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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended 114 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Cash flows from operating activities:      
Net income (loss) $ 35,217 $ 32,628  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depletion, depreciation, and accretion 14,273 8,053  
Stock-based compensation 1,639 125  
Settlement of asset retirement obligations (174)    
Deferred income taxes (296) 1,142  
Unrealized (gain) loss on derivative contracts (1,994) 1,994  
Accrued settlements on derivative contracts (919) 919  
Other (4) (10)  
Changes in operating assets and liabilities:      
Receivables 18,441 (11,427)  
Prepaid expenses and other current assets (692) (538)  
Accounts payable and accrued expenses (13,489) 18,516  
State and federal income taxes payable (730) 1,058  
Net cash provided by operating activities 51,272 52,460  
Cash flows from investing activities:      
Acquisition of oil and natural gas properties (31) (53,342)  
Capital expenditures for oil and natural gas properties (6,961) (1,531)  
Net cash used in investing activities (6,992) (54,873)  
Cash flows from financing activities:      
Common stock dividends paid (16,106) (11,796) $ (102,400)
Common stock repurchases, including stock surrendered for tax withholding (4,170) (38)  
Borrowings under senior secured credit facility   34,000  
Repayments of credit facility (21,250) (16,750)  
Net cash used in financing activities (41,526) 5,416  
Net increase (decrease) in cash and cash equivalents 2,754 3,003  
Cash and cash equivalents, beginning of period 8,280 5,277  
Cash and cash equivalents, end of period 11,034 8,280 $ 11,034
Supplemental disclosures of cash flow information:      
Cash paid for interest on Senior secured credit facility 498 523  
Cash paid for income taxes 11,876 6,294  
Cash received from income tax refunds   3,223  
Non-cash investing and financing transactions:      
Increase (decrease) in accrued purchases of property and equipment 766 1,094  
Oil and natural gas property costs attributable to the recognition of asset retirement obligations $ 2,015 $ 7,807