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 $ 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