v3.26.1
Commodity Risk Management Activities (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of derivatives

Fair Value of Derivative 
Assets

  ​ ​ ​

December 31, 

  ​ ​ ​

December 31, 

2025

2024

Current

 

  ​

 

  ​

NYMEX Henry Hub (LD) Options Call

 

$

$

151,274

NYMEX Henry Hub (LD) Options Put

 

709,792

NYMEX Henry Hub (LD) Swaps

683,222

195,211

NYMEX WTI CMA Options Put

313,499

NYMEX WTI CMA Swaps

1,398,169

56,547

Long-term

 

 

NYMEX Henry Hub (LD) Options Put

647,795

NYMEX Henry Hub (LD) Swaps

28,058

NYMEX WTI CMA Options Put

 

900,856

NYMEX WTI CMA Swaps

 

719,912

 

$

5,401,303

$

403,032

Fair Value of Derivative
 Liabilities

  ​ ​ ​

December 31, 

  ​ ​ ​

December 31, 

2025

2024

Current

 

  ​

 

  ​

NYMEX Henry Hub (LD) Options Call

 

$

(295,384)

$

(448,852)

NYMEX Henry Hub (LD) Swaps

(51,081)

(441,728)

NYMEX WTI CMA Options Call

(63,877)

Long-term

NYMEX Henry Hub (LD) Options Call

(654,616)

NYMEX Henry Hub (LD) Swaps

 

(68,457)

NYMEX WTI CMA Options Call

(418,612)

 

$

(1,552,027)

$

(890,580)

Net Fair Value of Derivatives

 

$

3,849,276

$

(487,548)

Net Current

$

2,694,340

$

(487,548)

Net Long-Term

 

$

1,154,936

$

Schedule of fair value of derivatives rollforward

Year ended December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

Fair value of asset (liability), beginning of the period

$

(487,548)

$

1,100,255

Gain on derivative contracts included in earnings

 

5,500,486

 

(391,147)

Settlement of commodity derivative contracts

 

(1,163,662)

 

(1,196,656)

Fair value of asset, end of the period

$

3,849,276

$

(487,548)

Schedule of fair value of derivative assets, subject to master netting arrangements

December 31, 2025

  ​ ​ ​

December 31, 2024

Gross Fair

Amounts

Net Fair

Gross Fair

Amounts

Net Fair

  ​ ​ ​

Value

  ​ ​ ​

Netted

  ​ ​ ​

Value

  ​ ​ ​

Value

  ​ ​ ​

Netted

  ​ ​ ​

Value

Derivative Assets

Fair value of derivatives

 

$

5,401,303

$

(1,552,027)

$

3,849,276

 

$

403,032

$

(403,032)

$

-

Derivative Liabilities

 

Fair value of derivatives

 

$

(1,552,027)

$

1,552,027

$

-

 

$

(890,580)

$

403,032

$

(487,548)