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STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities      
Net income $ 29,496,551 $ 8,999,760 $ 1,753,869
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 56,204,269 39,024,886 20,517,780
Ceiling test impairment 0 14,172,309 0
Accretion expense 943,707 606,459 567,968
Amortization of deferred financing costs 991,310 0 0
Share-based compensation 3,082,625 3,870,934 3,685,079
Deferred income tax expense (benefit) 9,500,517 2,537,837 3,862,827
Excess tax expense (benefit) related to share-based compensation 3,855,389 907,884 (49,896)
Adjustment to deferred tax asset for change in effective tax rate 431,748 0 6,603,240
Change in fair value of derivative instruments 3,000,078 (3,968,286) 3,968,286
Changes in assets and liabilities:      
Accounts receivable (10,035,648) 666,283 (9,980,206)
Prepaid expenses and retainers (1,878,667) (318,190) 268,080
Accounts payable 12,320,308 4,435,269 12,375,772
Settlement of asset retirement obligation (1,295,966) (577,824) (766,595)
Net Cash Provided by Operating Activities 106,616,221 70,357,321 42,806,204
Cash Flows From Investing Activities      
Payments for the Wishbone Acquisition (276,061,594) 0 0
Payments to purchase oil and natural gas properties (3,400,411) (4,656,484) (28,682,298)
Proceeds from divestiture of oil and natural gas properties 8,547,074 0 0
Payments to develop oil and natural gas properties (152,125,320) (198,870,366) (124,680,469)
Proceeds from disposal of fixed assets subject to depreciation 0 105,536 0
Purchase of fixed assets subject to depreciation 0 0 (335,507)
Purchase of inventory for development 0 0 (4,214,686)
Net Cash Used in Investing Activities (423,040,251) (203,421,314) (157,912,960)
Cash Flows From Financing Activities      
Proceeds from revolving line of credit 327,000,000 39,500,000 0
Proceeds from issuance of common stock 0 81,821,138 59,026,956
Proceeds from option exercise 0 100,000 0
Payment of deferred financing costs (3,781,657) 0 0
Reduction of financing lease liabilities (153,417) 0 0
Net Cash Provided by Financing Activities 323,064,926 121,421,138 59,026,956
Net Increase (Decrease) in Cash 6,640,896 (11,642,855) (56,079,800)
Cash at Beginning of Period 3,363,726 15,006,581 71,086,381
Cash at End of Period 10,004,622 3,363,726 15,006,581
Supplemental Cash Flow Information      
Cash paid for interest 10,364,313 323,916 0
Noncash Investing and Financing Activities      
Asset retirement obligation incurred during development 631,727 1,311,956 1,297,289
Asset retirement obligation acquired 39,701 2,571,549 0
Asset retirement obligation revision of estimate   87,960  
Operating lease assets obtained in exchange for new operating lease liability 2,319,185 0 0
Financing lease assets obtained in exchange for new financing lease liability 858,513 0 0
Prepaid asset settled in diverstiture of oil and natural gas properties 1,019,876 0 0
Oil and natural gas assets and properties acquired through stock issuance 0 11,204,258 0
Capitalized expenditures attributable to drilling projects financed through current liabilities 15,170,000 26,000,000 23,000,000
Use of inventory in property development 0 0 5,797,113
Supplemental Schedule of Investing Activities Wishbone Acquisition      
Assumption of joint interest billing receivable 1,464,394 0 0
Assumption of prepaid assets 2,864,554 0 0
Assumption of accounts and revenue payables (1,234,861) 0 0
Asset retirement obligation incurred through acquisition (3,705,941) 0 0
Common stock issued as partial consideration in asset acquisition (28,331,327) 0 0
Oil and gas properties subject to amortization 305,004,775 0 0
Cash paid $ 276,061,594 $ 0 $ 0