v3.26.1
MORGAN EP, INC (Details 2) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net decrease in net assets resulting from operations $ (14,164) $ (18,777) $ 12,949
Other receivables 1,278 1,245 225
Net cash provided by operating activities (2,129) 38,234 (51,359)
Cash flows provided by financing activities 2,000 (44,955) 39,058
Net change in cash (129) (6,721) (12,301)
Cash paid for interest 182 138 25
Morgan E&P, Inc. [Member]      
Net decrease in net assets resulting from operations (7,025) (11,759) (1,804)
Depreciation, depletion, amortization 170 1,467 61
Amortization of deferred financing costs 33 0 0
Amortization of right-of-use asset 42 43 12
Accretion 1 1 0
Provision for credit losses 282 0 0
Impairment of oil and gas properties 2,018 6,678 0
Accounts receivable - oil and natural gas sales 61 121 (464)
Accounts receivable - joint interest billings (276) (1,508) (291)
Other receivables (47) (2) 0
Prepaids and other current assets (37) 98 (133)
Accounts payable (393) 4,284 85
Revenue payable (105) 518 221
Prepayments from owners 0 0 (1,701)
Due to parent 598 537 13
Current portion of operating lease liabilities (47) (28) 0
Accrued liabilities 567 (3,772) 810
Long Term Accrued liabilities - due to parent 1,278 1,246 225
Net cash provided by operating activities (2,880) (2,076) 436
Capital expenditures (42) (2,597) (5,700)
Acquisition of oil and gas properties 0 0 (500)
Additions to other property, plant and equipment 0 0 (48)
Net cash used in investing activities (42) (2,597) (6,248)
Proceeds from note payable - affiliate 0 2,247 8,253
Proceeds from short-term debt 3,000 0 0
Deferred financing costs paid 75 0 0
Cash flows provided by financing activities 2,925 2,247 8,253
Net change in cash 3 (2,426) 2,441
Beginning of year 15 2,441 0
End of year 18 15 2,441
Operating lease right-of-use assets 0 0 (282)
Cash paid for interest 100 0 0
Acquisition of oil and natural gas working interests funded by accrued liabilities 0 (3,019) 0
Capital expenditures funded by accrued liabilities 6,820 849 4,181
Prepayments applied to joint interest receivables 0 122 1,579
Change in asset retirement costs $ 0 $ (1) $ 4