2025
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Fair value of assets acquired:        
Oil and natural gas properties   $ 1,902,517,373   $ 1,809,309,848
Fair value of liabilities assumed:        
Asset retirement obligations   29,997,391   $ 26,382,517
Lime Rock Acquisition        
Common stock consideration        
Shares of common stock issued (in shares) 6,452,879      
Common stock price (in dollars per share) $ 1.15      
Total common stock consideration $ 7,420,811      
Cash consideration        
Escrow deposit released at closing 5,000,000 5,000,000 $ 0  
Closing amount paid to Lime Rock 63,599,939      
Fair value of deferred payment liability 9,415,066      
Post-close adjustments 721,116      
Total cash consideration 78,736,121      
Direct transaction costs 2,576,648 $ 2,576,648 $ 0  
Total consideration 88,733,580      
Fair value of assets acquired:        
Oil and natural gas properties 92,111,309      
Fixed assets 34,275      
Joint interest billing receivable 39,820      
Amount attributable to assets acquired 92,185,404      
Fair value of liabilities assumed:        
Suspense liability 459,096      
Asset retirement obligations 2,587,179      
Ad valorem tax liability 405,549      
Amount attributable to liabilities assumed 3,451,824      
Net assets acquired $ 88,733,580