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Supplemental Disclosure of Oil and Natural Gas Operations (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2023
Supplemental Disclosure of Oil and Natural Gas Operations (Unaudited) [Abstract]  
Schedule of Capitalized Costs Related to Crude Oil and Natural Gas Exploration and Production Activities Aggregate capitalized costs related to crude oil and natural gas exploration and production activities with applicable accumulated depreciation, depletion, and amortization are presented below as of the dates indicated:
   As of December 31, 
   2023   2022 
Oil and natural gas properties  Successor   Predecessor 
         
Proved  $94,189,372   $64,799,213 
Less: accumulated depreciation, depletion, and amortization   (352,127)   (9,592,296)
Net oil and natural gas properties capitalized costs  $93,837,245   $55,206,917 
Schedule of Costs Incurred in Crude Oil and Natural Gas Exploration Costs incurred in crude oil and natural gas exploration and development for the periods presented:
   Successor   Predecessor 
   November 15, 2023 to
December 31,
2023
   January 1,
2023 to
November 14,
2023
   For the
year ended
December 31,
2022
 
Exploration costs  $
-
   $
-
   $1,031,300 
Development costs   238,499    6,769,557    15,048,100 
Total  $238,499   $6,769,557   $16,079,400 

 

Schedule of Proved Developed and Proved Undeveloped Reserves The following table and subsequent narrative disclosure provides a roll forward of the total proved reserves for the years ended December 31, 2023 and 2022 as well as proved developed and proved undeveloped reserves at the beginning and end of each respective year:
   For the years ended December 31, 
   2023       2022 
   Oil
(MBbls)
   Natural
Gas
(MMcf)
   Total
(MBoe)
   Oil
(MBbls)
   Natural
Gas
(MMcf)
   Total
(MBoe)
 
Proved Reserves:                        
Beginning of period   17,577    4,572    18,339    17,868    3,714    18,487 
Extensions and discoveries   1,817    277    1,863    
    
    
 
Dispositions   (1,758)   (457)   (1,834)   
    
    
 
Revisions to previous estimates   (1,758)   (729)   (1,995)   106    1,315    325 
Production   (349)   (356)   (409)   (397)   (457)   (473)
End of period   15,414    3,307    15,965    17,577    4,572    18,339 
Proved Developed Reserves:                              
Beginning of period   13,014    3,572    13,609    13,161    2,875    13,640 
End of period   11,277    2,456    11,686    13,014    3,572    13,609 
Proved Undeveloped Reserves:                              
Beginning of period   4,564    1,000    4,730    4,707    839    4,847 
End of period   4,137    850    4,279    4,564    1,000    4,730 
Schedule of Standardized Measure of Discounted Future Net Cash Flows The standardized measure of discounted future net cash flows relating to proved oil and natural gas reserves is as follows:
   For the year ended
December 31,
 
   2023   2023 
   Successor   Predecessor 
   (in thousands) 
Future cash inflows  $1,216,840   $1,680,514 
Future production costs   (438,653)   (451,155)
Future development costs   (94,156)   (124,216)
Future net cash flows   684,031    1,105,143 
10% annual discount for estimated timing of cash flows   (403,413)   (585,596)
Standardized measure of discounted future net cash flows  $280,618   $519,547 

 

Schedule of Changes in the Standardized Measure of Discounted Future Net Cash Flows Changes in the standardized measure of discounted future net cash flows relating to proved oil and natural gas reserves are as follows:
   For the year ended
December 31,
 
   2023   2022 
   (in thousands) 
Balance, beginning of period (Predecessor)  $519,547   $307,409 
Net change in sales and transfer prices and in production (lifting) costs related to future production   (95,981)   176,448 
Sales and transfers of oil and natural gas produced during the period   (22,914)   (23,501)
Changes in estimated future development costs   (2,313)   12,926)
Previously estimated development incurred during the period   7,008    2,100 
Net purchases (divestitures) of reserves in place   (138,893)   
 
Net change due to revisions in quantity estimates   (45,534)   9,217 
Net change due to extensions and discoveries, and improved recovery   
    
 
Accretion of discount   51,955    30,741 
Timing and other differences   7,742    4,207 
Standardized measure of discounted future net cash flows (Successor for 2023, Predecessor for 2022)  $280,618   $519,547