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Property (Tables)

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Schedule of aggregate capitalized costs oil and natural gas properties

Aggregate capitalized costs of oil and natural gas properties are as follows:

	September 30, 2023			December 31, 2022
Proved properties	$	69,756,380		$	52,831,131
Unproved properties		3,158,299			2,865,556
Work in process		1,706,199			8,289,652
Gross capitalized costs		74,620,878			63,986,339

Depreciation, depletion, amortization and impairment		(22,014,050	)		(20,116,696	)
Total oil and gas properties, net	$	52,606,828		$	/43,869,643

Schedule of other property plant and equipment

	September 30, 2023			December 31, 2022
Other property and equipment, at cost	$	2,795,308		$	1,878,325
Less: Accumulated depreciation		(927,397	)		(436,796	)
Other property and equipment, net	$	1,867,911		$	1,441,529

- Definition

Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period.

+ References + Details