Interest in oil and gas royalties (Details Narrative) |
1 Months Ended | 3 Months Ended | |||||||||||
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Mar. 31, 2025
USD ($)
|
Mar. 31, 2025
USD ($)
bbl
|
Mar. 31, 2025
USD ($)
Mcf
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Mar. 25, 2025
USD ($)
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Mar. 25, 2025
bbl
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Mar. 25, 2025
Mcf
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Mar. 20, 2025
USD ($)
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Mar. 20, 2025
bbl
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Mar. 20, 2025
Mcf
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Mar. 31, 2025
USD ($)
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Mar. 31, 2025
USD ($)
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Mar. 31, 2024
USD ($)
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Dec. 31, 2024
USD ($)
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Total consideration | $ 1,369,899 | $ 1,369,899 | |||||||||||
Carrying value of royalty interest | $ 1,369,391 | $ 1,369,391 | $ 1,369,391 | 1,369,391 | 1,369,391 | ||||||||
Beginning balance of royalty interests | 1,369,899 | 1,369,899 | 1,369,899 | 1,369,899 | 1,369,899 | ||||||||
Accumulated amortization | 508 | 508 | 508 | 508 | 508 | ||||||||
Accrual royalty income | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 0 | |||||||
Royalty income received | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |||||||
Bluestem Royalty Partners LP [Member] | |||||||||||||
Total acquisition cost | $ 60,980 | ||||||||||||
Average daily production | 5,252 | 5,580 | |||||||||||
Bluestem Royalty Partners LP [Member] | Seven Producing Horizontal Wells [Member] | |||||||||||||
Royalty interest percentage | 0.03324% | 0.03324% | 0.03324% | ||||||||||
Bluestem Royalty Partners LP [Member] | Two Non Producing Mineral Wells [Member] | |||||||||||||
Royalty interest percentage | 0.15625% | 0.15625% | 0.15625% | ||||||||||
Gatorex Holdings, LLC [Member] | |||||||||||||
Royalty interest percentage | 0.06% | 0.06% | 0.06% | ||||||||||
Total acquisition cost | $ 720,690 | ||||||||||||
Average daily production | 16,572 | 37,496 | |||||||||||
Maven Royalty 2, LP [Member] | |||||||||||||
Royalty interest percentage | 0.0501% | 0.0501% | 0.0501% | 0.0501% | 0.0501% | ||||||||
Total acquisition cost | $ 588,229 | ||||||||||||
Average daily production | 15,734 | 20,645 |
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- Definition Royalty income received. No definition available.
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- Definition Royalty interest percentage. No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for royalties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of daily production of the applicable energy source. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash outflow to purchase of mineral interests in oil and gas properties for use in the normal oil and gas operations and not intended for resale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow from the purchase of royalty interests in mining properties is the amount of cash the mineral producer pays the owner of the mine or mineral resource. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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