v3.26.1
SEGMENT REPORTING - Schedule of Reconciliation of Total Reportable Segments' Measures of Profit/Loss (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Segment Reporting [Line Items]          
Oil, Natural Gas, and Natural Gas Liquids Revenues $ 104,681,489 $ 82,602,759 $ 178,353,153 $ 161,693,966  
Lease operating expenses (18,409,462) (20,245,981) (36,531,806) (39,923,533)  
Gathering, transportation and processing costs (101,902) (133,809) (218,951) (337,421)  
Ad valorem taxes (2,202,160) (1,648,647) (4,404,697) (3,180,755)  
Oil and natural gas production taxes (5,047,619) (3,832,607) (8,601,510) (7,417,062)  
Depreciation, depletion and amortization (20,114,890) (25,569,914) (41,520,838) (48,185,897)  
Ceiling test impairment 0 0 (162,086,257) 0  
Asset retirement obligation accretion (401,944) (382,251) (797,440) (708,800)  
Operating lease expense (175,090) (175,090) (350,181) (350,181)  
General and administrative expense (7,954,230) (7,138,519) (15,393,008) (15,758,495)  
Interest income 148,540 69,658 219,069 159,716  
Interest (expense) (8,379,552) (11,757,404) (16,979,161) (21,256,190)  
Gain (loss) on derivative contracts 23,724,426 14,648,054 (58,506,499) 13,719,264  
Gain (loss) on disposal of assets 104,150 155,293 104,150 279,903  
Other income 9,600 150,770 15,437 159,712  
Income (Loss) Before Benefit from (Provision for) Income Taxes 65,881,356 26,742,312 (166,698,539) 38,894,227  
Total Assets 1,281,557,096 1,516,330,871 1,281,557,096 1,516,330,871 $ 1,411,899,249
Capital expenditures 43,169,155 16,827,513 77,674,665 49,279,044  
Exploration and Production | Exploration and Production          
Segment Reporting [Line Items]          
Oil, Natural Gas, and Natural Gas Liquids Revenues 104,681,489 82,602,759 178,353,153 161,693,966  
Lease operating expenses (18,409,462) (20,245,981) (36,531,806) (39,923,533)  
Gathering, transportation and processing costs (101,902) (133,809) (218,951) (337,421)  
Ad valorem taxes (2,202,160) (1,648,647) (4,404,697) (3,180,755)  
Oil and natural gas production taxes (5,047,619) (3,832,607) (8,601,510) (7,417,062)  
Depreciation, depletion and amortization 0 0 0 0  
Ceiling test impairment 0 0 0 0  
Asset retirement obligation accretion 0 0 0 0  
Operating lease expense 0 0 0 0  
General and administrative expense 0 0 0 0  
Interest income 0 0 0 0  
Interest (expense) 0 0 0 0  
Gain (loss) on derivative contracts 0 0 0 0  
Gain (loss) on disposal of assets 0 0 0 0  
Other income 0 0 0 0  
Income (Loss) Before Benefit from (Provision for) Income Taxes 78,920,346 56,741,715 128,596,189 110,835,195  
Total Assets 1,251,132,823 1,479,364,319 1,251,132,823 1,479,364,319  
Capital expenditures 43,169,155 16,827,513 77,674,665 49,279,044  
Corporate          
Segment Reporting [Line Items]          
Oil, Natural Gas, and Natural Gas Liquids Revenues 0 0 0 0  
Lease operating expenses 0 0 0 0  
Gathering, transportation and processing costs 0 0 0 0  
Ad valorem taxes 0 0 0 0  
Oil and natural gas production taxes 0 0 0 0  
Depreciation, depletion and amortization (20,114,890) (25,569,914) (41,520,838) (48,185,897)  
Ceiling test impairment 0 0 (162,086,257) 0  
Asset retirement obligation accretion (401,944) (382,251) (797,440) (708,800)  
Operating lease expense (175,090) (175,090) (350,181) (350,181)  
General and administrative expense (7,954,230) (7,138,519) (15,393,008) (15,758,495)  
Interest income 148,540 69,658 219,069 159,716  
Interest (expense) (8,379,552) (11,757,404) (16,979,161) (21,256,190)  
Gain (loss) on derivative contracts 23,724,426 14,648,054 (58,506,499) 13,719,264  
Gain (loss) on disposal of assets 104,150 155,293 104,150 279,903  
Other income 9,600 150,770 15,437 159,712  
Income (Loss) Before Benefit from (Provision for) Income Taxes (13,038,990) (29,999,403) (295,294,728) (71,940,968)  
Total Assets 30,424,273 36,966,552 30,424,273 36,966,552  
Capital expenditures $ 0 $ 0 $ 0 $ 0