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Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has one reportable segment, which is engaged in the acquisition, exploration, development and production of crude oil and natural gas in the United States. All of our oil and natural gas sales come from customers in the
United States. The segment’s revenues are primarily derived from our interests in the sales of crude oil and natural gas production. The Company’s chief operating decision maker (“CODM”) is our chief executive officer, who manages the Company’s business activities as a single operating and reporting segment.
The accounting policies of the one reportable segment are the same as those described in the summary of significant accounting policies. The CODM uses net income, as reported in our statement of operations, to measure segment profit or loss, assess performance, and make strategic capital resources allocations. The measure of segment assets is reported on our balance sheet as total assets. The significant expense categories regularly provided to the CODM are the expenses as noted on the face of the statements of operations. 
The following table provides information about the Company’s one reportable segment and includes the reconciliation to consolidated net income:
Three Months Ended March 31,
20252024
Total revenues$85,165$50,225
Less: 
Gathering, processing, and transportation12,07010,456
Lease operating7,4347,288
Production and ad valorem taxes632359
Depreciation, depletion, and amortization 21,25815,555
General and administrative131,7502,128
Other segment (income)/expenses (1)
40,38328,495
Segment income$(128,362)$(14,056)
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(1) Other segment (income) expenses are comprised of net interest expense of $3,067 and $4,573 for the three months ended March 31, 2025 and 2024, respectively, gain (loss) on derivative instruments of ($37,218) and ($23,455) for the three months ended March 31, 2025 and 2024, respectively, other income (loss) of ($63) and ($467) for the three months ended March 31, 2025 and 2024, respectively and income tax expense (benefit) of $35 for the three months ended March 31, 2025.