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OIL AND NATURAL GAS PRODUCING ACTIVITIES (Tables)
 12 Months Ended
Dec. 31, 2022
Oil and Gas Exploration and Production Industries Disclosures [Abstract]  
Schedule of Capitalized Costs Relating to Oil and Natural Gas Producing Activities
As of December 31,20222021
Oil and natural gas properties, full cost method$1,463,838,595 $883,844,745 
Financing lease asset subject to depreciation3,019,476 1,422,487 
Fixed assets subject to depreciation3,147,125 2,089,722 
Total Properties and Equipment1,470,005,196 887,356,954 
Accumulated depletion, depreciation and amortization(289,935,259)(235,997,307)
Net Properties and Equipment$1,180,069,937 $651,359,647 
Schedule of Net Costs Incurred in Oil and Gas Producing Activities
Net Costs Incurred in Oil and Gas Producing Activities
For the years Ended December 31,20222021
Payments for the Stronghold Acquisition$177,823,787 $— 
Payments to purchase oil and natural gas properties1,563,703 1,368,437 
Proceeds from divestiture of oil and natural gas properties(23,700)(2,000,000)
Payments to develop oil and natural gas properties129,332,155 51,302,131 
Payments to acquire or improve fixed assets subject to depreciation319,945 568,832 
Sale of fixed assets subject to depreciation$(134,600)$— 
Total Net Costs Incurred$308,881,290 $51,239,400