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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table presents selected financial information with respect to the Company’s single operating segment for the years ended December 31, 2024, 2023 and 2022:

			Year Ended December 31,
			2024						2023						2022
			(In thousands)
Revenues
Oil			$	68,231					$	78,174					$	87,528
Natural gas			21,397						34,941						103,067
NGL			35,662						35,526						63,663
Total revenues			125,290						148,641						254,258
Expenses
Lease operating expenses			40,012						41,862						41,286
Production, ad valorem, and other taxes			6,780						10,870						15,880
Depreciation and depletion—oil and natural gas			25,976						15,657						11,542
Depreciation and amortization—other			6,503						6,518						6,342
General and administrative			11,695						10,735						9,449
Restructuring expenses			474						406						382
Employee termination benefits			—						19						—
(Gain) loss on derivative contracts			(748)						(1,447)						(5,975)
Other operating (income) expense			1,372						(157)						(99)
Total expenses			92,064						84,463						78,807
Income (loss) from operations			33,226						64,178						175,451
Other income (expense)
Interest income (expense), net			7,744						10,552						1,810
Other income (expense), net			(216)						87						378
Total other income (expense)			7,528						10,639						2,188
Income (loss) before income taxes			40,754						74,817						177,639
Income tax (benefit)			(22,232)						13,960						(64,529)
Net income (loss)			$	62,986					$	60,857					$	242,168
Capital expenditures, including acquisitions			$	156,472					$	33,664					$	50,639

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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