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OIL AND NATURAL GAS PROPERTIES, NET
 12 Months Ended
Dec. 31, 2023
Extractive Industries [Abstract]  
OIL AND NATURAL GAS PROPERTIES, NET OIL AND NATURAL GAS PROPERTIES, NET
Oil and natural gas properties consisted of the following at December 31, 2023:
December 31, 2023
(In thousands)
Total proved properties costs$25,276 
Accumulated depletion and depreciation(159)
Oil and natural gas properties, net$25,117 
Total depletion and depreciation expense in the consolidated statements of operations was $245,000 for the period from November 13, 2023 through December 31, 2023 and includes depletion and depreciation in cost of production. Benchmark determined no impairment to proved oil and natural gas properties was necessary as of December 31, 2023.