Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2024

Oil and Gas Property, Successful Effort Method, Gross [Abstract]

Schedule of property and equipment

The following table summarizes the Company’s property and equipment as of March 31, 2024 and December 31, 2023:

	March 31,		December 31,
	2024		2023
Property and equipment:
Oil and gas properties, successful efforts method
Proved properties	$	180,452,860	$	160,263,511
Unproved properties		28,593,071		25,504,873
Accumulated depletion, depreciation, amortization and impairment		(115,782,946)		(113,708,210)
Total oil and gas properties, net		93,262,985		72,060,174
Gathering system		42,757,299		42,738,273
Accumulated depletion, depreciation, amortization and impairment		(35,788,907)		(35,539,996)
Total gathering system, net		6,968,392		7,198,277
Land		637,764		637,764
Buildings and other property and equipment, net		287,524		291,807
Total property and equipment, net	$	101,156,665	$	80,188,022