Asset Retirement Obligations |
12 Months Ended | ||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||
| Schedule of Asset Retirement Obligations Liability [Abstract] | |||||||||||||||||||||
| ASSET RETIREMENT OBLIGATIONS | 10. ASSET RETIREMENT OBLIGATIONS
The Company’s asset retirement obligations primarily relate to the future plugging and abandonment of wells and related assets. The Company estimates the future plugging and abandonment costs of wells, the ultimate productive life of the properties, a risk-adjusted discount rate and an inflation factor in order to determine the current present value of this obligation. To the extent future revisions to these assumptions impact the present value of the existing asset retirement obligation liability, a corresponding adjustment is made to the oil and natural gas property balance.
The following table describes the changes to the Company’s asset retirement obligations liability for the year ended December 31, 2025:
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