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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 11,067 $ 10,347
Accounts receivable, net 17,651 14,208
Prepaid obligations 482 733
Other current assets 40 40
Total Current Assets 29,240 25,328
Property and Equipment    
Oil and gas properties at cost 541,419 539,484
Less: Accumulated depletion and depreciation (373,000) (359,742)
Oil and gas properties, net 168,419 179,742
Field and office equipment at cost 27,175 27,080
Less: Accumulated depreciation (22,760) (22,159)
Field and office equipment, net 4,415 4,921
Total Property and Equipment, Net 172,834 184,663
Derivative asset long-term and other assets 898 923
Total Assets 202,972 210,914
Current Liabilities    
Accounts payable 6,355 7,282
Accrued liabilities 7,481 7,821
Due to related Parties 12 52
Current portion of asset retirement and other long-term obligations 1,576 1,630
Derivative liability short-term 9,791 4,935
Total Current Liabilities 25,215 21,720
Long-Term Bank Debt 0 36,000
Asset Retirement Obligations 12,726 13,222
Derivative Liability Long-Term 0 650
Deferred Income Taxes 45,028 38,743
Other Long-Term Obligations 1,974 1,488
Total Liabilities 84,943 111,823
Commitments and Contingencies
Equity    
Common stock, $.10 par value; 2022 and 2021: Authorized: 2,810,000 shares, outstanding 2022: 1,952,645 shares; outstanding 2021: 1,992,077 shares 281 281
Paid-in capital 7,555 7,555
Retained earnings 151,027 128,902
Treasury stock, at cost; 2022: 857,355 shares; 2021: 817,923 (40,834) (37,647)
Total Equity 118,029 99,091
Total Liabilities and Equity $ 202,972 $ 210,914