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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 221,828 $ 9,092,584
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,673,892 439,683
Accretion expense 1,184,585 188,552
Unrealized (gain) loss on investments (81,051) 38,933
Gain on disposal of property and equipment (32,702) (14,462)
Deferred income taxes (1,000) (49,500)
Changes in assets and liabilities:    
Production accounts receivable 1,247,980 (191,801)
Other current assets (458,066) (1,700)
Other assets 14,345 5,676
Accounts payable 84,629 389,762
Accrued expenses (138,531) (31,880)
Operational advances 58,084 150,427
Total adjustments 3,552,165 923,690
Net cash provided by operating activities 3,773,993 10,016,274
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (1,211,377) (3,330,065)
Purchase of property and equipment (363,276) (381,882)
Proceeds from disposal of property and equipment 40,570 35,698
Net cash used in investing activities (1,534,083) (3,676,249)
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions (2,655,109) (5,355,894)
Repurchase of Units (3,348,114) (304,599)
Proceeds from options exercised 190,800 75,300
Net cash used in financing activities (5,812,423) (5,585,193)
NET CHANGE IN CASH AND EQUIVALENTS (3,572,513) 754,832
CASH AND EQUIVALENTS AT BEGINNING OF YEAR 13,159,037 12,404,205
CASH AND EQUIVALENTS AT END OF YEAR $ 9,586,524 $ 13,159,037