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Derivatives (Tables)
 3 Months Ended
Mar. 31, 2024
Derivatives [Abstract]  
Schedule of Derivatives The following table sets forth the derivative volumes by period as of March 31, 2024 for the Company:
   Price collars 
Period  Volume
(Bbls/month)		   Weighted
average
floor price
($/Bbl)		   Weighted
average
ceiling price
($/Bbl)		   Weighted
average
sold call
($/Bbl)		 
Q2 2024   9,000   $70.00   $91.90   $91.90 
Q3-Q4 2024   9,000   $70.00   $85.50   $85.50 
The following table reflects the weighted-average price of open commodity swap contracts as of March 31, 2024:
Commodity Swaps
       Weighted 
   Volume   average 
Period  (Bbls/month)   price ($/Bbl) 
Q2-Q4 2024   2,250   $70.89 
Q1-Q4 2025   5,000   $70.21 
Schedule of Conducting Derivative Activities The combined fair value of derivatives included in the accompanying consolidated balance sheets as of March 31, 2024 and December 31, 2023 is summarized below.
   As of March 31, 2024 
   Gross fair
value		   Amounts
netted		   Net fair
value		 
Commodity derivatives:            
Short-term derivative asset  $128,714   $(128,714)  $
—
 
Long-term derivative asset   
—
    
—
    
—
 
Short-term derivative liability   (1,132,478)   128,714    (1,003,764)
Long-term derivative liability   (388,642)   
—
    (388,642)
Total derivative asset            $(1,392,406)
   As of December 31, 2023 (Successor) 
   Gross fair
value		   Amounts
netted		   Net fair
value		 
Commodity derivatives:            
Short-term derivative asset  $583,035   $(191,547)  $391,488 
Long-term derivative asset   76,199    
—
    76,199 
Short-term derivative liability   (191,547)   (191,547)   
—
 
Long-term derivative liability   
—
    
—
    
—
 
Total derivative asset            $467,687 

 
Schedule of Derivatives on the Consolidated Statements of Operations The effects of the Company’s derivatives on the consolidated statements of operations are summarized below:
   Three
Months
Ended
March 31,
2024		   Three
Months
Ended
March 31,
2023		 
   Successor   Predecessor 
Total gain (loss) on unsettled derivatives  $(1,997,247)  $584,024 
Total loss on settled derivatives   (137,154)   (166,990)
Net gain (loss) on derivatives  $(1,997,247)  $(417,034)