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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Realized loss on derivative instruments, net $ 0 $ (5,888) $ (566) $ (9,707)
Unrealized gain (loss) on derivative instruments, net 0 2,933 980 (4,206)
Other income 0 0 38 29
Total revenues 29,607 35,492 52,257 61,423
Costs and expenses:        
Oil and gas production 7,718 7,317 13,273 13,877
Production and ad valorem taxes 1,444 1,895 3,863 4,054
Field service 3,367 3,335 6,534 6,055
Depreciation, depletion and amortization 7,511 6,852 13,933 13,860
Accretion of discount on asset retirement obligations 184 169 367 339
General and administrative 2,270 2,418 5,372 9,090
Total costs and expenses 22,494 21,986 47,275 47,275
Gain on sale and exchange of assets 6,053 845 6,104 14,836
Income from operations 13,166 14,351 15,019 28,984
Other income (expense)        
Interest expense (113) (150) (295) (499)
Interest income 59 0 173 0
Income before income taxes 13,112 14,201 14,897 28,485
Income tax provision 3,022 3,218 3,397 6,360
Net income $ 10,090 $ 10,983 $ 11,500 $ 22,125
Net income per share attributable to common stockholders: Basic $ 5.35 $ 5.57 $ 6.14 $ 11.18
Net income per share attributable to common stockholders: Diluted $ 3.82 $ 4.02 $ 4.37 $ 8.08
Weighted average shares outstanding: Basic 1,885,684 1,972,979 1,871,474 1,979,690
Weighted average shares outstanding: Diluted 2,643,952 2,730,164 2,629,771 2,736,569
Oil Sales [Member]        
Revenues:        
Oil, gas and service income $ 20,968 $ 25,838 $ 35,546 $ 52,143
Natural gas [Member]        
Revenues:        
Oil, gas and service income 1,228 4,657 2,980 8,403
Natural gas liquids [Member]        
Revenues:        
Oil, gas and service income 2,780 4,422 5,174 8,273
Field service [Member]        
Revenues:        
Oil, gas and service income $ 4,631 $ 3,530 $ 8,105 $ 6,488