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OIL AND NATURAL GAS PROPERTIES (Details) - USD ($) $ in Thousands | 12 Months Ended |
--- | --- | ---
Dec. 31, 2024 | Dec. 31, 2023
OIL AND NATURAL GAS PROPERTIES |  |
Subject to depletion | $ 816,186 | $ 755,482
Incurred in 2024 | 1 |
Incurred in 2023 | 31 | 31
Incurred in 2022 and prior | 49,059 | 58,878
Total not subject to depletion | 49,091 | 58,909
Gross oil and natural gas properties | 865,277 | 814,391
Less - accumulated depletion | (497,272) | (445,975)
Net oil and natural gas properties | $ 368,005 | 368,416
Maximum discount percentage of estimated future net revenues for full cost ceiling limitation | 10.00% |
Depletion expense | $ 51,300 | $ 55,200

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- Definition The other capitalized costs incurred (excluded from amortization), in 2021 and prior, in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling. + References No definition available. + Details
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- Definition The other capitalized costs incurred (excluded from amortization), in 2022, in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling. + References No definition available. + Details
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- Definition The other capitalized costs incurred (excluded from amortization), in 2023, in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling. + References No definition available. + Details
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- Definition The sum of the capitalized costs incurred, as of the balance sheet date, of unproved properties excluded from amortization including acquisition costs, exploration costs, development costs, and production costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-10.(c)(7)(ii)) -SubTopic 10 -Topic 932 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479664/932-10-S99-1 + Details
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- Definition Capitalized costs of proved properties incurred for any combination mineral interests acquisitions; wells and related equipment; support equipment and facilities; and uncompleted wells and equipment and other costs not previously disclosed within this table. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 932 -SubTopic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//932-360/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482274/932-235-50-13 + Details
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