Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND DIVESTITURES - Narrative (Details)

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ACQUISITIONS AND DIVESTITURES - Narrative (Details)
$ / shares in Units, a in Thousands
Dec. 29, 2023
USD ($)
Sep. 27, 2023
USD ($)
Jul. 10, 2023
USD ($)
May 11, 2023
USD ($)
Aug. 31, 2022
USD ($)
a
$ / shares
shares
Jun. 30, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Aug. 30, 2022
USD ($)
Jul. 01, 2014
USD ($)
ACQUISITIONS & DIVESTITURES                  
Line of credit facility, maximum borrowing capacity         $ 600,000,000       $ 1,000,000,000
Preferred stock, par value (in dollars per share) | $ / shares           $ 0.001 $ 0.001    
Asset retirement obligations           $ 28,575,420 $ 28,248,084    
Revolving Credit Facility | Truist Securities, Citizens Bank, KeyBanc Capital Markets, And Mizuho Bank Credit Facility | Line of Credit                  
ACQUISITIONS & DIVESTITURES                  
Line of credit facility, maximum borrowing capacity         1,000,000,000        
Line of credit facility, current borrowing capacity         $ 600,000,000     $ 350,000,000  
Delaware Basin                  
ACQUISITIONS & DIVESTITURES                  
Proceeds from divestiture of businesses       $ 8,300,000          
Purchase price, net of post close adjustments       7,600,000          
Decrease in asset retirement obligation       $ 2,300,000          
New Mexico Divestiture                  
ACQUISITIONS & DIVESTITURES                  
Proceeds from divestiture of businesses   $ 4,500,000              
Purchase price, net of post close adjustments   3,600,000              
Decrease in asset retirement obligation   $ 2,400,000              
Gaines County Texas                  
ACQUISITIONS & DIVESTITURES                  
Proceeds from divestiture of businesses $ 1,500,000                
Purchase price, net of post close adjustments 1,400,000                
Decrease in asset retirement obligation 500,000                
Commission fees $ 100,000                
Stronghold Acquisition                  
ACQUISITIONS & DIVESTITURES                  
Area of land | a         37        
Fair value of consideration paid to seller         $ 394,000,000        
Closing amount paid to Founders         165,900,000        
Contingent consideration         $ 15,000,000        
Payment period         6 months        
Inventory and fixed assets         $ 4,500,000        
Cash paid for realized oil derivative losses         $ 1,800,000        
Equity interest issued and issuable (in shares) | shares         21,339,986        
Shares of Preferred Stock issued (in shares) | shares         153,176        
Preferred stock, par value (in dollars per share) | $ / shares         $ 0.001        
As-converted shares of ring common stock (in shares) | shares         42,548,892        
Commodity Derivatives - Liabilities         $ 24,800,000        
Suspense liability         1,700,000        
Asset retirement obligations         $ 14,500,000        
Founders Acquisition                  
ACQUISITIONS & DIVESTITURES                  
Closing amount paid to Founders     $ 42,502,799            
Asset retirement obligations     2,090,777            
Deposit in escrow     7,500,000            
Purchase price adjustments     10,000,000            
Deferred cash payment     $ 11,900,000