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OIL AND NATURAL GAS PROPERTIES, NET
 3 Months Ended
Mar. 31, 2024
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, 2024December 31, 2023
(In thousands)
Total proved properties costs$25,533 $25,276 
Accumulated depletion and depreciation(581)(159)
Oil and natural gas properties, net$24,952 $25,117 
Total depletion and depreciation expense in the consolidated statements of operations was $422,000 for the three months ended March 31, 2024 and 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, 2024.