Quarterly report [Sections 13 or 15(d)]

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

v3.26.3
SEGMENT REPORTING - Schedule of Reconciliation of Total Reportable Segments' Measures of Profit/Loss (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Segment Reporting [Line Items]          
Oil, Natural Gas, and Natural Gas Liquids Revenues $ 102,343,662 $ 78,601,336 $ 280,696,815 $ 240,295,302  
Lease operating expenses (19,367,227) (20,518,472) (55,899,033) (60,442,005)  
Gathering, transportation and processing costs (180,787) (126,569) (399,738) (463,990)  
Ad valorem taxes (2,210,911) (2,446,565) (6,615,608) (5,627,320)  
Oil and natural gas production taxes (4,584,698) (3,670,987) (13,186,208) (11,088,049)  
Depreciation, depletion and amortization (20,900,733) (25,225,345) (62,421,571) (73,411,242)  
Ceiling test impairment 0 (72,912,330) (162,086,257) (72,912,330)  
Asset retirement obligation accretion (405,729) (390,563) (1,203,169) (1,099,363)  
Operating lease expense (124,187) (175,091) (474,368) (525,272)  
General and administrative expense (9,046,598) (8,139,771) (24,439,606) (23,898,266)  
Interest income 108,728 74,253 327,797 233,969  
Interest (expense) (7,695,843) (10,052,320) (24,675,004) (31,308,510)  
Gain (loss) on derivative contracts (53,200,280) 444,305 (111,706,779) 14,163,569  
Gain (loss) on disposal of assets 52,331 105,642 156,481 385,545  
Other income 0 0 15,437 159,712  
Income (Loss) Before Benefit from (Provision for) Income Taxes (15,212,272) (64,432,477) (181,910,811) (25,538,250)  
Total Assets 1,317,732,866 1,434,672,593 1,317,732,866 1,434,672,593 $ 1,411,899,249
Capital expenditures 64,035,184 24,589,282 141,709,849 73,868,326  
Operating Segments | Reportable Segment          
Segment Reporting [Line Items]          
Oil, Natural Gas, and Natural Gas Liquids Revenues 102,343,662 78,601,336 280,696,815 240,295,302  
Lease operating expenses (19,367,227) (20,518,472) (55,899,033) (60,442,005)  
Gathering, transportation and processing costs (180,787) (126,569) (399,738) (463,990)  
Ad valorem taxes (2,210,911) (2,446,565) (6,615,608) (5,627,320)  
Oil and natural gas production taxes (4,584,698) (3,670,987) (13,186,208) (11,088,049)  
Depreciation, depletion and amortization 0 0 0 0  
Ceiling test impairment 0 0 0 0  
Asset retirement obligation accretion 0 0 0 0  
Operating lease expense 0 0 0 0  
General and administrative expense 0 0 0 0  
Interest income 0 0 0 0  
Interest (expense) 0 0 0 0  
Gain (loss) on derivative contracts 0 0 0 0  
Gain (loss) on disposal of assets 0 0 0 0  
Other income 0 0 0 0  
Income (Loss) Before Benefit from (Provision for) Income Taxes 76,000,039 51,838,743 204,596,228 162,673,938  
Total Assets 1,289,211,506 1,401,663,623 1,289,211,506 1,401,663,623  
Capital expenditures 64,035,184 24,589,282 141,709,849 73,868,326  
Corporate          
Segment Reporting [Line Items]          
Oil, Natural Gas, and Natural Gas Liquids Revenues 0 0 0 0  
Lease operating expenses 0 0 0 0  
Gathering, transportation and processing costs 0 0 0 0  
Ad valorem taxes 0 0 0 0  
Oil and natural gas production taxes 0 0 0 0  
Depreciation, depletion and amortization (20,900,733) (25,225,345) (62,421,571) (73,411,242)  
Ceiling test impairment 0 (72,912,330) (162,086,257) (72,912,330)  
Asset retirement obligation accretion (405,729) (390,563) (1,203,169) (1,099,363)  
Operating lease expense (124,187) (175,091) (474,368) (525,272)  
General and administrative expense (9,046,598) (8,139,771) (24,439,606) (23,898,266)  
Interest income 108,728 74,253 327,797 233,969  
Interest (expense) (7,695,843) (10,052,320) (24,675,004) (31,308,510)  
Gain (loss) on derivative contracts (53,200,280) 444,305 (111,706,779) 14,163,569  
Gain (loss) on disposal of assets 52,331 105,642 156,481 385,545  
Other income 0 0 15,437 159,712  
Income (Loss) Before Benefit from (Provision for) Income Taxes (91,212,311) (116,271,220) (386,507,039) (188,212,188)  
Total Assets 28,521,360 33,008,970 28,521,360 33,008,970  
Capital expenditures $ 0 $ 0 $ 0 $ 0