Annual report [Section 13 and 15(d), not S-K Item 405]

FAIR VALUE MEASUREMENTS (Tables)

v3.25.0.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table summarizes the valuation of our assets and liabilities that are measured at fair value on a recurring basis (further detail in "NOTE 7 — DERIVATIVE FINANCIAL INSTRUMENTS").
Fair Value Measurement Classification
Quoted prices in
Active Markets
for Identical Assets
or (Liabilities)
(Level 1)		 Significant Other
Observable Inputs
(Level 2)		 Significant
Unobservable
Inputs
(Level 3)		 Total
As of December 31, 2023
Commodity Derivatives - Assets
 $ —  $ 17,850,088  $ —  $ 17,850,088 
Commodity Derivatives - Liabilities —  (19,030,704) —  (19,030,704)
Total $ —  $ (1,180,616) $ —  $ (1,180,616)
As of December 31, 2024
Commodity Derivatives - Assets $ —  $ 10,970,432  $ —  $ 10,970,432 
Commodity Derivatives - Liabilities —  (9,323,292) —  (9,323,292)
Total $ —  $ 1,647,140  $ —  $ 1,647,140