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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 19,373 $ 7,425
Accounts receivable, net of an allowance for credit losses of $558. 20,584 19,412
Prepaid obligations 928 865
Other current assets 5 5
Total Current Assets 40,890 27,707
Property and Equipment    
Oil and gas properties at cost 847,837 846,559
Less: Accumulated depletion and depreciation (569,379) (552,756)
Oil and Gas, Successful Efforts Method, Property and Equipment, after Accumulated Depreciation, Depletion, Amortization, and Impairment 278,458 293,803
Field and office equipment at cost 13,207 13,073
Less: Accumulated depreciation (11,426) (11,433)
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization 1,781 1,640
Total Property and Equipment, Net 280,239 295,443
Other Assets 1,166 745
Total Assets 322,295 323,895
Current Liabilities    
Accounts payable 7,557 10,979
Accrued liabilities 26,737 26,169
Current portion of other long-term obligations 721 260
Asset retirement obligations 1,681 0
Derivative liability short-term 1,936 0
Total Current Liabilities 38,654 37,425
Asset Retirement Obligations, net of current portion 12,921 14,337
Deferred Income Taxes 52,372 55,468
Other Long-Term Obligations 946 980
Total Liabilities 104,893 108,210
Commitments and Contingencies  
Equity    
Common stock, $.10 par value; 2026 and 2025: Authorized: 2,810,000 shares, outstanding 2026: 1,618,000; outstanding 2025: 1,632,500 shares 281 281
Paid-in capital 7,555 7,555
Retained earnings 291,724 287,385
Treasury stock, at cost; 2026: 1,192,000 shares; 2025: 1,177,500 82,158 79,536
Total Stockholders’ Equity 217,402 215,685
Total Liabilities and Equity 322,295 323,895
Related Party [Member]    
Current Liabilities    
Due to related parties $ 22 $ 17