v3.26.1
Operating Segments - Segments (Details)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
segment
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Operating Segments          
Number of Reportable Segments | segment     2    
Operating revenue          
Total revenue $ 18,261,656 $ 11,624,733 $ 43,857,443 $ 27,787,873  
Operating costs          
Gain on sale of oil and gas properties (4,174,368) 0 (4,174,368) 0  
Impairment expense 0 2,670,000 0 2,676,669  
Depletion, depreciation, amortization and accretion 2,804,107 3,201,654 5,806,446 6,677,511  
Stock based compensation expense 547,527 385,838 1,095,054 771,676  
Transaction costs (202,532)   (273,952)    
Operating income (loss) 8,378,376 828,783 19,184,976 7,996,592  
Other income (expense):          
Interest income 24,785 17,247 70,327 32,546  
Interest expense (877,267) (19,906) (1,818,848) (32,117)  
Gain on derivative contracts 2,245,470 2,573,863 (6,684,358) 1,111,693  
Other income (208,658) (10,839) (192,230) (33,338)  
Net income (loss) before income tax expense 9,562,706 3,389,148 10,559,867 9,075,376  
Assets 236,443,721 123,613,668 236,443,721 123,613,668 $ 228,239,417
Current assets, net 33,798,287 16,533,328 33,798,287 16,533,328 32,583,778
Fair value of derivatives, long term 33,114   33,114   1,154,936
Other property and equipment 5,268,203 883,319 5,268,203 883,319  
Operating lease right-of-use asset 371,181 295,317 371,181 295,317 488,949
Deferred financing costs 673,754   673,754   774,347
Restricted cash 553,000 470,000 553,000 470,000 553,000
Operating Segments          
Operating revenue          
Total revenue 18,630,675 12,132,098 44,664,964 28,852,096  
Operating costs          
Gathering, transportation, and compression 2,354,275 1,522,390 5,100,696 3,978,175  
Other lease operating expense 3,975,918 940,395 8,424,810 1,240,508  
Gathering system operating expenses 508,475 613,795 1,102,921 1,166,446  
Intersegment other lease operating expense 369,019 507,365 807,521 1,064,223  
Gain on sale of oil and gas properties (4,174,368)   (4,174,368)    
Impairment expense   2,670,000      
Depletion, depreciation, amortization and accretion 2,804,107 3,201,654 5,806,446 6,677,511  
Salary expense (2,667,754) (1,079,670) (4,967,377) (1,789,792)  
Stock based compensation expense (547,527) (385,838) (1,095,054) (771,676)  
Other general and administrative (997,060) (382,208) (2,075,579) (1,490,504)  
Operating income (loss) 12,424,230 2,169,134 26,789,417 10,984,341  
Other income (expense):          
Capital expenditures 8,483,616 3,627,029 13,368,892 11,371,071  
Assets 195,746,182 105,431,704 195,746,182 105,431,704  
Intersegment Elimination          
Operating revenue          
Total revenue     (807,521) (1,064,223)  
Intersegment revenue (369,019) (507,365)      
Operating costs          
Intersegment other lease operating expense 369,019 507,365 807,521 1,064,223  
Natural Gas          
Operating revenue          
Total revenue 3,767,497 6,910,344 17,170,019 17,523,917  
Natural Gas | Operating Segments          
Operating revenue          
Total revenue 3,767,497 6,910,344 17,170,019 17,523,917  
Natural Gas Liquids          
Operating revenue          
Total revenue 1,386,889 145,020 2,460,190 532,270  
Natural Gas Liquids | Operating Segments          
Operating revenue          
Total revenue 1,386,889 145,020 2,460,190 532,270  
Oil and Condensate          
Operating revenue          
Total revenue 11,770,530 2,724,364 21,232,717 5,994,331  
Oil and Condensate | Operating Segments          
Operating revenue          
Total revenue 11,770,530 2,724,364 21,232,717 5,994,331  
Gathering and Compression fees          
Operating revenue          
Total revenue 1,336,740 1,845,005 2,994,517 3,737,355  
Gathering and Compression fees | Operating Segments          
Operating revenue          
Total revenue 1,336,740 1,845,005 2,994,517 3,737,355  
Intersegment revenue 369,019 507,365 807,521 1,064,223  
Canada          
Operating costs          
Impairment expense         $ 3,200,000
Upstream          
Operating costs          
Impairment expense       2,676,669  
Upstream | Operating Segments          
Operating revenue          
Total revenue 16,924,916 9,779,728 40,862,926 24,050,518  
Operating costs          
Gathering, transportation, and compression 2,354,275 1,522,390 5,100,696 3,978,175  
Other lease operating expense 3,975,918 940,395 8,424,810 1,240,508  
Gathering system operating expenses 0 0 0 0  
Intersegment other lease operating expense 369,019 507,365 807,521 1,064,223  
Gain on sale of oil and gas properties (4,174,368)   (4,174,368)    
Impairment expense   2,670,000      
Depletion, depreciation, amortization and accretion 2,633,029 2,872,103 5,424,422 6,065,544  
Operating income (loss) 11,767,043 1,267,475 25,279,845 9,025,399  
Other income (expense):          
Capital expenditures 8,648,197 3,502,977 13,480,492 11,142,744  
Assets 190,167,069 99,073,244 190,167,069 99,073,244  
Upstream | Natural Gas | Operating Segments          
Operating revenue          
Total revenue 3,767,497 6,910,344 17,170,019 17,523,917  
Upstream | Natural Gas Liquids | Operating Segments          
Operating revenue          
Total revenue 1,386,889 145,020 2,460,190 532,270  
Upstream | Oil and Condensate | Operating Segments          
Operating revenue          
Total revenue 11,770,530 2,724,364 21,232,717 5,994,331  
Upstream | Gathering and Compression fees | Operating Segments          
Operating revenue          
Total revenue 0 0 0 0  
Intersegment revenue 0 0 0 0  
Upstream | Canada | Operating Segments          
Operating revenue          
Total revenue 200,000 500,000 300,000 600,000  
Other income (expense):          
Assets 7,000,000 7,900,000 $ 7,000,000 7,900,000  
Gas Gathering | Operating Segments          
Operating Segments          
Number of companies partnered to operate natural gas gathering system | segment     2    
Operating revenue          
Total revenue 1,705,759 2,352,370 $ 3,802,038 4,801,578  
Operating costs          
Gathering, transportation, and compression 0 0 0 0  
Other lease operating expense 0 0 0 0  
Gathering system operating expenses 508,475 613,795 1,102,921 1,166,446  
Intersegment other lease operating expense 0 0 0 0  
Impairment expense   0      
Depletion, depreciation, amortization and accretion 171,078 329,551 382,024 611,967  
Operating income (loss) 1,026,206 1,409,024 2,317,093 3,023,165  
Other income (expense):          
Capital expenditures (164,581) 124,052 (111,600) 228,327  
Assets 5,579,113 6,358,460 5,579,113 6,358,460  
Gas Gathering | Natural Gas | Operating Segments          
Operating revenue          
Total revenue 0 0 0 0  
Gas Gathering | Natural Gas Liquids | Operating Segments          
Operating revenue          
Total revenue 0 0 0 0  
Gas Gathering | Oil and Condensate | Operating Segments          
Operating revenue          
Total revenue 0 0 0 0  
Gas Gathering | Gathering and Compression fees | Operating Segments          
Operating revenue          
Total revenue 1,336,740 1,845,005 2,994,517 3,737,355  
Intersegment revenue $ 369,019 $ 507,365 $ 807,521 $ 1,064,223