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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies.  
Schedule of funding commitment The table below outlines our funding commitment under these agreements at December 31, 2023 (in thousands):

    

Payment Due by Period

Funding commitment

Total

    

2024

    

2025

    

2026

    

2027

    

2028

    

Thereafter (1)

Sinking fund payments

$

157,888

$

15,789

$

15,789

$

15,789

$

15,789

$

15,789

$

78,943

(1)The remaining payments will be made during the years of 2029 through 2033.
Purchase Commitments Under the Contracts

At December 31, 2023, the Company had a CO2 purchase commitment with a third party associated with its Bairoil properties. The price we will pay for CO2 generally varies depending on the amount of CO2 delivered and the price of oil. The table below outlines its purchase commitments under these contracts based on pricing at December 31, 2023 (in thousands):

    

Payment or Settlement Due by Period

Purchase commitment

Total

    

2024

    

2025

    

2026

    

2027

    

2028

    

Thereafter

CO2 minimum purchase commitment

$

7,907

$

4,006

$

3,901

$

$

$

$