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REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents revenues disaggregated by product for the years ended December 31, 2024, 2023, and 2022.

			For the years ended December 31,
			2024						2023						2022
Oil, Natural Gas, and Natural Gas Liquids Revenues
Oil			$	363,971,394					$	349,044,863					$	321,062,672
Natural gas (1) (2)			(9,265,335)						334,175						18,693,631
Natural gas liquids (1)			11,621,355						11,676,963						7,493,234
Total oil, natural gas, and natural gas liquids revenues			$	366,327,414					$	361,056,001					$	347,249,537

(1) Beginning on July 1, 2022, the Company began reporting volumes and revenues on a three-stream basis, separately reporting crude oil, natural gas, and NGL sales. For periods prior to July 1, 2022, sales revenues for NGLs were presented with natural gas.

(2) In 2024, the Company experienced a net negative total gas revenue, due to the significant reduction in gross realized sales prices per Mcf, coupled with the growth in the plant fees per Mcf.

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- References

No definition available.

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