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Segments | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segments | Segments The Company’s oil and gas exploration and production activities are solely focused in the U.S. For financial reporting purposes, the Company aggregates our operating segments into one reporting segment due to the similar nature of these operations. The following table presents consolidated net income, the significant measure of profit and loss used by the CODM, as well as total assets, capital expenditures and our equity method investment for the Company's single reportable segment:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands)
Total Revenues | $ | 85,394 |  |  | $ | 105,403 |  |  | $ | 187,851 |  |  | $ | 205,147 |
Less: |  |  |  |  |  |  |
Lease operating expenses | 18,880 |  |  | 16,492 |  |  | 37,211 |  |  | 33,261 |
Production and ad valorem taxes | 6,126 |  |  | 7,174 |  |  | 12,796 |  |  | 14,405 |
Exploration costs | 47 |  |  | 60 |  |  | 56 |  |  | 64 |
Depletion, depreciation, amortization and accretion | 19,563 |  |  | 17,470 |  |  | 38,701 |  |  | 35,249 |
Impairment of oil and natural gas properties | 1,214 |  |  | — |  |  | 1,214 |  |  | — |
Administrative Costs | 6,199 |  |  | 6,644 |  |  | 13,637 |  |  | 11,983 |
Share-based compensation expense | 2,685 |  |  | 3,281 |  |  | 4,054 |  |  | 4,973 |
Other segment items(1) | 1,926 |  |  | 670 |  |  | 1,926 |  |  | 1,033 |
Interest expense, net of capitalized interest(2) | 7,320 |  |  | 9,093 |  |  | 14,111 |  |  | 18,367 |
Interest income | (149) |  |  | (236) |  |  | (279) |  |  | (443) |
(Gain) loss on derivatives, net | (18,720) |  |  | 359 |  |  | (12,870) |  |  | 17,436 |
Loss from equity method investment | 129 |  |  | 192 |  |  | 248 |  |  | 25 |
Income tax expense | 9,704 |  |  | 10,656 |  |  | 17,943 |  |  | 16,488 |
Segment net income(3) | $ | 30,470 |  |  | $ | 33,548 |  |  | $ | 59,103 |  |  | $ | 52,306 |
Total assets | $ | 1,033,567 |  |  | $ | 1,002,957 |  |  | $ | 1,033,567 |  |  | $ | 1,002,957 |
Capital expenditures(4) | $ | 27,786 |  |  | $ | 21,438 |  |  | $ | 51,786 |  |  | $ | 47,620 |
Equity method investment | $ | 28,813 |  |  | $ | 20,757 |  |  | $ | 28,813 |  |  | $ | 20,757 |
_____________________ (1)Other segment items include transaction costs and cost of contract services - related parties. (2)Interest expense is shown gross of, or prior to the effect of interest income. (3)There are no reconciling items between net income presented in our accompanying condensed consolidated statements of operations and segment net income. (4)Capital expenditures are accrual (activity-based) before acquisitions.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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