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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues from contracts with customers:        
Total revenue $ 7,307,818 $ 6,500,136 $ 15,294,561 $ 15,856,412
Operating costs and expenses:        
Lease operating expenses 1,649,867 1,440,521 3,418,329 2,844,800
Gathering system operating expenses 649,967 570,934 1,202,537 1,222,275
Depletion, depreciation, amortization, and accretion 2,048,403 1,615,728 4,428,829 3,388,734
Loss on sale of oil and gas properties 0 1,449,871 0 1,449,871
Impairment expense 0 0 0 0
General and administrative expenses:        
Stock based compensation expense 313,589 179,748 635,158 359,496
Other general and administrative expenses 1,478,215 1,596,626 3,037,238 3,620,399
Total operating costs and expenses 6,140,041 6,853,428 12,722,091 12,885,575
Operating income (loss) 1,167,777 (353,292) 2,572,470 2,970,837
Other income (expense):        
Interest income 108,943 433,201 375,215 923,963
Interest expense (8,759) (34,422) (17,519) (62,859)
(Loss) gain on derivative contracts (94,891) 628,178 (195,617) 1,696,838
Other income, net 101,606 3,066 101,073 4,701
Other income, net 106,899 1,030,023 263,152 2,562,643
Net income before income tax expense 1,274,676 676,731 2,835,622 5,533,480
Income tax expense 459,016 246,142 513,066 1,573,064
NET INCOME 815,660 430,589 2,322,556 3,960,416
Currency translation adjustments 22,229 1,129 22,593 (1,471)
Unrealized gain (loss) on securities 3,011 (47,006) (1,598) (47,006)
NET COMPREHENSIVE INCOME $ 840,900 $ 384,712 $ 2,343,551 $ 3,911,939
Net income per share, basic (in dollars per share) $ 0.04 $ 0.02 $ 0.11 $ 0.17
Net income per share, diluted (in dollars per share) $ 0.04 $ 0.02 $ 0.11 $ 0.17
Weighted average number of shares outstanding, basic (in shares) 21,921,752 22,749,322 21,957,980 22,869,440
Weighted average number of shares outstanding, diluted (in shares) 22,029,475 22,783,987 21,987,142 22,904,922
Gas, oil, NGL and condensate revenue        
Revenues from contracts with customers:        
Total revenue $ 5,863,370 $ 4,298,072 $ 11,914,415 $ 11,267,653
Gathering and Compression fees        
Revenues from contracts with customers:        
Total revenue $ 1,444,448 $ 2,202,064 $ 3,380,146 $ 4,588,759