Note 17 - Supplemental Oil and Natural Gas Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2025

Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Table Text Block]

	*2025*		*2024*
	(in thousands)
Proved property acquisition	$	-	$	-
Development ⁽¹⁾		-		1,213
Exploration		-		-

Total	$	-	$	1,213

Oil and Gas, Capitalized Cost [Table Text Block]

	*2025*			*2024*
	(in thousands)
Oil and Natural Gas Properties:
Evaluated properties in full cost pool (1)		132,459			142,029
Less accumulated depletion (2)		(117,237	)		(112,958	)

Net capitalized costs	$	15,222		$	29,071

Oil and Gas, Result of Operation, Producing Activity [Table Text Block]

	*2025*			*2024*
	(in thousands)
Oil and natural gas sales	$	7,353		$	20,619
Lease operating expense		(5,174	)		(11,160	)
Gathering, treating, and transportation costs		(59	)		(205	)
Production taxes		(539	)		(1,213	)
Depletion		(2,261	)		(6,369	)
Income tax (expense) benefit		(6	)		(20	)

Results of operations from oil and natural gas producing activities	$	(686	)	$	1,652

Oil and Gas, Proved Reserve, Quantity [Table Text Block]

	*2025*						*2024*
	*Oil*			*Gas*			*Oil*			*Gas*
	*(bbls)*			(mcfe) ⁽¹⁾			*(bbls)*			(mcfe) ⁽¹⁾

Total proved reserves:
Reserve quantities, beginning of year		1,592,306			2,306,915			3,182,861			10,082,386
Revisions of previous estimates		(120,898	)		220,809			(515,318	)		(2,546,079	)
Discoveries and extensions		-			-			-			-
Purchases of minerals in place		-			-			-			-
Sale of minerals in place		(271,457	)		(27,997	)		(819,071	)		(4,271,067	)
Production		(112,797	)		(311,729	)		(256,166	)		(958,325	)

Reserve quantities, end of year		1,087,155			2,187,999			1,592,306			2,306,915

Oil and Gas, Average Sale Price and Production Cost [Table Text Block]

	*2025*		*2024*

Oil per Bbl	$	65.34	$	75.48
Gas per Mmbtu	$	3.39	$	2.13

Oil and Gas, Standardized Measure, Discounted Future Net Cash Flow [Table Text Block]

	*2025*			*2024*
	(in thousands)
Future cash inflows	$	71,278		$	117,237
Future cash outflows:
Production costs		(35,496	)	$	(63,555	)
Development costs		(9,988	)		(28,142	)
Income taxes		-			-

Future net cash flows		25,794		$	25,540
10% annual discount factor		(9,066	)		(1,714	)

Standardized measure of discounted future net cash flows	$	16,728		$	23,826

Oil and Gas, Change in Standardized Measure, Discounted Future Net Cash Flow [Table Text Block]

	*2025*			*2024*
	(in thousands)
Standardized measure, beginning of year	$	23,826		$	60,282
Sales of oil and natural gas, net of production costs		(1,581	)		(7,978	)
Net changes in prices and production costs		(4,829	)		(1,303	)
Changes in estimated future development costs		3,017			1,788
Sale of minerals in place		(3,577	)		(23,116	)
Revisions in previous quantity estimates		(1,089	)		(14,188	)
Previously estimated development costs incurred		231			374
Net changes in income taxes		-			2,611
Accretion of discount		2,499			6,073
Changes in timing and other		(1,770	)		(717	)

Standardized measure, end of year	$	16,727		$	23,826

- Definition

Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period.

+ References + Details

US ENERGY CORP 10-K