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Note 12 - Major Customers
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

NOTE 12. Major Customers

 

Delek accounted for approximately 76%, 82% and 88% of the Company’s revenues during the years ended December 31, 2024, 2023 and 2022, respectively. In addition, Energy Transfer Crude Marketing, LLC (“ETC”) accounted for approximately 18% and 14% of the Company’s revenues during the years ended December 31, 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 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.