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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 2,099 $ 2,549
Accounts receivable, net 24,431 24,338
Prepaid obligations 1,412 1,372
Other current assets 14 11
Total Current Assets 27,956 28,270
Property and Equipment    
Oil and gas properties at cost 807,871 773,330
Less: Accumulated depletion and depreciation (499,685) (479,424)
Oil and Gas, Successful Efforts Method, Property and Equipment, after Accumulated Depreciation, Depletion, Amortization, and Impairment 308,186 293,906
Field and office equipment at cost 13,803 14,643
Less: Accumulated depreciation (11,969) (12,712)
Property, Plant and Equipment, Net 1,834 1,931
Total Property and Equipment, Net 310,020 295,837
Other assets 1,357 515
Total Assets 339,333 324,622
Current Liabilities    
Accounts payable 14,386 16,329
Accrued property costs 23,979 7,578
Accrued Liabilities 18,283 25,514
Current portion of asset retirement and other long-term obligations 798 200
Total Current Liabilities 57,515 49,655
Long-Term Bank Debt 6,500 4,000
Asset Retirement Obligations 13,863 13,799
Deferred Income Taxes 55,404 53,405
Other Long-Term Obligations 1,087 838
Total Liabilities 134,369 121,697
Commitments and Contingencies  
Equity    
Common stock, $.10 par value; 2025 and 2024: Authorized: 2,810,000 shares, outstanding 2025: 1,672,470; outstanding 2024: 1,708,470 shares 281 281
Paid-in capital 7,555 7,555
Retained earnings 270,207 261,073
Treasury stock, at cost; 2025: 1,137,530 shares; 2024: 1,101,530 73,079 65,984
Total Equity 204,964 202,925
Total Liabilities and Equity 339,333 324,622
Related Party [Member]    
Current Liabilities    
Due to related parties $ 69 $ 34