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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 4,076 $ 10,347
Accounts receivable, net 20,679 14,208
Prepaid obligations 168 733
Derivative asset 36  
Other current assets 40 40
Total Current Assets 24,999 25,328
Property and Equipment    
Oil and gas properties at cost 541,264 539,484
Less: Accumulated depletion and depreciation (366,371) (359,742)
Oil and gas properties, net 174,893 179,742
Field and office equipment at cost 27,351 27,080
Less: Accumulated depreciation (22,538) (22,159)
Field and office equipment, net 4,813 4,921
Total Property and Equipment, Net 179,706 184,663
Derivative asset long-term and other assets 782 923
Total Assets 205,487 210,914
Current Liabilities    
Accounts payable 9,096 7,282
Accrued liabilities 6,709 7,821
Due to related Parties   52
Current portion of asset retirement and other long-term obligations 1,623 1,630
Derivative liability short-term 12,761 4,935
Total Current Liabilities 30,189 21,720
Long-Term Bank Debt 9,000 36,000
Asset Retirement Obligations 12,894 13,222
Derivative Liability Long-Term   650
Deferred Income Taxes 41,886 38,743
Other Long-Term Obligations 2,118 1,488
Total Liabilities 96,087 111,823
Equity    
Common stock, $.10 par value; 2022 and 2021: Authorized: 2,810,000 shares, outstanding 2022: 1,980,889; outstanding 2021: 1,992,077 281 281
Paid-in capital 7,555 7,555
Retained earnings 140,044 128,902
Treasury stock, at cost; 2022: 829,111 shares; 2021: 817,923 (38,480) (37,647)
Total Equity 109,400 99,091
Total Liabilities and Equity $ 205,487 $ 210,914