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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Realized loss on derivative instruments, net $ 0 $ (4,285,000) $ (566,000) $ (13,992,000)
Unrealized gain on derivative instruments, net 0 6,124,000 980,000 1,918,000
Other income 0 0 38,000 29,000
Total revenues 35,360,000 39,314,000 87,617,000 100,738,000
Costs and expenses:        
Oil and gas production 7,898,000 6,476,000 21,171,000 20,888,000
Production and ad valorem taxes 1,445,000 2,201,000 5,308,000 5,721,000
Field service 3,166,000 2,670,000 9,700,000 8,725,000
Depreciation, depletion and amortization 8,924,000 7,569,000 22,857,000 21,386,000
Accretion of discount on asset retirement obligations 183,000 163,000 550,000 545,000
General and administrative 2,714,000 2,453,000 8,086,000 11,543,000
Total costs and expenses 24,330,000 21,532,000 67,672,000 68,808,000
Gain on sale and exchange of assets 2,102,000 494,000 8,206,000 15,330,000
Income from operations 13,132,000 18,276,000 28,151,000 47,260,000
Other income (expense)        
Interest expense (133,000) (253,000) (428,000) (752,000)
Interest income 113,000 8,000 286,000 8,000
Income before income taxes 13,112,000 18,031,000 28,009,000 46,516,000
Income tax provision 2,392,000 4,877,000 5,789,000 11,237,000
Net income $ 10,720,000 $ 13,154,000 $ 22,220,000 $ 35,279,000
Net income per share attributable to common stockholders: Basic $ 5.84 $ 6.79 $ 11.95 $ 17.95
Net income per share attributable to common stockholders: Diluted $ 4.13 $ 4.88 $ 8.49 $ 12.96
Weighted average shares outstanding: Basic 1,834,709 1,937,091 1,859,084 1,965,334
Weighted average shares outstanding: Diluted 2,593,924 2,694,906 2,617,758 2,722,522
Oil Sales [Member]        
Revenues:        
Oil, gas and service income $ 26,402,000 $ 23,403,000 $ 61,948,000 $ 75,546,000
Natural gas [Member]        
Revenues:        
Oil, gas and service income 2,472,000 6,359,000 5,452,000 14,762,000
Natural gas liquids [Member]        
Revenues:        
Oil, gas and service income 3,149,000 4,204,000 8,323,000 12,477,000
Field service [Member]        
Revenues:        
Oil, gas and service income $ 3,337,000 $ 3,509,000 $ 11,442 $ 9,998,000