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Commodity Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2023
Investments, All Other Investments [Abstract]  
Schedule of commodity derivative instruments

 

   Three Months Ended September 30,   Nine Months Ended September 30, 
   2023   2022   2023   2022 
Losses on Derivatives:                    
Oil derivatives  $(1,185,921)  $42,474   $(1,319,401)  $(93,740)
Schedule of net cash payment related derivatives

   Three Months Ended September 30,   Nine Months Ended September 30, 
   2023   2022   2023   2022 
                     
Oil derivatives  $(45,855)  $(83,832)  $(87,042)  $(244,723)
Schedule of outstanding derivative contracts

   4th Quarter 2023   1st Quarter 2024   2nd Quarter 2024   3rd Quarter 2024   4th Quarter 2024 
                     
WTI Fixed-Price Swaps:                         
Quarterly volume (MBbls)   38.50    38.00    30.00    30.00    30.00 
Weighted-average fixed price (Bbl)  $78.60   $74.01   $72.15   $77.02   $75.57 
                          
WTI Index Put Options:                         
Quarterly volume (MBbls)   41.00                     
Floor price (Bbl)   $40.00-$50.00