Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS & DIVESTITURES - Preliminary Allocation of the Total Cost of the Founders Acquisition (Details)

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ACQUISITIONS & DIVESTITURES - Preliminary Allocation of the Total Cost of the Founders Acquisition (Details) - USD ($)
 12 Months Ended
Jul. 10, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Fair value of assets acquired:          
Oil and natural gas properties   $ 1,663,548,249 $ 1,463,838,595    
Fair value of liabilities assumed:          
Asset retirement obligations   28,248,084 30,226,306 $ 15,292,054 $ 17,117,135
Founders Acquisition          
Investing Activities - Cash Paid          
Deposit in escrow $ 7,500,000 7,500,000 0 0  
Payments for asset acquisition 42,502,799        
Interest from escrow deposit 1,747 1,747 0 0  
Fair value of deferred payment liability 14,657,383        
Post-close adjustments (4,139,244) (4,139,244) 0 0  
Total cash consideration 60,522,685        
Direct transaction costs 1,361,843 $ 1,361,843 $ 0 $ 0  
Total consideration 61,884,528        
Fair value of assets acquired:          
Oil and natural gas properties 64,886,472        
Amount attributable to assets acquired 64,886,472        
Fair value of liabilities assumed:          
Suspense liability 677,116        
Asset retirement obligations 2,090,777        
Ad valorem tax liability 234,051        
Amount attributable to liabilities assumed 3,001,944        
Net assets acquired $ 61,884,528