Consolidated Statements of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2025	Dec. 31, 2024
Cash flows from operating activities:
Net income (loss) from continuing operations		$ 32,051	$ (39,867)
Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation, depletion, and amortization		48,916	427
Accretion of asset retirement obligation		247	6
Abandonment and impairment of unproved properties		3,409	0
Stock based compensation		14,764	8,377
Unrealized (gain) loss on derivatives		(57,834)	4,395
Loss on adjustment to fair value – embedded derivatives, debt, and warrants		63,341	5,358
Deferred income tax expense		21,654	0
Amortization of deferred financing costs		3,175	35
Loss on issuance of debt		0	3,039
Non–cash SEPA commitment fee	[1]	0	600
Oil, natural gas, and NGL accrued revenue		(19,703)	(3,024)
Joint interest and other receivables		(6,229)	(9,241)
Inventory		(3,552)	0
Prepaid expenses and other current assets		(1,140)	(74)
Accounts payable and accrued expenses		19,202	18,590
Oil, natural gas, and NGL revenue payable		17,478	1,140
Ad valorem and production taxes payable		17,947	496
Other assets and liabilities		176	(65)
Net cash provided by (used in) continuing operating activities		153,902	(9,808)
Net cash provided by discontinued operations		0	460
Net cash provided by (used in) operating activities		153,902	(9,348)
Cash paid for Bayswater asset purchase, net of cash received		(459,593)	0
Development of oil and natural gas properties		(177,700)	(28,522)
Other asset and leasehold purchases		(19,428)	(94)
Cash received from payment on note receivable related to sale of cryptocurrency miners		805	338
Cash paid for Nickel Road asset purchase, net of cash received		0	(55,509)
Transaction expenses paid related to Nickel Road asset purchase		0	(239)
Deposit on other oil and natural gas properties purchase		0	(382)
Cash received from sale of cryptocurrency miners		0	1,000
Net cash used in investing activities		(655,916)	(83,408)
Cash flows from financing activities:
Borrowings on the Credit Facility		390,000	28,000
Repayment on the Credit Facility		(52,000)	0
Debt issuance costs associated with the Credit Facility		(14,085)	(336)
Proceeds from the issuance of Common Stock		43,817	15,000
Financing costs associated with issuance of Common Stock		(3,857)	(5,008)
Proceeds from the issuance of Series F Preferred Stock		148,250	0
Financing costs associated with the issuance of Series F Preferred Stock		(12,171)	0
Proceeds from the issuance of the Subordinated Note – related party		0	5,000
Payments of the Subordinated Note – related party		(3,214)	(1,786)
Proceeds from the issuance of the Senior Convertible Note		0	14,250
Payments of the Senior Convertible Note		0	(3,748)
Proceeds from option exercise		633	0
Treasury stock repurchased		(531)	0
Proceeds from the exercise of Series D and E Preferred Stock warrants		0	33,539
Net cash provided by financing activities		496,842	84,911
Net decrease in cash and cash equivalents		(5,172)	(7,845)
Cash and cash equivalents, beginning of the year		5,192	13,037
Cash and cash equivalents, end of the year		$ 20	$ 5,192

[1] Pursuant to the SEPA, the Company issued 100,000 shares to YA II PN, LTD., a Cayman Islands exempt limited company (“Yorkville”) as a commitment fee. Refer to Note 14 – Stockholders’ Equity for a discussion of the SEPA.