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Property (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
The capitalized costs of oil and natural gas properties as of December 31, 2023 and 2022 are as follows: | The capitalized costs of oil and natural gas properties as of December 31, 2023 and 2022 are as follows:
|  | 2023 |  |  | 2022 |
Proved Properties |  | $ | 75,346,623 |  |  | $ | 52,831,131 |
Unproved Properties |  |  | 3,245,431 |  |  |  | 2,865,556 |
Work in process |  |  | 14,917,749 |  |  |  | 8,289,652 |
Gross capitalized costs |  |  | 93,509,803 |  |  |  | 63,986,339 |
Depreciation, Depletion, Amortization and Impairment |  |  | (22,996,805 | ) |  |  | (20,116,696 | )
Total Oil and Gas Properties, Net |  | $ | 70,512,998 |  |  | $ | 43,869,643 |
The capitalized costs of other property and equipment as of December 31, 2023 and 2022 are as follows: | Other property and equipment consists of operating lease assets, vehicles, office furniture, and equipment with lives ranging from three to five years. The capitalized costs of other property and equipment as of December 31, 2023 and 2022 are as follows:
|  | 2023 |  |  | 2022 |
Other property and equipment, at cost |  | $ | 2,998,018 |  |  |  | 1,878,325 |
Less: accumulated depreciation |  |  | (1,114,807 | ) |  |  | (436,796 | )
Oher property and equipment, net |  | $ | 1,883,211 |  |  | $ | 1,441,529 |

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- Definition Tabular disclosure of oil and gas present activities. Includes, but is not limited to, number of wells in process of drilling, waterfloods in process of installation, and pressure maintenance operation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1206 -Publisher SEC + Details
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- References No definition available. + Details
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