XML 40 R29.htm IDEA: XBRL DOCUMENT v3.25.2
Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2025
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, 2025 and December 31, 2024:

    

June 30, 

    

December 31, 

2025

2024

Property and equipment:

Oil and gas properties, successful efforts method

Proved properties

$

197,197,902

$

191,879,210

Unproved properties

33,496,835

28,364,186

Accumulated depletion, depreciation, amortization and impairment

(131,899,045)

(123,281,395)

Total oil and gas properties, net

98,795,692

96,962,001

Gathering system

43,416,065

43,116,371

Accumulated depletion, depreciation, amortization and impairment

(37,057,605)

(36,449,511)

Total gathering system, net

6,358,460

6,666,860

Land

637,764

637,764

Buildings and other property and equipment, net

245,555

259,335

Total property and equipment, net

$

106,037,471

$

104,525,960