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Condensed Statements Of Operations - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Natural gas, oil and NGL sales $ 11,857,247 $ 14,783,865
Lease bonuses and rental income 313,150 161,908
Gains (losses) on derivative contracts 3,802,820 (12,983,406)
Revenues 15,973,217 1,962,367
Costs and expenses:    
Lease operating expenses 545,767 929,454
Transportation, gathering and marketing 1,128,756 1,488,518
Production taxes 581,433 697,393
Depreciation, depletion and amortization 1,889,990 2,121,116
Provision for impairment 2,073  
Interest expense 557,473 230,212
General and administrative 2,981,909 2,744,264
Losses (gains) on asset sales and other (4,334,428) (2,261,135)
Total costs and expenses 3,352,973 5,949,822
Income (loss) before provision (benefit) for income taxes 12,620,244 (3,987,455)
Provision (benefit) for income taxes 3,067,000 33,000
Net income (loss) $ 9,553,244 $ (4,020,455)
Basic earnings (loss) per common share $ 0.27 $ (0.12)
Diluted earnings (loss) per common share $ 0.27 $ (0.12)
Weighted average shares outstanding:    
Basic 35,935,791 34,292,455
Diluted 35,935,791 34,292,455
Dividends per share of common stock paid in period $ 0.0225 $ 0.015