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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating activities:        
Net income $ 25,081 $ 5,101 $ 34,893 $ 21,327
Adjustments to reconcile net income to net cash provided by operating activities:        
Depletion and accretion expense 53,412 41,592 101,857 82,533
Impairments of unproved properties 0 0 0 732
Unrealized (gain) loss on derivatives - commodity derivatives     (8,210) 10,605
Stock-based compensation     1,048 1,095
Amortization of deferred financing costs     800 2,811
Loss on equity investments 5,795 8,774 15,766 995
Deferred income taxes     10,275 6,403
Other     (258) (71)
Increase (decrease) in cash attributable to changes in operating assets and liabilities:        
Revenue receivable     (6,956) 5,685
Other receivable     118 530
Accounts payable and accrued liabilities     3,202 (2,398)
Prepaid and other current assets     1,497 (1,294)
Other liabilities     102 3,889
Net cash provided by operating activities     154,134 132,842
Investing activities:        
Capital expenditures for oil and natural gas properties     (164,533) (135,874)
Acquisition of oil and natural gas properties     (44,861) (20,868)
Proceeds from the sale of equity investments     4,991 0
Proceeds from sale of oil and natural gas properties     175 2,881
Refund of advances to operators     3,695 1,282
Net cash used in investing activities     (200,533) (152,579)
Financing activities:        
Proceeds from borrowing on credit facilities     95,000 55,000
Repayments of borrowing on credit facilities     (25,000) 0
Deferred financing costs     (449) (3,004)
Purchase of treasury shares     (16) (418)
Payment of dividends     (28,812) (28,729)
Net cash provided by financing activities     40,723 22,849
Net change in cash and restricted cash     (5,676) 3,112
Cash and restricted cash at beginning of period     9,419 10,730
Cash and restricted cash at end of period 3,743 13,842 3,743 13,842
Supplemental disclosure of non-cash investing activities:        
Change in accrued capital expenditures included in accounts payable and accrued liabilities     (7,815) 9,165
Advances to operators applied to development of oil and natural gas properties     72,541 50,625
Cash and restricted cash:        
Cash 3,743 13,542 3,743 13,542
Restricted cash included in other long-term assets 0 300 0 300
Cash and restricted cash $ 3,743 $ 13,842 $ 3,743 $ 13,842