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SEGMENT REPORTING - Schedule of Reconciliation of Total Reportable Segments' Measures of Profit/Loss (Details) - USD ($) | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024 | Dec. 31, 2024
Segment Reporting Information [Line Items] |  |  |  |  |
Oil, Natural Gas, and Natural Gas Liquids Revenues | $ 78,601,336 | $ 89,244,383 | $ 240,295,302 | $ 282,886,868 |
Lease operating expenses | (20,518,472) | (20,315,282) | (60,442,005) | (57,984,733) |
Gathering, transportation and processing costs | (126,569) | (102,420) | (463,990) | (376,103) |
Ad valorem taxes | (2,446,565) | (2,164,562) | (5,627,320) | (5,647,469) |
Oil and natural gas production taxes | (3,670,987) | (4,203,851) | (11,088,049) | (12,259,418) |
Depreciation, depletion and amortization | (25,225,345) | (25,662,123) | (73,411,242) | (74,153,994) |
Ceiling test impairment | (72,912,330) | 0 | (72,912,330) | 0 |
Asset retirement obligation accretion | (390,563) | (354,195) | (1,099,363) | (1,057,213) |
Operating lease expense | (175,091) | (175,091) | (525,272) | (525,272) |
General and administrative expense | (8,139,771) | (6,421,567) | (23,898,266) | (21,604,323) |
Interest income | 74,253 | 143,704 | 233,969 | 367,181 |
Interest (expense) | (10,052,320) | (10,754,243) | (31,308,510) | (33,199,314) |
Gain (loss) on derivative contracts | 444,305 | 24,731,625 | 14,163,569 | 3,888,531 |
Gain (loss) on disposal of assets | 105,642 | 0 | 385,545 | 89,693 |
Other income | 0 | 0 | 159,712 | 25,686 |
Income (Loss) Before Benefit from (Provision for) Income Taxes | (64,432,477) | 43,966,378 | (25,538,250) | 80,450,120 |
Total assets | 1,434,672,593 | 1,399,765,010 | 1,434,672,593 | 1,399,765,010 | $ 1,408,099,474
Capital expenditures | 24,589,282 | 42,691,163 | 73,868,326 | 114,313,003 |
Operating Segments | Exploration and Production |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Oil, Natural Gas, and Natural Gas Liquids Revenues | 78,601,336 | 89,244,383 | 240,295,302 | 282,886,868 |
Lease operating expenses | (20,518,472) | (20,315,282) | (60,442,005) | (57,984,733) |
Gathering, transportation and processing costs | (126,569) | (102,420) | (463,990) | (376,103) |
Ad valorem taxes | (2,446,565) | (2,164,562) | (5,627,320) | (5,647,469) |
Oil and natural gas production taxes | (3,670,987) | (4,203,851) | (11,088,049) | (12,259,418) |
Depreciation, depletion and amortization | 0 | 0 | 0 | 0 |
Ceiling test impairment | 0 | 0 | 0 | 0 |
Asset retirement obligation accretion | 0 | 0 | 0 | 0 |
Operating lease expense | 0 | 0 | 0 | 0 |
General and administrative expense | 0 | 0 | 0 | 0 |
Interest income | 0 | 0 | 0 | 0 |
Interest (expense) | 0 | 0 | 0 | 0 |
Gain (loss) on derivative contracts | 0 | 0 | 0 | 0 |
Gain (loss) on disposal of assets | 0 | 0 | 0 | 0 |
Other income | 0 | 0 | 0 | 0 |
Income (Loss) Before Benefit from (Provision for) Income Taxes | 51,838,743 | 62,458,268 | 162,673,938 | 206,619,145 |
Total assets | 1,401,663,623 | 1,367,833,052 | 1,401,663,623 | 1,367,833,052 |
Capital expenditures | 24,589,282 | 42,691,163 | 73,868,326 | 114,313,003 |
Corporate |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Oil, Natural Gas, and Natural Gas Liquids Revenues | 0 | 0 | 0 | 0 |
Lease operating expenses | 0 | 0 | 0 | 0 |
Gathering, transportation and processing costs | 0 | 0 | 0 | 0 |
Ad valorem taxes | 0 | 0 | 0 | 0 |
Oil and natural gas production taxes | 0 | 0 | 0 | 0 |
Depreciation, depletion and amortization | (25,225,345) | (25,662,123) | (73,411,242) | (74,153,994) |
Ceiling test impairment | (72,912,330) | 0 | (72,912,330) | 0 |
Asset retirement obligation accretion | (390,563) | (354,195) | (1,099,363) | (1,057,213) |
Operating lease expense | (175,091) | (175,091) | (525,272) | (525,272) |
General and administrative expense | (8,139,771) | (6,421,567) | (23,898,266) | (21,604,323) |
Interest income | 74,253 | 143,704 | 233,969 | 367,181 |
Interest (expense) | (10,052,320) | (10,754,243) | (31,308,510) | (33,199,314) |
Gain (loss) on derivative contracts | 444,305 | 24,731,625 | 14,163,569 | 3,888,531 |
Gain (loss) on disposal of assets | 105,642 | 0 | 385,545 | 89,693 |
Other income | 0 | 0 | 159,712 | 25,686 |
Income (Loss) Before Benefit from (Provision for) Income Taxes | (116,271,220) | (18,491,890) | (188,212,188) | (126,169,025) |
Total assets | 33,008,970 | 31,931,958 | 33,008,970 | 31,931,958 |
Capital expenditures | $ 0 | $ 0 | $ 0 | $ 0 |

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