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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 11,061 $ 26,543
Accounts receivable, net 20,301 12,147
Prepaid obligations 376 32,839
Derivative asset short-term   210
Other current assets 38 38
Total Current Assets 31,776 72,165
Property and Equipment    
Oil and gas properties at cost 659,792 555,280
Less: Accumulated depletion and depreciation (406,913) (385,811)
Oil and Gas Property, Successful Effort Method, Net 252,879 169,469
Field and office equipment at cost 26,955 27,246
Less: Accumulated depreciation (23,715) (22,728)
Property, Plant and Equipment, Net 3,240 4,518
Total Property and Equipment, Net 256,119 173,987
Other assets 673 985
Total Assets 288,568 247,137
Current Liabilities    
Accounts payable 15,424 11,451
Accrued liabilities 48,613 25,750
Current portion of asset retirement and other long-term obligations 692 2,566
Derivative liability short-term   1,190
Liabilities, Current 64,809 40,957
Long-Term Bank Debt   11,000
Asset Retirement Obligations 14,707 13,525
Deferred Income Taxes 47,236 39,968
Other Long-Term Obligations 866 1,334
Total Liabilities 127,618 106,784
Commitments and Contingencies  
Equity    
Common stock, $.10 par value; 2023 and 2022: Authorized: 2,810,000 shares, outstanding 2023: 1,820,100 shares; outstanding 2022: 1,901,000 shares. 281 281
Paid-in capital 7,555 7,555
Retained earnings 205,669 177,566
Treasury stock, at cost; 2023: 989,900 shares; 2022: 909,000 52,555 45,049
Total Stockholders’ Equity 160,950 140,353
Total Liabilities and Equity 288,568 247,137
Related Party [Member]    
Current Assets    
Due from related parties   388
Current Liabilities    
Due to related parties $ 80 $ 0