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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 26,543 $ 10,347
Accounts receivable, net 12,147 14,208
Prepaid obligations 32,839 733
Due from related parties 388 0
Derivative asset short-term 210 0
Other current assets 38 40
Total Current Assets 72,165 25,328
Property and Equipment    
Oil and gas properties at cost 555,280 539,484
Less: Accumulated depletion and depreciation (385,811) (359,742)
Oil and gas properties, net 169,469 179,742
Field and office equipment at cost 27,246 27,080
Less: Accumulated depreciation (22,728) (22,159)
Field and office equipment, net 4,518 4,921
Total Property and Equipment, Net 173,987 184,663
Other assets 985 923
Total Assets 247,137 210,914
Current Liabilities    
Accounts payable 11,451 7,282
Accrued liabilities 25,750 7,821
Due to related parties 0 52
Current portion of asset retirement and other long-term obligations 2,566 1,630
Derivative liability short-term 1,190 4,935
Total Current Liabilities 40,957 21,720
Long-Term Bank Debt 11,000 36,000
Asset Retirement Obligations 13,525 13,222
Derivative Liability Long-Term 0 650
Deferred Income Taxes 39,968 38,743
Other Long-Term Obligations 1,334 1,488
Total Liabilities 106,784 111,823
Commitments and Contingencies
Equity    
Common stock, $.10 par value; 2022 and 2021: Authorized: 2,810,000 shares, outstanding 2022: 1,901,000 shares; outstanding 2020: 1,992,077 shares. 281 281
Paid-in capital 7,555 7,555
Retained earnings 177,566 128,902
Treasury stock, at cost; 2022: 909,000 shares; 2021: 817,923 (45,049) (37,647)
Total Stockholders' Equity 140,353 99,091
Total Liabilities and Equity $ 247,137 $ 210,914