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Condensed Statements Of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Natural gas, oil and NGL sales $ 7,231,164 $ 19,561,568 $ 19,088,411 $ 34,345,433
Lease bonuses and rental income 111,991 209,329 425,141 371,237
Gains (losses) on derivative contracts 183,006 (2,387,226) 3,985,826 (15,370,632)
Revenues 7,526,161 17,383,671 23,499,378 19,346,038
Costs and expenses:        
Lease operating expenses 314,150 900,807 859,917 1,830,261
Transportation, gathering and marketing 906,373 1,430,136 2,035,129 2,918,654
Production taxes 461,893 925,197 1,043,326 1,622,590
Depreciation, depletion and amortization 2,210,332 2,022,832 4,100,322 4,143,948
Provision for impairment   6,277 2,073 6,277
Interest expense 524,294 286,345 1,081,767 516,557
General and administrative 3,177,103 2,877,614 6,159,012 5,621,878
Losses (gains) on asset sales and other 139,307 (630,547) (4,195,121) (2,891,682)
Total costs and expenses 7,733,452 7,818,661 11,086,425 13,768,483
Income (loss) before provision (benefit) for income taxes (207,291) 9,565,010 12,412,953 5,577,555
Provision (benefit) for income taxes (166,000) 976,000 2,901,000 1,009,000
Net income (loss) $ (41,291) $ 8,589,010 $ 9,511,953 $ 4,568,555
Basic earnings (loss) per common share $ 0.00 $ 0.25 $ 0.26 $ 0.13
Diluted earnings (loss) per common share $ 0.00 $ 0.25 $ 0.26 $ 0.13
Weighted average shares outstanding:        
Basic 35,965,281 34,652,155 35,950,615 34,473,247
Diluted 35,965,281 34,851,214 36,034,438 34,473,247
Dividends per share of common stock paid in period $ 0.0225 $ 0.02 $ 0.045 $ 0.035