DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Components of Cash (Paid) Received for Commodity Derivative Settlements (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
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| Cash flows from operating activities | ||||
| Cash (paid) received for derivative settlements | $ 179,595 | $ (19,617,265) | $ (478,930) | $ (33,732,766) |
| Oil | ||||
| Cash flows from operating activities | ||||
| Cash (paid) received for derivative settlements | (833,841) | (19,617,265) | (1,497,603) | (33,732,766) |
| Natural Gas | ||||
| Cash flows from operating activities | ||||
| Cash (paid) received for derivative settlements | $ 1,013,436 | $ 0 | $ 1,018,673 | $ 0 |
| X | ||||||||||
- 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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