XML 23 R12.htm IDEA: XBRL DOCUMENT v3.26.1
OIL AND NATURAL GAS PROPERTIES, NET
 3 Months Ended
Mar. 31, 2026
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, 2026December 31, 2025
(In thousands)
Proved oil and gas properties$218,638 $210,280 
Unproved oil and gas properties8,121 8,065 
Accumulated depletion and depreciation(30,880)(27,640)
Oil and natural gas properties, net$195,879 $190,705 
Total depletion and depreciation expense for the proved oil and gas properties in the consolidated statements of operations and comprehensive income (loss) was $3.3 million and $3.9 million, respectively, for the three months ended March 31, 2026 and 2025. Our Energy Operations includes depletion and depreciation in cost of production. Benchmark determined no impairment to proved oil and natural gas properties was necessary as of March 31, 2026 and December 31, 2025.