| Schedule of property and equipment |
The following table summarizes the Company’s property and equipment as of June 30, 2025 and December 31, 2024: | | | | | | | | | June 30, | | December 31, | | | 2025 | | 2024 | Property and equipment: | | | | | | | Oil and gas properties, successful efforts method | | | | | | | Proved properties | | $ | 197,197,902 | | $ | 191,879,210 | Unproved properties | | | 33,496,835 | | | 28,364,186 | Accumulated depletion, depreciation, amortization and impairment | | | (131,899,045) | | | (123,281,395) | Total oil and gas properties, net | | | 98,795,692 | | | 96,962,001 | Gathering system | | | 43,416,065 | | | 43,116,371 | Accumulated depletion, depreciation, amortization and impairment | | | (37,057,605) | | | (36,449,511) | Total gathering system, net | | | 6,358,460 | | | 6,666,860 | Land | | | 637,764 | | | 637,764 | Buildings and other property and equipment, net | | | 245,555 | | | 259,335 | Total property and equipment, net | | $ | 106,037,471 | | $ | 104,525,960 |
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