v3.25.2
Property and equipment (Tables)
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Benchmark Prices and Realized Prices
The following table presents the Benchmark Prices and the Realized Prices utilized in the full cost ceiling calculation as of the dates presented:
June 30, 2025March 31, 2025December 31, 2024September 30, 2024June 30, 2024
Benchmark Prices:
Oil ($/Bbl)$70.48 $74.52 $75.48 $78.64 $79.00 
NGL ($/Bbl)(1)
$70.48 $74.52 $75.48 $78.64 $79.00 
Natural gas ($/MMBtu)$2.86 $2.44 $2.13 $2.21 $2.32 
Realized Prices:
Oil ($/Bbl)$71.47 $75.55 $76.76 $79.92 $80.31 
NGL ($/Bbl)$15.65 $13.87 $13.66 $14.06 $14.10 
Natural gas ($/Mcf)$0.98 $1.04 $0.85 $0.81 $0.90 
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(1)    The Company utilizes WTI NYMEX in the calculation of its NGL Benchmark Prices.
Property, Plant and Equipment The following table presents full cost ceiling impairment expense, which is included in "Impairment expense" on the unaudited consolidated statements of operations, for the periods presented:
Three months ended June 30,Six months ended June 30,
(in thousands)2025202420252024
Full cost ceiling impairment expense$427,046 $— $585,287 $—