DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of components of Gain (loss) on derivative contracts (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2022 |
Jun. 30, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
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(Loss) on derivative contracts | $ (7,457,018) | $ (35,277,240) | $ (35,053,159) | $ (66,865,879) |
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Nonoperating Income (Expense) | |||
Oil | ||||
(Loss) on derivative contracts | $ (7,457,018) | $ (35,277,240) | $ (35,053,159) | (66,667,190) |
Natural Gas | ||||
(Loss) on derivative contracts | $ (198,689) |
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Indicates line item in statement of income or comprehensive income that includes gain (loss) from derivative. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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