v3.25.2
Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Oil $ 13,732,158 $ 15,064,068 $ 30,614,673 $ 30,622,565
Natural gas 989,832 369,535 2,681,702 1,210,940
Natural gas liquids 1,821,422 1,552,672 4,106,968 3,554,431
Total revenue 16,543,412 16,986,275 37,403,343 35,387,936
Operating costs and expenses        
Production expenses 6,069,324 4,960,463 12,014,097 10,118,607
Production taxes 1,087,999 1,371,927 2,578,549 2,766,927
General and administrative expenses 305,068 202,547 827,751 684,342
Depreciation, depletion, amortization and accretion 7,194,457 5,413,886 14,447,032 11,459,480
Total operating costs and expenses 14,656,848 11,948,823 29,867,429 25,029,356
Operating income 1,886,564 5,037,452 7,535,914 10,358,580
Interest expense, net (27,735) (27,735) (95,158) (78,227)
Total interest expense, net (27,735) (27,735) (95,158) (78,227)
Net income $ 1,858,829 $ 5,009,717 $ 7,440,756 $ 10,280,353
Basic and diluted net income per common unit (in Dollars per share) $ 0.1 $ 0.26 $ 0.39 $ 0.54
Weighted average common units outstanding - basic and diluted (in Shares) 18,973,474 18,973,474 18,973,474 18,973,474