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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 102,816 $ 98,128
Restricted cash 1,383 1,383
Accounts receivable, net 23,574 23,878
Derivative contracts 2,964 114
Prepaid expenses 3,410 3,370
Other current assets 1,960 780
Total current assets 136,107 127,653
Oil and natural gas properties, using full cost method of accounting    
Proved 1,712,530 1,689,807
Unproved 29,916 23,504
Less: accumulated depreciation, depletion and impairment (1,429,357) (1,415,110)
Net oil and natural gas properties capitalized costs 313,089 298,201
Other property, plant and equipment, net 78,266 80,689
Derivative contracts 0 86
Other assets 2,010 2,081
Deferred tax assets, net of valuation allowance 72,801 72,801
Total assets 602,273 581,511
Current liabilities    
Accounts payable and accrued expenses 49,418 50,625
Asset retirement obligations 9,014 9,131
Other current liabilities 811 839
Total current liabilities 59,243 60,595
Derivative contracts 511 0
Asset retirement obligations 61,644 59,449
Other long-term obligations 708 936
Total liabilities 122,106 120,980
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.001 par value; 250,000 shares authorized; 36,752 issued and outstanding at June 30, 2025 and 37,203 issued and outstanding at December 31, 2024 37 37
Additional paid-in capital 987,484 1,000,455
Accumulated deficit (507,354) (539,961)
Total stockholders’ equity 480,167 460,531
Total liabilities and stockholders’ equity $ 602,273 $ 581,511