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Supplemental Disclosure of Oil and Natural Gas Operations (Unaudited) (Tables) | 12 Months Ended
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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 |  |  |  | 495 |  |  |  | 1,901 |  |  |  | — |  |  |  | — |  |  |  | — |
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 |  |  |  | 3,525 |  |  |  | 16,002 |  |  |  | 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 |  |  |  | 2,675 |  |  |  | 11,723 |  |  |  | 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 |  |  | 2022 |
|  | 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 |

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- Definition Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Form 20-F -Number Part II -Section Item 18 -Subparagraph (Instruction 2) -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 55 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477916/932-235-55-2 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477215/932-235-50-3 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477215/932-235-50-8 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477215/932-235-50-8 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477215/932-235-50-7 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477215/932-235-50-4 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477215/932-235-50-8 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477215/932-235-50-5 + Details
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- Definition Tabular disclosure of the future net cash flows relating to proved oil and gas reserves and oil and gas subject to purchase under long-term agreements in which the enterprise participates in the operation of the properties on which the oil and gas is located or otherwise serves as the producer. This information is presented in aggregate and for each geographic area for which reserve quantities are disclosed. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Form 20-F -Number Part II -Section Item 18 -Subparagraph (Instruction 2) -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 55 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477916/932-235-55-6 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477215/932-235-50-29 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 31 -SubTopic 235 -Topic 932 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477215/932-235-50-31 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 33 -SubTopic 235 -Topic 932 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477215/932-235-50-33 + Details
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