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OIL AND NATURAL GAS PROPERTIES, NET
 6 Months Ended
Jun. 30, 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:
June 30, 2025December 31, 2024
(In thousands)
Proved oil and gas properties$202,838 $199,559 
Unproved oil and gas properties4,786 4,786 
Accumulated depletion and depreciation(20,529)(12,665)
Oil and natural gas properties, net$187,095 $191,680 
Total depletion and depreciation expense in the consolidated statements of operations and comprehensive income (loss) was $3.9 million and $3.5 million for the three months ended June 30, 2025 and 2024, respectively. For the six months ended June 30, 2025 and 2024, total depletion and depreciation expense in the consolidated statements of operations and comprehensive income (loss) was $7.9 million and $3.9 million, respectively. Our Energy Operations includes depletion and depreciation in cost of production.