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ACQUISITIONS & DIVESTITURES - Preliminary Allocation of the Total Cost of the Founders Acquisition (Details) - USD ($) |  | 12 Months Ended |
--- | --- | --- | ---
Jul. 10, 2023 | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Fair value of assets acquired: |  |  |  |  |
Oil and natural gas properties |  | $ 1,809,309,848 | $ 1,663,548,249 |  |
Fair value of liabilities assumed: |  |  |  |  |
Asset retirement obligations |  | 26,382,517 | 28,248,084 | $ 30,226,306 | $ 15,292,054
Founders Acquisition |  |  |  |  |
Cash consideration: |  |  |  |  |
Escrow deposit released at closing | $ 7,500,000 | 0 | 7,500,000 | 0 |
Closing amount paid to Founders | 42,502,799 |  |  |  |
Interest from escrow deposit | 1,747 | 0 | 1,747 | 0 |
Fair value of deferred payment liability | 14,657,383 |  |  |  |
Post-close adjustments | (4,139,244) | 0 | (4,139,244) | 0 |
Total cash consideration | 60,522,685 |  |  |  |
Direct transaction costs | 1,361,843 | $ 0 | $ 1,361,843 | $ 0 |
Total consideration | 61,884,528 |  |  |  |
Fair value of assets acquired: |  |  |  |  |
Oil and natural gas properties | 64,886,472 |  |  |  |
Amount attributable to assets acquired | 64,886,472 |  |  |  |
Fair value of liabilities assumed: |  |  |  |  |
Suspense liability | 677,116 |  |  |  |
Asset retirement obligations | 2,090,777 |  |  |  |
Ad valorem tax liability | 234,051 |  |  |  |
Amount attributable to liabilities assumed | 3,001,944 |  |  |  |
Net assets acquired | $ 61,884,528 |  |  |  |

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