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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 5,053 $ 26,543
Accounts receivable, net 26,788 12,147
Prepaid obligations 5,268 32,839
Derivative asset 0 210
Other current assets 38 38
Total current assets 37,350 72,165
Properties and equipment:    
Proved oil and gas properties, using the successful efforts method of accounting 600,881 555,280
Other property 26,948 27,246
Accumulated depletion and depreciation (422,195) (408,539)
Total Property and Equipment, Net 205,634 173,987
Right-of-use assets 636 852
Other Assets 132 133
Total Assets 243,752 247,137
Current liabilities:    
Accounts payable 16,999 11,451
Accrued liabilities 21,100 25,750
Current portion of asset retirement and other long-term obligations 1,621 2,566
Derivative liability 0 1,190
Total current liabilities 39,720 40,957
Long-term bank debt 0 11,000
Asset retirement obligations 13,755 13,525
Deferred income taxes 42,539 39,968
Other long-term obligations 1,249 1,334
Total Liabilities 97,263 106,784
COMMITMENTS AND CONTINGENCIES
Equity:    
Common stock, $.10 par value; 2,810,000 shares authorized, 1,840,500 and 1,901,000 shares outstanding as of June 30, 2023 and December 31, 2022 respectively 281 281
Additional paid in capital 7,555 7,555
Retained earnings 189,066 177,566
Treasury stock, at cost; 969,500 and 909,000 shares as of June 30, 2023 and December 31, 2022, respectively (50,413) (45,049)
Total Equity 146,489 140,353
Total Liabilities and Equity 243,752 247,137
Related Party [Member]    
Current assets:    
Due from related parties $ 203 $ 388