| Schedule of Long-Term Debt Instruments |
The following table summarizes the Company’s debt balances: | | | | | | | | | | | | | | | December 31, | | | 2025 | | 2024 | | | Principal | | Carrying | | Principal | | Carrying | (in thousands) | | Value | | Value | | Value | | Value | Current portion of Temple I Loan Agreements | | $ | 191,000 | | $ | 191,000 | | $ | — | | $ | — | Current portion of Temple Term Loan Facility | | | 10,000 | | | 9,387 | | | 10,000 | | | 9,387 | Total current portion of long-term debt, net | | | 201,000 | | | 200,387 | | | 10,000 | | | 9,387 | Temple I Loan Agreement | | | — | | | — | | | 210,000 | | | 210,000 | RBL Credit Agreement | | | — | | | — | | | 165,000 | | | 165,000 | 2030 Senior Notes (7.50%) | | | 500,000 | | | 486,777 | | | — | | | — | Temple Term Loan Facility | | | 391,883 | | | 390,947 | | | 416,365 | | | 414,816 | Temple Revolving Facility | | | 60,000 | | | 60,000 | | | 60,000 | | | 60,000 | Total debt, net | | | 1,152,883 | | | 1,138,111 | | | 861,365 | | | 859,203 | Less: current maturities of long-term debt | | | (201,000) | | | (200,387) | | | (10,000) | | | (9,387) | Total long-term debt, net | | $ | 951,883 | | $ | 937,724 | | $ | 851,365 | | $ | 849,816 |
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| Debt Instrument Redemption |
On or after October 15, 2027, BKV Upstream Midstream may, on any one or more occasions, redeem all or part of the 2030 Senior Notes at the redemption prices set forth below, plus accrued and unpaid interest, if any, to, but not including, the applicable redemption date, if redeemed during the 12-month period beginning on October 15 of the years indicated below: | | | | Year | | Percentage | | 2027 | | 103.750 | % | 2028 | | 101.875 | % | 2029 and thereafter | | 100.000 | % |
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