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

SEGMENT REPORTING - Reconciliation of Total Reportable Segments' Measures of Profit/Loss (Details)

v3.25.0.1
SEGMENT REPORTING - Reconciliation of Total Reportable Segments' Measures of Profit/Loss (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]      
Oil, Natural Gas, and Natural Gas Liquids Revenues $ 366,327,414 $ 361,056,001 $ 347,249,537
Lease operating expenses (78,310,949) (70,158,227) (47,695,351)
Gathering, transportation and processing costs (506,333) (457,573) (1,830,024)
Ad valorem taxes (8,069,064) (6,757,841) (4,670,617)
Oil and natural gas production taxes (16,116,565) (18,135,336) (17,125,982)
Depreciation, depletion and amortization (98,702,843) (88,610,291) (55,740,767)
Asset retirement obligation accretion (1,380,298) (1,425,686) (983,432)
Operating lease expense (700,362) (541,801) (363,908)
General and administrative expense (29,640,300) (29,188,755) (27,095,323)
Interest income 491,946 257,155 4
Interest (expense) (43,311,810) (43,926,732) (23,167,729)
Gain (loss) on derivative contracts (2,365,917) 2,767,162 (21,532,659)
Gain (loss) on disposal of assets 89,693 (87,128) 0
Other income 106,656 198,935 0
Income (Loss) Before Benefit from (Provision for) Income Taxes 87,911,268 104,989,883 147,043,749
Total assets 1,408,099,474 1,376,496,392 1,268,999,797
Capital expenditures 151,946,171 151,969,735 140,051,159
Operating Segments | Exploration and Production      
Segment Reporting Information [Line Items]      
Oil, Natural Gas, and Natural Gas Liquids Revenues 366,327,414 361,056,001 347,249,537
Lease operating expenses (78,310,949) (70,158,227) (47,695,351)
Gathering, transportation and processing costs (506,333) (457,573) (1,830,024)
Ad valorem taxes (8,069,064) (6,757,841) (4,670,617)
Oil and natural gas production taxes (16,116,565) (18,135,336) (17,125,982)
Depreciation, depletion and amortization 0 0 0
Asset retirement obligation accretion 0 0 0
Operating lease expense 0 0 0
General and administrative expense 0 0 0
Interest income 0 0 0
Interest (expense) 0 0 0
Gain (loss) on derivative contracts 0 0 0
Gain (loss) on disposal of assets 0 0  
Other income 0 0  
Income (Loss) Before Benefit from (Provision for) Income Taxes 263,324,503 265,547,024 275,927,563
Total assets 1,381,583,504 1,338,584,701 1,229,752,442
Capital expenditures 151,946,171 151,969,735 140,051,159
Corporate      
Segment Reporting Information [Line Items]      
Oil, Natural Gas, and Natural Gas Liquids Revenues 0 0 0
Lease operating expenses 0 0 0
Gathering, transportation and processing costs 0 0 0
Ad valorem taxes 0 0 0
Oil and natural gas production taxes 0 0 0
Depreciation, depletion and amortization (98,702,843) (88,610,291) (55,740,767)
Asset retirement obligation accretion (1,380,298) (1,425,686) (983,432)
Operating lease expense (700,362) (541,801) (363,908)
General and administrative expense (29,640,300) (29,188,755) (27,095,323)
Interest income 491,946 257,155 4
Interest (expense) (43,311,810) (43,926,732) (23,167,729)
Gain (loss) on derivative contracts (2,365,917) 2,767,162 (21,532,659)
Gain (loss) on disposal of assets 89,693 (87,128)  
Other income 106,656 198,935  
Income (Loss) Before Benefit from (Provision for) Income Taxes (175,413,235) (160,557,141) (128,883,814)
Total assets 26,515,970 37,911,691 39,247,355
Capital expenditures $ 0 $ 0 $ 0