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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:    
Net income $ 55,404 $ 28,103
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 76,496 30,976
Accretion of discount on asset retirement obligations 733 684
Gain on sale and exchange of assets (3,718) (8,854)
Non cash realized gain on derivative instruments, net 0 (980)
Provision for deferred income taxes 6,169 7,268
Changes in assets and liabilities:    
Accounts receivable (3,777) (8,492)
Allowance for credit losses (260) 338
Due from related parties 0 388
Due to related parties (46) 80
Prepaid obligations (996) 32,463
Other current assets 27  
Accounts payable 905 3,973
Accrued liabilities (15,521) 22,863
Other assets 521 673
Other long-term liabilities (28) (468)
Net Cash Provided by Operating Activities 115,909 109,015
Cash Flows from Investing Activities:    
Capital expenditures, including exploration expense (119,239) (113,779)
Proceeds from sale of properties and equipment 4,247 8,082
Net Cash (Used in) Investing Activities (114,992) (105,697)
Cash Flows from Financing Activities:    
Purchase of stock for treasury (13,429) (7,506)
Increase in long-term bank debt and other long-term obligations 110,500  
Repayment of long-term bank debt and other long-term obligations (106,500) (11,294)
Net Cash Used in Financing Activities (9,429) (18,800)
Net (Decrease) Increase in Cash and Cash Equivalents (8,512) (15,482)
Cash and Cash Equivalents at the Beginning of the Year 11,061 26,543
Cash and Cash Equivalents at the End of the Year 2,549 11,061
Supplemental Disclosures:    
Income taxes paid during the year 113 9,009
Interest paid during the year $ 1,033 $ 569