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

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

v3.25.4
ACQUISITIONS & DIVESTITURES - Schedule of Final Allocation of the Total Cost of the Lime Rock Acquisition (Details) - USD ($)
 12 Months Ended
Mar. 31, 2025
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
Lime Rock Acquisition          
Common stock consideration          
Shares of common stock issued (in shares) 6,452,879        
Ring Common Stock Price (in dollars per share) $ 1.15        
Total common stock consideration $ 7,420,811        
Investing Activities - Cash Paid          
Escrow deposit released at closing 5,000,000 5,000,000 0 0  
Payments for asset acquisition 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 $ 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