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OIL AND NATURAL GAS PROPERTIES, NET
 9 Months Ended
Sep. 30, 2024
Extractive Industries [Abstract]  
OIL AND NATURAL GAS PROPERTIES, NET OIL AND NATURAL GAS PROPERTIES, NET
Benchmark's oil and natural gas properties consisted of the following:
September 30, 2024December 31, 2023
(In thousands)
Proved oil and gas properties$193,690 $25,276 
Unproved oil and gas properties4,786 — 
Accumulated depletion and depreciation(8,327)(159)
Oil and natural gas properties, net$190,149 $25,117 
Total depletion and depreciation expense in the consolidated statements of operations was $4.3 million and $8.2 million for the three and nine months ended September 30, 2024, respectively. Our Energy Operations includes depletion and depreciation in cost of production.