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REVENUE RECOGNITION (Tables) | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents revenues disaggregated by product:
|  |  | For the Three Months Ended
|  |  |  |  | March 31, 2025 |  | March 31, 2024
Oil, Natural Gas, and Natural Gas Liquids Revenues |  |  |  |  |  |  |
Oil |  |  |  |  | $ | 76,505,050 |  |  | $ | 92,294,585 |
Natural gas (1) |  |  |  |  | (302,727) |  |  | (818,235) |
Natural gas liquids |  |  |  |  | 2,888,884 |  |  | 3,026,786 |
Total oil, natural gas, and natural gas liquids revenues |  |  |  |  | $ | 79,091,207 |  |  | $ | 94,503,136 |
(1) In the three months ended March 31, 2025 and 2024, the Company experienced a net negative total gas revenue, due to a lower gross realized sales prices per Mcf compared with 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 + Details
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