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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Revenues        
Total revenues $ 25,689,104 $ 7,635,748 $ 66,906,475 $ 18,999,276
Operating costs        
Depletion, depreciation, and amortization 1,737,226 1,070,967 4,488,759 3,840,023
Impairment of proved property 0 0 0 24,792,079
Impairment of Well Lift Inc. - related assets 0 146,051 0 146,051
General and administrative expenses [1] 1,515,257 1,831,614 5,278,411 4,956,011
Total operating costs 15,336,152 6,655,143 41,146,980 42,744,012
Income (loss) from operations 10,352,952 980,605 25,759,495 (23,744,736)
Other income and expenses        
Net (loss) gain on derivative contracts (2,591,465) 0 (2,591,465) (614,645)
Interest and other income 2,212 9,223 11,982 34,866
Interest expense (170,332) (18,686) (271,874) (60,340)
Income (loss) before income taxes 7,593,367 971,142 22,908,138 (24,384,855)
Income tax provision (benefit) 1,887,556 (219,859) 5,151,754 (5,730,701)
Net income (loss) attributable to common stockholders $ 5,705,811 $ 1,191,001 $ 17,756,384 $ (18,654,154)
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.17 $ 0.04 $ 0.53 $ (0.57)
Diluted (in dollars per share) $ 0.17 $ 0.04 $ 0.52 $ (0.57)
Weighted average number of common shares outstanding        
Basic (in shares) 33,009,156 32,817,999 32,933,016 32,743,070
Diluted (in shares) 33,388,045 32,891,380 33,257,729 32,743,070
Crude oil        
Revenues        
Total revenues $ 14,868,519 $ 7,076,965 $ 34,309,127 $ 17,918,909
Natural gas        
Revenues        
Total revenues 6,070,866 141 20,698,653 499
Natural gas liquids        
Revenues        
Total revenues 4,749,719 558,642 11,898,695 1,079,868
Lease operating costs        
Operating costs        
Lease operating costs $ 12,083,669 $ 3,606,511 $ 31,379,810 $ 9,009,848
[1] General and administrative expenses for the three months ended March 31, 2022 and 2021 included non-cash stock-based compensation expenses of $340,440 and $320,236, respectively. For the nine months ended March 31, 2022 and 2021, non-cash stock-based compensation expenses were $867,943 and $938,093, respectively.