| Schedule of Natural Gas and Oil Properties |
The following is a summary of natural gas and oil properties as of June 30, 2026, and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Proved properties |
|
$ |
347,838 |
|
|
$ |
327,342 |
|
Unproved properties |
|
|
192,581 |
|
|
|
176,240 |
|
Natural gas and oil mineral interests, gross |
|
$ |
540,419 |
|
|
$ |
503,582 |
|
Accumulated depletion |
|
|
(62,786 |
) |
|
|
(42,996 |
) |
Natural gas and oil mineral interests, net |
|
$ |
477,633 |
|
|
$ |
460,586 |
|
|
The following is a summary of natural gas and oil properties as of December 31, 2025, and 2024 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
December 31,
2025 |
|
|
December 31,
2024 |
|
Proved properties |
|
$ |
327,342 |
|
|
$ |
110,001 |
|
Unproved properties |
|
|
176,240 |
|
|
|
63,932 |
|
Natural gas and oil mineral interests, gross |
|
$ |
503,582 |
|
|
$ |
173,933 |
|
Accumulated depletion |
|
|
(42,996 |
) |
|
|
(18,849 |
) |
Natural gas and oil mineral interests, net |
|
$ |
460,586 |
|
|
$ |
155,084 |
|
|