Supplemental Oil and Gas Disclosures (Unaudited)

12 Months Ended

Dec. 31, 2023

Extractive Industries [Abstract]

Supplemental Oil and Gas Disclosures (Unaudited)

Note 19. Supplemental Oil and Gas Disclosures (Unaudited)

The Company’s oil and natural gas activities are located entirely within the United States.

Costs Incurred

Costs incurred in the acquisition, development, and exploration of oil and natural gas properties and are entirely related to unproved properties:

		Year Ended December 31, 2023		June 7, 2022 (date of inception) through December 31, 2022
Unproved property acquisition costs	$	28,705,404	$	—
Development costs		—		—
Exploration costs		263,757		—
Total	$	28,969,161	$	—

Results of Operations

The Company has no existing oil and gas production or revenue. Our current activities are focused on obtaining requisite permits to begin drilling wells and, as such, we have no results of operations.

Suspended Well Costs

The Company did not incur any exploratory well costs during the year ended December 31, 2023 and the period from June 7, 2022 (date of inception) through December 31, 2022.

Reserve Quantities

The Company had no proved reserves at December 31, 2023 or December 31, 2022.

Standardized Measure of Discounted Future Net Cash Flows

The Company did not have proved reserves at December 31, 2023 or 2022 and, as such, did not calculate a standardized measure of discounted future net cash flows relating to proved oil and natural gas reserves.