SUPPLEMENTAL OIL AND GAS INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2022

Extractive Industries [Abstract]

Schedule of costs incurred in crude oil and natural gas acquisition, exploration and development activities [Table Text Block]

For the year ended December 31,		2022		2021
Unevaluated property acquisition	$	2,244,517	$	6,200,745
Development		248,185,340		68,323,942
Exploration costs		5,179,046		1,406,101
Total	$	255,608,903	$	75,930,788

Schedule of proved developed and undeveloped oil and gas reserve quantities [Table Text Block]

	Oils		Natural Gas		NGLs		Total
	(Mbbl)		(MMcf)		(Mbbl)		MBOE
Total proved reserves at December 31, 2020	5,209		23,505		5,156		14,283
Revisions of previous estimates, and other	(2,445	)	5,415		(3,550	)	(5,093	)
Improved recovery	1,715		6,201		1,220		3,969
Production	(743	)	(2,398	)	(358	)	(1,501	)
Total proved reserves at December 31, 2021	3,735		32,724		2,469		11,658
Revisions of previous estimates, and other	(1,850	)	(27,505	)	(1,271	)	(7,705	)
Extensions, discoveries and other additions	2,281		93,381		1,930		19,775
Improved recovery	1,111		14,069		671		4,127
Production	(1,030	)	(13,317	)	(588	)	(3,838	)
Total proved reserves at December 31, 2022	4,247		99,352		3,211		24,017
Proved Developed Reserves:
December 31, 2020	2,275		6,672		1,692		5,079
December 31, 2021	2,137		7,468		1,041		4,423
December 31, 2022	3,973		70,480		2,962		18,682
Proved Undeveloped Reserves:
December 31, 2020	2,934		16,833		3,464		9,204
December 31, 2021	1,598		25,256		1,428		7,235
December 31, 2022	274		28,872		249		5,335

Schedule of standardized measure of discounted future net cash flows relating to proved crude oil and natural gas reserves [Table Text Block]

For the year ended December 31,		2022			2021
Future cash inflows	$	1,092,307,120		$	247,313,824
Future production costs		(136,423,094	)		(53,266,494	)
Future development and abandonment costs		(75,501,920	)		(3,124,700	)
Future income tax expense		(98,092,314	)		(24,496,630	)
Future net cash inflows	$	782,289,792		$	166,426,000
10% annual discount for estimated timing of cash flows		(303,833,120	)		(55,888,400	)
Standardized measure of discounted future net cash flows	$	478,456,672		$	110,537,600

Schedule of oil and gas, average sale price and production cost [Table Text Block]

		Oil		Natural Gas		NGLs
		(Mbbl)		(MMcf)		(Mbbl)
December 31, 2022	$	94.49	$	6.25	$	32.62
December 31, 2021	$	66.55	$	3.64	$	27.29

Schedule of changes in the standardized measure of discounted future net cash flows [Table Text Block]

For the year ended December 31,		2022			2021
Beginning of period	$	110,537,600		$	82,028,564
Sales of oil and natural gas produced, net of production costs		(81,065,058	)		(26,623,743	)
Extensions, discoveries and other additions		200,494,177			(12,803,556	)
Previously estimated development cost incurred during the period		(3,124,700	)		14,038,000
Net change of prices and production costs		139,967,308			114,050,543
Change in future development and abandonment costs		(57,466,319	)		48,932,984
Revisions of quantity and timing estimates		225,544,516			(120,961,889	)
Accretion of discount		(760,264	)		18,575,522
Change in income taxes		(55,419,410	)		8,768,285
Other		(251,178	)		(15,467,110	)
End of period	$	478,456,672		$	110,537,600