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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue:    
Oil Sales $ 44,978,554 $ 22,326,289
Gas Sales 4,534,370 2,288,481
NGL Sales 3,659,451 2,888,747
Total Product Revenues 53,172,375 27,503,517
Other 102,429 174,609
Gain (Loss) on Derivatives (387,930) (586,181)
Total Revenue 52,886,874 27,091,945
Costs and Expenses:    
Lease Operating Expense 23,584,039 13,283,758
Production and Ad Valorem Taxes 3,943,466 2,102,772
Depletion, Depreciation & Amortization 1,949,191 2,502,275
Accretion of Asset Retirement Obligation 1,357,906 1,214,479
Impairment 936,620
General and Administrative 12,331,489 8,462,031
Total Cost and Expenses 44,102,711 27,565,315
Operating Income (Loss) 8,784,163 (473,370)
Other Income and (Expense):    
Other Income (Expense) (981,595) 409,225
Interest Expense (509,540) (8,600,699)
Convertible Debt Modification Inducement Expense (2,276,813)
Loss on Convertible Debt Redemption Option (3,169,201)
Loss on Embedded Conversion Option (4,504,104)
Income (Loss) before Taxes 7,293,028 (18,614,962)
Income Tax Provision (208,898)
Net Income (Loss) $ 7,084,130 $ (18,614,962)
Net Income (Loss) per Common Share:    
Basic $ 0.34 $ (1.27)
Diluted $ 0.30 $ (1.27)
Weighted Average Number of Common Shares Outstanding:    
Basic 21,003,563 14,630,168
Diluted 23,387,646 14,630,168