CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 0	$ 1,866,395
Accounts receivable	38,729,543	36,172,316
Joint interest billing receivables, net	781,362	1,083,164
Derivative assets	14,815,235	5,497,057
Inventory	5,384,553	4,047,819
Prepaid expenses and other assets	2,716,824	1,781,341
Total Current Assets	62,427,517	50,448,092
Properties and Equipment
Oil and natural gas properties, full cost method	1,949,768,881	1,809,309,848
Financing lease asset subject to depreciation	3,712,233	4,634,556
Fixed assets subject to depreciation	3,494,678	3,389,907
Total Properties and Equipment	1,956,975,792	1,817,334,311
Accumulated depreciation, depletion and amortization	(521,741,945)	(475,212,325)
Net Properties and Equipment	1,435,233,847	1,342,121,986
Operating lease asset	1,599,335	1,906,264
Derivative assets	6,613,480	5,473,375
Deferred financing costs	10,456,692	8,149,757
Total Assets	1,516,330,871	1,408,099,474
Current Liabilities
Accounts payable	82,422,634	95,729,261
Income tax liability	675,352	328,985
Financing lease liability	724,527	906,119
Operating lease liability	674,927	648,204
Derivative liabilities	2,322,147	6,410,547
Notes payable	1,488,419	496,397
Deferred cash payment	9,604,736	0
Asset retirement obligations	414,974	517,674
Total Current Liabilities	98,327,716	105,037,187
Non-current Liabilities
Deferred income taxes	37,456,550	28,591,802
Revolving line of credit	448,000,000	385,000,000
Financing lease liability, less current portion	580,604	647,078
Operating lease liability, less current portion	1,061,124	1,405,837
Derivative liabilities	3,864,413	2,912,745
Asset retirement obligations	29,144,695	25,864,843
Total Liabilities	618,435,102	549,459,492
Commitments and contingencies (See Note 12)
Stockholders' Equity
Preferred stock - $0.001 par value; 50,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock - $0.001 par value; 450,000,000 shares authorized; 206,542,615 shares and 198,561,378 shares issued and outstanding, respectively	206,542	198,561
Additional paid-in capital	809,921,900	800,419,719
Retained earnings (Accumulated deficit)	87,767,327	58,021,702
Total Stockholders’ Equity	897,895,769	858,639,982
Total Liabilities and Stockholders' Equity	$ 1,516,330,871	$ 1,408,099,474