XML 17 R6.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net income $ 4,339 $ 9,134
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 16,709 20,358
Accretion of discount on asset retirement obligations 265 183
Gain on sale and exchange of assets (16) (619)
Unrealized (loss) on derivative instruments (1,936) 0
Provision for deferred income taxes (3,096) 1,999
Changes in assets and liabilities:    
Accounts receivable (1,172) (93)
Due to related parties (63) (40)
Other current assets 0 (3)
Prepaid obligations (422) (842)
Accounts payable (3,422) (1,943)
Accrued liabilities 568 9,170
Other assets 5 35
Other long-term liabilities 426 847
Net Cash Provided by Operating Activities 16,057 38,186
Cash Flows from Investing Activities:    
Property expenditures (1,503) (34,660)
Proceeds from sale of properties and equipment 16 619
Net Cash (Used in) Investing Activities (1,487) (34,041)
Cash Flows from Financing Activities:    
Purchase of stock for treasury (2,622) (7,095)
Proceeds from long-term bank debt 0 24,000
Repayment of long-term bank debt and other long-term obligations 0 (21,500)
Net Cash Used in Financing Activities (2,622) (4,595)
Net (Decrease) Increase in Cash and Cash Equivalents 11,948 (450)
Cash and Cash Equivalents at the Beginning of the Period 7,425 2,549
Cash and Cash Equivalents at the End of the Period 19,373 2,099
Supplemental Disclosures:    
Income taxes paid during the period 0 0
Interest paid 359 768
Non-Cash Investing Transactions    
Increase(decrease) in accrued capital expenditures for oil and natural gas properties $ (327) $ 5