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Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2024

Oil and Gas Property, Successful Effort Method, Gross [Abstract]

Schedule of property and equipment

The following table summarizes the Company’s property and equipment as of June 30, 2024 and December 31, 2023:


		June 30,			December 31,
		2024			2023
Property and equipment:
Oil and gas properties, successful efforts method
Proved properties		$	185,238,373		$	160,263,511
Unproved properties			28,498,028			25,504,873
Accumulated depletion, depreciation, amortization and impairment			(117,604,188)			(113,708,210)
Total oil and gas properties, net			96,132,213			72,060,174
Gathering system			42,854,372			42,738,273
Accumulated depletion, depreciation, amortization and impairment			(35,957,863)			(35,539,996)
Total gathering system, net			6,896,509			7,198,277
Land			637,764			637,764
Buildings and other property and equipment, net			281,444			291,807
Total property and equipment, net		$	103,947,930		$	80,188,022

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.

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