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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2024
Derivatives [Abstract]  
Schedule of Derivative Volumes The following table sets forth the derivative volumes by period as of June 30, 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)		 
Q3 2024   9,000   $70.00   $85.50   $85.50 
Q4 2024   9,000   $70.00   $85.50   $85.50 
The following table reflects the weighted-average price of open commodity swap contracts as of June 30, 2024:
Commodity Swaps
       Weighted 
   Volume   average 
Period  (Bbls/month)   price ($/Bbl) 
Q3-Q4 2024   2,250   $70.89 
Q1-Q4 2025   5,000   $70.21 
Schedule of Derivatives Fair Value Included in Consolidated Balance Sheets The combined fair value of derivatives included in the accompanying consolidated balance sheets as of June 30, 2024 and December 31, 2023 is summarized below.
   As of June 30, 2024 
   Gross fair
value		   Amounts
netted		   Net fair
value		 
Commodity derivatives:            
Short-term derivative asset  $59,607   $(59,607)  $
—
 
Long-term derivative asset   
—
    
—
    
—
 
Short-term derivative liability   (1,006,559)   59,607    (946,952)
Long-term derivative liability   (267,484)   
—
    (267,484)
Total derivative liability            $(1,214,436)
   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
June 30,
2024		     Six
Months
Ended
June 30,
2024		     Three
Months
Ended
June 30,
2023		     Six
Months
Ended
June 30,
2023		  
    Successor     Predecessor  
Total gain (loss) on unsettled derivatives   $ 177,970     $ (1,682,123 )   $ 477,674     $ 1,061,698  
Total gain (loss) on settled derivatives     (261,448 )     (398,602 )     (131,665 )      (298,655 ) 
Net gain (loss) on derivatives   $ (83,478 )   $ (2,080,725 )   $ 346,009     $ 763,043