2023 Q4 Form 10-K Financial Statement
#000121390024039259 Filed on May 03, 2024
Income Statement
Concept | 2023 Q4 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $0.00 | $0.00 | |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $1.613M | ||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $432.7K | $1.798M | |
YoY Change | 17880.1% | ||
Operating Profit | -$1.798M | ||
YoY Change | 12946.1% | ||
Interest Expense | $744.4K | $1.269M | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $1.269M | ||
YoY Change | |||
Pretax Income | $311.8K | -$528.7K | |
YoY Change | 5186.82% | ||
Income Tax | $221.7K | $221.7K | |
% Of Pretax Income | 71.1% | ||
Net Earnings | $90.11K | -$750.3K | |
YoY Change | 7403.47% | ||
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.01 | -$0.07 | |
COMMON SHARES | |||
Basic Shares Outstanding | 7.516M shares | 11.63M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q4 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $75.61K | $75.61K | |
YoY Change | 89.03% | ||
Cash & Equivalents | $3.505M | $75.61K | |
Short-Term Investments | |||
Other Short-Term Assets | $90.16K | $81.91K | $81.91K |
YoY Change | 10.08% | -72.7% | |
Inventory | |||
Prepaid Expenses | $81.91K | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $6.812M | $157.5K | $157.5K |
YoY Change | 4224.65% | -53.11% | -53.67% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $89.24M | $89.24M | |
YoY Change | |||
Other Assets | $6.668K | ||
YoY Change | |||
Total Long-Term Assets | $93.91M | $89.24M | $89.24M |
YoY Change | 5.23% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $6.812M | $157.5K | $157.5K |
Total Long-Term Assets | $93.91M | $89.24M | $89.24M |
Total Assets | $100.7M | $89.40M | $89.40M |
YoY Change | 12.67% | 26509.31% | 26194.38% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.795M | $395.6K | $395.6K |
YoY Change | 1112.29% | 189.65% | |
Accrued Expenses | $4.422M | $395.6K | $200.0K |
YoY Change | 1017.98% | 189.66% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $129.0K | $129.0K | |
YoY Change | |||
Long-Term Debt Due | $37.49M | $26.75M | |
YoY Change | 40.14% | ||
Total Short-Term Liabilities | $20.11M | $946.2K | $946.2K |
YoY Change | 2025.63% | 320.99% | 330.1% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $37.49M | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $675.0K | $2.588M | $2.588M |
YoY Change | -73.91% | ||
Total Long-Term Liabilities | $50.01M | $2.588M | $2.588M |
YoY Change | 1832.62% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $20.11M | $946.2K | $946.2K |
Total Long-Term Liabilities | $50.01M | $2.588M | $2.588M |
Total Liabilities | $70.12M | $3.534M | $3.534M |
YoY Change | 1884.3% | 1472.23% | 1506.24% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$19.12M | -$3.176M | |
YoY Change | 501.88% | 22948.11% | |
Common Stock | $301.00 | ||
YoY Change | 4.51% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$2.800M | -$3.176M | $85.87M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $100.7M | $89.40M | $89.40M |
YoY Change | 12.67% | 26509.31% | 26194.38% |
Cashflow Statement
Concept | 2023 Q4 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $90.11K | -$750.3K | |
YoY Change | 7403.47% | ||
Depreciation, Depletion And Amortization | $1.613M | ||
YoY Change | |||
Cash From Operating Activities | -$76.93K | -$1.317M | |
YoY Change | 1363.87% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | -$87.98M | |
YoY Change | |||
Cash From Investing Activities | $0.00 | -$87.98M | |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 100.0K | $89.33M | |
YoY Change | 89229.35% | ||
NET CHANGE | |||
Cash From Operating Activities | -76.93K | -$1.317M | |
Cash From Investing Activities | 0.000 | -$87.98M | |
Cash From Financing Activities | 100.0K | $89.33M | |
Net Change In Cash | 23.07K | $36.87K | |
YoY Change | 268.69% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$76.93K | -$1.317M | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6394 | usd |
hnra |
Amortization Of Operating Lease Rightofuse Assets
AmortizationOfOperatingLeaseRightofuseAssets
|
403 | usd | |
CY2022 | hnra |
Amortization Of Operating Lease Rightofuse Assets
AmortizationOfOperatingLeaseRightofuseAssets
|
329 | usd |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
3890 | usd | |
CY2022 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
3676 | usd |
hnra |
Change In Fair Value Of Unsettled Derivatives
ChangeInFairValueOfUnsettledDerivatives
|
1215693 | usd | |
CY2022 | hnra |
Change In Fair Value Of Unsettled Derivatives
ChangeInFairValueOfUnsettledDerivatives
|
2185000 | usd |
hnra |
Change In Other Property Plant And Equipment Net
ChangeInOtherPropertyPlantAndEquipmentNet
|
83004 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-816011 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
921945 | usd | |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
243940 | usd |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-26833 | usd | |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
132809 | usd |
hnra |
Interest Withdrawn From Trust Account To Pay For Franchise And Federal Income Taxes
InterestWithdrawnFromTrustAccountToPayForFranchiseAndFederalIncomeTaxes
|
-313401 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
1480138 | usd | |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
148143 | usd |
us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
753595 | usd | |
CY2022 | us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
1707701 | usd |
us-gaap |
Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
|
157991 | usd | |
CY2022 | us-gaap |
Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
|
10248 | usd |
hnra |
Increase Decrease In Royalties Payable Related Party
IncreaseDecreaseInRoyaltiesPayableRelatedParty
|
8066 | usd | |
CY2022 | hnra |
Increase Decrease In Royalties Payable Related Party
IncreaseDecreaseInRoyaltiesPayableRelatedParty
|
-2147652 | usd |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
8190563 | usd | |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
18651132 | usd |
us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
6769557 | usd | |
CY2022 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
16891856 | usd |
us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
190998 | usd | |
CY2022 | us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
3809003 | usd |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6960555 | usd | |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-20700859 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
8000000 | usd |
CY2022 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
3000000 | usd |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
3000000 | usd | |
CY2022 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
2000000 | usd |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-3000000 | usd | |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3000000 | usd |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1769992 | usd | |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
950273 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2016315 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1066042 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
246323 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2016315 | usd |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2002067 | usd | |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
847968 | usd |
hnra |
Amounts Included In The Measurement Of Operating Lease Liabilities
AmountsIncludedInTheMeasurementOfOperatingLeaseLiabilities
|
56625 | usd | |
CY2022 | hnra |
Amounts Included In The Measurement Of Operating Lease Liabilities
AmountsIncludedInTheMeasurementOfOperatingLeaseLiabilities
|
151655 | usd |
CY2022 | us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
46528 | usd |
CY2022 | hnra |
Impact To Rightofuse Assets And Lease Liabilities Due To Lease Modification
ImpactToRightofuseAssetsAndLeaseLiabilitiesDueToLeaseModification
|
50921 | usd |
hnra |
Accrued Purchases Of Property And Equipment At Period End
AccruedPurchasesOfPropertyAndEquipmentAtPeriodEnd
|
256237 | usd | |
CY2022 | hnra |
Accrued Purchases Of Property And Equipment At Period End
AccruedPurchasesOfPropertyAndEquipmentAtPeriodEnd
|
663954 | usd |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 — DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Organization and General</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">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. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Inflation Reduction Act of 2022</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 <i>Accrued liabilities and other </i>on the Company’s consolidated balance sheet pursuant to the 1% excise tax under the IR Act partially offset by issuance of common stock subsequent to the redemptions. The liability does not impact the consolidated statements of operations and is offset against accumulated deficit.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Going Concern Considerations </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At December 31, 2023, the Company had $3,505,454 in cash and a working capital deficit of $13,300,601. 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 $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 include 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 through 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 the Company’s Form S-1 Registration Statement, which is in the review process, being declared effective by the Securities and Exchange Commission (“SEC”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The financial statements do not include any adjustments that might result from the outcome of this uncertainty.</p> | |
CY2022Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.01 | pure |
CY2023Q4 | hnra |
Number Of Public Shares
NumberOfPublicShares
|
3323707 | shares |
CY2023Q4 | hnra |
Aggregate Redemption Value Of Public Shares
AggregateRedemptionValueOfPublicShares
|
12346791 | usd |
CY2023Q4 | hnra |
Working Capital
WorkingCapital
|
13300601 | usd |
CY2023Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Predecessor | ||
CY2023Q4 | us-gaap |
Repurchase Agreement Counterparty Amount At Risk
RepurchaseAgreementCounterpartyAmountAtRisk
|
150000000 | usd |
CY2023 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Basis of Presentation</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 period January 1, 2023 through November 14, 2023, concurrent with completion of the Acquisition and Successor period from November 15, 2023 through December 31, 2023. 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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC.<i> </i></p> | |
CY2023 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
6847500 | shares |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
4094250 | shares |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "><i>Use of Estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p> | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1497749 | usd | |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1613402 | usd |
CY2023 | us-gaap |
Revenue Recognition Allowances
RevenueRecognitionAllowances
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "><i>Product Revenues</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">The Company accounts for sales in accordance with Accounting Standards Codification (“ASC”) 606, <i>Revenue from Contracts with Customers</i>. Revenue is recognized when the Company satisfies a performance obligation in an amount reflecting the consideration to which it expects to be entitled. The Company applies a five-step approach in determining the amount and timing of revenue to be recognized: (1) identifying the contract with a customer; (2) identifying the performance obligations in the contract; (3) determining the transaction price; (4) allocating the transaction price to the performance obligations in the contract; and (5) recognizing revenue when the performance obligation is satisfied.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">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.</p> | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
1 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
1 | pure |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Concentration of Credit Risk:</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 December 31, 2023, the Company’s cash balance exceeded the FDIC limit by $342,901. At December 31, 2023, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p> | |
CY2023Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023Q4 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
342901 | usd |
CY2023Q4 | hnra |
Outstanding Principal Interest Percentage
OutstandingPrincipalInterestPercentage
|
0.99 | pure |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Side Letter Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSideLetterPayable
|
1925873 | usd |
CY2023 | hnra |
Escrowed Share Consideration
EscrowedShareConsideration
|
500000 | usd |
CY2023Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
67700 | usd |
CY2023 | us-gaap |
Investment Unrestricted Purchase Price Date Per Unit
InvestmentUnrestrictedPurchasePriceDatePerUnit
|
10 | |
CY2023Q4 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
10 | |
CY2023Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
6.5 | |
CY2023 | us-gaap |
Stockholders Equity Other Shares
StockholdersEquityOtherShares
|
134500 | shares |
CY2023Q4 | us-gaap |
Cash
Cash
|
31074127 | usd |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Side Letter Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSideLetterPayable
|
1925873 | usd |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Promissory Note To Sellers Of Pogo Business
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPromissoryNoteToSellersOfPogoBusiness
|
15000000 | usd |
CY2023 | us-gaap |
Option Indexed To Issuers Equity Shares
OptionIndexedToIssuersEquityShares
|
10000 | shares |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Common Shares For Option Agreementin Shares
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCommonSharesForOptionAgreementinShares
|
67700 | usd |
CY2023Q4 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
200000 | shares |
CY2023 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
1354000 | usd |
CY2023Q4 | us-gaap |
Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
|
1800000 | shares |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Class B Unitsin Shares
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedClassBUnitsinShares
|
12186000 | usd |
CY2023Q4 | us-gaap |
Preferred Units Issued
PreferredUnitsIssued
|
1500000 | shares |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Preferred Unitsin Shares
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPreferredUnitsinShares
|
21220594 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
82828294 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
|
3986559 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
|
368371 | usd |
CY2022 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
2185000 | usd |
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-1163736 | usd | |
CY2022 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-6978790 | usd |
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
51957 | usd | |
CY2022 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-4793790 | usd |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Oil Gas Reserves
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesOilGasReserves
|
93809392 | usd |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Derivative Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDerivativeAssets
|
51907 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
|
2290475 | usd |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accrued Liabilities And Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccruedLiabilitiesAndOther
|
-1244633 | usd |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Revenue And Royalties Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRevenueAndRoyaltiesPayable
|
-775154 | usd |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Revenue And Royalties Payable Related Parties
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRevenueAndRoyaltiesPayableRelatedParties
|
-1199420 | usd |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Shortterm Derivative Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedShorttermDerivativeLiabilities
|
-27569 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
|
8528772 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
893235 | usd |
CY2023Q4 | hnra |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherLiabilities
|
-675000 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
82828294 | usd |
CY2023 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
1500000 | shares |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
645873 | usd |
CY2023 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
27214143 | usd |
CY2022 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
31409762 | usd |
CY2023 | us-gaap |
Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
|
4962026 | usd |
CY2022 | us-gaap |
Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
|
8809272 | usd |
CY2023 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
1486496 | usd |
CY2022 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
3522642 | usd |
CY2023 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
0.28 | |
CY2022 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
0.67 | |
CY2023 | us-gaap |
Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
|
5235131 | shares |
CY2022 | us-gaap |
Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
|
5220788 | shares |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
1215693 | usd | |
CY2023Q4 | us-gaap |
Secured Debt Current
SecuredDebtCurrent
|
27680703 | usd |
CY2022Q4 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
26750000 | usd |
CY2023Q4 | us-gaap |
Notes Payable
NotesPayable
|
15000000 | usd |
CY2023Q4 | hnra |
Private Loans
PrivateLoans
|
3469500 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
46150203 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
26750000 | usd |
CY2023Q4 | hnra |
Long Term Debt Discount
LongTermDebtDiscount
|
2147346 | usd |
CY2023Q4 | hnra |
Long Term Debt Current Discount
LongTermDebtCurrentDiscount
|
6516651 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
37486206 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
26750000 | usd |
CY2023 | us-gaap |
Payments For Loans
PaymentsForLoans
|
5000000 | usd |
CY2023Q4 | us-gaap |
Other Borrowings
OtherBorrowings
|
1000000 | usd |
CY2023Q4 | us-gaap |
Deposits Paid For Securities Borrowed At Carrying Value
DepositsPaidForSecuritiesBorrowedAtCarryingValue
|
5000000 | usd |
CY2023Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
1093318 | usd |
CY2023Q4 | us-gaap |
Derivative Variable Interest Rate
DerivativeVariableInterestRate
|
0.18 | pure |
CY2023 | us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
1 | |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
5434000 | shares |
CY2023Q4 | us-gaap |
Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
|
2280437 | usd |
CY2019Q2 | us-gaap |
Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
|
50000000 | usd |
CY2022Q4 | us-gaap |
Other Borrowings
OtherBorrowings
|
26750000 | usd |
CY2022Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
702600 | usd |
CY2023Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
23750000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
7627102 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
10558077 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
27965024 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
46150203 | usd |
CY2023Q4 | hnra |
Percentage Of Prepayment Shortfall
PercentageOfPrepaymentShortfall
|
1 | pure |
CY2023 | hnra |
Dilutive Offering Divided
DilutiveOfferingDivided
|
10 | |
CY2023Q4 | us-gaap |
Shares Issued
SharesIssued
|
90000 | shares |
CY2023Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
10.95 | |
CY2023 | hnra |
Fair Value Of Prepayments
FairValueOfPrepayments
|
14257648 | usd |
CY2023Q4 | hnra |
Fair Value Of Prepayments
FairValueOfPrepayments
|
6067094 | usd |
CY2023Q4 | hnra |
Fair Value Of Maturity Consideration
FairValueOfMaturityConsideration
|
1704416 | usd |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
36383179 | usd |
CY2023Q4 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
200000 | shares |
CY2023Q4 | us-gaap |
Equity Fair Value Adjustment
EquityFairValueAdjustment
|
910565 | usd |
CY2023 | us-gaap |
Equity Fair Value Adjustment
EquityFairValueAdjustment
|
135400 | usd |
CY2023Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
0.0001 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
|
5 | |
CY2023Q4 | hnra |
Redemption Price
RedemptionPrice
|
3567960 | usd |
CY2023Q4 | hnra |
Cash Proceeds For Trust Account
CashProceedsForTrustAccount
|
6017960 | usd |
CY2022Q4 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
150000000 | usd |
CY2023 | us-gaap |
Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
|
2000000 | usd |
CY2023Q4 | us-gaap |
Percentage Of Weighted Average Cost Inventory
PercentageOfWeightedAverageCostInventory
|
0.96 | pure |
CY2023 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
|
467687 | usd |
CY2022 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
|
1191354 | usd |
CY2023 | hnra |
Forward Purchase Agreement Estimate Rate
ForwardPurchaseAgreementEstimateRate
|
0.50 | pure |
CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
4506312 | usd |
CY2023Q4 | us-gaap |
Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
|
187704 | usd |
CY2022Q2 | hnra |
Units Purchased During Period Shares
UnitsPurchasedDuringPeriodShares
|
1800000 | shares |
CY2022Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
900000 | usd |
CY2023Q4 | hnra |
Advances From Related Parties
AdvancesFromRelatedParties
|
762000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
179000 | usd |
CY2023Q1 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
179000 | usd |
CY2023Q1 | hnra |
Accruing Interest
AccruingInterest
|
0.15 | pure |
CY2023Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
100198 | usd |
CY2023 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
203100 | usd |
CY2023Q1 | hnra |
Payment To Related Party Initially
PaymentToRelatedPartyInitially
|
25000 | usd |
CY2023Q1 | hnra |
Initial Monthly Payment
InitialMonthlyPayment
|
8000 | usd |
CY2023Q1 | hnra |
Agreement Amount Paid
AgreementAmountPaid
|
12000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
150000 | usd |
CY2023Q1 | hnra |
Monthly Payment
MonthlyPayment
|
22000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
250000 | usd |
CY2023Q4 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.005 | pure |
CY2023Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
675000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
675000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
454225 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
|
1441904 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
|
885890 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
268405 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
3611 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
3054035 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
9097162 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
|
120013 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
-9217175 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
6163140 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
6163140 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
|
1770098 | usd |
CY2023 | hnra |
Effective Income Tax Rate Reconciliation Offset Income
EffectiveIncomeTaxRateReconciliationOffsetIncome
|
0.80 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
1 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0286 | pure |
CY2023 | hnra |
Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
|
-0.0811 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.0502 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0.0019 | pure |
CY2023 | us-gaap |
Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
|
350000 | usd |
CY2023Q4 | hnra |
Additional Number Of Warrants Issued
AdditionalNumberOfWarrantsIssued
|
350000 | shares |
CY2023 | hnra |
Vesting Period
VestingPeriod
|
P3Y | |
CY2023 | hnra |
Daily Trading Volume Of Common Stock Percentage
DailyTradingVolumeOfCommonStockPercentage
|
0.07 | pure |
CY2023 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | pure |
CY2023Q4 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
94189372 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
64799213 | usd |
CY2023Q4 | us-gaap |
Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
|
352127 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
|
9592296 | usd |
CY2023Q4 | us-gaap |
Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
|
93837245 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
|
55206917 | usd |
CY2022 | us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
1031300 | usd |
CY2023Q4 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
238499 | usd |
us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
6769557 | usd | |
CY2022 | us-gaap |
Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
|
15048100 | usd |
CY2023Q4 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
238499 | usd |
us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
6769557 | usd | |
CY2022 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
16079400 | usd |
CY2023 | hnra |
Undivided Royalty Interest
UndividedRoyaltyInterest
|
0.10 | pure |
CY2023 | srt |
Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
|
-1995 | mboe |
CY2022 | srt |
Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
|
325 | mboe |
CY2023 | hnra |
Future Net Cash Flows Discounted Rate
FutureNetCashFlowsDiscountedRate
|
0.10 | pure |
CY2023 | us-gaap |
Malpractice Loss Contingency Discount Rate
MalpracticeLossContingencyDiscountRate
|
0.10 | pure |
CY2022Q4 | srt |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
519547000 | usd |
CY2021Q4 | srt |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
307409000 | usd |
CY2023 | srt |
Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
|
-95981000 | usd |
CY2022 | srt |
Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
|
176448000 | usd |
CY2023 | srt |
Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
|
-22914000 | usd |
CY2022 | srt |
Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
|
-23501000 | usd |
CY2023 | srt |
Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
|
-2313000 | usd |
CY2022 | srt |
Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
|
12926000 | usd |
CY2023 | srt |
Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
|
7008000 | usd |
CY2022 | srt |
Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
|
2100000 | usd |
CY2023 | hnra |
Net Purchasesdivestitures Of Reserves In Place
NetPurchasesdivestituresOfReservesInPlace
|
138893000 | usd |
CY2023 | srt |
Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
|
-45534000 | usd |
CY2022 | srt |
Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
|
9217000 | usd |
CY2023 | srt |
Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
|
51955000 | usd |
CY2022 | srt |
Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
|
30741000 | usd |
CY2023 | srt |
Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
|
7742000 | usd |
CY2022 | srt |
Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
|
4207000 | usd |
CY2023Q4 | srt |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
280618000 | usd |
CY2022Q4 | srt |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
519547000 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
usd | |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
usd | |
CY2022Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
usd | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
usd | |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
usd | |
CY2023Q4 | hnra |
Note And Interest Receivable Related Party
NoteAndInterestReceivableRelatedParty
|
usd | |
CY2023Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
|
usd | |
CY2023Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
usd | |
CY2022Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
usd | |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
usd | |
CY2022Q4 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
usd | |
CY2022Q4 | hnra |
Forward Purchase Agreement Liability
ForwardPurchaseAgreementLiability
|
usd | |
CY2022Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
usd | |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
usd | |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
usd | |
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2022Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
usd | |
CY2023Q4 | hnra |
Owners Equity
OwnersEquity
|
usd | |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
usd | |
CY2022Q4 | us-gaap |
Minority Interest
MinorityInterest
|
usd | |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
usd | ||
CY2022 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
usd | |
CY2022 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | ||
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | |
hnra |
Change In Fair Value Of Forward Purchase Agreement Liability
ChangeInFairValueOfForwardPurchaseAgreementLiability
|
usd | ||
CY2022 | hnra |
Change In Fair Value Of Forward Purchase Agreement Liability
ChangeInFairValueOfForwardPurchaseAgreementLiability
|
usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
usd | ||
CY2022 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
usd | |
CY2022 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
usd | |
hnra |
Insurance Policy Recovery
InsurancePolicyRecovery
|
usd | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
usd | ||
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
usd | |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
shares | ||
CY2022 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
shares | ||
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
shares | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
|||
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
|||
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | ||
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | ||
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | |
hnra |
Change In Fair Value Of Forward Purchase Agreement
ChangeInFairValueOfForwardPurchaseAgreement
|
usd | ||
CY2022 | hnra |
Change In Fair Value Of Forward Purchase Agreement
ChangeInFairValueOfForwardPurchaseAgreement
|
usd | |
CY2022 | hnra |
Change In Other Property Plant And Equipment Net
ChangeInOtherPropertyPlantAndEquipmentNet
|
usd | |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
usd | |
CY2022 | hnra |
Interest Withdrawn From Trust Account To Pay For Franchise And Federal Income Taxes
InterestWithdrawnFromTrustAccountToPayForFranchiseAndFederalIncomeTaxes
|
usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
usd | ||
CY2022 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
usd | |
hnra |
Trust Account Withdrawals
TrustAccountWithdrawals
|
usd | ||
CY2022 | hnra |
Trust Account Withdrawals
TrustAccountWithdrawals
|
usd | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
usd | ||
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
usd | ||
CY2022 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
usd | |
us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
usd | ||
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | ||
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
usd | ||
CY2022 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | ||
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
usd | ||
hnra |
Impact To Rightofuse Assets And Lease Liabilities Due To Lease Modification
ImpactToRightofuseAssetsAndLeaseLiabilitiesDueToLeaseModification
|
usd | ||
CY2022Q4 | us-gaap |
Secured Debt Current
SecuredDebtCurrent
|
usd | |
CY2023Q4 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
usd | |
CY2022Q4 | us-gaap |
Notes Payable
NotesPayable
|
usd | |
CY2022Q4 | hnra |
Private Loans
PrivateLoans
|
usd | |
CY2022Q4 | hnra |
Long Term Debt Discount
LongTermDebtDiscount
|
usd | |
CY2022Q4 | hnra |
Long Term Debt Current Discount
LongTermDebtCurrentDiscount
|
usd | |
CY2023 | us-gaap |
Line Of Credit Facility Annual Principal Payment
LineOfCreditFacilityAnnualPrincipalPayment
|
276807063 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
usd | |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.2097 | pure |
CY2023Q4 | us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
usd | |
us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
usd | ||
CY2022 | hnra |
Net Purchasesdivestitures Of Reserves In Place
NetPurchasesdivestituresOfReservesInPlace
|
usd | |
CY2023 | srt |
Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
|
usd | |
CY2022 | srt |
Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
|
usd | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001842556 |