EON Resources (EONR) 10-Q 15 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 13, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Information [Line Items]
Entity Registrant Name	EON Resources, Inc.
Entity Central Index Key	0001842556
Entity File Number	001-41278
Entity Tax Identification Number	85-4359124
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	3730 Kirby Drive
Entity Address, Address Line Two	Suite 1200
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77098
Entity Phone Fax Numbers [Line Items]
City Area Code	(713)
Local Phone Number	834.1145
Class A Common Stock, par value $0.0001 per share
Entity Listings [Line Items]
Title of 12(b) Security	Class A Common Stock, par value $0.0001 per share
Trading Symbol	EONR
Security Exchange Name	NYSEAMER
Warrants, each whole warrant exercisable for three quarters of one share of Class A Common Stock at an exercise price of $11.50 per whole share
Entity Listings [Line Items]
Title of 12(b) Security	Warrants, each whole warrant exercisable for three quarters of one share of Class A Common Stock at an exercise price of $11.50 per whole share
Trading Symbol	EONR.WS
Security Exchange Name	NYSEAMER
Class A Common Stock
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		9,294,972
Class B Common Stock
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		500,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash	$ 2,746,896	$ 3,505,454
Accounts receivable
Crude oil and natural gas	2,059,863	2,103,341
Other	1,301	90,163
Short-term derivative instrument asset	628,513	391,488
Prepaid expenses and other current assets	544,209	722,002
Total current assets	5,980,782	6,812,448
Crude oil and natural gas properties, successful efforts method:
Proved properties	98,870,589	94,189,372
Accumulated depreciation, depletion, amortization and impairment	(1,858,369)	(352,127)
Total oil and natural gas properties, net	97,012,220	93,837,245
Other property, plant and equipment, net	20,000
Long-term derivative instrument asset	165,682	76,199
Total assets	103,178,684	100,725,892
Current liabilities
Accounts payable	7,988,044	4,795,208
Accrued liabilities and other	7,390,370	4,422,183
Revenue and royalties payable	1,971,897	461,773
Revenue and royalties payable – related parties	247,572	1,523,138
Deferred underwriting fee payable	1,140,000	1,300,000
Warrant liability, current portion	5,672,604
Current portion of long-term debt	10,914,900	4,157,602
Forward purchase agreement liability	5,628,863	1,094,097
Total current liabilities	44,782,226	20,113,049
Long-term debt, net of current portion and financing costs	28,840,078	37,486,206
Warrant liability		4,777,971
Deferred tax liability	3,758,161	6,163,140
Asset retirement obligations	988,223	904,297
Other liabilities	675,000	675,000
Total non-current liabilities	34,261,462	50,006,614
Total liabilities	79,043,688	70,119,663
Commitments and Contingencies (Note 10)
Stockholders’ equity
Preferred stock, $0.0001 par value; 1,000,000 authorized shares, 0 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively
Additional paid-in capital	21,864,561	16,317,856
Accumulated deficit	(28,291,213)	(19,118,745)
Total stockholders’ (deficit) equity attributable to Eon Resources, Inc.	(6,425,818)	(2,800,185)
Noncontrolling interest	30,560,814	33,406,414
Total stockholders’ equity	24,134,996	30,606,229
Total liabilities and stockholders’ equity	103,178,684	100,725,892
Related Party
Current liabilities
Related party notes payable, net of discount	3,827,976	2,359,048
Class A Common Stock
Stockholders’ equity
Common stock value	696	524
Class B Common Stock
Stockholders’ equity
Common stock value	$ 138	$ 180

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized shares	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A Common Stock
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	6,957,334	6,957,334
Common stock, shares outstanding	6,957,334	6,957,334
Class B Common Stock
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	1,379,675	1,800,000
Common stock, shares outstanding	1,379,675	1,800,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues
Gain (loss) on derivative instruments, net	$ 1,900,662	$ (1,436,100)	$ (180,063)	$ (673,057)
Other revenue	98,452	143,714	359,270	461,435
Total revenues	7,364,346	5,278,459	15,708,240	20,322,608
Expenses
Production taxes, transportation and processing	489,524	602,449	1,326,789	1,774,310
Lease operating	2,136,732	2,449,140	6,530,431	7,354,304
Depletion, depreciation and amortization	507,626	426,838	1,506,242	1,285,830
Accretion of asset retirement obligations	10,395	200,789	83,926	809,423
General and administrative	2,235,263	981,751	6,868,749	3,111,130
Total expenses	5,379,540	4,660,967	16,316,137	14,334,997
Operating income (loss)	1,984,806	617,492	(607,897)	5,987,611
Other Income (expenses)
Change in fair value of warrant liability	(137,911)		(484,799)
Change in fair value of FPA liability	(4,209,294)		(4,534,766)
Amortization of debt discount	(507,701)		(1,982,958)
Interest expense	(1,841,848)	(554,262)	(5,732,747)	(1,429,200)
Interest income	14,852	92,520	44,214	266,771
Gain on extinguishment of liabilities			1,720,000
Loss on sale of assets		(816,011)		(816,011)
Other Income (expense)		9,109	1,506	(74,692)
Total other income (expenses)	(6,681,902)	(1,268,644)	(10,969,550)	(2,053,132)
Loss before income taxes	(4,697,096)	(651,152)	(11,577,447)	3,934,479
Income tax (provision) benefit	855,925		2,404,979
Net income (loss)	(3,841,171)	(651,152)	(9,172,468)	3,934,479
Net income (loss) attributable to noncontrolling interests
Net income (loss) attributable to EON Resources, Inc..	$ (3,841,171)	$ (651,152)	$ (9,172,468)	$ 3,934,479
Weighted average share outstanding, common stock - basic (in Shares)	5,733,857		5,483,959
Weighted average share outstanding, common stock - diluted (in Shares)	5,733,857		5,483,959
Net income (loss) per share of common stock – basic (in Dollars per share)	$ (0.67)		$ (1.67)
Net income (loss) per share of common stock – diluted (in Dollars per share)	$ (0.67)		$ (1.67)
Crude Oil
Revenues
Revenues	$ 5,275,254	$ 6,314,104	$ 15,132,363	$ 19,814,847
Natural Gas and Natural Gas Liquids
Revenues
Revenues	$ 89,978	$ 256,741	$ 396,670	$ 719,383

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes In Stockholders’/Owners’ Equity (Deficit) (Unaudited) - USD ($)	Common Stock Class A	Common Stock Class B	Additional Paid-In Capital	Accumulated Deficit	Total Stockholders’ (Deficit) Equity Attributable to HNR Acquisition Corp.	Noncontrolling Interest	Total
Balance at Dec. 31, 2022							$ 28,504,247
Net Income (loss)							1,908,871
Balance at Mar. 31, 2023							30,413,118
Balance at Dec. 31, 2022							28,504,247
Net Income (loss)							3,934,479
Balance at Sep. 30, 2023							32,438,726
Balance at Mar. 31, 2023							30,413,118
Net Income (loss)							2,676,760
Balance at Jun. 30, 2023							33,089,878
Net Income (loss)							(651,152)
Balance at Sep. 30, 2023							32,438,726
Balance at Dec. 31, 2023	$ 524	$ 180	$ 16,317,856	$ (19,118,745)	$ (2,800,185)	$ 33,406,414	30,606,229
Balance (in Shares) at Dec. 31, 2023	5,235,131	1,800,000
Share-based compensation			699,248		699,248		699,248
Net Income (loss)				(4,693,502)	(4,693,502)		(4,693,502)
Balance at Mar. 31, 2024	$ 524	$ 180	17,017,104	(23,812,247)	(6,794,439)	33,406,414	26,611,975
Balance (in Shares) at Mar. 31, 2024	5,235,131	1,800,000
Balance at Dec. 31, 2023	$ 524	$ 180	16,317,856	(19,118,745)	(2,800,185)	33,406,414	$ 30,606,229
Balance (in Shares) at Dec. 31, 2023	5,235,131	1,800,000
Class B exchanged for class A (in Shares)							50,000
Net Income (loss)							$ (9,172,468)
Balance at Sep. 30, 2024	$ 696	$ 138	21,864,561	(28,291,213)	(6,425,818)	30,560,814	24,134,996
Balance (in Shares) at Sep. 30, 2024	6,957,334	1,379,675
Balance at Mar. 31, 2024	$ 524	$ 180	17,017,104	(23,812,247)	(6,794,439)	33,406,414	26,611,975
Balance (in Shares) at Mar. 31, 2024	5,235,131	1,800,000
Share-based compensation	$ 30		490,690		490,720		490,720
Share-based compensation (in Shares)	301,878
Net Income (loss)				(637,795)	(637,795)		(637,795)
Balance at Jun. 30, 2024	$ 554	$ 180	17,507,794	(24,450,042)	(6,941,514)	33,406,414	26,464,900
Balance (in Shares) at Jun. 30, 2024	5,537,009	1,800,000
Share-based compensation			326,995		326,995		326,995
Shares issued under equity line of credit	$ 100		1,184,172		1,184,272		1,184,272
Shares issued under equity line of credit (in Shares)	1,000,000
Class B exchanged for class A	$ 42	$ (42)	2,845,600		2,845,600	(2,845,600)
Class B exchanged for class A (in Shares)	420,325	(420,325)
Net Income (loss)				(3,841,171)	(3,841,171)		(3,841,171)
Balance at Sep. 30, 2024	$ 696	$ 138	$ 21,864,561	$ (28,291,213)	$ (6,425,818)	$ 30,560,814	$ 24,134,996
Balance (in Shares) at Sep. 30, 2024	6,957,334	1,379,675

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities:
Net income	$ (9,172,468)	$ 3,934,479
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, and amortization expense	1,506,242	1,285,830
Accretion of asset retirement obligations	83,926	809,423
Equity-based compensation	1,516,963
Deferred income tax benefit	(2,404,979)
Amortization of operating lease right-of-use assets		(448)
Amortization of debt issuance costs	1,982,958	3,334
Gain on extinguishment of liabilities	(1,720,000)
Change in fair value of unsettled derivatives	(326,508)	(226,338)
Change in fair value of warrant liability	484,799
Change in fair value of forward purchase agreement	4,534,766
Change in other property, plant, and equipment, net		83,004
Loss on sale of assets		816,011
Changes in operating assets and liabilities:
Accounts receivable	132,340	(198,571)
Prepaid expenses and other assets	177,793	(53,155)
Related party note receivable interest income		(266,771)
Accounts payable	1,787,285	626,309
Accrued liabilities and other	3,028,687	325,992
Royalties payable	1,510,124	364,404
Royalties payable, related party	224,434	808,329
Net cash provided by operating activities	3,346,362	8,311,832
Investing activities:
Development of crude oil and gas properties	(3,275,667)	(4,867,872)
Purchases of other equipment	(20,000)
Trust Account withdrawals
Issuance of related party note receivable		(190,997)
Net cash used in investing activities	(3,295,667)	(5,058,869)
Financing activities:
Repayments of long-term debt	(2,945,312)	(2,000,000)
Proceeds of short-term notes payable	967,500
Repayment of short-term notes payable	(421,963)
Proceeds from related party notes payable	450,000
Repayment of related party notes payable	(43,750)
Proceeds from sale of common stock	1,184,272
Net cash provided by financing activities	(809,253)	(2,000,000)
Net change in cash and cash equivalents	(758,558)	1,252,963
Cash and cash equivalents at beginning of period	3,505,454	2,016,315
Cash and cash equivalents at end of period	2,746,896	3,269,278
Cash paid during the period for:
Interest on debt	3,489,041	1,509,755
Income taxes
Amounts included in the measurement of operating lease liabilities		56,625
Supplemental disclosure of non-cash investing and financing activities:
Exchange of Class B Units for Class A Common stock	2,845,600
Accrued purchases of property and equipment at period end	$ 1,405,550	$ 1,740,662

Description of Organization and

Description of Organization and Business Operations	9 Months Ended
	Sep. 30, 2024
Description of Organization and Business Operations [Abstract]
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1 — DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Organization and General EON Resources, Inc. (formerly HNR Acquisition Corp) (the “Company”) was incorporated in Delaware on December 9, 2020. The Company was a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, or the “Securities Act,” as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). On September 16, 2024, the Company filed a Certificate of Amendment (the “Certificate of Amendment”) to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to change the Company’s name from “HNR Acquisition Corp” to “EON Resources Inc.”, effective on September 17, 2024. The registration statement for the Company’s IPO was declared effective on February 10, 2022 (the “Effective Date”). On February 15, 2022, the Company consummated the IPO of 7,500,000 units (the “Units” and, with respect to the common stock included in the Units sold, the “Public Shares”), at $10.00 per Unit. Additionally, the underwriter fully exercised its option to purchase 1,125,000 additional Units. Simultaneously with the closing of the IPO, the Company consummated the sale of 505,000 units (the “Private Placement Units”) at a price of $10.00 per unit generating proceeds of $5,050,000 in a private placement to HNRAC Sponsors, LLC, the Company’s sponsor (the “Sponsor”) and EF Hutton (formerly Kingswood Capital Markets) (“EF Hutton”). The Sponsor and other parties, purchased, in the aggregate, 505,000 units (“Private Placement Units”) at a price of $10.00 per Private Placement Unit in a private placement which included a share of common stock and warrant to purchase three quarters of one share of common stock at an exercise price of $11.50 per share, subject to certain adjustments (“Private Placement Warrants” and together, the “Private Placement”) that occurred immediately prior to the Public Offering. Effective November 15, 2023, the Company completed its business combination as described in Note 3. Through its subsidiary Pogo Resources, LLC, a Texas limited liability Company “(“Pogo” or “Pogo Resources”) and its subsidiary LH Operating, LLC, a Texas limited liability company “(“LHO”), the Company is an independent oil and natural gas company focused on the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin. The Permian Basin is located in west Texas and southeastern New Mexico and is characterized by high oil and liquids-rich natural gas content, multiple vertical and horizontal target horizons, extensive production histories, long-lived reserves and historically high drilling success rates. The Company’s properties are in the Grayburg-Jackson Field in Eddy County, New Mexico, which is a sub-area of the Permian Basin. The Company focuses exclusively on vertical development drilling. Inflation Reduction Act of 2022 On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR Act provides for, among other things, a new U.S. federal 1% excise tax on certain repurchases (including redemptions) of stock by publicly traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023. The excise tax is imposed on the repurchasing corporation itself, not its stockholders from which shares are repurchased. The amount of the excise tax is generally 1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the excise tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the excise tax. The U.S. Department of the Treasury (the “Treasury”) has been given authority to provide regulations and other guidance to carry out and prevent the abuse or avoidance of the excise tax. Any redemption or other repurchase that occurs after December 31, 2022, in connection with a Business Combination, extension vote or otherwise, may be subject to the excise tax. Whether and to what extent the Company would be subject to the excise tax in connection with a Business Combination, extension vote or otherwise would depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection with the Business Combination, extension or otherwise, (ii) the structure of a Business Combination, (iii) the nature and amount of any “PIPE” or other equity issuances in connection with a Business Combination (or otherwise issued not in connection with a Business Combination but issued within the same taxable year of a Business Combination) and (iv) the content of regulations and other guidance from the Treasury. In addition, because the excise tax would be payable by the Company and not by the redeeming holder, the mechanics of any required payment of the excise tax have not been determined. The foregoing could cause a reduction in the cash available on hand to complete a Business Combination and in the Company’s ability to complete a Business Combination. On May 11, 2023, in connection with the stockholder vote for the amendment to the Company’s certificate of incorporation, a total of 4,115,597 Public Shares for an aggregate redemption amount of $43,318,207 were redeemed from the Trust Account by the stockholders of the Company. On November 15, 2023, a total of 3,323,707 Public Shares were redeemed for an aggregate redemption amount of $12,346,791. As a result of these redemptions of common stock, the Company recognized an estimated liability for the excise tax of $474,837, included in Accrued liabilities and other Going Concern Considerations At September 30, 2024, the Company had $2,746,896, in cash and a working capital deficit of $38,801,444. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. The Company had positive cash flow from operations of $3,346,362 for the nine months ended September 30, 2024 and $8,675,037 for the year ended December 31, 2023, on a pro forma basis of the combined Successor and Predecessor periods. Additionally, management’s plans to alleviate this substantial doubt by improving profitability through streamlining costs, maintaining active hedge positions for its proven reserve production, and the issuance of additional shares of Class A common stock under the Common Stock Purchase Agreement. The Company has a three-year Common Stock Purchase Agreement with a maximum funding limit of $150,000,000 that can fund the Company operations and production growth, and be used to reduce liabilities of the Company, subject to the Company’s Form S-1 Registration Statement, which was declared effective by the Securities and Exchange Commission (“SEC”) on August 9, 2024. Through September 30, 2024, the Company has received $1,184,272 in cash proceeds related to the sale of 1,000,000 shares of common stock under the Common Stock Purchase Agreement. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation: On November 15, 2023 (the “Closing Date”), the Company consummated a business combination which resulted in the acquisition of Pogo Resources, LLC, a Texas limited liability Company (“Pogo” or “Pogo Resources”) and its subsidiary LH Operating, LLC, a Texas limited liability company (“LHO”, and collectively, the “Pogo Business”) (the “Acquisition”). The Company was deemed the accounting acquirer in the Acquisition based on an analysis of the criteria outlined in Accounting Standards Codification (“ASC”) 805, Business Combinations, and the Pogo Business was deemed to be the Predecessor entity. Accordingly, the historical consolidated financial statements of the Pogo Business became the historical financial statements of the Company’s upon consummation of the Acquisition. As a result, the financial statements included in this report reflect (i) the historical operating results of Pogo Business prior to the Acquisition (“Predecessor”) and (ii) the combined results of the companies, including Pogo Business following the closing of the Acquisition (“Successor”). The accompanying financial statements include a Predecessor period, which was the three and nine months ended September 30, 2023, and Successor period for the three and nine months ended September 30, 2024. As a result of the Acquisition, the results of operations, financial position and cash flows of the Predecessor and Successor may not be directly comparable. A black-line between the Successor and Predecessor periods has been placed in the consolidated financial statements and in the tables to the notes to the consolidated financial statements to highlight the lack of comparability between these two periods as the Acquisition resulted in a new basis of accounting for the Pogo Business. See Note 3 for additional information. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Condensed Form 10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the period presented. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K as filed with the SEC on May 2, 2024. The interim results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024 or for any future periods. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Emerging Growth Company: Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions reflected in the financial statements include: i) estimates of proved reserves of oil and natural gas, which affect the calculation of depletion, depreciation, and amortization (“DD&A”) and impairment of proved oil and natural gas properties, ii) impairment of undeveloped properties and other assets, iii) depreciation of property and equipment; and iv) the valuation of commodity derivative instruments. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ materially from management’s estimates using different assumptions or under different conditions. Future production may vary materially from estimated oil and natural gas proved reserves. Actual future prices may vary significantly from price assumptions used for determining proved reserves and for financial reporting. Net Income (Loss) Per Share: Net income (loss) per share of common stock is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of shares of common stock outstanding during the period, excluding shares of common stock subject to forfeiture. The Company’s Class B Common shares do not have economic rights to the undistributed earnings of the Company, and are not considered participating securities under ASC 260. As such, they are excluded from the calculation of net income (loss) per common share. The Company has not considered the effect of the warrants sold in the Initial Public Offering and private placement warrants to purchase an aggregate of 6,847,500 shares and warrants to purchase 4,413,000 shares issued in connection with Private Notes Payable in the calculation of diluted income per share, since the effective of those instruments would be anti-dilutive. As a result, diluted income (loss) per share of common stock is the same as basic loss per share of common stock for the period presented. Cash The Company considers all cash on hand, depository accounts held by banks, money market accounts and investments with an original maturity of three months or less to be cash equivalents. The Company’s cash and cash equivalents are held in financial institutions in amounts that exceed the insurance limits of the Federal Deposit Insurance Corporation. The Company believes its counterparty risks are minimal based on the reputation and history of the institutions selected. Accounts Receivable Accounts receivable consist of receivables from crude oil and natural gas purchasers and are generally uncollateralized. Accounts receivables are typically due within 30 to 60 days of the production date and 30 days of the billing date and are stated at amounts due from purchasers and industry partners. Amounts are considered past due if they have been outstanding for 60 days or more. No interest is typically charged on past due amounts. The Company reviews its need for an allowance for doubtful accounts on a periodic basis and determines the allowance, if any, by considering the length of time past due, previous loss history, future net revenues associated with the debtor’s ownership interest in oil and natural gas properties operated by the Company and the debtor’s ability to pay its obligations, among other things. The Company believes its accounts receivable are fully collectible. Accordingly, no allowance for doubtful accounts has been provided. As of September 30, 2024 and December 31, 2023, the Company had approximately 99% and 96% of accounts receivable with two customers, respectively. Crude Oil and Natural Gas Properties The Company accounts for its crude oil and natural gas properties under the successful efforts method of accounting. Under this method, costs of proved developed producing properties, successful exploratory wells and developmental dry hole costs are capitalized. Internal costs that are directly related to acquisition and development activities, including salaries and benefits, are capitalized. Internal costs related to production and similar activities are expensed as incurred. Capitalized costs are depleted by the unit-of-production method based on estimated proved developed producing reserves. The Company calculates quarterly depletion expense by using the estimated prior period-end reserves as the denominator. The process of estimating and evaluating crude oil and natural gas reserves is complex, requiring significant decisions in the evaluation of available geological, geophysical, engineering, and economic data. The data for a given property may also change substantially over time because of numerous factors, including additional development activity, evolving production history and a continual reassessment of the viability of production under changing economic conditions. As a result, revisions in existing reserve estimates occur. Capitalized development costs of producing oil and natural gas properties are depleted over proved developed reserves and leasehold costs are depleted over total proved reserves. Upon the sale or retirement of significant portions of or complete fields of depreciable or depletable property, the net book value thereof, less proceeds or salvage value, is recognized as a gain or loss. Exploration costs, including geological and geophysical expenses, seismic costs on unproved leaseholds and delay rentals are expensed as incurred. Exploratory well drilling costs, including the cost of stratigraphic test wells, are initially capitalized, but charged to expense if the well is determined to be economically nonproductive. The status of each in-progress well is reviewed quarterly to determine the proper accounting treatment under the successful efforts method of accounting. Exploratory well costs continue to be capitalized so long as the Company has identified a sufficient quantity of reserves to justify completion as a producing well, is making sufficient progress assessing reserves with economic and operating viability, and the Company remains unable to make a final determination of productivity. If an in-progress exploratory well is found to be economically unsuccessful prior to the issuance of the financial statements, the costs incurred prior to the end of the reporting period are charged to exploration expense. If the Company is unable to make a final determination about the productive status of a well prior to issuance of the financial statements, the costs associated with the well are classified as suspended well costs until the Company has had sufficient time to conduct additional completion or testing operations to evaluate the pertinent geological and engineering data obtained. At the time the Company can make a final determination of a well’s productive status, the well is removed from suspended well status and the resulting accounting treatment is recorded. The Successor recognized depreciation, depletion, and amortization expense totaling $507,626 and $1,506,242 for the three and nine months ended September 30, 2024, respectively, and the Predecessor recognized $426,838 and $1,285,830 for the three and nine months ended September 30, 2023, respectively. Impairment of Oil and Gas Properties Proved oil and natural gas properties are reviewed for impairment when events and circumstances indicate a possible decline in the recoverability of the carrying amount of such property. The Company estimates the expected future cash flows of its oil and natural gas properties and compares the undiscounted cash flows to the carrying amount of the oil and natural gas properties, on a field-by-field basis, to determine if the carrying amount is recoverable. If the carrying amount exceeds the estimated undiscounted future cash flows, the Company will write down the carrying amount of the oil and natural gas properties to estimated fair value. The Company and the Predecessor did not recognize any impairment of oil and natural gas properties in the periods presented. Asset Retirement Obligations The Company recognizes the fair value of an asset retirement obligation (“ARO”) in the period in which it is incurred if a reasonable estimate of fair value can be made. The asset retirement obligation is recorded as a liability at its estimated present value, with an offsetting increase recognized in oil and natural gas properties on the consolidated balance sheets. Periodic accretion of the discounted value of the estimated liability is recorded as an expense in the consolidated statements of operations. Other Property and Equipment, net Other property and equipment are recorded at cost. Other property and equipment are depreciated over its estimated useful life on a straight-line basis. The Company expenses maintenance and repairs in the period incurred. Upon retirements or dispositions of assets, the cost and related accumulated depreciation are removed from the consolidated balance sheet with the resulting gains or losses, if any, reflected in operations. Materials and supplies are stated at the lower of cost or market and consist of oil and gas drilling or repair items such a tubing, casing, and pumping units. These items are primarily acquired for use in future drilling or repair operations and are carried at lower of cost or market. The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If such assets are considered impaired, the impairment to be recorded is measured by the amount by which the carrying amount of the asset exceeds its estimated fair value. The estimated fair value is determined using either a discounted future cash flow model or another appropriate fair value method. Derivative Instruments The Company uses derivative financial instruments to mitigate its exposure to commodity price risk associated with oil prices. The Company’s derivative financial instruments are recorded on the consolidated balance sheets as either an asset or a liability measured at fair value. The Company has elected not to apply hedge accounting for its existing derivative financial instruments, and as a result, the Company recognizes the change in derivative fair value between reporting periods currently in its consolidated statements of operations. The fair value of the Company’s derivative financial instruments is determined using industry-standard models that consider various inputs including: (i) quoted forward prices for commodities, (ii) time value of money and (iii) current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Realized gains and losses from the settlement of derivative financial instruments and unrealized gains and unrealized losses from valuation changes in the remaining unsettled derivative financial instruments are reported in a single line item as a component of revenues in the consolidated statements of operations. Cash flows from derivative contract settlements are reflected in operating activities in the accompanying consolidated statements of cash flows. See Note 4 for additional information about the Company’s derivative instruments. The Company’s credit risk related to derivatives is a counterparties’ failure to perform under derivative contracts owed to the Company. The Company uses credit and other financial criteria to evaluate the credit standing of, and to select, counterparties to its derivative instruments. Although the Company does not obtain collateral or otherwise secure the fair value of its derivative instruments, associated credit risk is mitigated by the Company’s credit risk policies and procedures. The Company has entered into International Swap Dealers Association Master Agreements (“ISDA Agreements”) with its derivative counterparty. The terms of the ISDA Agreements provide the Company and the counterparty with rights of set off upon the occurrence of defined acts of default by either the Company or a counterparty to a derivative, whereby the party not in default may set off all derivative liabilities owed to the defaulting party against all derivative asset receivables from the defaulting party. Product Revenues The Company accounts for sales in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers The Company enters into contracts with customers to sell its oil and natural gas production. Revenue from these contracts is recognized when the Company’s performance obligations under these contracts are satisfied, which generally occurs with the transfer of control of the oil and natural gas to the purchaser. Control is generally considered transferred when the following criteria are met: (i) transfer of physical custody, (ii) transfer of title, (iii) transfer of risk of loss and (iv) relinquishment of any repurchase rights or other similar rights. Given the nature of the products sold, revenue is recognized at a point in time based on the amount of consideration the Company expects to receive in accordance with the price specified in the contract. Consideration under oil and natural gas marketing contracts is typically received from the purchaser one to two months after production. Most of the Company’s oil marketing contracts transfer physical custody and title at or near the wellhead or a central delivery point, which is generally when control of the oil has been transferred to the purchaser. The majority of the oil produced is sold under contracts using market-based pricing, which price is then adjusted for differentials based upon delivery location and oil quality. To the extent the differentials are incurred at or after the transfer of control of the oil, the differentials are included in oil revenues on the statements of operations, as they represent part of the transaction price of the contract. If other related costs are incurred prior to the transfer of control of the oil, those costs are included in production taxes, transportation and processing expenses on the Company’s consolidated statements of operations, as they represent payment for services performed outside of the contract with the customer. The Company’s natural gas is sold at the lease location. Most of the Company’s natural gas is sold under gas purchase agreements. Under the gas purchase agreements, the Company receives a percentage of the net production from the sale of the natural gas and residue gas, less associated expenses incurred by the buyer. The Company does not disclose the value of unsatisfied performance obligations under its contracts with customers as it applies the practical expedient in accordance with ASC 606. The expedient, as described in ASC 606-10-50-14(a), applies to variable consideration that is recognized as control of the product is transferred to the customer. Since each unit of product represents a separate performance obligation, future volumes are wholly unsatisfied, and disclosure of the transaction price allocated to remaining performance obligations is not required. Customers The Company and the Predecessor, respectively, sold 100% of its crude oil and natural gas production to two customers for the nine months ended September 30, 2024 and 2023. Inherent to the industry is the concentration of crude oil, natural gas and natural gas liquids (“NGLs”) sales to a limited number of customers. This concentration has the potential to impact the Company’s overall exposure to credit risk in that its customers may be similarly affected by changes in economic and financial conditions, commodity prices or other conditions. Given the liquidity in the market for the sale of hydrocarbons, the Company believes the loss of any single purchaser, or the aggregate loss of several purchasers, could be managed by selling to alternative purchasers in the operating areas. Warranty Obligations The Company provides an assurance-type warranty that guarantees its products comply with agreed-upon specifications. This warranty is not sold separately and does not convey any additional goods or services to the customer; therefore, the warranty is not considered a separate performance obligation. As the Company typically incurs minimal claims under the warranties, no liability is estimated at the time goods are delivered, but rather at the point of a claim. Other Revenue Other revenue is generated from the fees the Company charges a single customer for the disposal of water, saltwater, brine, brackish water, and other water (collectively, “Water”) into the Company’s water injection system. Revenue recognized under the agreement is variable in nature and primarily based on the volume of Water accepted during the period. Warrant Liabilities The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification ASC 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own common stock, among other conditions for equity classification. This assessment is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding. In accordance with Accounting Standards Codification ASC 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity, the warrants issued in connection with the Private Notes Payable do not meet the criteria for equity classification due to the redemption right whereby the holder may require the Company to settle the warrant in cash 18 months after the closing of the MIPA, and must be recorded as liabilities. The warrants are measured at fair value at inception and at each reporting date in accordance with ASC 820 , Fair Value Measurement Forward Purchase Agreement Valuation The Company has determined that the Forward Purchase Agreement Put Option, including the Maturity Consideration, within the Forward Purchase Agreement is (i) a freestanding financial instrument and (ii) a liability (i.e., an in-substance written put option). This liability was recorded as a liability at fair value on the consolidated balance sheet as of the reporting date in accordance with ASC 480. The fair value of the liability was estimated using a Monte-Carlo Simulation in a risk-neutral framework. Specifically, the future stock price is simulated assuming a Geometric Brownian Motion (“GBM”). For each simulated path, the forward purchase value is calculated based on the contractual terms and then discounted back to present. Finally, the value of the forward is calculated as the average present value over all simulated paths. The model also considered the likelihood of a dilutive offering of common stock. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage (“FDIC”) of $250,000. As of September 30, 2024, the Company’s cash balances exceeded the FDIC limit by $2,404,329. At September 30, 2024, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account. Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company is subject to income tax examinations by major taxing authorities since inception. The Company’s effective tax rate was approximately 18% and 21% for the three and nine months ended September 30, 2024, respectively. FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of September 30, 2024 and December 31, 2023. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties at September 30, 2024 and December 31, 2023. The Company is currently not aware of any issues under review that could result in significant payments, accruals, or material deviation from its position. Prior the closing of the Acquisition, the Predecessor elected to be treated as a partnership for income tax purposes and was not subject to federal, state, or local income taxes. Any taxable income or loss was recognized by the owners. Accordingly, no federal, state, or local income taxes have been reflected in the accompanying consolidated financial statements of the Predecessor. Significant differences may exist between the results of operations reported in these consolidated financial statements and those determined for income tax purposes primarily due to the use of different asset valuation methods for tax purposes. Recent Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280) — Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) — Improvements to Income Tax Disclosures Other than described above, management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

Business Combination

Business Combination	9 Months Ended
	Sep. 30, 2024
Business Combination [Abstract]
BUSINESS COMBINATION	NOTE 3 — BUSINESS COMBINATION The Company entered into that certain Amended and Restated Membership Interest Purchase Agreement, dated as of August 28, 2023 (as amended, the “MIPA”), by and among the Company, HNRA Upstream, LLC, a newly formed Delaware limited liability company which is managed by, and is a subsidiary of, the Company (“OpCo”), and HNRA Partner, Inc., a newly formed Delaware corporation and wholly owned subsidiary of OpCo (“SPAC Subsidiary”, and together with the Company and OpCo, “Buyer” and each a “Buyer”), CIC Pogo LP, a Delaware limited partnership (“CIC”), DenCo Resources, LLC, a Texas limited liability company (“DenCo”), Pogo Resources Management, LLC, a Texas limited liability company (“Pogo Management”), 4400 Holdings, LLC, a Texas limited liability company (“4400” and, together with CIC, DenCo and Pogo Management, collectively, “Seller” and each a “Seller”), and, solely with respect to Section 6.20 of the MIPA, the Sponsor. On November 15, 2023 (the “Closing Date”), as contemplated by the MIPA: ● The Company filed a Second Amended and Restated Certificate of Incorporation (the “Second A&R Charter”) with the Secretary of State of the State of Delaware, pursuant to which the number of authorized shares of the Company’s capital stock, par value $0.0001 per share, was increased to 121,000,000 shares, consisting of (i) 100,000,000 shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), (ii) 20,000,000 shares of Class B common stock, par value $0.0001 per share (the “Class B Common Stock”), and (iii) 1,000,000 shares of preferred stock, par value $0.0001 per share; ● The current shares of common stock of the Company were reclassified as Class A Common Stock, and a new class of common stock (the Class B Common Stock) was created, which have no economic rights but entitle its holder to one vote on all matters to be voted on by stockholders generally, holders of shares of Class A Common Stock and shares of Class B Common Stock will vote together as a single class on all matters presented to our stockholders for their vote or approval, except as otherwise required by applicable law or by the Second A&R Charter; ● (A) the Company contributed to OpCo (i) all of its assets (excluding its interests in OpCo and the aggregate amount of cash required to satisfy any exercise by the Company’s stockholders of their Redemption Rights (as defined below)) and (ii) 2,000,000 newly issued shares of Class B Common Stock (such shares, the “Seller Class B Shares”) and (B) in exchange therefor, OpCo issued to the Company a number of Class A common units of OpCo (the “OpCo Class A Units”) equal to the number of total shares of Class A Common Stock issued and outstanding immediately after the closing (the “Closing”) of the transactions (the “Transactions”) contemplated by the Company (following the exercise by the Company’s stockholders of their Redemption Rights) (such transactions, the “SPAC Contribution”); ● Immediately following the SPAC Contribution, OpCo contributed $900,000 to SPAC Subsidiary in exchange for 100% of the outstanding common stock of SPAC Subsidiary (the “SPAC Subsidiary Contribution”); and ● Immediately following the SPAC Subsidiary Contribution, Seller sold, contributed, assigned, and conveyed to (A) OpCo, and OpCo acquired and accepted from Seller, ninety-nine percent (99.0%) of the outstanding membership interests of Pogo Resources, LLC, a Texas limited liability company (“Pogo” or the “Target”), and (B) SPAC Subsidiary, and SPAC Subsidiary purchased and accepted from Seller, one percent (1.0%) of the outstanding membership interest of Target (together with the ninety-nine (99.0%) interest, the “Target Interests”), in each case, in exchange for (x) $900,000 of the Cash Consideration (as defined below) in the case of SPAC Subsidiary and (y) the remainder of the Aggregate Consideration (as defined below) in the case of OpCo (such transactions, together with the SPAC Contribution and SPAC Subsidiary Contribution, the “Acquisition”). The “Aggregate Consideration” for the Pogo Business was (a) cash in the amount of $31,074,127 in immediately available funds (the “Cash Consideration”), (b) 2,000,000 Class B common units of OpCo (“OpCo Class B Units”) (the “Common Unit Consideration”), which will be equal to and exchangeable into 2,000,000 shares of Class A Common Stock issuable upon exercise of the OpCo Exchange Right (as defined below), as reflected in the amended and restated limited liability company agreement of OpCo that became effective at Closing (the “A&R OpCo LLC Agreement”), (c) the 2,000,000 Seller Class B Shares, (d) $15,000,000 payable through a promissory note to Seller (the “Seller Promissory Note”), (e) 1,500,000 preferred units of OpCo (the “OpCo Preferred Units” and together with the Opco Class A Units and the OpCo Class B Units, the “OpCo Units”) of OpCo (the “Preferred Unit Consideration”, and, together with the Common Unit Consideration, the “Unit Consideration”), and (f) an agreement to, on or before November 21, 2023, Buyer to settle and pay to Seller $1,925,873 from sales proceeds received from oil and gas production attributable to Pogo, including pursuant to its third party contract with affiliates of Chevron. At Closing, 500,000 Seller Class B Shares (the “Escrowed Share Consideration”) were placed in escrow for the benefit of Buyer pursuant to an escrow agreement and the indemnity provisions in the MIPA. The Aggregate Consideration is subject to adjustment in accordance with the MIPA. OpCo A&R LLC Agreement In connection with the Closing, the Company and Pogo Royalty, LLC, a Texas limited liability company, an affiliate of Seller and Seller’s designated recipient of the Aggregate Consideration (“Pogo Royalty”), entered into an amended and restated limited liability company agreement of OpCo (the “OpCo A&R LLC Agreement”). Pursuant to the A&R OpCo LLC Agreement, each OpCo unitholder (excluding the Company) will, subject to certain timing procedures and other conditions set forth therein, have the right(the “OpCo Exchange Right”) to exchange all or a portion of its OpCo Class B Units for, at OpCo’s election,(i) shares of Class A Common Stock at an exchange ratio of one share of Class A Common Stock for each OpCo Class B Unit exchanged, subject to conversion rate adjustments for stock splits, stock dividends and reclassifications and other similar transactions, or (ii) an equivalent amount of cash. Additionally, the holders of OpCo Class B Units will be required to exchange all of their OpCo Class B Units (a “Mandatory Exchange”) upon the occurrence of the following: (i) upon the direction of the Company with the consent of at least fifty percent (50%) of the holders of OpCo Class B Units; or (ii) upon the one-year anniversary of the Mandatory Conversion Trigger Date. In connection with any exchange of OpCo Class B Units pursuant to the OpCo Exchange Right or acquisition of OpCo Class B Units pursuant to a Mandatory Exchange, a corresponding number of shares of Class B Common Stock held by the relevant OpCo unitholder will be cancelled. Immediately upon the Closing, Pogo Royalty exercised the OpCo Exchange Right as it relates to 200,000 OpCo Class B units (and 200,000 shares of Class B Common Stock). The OpCo Preferred Units will be automatically converted into OpCo Class B Units on the two-year anniversary of the issuance date of such OpCo Preferred Units (the “Mandatory Conversion Trigger Date”) at a rate determined by dividing (i) $20.00 per unit (the “Stated Conversion Value”), by (ii) the Market Price of the Class A Common Stock, (the “Conversion Price”). The “Market Price” means the simple average of the daily VWAP of the Class A Common Stock during the five (5) trading days prior to the date of conversion. On the Mandatory Conversion Trigger Date, the Company will issue a number of shares of Class B Common Stock to Seller equivalent to the number of OpCo Class B Units issued to Seller. If not exchanged sooner, such newly issued OpCo Class B Units shall automatically exchange into Class A Common Stock on the one-year anniversary of the Mandatory Conversion Trigger Date at a ratio of one OpCo Class B Unit for one share of Class Common Stock. An equivalent number of shares of Class B Common Stock must be surrendered with the OpCo Class B Units to the Company in exchange for the Class A Common Stock. As noted above, the OpCo Class B Units must be exchanged upon the one-year anniversary of the Mandatory Conversion Trigger Date. Option Agreement In connection with the Closing, HNRA Royalties, LLC, a newly formed Delaware limited liability company and wholly-owned subsidiary of the Company (“HNRA Royalties”) and Pogo Royalty entered into an Option Agreement (the “Option Agreement”). Pogo Royalty owns certain overriding royalty interests in certain oil and gas assets owned by Pogo Resources, LLC (the “ORR Interest”). Pursuant to the Option Agreement, Pogo Royalty granted irrevocable and exclusive option to HNRA Royalties to purchase the ORR Interest for the Option Price (as defined below) at any time prior to November 15, 2024. The option is not exercisable while the Seller Promissory Note is outstanding. The purchase price for the ORR Interest upon exercise of the option is: (i) (1) $30,000,000 the (“Base Option Price”), plus (2) an additional amount equal to interest on the Base Option Price of twelve percent (12%), compounded monthly, from the Closing Date through the date of acquisition of the ORR Interest, minus (ii) any amounts received by Pogo Royalty in respect of the ORR Interest from the month of production in which the effective date of the Option Agreement occurs through the date of the exercise of the option (such aggregate purchase price, the “Option Price”). The Option Agreement and the option will immediately terminate upon the earlier of (a) Pogo Royalty’s transfer or assignment of all of the ORR Interest in accordance with the Option Agreement and (b) November 15, 2024. As consideration for the Option Agreement, the Company issued 10,000 shares of Class A common stock to Pogo Royalty with a fair value of $67,700. Pogo Royalty obtained the ORR Interest effective July 1, 2023, when the Predecessor transferred to Pogo Royalty an assigned and undivided royalty interest equal in amount to ten percent (10%) of the Predecessors’ interest all oil, gas and minerals in, under and produced from each lease. The Predecessor recognized a loss on sale of assets of $816,011 in connection with this transaction. Backstop Agreement In connection with the Closing, the Company entered a Backstop Agreement (the “Backstop Agreement”) with Pogo Royalty and certain of the Company’s founders listed therein (the “Founders”) whereby Pogo Royalty will have the right (“Put Right”) to cause the Founders to purchase Seller’s OpCo Preferred Units at a purchase price per unit equal to $10.00 per unit plus the product of (i) the number of days elapsed since the effective date of the Backstop Agreement and (ii) $10.00 divided by 730. Seller’s right to exercise the Put Right will survive for six (6) months following the date the Trust Shares (as defined below) are not restricted from transfer under the Letter Agreement (as defined in the MIPA) (the “Lockup Expiration Date”). As security that the Founders will be able to purchase the OpCo Preferred Units upon exercise of the Put Right, the Founders agreed to place at least 1,300,000 shares of Class A Common Stock into escrow (the “Trust Shares”), which the Founders can sell or borrow against to meet their obligations upon exercise of the Put Right, with the prior consent of Seller. The Company is not obligated to purchase the OpCo Preferred Units from Pogo Royalty under the Backstop Agreement. Until the Backstop Agreement is terminated, Pogo Royalty and its affiliates are not permitted to engage in any transaction which is designed to sell short the Class A Common Stock or any other publicly traded securities of the Company. Founder Pledge Agreement In connection with the Closing, the Company entered a Founder Pledge Agreement (the “Founder Pledge Agreement”) with the Founders whereby, in consideration of placing the Trust Shares into escrow and entering into the Backstop Agreement, the Company agreed: (a) by January 15, 2024, to issue to the Founders an aggregate number of newly issued shares of Class A Common Stock equal to 10% of the number of Trust Shares; (b) by January 15, 2024, to issue to the Founders number of warrants to purchase an aggregate number of shares of Class A Common Stock equal to 10% of the number of Trust Shares, which such warrants shall be exercisable for five years from issuance at an exercise price of $11.50 per shares; (c) if the Backstop Agreement is not terminated prior to the Lockup Expiration Date, to issue an aggregate number of newly issued shares of Class A Common Stock equal to (i) (A) the number of Trust Shares, divided by multiplied by minus The Acquisition was accounted for as a business combination under ASC 805. The preliminary purchase price of the Pogo Business has been allocated to the assets acquired and liabilities assumed based on their estimated relative fair values. The purchase price allocations herein are preliminary. The final purchase price allocations for the Acquisition will be determined after completion of a thorough analysis to determine the fair value of all assets acquired and liabilities assumed but in no event later than one year following the closing date of the Acquisition. Accordingly, the final acquisition accounting adjustments could differ materially from the accounting adjustments included in these consolidated financial statements. Any increase or decrease in the fair value of the assets acquired and liabilities assumed, as compared to the information shown herein, could also change the portion of purchase price allocable to goodwill and could impact the operating results of the Company following the Acquisition due to differences in purchase price allocation, depreciation and amortization related to some of these assets and liabilities. Purchase Price: Cash $ 31,074,127 Side Letter payable 1,925,873 Promissory note to Sellers of Pogo Business 15,000,000 10,000 Company Class A Common shares for Option Agreement 67,700 200,000 Company Class A Common shares 1,354,000 1,800,000 OpCo Class B Units 12,186,000 1,500,000 OpCo Preferred Units 21,220,594 Total purchase consideration $ 82,828,294 Purchase Price Allocation Cash $ 246,323 Accounts receivable 3,986,559 Prepaid expenses 368,371 Oil & gas reserves 93,809,392 Derivative assets 51,907 Accounts payable (2,290,475 ) Accrued liabilities and other (1,244,633 ) Revenue and royalties payable (775,154 ) Revenue and royalties payable, related parties (1,199,420 ) Short-term derivative liabilities (27,569 ) Deferred tax liabilities (8,528,772 ) Asset retirement obligations, net (893,235 ) Other liabilities (675,000 ) Net assets acquired $ 82,828,294 As of September 30, 2024, the Company owes $645,873 of the Side Letter payable, included in accrued expenses and other current liabilities on the consolidated balance sheet. Effective June 20, 2024, the Company and the Seller entered into a settlement agreement and Release (the “Settlement Agreement”). Under the Settlement Agreement, and in settlement of the working capital provisions of the Amended MIPA, the Seller agreed to waive all rights and claims to the amount of royalties payable under the ORRI as of December 31, 2023, totaling $1,500,000 and agreed to pay certain amounts related to vendor payable claims assumed by the Company at Closing totaling $ 220,00 Unaudited Pro Forma Financial Information The following table sets forth the pro-forma consolidated results of operations of the combined Successor Predecessor companies for the three and nine months ended September 30, 2023 as if the Acquisition occurred on January 1, 2023. The pro forma results of operations are presented for informational purposes only and are not indicative of the results of operations that would have been achieved if the acquisitions had taken place on the dates noted above, or of results that may occur in the future. Three Months Nine Months Revenue $ 4,621,375 $ 17,883,362 Operating income (loss) (1,058,877 ) 637,518 Net income (loss) (3,617,495 ) (5,654,484 ) Net income (loss) per common share $ (0.70 ) (1.10 ) Weighted Average common shares outstanding 5,145,446 5,145,446

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2024
Derivatives [Abstract]
DERIVATIVES	NOTE 4 — DERIVATIVES Derivative Activities The Company is exposed to volatility in market prices and basis differentials for natural gas, oil and NGLs, which impacts the predictability of its cash flows related to the sale of those commodities. These risks are managed by the Company’s use of certain derivative financial instruments. The Company has historically used crude diff swaps, fixed price swaps, and costless collars. As of September 30, 2024, the Company’s derivative financial instruments consisted of costless collars and crude diff swaps, which are described below: Costless Collars Arrangements that contain a fixed floor price (“purchased put option”) and a fixed ceiling price (“sold call option”) based on an index price which, in aggregate, have no net cost. At the contract settlement date, (1) if the index price is higher than the ceiling price, the Company pays the counterparty the difference between the index price and ceiling price, (2) if the index price is between the floor and ceiling prices, no payments are due from either party, and (3) if the index price is below the floor price, the Company will receive the difference between the floor price and the index price. Additionally, the Company will occasionally purchase an additional call option at a higher strike price than the aforementioned fixed ceiling price. Often this is accomplished in conjunction with the costless collar at no additional cost. If an additional call option is utilized, at the contract settlement date, (1) if the index price is higher than the sold call strike price but lower than the purchased option strike price, then the Company pays the difference between the index price and the sold call strike price, (2) if the index price is higher than the purchased call price, then the Company pays the difference between the purchased call option and the sold call option, and the Company receives payment of the difference between the index price and the purchased option strike price, (3) if the index price is between the purchased put strike price and the sold call strike price, no payments are due from either party, (4) if the index price is below the floor price, the Company will receive the difference between the floor price and the index price. The following table sets forth the derivative volumes by period as of September 30, 2024 for the Company: Price collars Period Volume Weighted Weighted Weighted Q4 2024 9,000 $ 70.00 $ 85.50 $ 85.50 Crude price differential swaps During the year ended December 31, 2023, the Company has entered into commodity swap contracts that are effective over the next 1 to 24 months and are used to hedge against location price risk of the respective commodity resulting from supply and demand volatility and protect cash flows against price fluctuations. The following table reflects the weighted-average price of open commodity swap contracts as of September 30, 2024: Commodity Swaps Weighted Volume average Period (Bbls/month) price ($/Bbl) Q4 2024 2,250 $ 70.89 Q1-Q4 2025 5,000 $ 70.21 Derivative Assets and Liabilities As of September 30, 2024 and December 31, 2023, the Company is conducting derivative activities with one counterparty, which is secured by the lender in the Company’s bank credit facility. The Company believes the counterparty is acceptable credit risk, and the credit worthiness of the counterparty is subject to periodic review. The assets and liabilities are netted given that all positions are held by a single counterparty and subject to a master netting arrangement. The combined fair value of derivatives included in the accompanying consolidated balance sheets as of September 30, 2024 and December 31, 2023 is summarized below. As of September 30, 2024 Gross fair Amounts Net fair Commodity derivatives: Short-term derivative asset $ 631,851 $ (3,338 ) $ 628,513 Long-term derivative asset 165,682 — 165,682 Short-term derivative liability (3,338 ) 3,338 - Long-term derivative liability — - Total derivative liability $ 794,195 As of December 31, 2023 (Successor) Gross fair Amounts Net fair Commodity derivatives: Short-term derivative asset $ 583,035 $ (191,547 ) $ 391,488 Long-term derivative asset 76,199 — 76,199 Short-term derivative liability (191,547 ) (191,547 ) — Long-term derivative liability — — — Total derivative asset $ 467,687 The effects of the Company’s derivatives on the consolidated statements of operations are summarized below: Three Nine Three Nine Successor Predecessor Total gain (loss) on unsettled derivatives $ 2,008,631 $ 326,508 $ (835,360 ) $ 226,338 Total gain (loss) on settled derivatives (107,969 ) (506,571 ) (600,740 ) (899,395 ) Net gain (loss) on derivatives $ 1,900,662 $ (180,063 ) $ (1,436,100 ) $ (673,057 )

Long-Term Debt and Notes Payabl

Long-Term Debt and Notes Payable	9 Months Ended
	Sep. 30, 2024
Long-Term Debt and Notes Payable [Abstract]
LONG-TERM DEBT AND NOTES PAYABLE	NOTE 5 — LONG-TERM DEBT AND NOTES PAYABLE The Company’s debt instruments are as follows: September 30, December 31, Senior Secured Term Loan $ 24,735,391 $ 27,680,703 Seller Promissory Note 15,000,000 15,000,000 Merchant Cash Advances 1,019,037 - Private loans 3,875,750 3,469,500 Total 44,630,178 46,150,203 Less: unamortized financing cost (1,046,837 ) (2,147,346 ) Less: current portion including amortization (14,743,263 ) (6,516,651 ) Long-term debt, net of current portion $ 28,840,078 $ 37,486,206 Senior Secured Term Loan Agreement In connection with the Closing, the Company (for purposes of the Loan Agreement, the “Borrower”) and First International Bank & Trust (“FIBT” or “Lender”), OpCo, SPAC Subsidiary, Pogo, and LH Operating, LLC (for purposes of the Loan Agreement, collectively, the “Guarantors” and together with the Borrower, the “Loan Parties”), and FIBT entered into a Senior Secured Term Loan Agreement on November 15, 2023 (the “Loan Agreement”), setting forth the terms of a senior secured term loan facility in an aggregate principal amount of $28,000,000 (the “Term Loan”). Pursuant to the terms of the Term Loan Agreement, the Term Loan was advanced in one tranche on the Closing Date. The proceeds of the Term Loan were used to (a) fund a portion of the purchase price, (b) partially fund a debt service reserve account funded with $2,600,000 at the Closing Date, (c) pay fees and expenses in connection with the purchase and the closing of the Term Loan and (e) other general corporate purposes. The Term Loan accrues interest at a per annum rate equal to the FIBT prime rate plus 6.5% and fully matures on the third anniversary of the Closing Date (“Maturity Date”). Payments of principal and interest will be due on the 15 th The Borrower may elect to prepay all or a portion greater than $1,000,000 of the amounts owed prior to the Maturity Date. In addition to the foregoing, the Borrower is required to prepay the Term Loan with the net cash proceeds of certain dispositions and upon the decrease in value of collateral. On the Closing Date, Borrower deposited $2,600,000 into a Debt Service Reserve Account (the “Debt Service Reserve Account”) and, within 60 days following the Closing Date, Borrower must deposit such additional amounts such that the balance of the Debt Service Reserve Account is equal to $5,000,000 at all times. The Debt Service Reserve Account may be used by Lender at any time and from time to time, in Lender’s sole discretion, to pay (or to supplement Borrower’s payments of) the obligations due under the Term Loan Agreement. As of March 31, 2024, the Company was not in compliance with the Debt Service Reserve Account balance. On April 18, 2024, the Company and FIBT entered into a Second Amendment to Term Loan Agreement (the “Amendment”) effective as of March 31, 2024. Pursuant to the Amendment, the Term Loan Agreement was modified to provide that the Company must, on or before December 31, 2024, deposit funds in a Debt Service Reserve Account (as defined in the Loan Agreement) such that the balance of the account equals $5,000,000 and FIBT waived the provision that such amount had to be deposited within 60 days of the closing date of the Loan Agreement. In addition, the Amendment provides that, if at any time prior to December 31, 2024, the Company or any of its affiliates enter into a sale leaseback transaction with respect to any of its equipment, the Company will deposit an amount equal to the greater of (A) $500,000 or (B) 10% of the proceeds of such transaction into the Debt Service Reserve Account on the effective date of such sale and leaseback transaction. The Term Loan Agreement contains affirmative and restrictive covenants and representations and warranties. The Loan Parties are bound by certain affirmative covenants setting forth actions that are required during the term of the Term Loan Agreement, including, without limitation, certain information delivery requirements, obligations to maintain certain insurance, and certain notice requirements. Additionally, the Loan Parties from time to time will be bound by certain restrictive covenants setting forth actions that are not permitted to be taken during the term of the Term Loan Agreement without prior written consent, including, without limitation, incurring certain additional indebtedness, entering into certain hedging contracts, consummating certain mergers, acquisitions or other business combination transactions, consummating certain dispositions of assets, making certain payments on subordinated debt, making certain investments, entering into certain transactions with affiliates, and incurring any non-permitted lien or other encumbrance on assets. The Term Loan Agreement also contains other customary provisions, such as confidentiality obligations and indemnification rights for the benefit of the Lender. The Company was in compliance with covenants of the Term Loan Agreement as of September 30, 2024. For the nine months ended September 30, 2024, the Company amortized $295,474 to interest expense related to deferred finance costs on the Term Loan Agreement. As of September 30, 2024, the principal balance on the Term Loan was $24,735,391, unamortized financing costs was $741,421 and accrued interest was $177,829. As of December 31, 2023, the principal balance on the Term Loan was $27,680,703, unamortized financing costs was $1,036,895 and accrued interest was $173,004. Pledge and Security Agreement In connection with the Term Loan, FIBT and the Loan Parties entered into a Pledge and Security Agreement on November 15, 2023 (the “Security Agreement”), whereby the Loan Parties granted a senior security interest to FIBT on all assets of the Loan Parties, except certain excluded assets described therein, including, among other things, any interests in the ORR Interest. Guaranty Agreement In connection with the Term Loan, FIBT and the Loan Parties entered into a Guaranty Agreement on November 15, 2023 (the “Guaranty Agreement”), whereby the Guarantors guaranteed payment and performance of all Loan Parties under the Term Loan Agreement. Subordination Agreement In connection with the Term Loan and the Seller Promissory Note, the Lenders, the Sellers and the Company entered into a Subordination Agreement whereby the Sellers cannot require repayment, nor commence any action or proceeding at law or equity against the Company or the Lenders to recover any or all of the unpaid Seller Promissory Note until the Term Loan is repaid in full. Seller Promissory Note In connection with the Closing, OpCo issued the Seller Promissory Note to Pogo Royalty in the principal amount of $15,000,000. The Seller Promissory Note matures on May 15, 2024, bears an interest rate equal 12% per annum, and contains no penalty for prepayment. As the Seller Promissory Note was not repaid in full prior to its stated maturity date, OpCo will owe interest from and after default equal to the lesser of 18% per annum and the highest amount permissible under law, compounded monthly. The Seller Promissory Note is subordinated to the Term Loan as discussed above. Accrued interest on the Seller Promissory Note was $2,293,767 and $277,397 as of September 30, 2024 and December 31, 2023, respectively. As a result of the Subordination Agreement, the Company has classified the Seller Promissory Note as a long-term liability on the consolidated balance sheet. Private Notes Payable Prior to December 31, 2023, the Company entered into various unsecured promissory notes with existing investors of the Company for total principal of $5,434,000 (the “Private Notes Payable”). The Private Notes Payable bear interest at the greater of 15% or the highest rate allowed under law, and have a stated maturity date of the five-year anniversary of the closing of the MIPA. The investors may demand repayment beginning six months after the closing of the MIPA. The investors also received common stock warrants equal to the principal amount funded. Each warrant entitles the holder to purchase three quarters of one share of common stock at a price of $11.50. Each warrant will become exercisable on the closing date of the MIPA and is exercisable through the five-year anniversary of the promissory note agreement date. The warrants also grant the holder a one-time redemption right to require the Company pay the holder in cash equal to $1 per warrant 18 months following the closing of the MIPA, or May 15, 2025. Based on the redemption right present in these warrants, the warrants are accounted for as a liability in accordance with ASC 480 and ASC 815 and a debt discount on the Private Notes Payable, with the changes in fair value of the warrants recognize in the statement of operations. During the nine months ended September 30, 2024, the Company received an additional $450,000 in cash proceeds under unsecured promissory notes with investors with the same terms as those described above. The Company issued an additional 450,000 warrants with an exercise price of $11.50 to these investors in connection with the agreements. There are a total of 5,884,000 warrants issued to these investors. The Company is amortizing the debt discount through a period of nine months from the Closing Date. The Company recognized amortization of debt discount of $1,472,012 during the nine months ended September 30, 2024. Accrued interest on the promissory notes was $143,463 and $158,801 as of September 30, 2024 and December 31, 2023, respectively. Merchant Cash Advances On July 1, 2024, the Company entered into a merchant cash advance agreement with a third party. The Company borrowed $525,000 and received $500,000 in cash proceeds. The Company will repay an aggregate of $756,000 on a weekly basis through March 2025. The difference between the proceeds received and the total repayment was recognized as debt discount, and is amortized through the maturity date. As of September 30, 2024, the remaining balance owed on this advance was $548,100. On July 15, 2024, the Company entered into a subordinated business loan and security agreement with a third party. The Company received cash proceeds of $500,000, and will repay an aggregate of $685,000 to the lender on a weekly basis through February 2025. As of September 30, 2024, the remaining balance owed on this advance was $470,937. As of September 30, 2024, there was $294,133 of unamortized discount related to the merchant cash advances, and the Company recognized $179,367 of amortization of debt discount related to the advances. Future Maturities of Long-term debt The following summarizes the Company’s maturities of debt instruments: Principal Twelve Months Ended: September 30, 2025 $ 15,048,293 September 30, 2026 6,263,296 September 30, 2027 23,318,589 September 30, 2028 — Total $ 44,630,178

Forward Purchase Agrement

Forward Purchase Agrement	9 Months Ended
	Sep. 30, 2024
Forward Purchase Agrement [Abstract]
FORWARD PURCHASE AGREMENT	NOTE 6 — FORWARD PURCHASE AGREMENT Forward Purchase Agreement On November 2, 2023, the Company entered into an agreement with (i) Meteora Capital Partners, LP (“MCP”), (ii) Meteora Select Trading Opportunities Master, LP (“MSTO”), and (iii) Meteora Strategic Capital, LLC (“MSC” and, collectively with MCP and MSTO, “FPA Seller”) (the “Forward Purchase Agreement”) for OTC Equity Prepaid Forward Transactions. For purposes of the Forward Purchase Agreement, the Company is referred to as the “Counterparty”. Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to such terms in the Forward Purchase Agreement. The Forward Purchase Agreement provides for a prepayment shortfall in an amount in U.S. dollars equal to 0.50% of the product of the Recycled Shares and the Initial Price (defined below). FPA Seller in its sole discretion may sell Recycled Shares (i) at any time following November 2, 2023 (the “Trade Date”) at prices greater than the Reset Price or (ii) commencing on the 180th day following the Trade Date at any sales price, in either case without payment by FPA Seller of any Early Termination Obligation until such time as the proceeds from such sales equal 100% of the Prepayment Shortfall (as set forth under the section entitled “Shortfall Sales” in the Forward Purchase Agreement) (such sales, “Shortfall Sales,” and such Shares, “Shortfall Sale Shares”). A sale of Shares is only (a) a “Shortfall Sale,” subject to the terms and conditions herein applicable to Shortfall Sale Shares, when a Shortfall Sale Notice is delivered under the Forward Purchase Agreement, and (b) an Optional Early Termination, subject to the terms and conditions of the Forward Purchase Agreement applicable to Terminated Shares, when an OET Notice is delivered under the Forward Purchase Agreement, in each case the delivery of such notice in the sole discretion of the FPA Seller (as further described in the “Optional Early Termination” and “Shortfall Sales” sections in the Forward Purchase Agreement). Following the Closing, the reset price (the “Reset Price”) will be $10.00; provided that the Reset Price shall be reduced pursuant to a Dilutive Offering Reset immediately upon the occurrence of such Dilutive Offering. The Purchased Amount subject to the Forward Purchase Agreement shall be increased upon the occurrence of a Dilutive Offering Reset to that number of Shares equal to the quotient of (i) the Purchased Amount divided by (ii) the quotient of (a) the price of such Dilutive Offering divided by (b) $10.00. From time to time and on any date following the Trade Date (any such date, an “OET Date”) and subject to the terms and conditions in the Forward Purchase Agreement, FPA Seller may, in its absolute discretion, terminate the Transaction in whole or in part by providing written notice to Counterparty (the “OET Notice”), by the later of (a) the fifth Local Business Day following the OET Date and (b) no later than the next Payment Date following the OET Date, (which shall specify the quantity by which the Number of Shares shall be reduced (such quantity, the “Terminated Shares”)). The effect of an OET Notice shall be to reduce the Number of Shares by the number of Terminated Shares specified in such OET Notice with effect as of the related OET Date. As of each OET Date, Counterparty shall be entitled to an amount from FPA Seller, and the FPA Seller shall pay to Counterparty an amount, equal to the product of (x) the number of Terminated Shares and (y) the Reset Price in respect of such OET Date. The payment date may be changed within a quarter at the mutual agreement of the parties. The “Valuation Date” will be the earlier to occur of (a) the date that is three (3) years after the date of the closing of the Purchase & Sale (the date of the closing of the Purchase & Sale, the “Closing Date”) pursuant to the A&R MIPA, (b) the date specified by FPA Seller in a written notice to be delivered to Counterparty at FPA Seller’s discretion (which Valuation Date shall not be earlier than the day such notice is effective) after the occurrence of any of (w) a VWAP Trigger Event, (x) a Delisting Event, (y) a Registration Failure or (z) unless otherwise specified therein, upon any Additional Termination Event, and (c) the date specified by FPA Seller in a written notice to be delivered to Counterparty at FPA Seller’s sole discretion (which Valuation Date shall not be earlier than the day such notice is effective). The Valuation Date notice will become effective immediately upon its delivery from FPA Seller to Counterparty in accordance with the Forward Share Purchase Agreement. On the “Cash Settlement Payment Date,” which is the tenth Local Business Day immediately following the last day of the Valuation Period, the FPA Seller will remit to the Counterparty an amount equal to the Settlement Amount and will not otherwise be required to return to the Counterparty any of the Prepayment Amount and the Counterparty shall remit to the FPA Seller the Settlement Amount Adjustment; provided, that if the Settlement Amount less the Settlement Amount Adjustment is a negative number and either clause (x) of Settlement Amount Adjustment applies or the Counterparty has elected pursuant to clause (y) of Settlement Amount Adjustment to pay the Settlement Amount Adjustment in cash, then neither the FPA Seller nor the Counterparty shall be liable to the other party for any payment under the Cash Settlement Payment Date section of the Forward Purchase Agreement. The FPA Seller has agreed to waive any redemption rights with respect to any Recycled Shares in connection with the Closing, as well as any redemption rights under the Company’s certificate of incorporation that would require redemption by the Company. Pursuant to the Forward Purchase Agreement, the FPA Seller obtained 50,070 shares (“Recycled Shares”) and such purchase price of $545,356, or $10.95 per share, was funded by the use of HNRA trust account proceeds as a partial prepayment (“Prepayment Amount”), and the FPA Seller may purchase an additional 504,425 additional shares under the Forward Purchase Agreement, for the Forward Purchase Agreement redemption 3 years from the date of the Acquisition (“Maturity Date”). On May 13, 2024, the FPA Seller alleged that the Company is in breach of the Forward Purchase Agreement related to the issuance of the 504,525 additional shares specified in the Forward Purchase Agreement. The Company has not been notified of any formal legal action by the FPA Seller but believes that it has complied with the terms and conditions of the Forward Purchase Agreement. The Maturity Date may be accelerated, at the FPA Sellers’ discretion, if the Company share price trades below $3.00 per share for any 10 trading days during a 30-day consecutive trading-day period or the Company is delisted. The Company’s common stock traded below minimum trading price during the period from November 15, 2023 to December 31, 2023, but no acceleration of the Maturity Date has been executed by the FPA Seller to date. The fair value of the prepayment was $14,257,648 at inception of the agreement, $6,066,324 as of the Closing date and was $6,067,094 as of December 31, 2023, and is included as a reduction of additional paid-in capital on the consolidated statement of stockholders’ equity. The estimated fair value of the Maturity Consideration was $1,704,416 at inception of the agreement and was $5,628,863 as of September 30, 2024. The Company recognized a loss from the change in fair value of the Forward Purchase Agreement of $4,209,294 and $4,534,766 during the three and nine months ended September 30, 2024 respectively.

Stockholders_ Equity

Stockholders’ Equity	9 Months Ended
	Sep. 30, 2024
Stockholders’ Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 7 — STOCKHOLDERS’ EQUITY On November 15, 2023, as contemplated by the MIPA, the Company filed the Second A&R Charter with the Secretary of State of the State of Delaware, pursuant to which the number of authorized shares of HNRA’s capital stock, par value $0.0001 per share, was increased to 121,000,000 shares, consisting of (i) 100,000,000 shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), (ii) 20,000,000 shares of Class B common stock, par value $0.0001 per share (the “Class B Common Stock”), and (iii) 1,000,000 shares of preferred stock, par value $0.0001 per share. As part of the consideration to effect the Acquisition, the Company issued 2,000,000 Class B common shares to the Sellers. Immediately upon the Closing, Pogo Royalty exercised the OpCo Exchange Right as it relates to 200,000 OpCo Class B units (and 200,000 shares of Class B Common Stock), and received 200,000 shares of Class A common stock. During the nine months ended, Pogo Royalty exercises its OpCo Exchange Right related to 420,325 shares of Class B units and received 420,325 shares of Class A Common stock. As a result of the exchange, ta total of $2,845,600 was reclassified from noncontrolling interest to additional paid in capital. As of September 30, 2024, there were 6,957,334 shares of Class A common stock and 1,379,675 shares of Class B common stock outstanding. On March 4, 2024, the Compensation Committee of the Board of Directors approved awards of restricted stock units (“RSU’s”) to various employees, non-employee directors and consultants. Non-employee directors received an aggregate of 224,500 RSU’s, with 112,000 RSU’s vesting over 3 years beginning November 15, 2024, and 112,500 RSU’s fully vesting at November 15, 2024. Employees received a total of 285,000 RSU’s, including 50,000 RSU’s each to the Company’s CEO, CFO and General Counsel pursuant to their employment agreements. A total of 35,000 RSU’s of the employee RSU’s vest immediately, with the remainder over 3 years beginning November 15, 2024. The awards also included 60,000 RSU’s pursuant to the agreement with RMH, Ltd., and 30,000 RSU’s to the Company’s former President. These consultant awards vest on November 15, 2024. The Company estimated the fair value of the RSU’s using the stock price of $1.97 per share on the date of grant. During the nine months ended September 30, 2024, the Company agree to issue 27,963 shares of Class A common stock to officers and employees for shares pledged as collateral on the Company’s Senior Secured Term Loan, which vest immediately. The Company estimated the fair value of the shares using the closing stock price on the date of the grant of $2.01 and recognized stock-based compensation expense of $56,708. During the nine months ended September 30, 2024, the Company issued 75,000 shares of Class A common stock to a consultant, which vest annually over three years. The Company estimated the fair value of the shares using the closing stock price on the date of the grant of $2.06 per share. The Company recognized $17,167 of stock-based compensation expense related to this award. During the nine months ended September 30, 2024, the Company issued 60,000 shares of Class A common stock to the Company’s former CEO pursuant to his termination agreement, which vested immediately. The Company estimated the fair value of the shares using the closing stock price on the date of the grant of $1.80 per share and recognized stock-based compensation expense of $108,000. The Company recognized total stock-based compensation expense of $1,516,933 during the nine months ended September 30, 2024 and expects to recognize an additional $656,453 through December 31, 2026 assuming all awards vest. Common Stock Purchase Agreement On October 17, 2022, the Company entered into a common stock purchase agreement (as amended, the “Common Stock Purchase Agreement”) and a related registration rights agreement (the “White Lion RRA”) with White Lion Capital, LLC, a Nevada limited liability company (“White Lion”). Pursuant to the Common Stock Purchase Agreement, the Company has the right, but not the obligation to require White Lion to purchase, from time to time, up to $150,000,000 in aggregate gross purchase price of newly issued shares of the Company’s common stock, par value $0.0001 per share, subject to certain limitations and conditions set forth in the Common Stock Purchase Agreement. Capitalized terms used but not otherwise defined herein shall have the meaning given to such terms by the Common Stock Purchase Agreement. Subject to the satisfaction of certain customary conditions including, without limitation, the effectiveness of a registration statement registering the shares issuable pursuant to the Common Stock Purchase Agreement, the Company’s right to sell shares to White Lion will commence on the effective date of the registration statement and extend until December 31, 2026. During such term, subject to the terms and conditions of the Common Stock Purchase Agreement, the Company may notify White Lion when the Company exercises its right to sell shares (the effective date of such notice, a “Notice Date”). The number of shares sold pursuant to any such notice may not exceed (i) the lower of (a) $2,000,000 and (b) the dollar amount equal to the product of (1) the Effective Daily Trading Volume (2) the closing price of common stock on the Effective Date (3) 400% and (4) 30%, divided by the closing price of common stock on NYSE American preceding the Notice Date and (ii) a number of shares of common stock equal to the Average Daily Trading Volume multiplied by the Percentage Limit. The purchase price to be paid by White Lion for any such shares will equal 96% of the lowest daily volume-weighted average price of common stock during a period of two consecutive trading days following the applicable Notice Date. The Company will have the right to terminate the Common Stock Purchase Agreement at any time after Commencement, at no cost or penalty, upon three trading days’ prior written notice. Additionally, White Lion will have the right to terminate the Common Stock Purchase Agreement upon three days’ prior written notice to the Company if (i) there is a Fundamental Transaction, (ii) the Company is in breach or default in any material respect of the White Lion RRA, (iii) there is a lapse of the effectiveness, or unavailability of, the Registration Statement for a period of 45 consecutive trading days or for more than an aggregate of 90 trading days in any 365-day period, (iv) the suspension of trading of the common stock for a period of five consecutive trading days, (v) the material breach of the Common Stock Purchase Agreement by the Company, which breach is not cured within the applicable cure period or (vi) a Material Adverse Effect has occurred and is continuing. No termination of the Common Stock Purchase Agreement will affect the registration rights provisions contained in the White Lion RRA. On March 7, 2024, the Company entered into an Amendment No. 1 to Common Stock Purchase Agreement (the “Amendment”) with White Lion. Pursuant to the Amendment, the Company and White Lion agreed to a fixed number of Commitment Shares equal to 440,000 shares of common stock to be issued to White Lion in consideration for commitments of White Lion under the Common Stock Purchase Agreement, which the Company agreed to include all of the Commitment Shares on the Initial Registration Statement filed by the Company. The Company recognized share-based compensation expense of $573,568 related to the Amendment. Finally, pursuant to the Amendment, the Company’s right to sell shares of common stock to White Lion will now extend until December 31, 2026. On June 17, 2024, the Company entered into an Amendment No. 2 to Common Stock Purchase Agreement (the “2nd Amendment”) with White Lion. Pursuant to the 2nd Amendment, the Company and White Lion agreed to amend the process of a Rapid Purchase, whereby the parties will close on the Rapid Purchase on the trading day the notice of the applicable Rapid Purchase is given. The 2nd Amendment, among other things, also removed the maximum number of shares required to be purchased upon notice of a Rapid Purchase, added a limit of 100,000 shares of Common Stock per individual request, and revised the purchase price of a Rapid Purchase to equal the lowest traded price of Common Stock during the one hour following White Lion’s acceptance of the Rapid Purchase for each request. In addition, White Lion agreed that, on any single business day, it shall not publicly resell an aggregate amount of Commitment Shares in an amount that exceeds 7% of the daily trading volume of the Common Stock for such business day, excluding any trades before or after regular trading hours and any block trades. In addition, the Company may, from time to time while a purchase notice is active, issue a Rapid Purchase Notice to White Lion for the purchase of shares (not to exceed 100,000 shares per individual request) at a purchase price equal to the lowest traded price of Common Stock during the one hour following White Lion’s acceptance of the Rapid Purchase for each request, and which the parties will close on the Rapid Purchase on the trading day the notice of the applicable Rapid Purchase is given within two In addition, pursuant to the Amendment, the Company may, from time to time while a Purchase Notice is active, issue a Rapid Purchase Notice to White Lion which the parties will close on the Rapid Purchase within two Business Days of the applicable Rapid Purchase Date. Furthermore, White Lion agreed that, on any single Business Day, it shall not publicly resell an aggregate amount of Commitment Shares in an amount that exceeds 7% of the daily trading volume of the Common Stock for the preceding Business Day. During the nine months ended September 30, 2024, the Company issued 1,000,000 shares under the Common Stock Purchase Agreement for $1,184,272 in net cash proceeds, including 50,000 shares related to $108,485 of cash proceeds not yet received by September 30, 2024. Registration Rights Agreement (White Lion) Concurrently with the execution of the Common Stock Purchase Agreement, the Company entered into the White Lion RRA with the White Lion in which the Company has agreed to register the shares of common stock purchased by White Lion with the SEC for resale within 30 days of the consummation of a business combination. The White Lion RRA also contains usual and customary damages provisions for failure to file and failure to have the registration statement declared effective by the SEC within the time periods specified. The Common Stock Purchase Agreement and the White Lion RRA contain customary representations, warranties, conditions and indemnification obligations of the parties. The representations, warranties and covenants contained in such agreements were made only for purposes of such agreements and as of specific dates, were solely for the benefit of the parties to such agreements and may be subject to limitations agreed upon by the contracting parties.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2024
Fair Value of Financial Instruments [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 8 — FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value Measurement”, approximates the carrying amounts represented on the balance sheet. The Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. Recurring Basis Assets and liabilities measured at fair value on a recurring basis are as follows: Derivatives The Company’s commodity price derivatives primarily represent crude oil collar contracts (some with long calls), fixed price swap contracts and differential swap contracts. The asset and liability measurements for the Company’s commodity price derivative contracts are determined using Level 2 inputs. The asset and liability values attributable to the Company’s commodity price derivatives were determined based on inputs that include, but not limited to, the contractual price of the underlying position, current market prices, crude oil forward curves, discount rates, and volatility factors. The Company had a net derivative asset of $794,195 as of September 30, 2024 and had a net derivative asset of $467,687 as of December 31, 2023. Forward Purchase Agreement The change in fair value of the Forward Purchase Agreement (both the FPA Put Option liability and Fixed Maturity Consideration) is included in other expense, net in the consolidated statements of operations and comprehensive loss. The fair value of the FPA was estimated using a Monte-Carlo Simulation in a risk-neutral framework. Specifically, the future stock price is simulated assuming a Geometric Brownian Motion (“GBM”). For each simulated path, the forward purchase value is calculated based on the contractual terms and then discounted back to present. Finally, the value of the forward is calculated as the average present value over all simulated paths. The Maturity Consideration was also valued as part of this model as the timing of the payment of the Maturity Consideration may be accelerated if the Maturity Date is accelerated. The model also considered the likelihood of a dilutive offering of common stock. The following table represents the weighted average inputs used in calculating the fair value of the prepaid forward contract and the Maturity Consideration as of September 30, 2024 and December 31, 2023: September 30, December 31, Stock price $ 0.82 $ 2.03 Term (in years) 2.13 2.88 Expected volatility 69.9 % 40.7 % Risk-free interest rate 3.58 % 3.96 % Expected dividend yield — % — % The Company estimated the likelihood of a Dilutive Offering at a price of $3.00 per share to be 50% within nine months of September 30, 2024. The Company estimated the likelihood of a Dilutive Offering at a price of $5.00 per share to be 50% within nine months of December 31, 2023. The FPA estimated fair value is considered a level 3 fair value measurement. Warrant Liability Based on the redemption right present in the warrants issued in connection with promissory notes, the warrants are accounted for as a liability in accordance with ASC 480 and ASC 815, with the changes in fair value of the warrants recognize in the statement of operations. The Company valued the warrants using the trading prices of the Public Warrants, which mirror the terms of the note payable warrants. The Company also estimated the fair value of the redemption put using a present value calculation for the time from the Closing Date of the MIPA through the 18-month redemption date and an estimated discount rate of 15%. The initial fair value of the warrant liabilities for warrants issued during the period was $409,834 and was recognized as debt discount. The estimated fair value of the warrants and redemption put was $5,672,604 and $4,777,970 as of September 30, 2024 and December 31, 2023, respectively, and the Company recognized a change in fair value of the warrant liability of a loss of $484,799 during the nine months ended September 30, 2024. The warrant liability estimated fair value is considered a level 3 fair value measurement. Nonrecurring Basis The carrying value of the Company’s financial instruments, consisting of cash, accounts receivable, accounts payable and accrued expenses, approximates their fair value due to the short maturity of such instruments. Financial instruments also consist of debt for which fair value approximates carrying values as the debt bears interest at fixed or variable rates which are reflective of current rates otherwise available to the Company. The Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 9 — RELATED PARTY TRANSACTIONS On May 5, 2022, the Company entered into a Referral Fee and Consulting Agreement (the “Consulting Agreement”) with Alexandria VMA Capital, LLC (“Alexandria”), an entity controlled by Mr. Caravaggio, who became the Company’s CEO on December 17, 2023. Pursuant to the Consulting Agreement, Alexandria provided information and contacts with suitable investments and acquisition candidates for the Company’s initial business combination. In addition, Alexandria provided due diligence, purchasing and negotiating strategy advice, organizational and operational advice, and such other services as requested by the Company. In consideration of the services provided by Alexandria, the Company paid to Alexander Capital a referral fee of $1,800,000 equal to 2% of the total value of the Company’s business combination, with half being paid by the issuance of 89,000 shares of the Company’s Class A Common Stock during the period from November 15, 2023 to December 31, 2023 for the Successor. No gain was recognized on the issuance of these shares for the difference in the fair value of the shares and the $900,000 payable due to the related party nature of the transaction. The remaining $900,000 was reflected as accounts payable. As of September 30, 2024 and December 31, 2023, the Company owes $568,000 and $762,000 of the fee. On January 20, 2023, January 27, 2023, and February 14, 2023, Mr. Caravaggio entered into Private Notes Payable with the Company. Pursuant to the Private Notes Payable, Mr. Caravaggio paid an aggregate amount of $179,000 and received promissory notes in the aggregate principal amount of $179,000, accruing interest at a rate of 15% per annum, and common stock warrants to purchase an aggregate of 179,000 shares of Class A Common Stock of the Company at an exercise price of $11.50 per share. The warrants issued to Mr. Caravaggio are identical to the Public Warrants that are publicly traded on the NYSE American under the symbol “HNRAQ” in all material respects, except that the warrants were not transferable, assignable or salable until 30 days after the Company’s initial business combination. The warrants are exercisable on the same basis as the Public Warrants. On February 14, 2023, the Company entered into a consulting agreement with Donald Orr, the Company’s former President, which became effective upon the closing of the MIPA for a term of three years. Under the agreement, the Company will pay Mr. Orr an initial cash amount of $25,000, an initial award of 30,000 shares of common stock, a monthly payment of $8,000 for the first year of the agreement and $12,000 per month for the remaining two years, and two grants, each consisting of restricted stock units (“RSUs”) calculated by dividing $150,000 by the stock price on the one year and two year anniversary of the initial Business Combination. Each of the RSU awards will vest upon the one year and two-year anniversary of the grants. In the event of termination of Mr. Orr without cause, Mr. Orr will be entitled to 12 months of the monthly payment in effect at that time, and the RSU awards issued to Mr. Orr shall fully vest. The 30,000 RSU’s were approved by the Board and issued in March of 2024. On February 15, 2023, the Company entered into a consulting agreement with Rhône Merchant House, Ltd. (“RMH Ltd”), a company control by the Company’s former Chairman and CEO Donald H. Goree, which became effective upon the closing of the MIPA for a term of three years. Under the agreement, the Company will pay to RMH Ltd an initial cash amount of $50,000, an initial award of 60,000 shares of common stock, a monthly payment of $22,000, and two grants, each consisting of RSUs calculated by dividing $250,000 by the stock price on the one year and two-year anniversary of the initial Business Combination. Each of the RSU awards will vest upon the one year and two-year anniversary of the grants. In the event of termination of RMH Ltd. without cause, RMH Ltd. will be entitled to $264,000, and the RSU awards issued to RMH Ltd. shall fully vest. The 60,000 RSU’s were approved by the Board of Directors and issued in March of 2024. Effective May 6, 2024, the Company and RMH Ltd. entered into a settlement and mutual release agreement pursuant to which the Company paid $100,000 in cash, with $50,000 paid on or before execution and the remaining $50,000 by July 24, 2024. The Company also agreed to issue 150,000 shares of Class A Common Stock subject to a contractual lockup as final consideration under the Consulting Agreement, which was deemed terminated effective May 6, 2024. RMH Ltd’s 60,000 RSU’s were forfeited as part of the agreement. The Company recognized $360,000 of stock-based compensation expense related to the Class A Common Shares. Predecessor In December of 2022, the Predecessor entered into a related party promissory note receivable agreement with an entity controlled by owners of the Company in an amount of $4,000,000. The loan bore interest at a rate equal to that of the rate that the Company pays to borrow funds for its own account plus 0.5%. The loan was retired at the Closing Date by the Sellers.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10 — COMMITMENTS AND CONTINGENCIES Contingencies The Company is a party to various legal actions arising in the ordinary course of its businesses. In accordance with ASC 450, Contingencies, the Company accrues reserves for outstanding lawsuits, claims and proceedings when a loss contingency is probable and can be reasonably estimated. The Company estimates the amount of loss contingencies using current available information from legal proceedings, advice from legal counsel and available insurance coverage. Due to the inherent subjectivity of the assessments and unpredictability of the outcomes of the legal proceedings, any amounts accrued or included in this aggregate amount may not represent the ultimate loss to the Company from the legal proceedings in question. Thus, the Company’s exposure and ultimate losses may be higher, and possibly significantly more, than the amounts accrued. Environmental From time to time, and in the ordinary course of business, the Company may be subject to certain environmental liabilities. Environmental expenditures that relate to an existing condition caused by past operations and have no future economic benefits are expensed. Environmental expenditures that extend the life of the related property or mitigate or prevent future environmental contamination are capitalized. Liabilities for expenditures that will not qualify for capitalization are recorded when environmental assessment and/or remediation is probable, and the costs can be reasonably estimated. Such liabilities are undiscounted unless the timing of cash payments for the liability is fixed or reliably determinable. Environmental liabilities normally involve estimates that are subject to revision until settlement or remediation occurs. As of September 30, 2024 and December 31, 2023, the Company had recorded an environmental remediation liability of $675,000 relating to an oil spill at one of the Company’s producing sites in fiscal year 2017 which is recorded in other liabilities in the consolidated balance sheets. The producing site was subsequently sold in 2019 and the Predecessor indemnified the purchaser for the remediation costs. Management based the remediation liability on the undiscounted cost received from third- party quotes to remediate the spill. As of June 30, 2024, the Company does not believe it is likely remediation will be required in the next five years.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11 — SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the consolidated financial statements were issued. On October 3, 2024, Pogo Royalty Exchanged 879,675 OpCo Class B Units for 1,379,675 shares of Class A Common Stock. As a result, there are 500,000 remaining Class B Common shares outstanding as of this filing. Subsequent to September 30, 2024, the Company has issued 885,000 shares pursuant to the Common Stock Purchase Agreement for net proceeds of $1,280,415. The Company also issued the 27,963 shares to officers related to their pledged shares discussed in Note 7. Subsequent to September 30, 2024, the Company has issued 260,000 Class A Common shares to settle outstanding accrued payables of $260,000 and recognized a loss of approximately $76,000 for the difference in the fair value of the shares issued and the payables balance. On October 18, 2024, the Company entered into a consulting agreement with a third party for financing services on a month to month basis. As compensation for services the Company will pay the consultant a fee of $20,000 per month consisting of $5,000 in cash and $15,000 in Class A common shares based on the average closing price for the last five trading days of the prior calendar month. The consultant earned 5,100 shares for October services which have not yet been issued. On October 18, 2024, the Company issued warrants to purchase 1,200,000 shares of Class A Common shares at an exercise price of $0.75 for a period of two year, to a third party service provider for services provided to the Company. On November 15, 2024, the Company entered into a Confidential Rescission, Settlement, and Release Agreement with the FPA Seller whereby the parties mutually agreed to rescind the Forward Purchase Agreement and related agreements between the parties, which as a result, any transactions, notices or other obligations thereunder are void ab initio

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (3,841,171)	$ (651,152)	$ (9,172,468)	$ 3,934,479

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation: On November 15, 2023 (the “Closing Date”), the Company consummated a business combination which resulted in the acquisition of Pogo Resources, LLC, a Texas limited liability Company (“Pogo” or “Pogo Resources”) and its subsidiary LH Operating, LLC, a Texas limited liability company (“LHO”, and collectively, the “Pogo Business”) (the “Acquisition”). The Company was deemed the accounting acquirer in the Acquisition based on an analysis of the criteria outlined in Accounting Standards Codification (“ASC”) 805, Business Combinations, and the Pogo Business was deemed to be the Predecessor entity. Accordingly, the historical consolidated financial statements of the Pogo Business became the historical financial statements of the Company’s upon consummation of the Acquisition. As a result, the financial statements included in this report reflect (i) the historical operating results of Pogo Business prior to the Acquisition (“Predecessor”) and (ii) the combined results of the companies, including Pogo Business following the closing of the Acquisition (“Successor”). The accompanying financial statements include a Predecessor period, which was the three and nine months ended September 30, 2023, and Successor period for the three and nine months ended September 30, 2024. As a result of the Acquisition, the results of operations, financial position and cash flows of the Predecessor and Successor may not be directly comparable. A black-line between the Successor and Predecessor periods has been placed in the consolidated financial statements and in the tables to the notes to the consolidated financial statements to highlight the lack of comparability between these two periods as the Acquisition resulted in a new basis of accounting for the Pogo Business. See Note 3 for additional information. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Condensed Form 10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the period presented. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K as filed with the SEC on May 2, 2024. The interim results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024 or for any future periods.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Emerging Growth Company	Emerging Growth Company: Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions reflected in the financial statements include: i) estimates of proved reserves of oil and natural gas, which affect the calculation of depletion, depreciation, and amortization (“DD&A”) and impairment of proved oil and natural gas properties, ii) impairment of undeveloped properties and other assets, iii) depreciation of property and equipment; and iv) the valuation of commodity derivative instruments. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ materially from management’s estimates using different assumptions or under different conditions. Future production may vary materially from estimated oil and natural gas proved reserves. Actual future prices may vary significantly from price assumptions used for determining proved reserves and for financial reporting.
Net Income (Loss) Per Share	Net Income (Loss) Per Share: Net income (loss) per share of common stock is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of shares of common stock outstanding during the period, excluding shares of common stock subject to forfeiture. The Company’s Class B Common shares do not have economic rights to the undistributed earnings of the Company, and are not considered participating securities under ASC 260. As such, they are excluded from the calculation of net income (loss) per common share. The Company has not considered the effect of the warrants sold in the Initial Public Offering and private placement warrants to purchase an aggregate of 6,847,500 shares and warrants to purchase 4,413,000 shares issued in connection with Private Notes Payable in the calculation of diluted income per share, since the effective of those instruments would be anti-dilutive. As a result, diluted income (loss) per share of common stock is the same as basic loss per share of common stock for the period presented.
Cash	Cash The Company considers all cash on hand, depository accounts held by banks, money market accounts and investments with an original maturity of three months or less to be cash equivalents. The Company’s cash and cash equivalents are held in financial institutions in amounts that exceed the insurance limits of the Federal Deposit Insurance Corporation. The Company believes its counterparty risks are minimal based on the reputation and history of the institutions selected.
Accounts Receivable	Accounts Receivable Accounts receivable consist of receivables from crude oil and natural gas purchasers and are generally uncollateralized. Accounts receivables are typically due within 30 to 60 days of the production date and 30 days of the billing date and are stated at amounts due from purchasers and industry partners. Amounts are considered past due if they have been outstanding for 60 days or more. No interest is typically charged on past due amounts. The Company reviews its need for an allowance for doubtful accounts on a periodic basis and determines the allowance, if any, by considering the length of time past due, previous loss history, future net revenues associated with the debtor’s ownership interest in oil and natural gas properties operated by the Company and the debtor’s ability to pay its obligations, among other things. The Company believes its accounts receivable are fully collectible. Accordingly, no allowance for doubtful accounts has been provided. As of September 30, 2024 and December 31, 2023, the Company had approximately 99% and 96% of accounts receivable with two customers, respectively.
Crude Oil and Natural Gas Properties	Crude Oil and Natural Gas Properties The Company accounts for its crude oil and natural gas properties under the successful efforts method of accounting. Under this method, costs of proved developed producing properties, successful exploratory wells and developmental dry hole costs are capitalized. Internal costs that are directly related to acquisition and development activities, including salaries and benefits, are capitalized. Internal costs related to production and similar activities are expensed as incurred. Capitalized costs are depleted by the unit-of-production method based on estimated proved developed producing reserves. The Company calculates quarterly depletion expense by using the estimated prior period-end reserves as the denominator. The process of estimating and evaluating crude oil and natural gas reserves is complex, requiring significant decisions in the evaluation of available geological, geophysical, engineering, and economic data. The data for a given property may also change substantially over time because of numerous factors, including additional development activity, evolving production history and a continual reassessment of the viability of production under changing economic conditions. As a result, revisions in existing reserve estimates occur. Capitalized development costs of producing oil and natural gas properties are depleted over proved developed reserves and leasehold costs are depleted over total proved reserves. Upon the sale or retirement of significant portions of or complete fields of depreciable or depletable property, the net book value thereof, less proceeds or salvage value, is recognized as a gain or loss. Exploration costs, including geological and geophysical expenses, seismic costs on unproved leaseholds and delay rentals are expensed as incurred. Exploratory well drilling costs, including the cost of stratigraphic test wells, are initially capitalized, but charged to expense if the well is determined to be economically nonproductive. The status of each in-progress well is reviewed quarterly to determine the proper accounting treatment under the successful efforts method of accounting. Exploratory well costs continue to be capitalized so long as the Company has identified a sufficient quantity of reserves to justify completion as a producing well, is making sufficient progress assessing reserves with economic and operating viability, and the Company remains unable to make a final determination of productivity. If an in-progress exploratory well is found to be economically unsuccessful prior to the issuance of the financial statements, the costs incurred prior to the end of the reporting period are charged to exploration expense. If the Company is unable to make a final determination about the productive status of a well prior to issuance of the financial statements, the costs associated with the well are classified as suspended well costs until the Company has had sufficient time to conduct additional completion or testing operations to evaluate the pertinent geological and engineering data obtained. At the time the Company can make a final determination of a well’s productive status, the well is removed from suspended well status and the resulting accounting treatment is recorded. The Successor recognized depreciation, depletion, and amortization expense totaling $507,626 and $1,506,242 for the three and nine months ended September 30, 2024, respectively, and the Predecessor recognized $426,838 and $1,285,830 for the three and nine months ended September 30, 2023, respectively.
Impairment of Oil and Gas Properties	Impairment of Oil and Gas Properties Proved oil and natural gas properties are reviewed for impairment when events and circumstances indicate a possible decline in the recoverability of the carrying amount of such property. The Company estimates the expected future cash flows of its oil and natural gas properties and compares the undiscounted cash flows to the carrying amount of the oil and natural gas properties, on a field-by-field basis, to determine if the carrying amount is recoverable. If the carrying amount exceeds the estimated undiscounted future cash flows, the Company will write down the carrying amount of the oil and natural gas properties to estimated fair value. The Company and the Predecessor did not recognize any impairment of oil and natural gas properties in the periods presented.
Asset Retirement Obligations	Asset Retirement Obligations The Company recognizes the fair value of an asset retirement obligation (“ARO”) in the period in which it is incurred if a reasonable estimate of fair value can be made. The asset retirement obligation is recorded as a liability at its estimated present value, with an offsetting increase recognized in oil and natural gas properties on the consolidated balance sheets. Periodic accretion of the discounted value of the estimated liability is recorded as an expense in the consolidated statements of operations.
Other Property and Equipment, net	Other Property and Equipment, net Other property and equipment are recorded at cost. Other property and equipment are depreciated over its estimated useful life on a straight-line basis. The Company expenses maintenance and repairs in the period incurred. Upon retirements or dispositions of assets, the cost and related accumulated depreciation are removed from the consolidated balance sheet with the resulting gains or losses, if any, reflected in operations. Materials and supplies are stated at the lower of cost or market and consist of oil and gas drilling or repair items such a tubing, casing, and pumping units. These items are primarily acquired for use in future drilling or repair operations and are carried at lower of cost or market. The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If such assets are considered impaired, the impairment to be recorded is measured by the amount by which the carrying amount of the asset exceeds its estimated fair value. The estimated fair value is determined using either a discounted future cash flow model or another appropriate fair value method.
Derivative Instruments	Derivative Instruments The Company uses derivative financial instruments to mitigate its exposure to commodity price risk associated with oil prices. The Company’s derivative financial instruments are recorded on the consolidated balance sheets as either an asset or a liability measured at fair value. The Company has elected not to apply hedge accounting for its existing derivative financial instruments, and as a result, the Company recognizes the change in derivative fair value between reporting periods currently in its consolidated statements of operations. The fair value of the Company’s derivative financial instruments is determined using industry-standard models that consider various inputs including: (i) quoted forward prices for commodities, (ii) time value of money and (iii) current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Realized gains and losses from the settlement of derivative financial instruments and unrealized gains and unrealized losses from valuation changes in the remaining unsettled derivative financial instruments are reported in a single line item as a component of revenues in the consolidated statements of operations. Cash flows from derivative contract settlements are reflected in operating activities in the accompanying consolidated statements of cash flows. See Note 4 for additional information about the Company’s derivative instruments. The Company’s credit risk related to derivatives is a counterparties’ failure to perform under derivative contracts owed to the Company. The Company uses credit and other financial criteria to evaluate the credit standing of, and to select, counterparties to its derivative instruments. Although the Company does not obtain collateral or otherwise secure the fair value of its derivative instruments, associated credit risk is mitigated by the Company’s credit risk policies and procedures. The Company has entered into International Swap Dealers Association Master Agreements (“ISDA Agreements”) with its derivative counterparty. The terms of the ISDA Agreements provide the Company and the counterparty with rights of set off upon the occurrence of defined acts of default by either the Company or a counterparty to a derivative, whereby the party not in default may set off all derivative liabilities owed to the defaulting party against all derivative asset receivables from the defaulting party.
Product Revenues	Product Revenues The Company accounts for sales in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers The Company enters into contracts with customers to sell its oil and natural gas production. Revenue from these contracts is recognized when the Company’s performance obligations under these contracts are satisfied, which generally occurs with the transfer of control of the oil and natural gas to the purchaser. Control is generally considered transferred when the following criteria are met: (i) transfer of physical custody, (ii) transfer of title, (iii) transfer of risk of loss and (iv) relinquishment of any repurchase rights or other similar rights. Given the nature of the products sold, revenue is recognized at a point in time based on the amount of consideration the Company expects to receive in accordance with the price specified in the contract. Consideration under oil and natural gas marketing contracts is typically received from the purchaser one to two months after production. Most of the Company’s oil marketing contracts transfer physical custody and title at or near the wellhead or a central delivery point, which is generally when control of the oil has been transferred to the purchaser. The majority of the oil produced is sold under contracts using market-based pricing, which price is then adjusted for differentials based upon delivery location and oil quality. To the extent the differentials are incurred at or after the transfer of control of the oil, the differentials are included in oil revenues on the statements of operations, as they represent part of the transaction price of the contract. If other related costs are incurred prior to the transfer of control of the oil, those costs are included in production taxes, transportation and processing expenses on the Company’s consolidated statements of operations, as they represent payment for services performed outside of the contract with the customer. The Company’s natural gas is sold at the lease location. Most of the Company’s natural gas is sold under gas purchase agreements. Under the gas purchase agreements, the Company receives a percentage of the net production from the sale of the natural gas and residue gas, less associated expenses incurred by the buyer. The Company does not disclose the value of unsatisfied performance obligations under its contracts with customers as it applies the practical expedient in accordance with ASC 606. The expedient, as described in ASC 606-10-50-14(a), applies to variable consideration that is recognized as control of the product is transferred to the customer. Since each unit of product represents a separate performance obligation, future volumes are wholly unsatisfied, and disclosure of the transaction price allocated to remaining performance obligations is not required.
Customers	Customers The Company and the Predecessor, respectively, sold 100% of its crude oil and natural gas production to two customers for the nine months ended September 30, 2024 and 2023. Inherent to the industry is the concentration of crude oil, natural gas and natural gas liquids (“NGLs”) sales to a limited number of customers. This concentration has the potential to impact the Company’s overall exposure to credit risk in that its customers may be similarly affected by changes in economic and financial conditions, commodity prices or other conditions. Given the liquidity in the market for the sale of hydrocarbons, the Company believes the loss of any single purchaser, or the aggregate loss of several purchasers, could be managed by selling to alternative purchasers in the operating areas.
Warranty Obligations	Warranty Obligations The Company provides an assurance-type warranty that guarantees its products comply with agreed-upon specifications. This warranty is not sold separately and does not convey any additional goods or services to the customer; therefore, the warranty is not considered a separate performance obligation. As the Company typically incurs minimal claims under the warranties, no liability is estimated at the time goods are delivered, but rather at the point of a claim.
Other Revenue	Other Revenue Other revenue is generated from the fees the Company charges a single customer for the disposal of water, saltwater, brine, brackish water, and other water (collectively, “Water”) into the Company’s water injection system. Revenue recognized under the agreement is variable in nature and primarily based on the volume of Water accepted during the period.
Warrant Liabilities	Warrant Liabilities The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification ASC 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own common stock, among other conditions for equity classification. This assessment is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding. In accordance with Accounting Standards Codification ASC 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity, the warrants issued in connection with the Private Notes Payable do not meet the criteria for equity classification due to the redemption right whereby the holder may require the Company to settle the warrant in cash 18 months after the closing of the MIPA, and must be recorded as liabilities. The warrants are measured at fair value at inception and at each reporting date in accordance with ASC 820 , Fair Value Measurement
Forward Purchase Agreement Valuation	Forward Purchase Agreement Valuation The Company has determined that the Forward Purchase Agreement Put Option, including the Maturity Consideration, within the Forward Purchase Agreement is (i) a freestanding financial instrument and (ii) a liability (i.e., an in-substance written put option). This liability was recorded as a liability at fair value on the consolidated balance sheet as of the reporting date in accordance with ASC 480. The fair value of the liability was estimated using a Monte-Carlo Simulation in a risk-neutral framework. Specifically, the future stock price is simulated assuming a Geometric Brownian Motion (“GBM”). For each simulated path, the forward purchase value is calculated based on the contractual terms and then discounted back to present. Finally, the value of the forward is calculated as the average present value over all simulated paths. The model also considered the likelihood of a dilutive offering of common stock.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage (“FDIC”) of $250,000. As of September 30, 2024, the Company’s cash balances exceeded the FDIC limit by $2,404,329. At September 30, 2024, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.
Income Taxes	Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company is subject to income tax examinations by major taxing authorities since inception. The Company’s effective tax rate was approximately 18% and 21% for the three and nine months ended September 30, 2024, respectively. FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of September 30, 2024 and December 31, 2023. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties at September 30, 2024 and December 31, 2023. The Company is currently not aware of any issues under review that could result in significant payments, accruals, or material deviation from its position. Prior the closing of the Acquisition, the Predecessor elected to be treated as a partnership for income tax purposes and was not subject to federal, state, or local income taxes. Any taxable income or loss was recognized by the owners. Accordingly, no federal, state, or local income taxes have been reflected in the accompanying consolidated financial statements of the Predecessor. Significant differences may exist between the results of operations reported in these consolidated financial statements and those determined for income tax purposes primarily due to the use of different asset valuation methods for tax purposes.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280) — Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) — Improvements to Income Tax Disclosures Other than described above, management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combination [Abstract]
Schedule of Acquisition in Purchase Price Allocation Depreciation and Amortization	Any increase or decrease in the fair value of the assets acquired and liabilities assumed, as compared to the information shown herein, could also change the portion of purchase price allocable to goodwill and could impact the operating results of the Company following the Acquisition due to differences in purchase price allocation, depreciation and amortization related to some of these assets and liabilities. Purchase Price: Cash $ 31,074,127 Side Letter payable 1,925,873 Promissory note to Sellers of Pogo Business 15,000,000 10,000 Company Class A Common shares for Option Agreement 67,700 200,000 Company Class A Common shares 1,354,000 1,800,000 OpCo Class B Units 12,186,000 1,500,000 OpCo Preferred Units 21,220,594 Total purchase consideration $ 82,828,294 Purchase Price Allocation Cash $ 246,323 Accounts receivable 3,986,559 Prepaid expenses 368,371 Oil & gas reserves 93,809,392 Derivative assets 51,907 Accounts payable (2,290,475 ) Accrued liabilities and other (1,244,633 ) Revenue and royalties payable (775,154 ) Revenue and royalties payable, related parties (1,199,420 ) Short-term derivative liabilities (27,569 ) Deferred tax liabilities (8,528,772 ) Asset retirement obligations, net (893,235 ) Other liabilities (675,000 ) Net assets acquired $ 82,828,294
Schedule of the Pro-Forma Consolidated Results of Operations	The pro forma results of operations are presented for informational purposes only and are not indicative of the results of operations that would have been achieved if the acquisitions had taken place on the dates noted above, or of results that may occur in the future. Three Months Nine Months Revenue $ 4,621,375 $ 17,883,362 Operating income (loss) (1,058,877 ) 637,518 Net income (loss) (3,617,495 ) (5,654,484 ) Net income (loss) per common share $ (0.70 ) (1.10 ) Weighted Average common shares outstanding 5,145,446 5,145,446

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2024
Derivatives [Abstract]
Schedule of Derivative Volumes	The following table sets forth the derivative volumes by period as of September 30, 2024 for the Company: Price collars Period Volume Weighted Weighted Weighted Q4 2024 9,000 $ 70.00 $ 85.50 $ 85.50 Commodity Swaps Weighted Volume average Period (Bbls/month) price ($/Bbl) Q4 2024 2,250 $ 70.89 Q1-Q4 2025 5,000 $ 70.21
Schedule of Derivatives Fair Value Included in Consolidated Balance Sheets	The combined fair value of derivatives included in the accompanying consolidated balance sheets as of September 30, 2024 and December 31, 2023 is summarized below. As of September 30, 2024 Gross fair Amounts Net fair Commodity derivatives: Short-term derivative asset $ 631,851 $ (3,338 ) $ 628,513 Long-term derivative asset 165,682 — 165,682 Short-term derivative liability (3,338 ) 3,338 - Long-term derivative liability — - Total derivative liability $ 794,195 As of December 31, 2023 (Successor) Gross fair Amounts Net fair Commodity derivatives: Short-term derivative asset $ 583,035 $ (191,547 ) $ 391,488 Long-term derivative asset 76,199 — 76,199 Short-term derivative liability (191,547 ) (191,547 ) — Long-term derivative liability — — — Total derivative asset $ 467,687
Schedule of Derivatives on the Consolidated Statements of Operations	The effects of the Company’s derivatives on the consolidated statements of operations are summarized below: Three Nine Three Nine Successor Predecessor Total gain (loss) on unsettled derivatives $ 2,008,631 $ 326,508 $ (835,360 ) $ 226,338 Total gain (loss) on settled derivatives (107,969 ) (506,571 ) (600,740 ) (899,395 ) Net gain (loss) on derivatives $ 1,900,662 $ (180,063 ) $ (1,436,100 ) $ (673,057 )

Long-Term Debt and Notes Paya_2

Long-Term Debt and Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2024
Long-Term Debt and Notes Payable [Abstract]
Schedule of Debt Instruments	The Company’s debt instruments are as follows: September 30, December 31, Senior Secured Term Loan $ 24,735,391 $ 27,680,703 Seller Promissory Note 15,000,000 15,000,000 Merchant Cash Advances 1,019,037 - Private loans 3,875,750 3,469,500 Total 44,630,178 46,150,203 Less: unamortized financing cost (1,046,837 ) (2,147,346 ) Less: current portion including amortization (14,743,263 ) (6,516,651 ) Long-term debt, net of current portion $ 28,840,078 $ 37,486,206
Schedule of Summarizes the Company’s Maturities of Debt Instruments	The following summarizes the Company’s maturities of debt instruments: Principal Twelve Months Ended: September 30, 2025 $ 15,048,293 September 30, 2026 6,263,296 September 30, 2027 23,318,589 September 30, 2028 — Total $ 44,630,178

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value of Financial Instruments [Abstract]
Schedule of Fair Value of the Prepaid Forward Contract and the Maturity Consideration	The following table represents the weighted average inputs used in calculating the fair value of the prepaid forward contract and the Maturity Consideration as of September 30, 2024 and December 31, 2023: September 30, December 31, Stock price $ 0.82 $ 2.03 Term (in years) 2.13 2.88 Expected volatility 69.9 % 40.7 % Risk-free interest rate 3.58 % 3.96 % Expected dividend yield — % — %

Description of Organization a_2

Description of Organization and Business Operations (Details) - USD ($)					3 Months Ended	9 Months Ended		12 Months Ended
	Nov. 15, 2023	May 11, 2023	Aug. 16, 2022	Feb. 15, 2022	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Description of Organization and Business Operations [Line Items]
Price per shares (in Dollars per share)							$ 10
Generating proceeds						$ 1,184,272
Exercise price warrants (in Dollars per share)					$ 1	$ 1
Excise tax percentage					18%	21%
Percentage of excise tax of the fair market value						1%
Issuance of public shares (in Shares)		4,115,597				50,000
Aggregate redemption amount		$ 43,318,207
Excise tax	$ 474,837
Cash flow from operations						$ 3,346,362	$ 8,311,832	$ 8,675,037
Agreement amount					$ 150,000,000	$ 150,000,000
Excise Tax Liability [Member]
Description of Organization and Business Operations [Line Items]
Excise tax percentage	1%
Public Shares [Member]
Description of Organization and Business Operations [Line Items]
Redeemed public shares (in Shares)	3,323,707
Aggregate redemption amount	$ 12,346,791
Common Stock [Member]
Description of Organization and Business Operations [Line Items]
Sale of stock units (in Shares)						1,000,000
IPO [Member]
Description of Organization and Business Operations [Line Items]
Shares consummated (in Shares)				7,500,000
Price per unit sold (in Dollars per share)				$ 10
Shares purchased additionally (in Shares)				1,125,000
Sale of stock units (in Shares)						6,847,500
Cash					2,746,896	$ 2,746,896
Working capital deficit					$ 38,801,444	$ 38,801,444
Private Placement [Member]
Description of Organization and Business Operations [Line Items]
Shares consummated (in Shares)					505,000	505,000
Price per unit sold (in Dollars per share)					$ 10	$ 10
Sale of stock units (in Shares)				505,000		4,413,000
Price per shares (in Dollars per share)				$ 10
Generating proceeds				$ 5,050,000
Number of shares issued per unit. (in Shares)						1
Private Placement [Member] | Warrant [Member]
Description of Organization and Business Operations [Line Items]
Exercise price warrants (in Dollars per share)					$ 11.5	$ 11.5
Inflation Reduction Act [Member]
Description of Organization and Business Operations [Line Items]
Excise tax percentage			1%

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Details) - USD ($)		3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 15, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Summary of Significant Accounting Policies [Line Items]
Depreciation depletion and amortization expense		$ 507,626	$ 426,838	$ 1,506,242	$ 1,285,830
Federal depository insurance coverage		250,000		250,000
FDIC limit		$ 2,404,329		$ 2,404,329
Percentage of effective tax rate		18%		21%
Customer Concentration Risk [Member] | Customer Two [Member] | Accounts Receivable [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage				99%		96%
Customer Concentration Risk [Member] | Customer Two [Member] | Revenue Benchmark [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage				100%	100%
IPO [Member]
Summary of Significant Accounting Policies [Line Items]
Number of warrants to purchase shares issued				6,847,500
Private Placement [Member]
Summary of Significant Accounting Policies [Line Items]
Number of warrants to purchase shares issued	505,000			4,413,000

Business Combination (Details)

Business Combination (Details)						3 Months Ended		9 Months Ended		12 Months Ended
	May 06, 2024 shares	Jan. 15, 2024 $ / shares $ / item	Nov. 15, 2023 USD ($) $ / shares shares	Jul. 01, 2023	May 11, 2023 shares	Jun. 30, 2024 USD ($)	Sep. 30, 2023 USD ($) $ / shares	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($) $ / shares	Dec. 31, 2023 USD ($) shares	Jan. 20, 2023 $ / shares
Business Combination [Line Items]
Sale of stock ownership percentage			99%
Cash consideration (in Dollars) | $								$ 82,828,294
Promissory note (in Dollars) | $								15,000,000		$ 15,000,000
Sales proceeds (in Dollars) | $								$ 1,184,272
Trading days								5 days
Shares issued					4,115,597			50,000
Pogo royalty fair value (in Dollars) | $								$ 67,700
Loss on sale of asset (in Dollars) | $							$ (816,011)		$ (816,011)
Sale of stock price (in Dollars per share) | $ / shares							$ 10		$ 10
Warrant term		5 years
Exercise price per share (in Dollars per share) | $ / shares								$ 1
Subject to a minimum per share (in Dollars per share) | $ / shares								$ 6.5
Other current liabilities (in Dollars) | $								$ 645,873
Royalties payable (in Dollars) | $										$ 1,500,000
Recognized gain settlement liabilities (in Dollars) | $						$ 1,720,000
Seller Promissory Note [Member]
Business Combination [Line Items]
Promissory note (in Dollars) | $								15,000,000
ORR Interest [Member]
Business Combination [Line Items]
Royalties payable (in Dollars) | $								$ 22,000
SPAC Subsidiary Contribution [Member]
Business Combination [Line Items]
Subsidiary outstanding common stock			100%
Sale of stock ownership percentage			1%
Cash consideration (in Dollars) | $			$ 900,000
HNRA [Member]
Business Combination [Line Items]
Par value (in Dollars per share) | $ / shares			$ 0.0001
Shares authorized			121,000,000
Percentage of founder shares (in Dollars per Item) | $ / item		10
HNRA [Member] | Preferred Stock [Member]
Business Combination [Line Items]
Par value (in Dollars per share) | $ / shares			$ 0.0001
Shares authorized			1,000,000
HNRA [Member] | Minimum [Member]
Business Combination [Line Items]
Par value (in Dollars per share) | $ / shares								$ 10
HNRA [Member] | Maximum [Member]
Business Combination [Line Items]
Par value (in Dollars per share) | $ / shares								$ 13
OpOc Class B Units [Member]
Business Combination [Line Items]
Sales proceeds (in Dollars) | $								$ 1,925,873
Business Combination [Member]
Business Combination [Line Items]
Cash consideration (in Dollars) | $								31,074,127
ORR Interest [Member]
Business Combination [Line Items]
Exercised value (in Dollars) | $								$ 30,000,000
Percentage of base option price								12%
Percentage of pogo royalty				10%
Common Class A [Member]
Business Combination [Line Items]
Shares issued								6,957,334		6,957,334
Exchange ratio shares								1
Shares issued	150,000
Exercise price per share (in Dollars per share) | $ / shares		$ 11.5									$ 11.5
Common Class A [Member] | Stock Option [Member]
Business Combination [Line Items]
Shares issued								10,000
Common Class A [Member] | Limited Liability Company [Member]
Business Combination [Line Items]
Shares issued								2,000,000
Common Class A [Member] | HNRA [Member]
Business Combination [Line Items]
Par value (in Dollars per share) | $ / shares			$ 0.0001
Shares authorized			100,000,000
Percentage of founder shares (in Dollars per Item) | $ / item		10
Class B Common Stock [Member]
Business Combination [Line Items]
Shares issued								1,379,675		1,800,000
Sale of stock units								2,000,000
Exercised shares								200,000
Class B Common Stock [Member] | HNRA [Member]
Business Combination [Line Items]
Par value (in Dollars per share) | $ / shares			$ 0.0001
Shares authorized			20,000,000
Class B Common Stock [Member] | OpOc Class B Units [Member]
Business Combination [Line Items]
Shares authorized			2,000,000
OpCo Class A Units [Member]
Business Combination [Line Items]
Contributed amount (in Dollars) | $			$ 900,000
OpOc Class B Units [Member]
Business Combination [Line Items]
Common unit consideration								2,000,000
Shares issued								2,000,000
Units percentage								50%
Exercised shares								200,000
OpCo Preferred Units [Member]
Business Combination [Line Items]
Preferred units								1,500,000
Exercised shares								1,300,000
Share issued price (in Dollars per share) | $ / shares								$ 20
Sale of stock price (in Dollars per share) | $ / shares							$ 10		$ 10
Seller Class B Shares [Member]
Business Combination [Line Items]
Sale of stock units								500,000
Target Interests [Member]
Business Combination [Line Items]
Sale of stock ownership percentage			99%

Business Combination (Details)

Business Combination (Details) - Schedule of Acquisition in Purchase Price Allocation Depreciation and Amortization	9 Months Ended
	Sep. 30, 2024 USD ($)
Purchase Price:
Cash	$ 31,074,127
Side Letter payable	1,925,873
Promissory note to Sellers of Pogo Business	15,000,000
Total purchase consideration	82,828,294
Purchase Price Allocation
Cash	246,323
Accounts receivable	3,986,559
Prepaid expenses	368,371
Oil & gas reserves	93,809,392
Derivative assets	51,907
Accounts payable	(2,290,475)
Accrued liabilities and other	(1,244,633)
Revenue and royalties payable	(775,154)
Revenue and royalties payable, related parties	(1,199,420)
Short-term derivative liabilities	(27,569)
Deferred tax liabilities	(8,528,772)
Asset retirement obligations, net	(893,235)
Other liabilities	(675,000)
Net assets acquired	82,828,294
HNRA Class A Common Shares for Option Agreement [Member]
Purchase Price:
Transferred equity interest	67,700
HNRA Class A Common Shares [Member]
Purchase Price:
Transferred equity interest	1,354,000
OpCo Class B Units [Member]
Purchase Price:
Transferred equity interest	12,186,000
OpCo Preferred Units [Member]
Purchase Price:
Transferred equity interest	$ 21,220,594

Business Combination (Details_2

Business Combination (Details) - Schedule of Acquisition in Purchase Price Allocation Depreciation and Amortization (Parentheticals)	9 Months Ended
	Sep. 30, 2024 shares
HNRA Class A Common Shares for Option Agreement [Member]
Business Combination (Details) - Schedule of Acquisition in Purchase Price Allocation Depreciation and Amortization (Parentheticals) [Line Items]
Number of shares issued	10,000
HNRA Class A Common Shares [Member]
Business Combination (Details) - Schedule of Acquisition in Purchase Price Allocation Depreciation and Amortization (Parentheticals) [Line Items]
Number of shares issued	200,000
OpCo Class B Units [Member]
Business Combination (Details) - Schedule of Acquisition in Purchase Price Allocation Depreciation and Amortization (Parentheticals) [Line Items]
Number of shares issued	1,800,000
OpCo Preferred Units [Member]
Business Combination (Details) - Schedule of Acquisition in Purchase Price Allocation Depreciation and Amortization (Parentheticals) [Line Items]
Number of shares issued	1,500,000

Business Combination (Details_3

Business Combination (Details) - Schedule of the Pro-Forma Consolidated Results of Operations - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Schedule of the Pro-Forma Consolidated Results of Operations [Abstract]
Revenue	$ 4,621,375	$ 17,883,362
Operating income (loss)	(1,058,877)	637,518
Net income (loss)	$ (3,617,495)	$ (5,654,484)
Net income (loss) per common share (in Dollars per share)	$ (0.7)	$ (1.1)
Weighted Average common shares outstanding (in Shares)	5,145,446	5,145,446

Derivatives (Details) - Schedul

Derivatives (Details) - Schedule of Derivative Volumes	9 Months Ended
	Sep. 30, 2024 $ / bbl bbl
Q4 2024 [Member]
Schedule of Derivative Volumes [Line Items]
Volume (in Barrels (of Oil)) | bbl	9,000
Weighted average floor price	70
Weighted average ceiling price	85.5
Weighted average sold call	85.5
Q4 2024 [Member] | Commodity Swaps [Member]
Schedule of Derivative Volumes [Line Items]
Volume (in Barrels (of Oil)) | bbl	2,250
Weighted average floor price	70.89
Q1-Q4 2025 [Member] | Commodity Swaps [Member]
Schedule of Derivative Volumes [Line Items]
Volume (in Barrels (of Oil)) | bbl	5,000
Weighted average floor price	70.21

Derivatives (Details) - Sched_2

Derivatives (Details) - Schedule of Derivatives Fair Value Included in Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Gross fair value [Member]
Commodity derivatives:
Short-term derivative asset	$ 631,851
Long-term derivative asset	165,682
Short-term derivative liability	(3,338)
Gross fair value [Member] | Successor [Member]
Commodity derivatives:
Short-term derivative asset		$ 583,035
Long-term derivative asset		76,199
Short-term derivative liability		(191,547)
Long-term derivative liability
Amounts netted [Member]
Commodity derivatives:
Short-term derivative asset	(3,338)
Long-term derivative asset
Short-term derivative liability	3,338
Long-term derivative liability
Amounts netted [Member] | Successor [Member]
Commodity derivatives:
Short-term derivative asset		(191,547)
Long-term derivative asset
Short-term derivative liability		(191,547)
Long-term derivative liability
Net fair value [Member]
Commodity derivatives:
Short-term derivative asset	628,513
Long-term derivative asset	165,682
Short-term derivative liability
Long-term derivative liability
Total derivative asset (liability)	$ 794,195
Net fair value [Member] | Successor [Member]
Commodity derivatives:
Short-term derivative asset		391,488
Long-term derivative asset		76,199
Short-term derivative liability
Long-term derivative liability
Total derivative asset (liability)		$ 467,687

Derivatives (Details) - Sched_3

Derivatives (Details) - Schedule of Derivatives on the Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Successor [Member]
Schedule of Derivatives on the Consolidated Statements of Operations [Line Items]
Total gain (loss) on unsettled derivatives	$ 2,008,631		$ 326,508
Total gain (loss) on settled derivatives	(107,969)		(506,571)
Net gain (loss) on derivatives	$ 1,900,662		$ (180,063)
Predecessor [Member]
Schedule of Derivatives on the Consolidated Statements of Operations [Line Items]
Total gain (loss) on unsettled derivatives		$ (835,360)		$ 226,338
Total gain (loss) on settled derivatives		(600,740)		(899,395)
Net gain (loss) on derivatives		$ (1,436,100)		$ (673,057)

Long-Term Debt and Notes Paya_3

Long-Term Debt and Notes Payable (Details) - USD ($)			9 Months Ended		12 Months Ended
	Jul. 15, 2024	Jul. 01, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	May 15, 2024	Nov. 15, 2023
Long-Term Debt and Notes Payable [Line Items]
Unamortized discount			$ 14,743,263		$ 6,516,651
Principal balance			$ 44,630,178		46,150,203
Warrants exercise price (in Dollars per share)			$ 1
Cash proceeds			$ 450,000
Repayments of Related Party Debt			$ 43,750
Long term debt term	February 2025	March 2025
Promissory Notes [Member]
Long-Term Debt and Notes Payable [Line Items]
Aggregate principal amount							$ 28,000,000
Debt payment term, description			Payments of principal and interest will be due on the 15th day of each calendar month, beginning December 15, 2023, each in an amount equal to the Monthly Payment Amount (as defined in the Term Loan Agreement), except that the principal and interest payment due on the Maturity Date will be in the amount of the entire remaining principal amount of the Term Loan and all accrued but unpaid interest then outstanding. An additional one-time payment of principal is due on the date the annual financial report for the year ending December 31, 2024, is due to be delivered by Borrower to Lender in an amount that Excess Cash Flow (as defined in the Term Loan Agreement) exceeds the Debt Service Coverage Ratio (as defined in the Term Loan Agreement) of 1.35x as of the end of such quarter; provided that in no event shall the amount of the payment exceed $5,000,000.
Debt borrowing, description			The Borrower may elect to prepay all or a portion greater than $1,000,000 of the amounts owed prior to the Maturity Date. In addition to the foregoing, the Borrower is required to prepay the Term Loan with the net cash proceeds of certain dispositions and upon the decrease in value of collateral.
Merchant Cash Advances [Member]
Long-Term Debt and Notes Payable [Line Items]
Aggregate principal amount		$ 525,000
Unamortized discount			$ 294,133
Principal balance	$ 470,937	548,100
Cash proceeds	500,000	500,000
Repayments of Related Party Debt	$ 685,000	$ 756,000
Amortization of debt discount related			179,367
Senior Secured Term Loan Agreement [Member]
Long-Term Debt and Notes Payable [Line Items]
Proceeds of the term loan			$ 2,600,000
Percentage of interest			6.50%
Borrower deposit			$ 5,000,000
Fund deposited			$ 500,000
Debt service reserve account, percentage			10%
Interest expense			$ 295,474
Loan principal balance			$24,735,391
Principal balance					27,680,703
Senior Secured Term Loan Agreement [Member] | First International Bank And Trust [Member]
Long-Term Debt and Notes Payable [Line Items]
Fund deposited			$ 5,000,000
Senior Secured Term Loan Agreement [Member] | Promissory Notes [Member]
Long-Term Debt and Notes Payable [Line Items]
Unamortized discount			741,421		1,036,895
Accrued interest			$ 177,829		173,004
Seller Promissory Note [Member]
Long-Term Debt and Notes Payable [Line Items]
Percentage of interest			18%
Seller Promissory Note [Member] | Promissory Notes [Member]
Long-Term Debt and Notes Payable [Line Items]
Accrued interest			$ 2,293,767		$ 277,397
Aggregate principal amount			$ 15,000,000
Seller Promissory Note [Member] | Promissory Notes [Member] | OpCo [Member]
Long-Term Debt and Notes Payable [Line Items]
Prime interest						12%
Private Notes Payable [Member]
Long-Term Debt and Notes Payable [Line Items]
Warrants exercise price (in Dollars per share)			$ 11.5		$ 11.5
Additional cash received			$ 450,000
Warrants issued			$ 450,000
Warrants issued (in Shares)			5,884,000
Private Notes Payable [Member] | Promissory Notes [Member]
Long-Term Debt and Notes Payable [Line Items]
Unamortized discount			$ 1,472,012
Accrued interest			143,463		$ 158,801
Aggregate principal amount					$ 5,434,000
Prime interest					15%
Debt Service Reserve Account [Member] | Senior Secured Term Loan Agreement [Member]
Long-Term Debt and Notes Payable [Line Items]
Borrower deposit			$ 2,600,000

Long-Term Debt and Notes Paya_4

Long-Term Debt and Notes Payable (Details) - Schedule of Debt Instruments - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Long-Term Debt and Notes Payable [Abstract]
Senior Secured Term Loan	$ 24,735,391	$ 27,680,703
Seller Promissory Note	15,000,000	15,000,000
Merchant Cash Advances	1,019,037
Private loans	3,875,750	3,469,500
Total	44,630,178	46,150,203
Less: unamortized financing cost	(1,046,837)	(2,147,346)
Less: current portion including amortization	(14,743,263)	(6,516,651)
Long-term debt, net of current portion	$ 28,840,078	$ 37,486,206

Long-Term Debt and Notes Paya_5

Long-Term Debt and Notes Payable (Details) - Schedule of Summarizes the Company’s Maturities of Debt Instruments - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Twelve Months Ended:
September 30, 2025	$ 15,048,293
September 30, 2026	6,263,296
September 30, 2027	23,318,589
September 30, 2028
Total	$ 44,630,178	$ 46,150,203

Forward Purchase Agrement (Deta

Forward Purchase Agrement (Details) - USD ($)			3 Months Ended		9 Months Ended		12 Months Ended
	May 13, 2024	Nov. 02, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Forward Purchase Agreements [Line Items]
Percentage of prepayment shortfall		0.50%
Number of trading days					5 days
Fair value of the prepayment							$ 14,257,648
Additional paid-in capital							6,067,094
Fair value of the maturity consideration					$ 1,704,416
Inception of agreement					5,628,863
Change in fair value of forward purchase agreement			$ 4,209,294		$ 4,534,766
Forward Purchase Agreement [Member]
Forward Purchase Agreements [Line Items]
Percentage of prepayment shortfall		100%
Reset price (in Dollars per share)					$ 10
Dilutive offering divided (in Dollars per share)					$ 10
After the date of the closing of the purchase					3 years
Recycled shares (in Shares)					50,070
Purchase price					$ 545,356
Purchase price, per share (in Dollars per share)			$ 10.95		$ 10.95
Purchase an additional shares (in Shares)	504,525				504,425
Redemption date of the acquisition term					3 years
Share price (in Dollars per share)			$ 3		$ 3
Number of trading days					10 days
Consecutive trading day period					30 years
Fair value of the prepayment							$ 6,066,324
Change in fair value of forward purchase agreement			$ (4,209,294)		$ (4,534,766)

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - USD ($)

3 Months Ended

9 Months Ended

Nov. 15, 2024

May 06, 2024

Mar. 07, 2024

Mar. 04, 2024

May 11, 2023

Feb. 14, 2023

Oct. 17, 2022

Sep. 30, 2024

Sep. 30, 2024

Sep. 30, 2023

Jun. 17, 2024

Dec. 31, 2023

Nov. 15, 2023

Stockholders’ Equity [Line Items]

Preferred stock, shares authorized

1,000,000

1,000,000

1,000,000

Preferred stock, per value (in Dollars per share)

$ 0.0001

$ 0.0001

$ 0.0001

Aggregate shares

4,115,597

50,000

Reclassified from noncontrolling interest (in Dollars)

$ 2,845,600

Grant date fair value (in Dollars per share)

$ 2.06

Share-based compensation expense (in Dollars)

$ 573,568

$ 1,516,933

Aggregate gross purchase price (in Dollars)

1,184,272

Sales value (in Dollars)

$ 1,184,272

Repaid purchase business days

2 days

Net cash proceeds (in Dollars)

$ 1,280,415

Resale of consummation business combination days

30 days

Common Stock [Member]

Stockholders’ Equity [Line Items]

Number of award shares

30,000

Number of commitment shares

440,000

Net cash proceeds (in Dollars)

$ 1,184,272

Restricted Stock Units (RSUs) [Member]

Stockholders’ Equity [Line Items]

Vesting shares

35,000

Employees received shares

285,000

Number of award shares

30,000

Stock price (in Dollars per share)

$ 1.97

$ 1.97

Common Stock Purchase Agreement [Member]

Stockholders’ Equity [Line Items]

Common Stock individual shares

100,000

HNRA [Member]

Stockholders’ Equity [Line Items]

Common stock, par value (in Dollars per share)

$ 0.0001

Common stock, shares authorized

121,000,000

Preferred stock, shares authorized

1,000,000

Preferred stock, per value (in Dollars per share)

$ 0.0001

Board of Directors Chairman [Member]

Stockholders’ Equity [Line Items]

Share-based compensation expense (in Dollars)

$ 656,453

Board of Directors Chairman [Member] | Restricted Stock Units (RSUs) [Member]

Stockholders’ Equity [Line Items]

Aggregate shares

224,500

Vesting shares

112,000

Vesting period

3 years

Chief Executive Officer [Member]

Stockholders’ Equity [Line Items]

Grant date fair value (in Dollars per share)

$ 1.8

Share-based compensation expense (in Dollars)

$ 108,000

Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member]

Stockholders’ Equity [Line Items]

Employees received shares

50,000

White Lion [Member] | Common Stock [Member]

Stockholders’ Equity [Line Items]

Aggregate shares

100,000

Rapid Purchase Notice [Member]

Stockholders’ Equity [Line Items]

Repaid purchase business days

2 years

Forecast [Member] | Restricted Stock Units (RSUs) [Member]

Stockholders’ Equity [Line Items]

Vesting period

3 years

Forecast [Member] | Board of Directors Chairman [Member] | Restricted Stock Units (RSUs) [Member]

Stockholders’ Equity [Line Items]

Vesting shares

112,500

Commitment Shares [Member]

Stockholders’ Equity [Line Items]

Interests percentage

7%

7%

7%

Rhône Merchant House, Ltd [Member] | Restricted Stock Units (RSUs) [Member]

Stockholders’ Equity [Line Items]

Number of award shares

60,000

Rhône Merchant House, Ltd [Member] | Commitment Shares [Member]

Stockholders’ Equity [Line Items]

Interests percentage

7%

7%

Loans Payable [Member]

Stockholders’ Equity [Line Items]

Grant date fair value (in Dollars per share)

$ 2.01

Share-based compensation expense (in Dollars)

$ 56,708

Class A Common Stock [Member]

Stockholders’ Equity [Line Items]

Common stock, par value (in Dollars per share)

$ 0.0001

$ 0.0001

$ 0.0001

Common stock, shares authorized

100,000,000

100,000,000

100,000,000

Aggregate shares

150,000

Common stock, shares outstanding

6,957,334

6,957,334

6,957,334

Issued shares

6,957,334

6,957,334

6,957,334

Share-based compensation expense (in Dollars)

$ 360,000

$ 17,167

Class A Common Stock [Member] | Common Stock [Member]

Stockholders’ Equity [Line Items]

Aggregate shares

420,325

Class A Common Stock [Member] | Common Stock Purchase Agreement [Member]

Stockholders’ Equity [Line Items]

Issued shares

75,000

75,000

Class A Common Stock [Member] | HNRA [Member]

Stockholders’ Equity [Line Items]

Common stock, par value (in Dollars per share)

$ 0.0001

Common stock, shares authorized

100,000,000

Class A Common Stock [Member] | Chief Executive Officer [Member]

Stockholders’ Equity [Line Items]

Issued shares

60,000

60,000

Class A Common Stock [Member] | Pogo Royalty [Member]

Stockholders’ Equity [Line Items]

Exercised shares

420,325

Aggregate shares

200,000

Class A Common Stock [Member] | Loans Payable [Member]

Stockholders’ Equity [Line Items]

Issued shares

27,963

27,963

Class B Common Stock [Member]

Stockholders’ Equity [Line Items]

Common stock, par value (in Dollars per share)

$ 0.0001

$ 0.0001

$ 0.0001

Common stock, shares authorized

20,000,000

20,000,000

20,000,000

Sale of stock units

2,000,000

Exercised shares

200,000

Common stock, shares outstanding

1,379,675

1,379,675

1,800,000

Issued shares

1,379,675

1,379,675

1,800,000

Class B Common Stock [Member] | Common Stock [Member]

Stockholders’ Equity [Line Items]

Aggregate shares

(420,325)

Class B Common Stock [Member] | HNRA [Member]

Stockholders’ Equity [Line Items]

Common stock, par value (in Dollars per share)

$ 0.0001

Common stock, shares authorized

20,000,000

Class B Common Stock [Member] | Pogo Royalty [Member]

Stockholders’ Equity [Line Items]

Exercised shares

420,325

OpCo Class B Units [Member]

Stockholders’ Equity [Line Items]

Exercised shares

200,000

Common Stock [Member]

Stockholders’ Equity [Line Items]

Sale of stock units

1,000,000

Issued shares

1,000,000

1,000,000

Common Stock Purchase Agreement [Member]

Stockholders’ Equity [Line Items]

Aggregate gross purchase price (in Dollars)

$ 150,000,000

$ 108,485

Sales value (in Dollars)

$ 2,000,000

Common stock effective rate

400%

Dividend rate

30%

Weighted average price of common stock, percentage

96%

96%

Consecutive trading day

2 days

Commencing days after the business combination

3 days

Common Stock Purchase Agreement [Member] | Common Stock [Member]

Stockholders’ Equity [Line Items]

Common stock, par value (in Dollars per share)

$ 0.0001

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($)	3 Months Ended		9 Months Ended			12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2023
Fair Value of Financial Instruments [Line Items]
Net derivative assets liability	$ 794,195		$ 794,195	$ 467,687		$ 467,687
Dilutive offering price (in Dollars per share)			$ 3	$ 5
Forward purchase agreement estimate rate			50%	50%
Estimated fair value of the warrants	$ 137,911		$ 484,799
Warrant [Member]
Fair Value of Financial Instruments [Line Items]
Discount rate	15%		15%
Fair value of the warrant liabilities	$ 409,834		$ 409,834
Estimated fair value of the warrants			$ 5,672,604
Estimated fair value of redemption						$ 4,777,970

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Details) - Schedule of Fair Value of the Prepaid Forward Contract and the Maturity Consideration	Sep. 30, 2024	Dec. 31, 2023
Stock price [Member]
Schedule of Fair Value of the Prepaid Forward Contract and the Maturity Consideration [Line Items]
Derivative liability, measurement input	0.82	2.03
Term [Member]
Schedule of Fair Value of the Prepaid Forward Contract and the Maturity Consideration [Line Items]
Derivative liability, measurement input	2.13	2.88
Expected volatility [Member]
Schedule of Fair Value of the Prepaid Forward Contract and the Maturity Consideration [Line Items]
Derivative liability, measurement input	69.9	40.7
Risk-free interest rate [Member]
Schedule of Fair Value of the Prepaid Forward Contract and the Maturity Consideration [Line Items]
Derivative liability, measurement input	3.58	3.96
Expected dividend yield [Member]
Schedule of Fair Value of the Prepaid Forward Contract and the Maturity Consideration [Line Items]
Derivative liability, measurement input

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)

3 Months Ended

9 Months Ended

12 Months Ended

Jul. 24, 2024

May 06, 2024

Mar. 07, 2024

May 11, 2023

Feb. 15, 2023

Feb. 14, 2023

Jan. 20, 2023

May 05, 2022

Sep. 30, 2024

Sep. 30, 2024

Sep. 30, 2023

Dec. 31, 2023

Dec. 31, 2022

Jan. 15, 2024

Related Party Transactions [Line Items]

Referral fee

$ 1,800,000

Referral fee percentage

2%

Accounts payable

$ 900,000

$ 7,988,044

$ 7,988,044

$ 4,795,208

Owes fee

568,000

762,000

Notes payable

$ 15,000,000

$ 15,000,000

$ 15,000,000

Loan interest rate

15%

Exercise price (in Dollars per share)

$ 1

$ 1

Monthly payments

$ 8,000

Agreement amount paid

12,000

Stock price

$ 250,000

$ 150,000

Remaining amount paid

$ 50,000

Shares issued (in Shares)

4,115,597

50,000

Forfeited amount

$ 60,000

Stock-based compensation expenses

$ 573,568

$ 1,516,933

Received from related party

$ 450,000

Promissory Notes [Member]

Related Party Transactions [Line Items]

Received promissory notes

$ 179,000

Predecessor [Member]

Related Party Transactions [Line Items]

Loan interest rate

0.50%

0.50%

Common Stock [Member]

Related Party Transactions [Line Items]

Initial award shares (in Shares)

30,000

Related Party [Member]

Related Party Transactions [Line Items]

Payable to related party

$ 900,000

Related Party [Member] | Predecessor [Member]

Related Party Transactions [Line Items]

Received from related party

$ 4,000,000

RMH Ltd. [Member]

Related Party Transactions [Line Items]

Cash paid

$ 100,000

$ 50,000

Initial award shares (in Shares)

60,000

Monthly payments

$ 22,000

Awards issued

$ 264,000

Remaining amount paid

$ 50,000

Mr. Orr [Member]

Related Party Transactions [Line Items]

Cash paid

$ 25,000

Mr. Caravaggio [Member]

Related Party Transactions [Line Items]

Notes payable

$ 179,000

Restricted Stock Units (RSUs) [Member]

Related Party Transactions [Line Items]

Shares issued (in Shares)

60,000

30,000

Class A Common Stock [Member]

Related Party Transactions [Line Items]

Exercise price (in Dollars per share)

$ 11.5

$ 11.5

Shares issued (in Shares)

150,000

Stock-based compensation expenses

$ 360,000

$ 17,167

Class A Common Stock [Member] | Common Stock [Member]

Related Party Transactions [Line Items]

Shares issued (in Shares)

420,325

Class A Common Stock [Member] | Alexandria [Member]

Related Party Transactions [Line Items]

Issuance of shares (in Shares)

89,000

Class A Common Stock [Member] | Mr. Caravaggio [Member]

Related Party Transactions [Line Items]

Warrants to purchase of shares (in Shares)

179,000

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Commitments and Contingencies [Abstract]
Other liability	$ 675,000	$ 675,000

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)					9 Months Ended
	Nov. 15, 2024	Oct. 18, 2024	May 06, 2024	May 11, 2023	Sep. 30, 2024	Oct. 03, 2024	Jan. 15, 2024	Dec. 31, 2023	Jan. 20, 2023
Subsequent Events [Line Items]
Exchanged units					885,000
Net proceeds (in Dollars)					$ 1,280,415
Shares issued				4,115,597	50,000
Accrued payables (in Dollars)					$ 260,000
Recognized a loss (in Dollars)					$ 76,000
Exercise price (in Dollars per share)					$ 1
Warrant term							5 years
Subsequent Event [Member]
Subsequent Events [Line Items]
Consultant earning shares		5,100				500,000
Consultant a fee (in Dollars)		$ 20,000
Cash (in Dollars)		$ 5,000
Common stock closing price trading days		5 days
Warrant term		2 years
Officers [Member]
Subsequent Events [Line Items]
Shares issued					27,963
OpCo Class B Units [Member] | Subsequent Event [Member]
Subsequent Events [Line Items]
Exchanged units						879,675
Class A Common Stock [Member]
Subsequent Events [Line Items]
Exchanged units					260,000
Consultant earning shares					6,957,334			6,957,334
Shares issued			150,000
Exercise price (in Dollars per share)							$ 11.5		$ 11.5
Class A Common Stock [Member] | Subsequent Event [Member]
Subsequent Events [Line Items]
Exchanged units						1,379,675
Common stock service value (in Dollars)		$ 15,000
Issued warrants to purchase		1,200,000
Exercise price (in Dollars per share)		$ 0.75
Restricted common shares	450,000