| Schedule of Property, Plant and Equipment, Net |
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Oil and natural gas properties |
|
|
|
|
|
|
Proved |
|
$ |
36,179 |
|
|
$ |
36,179 |
|
Unproved |
|
|
2,932 |
|
|
|
2,932 |
|
Total oil and natural gas properties |
|
|
39,111 |
|
|
|
39,111 |
|
Land and land improvements |
|
|
1,040,806 |
|
|
|
1,031,128 |
|
Water wells, pipelines, facilities, ponds and related equipment |
|
|
31,164 |
|
|
|
29,981 |
|
Buildings, vehicles, equipment, furniture and other |
|
|
8,215 |
|
|
|
7,778 |
|
Construction in progress |
|
|
296 |
|
|
|
107 |
|
Total property, plant and equipment |
|
|
1,119,592 |
|
|
|
1,108,105 |
|
Less: accumulated depreciation and depletion |
|
|
(26,842 |
) |
|
|
(23,655 |
) |
Total property, plant and equipment, net |
|
$ |
1,092,750 |
|
|
$ |
1,084,450 |
|
|
| Schedule of Depreciation Expense and Depletion Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Depreciation expense |
|
$ |
1,095 |
|
|
$ |
783 |
|
|
$ |
2,160 |
|
|
$ |
1,547 |
|
Depletion expense |
|
|
521 |
|
|
|
622 |
|
|
|
1,122 |
|
|
|
1,319 |
|
Total depreciation and depletion expense |
|
$ |
1,616 |
|
|
$ |
1,405 |
|
|
$ |
3,282 |
|
|
$ |
2,866 |
|
|