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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net income $ 28,633 $ 18,758
Adjustments to reconcile net income to net cash provided by operating activities:    
Exploratory well costs and lease expirations 9 0
Depletion, depreciation, amortization and accretion 19,138 17,779
Loss on derivatives, net 5,850 17,077
Settlements on derivative contracts 1,115 104
Amortization of deferred financing costs and discount 1,182 1,315
Share-based compensation expense 1,369 1,692
Deferred income tax expense (1,826) 1,886
(Income) loss from equity method investment 119 (167)
Other (8) (73)
Changes in operating assets and liabilities    
Accounts receivable 6,893 (3,457)
Prepaid expenses and other current assets (269) 205
Inventory (1,435) (174)
Other non-current assets (914) (217)
Accounts payable and accrued liabilities (3,457) (170)
Revenue payable (625) (582)
Other current liabilities (5,393) 2,149
Net Cash Provided by Operating Activities 50,381 56,125
Cash Flows from Investing Activities:    
Additions to oil and natural gas properties (16,150) (34,939)
Additions to midstream property and equipment (2,879) 0
Additions to other property and equipment (124) (124)
Contributions to equity method investment (6,250) (5,619)
Funds held in escrow 0 (1,926)
Net Cash Used in Investing Activities (25,403) (42,608)
Cash Flows from Financing Activities:    
Deferred financing costs (140) 0
Repayments under Credit Facility (16,000) (10,000)
Repayments of Senior Notes (5,000) (5,000)
Payment of common share dividends (8,033) (7,166)
Common stock repurchased for tax withholding (72) (106)
Net Cash Used in Financing Activities (29,245) (22,272)
Net Decrease in Cash (4,267) (8,755)
Cash, Beginning of Period 13,124 15,319
Cash, End of Period 8,857 6,564
Cash Paid For:    
Interest, net of capitalized interest 5,860 8,324
Income taxes 9,000 0
Non-cash Investing and Financing Activities:    
Changes in capital expenditures in accounts payable and accrued liabilities 5,264 (4,210)
Transfer of inventory to oil and natural gas properties 1,640 0
Right-of-use assets obtained in exchange for operating lease liability $ 300 $ 20