Property and Equipment, net (Tables)

9 Months Ended

Sep. 30, 2025

Property and Equipment, net [Abstract]

Property and Equipment, net

The Company’s property and equipment, net consisted of the following for the periods presented:

	September 30, 2025			December 31, 2024
	(In thousands)
Proved oil and natural gas properties	$	731,139		$	64,491
Less: Accumulated depletion		(30,343	)		(422	)
Proved oil and natural gas properties, net		700,796			64,069
Unproved oil and natural gas properties		32,662			32,435
Properties in development		43,154			38,027
Oil and natural gas properties, net		776,612			134,531
Other property and equipment		20,881			94
Less: Accumulated depreciation		(437	)		(5	)
Other property and equipment, net		20,444			89
Total property and equipment, net	$	797,056		$	134,620