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OIL AND NATURAL GAS PROPERTIES, NET
 3 Months Ended
Mar. 31, 2025
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:
March 31, 2025December 31, 2024
(In thousands)
Proved oil and gas properties$200,961 $199,559 
Unproved oil and gas properties4,786 4,786 
Accumulated depletion and depreciation(16,643)(12,665)
Oil and natural gas properties, net$189,104 $191,680 
Total depletion and depreciation expense in the condensed consolidated statements of operations and comprehensive income (loss) was $4.0 million and $442,000 for the three months ended March 31, 2025 and 2024, respectively. Our Energy Operations includes depletion and depreciation in cost of production.