Supplementary Information On Natural Gas, Oil And NGL Reserves (Tables)

12 Months Ended

Dec. 31, 2024

Extractive Industries [Abstract]

Summary Of Capitalized Costs Of Natural Gas and Oil Properties And Related Depreciation, Depletion And Amortization

	December 31,			December 31,
	2024			2023
Producing properties	$	223,043,942		$	209,082,847
Non-producing minerals		50,156,199			56,670,341
Non-producing leasehold		1,650,712			2,150,104
		274,850,853			267,903,292
Accumulated depreciation, depletion and amortization		(122,030,459	)		(113,506,928	)
Net capitalized costs	$	152,820,394		$	154,396,364

Summary Of Costs Incurred In Natural Gas and Oil Producing Activities

	Year Ended December 31,
	2024		2023
Property acquisition costs	$	7,834,849	$	30,435,595
Development costs		94,022		113,967
	$	7,928,871	$	30,549,562

Summary Of Net Quantities Of Proved, Developed And Undeveloped Natural Gas, Oil And NGL Reserves

	Proved Reserves
	Natural Gas			Oil			NGL			Total
	(Mcf)			(Barrels)			(Barrels)			Bcfe
December 31, 2022		61,205,493			1,372,006			1,708,575			79.7
Revisions of previous estimates		(4,997,247	)		29,514			(86,414	)		(5.3	)
Acquisitions		7,322,724			35,228			20,361			7.7
Divestitures		(7,296,462	)		(340,265	)		(145,231	)		(10.2	)
Extensions, discoveries and other additions		7,211,533			158,395			102,849			8.8
Production		(7,457,084	)		(182,916	)		(137,484	)		(9.4	)
December 31, 2023		55,988,957			1,071,962			1,462,656			71.2
Revisions of previous estimates		(4,947,215	)		10,432			(45,846	)		(5.2	)
Acquisitions		2,366,885			13,425			8,531			2.5
Divestitures		(4,594	)		(2,276	)		-			(0.0	)
Extensions, discoveries and other additions		3,872,751			131,717			56,365			5.0
Production		(7,969,948	)		(178,357	)		(133,609	)		(9.8	)
December 31, 2024		49,306,836			1,046,903			1,348,097			63.7

Summary Of Proved Developed And Undeveloped Reserves

	Proved Developed Reserves						Proved Undeveloped Reserves
	Natural Gas		Oil		NGL		Natural Gas		Oil		NGL
	(Mcf)		(Barrels)		(Barrels)		(Mcf)		(Barrels)		(Barrels)
December 31, 2023		44,479,988		937,465		1,362,944		11,508,969		134,497		99,712
December 31, 2024		42,549,110		948,078		1,322,146		6,757,726		98,825		25,951

Summary Of Proved Undeveloped Reserves

The following details the changes in proved undeveloped reserves for 2024 (Mcfe):

Beginning proved undeveloped reserves	12,914,223
Proved undeveloped reserves transferred to proved developed	(8,501,982	)
Revisions	(1,152,401	)
Extensions and discoveries	2,985,546
Sales	-
Purchases	1,260,996
Ending proved undeveloped reserves	7,506,382

Summary Of Standardized Measure Of Discounted Future Net Cash Flows

	Year Ended December 31,
	2024			2023
Future cash inflows	$	206,317,618		$	264,083,714
Future production costs		(60,622,892	)		(67,959,181	)
Future development and asset retirement costs		(1,307,480	)		(1,224,333	)
Future income tax expense		(7,979,227	)		(18,437,730	)
Future net cash flows		136,408,019			176,462,470
10% annual discount		(60,153,131	)		(76,071,084	)
Standardized measure of discounted future net    cash flows	$	76,254,888		$	100,391,386

Summary Of Changes In Standardized Measure Of Discounted Future Net Cash Flows

Changes in the standardized measure of discounted future net cash flows are as follows:

	Year Ended December 31,
	2024			2023
Beginning of year	$	100,391,386		$	197,489,635
Changes resulting from:
Sales of natural gas, oil and NGL, net of    production costs		(26,245,153	)		(29,380,772	)
Net change in sales prices and production costs		(16,835,611	)		(112,688,455	)
Net change in future development and asset    retirement costs		(41,631	)		171,076
Extensions and discoveries		9,694,126			13,586,306
Revisions of quantity estimates		(8,661,885	)		(16,554,366	)
Acquisitions (divestitures) of reserves-in-place		2,540,234			(19,144,486	)
Accretion of discount		11,001,794			24,132,484
Net change in income taxes		6,239,421			34,208,654
Change in timing and other, net		(1,827,793	)		8,571,310
Net change		(24,136,498	)		(97,098,249	)
End of year	$	76,254,888		$	100,391,386