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DIVESTITURE OF NATURAL GAS AND OIL PROPERTIES
9 Months Ended
Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
DIVESTITURE OF NATURAL GAS AND OIL PROPERTIES

(2) DIVESTITURE OF NATURAL GAS AND OIL PROPERTIES

On September 2, 2025, the Company sold its interest in natural gas properties in East Texas and North Louisiana for net proceeds of $15.2 million. The properties sold included the Company's interest in 883 (770.9 net) producing wells and 46 (27.3 net) inactive wells. The Company incurred a $2.5 million pre-tax loss on the divestiture. The Company's reserve for future abandonment costs was reduced by $13.8 million as a result of the divestiture. The properties produced approximately 7.9 MMcfe per day in August 2025.