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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Revenues        
Total revenues $ 22,338,361 $ 5,768,152 $ 41,217,371 $ 11,363,528
Operating costs        
Depreciation, depletion, and amortization 1,223,721 1,358,168 2,751,533 2,769,056
Impairment of proved property 0 15,189,459 0 24,792,079
Net loss on derivative contracts 0 279,679 0 614,645
General and administrative expenses [1] 1,823,245 1,845,699 3,763,154 3,124,397
Total operating costs 13,717,940 21,678,418 25,810,828 36,703,514
Income (loss) from operations 8,620,421 (15,910,266) 15,406,543 (25,339,986)
Other        
Interest and other income 7,293 11,217 9,770 25,643
Interest expense (50,930) (19,622) (101,542) (41,654)
Income (loss) before income taxes 8,576,784 (15,918,671) 15,314,771 (25,355,997)
Income tax expense (benefit) 1,744,612 (3,208,664) 3,264,198 (5,510,842)
Net income (loss) attributable to common stockholders $ 6,832,172 $ (12,710,007) $ 12,050,573 $ (19,845,155)
Earnings (loss) per common share        
Basic (in dollars per share) $ 0.20 $ (0.38) $ 0.36 $ (0.60)
Diluted (in dollars per share) $ 0.20 $ (0.38) $ 0.36 $ (0.60)
Weighted average number of common shares outstanding        
Basic (in shares) 33,645,982 33,106,885 33,589,986 33,031,270
Diluted (in shares) 33,645,982 33,106,885 33,589,986 33,031,270
Oil        
Revenues        
Total revenues $ 10,582,145 $ 5,462,783 $ 19,440,608 $ 10,841,944
Natural gas liquids        
Revenues        
Total revenues 2,586,758 305,200 7,148,976 521,226
Natural gas        
Revenues        
Total revenues 9,169,458 169 14,627,787 358
Lease operating costs        
Operating costs        
Lease operating costs $ 10,670,974 $ 3,005,413 $ 19,296,141 $ 5,403,337
[1] General and administrative expenses for the three months ended December 31, 2021 and 2020 included non-cash stock-based compensation expenses of $329,677 and $317,506, respectively. For the six months ended December 31, 2021 and 2020, non-cash stock-based compensation expenses were $527,503 and $617,857, respectively.