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Note 12 - Major Customers
6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

NOTE 12. Major Customers

 

Delek accounted for approximately 75% and 77% and Energy Transfer Crude Marketing, LLC (“ETC”) accounted for approximately 19% and 19% of the Company’s revenues during the six months ended June 30, 2024 and 2023, respectively. Based on the current demand for crude oil and natural gas and the availability of other purchasers, management believes the loss of either of these major purchasers would not have a material adverse effect on our financial condition and results of operations because crude oil and natural gas are fungible products with well-established markets and numerous purchasers.