| Schedule of Property and Equipment, net |
The
Company’s property and equipment, net consisted of the following for the periods presented:
Schedule
of Property and Equipment, net
| | |
June 30, 2025 | | |
December 31, 2024 | |
| | |
(In thousands) | |
| Oil and natural gas properties: | |
| | | |
| | |
| Unproved properties | |
$ | 35,575 | | |
$ | 32,435 | |
| Properties in development | |
| 56,293 | | |
| 38,028 | |
| Proved properties | |
| 639,910 | | |
| 64,490 | |
| Total oil and natural gas properties | |
| 731,778 | | |
| 134,953 | |
| Less: Accumulated depreciation, depletion, and amortization | |
| (14,518 | ) | |
| (422 | ) |
| Oil and natural gas properties, net | |
| 717,260 | | |
| 134,531 | |
| | |
| | | |
| | |
| Other property and equipment | |
| 21,277 | | |
| 94 | |
| Less: Accumulated depreciation, depletion, and amortization | |
| (224 | ) | |
| (5 | ) |
| Other property and equipment, net | |
| 21,053 | | |
| 89 | |
| | |
| | | |
| | |
| Total property and equipment, net | |
$ | 738,313 | | |
$ | 134,620 | |
|