v3.26.3
SEGMENT REPORTING - Schedule of Segment Information (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]        
Revenues $ 20,512,904 $ 11,224,868 $ 40,071,540 $ 15,899,878
Less:        
Cost of revenues 2,936,293 2,155,189 5,954,423 3,295,105
Lease operating expense 2,281,793 654,092 5,424,978 1,748,500
General and administrative 4,017,088 2,071,051 10,295,162 7,185,948
Accretion and remeasurement of asset retirement obligation 54,204 33,318 (497,333) 98,519
EBITDA 11,223,526 6,311,218 18,894,310 3,571,806
Add/(Deduct):        
Share-based compensation 952,241   2,350,943 0
Remeasurement of asset retirement obligation     639,575  
Adjusted EBITDA 12,175,767 6,311,218 20,605,678 3,571,806
Depreciation and depletion (1,810,542) (582,604) (3,870,972) (885,140)
Share-based compensation (952,241)   (2,350,943) 0
Remeasurement of ARO     (639,575)  
Interest and other income 139,079 146,655 427,355 538,291
Income before income taxes 9,552,063 5,875,269 15,450,693 3,224,957
Operating Segments        
Segment Reporting [Line Items]        
Revenues 20,512,904 11,224,868 40,071,540 15,899,878
Less:        
Cost of revenues 2,936,293 2,155,189 5,954,423 3,295,105
Lease operating expense 2,281,793 654,092 5,424,978 1,748,500
General and administrative 1,415,079 1,358,749 4,136,866 3,592,178
Accretion and remeasurement of asset retirement obligation 54,204 33,318 (497,333) 98,519
EBITDA 13,825,535 7,023,520 25,052,606 7,165,576
Add/(Deduct):        
Share-based compensation 0   0  
Remeasurement of asset retirement obligation     639,575  
Adjusted EBITDA 13,825,535 7,023,520 24,413,031 7,165,576
Share-based compensation 0   0  
Remeasurement of ARO     (639,575)  
Corporate costs        
Segment Reporting [Line Items]        
Revenues 0 0 0 0
Less:        
Cost of revenues 0 0 0 0
Lease operating expense 0 0 0 0
General and administrative 2,602,009 712,302 6,158,296 3,593,769
Accretion and remeasurement of asset retirement obligation 0 0 0 0
EBITDA (2,602,009) (712,302) (6,158,296) (3,593,769)
Add/(Deduct):        
Share-based compensation 952,241   2,350,943  
Remeasurement of asset retirement obligation     0  
Adjusted EBITDA (1,649,768) (712,302) (3,807,353) (3,593,769)
Share-based compensation (952,241)   (2,350,943)  
Remeasurement of ARO     0  
Conventional | Operating Segments        
Segment Reporting [Line Items]        
Revenues 19,855,347 10,577,395 38,247,424 13,893,184
Less:        
Cost of revenues 2,026,988 1,348,779 3,824,745 1,348,779
Lease operating expense 2,281,793 654,092 5,424,978 1,748,500
General and administrative 1,054,067 674,287 3,118,409 2,544,156
Accretion and remeasurement of asset retirement obligation 54,204 33,318 (497,333) 98,519
EBITDA 14,438,295 7,866,919 26,376,625 8,153,230
Add/(Deduct):        
Share-based compensation 0   0  
Remeasurement of asset retirement obligation     639,575  
Adjusted EBITDA 14,438,295 7,866,919 25,737,050 8,153,230
Share-based compensation 0   0  
Remeasurement of ARO     (639,575)  
Renewable | Operating Segments        
Segment Reporting [Line Items]        
Revenues 657,557 647,473 1,824,116 2,006,695
Less:        
Cost of revenues 909,305 806,410 2,129,678 1,946,326
Lease operating expense 0 0 0 0
General and administrative 361,012 684,462 1,018,457 1,048,022
Accretion and remeasurement of asset retirement obligation 0 0 0 0
EBITDA (612,760) (843,399) (1,324,019) (987,653)
Add/(Deduct):        
Share-based compensation 0   0  
Remeasurement of asset retirement obligation     0  
Adjusted EBITDA (612,760) $ (843,399) (1,324,019) $ (987,653)
Share-based compensation $ 0   0  
Remeasurement of ARO     $ 0