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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating revenues:    
Total operating revenues $ 2,449,973 $ 1,264,198
Operating expenses:    
Production 435,028 276,987
Accretion of asset retirement obligations 7,519 7,058
Depreciation, depletion and amortization 387,128 264,320
General and administrative 318,530 308,167
Total operating expenses 1,148,205 856,532
Operating income 1,301,768 407,666
Other income (expense):    
Interest income 35 59
Interest expense (3,131) (12,719)
Net other expense (3,096) (12,660)
Income before provision for income taxes 1,298,672 395,006
Income tax
Net income $ 1,298,672 $ 395,006
Income per common share:    
Basic: $ 0.60 $ 0.19
Diluted: $ 0.59 $ 0.19
Weighted average common shares outstanding:    
Basic: 2,149,416 2,076,756
Diluted: 2,216,742 2,119,955
Oil Sales [Member]    
Operating revenues:    
Total operating revenues $ 1,559,321 $ 987,103
Natural Gas Sales [Member]    
Operating revenues:    
Total operating revenues 856,792 268,462
Other [Member]    
Operating revenues:    
Total operating revenues $ 33,860 $ 8,633