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Condensed Statements Of Income - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Natural gas, oil and NGL sales $ 7,090,208 $ 11,857,247
Lease bonuses and rental income 151,718 313,150
Gains (losses) on derivative contracts 627,492 3,802,820
Revenues 7,869,418 15,973,217
Costs and expenses:    
Lease operating expenses 332,409 574,942
Transportation, gathering and marketing 843,504 1,128,756
Production and ad valorem taxes 392,327 552,258
Depreciation, depletion and amortization 2,356,326 1,889,990
Provision for impairment   2,073
Interest expense 714,886 557,473
General and administrative 3,347,037 2,981,909
Losses (gains) on asset sales and other 24,212 (4,334,428)
Total costs and expenses 8,010,701 3,352,973
Income (loss) before provision for income taxes (141,283) 12,620,244
Provision for income taxes 42,332 3,067,000
Net income (loss) $ (183,615) $ 9,553,244
Basic earnings (loss) per common share $ (0.01) $ 0.27
Diluted earnings (loss) per common share $ (0.01) $ 0.27
Weighted average shares outstanding:    
Basic 36,303,392 35,935,791
Diluted 36,303,392 35,935,791
Dividends per share of common stock paid in period $ 0.03 $ 0.0225