Mewbourne Oil Company

Statement of Operations Other Statement of Operations information is as follows: (in thousands) Year Ended December 31, 2024 2023 2022Depreciation, Amortization and Accretion Depreciation - Property, Plant and Equipment $ 40,566 $ 37,859 $ 30,254Amortization - Intangible Assets 37,053 37,569 36,735Accretion of Asset Retirement Obligations 1,369 1,204 535Amortization of Finance Right-of-Use Assets 171 — —Total Depreciation, Amortization and Accretion $ 79,159 $ 76,632 $ 67,524 Other Operating Expense (Income), Net Loss (Gain) on Disposal of Asset, Net $ 102 $ (2,606) $ 478Transaction Costs 997 802 1,520Abandoned Projects 1,537 $ 216 $ 72Other (367) 358 142Total Other Operating Expense (Income), Net $ 2,269 $ (1,230) $ 2,212 Interest Expense, Net Interest on Debt Instruments $ 34,481 $ 34,639 $ 31,609Amortization of Debt Issuance Costs 3,057 2,590 2,440Interest on Finance Lease Obligations 40 — —Total Interest Expense 37,578 37,229 34,049Less: Capitalized Interest (1,345) (4,376) (4,864)Total Interest Expense, Net $ 36,233 $ 32,853 $ 29,185 Significant CustomersCustomers that comprised more than 10% of our total revenue are as follows: Year Ended December 31, 2024 2023 2022 ConocoPhillips 32% 33% 34%Chevron U.S.A. Inc. 21% 18% 11%Mewbourne Oil Company **% 11% 12% **Revenue was less than 10% of total revenue.As of December 31, 2024, ConocoPhillips accounted for 16% and Chevron U.S.A. Inc. accounted for 34% of accounts receivable.