DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Components of Cash (Paid) Received for Commodity Derivative Settlements (Details) - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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| Cash flows from operating activities | |||
| Cash (paid) received for derivative settlements | $ (9,084,920) | $ (62,525,954) | $ (52,768,154) |
| Oil | |||
| Cash flows from operating activities | |||
| Cash (paid) received for derivative settlements | (11,364,484) | (61,875,870) | (53,511,332) |
| Natural Gas | |||
| Cash flows from operating activities | |||
| Cash (paid) received for derivative settlements | $ 2,279,564 | $ (650,084) | $ 743,178 |
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- Definition The premium cost of a hedge, net of any cash (paid) and received on settlement during the period. No definition available.
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- References No definition available.
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