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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
REVENUES    
Oil and gas revenues $ 195,648,957 $ 70,796,790
Gain / (loss) on derivative instruments, net (10,023,495) (33,525,453)
Revenues 185,625,462 37,271,337
EXPENSES    
Production costs and transportation 41,495,709 12,087,223
General and administrative 26,090,160 25,021,117
Depreciation, depletion, and amortization 62,082,471 23,497,715
Asset Retirement Obligation, Accretion Expense 43,756 24,209
Total operating expenses 129,712,096 60,630,264
OPERATING INCOME (LOSS) 55,913,366 (23,358,927)
OTHER INCOME (EXPENSE)    
Finance and interest expense (13,428,333) (5,727,544)
Acquisition costs 0 (1,567,967)
Total other income (expense) (13,428,333) (7,295,511)
INCOME (LOSS) BEFORE INCOME TAXES 42,485,033 (30,654,438)
Income tax provision (benefit) (1,928,319) 1,928,319
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) 44,413,352 (32,582,757)
NET INCOME (LOSS) ATTRIBUTABLE TO REDEEMABLE NON-CONTROLLING INTEREST 33,796,021 13,091,908
NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST 3,189,196 (13,330,237)
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY $ 7,428,135 $ (32,344,428)
Earnings (loss) per SVS and PVS, and MVS on an as-converted basis    
Basic $ 0.22 $ (0.76)
Diluted $ 0.2 $ (0.76)
Weighted average number of shares per SVS and PVS, and MVS on an as-converted basis    
Basic 34,453,696 42,596,264
Diluted 53,586,327 42,596,264