v3.25.2
Oil and Natural Gas Costs (Tables)
12 Months Ended
Mar. 31, 2025
Extractive Industries [Abstract]  
Schedule of Cost Related to Oil and Gas Activities

The costs related to the Company’s oil and natural gas activities were incurred as follows for the years ended March 31:

 

   2025   2024 
Property acquisition costs:          
Proved  $1,984,243   $1,826,266 
Unproved   -    - 
Exploration   31,934    153,039 
Development   1,417,163    1,363,529 
Capitalized asset retirement obligations   5,231    7,617 
Total costs incurred for oil and gas properties  $3,438,571   $3,350,451 
Schedule of Aggregate Capitalized Costs Relating Oil and Gas Property Activities

The Company had the following aggregate capitalized costs relating to its oil and gas property activities at March 31:

 

   2025   2024 
Proved oil and gas properties  $51,611,782   $48,304,585 
Unproved oil and gas properties:          
subject to amortization   -    - 
not subject to amortization   -    - 
Oil and gas properties, gross  $51,611,782   $48,304,585 
Less accumulated DD&A   36,517,279    34,066,282 
Total oil and gas properties  $15,094,503   $14,238,303