Asset Retirement Obligation

12 Months Ended

Dec. 31, 2024

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligation

Note 8 – Asset Retirement Obligation

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

	December 31, 2024		December 31, 2023
	(In thousands)
Asset retirement obligation, at the beginning of the period	$	—	$	—
Liabilities incurred in acquisitions		221		—
Accretion of asset retirement obligation		6		—
Asset retirement obligation, at the end of the period	$	227	$	—

The Company did not have any producing assets until the NRO Acquisition was closed on October 1, 2024, therefore it did not have any asset retirement obligations prior to that date. Refer to Note 4 – Acquisitions and Merger for a further discussion of the NRO Acquisition.