Description of Business and Basis of Presentation (Details Narrative) - USD ($) $ in Millions |
6 Months Ended | ||
|---|---|---|---|
Jun. 30, 2025 |
Dec. 31, 2024 |
Jan. 20, 2021 |
|
| Common stock, shares authorized | 100,000,000 | 100,000,000 | |
| Preferred stock, shares authorized | 10,000,000 | 10,000,000 | |
| Common stock, shares outstanding | 13,586,173 | 13,586,173 | |
| Preferred stock, shares outstanding | 0 | ||
| Description of impact of economic and geopolitical events on the oil and gas sector | Beginning in the second quarter of 2022, crude prices began a steady decline following increases that were largely due to increased post-Covid demand and the buildup and subsequent invasion of Ukraine by Russian forces. Prices began to increase and fall in successive quarters between the third quarter of 2023 and the third quarter of 2024 before stabilizing, and stood at $65.11 as of June 30, 2025. Natural gas prices experienced high volatility in 2022 before collapsing in 2023 and then steadily increasing each quarter thereafter with a modest decrease during the second quarter of 2025, finishing the quarter ended June 30, 2025 at $3.26 per MMBTU. Relative oil price stability has been a significant factor in increased consolidation activity in the Williston Basin region in North Dakota where Morgan E&P, LLC holds its development rights | ||
| Maximum [Member] | |||
| Common stock, shares authorized | 100,000,000 | ||
| Preferred stock, shares authorized | 10,000,000 | ||
| Total enterprise value | $ 75.0 | ||
| Minimum [Member] | |||
| Common stock, shares authorized | 50,000,000 | ||
| Preferred stock, shares authorized | 5,000,000 | ||
| Total enterprise value | $ 5.0 |