Derivatives (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary Of Derivative Instruments Contracts

Derivative contracts in place as of December 31, 2024

Fiscal period	Contract total volume	Index	Contract average price
Natural gas costless collars
2025	1,540,000 Mmbtu	NYMEX Henry Hub	$3.27floor/$4.54ceiling
2026	1,245,000 Mmbtu	NYMEX Henry Hub	$3.29floor/$4.19ceiling
Natural gas fixed price swaps
2025	2,200,000 Mmbtu	NYMEX Henry Hub	$3.28
2026	215,000 Mmbtu	NYMEX Henry Hub	$3.44
Oil Costless Collars
Remaining unsettled from 2024	500 Bbls	NYMEX WTI	$67.00floor/$77.00ceiling
Oil fixed price swaps
Remaining unsettled from 2024	5,100 Bbls	NYMEX WTI	$68.42
2025	57,800 Bbls	NYMEX WTI	$69.44
2026	15,000 Bbls	NYMEX WTI	$68.78

Summary of Gain or Loss on Derivative Contracts, Net

Cash receipts in the following table reflect the gain or loss on derivative contracts which settled during the respective periods, and the non-cash gain or loss reflect the change in fair value of derivative contracts as of the end of the respective periods.

	For the Year Ended December 31,
	2024			2023
Cash received (paid) on settled derivative contracts:
Natural gas costless collars	$	1,877,875		$	1,516,535
Natural gas fixed price swaps(1)		2,616,497			1,344,580
Oil costless collars		(52,530	)		24,330
Oil fixed price swaps(1)		(144,239	)		(328,387	)
Cash received (paid) on settled derivative contracts, net	$	4,297,603		$	2,557,058
Non-cash gain (loss) on derivative contracts:
Natural gas costless collars	$	(1,940,316	)	$	857,675
Natural gas fixed price swaps		(2,138,259	)		3,119,388
Oil costless collars		14,577			(702	)
Oil fixed price swaps		66,003			326,170
Non-cash gain (loss) on derivative contracts, net	$	(3,997,995	)	$	4,302,531
Gains (losses) on derivative contracts, net	$	299,608		$	6,859,589

(1) For the year ended December 31, 2023, excludes $373,745 of cash paid to settle off-market derivative contracts that are not reflected on the Statements of Income. Total cash paid related to off-market derivatives was $560,162 for the year ended December 31, 2023 and is reflected in the Financing Activities section of the Statements of Cash Flows. Cash (paid) or received not related to off-market derivatives is reflected in the Operating Activities section of the Statements of Cash Flows.

Summary Of Derivative Contracts

	12/31/2024												12/31/2023
	Fair Value												Fair Value
	Commodity Contracts												Commodity Contracts
	Current Assets			Current Liabilities			Non-Current Assets			Non-Current Liabilities			Current Assets			Current Liabilities			Non-Current Assets			Non-Current Liabilities
Gross amounts recognized	$	596,514		$	912,850		$	398,894		$	796,966		$	3,318,046		$	197,439		$	344,614		$	181,634
Offsetting adjustments		(596,514	)		(596,514	)		(398,894	)		(398,894	)		(197,439	)		(197,439	)		(181,634	)		(181,634	)
Net presentation on Balance Sheets	$	-		$	316,336		$	-		$	398,072		$	3,120,607		$	-		$	162,980		$	-