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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

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