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v3.25.2

Schedule of Property and Equipment, net (Details) - USD ($) $ in Thousands | Jun. 30, 2025 | Dec. 31, 2024 | Jun. 30, 2024
--- | --- | --- | ---
Property, Plant and Equipment [Abstract] |  |  |
Unproved properties | $ 35,575 | $ 32,435 | $ 23,900
Properties in development | 56,293 | 38,028 |
Proved properties | 639,910 | 64,490 |
Total oil and natural gas properties | 731,778 | 134,953 |
Less: Accumulated depreciation, depletion, and amortization | (14,518) | (422) |
Oil and natural gas properties, net | 717,260 | 134,531 |
Other property and equipment | 21,277 | 94 |
Less: Accumulated depreciation, depletion, and amortization | (224) | (5) |
Other property and equipment, net | 21,053 | 89 |
Total property and equipment, net | $ 738,313 | $ 134,620 |

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