FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2024

FAIR VALUE MEASUREMENTS

Schedule of assets and liabilities measured at fair value on a recurring basis

	Fair Value Measurements Using
	Level 1		Level 2		Level 3		Effect of Counterparty Netting		Total
September 30, 2024
Assets
Commodity derivative contracts	$	—	$	8,581,598	$	—	$	—	$	8,581,598
Liabilities
Commodity derivative contracts	$	—	$	(2,295)	$	—	$	—	$	(2,295)
December 31, 2023
Assets
Commodity derivative contracts	$	—	$	14,315,786	$	—	$	—	$	14,315,786
Liabilities
Commodity derivative contracts	$	—	$	(268,804)	$	—	$	—	$	(268,804)