Note 11 - Major Customers

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE 11. Major Customers

Delek accounted for approximately 81% and 76% and Energy Transfer Crude Marketing, LLC (“ETC”) accounted for approximately 10% and 19% of the Company’s revenues during the three months ended March 31, 2025 and 2024, 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.