Interest in oil and gas royalties (Details Narrative) |
1 Months Ended | 3 Months Ended | 6 Months Ended | |||||||||||||
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Aug. 05, 2025
USD ($)
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Mar. 31, 2025
USD ($)
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Mar. 31, 2025
bbl
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Mar. 31, 2025
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 ($)
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Jun. 30, 2025
USD ($)
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Jun. 30, 2024
USD ($)
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Jun. 30, 2025
USD ($)
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Jun. 30, 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 | $ 1,335,143 | 1,335,143 | ||||||||||||||
Beginning balance of royalty interests | 1,369,899 | 1,369,899 | ||||||||||||||
Accumulated amortization | 34,756 | 34,756 | ||||||||||||||
Accrual royalty income | 75,000 | $ 0 | 75,000 | 0 | ||||||||||||
Royalty income received | 77,000 | 0 | 77,000 | 0 | ||||||||||||
Royalty payments | $ 0 | $ 0 | $ 0 | $ 0 | ||||||||||||
Subsequent Event [Member] | ||||||||||||||||
Royalty interest tax payment | $ 33,039 | |||||||||||||||
Royalty interest payment | $ 1,702 | |||||||||||||||
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% | ||||||||||||
Total acquisition cost | $ 588,229 | |||||||||||||||
Average daily production | 15,734 | 20,645 |
X | ||||||||||
- 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 oil and gas production per day. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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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- Definition Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Ancillary revenue earned during the period from the consideration paid to the entity for the use of its rights and property by another party. Examples include licensing the use of copyrighted materials and leasing the extraction of natural resources. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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