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Property, Plant and Equipment (Tables)
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment, Net

As of June 30, 2024 and December 31, 2023, property, plant and equipment, net of accumulated depreciation consisted of the following:

 

 

 

June 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Oil and natural gas properties

 

 

 

 

 

 

Proved

 

$

36,054

 

 

$

36,054

 

Unproved

 

 

3,057

 

 

 

3,057

 

Total oil and natural gas properties

 

 

39,111

 

 

 

39,111

 

Land and land improvements

 

 

585,485

 

 

 

157,737

 

Water wells, pipelines, facilities, ponds and related equipment

 

 

15,574

 

 

 

15,132

 

Buildings, vehicles, equipment, furniture and other

 

 

3,498

 

 

 

2,594

 

Construction in progress

 

 

774

 

 

 

-

 

 

 

644,442

 

 

 

214,574

 

Less: accumulated depreciation and depletion

 

 

(14,630

)

 

 

(11,556

)

Total property, plant and equipment, net

 

$

629,812

 

 

$

203,018