Oil and Gas Properties |
12 Months Ended | |||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||
| Oil and Gas Properties [Abstract] | ||||||||||||||||||||||||||||||||||||
| OIL AND GAS PROPERTIES | 9. OIL AND GAS PROPERTIES
Oil and gas properties include the cost of properties, equipment and facilities for oil and natural-gas producing activities, excluding any asset retirement obligations. At December 31, 2025, the Company’s oil and gas properties, net consisted of the following:
The average depletion rate per barrel equivalent unit of production was $42.67 for the year ended December 31, 2025. Depletion expense for oil and natural gas properties was $199,430 for the year ended December 31, 2025. |
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