Joint Development Agreement	3 Months Ended
Mar. 31, 2024
Joint Development Agreement [Abstract]
JOINT DEVELOPMENT AGREEMENT	NOTE 10 – JOINT DEVELOPMENT AGREEMENT On February 6, 2024, the Company and Cottonmouth Ventures LLC (“Cottonmouth”), a subsidiary of Diamondback Energy (“Diamondback”), entered into a joint development agreement (“JDA”) for the proposed development, construction, and operation of a facility to produce commodity-grade gasoline using natural gas feedstock supplied from Diamondback’s operations in the Permian Basin. Diamondback is an independent oil and natural gas company headquartered in Midland, Texas, focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The JDA provides a pathway forward for the parties to reach final definitive documents and Final Investment Decision (“FID”). The JDA frames the contracts contemplated to be entered into between the parties, including an operating agreement, ground lease agreement, construction agreement, license agreement and financing agreements as well as conditions precedent to close such as FID. In connection with entering into the JDA, the Company will begin to incur development costs with respect to the project, prior to reaching a FID and entering into final definitive agreements, irrespective of whether these events occur. The Company is currently evaluating the impact that the JDA will have on its consolidated financial statements.

Joint Development Agreement

3 Months Ended

Mar. 31, 2024

Joint Development Agreement [Abstract]

NOTE 10 – JOINT DEVELOPMENT AGREEMENT

On February 6, 2024, the Company and Cottonmouth Ventures LLC (“Cottonmouth”), a subsidiary of Diamondback Energy (“Diamondback”), entered into a joint development agreement (“JDA”) for the proposed development, construction, and operation of a facility to produce commodity-grade gasoline using natural gas feedstock supplied from Diamondback’s operations in the Permian Basin.

Diamondback is an independent oil and natural gas company headquartered in Midland, Texas, focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

The JDA provides a pathway forward for the parties to reach final definitive documents and Final Investment Decision (“FID”). The JDA frames the contracts contemplated to be entered into between the parties, including an operating agreement, ground lease agreement, construction agreement, license agreement and financing agreements as well as conditions precedent to close such as FID.

In connection with entering into the JDA, the Company will begin to incur development costs with respect to the project, prior to reaching a FID and entering into final definitive agreements, irrespective of whether these events occur. The Company is currently evaluating the impact that the JDA will have on its consolidated financial statements.