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Condensed consolidated statements of operations (unaudited) - USD ($)
2 Months Ended 3 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Nov. 14, 2023
Dec. 31, 2022
Revenues          
Gain (loss) on derivative instruments, net     $ 417,034 $ 51,957 $ (4,793,790)
Other revenue     169,743 520,451 255,952
Total revenues     7,759,190 24,238,482 35,403,940
Expenses          
Production taxes, transportation and processing     581,019 2,117,800 3,484,477
Lease operating     2,923,802 8,692,752 8,418,739
Depletion, depreciation and amortization     417,381 1,497,749 1,613,402
Accretion of asset retirement obligations     341,066 848,040 1,575,296
General and administrative     1,271,416 3,700,267 2,953,202
Acquisition costs      
Total expenses     5,534,684 16,856,608 18,045,116
Operating income (loss)     2,224,506 7,381,874 17,358,824
Other Income (expenses)          
Net loss on asset sales and impairment       (816,011)
Change in fair value of warrant liability    
Change in fair value of forward purchase agreement liability    
Amortization of debt discount    
Interest expense     (315,092) (1,834,208) (1,076,060)
Interest income     85,429 313,401
Insurance policy recovery       2,000,000
Other Income (expense)     (85,972) (74,193) 13,238
Total other income (expenses)     (315,635) (2,411,011) 937,178
Income (loss) before income taxes     1,908,871 4,970,863 18,296,002
Income tax provision    
Net income (loss)     1,908,871 4,970,863 18,296,002
Net income (loss) attributable to noncontrolling interests    
Net income (loss) attributable to HNR Acquisition Corp.     $ 1,908,871 $ 4,970,863 $ 18,296,002
Weighted average share outstanding, common stock - basic and diluted (in Shares)    
Net income (loss) per share of common stock – basic and diluted (in Dollars per share)    
Crude oil          
Revenues          
Revenues     $ 6,914,248 $ 22,856,521 $ 37,982,367
Natural gas and natural gas liquids          
Revenues          
Revenues     $ 258,165 $ 809,553 $ 1,959,411
Successor          
Revenues          
Gain (loss) on derivative instruments, net $ 340,808 $ (1,997,247)      
Other revenue 50,738 130,588      
Total revenues 2,975,661 3,283,099      
Expenses          
Production taxes, transportation and processing 226,062 428,280      
Lease operating 1,453,367 3,123,525      
Depletion, depreciation and amortization 352,127 476,074      
Accretion of asset retirement obligations 11,062 33,005      
General and administrative 3,553,117 2,309,824      
Acquisition costs 9,999,860        
Total expenses 15,595,595 6,370,708      
Operating income (loss) (12,619,934) (3,087,609)      
Other Income (expenses)          
Net loss on asset sales and impairment        
Change in fair value of warrant liability 187,704 (624,055)      
Change in fair value of forward purchase agreement liability 3,268,581 (349,189)      
Amortization of debt discount (1,191,553) (813,181)      
Interest expense (1,043,312) (1,860,582)      
Interest income 6,736 15,105      
Insurance policy recovery        
Other Income (expense) 2,937 723      
Total other income (expenses) 1,231,093 (3,631,179)      
Income (loss) before income taxes (11,388,841) (6,718,788)      
Income tax provision 2,387,639 1,431,936      
Net income (loss) (9,001,202) (5,286,852)      
Net income (loss) attributable to noncontrolling interests        
Net income (loss) attributable to HNR Acquisition Corp. $ (9,001,202) $ (5,286,852)      
Weighted average share outstanding, common stock - basic and diluted (in Shares) 5,235,131 5,235,131      
Net income (loss) per share of common stock – basic and diluted (in Dollars per share) $ (1.72) $ (1.01)      
Successor | Crude oil          
Revenues          
Revenues $ 2,513,197 $ 4,971,150      
Successor | Natural gas and natural gas liquids          
Revenues          
Revenues $ 70,918 $ 178,608