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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 24,059 $ 10,347
Accounts receivable, net 16,943 14,208
Prepaid obligations 783 733
Other current assets 348 40
Total Current Assets 42,133 25,328
Property and Equipment    
Oil and gas properties at cost 545,345 539,484
Less: Accumulated depletion and depreciation (380,287) (359,742)
Oil and gas properties, net 165,058 179,742
Field and office equipment at cost 28,013 27,080
Less: Accumulated depreciation (23,041) (22,159)
Field and office equipment, net 4,972 4,921
Total Property and Equipment, Net 170,030 184,663
Derivative asset long-term and other assets 736 923
Total Assets 212,899 210,914
Current Liabilities    
Accounts payable 6,168 7,282
Accrued liabilities 10,526 7,821
Due to related Parties 113 52
Current portion of asset retirement and other long-term obligations 1,438 1,630
Derivative liability short-term 3,975 4,935
Total Current Liabilities 22,220 21,720
Long-Term Bank Debt 0 36,000
Asset Retirement Obligations 12,460 13,222
Derivative Liability Long-Term 0 650
Deferred Income Taxes 47,518 38,743
Other Long-Term Obligations 1,323 1,488
Total Liabilities 83,521 111,823
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
Additional paid-in capital 7,555 7,555
Retained earnings 164,181 128,902
Treasury stock, at cost; 2022: 879,300 shares; 2021: 817,923 shares (42,639) (37,647)
Total Equity 129,378 99,091
Total Liabilities and Equity $ 212,899 $ 210,914