Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies.

Schedule of funding commitment

The table below outlines our funding commitment under these agreements at December 31, 2024 (in thousands):

	Payment Due by Period
Funding commitment	Total		2025		2026		2027		2028		2029		Thereafter (1)
Federal escrow fund payments	$	138,253	$	8,000	$	8,000	$	8,000	$	8,000	$	8,000	$	98,253
State escrow fund payments		9,213		1,034		1,034		1,034		1,034		1,034		4,043
Total sinking fund payments	$	147,466	$	9,034	$	9,034	$	9,034	$	9,034	$	9,034	$	102,296

(1) The remaining payments will be made during the years of 2030 through 2042.

Schedule of purchase commitments under the contracts

At December 31, 2024, the Company had a CO₂ purchase commitment with a third party associated with its Bairoil properties. The price we will pay for CO₂ generally varies depending on the amount of CO₂ delivered and the price of oil. The table below outlines its purchase commitments under these contracts based on pricing at December 31, 2024 (in thousands):

	Payment or Settlement Due by Period
Purchase commitment	Total		2025		2026		2027		2028		2029		Thereafter
CO2 minimum purchase commitment	$	3,770	$	3,770	$	—	$	—	$	—	$	—	$	—