XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 31,051 $ 11,500
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion on discounted liabilities 27,614 13,933
Accretion of discount on asset retirement obligations 342 367
Gain on sale and exchange of assets (636) (6,104)
Unrealized gain on derivative instruments, net 0 (980)
Deferred income taxes 5,080 2,571
us-gaap_IncreaseDecreaseInOperatingCapitalAbstract    
Accounts receivable (25,187) (14,641)
Due from related parties 0 185
Due to related parties 61 0
Prepaids obligations (1,026) 27,571
Other current assets 33 0
Accounts payable 4,087 5,548
Accrued property costs 11,158 8,995
Accrued liabilities 303 (13,645)
Other long-term liabilities (470) (85)
Net Cash Provided by Operating Activities 52,410 35,432
Cash Flows from Investing Activities    
Capital expenditures, including exploration expense (56,386) (47,017)
Proceeds from sale of properties and equipment 636 6,459
Net Cash Provided by (Used in) Investing Activities (55,750) (40,558)
Cash Flows from Financing Activities    
Purchase of stock for treasury (5,706) (5,364)
Proceeds from long-term bank debt 30,500 4,000
Repayment of long-term bank debt and other long-term obligations (30,500) (15,000)
Net Cash Provided by (Used in) Financing Activities (5,706) (16,364)
Net (Decrease) Increase in Cash and Cash Equivalents (9,046) (21,490)
Cash and Cash Equivalents at the Beginning of the Period 11,061 26,543
Cash and Cash Equivalents at the End of the Period 2,015 5,053
Supplemental Disclosures:    
Income taxes paid during the year 101 9,000
Interest paid $ 390 $ 337