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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Oil Sales $ 9,147,611 $ 13,329,366 $ 18,086,326 $ 23,745,788
Gas Sales 248,686 1,321,896 904,721 2,205,798
Natural Gas Liquids Sales 362,181 1,041,136 867,135 2,256,630
Total Product Revenues 9,758,478 15,692,398 19,858,182 28,208,216
Other 18,361 24,913 37,725 48,956
Loss on Derivatives (66,657) (23,893) (133,480) (136,214)
Total Revenue 9,710,182 15,693,418 19,762,427 28,120,958
Costs and Expenses:        
Lease Operating Expense (Including Workovers) 7,099,000 4,656,901 13,619,163 9,229,302
Production and Ad Valorem Taxes 721,275 1,137,841 1,479,389 2,039,079
Depletion, Depreciation & Amortization 711,042 455,799 1,333,531 890,245
Accretion of Asset Retirement Obligation 405,361 336,488 806,636 666,488
General and Administrative Expense:        
General and Administrative Expense 1,894,204 2,795,548 4,917,483 4,874,650
Stock-Based Compensation 1,180,806 486,904 2,130,445 863,182
Total General and Administrative Expense 3,075,010 3,282,452 7,047,928 5,737,832
Total Costs and Expenses 12,011,688 9,869,481 24,286,647 18,562,946
Operating Income (Loss) (2,301,506) 5,823,937 (4,524,220) 9,558,012
Other Income and (Expense):        
Interest Expense (184,887) (111,785) (422,186) (222,433)
Other Income (Expense) 21,484 (177,872) 21,906 (177,872)
Income (Loss) Before Income Taxes (2,464,909) 5,534,280 (4,924,500) 9,157,707
Income Tax (Provision) Benefit
Net Income (Loss) $ (2,464,909) $ 5,534,280 $ (4,924,500) $ 9,157,707
Net Income  (Loss) per Common Share:        
Basic $ (0.11) $ 0.27 $ (0.22) $ 0.45
Diluted $ (0.11) $ 0.24 $ (0.22) $ 0.41
Weighted Average Number of Common Shares Outstanding:        
Basic 22,105,704 20,424,970 22,101,264 20,145,955
Diluted 22,105,704 23,294,723 22,101,264 22,233,826