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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues from contracts with customers:        
Total revenue $ 7,089,849 $ 6,278,787 $ 15,531,161 $ 12,706,633
Operating costs and expenses:        
Lease operating expenses 1,784,138 2,034,120 3,378,327 4,081,887
Gathering system operating expenses 173,547 79,702 364,494 177,480
Development geological and geophysical expenses 11,451 2,273 22,990 4,902
Depletion, depreciation, amortization, and accretion 1,646,094 2,577,770 3,328,954 4,992,146
Impairment of proved properties 0 0 0 1,760,000
Bad debt expense 0 819,000 0 819,000
General and administrative expenses:        
Stock based compensation expense 236,041 172,052 438,540 345,971
Other general and administrative expenses 2,048,300 1,236,729 3,375,461 2,244,842
Total operating costs and expenses 5,899,571 6,921,646 10,908,766 14,426,228
Operating income (loss) 1,190,278 (642,859) 4,622,395 (1,719,595)
Other income (expense):        
Interest income 8,904 13,041 16,717 34,570
Interest expense (22,345) (28,317) (49,418) (56,323)
Gain (loss) on derivative contracts (1,827,334) (85,348) (1,361,993) 1,635,669
Other income (expense) (279) (3) 1,663 (2,227)
Other income (loss), net (1,841,054) (100,627) (1,393,031) 1,611,689
Net income (loss) before income tax expense (650,776) (743,486) 3,229,364 (107,906)
Income tax expense (benefit) (165,751) (177,452) 978,822 147,829
NET INCOME (LOSS) (485,025) (566,034) 2,250,542 (255,735)
Currency translation adjustments 242 6,132 (1,242) 6,018
NET COMPREHENSIVE INCOME (LOSS) $ (484,783) $ (559,902) $ 2,249,300 $ (249,717)
Net income (loss) per share, basic (in dollars per share) $ (0.02) $ (0.02) $ 0.09 $ (0.01)
Net income (loss) per share, diluted (in dollars per share) $ (0.02) $ (0.02) $ 0.09 $ (0.01)
Weighted average number of shares outstanding, basic (in shares) 23,779,205 26,147,403 23,862,749 26,356,244
Weighted average number of shares outstanding, diluted (in shares) 23,779,205 26,147,403 23,941,340 26,356,244
Gas, oil, NGLs and condensate revenue        
Revenues from contracts with customers:        
Total revenue $ 5,238,754 $ 4,015,047 $ 11,677,909 $ 8,126,191
Gas gathering and compression revenue        
Revenues from contracts with customers:        
Total revenue $ 1,851,095 $ 2,263,740 $ 3,853,252 $ 4,580,442