Supplemental Information on Oil and Natural Gas Operations (Unaudited) (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Supplemental Information on Oil and Natural Gas Operations (unaudited) [Abstract] |
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| Schedule of Net Proved Oil and Gas Reserve Quantities |
The following table presents changes in the Company’s estimated proved reserves. As of December 31, 2025, none of the Company’s total proved reserves were classified as proved developed non-producing. | | | Crude Oil
(Bbl) | | | Proved reserves, December 31, 2024 | | | - | | | Revisions of previous estimates | | | - | | | Improved recovery | | | - | | | Extensions and discoveries | | | - | | | Purchases of reserves in place | | | 152,595 | | | Sales of reserves in place | | | - | | | Production | | | (4,695 | ) | | Proved reserves, December 31, 2025 | | | 147,900 | |
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| Schedule of Proved Reserves by Category |
Proved reserves by category at December 31, 2025 where: | Reserve Subcategory | | Oil (Bbl) | | | Proved developed producing (PDP) | | | 147,900 | | | Proved developed non-producing (PDNP) | | | - | | | Proved undeveloped (PUD) | | | - | | | Total proved reserves | | | 147,900 | |
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| Schedule of Capitalized Oil and Natural Gas Costs |
The aggregate capitalized costs relating to the Company’s oil and gas producing activities, with applicable accumulated depreciation, depletion, amortization, and impairment, are as follows at December 31, 2025: | Proved properties - NAHD (Feb 2025) | | | 5,226,632.00 | | | Proved properties - Sherman Oil | | | 1,000,000.00 | | | Unproved properties | | | 60,000.00 | | | Total gross capitalized costs | | | 6,286,632.00 | | | Less: Accumulated full-cost write downs | | | -2,082,613.00 | | | Less: Accumulated depreciation, depletion, amortization | | | -199,430.00 | | | Net capitalized costs | | | 4,004,589.00 | |
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| Schedule of Costs Incurred in Oil and Natural Gas Activities |
The Company’s costs incurred in oil and gas property acquisition, exploration, and development activities for the year ended December 31, 2025 are summarized below: | | | | | | Acquisition costs - proved properties | | $ | 4,449,297 | | | Acquisition costs - unproved properties | | | 60,000 | | | Exploration costs | | | - | | | Development costs | | | - | | | Asset retirement costs capitalized | | | 1,777,335 | | | Total costs incurred | | $ | 6,286,632 | |
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| Schedule of Results of Operations from Oil and Natural Gas Producing Activities |
The Company’s results of operations from oil and gas producing activities for the year ended December 31, 2025 are presented below. These results exclude corporate general and administrative expenses, interest expense, and other items not directly associated with oil and gas producing activities. | | | | | | Oil and gas revenues | | $ | 288,467 | | | Production costs: | | | | | | Lease operating expenses | | | (691,461 | ) | | Production taxes (severance) | | | (13,299 | ) | | Ad valorem taxes | | | - | | | Total production costs | | | (704,760 | ) | | Exploration expenses | | | - | | | Depreciation, depletion, and amortization | | | (199,430 | ) | | Full-cost ceiling test write-down | | | (2,082,613 | ) | | Results of operations before income taxes | | | (2,698,336 | ) | | Income tax benefit (at 21% federal statutory rate) | | | 566,650 | | | Results of operations from oil and gas producing activities | | $ | (2,131,686 | ) |
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| Schedule of Standardized Measure of Discounted Future Net Cash Flows |
The following table sets forth the standardized measure of discounted future net cash flows attributable to the Company’s proved oil and natural gas reserves as of December 31, 2025: | | | | | | Future cash inflows | | $ | 9,762,879 | | | Future production costs | | | (3,349,805 | ) | | Future development costs(1) | | | (1,490,000 | ) | | Future income tax expenses | | | (1,033,846 | ) | | Future net cash flows | | | 3,889,228 | | | 10% annual discount for estimated timing of cash flows | | | (1,456,880 | ) | | Standardized measure of discounted future net cash flows | | $ | 2,432,348 | | | (1) | Future development costs included an additional aggregate plugging liability of approximately $300,000 on a present-value basis exists. |
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| Schedule of Changes in the Standardized Measure of Discounted Future Net Cash Flows |
Principal changes in the standardized measure of discounted future net cash flows attributable to the Company’s proved reserves are as follows: | Standardized measure, December 31, 2024 | | $ | - | | | Sales of oil and gas produced, net of production costs | | | 416,292 | | | Net changes in prices and production costs | | | - | | | Extensions, discoveries, additions, and improved recovery | | | - | | | Development costs incurred during the period | | | - | | | Revisions of previous quantity estimates | | | - | | | Accretion of discount | | | 212,830 | | | Net change in income taxes | | | (646,574 | ) | | Purchases of reserves in place | | | 2,449,799 | | | Sales of reserves in place | | | - | | | Changes in production timing and other | | | - | | | Standardized measure, December 31, 2025 | | $ | 2,432,348 | |
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