Consolidated Statements of Operations - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Revenues | ||||
Oil | $ 5,240,542 | $ 8,152,941 | $ 11,563,315 | $ 15,346,456 |
Natural gas | 494,493 | 203,219 | 1,277,903 | 756,904 |
Natural gas liquids | 666,982 | 729,489 | 1,437,952 | 1,665,049 |
Total revenue | 6,402,017 | 9,085,649 | 14,279,170 | 17,768,409 |
Operating costs and expenses | ||||
Production expenses | 3,271,318 | 4,769,531 | 7,145,603 | 9,085,958 |
Production taxes | 470,285 | 873,381 | 1,028,732 | 1,545,922 |
General and administrative expenses | 533,466 | 479,000 | 1,176,666 | 1,176,686 |
Depreciation, depletion, amortization and accretion | 4,350,181 | 4,350,248 | 8,126,382 | 8,464,510 |
Total operating costs and expenses | 8,625,250 | 10,472,160 | 17,477,383 | 20,273,076 |
Operating loss | (2,223,233) | (1,386,511) | (3,198,213) | (2,504,667) |
Interest expense, net | (122,119) | (41,053) | (237,733) | (36,364) |
Total other expense, net | (122,119) | (41,053) | (237,733) | (36,364) |
Net loss | $ (2,345,352) | $ (1,427,564) | $ (3,435,946) | $ (2,541,031) |
Basic and diluted net loss per common unit (in Dollars per share) | $ (0.21) | $ (0.13) | $ (0.31) | $ (0.23) |
Weighted average common units outstanding - basic and diluted (in Shares) | 11,031,579 | 11,031,579 | 11,031,579 | 11,031,579 |
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- Definition Revenue from the sale of natural gas liquids during the period. No definition available.
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- Definition Revenue from the sale of natural gas during the period. No definition available.
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- Definition Revenue from the sale of oil during the period. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of net income or loss for the period per each limited partnership and general partnership unit in instances when basic and diluted earnings per unit are the same amount and aggregated on the face of the financial statements. Basic earnings per unit is the amount of net income or loss for the period per unit outstanding during the reporting period. Diluted earnings per unit includes the amount of net income or loss for the period available to each limited and general partnership unit outstanding during the reporting period and to each unit that would have been outstanding assuming the issuance of units for all dilutive potential units outstanding during the reporting period. No definition available.
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A tax assessed on oil and gas production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The average number of limited partnership and general partnership units issued and outstanding that are used in calculating basic and diluted earnings per limited partnership and general partnership unit. No definition available.
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