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v3.23.2

Debt and Long Term Note Payable - Related Party (Details Narrative) - USD ($) |  | 6 Months Ended
--- | --- | ---
Jul. 07, 2021 | Jun. 30, 2023
Empire Louisiana And Empire North Dakota [Member] |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |
Debt instrument, interest rate terms |  | EBITDAX to interest expense of at least 3:1 and funded debt to EBITDAX of 4:1 on a trailing twelve-month basis.
Revolver Loan Agreement [Member] |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |
Current Maturities |  | $ 2,000,000
Revolver Loan Agreement [Member] | Cross First Bank Loan [Member] |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |
Debt instrument, maturity date range, start | Aug. 09, 2023 |
Revolver commitment amount | $ 5,180,000 |
Reduction in commitment amount per quarter | $ 500,000 |
Debt instrument, interest rate terms | Prime plus 150 basis points |
Interest Rate |  | 9.75%
Long term debt, maturity date | May 26, 2024 |
Joint Development Agreement [Member] | August Six Two Thousand Twenty [Member] | Petroleum And Independent Exploration L L C [Member] |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |
Interest Rate |  | 6.00%
Loan from related party |  | $ 2,000,000
Maturity date |  | Aug. 07, 2024
Description of working and revenue interest |  | As part of the JDA, Empire Texas will assign to PIE a combined 85% working and revenue interest in the Workover Wells. Of the assigned interest, 70% working and revenue interest will be used to repay the obligations under the term loan agreement. Once the term loan is repaid, PIE will reassign a 35% working and revenue interest to Empire Texas in each of the Workover Wells and retain a 50% working and revenue interest.

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