DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Components of Cash (Paid) Received for Commodity Derivative Settlements (Details) - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2024 |
Mar. 31, 2023 |
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| Cash flows from operating activities | ||
| Cash (paid) received for derivative settlements | $ (1,461,515) | $ (658,525) |
| Oil | ||
| Cash flows from operating activities | ||
| Cash (paid) received for derivative settlements | (2,738,970) | (663,762) |
| Natural Gas | ||
| Cash flows from operating activities | ||
| Cash (paid) received for derivative settlements | $ 1,277,455 | $ 5,237 |
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- Definition The premium cost of a hedge, net of any cash (paid) and received on settlement during the period. No definition available.
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- References No definition available.
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