Quarterly report pursuant to Section 13 or 15(d)

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

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ACQUISITIONS AND DIVESTITURES - Preliminary Allocation of the Total Cost of the Founders Acquisition (Details) - USD ($)
 9 Months Ended
Jul. 10, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Fair value of assets acquired:        
Oil and natural gas properties   $ 1,770,078,718   $ 1,663,548,249
Fair value of assets acquired:        
Asset retirement obligations   26,232,994   $ 28,248,084
Founders Acquisition        
Investing Activities - Cash Paid        
Deposit in escrow $ 7,500,000 0 $ 7,500,000  
Closing amount paid to Founders 42,502,799      
Interest from escrow deposit 1,747 0 1,747  
Fair value of deferred payment liability 14,657,383      
Post-close adjustments (4,139,244) 0 (1,463,632)  
Total cash consideration 60,522,685      
Direct transaction costs 1,361,843 $ 0 $ 1,361,843  
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 assets acquired:        
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