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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total Revenues $ 106,852,000 $ 102,339,000 $ 294,703,000 $ 307,486,000
Costs and Expenses:        
Lease operating expenses 26,874,000 18,532,000 64,085,000 51,793,000
Production and ad valorem taxes 8,278,000 7,002,000 21,074,000 21,407,000
Exploration costs 217,000 375,000 273,000 439,000
Depletion, depreciation, amortization and accretion 27,214,000 20,722,000 65,915,000 55,971,000
Impairment of oil and natural gas properties 0 0 1,214,000 0
Other impairments 0 30,158,000 0 30,158,000
General and administrative:        
Administrative costs 9,922,000 5,879,000 23,559,000 17,862,000
Share-based compensation expense 2,688,000 1,720,000 6,742,000 6,693,000
Transaction costs 2,797,000 473,000 4,723,000 1,143,000
Total Costs and Expenses 77,990,000 84,861,000 187,585,000 185,829,000
Income from Operations 28,862,000 17,478,000 107,118,000 121,657,000
Other Income (Expense):        
Interest expense, net (9,606,000) (8,789,000) (23,438,000) (26,713,000)
Gain on derivatives, net 1,920,000 24,217,000 14,790,000 6,781,000
Loss from equity method investment (19,000) (210,000) (267,000) (235,000)
Total Other Income (Expense) (7,705,000) 15,218,000 (8,915,000) (20,167,000)
Net Income from Operations before Income Taxes 21,157,000 32,696,000 98,203,000 101,490,000
Income tax expense (4,817,000) (7,033,000) (22,760,000) (23,521,000)
Net Income $ 16,340,000 $ 25,663,000 $ 75,443,000 $ 77,969,000
Net Income per Share:        
Basic (USD per Share) $ 0.77 $ 1.22 $ 3.57 $ 3.79
Diluted (USD per Share) $ 0.77 $ 1.21 $ 3.56 $ 3.76
Weighted Average Common Shares Outstanding:        
Basic (in Shares) 21,164 20,992 21,139 20,584
Diluted (in Shares) 21,263 21,209 21,178 20,764
Related Party        
General and administrative:        
Cost of contract services - related parties $ 0 $ 0 $ 0 $ 363,000
Oil and natural gas sales, net        
Revenues:        
Total Revenues 106,852,000 102,339,000 294,703,000 307,106,000
Contract services - related parties        
Revenues:        
Total Revenues $ 0 $ 0 $ 0 $ 380,000