Asset Retirement Obligation

9 Months Ended

Sep. 30, 2025

Asset Retirement Obligation [Abstract]

Note 8 – Asset Retirement Obligation

The following table presents the changes in the Company’s asset retirement obligations for the periods presented:

	September 30, 2025		December 31, 2024
	(In thousands)
Asset retirement obligation, at the beginning of the period	$	227	$	—
Liabilities assumed in acquisitions		2.574		221
Liabilities incurred through development activities		237		—
Accretion of asset retirement obligation		147		6
Asset retirement obligation, at the end of the period	$	3,185	$	227

As of September 30, 2025, the asset retirement obligations liabilities assumed in acquisitions relate to the Bayswater Acquisition and the Edge Acquisition, completed in the first and third quarters of 2025, respectively. Refer to Note 3 – Acquisitions for a discussion of the Bayswater Acquisition and Edge Acquisition. As of September 30, 2025, the asset retirement obligations liabilities incurred through development activities fully relate to the wells which came online during 2025.