Quarterly report [Sections 13 or 15(d)]

REVENUE RECOGNITION (Tables)

v3.26.1
REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following table presents revenues disaggregated by product for the three months ended March 31, 2026 and 2025.
For the Three Months Ended
March 31, 2026 March 31, 2025
Oil, Natural Gas, and Natural Gas Liquids Revenues
Oil $ 76,205,014  $ 76,505,050 
Natural gas (1)
(4,296,088) (302,727)
Natural gas liquids 1,762,738  2,888,884 
Total oil, natural gas, and natural gas liquids revenues $ 73,671,664  $ 79,091,207 
(1) In the three months ended March 31, 2026 and 2025, the Company experienced a net negative total gas revenue, due to a lower gross realized sales prices per Mcf compared with the plant fees per Mcf.