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

SEGMENT REPORTING - Schedule of Reconciliation of Total Reportable Segments' Measures of Profit/Loss (Details)

v3.25.4
SEGMENT REPORTING - Schedule of Reconciliation of Total Reportable Segments' Measures of Profit/Loss (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Oil, Natural Gas, and Natural Gas Liquids Revenues $ 307,178,072 $ 366,327,414 $ 361,056,001
Lease operating expenses (79,353,806) (78,310,949) (70,158,227)
Gathering, transportation and processing costs (585,087) (506,333) (457,573)
Ad valorem taxes (7,906,586) (8,069,064) (6,757,841)
Oil and natural gas production taxes (14,312,232) (16,116,565) (18,135,336)
Depreciation, depletion and amortization (96,414,150) (98,702,843) (88,610,291)
Ceiling test impairment (108,825,446) 0 0
Asset retirement obligation accretion (1,490,255) (1,380,298) (1,425,686)
Operating lease expense (700,362) (700,362) (541,801)
General and administrative expense (31,928,576) (29,640,300) (29,188,755)
Interest income 290,879 491,946 257,155
Interest (expense) (40,430,929) (43,311,810) (43,926,732)
Gain (loss) on derivative contracts 31,658,839 (2,365,917) 2,767,162
Gain (loss) on disposal of assets 446,400 89,693 (87,128)
Other income 189,294 106,656 198,935
Income (Loss) Before Benefit from (Provision for) Income Taxes (42,183,945) 87,911,268 104,989,883
Total assets 1,411,899,249 1,408,099,474 1,376,496,392
Capital expenditures 98,211,527 151,946,171 151,969,735
Operating Segments | Exploration and Production      
Segment Reporting Information [Line Items]      
Oil, Natural Gas, and Natural Gas Liquids Revenues 307,178,072 366,327,414 361,056,001
Lease operating expenses (79,353,806) (78,310,949) (70,158,227)
Gathering, transportation and processing costs (585,087) (506,333) (457,573)
Ad valorem taxes (7,906,586) (8,069,064) (6,757,841)
Oil and natural gas production taxes (14,312,232) (16,116,565) (18,135,336)
Depreciation, depletion and amortization 0 0 0
Ceiling test impairment 0 0 0
Asset retirement obligation accretion 0 0 0
Operating lease expense 0 0 0
General and administrative expense 0 0 0
Interest income 0 0 0
Interest (expense) 0 0 0
Gain (loss) on derivative contracts 0 0 0
Gain (loss) on disposal of assets 0 0 0
Other income 0 0 0
Income (Loss) Before Benefit from (Provision for) Income Taxes 205,020,361 263,324,503 265,547,024
Total assets 1,365,252,029 1,381,583,504 1,338,584,701
Capital expenditures 98,211,527 151,946,171 151,969,735
Corporate      
Segment Reporting Information [Line Items]      
Oil, Natural Gas, and Natural Gas Liquids Revenues 0 0 0
Lease operating expenses 0 0 0
Gathering, transportation and processing costs 0 0 0
Ad valorem taxes 0 0 0
Oil and natural gas production taxes 0 0 0
Depreciation, depletion and amortization (96,414,150) (98,702,843) (88,610,291)
Ceiling test impairment (108,825,446) 0 0
Asset retirement obligation accretion (1,490,255) (1,380,298) (1,425,686)
Operating lease expense (700,362) (700,362) (541,801)
General and administrative expense (31,928,576) (29,640,300) (29,188,755)
Interest income 290,879 491,946 257,155
Interest (expense) (40,430,929) (43,311,810) (43,926,732)
Gain (loss) on derivative contracts 31,658,839 (2,365,917) 2,767,162
Gain (loss) on disposal of assets 446,400 89,693 (87,128)
Other income 189,294 106,656 198,935
Income (Loss) Before Benefit from (Provision for) Income Taxes (247,204,306) (175,413,235) (160,557,141)
Total assets 46,647,220 26,515,970 37,911,691
Capital expenditures $ 0 $ 0 $ 0