v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenue $ 7,186,828 $ 6,402,017 $ 13,224,797 $ 14,279,170
Operating costs and expenses        
Production expenses 3,327,712 3,271,318 6,876,462 7,145,603
Production taxes 517,373 470,285 893,775 1,028,732
General and administrative expenses 468,893 533,466 1,110,113 1,176,666
Depreciation, depletion, amortization and accretion 2,697,873 4,350,181 5,425,575 8,126,382
Total operating costs and expenses 7,011,851 8,625,250 14,305,925 17,477,383
Operating income (loss) 174,977 (2,223,233) (1,081,128) (3,198,213)
Gain on derivatives, net 406,472 0 406,472 0
Interest expense, net (124,393) (122,119) (249,380) (237,733)
Total other expense, net 282,079 (122,119) 157,092 (237,733)
Net income (loss) $ 457,056 $ (2,345,352) $ (924,036) $ (3,435,946)
Basic and diluted net income (loss) per common unit (in dollars per share) $ 0.04 $ (0.21) $ (0.08) $ (0.31)
Weighted average common units outstanding - basic and diluted (in shares) 11,031,579 11,031,579 11,031,579 11,031,579
Oil [Member]        
Revenues        
Total revenue $ 6,000,603 $ 5,240,542 $ 10,460,398 $ 11,563,315
Natural Gas [Member]        
Revenues        
Total revenue 336,328 494,493 1,470,386 1,277,903
Natural Gas Liquids (NGL) [Member]        
Revenues        
Total revenue $ 849,897 $ 666,982 $ 1,294,013 $ 1,437,952