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Inventories
12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
Inventories

Note 8. Inventories

 

As of December 31, 2023 and 2022, inventories of $44,632 and $47,180 consist of crude oil. The crude oil is related to our oil gathering facility in Delhi, Louisiana. As of December 31, 2022, an impairment loss of $192,000 related to the Fenix Iron was realized. Inventories are valued at the lower of cost or market (net realizable value).