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Property and Equipment, net (Tables)
 12 Months Ended
Dec. 31, 2025
Property and Equipment, net [Abstract]  
Property and Equipment, net
The Company’s property and equipment, net consisted of the following for the years indicated:


  
December 31,
2025
    
December 31,
2024
  
   
(In thousands)
  
Unproved oil and natural gas properties
  
$
32,796
    
$
29,335
  
Properties in development
    
25,101
      
41,127
  
Proved oil and natural gas properties
    
794,835
      
64,491
  
Less: Accumulated depletion
    
(48,653
)
    
(422
)
Proved oil and natural gas properties, net
    
746,182
      
64,069
  
Oil and natural gas properties, net
    
804,079
      
134,531
  
                 
Other property and equipment (1)
    
21,067
      
94
  
Less: Accumulated depreciation
    
(690
)
    
(5
)
Other property and equipment, net
    
20,377
      
89
  
                 
Total property and equipment, net
  
$
824,456
    
$
134,620
  
(1)
For the year ended December 31, 2025, other property and equipment includes several salt–water disposal wells and the associated facilities, equipment, and pipelines acquired in the Bayswater Acquisition in March 2025, refer to Note 3 – Acquisitions for a discussion of the Bayswater Acquisition