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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Oil Sales $ 9,492,127 $ 11,501,521 $ 27,578,453 $ 35,247,309
Gas Sales 411,217 1,526,148 1,315,938 3,731,946
Natural Gas Liquids Sales 411,624 945,317 1,278,759 3,201,947
Total Product Revenues 10,314,968 13,972,986 30,173,150 42,181,202
Other 17,050 22,921 54,775 71,877
Net Gain (Loss) on Derivatives (1,185,921) 42,474 (1,319,401) (93,740)
Total Revenue 9,146,097 14,038,381 28,908,524 42,159,339
Costs and Expenses:        
Lease Operating Expense (Including Workovers) 7,050,054 7,751,755 20,669,217 16,981,057
Production and Ad Valorem Taxes 792,241 1,112,246 2,271,630 3,151,325
Depletion, Depreciation & Amortization 727,943 539,543 2,061,474 1,429,788
Accretion of Asset Retirement Obligation 470,505 342,619 1,277,141 1,009,107
General and Administrative Expense:        
General and Administrative Expense 2,580,464 2,040,418 7,497,947 6,915,068
Stock-Based Compensation 158,792 809,641 2,289,237 1,672,823
Total General and Administrative Expense 2,739,256 2,850,059 9,787,184 8,587,891
Total Costs and Expenses 11,779,999 12,596,222 36,066,646 31,159,168
Operating Income (Loss) (2,633,902) 1,442,159 (7,158,122) 11,000,171
Other Income and (Expense):        
Interest Expense (249,796) (125,330) (671,982) (347,763)
Other Income (Expense) 1,350 (1,100,888) 23,256 (1,278,760)
Income (Loss) Before Income Taxes (2,882,348) 215,941 (7,806,848) 9,373,648
Income Tax (Provision) Benefit 134,720 134,720
Net Income (Loss) $ (2,747,628) $ 215,941 $ (7,672,128) $ 9,373,648
Net Income  (Loss) per Common Share:        
Basic $ (0.12) $ 0.01 $ (0.34) $ 0.45
Diluted $ (0.12) $ 0.01 $ (0.34) $ 0.41
Weighted Average Number of Common Shares Outstanding:        
Basic 22,727,639 21,651,383 22,320,207 20,654,294
Dilsuted 22,727,639 24,065,485 22,320,207 22,778,836