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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Sep. 03, 2025
Dec. 31, 2024
Current Assets      
Cash and cash equivalents $ 3,689   $ 2,549
Accounts receivable 19,509   24,752
Less Allowance for credit losses (414) $ (414)  
Accounts Receivable, after Allowance for Credit Loss, Current 19,095 $ 24,338  
Prepaid obligations 1,242   1,372
Other current assets 10   11
Total Current Assets 24,036   28,270
Property and Equipment      
Oil and gas properties at cost 837,659   773,330
Less: Accumulated depletion, depreciation and amortization (532,367)   (479,424)
Oil and Gas, Successful Efforts Method, Property and Equipment, after Accumulated Depreciation, Depletion, Amortization, and Impairment 305,292   293,906
Field and office equipment at cost 13,073   14,643
Less: Accumulated depreciation (11,338)   (12,712)
Property, Plant and Equipment, Net 1,735   1,931
Total Property and Equipment, Net 307,027   295,837
Other Assets 955   515
Total Assets 332,018   324,622
Current Liabilities      
Accounts payable 27,114   16,329
Accrued property cost 6,290   7,578
Accrued Liabilities 10,535   25,514
Current portion of asset retirement and other long-term obligations 1,273   200
Total Current Liabilities 45,269   49,655
Long-Term Bank Debt 0   4,000
Asset Retirement Obligations 12,640   13,799
Deferred Income Taxes 59,310   53,405
Other Long-Term Obligations 1,014   838
Total Liabilities and Contingencies 118,233   121,697
Equity      
Common stock, $.10 par value; 2025 and 2024: Authorized and Issued 2,810,000 shares, outstanding 2025: 1,642,500 shares, outstanding 2024: 1,708,470 shares 281   281
Paid-in capital 7,555   7,555
Retained earnings $ 283,998   $ 261,073
Treasury Stock, Common, Shares (in shares) 1,167,500   1,101,530
Treasury stock, at cost; 2025: 1,167,500 shares; 2024: 1,101,530 shares $ 78,049   $ 65,984
Total Equity 213,785   202,925
Total Liabilities and Equity 332,018   324,622
Related Party [Member]      
Current Liabilities      
Due to related parties $ 57   $ 34