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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Revenues    
Total revenues $ 18,879,010 $ 5,595,376
Operating costs    
Depreciation, depletion, amortization and accretion 1,527,812 1,410,888
Impairment of proved property 0 9,602,620
Net loss on derivative contracts 0 334,966
General and administrative expenses [1] 1,939,909 1,278,698
Total operating costs 12,092,888 15,025,096
Income (loss) from operations 6,786,122 (9,429,720)
Other    
Interest and other income 2,477 14,426
Interest expense (50,612) (22,032)
Income (loss) before income taxes 6,737,987 (9,437,326)
Income tax expense (benefit) 1,519,586 (2,302,178)
Net income (loss) attributable to common stockholders $ 5,218,401 $ (7,135,148)
Earnings (loss) per common share    
Basic (in dollars per share) $ 0.16 $ (0.22)
Diluted (in dollars per share) $ 0.16 $ (0.22)
Weighted average number of common shares outstanding    
Basic (in shares) 33,533,990 32,955,656
Diluted (in shares) 33,533,990 32,955,656
Oil    
Revenues    
Total revenues $ 8,858,463 $ 5,379,161
Natural gas liquids    
Revenues    
Total revenues 4,562,218 216,026
Natural gas    
Revenues    
Total revenues 5,458,329 189
Lease operating costs    
Operating costs    
Lease operating costs $ 8,625,167 $ 2,397,924
[1] General and administrative expenses for the three months ended September 30, 2021 and 2020 included non-cash stock-based compensation expenses of $197,826 and $300,351, respectively.