Annual report [Section 13 and 15(d), not S-K Item 405]

ACQUISITIONS & DIVESTITURES - Schedule of Preliminary Allocation of the Total Cost of the Founders Acquisition (Details)

v3.25.4
ACQUISITIONS & DIVESTITURES - Schedule of Preliminary Allocation of the Total Cost of the Founders Acquisition (Details) - USD ($)
 12 Months Ended
Jul. 10, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Fair value of assets acquired:          
Oil and natural gas properties   $ 1,891,510,431 $ 1,809,309,848    
Fair value of liabilities assumed:          
Asset retirement obligations   30,390,955 26,382,517 $ 28,248,084 $ 30,226,306
Founders Acquisition          
Cash consideration:          
Escrow deposit released at closing $ 7,500,000 0 0 7,500,000  
Closing amount paid to Founders 42,502,799        
Interest from escrow deposit 1,747 0 0 1,747  
Fair value of deferred payment liability 14,657,383        
Post-close adjustments (4,139,244) 0 0 (4,139,244)  
Total cash consideration 60,522,685        
Direct transaction costs 1,361,843 $ 0 $ 0 $ 1,361,843  
Total consideration 61,884,528        
Fair value of assets acquired:          
Oil and natural gas properties 64,886,472        
Amount attributable to assets acquired 64,886,472        
Fair value of liabilities assumed:          
Suspense liability 677,116        
Asset retirement obligations 2,090,777        
Ad valorem tax liability 234,051        
Amount attributable to liabilities assumed 3,001,944        
Net assets acquired $ 61,884,528