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Asset Retirement Obligation | 6 Months Ended
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Jun. 30, 2025
Asset Retirement Obligation Disclosure [Abstract] |
Asset Retirement Obligation | Note 8 – Asset Retirement Obligation The following table presents the changes in the Company’s asset retirement obligations for the periods presented: Schedule of Asset Retirement Obligation
|  | June 30, 2025 |  |  | December 31, 2024 |
|  | (In thousands) |
Asset retirement obligation, at the beginning of the period |  | $ | 227 |  |  | $ | — |
Liabilities assumed in acquisitions |  |  | 2,328 |  |  |  | 221 |
Liabilities incurred through development activities |  |  | 46 |  |  |  | — |
Accretion of asset retirement obligation |  |  | 71 |  |  |  | 6 |
Asset retirement obligation, at the end of the period |  | $ | 2,672 |  |  | $ | 227 |
As of June 30, 2025, the asset retirement obligations liabilities assumed in acquisitions fully relate to the Bayswater Acquisition. Refer to Note 3 – Acquisitions for a discussion of the Bayswater Acquisition. As of June 30, 2025, the asset retirement obligations liabilities incurred through development activities fully relate to the wells which came online in February 2025.

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- Definition The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481850/410-20-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/410-20/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 20 -Topic 410 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481850/410-20-50-2 + Details
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