Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.23.2
REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Disaggregation of Revenue. The following table presents revenues disaggregated by product:
For the Three Months Ended For the Six Months Ended
June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022
Oil, Natural Gas, and Natural Gas Liquids Revenues
Oil $ 78,042,072  $ 79,688,536  $ 161,628,399  $ 143,119,163 
Natural gas (1,100,776) 5,273,339  (36,213) 10,023,744 
Natural gas liquids (1)
2,407,277  —  5,839,299  — 
Total oil, natural gas, and natural gas liquids revenues $ 79,348,573  $ 84,961,875  $ 167,431,485  $ 153,142,907 
(1) Beginning on July 1, 2022, the Company began reporting volumes and revenues on a three-stream basis, separately reporting crude oil, natural gas, and NGL sales. For periods prior to July 1, 2022, sales revenues for NGLs were presented with natural gas.