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Segments
 9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
2025202420252024
(In thousands)
Total Revenues
$106,852 $102,339 $294,703 $307,486 
Less:
Lease operating expenses
26,874 18,532 64,085 51,793 
Production and ad valorem taxes
8,278 7,002 21,074 21,407 
Exploration costs
217 375 273 439 
Depletion, depreciation, amortization and accretion
27,214 20,722 65,915 55,971 
Impairment of oil and natural gas properties
— — 1,214 — 
Other impairments
— 30,158 — 30,158 
Administrative Costs
9,922 5,879 23,559 17,862 
Share-based compensation expense
2,688 1,720 6,742 6,693 
Other segment items(1)
2,797 473 4,723 1,506 
Interest expense, net of capitalized interest(2)
9,804 9,018 23,915 27,385 
Interest income
(198)(229)(477)(672)
Gain on derivatives, net(1,920)(24,217)(14,790)(6,781)
Loss from equity method investment19 210 267 235 
Income tax expense
4,817 7,033 22,760 23,521 
Segment net income(3)
$16,340 $25,663 $75,443 $77,969 
Total assets$1,191,338 $997,875 $1,191,338 $997,875 
Capital expenditures(4)
$18,019 $30,018 $69,805 $77,638 
Equity method investment$37,294 $22,047 $37,294 $22,047 
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(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.