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Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2024

Revenues [Abstract]

Summary of revenue

The following table details revenue for the three and six months ended June 30, 2024 and 2023.

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​

Three months ended June 30,

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Six Months Ended June 30,

​

​

2024

2023

2024

2023

Operating revenue

​

​

​

​

​

​

​

​

​

​

​

​

Natural gas

​

$

1,961,230

​

$

3,006,695

​

$

4,924,209

​

$

9,262,873

Natural gas liquids

​

​

388,423

​

​

244,988

​

​

761,407

​

​

441,283

Oil and condensate

​

​

3,513,717

​

​

1,046,389

​

​

6,228,799

​

​

1,563,497

Gathering and compression fees (1)

​

​

1,444,448

​

​

2,202,064

​

​

3,380,146

​

​

4,588,759

Total operating revenue

​

$

7,307,818

​

$

6,500,136

​

$

15,294,561

​

$

15,856,412

(1) Net of the elimination entry

Schedule of accounts receivable net of allowance for doubtful accounts

The following table details accounts receivable as of June 30, 2024, December 31, 2023, and December 31, 2022.

​	​	​	​	​	​	​	​	​	​
​		June 30,			December 31,			December 31,
​	​	2024		​	2023		​	2022
Accounts receivable	​	​	​	​	​	​	​	​	​
Natural gas and oil sales	​	$	3,696,916	​	$	4,327,886	​	$	5,696,419
Joint interest billing	​	​	14,349	​	​	17,476	​	​	20,454
Gathering and compression fees	​	​	1,093,822	​	​	1,543,239	​	​	1,483,956
Commodity contract	​	​	139,577	​	​	72,075	​	​	—
Interest	​	​	—	​	​	54,772	​	​	557
Total accounts receivable	​	$	4,944,664	​	$	6,015,448	​	$	7,201,386

X

- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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- References

No definition available.

+ Details

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