XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 19,790 $ 26,543
Accounts receivable, net 17,372 12,147
Prepaid obligations 413 32,839
Derivative asset 0 210
Other current assets 38 38
Total current assets 37,613 72,165
Properties and equipment:    
Proved oil and gas properties, using the successful efforts method of accounting 610,655 555,280
Other property 27,004 27,246
Accumulated depletion and depreciation (422,558) (408,539)
Total Property and Equipment, Net 215,101 173,987
Right-of-use assets 458 852
Other Assets 403 133
Total Assets 253,575 247,137
Current liabilities:    
Accounts payable 11,900 11,451
Accrued liabilities 28,450 25,750
Current portion of asset retirement and other long-term obligations 936 2,566
Derivative liability 0 1,190
Total current liabilities 41,684 40,957
Long-term bank debt 0 11,000
Asset retirement obligations 11,567 13,525
Deferred income taxes 43,288 39,968
Other long-term obligations 1,035 1,334
Total Liabilities 97,574 106,784
COMMITMENTS AND CONTINGENCIES
Equity:    
Common stock, $.10 par value; 2,810,000 shares authorized, 1,828,500 and 1,901,000 shares outstanding as of September 30, 2023 and December 31, 2022 respectively 281 281
Additional paid in capital 7,555 7,555
Retained earnings 199,786 177,566
Treasury stock, at cost; 981,500 and 909,000 shares as of September 30, 2023 and December 31, 2022, respectively (51,621) (45,049)
Total Equity 156,001 140,353
Total Liabilities and Equity 253,575 247,137
Related Party [Member]    
Current assets:    
Due from related parties 0 388
Current liabilities:    
Due to related parties $ 398 $ 0