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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Revenues        
Total revenues $ 36,867 $ 25,688 $ 110,340 $ 66,906
Operating costs        
Lease operating costs 13,570 12,084 47,727 31,380
Depletion, depreciation, and accretion 3,383 1,737 10,439 4,489
General and administrative expenses 2,267 1,515 7,320 5,278
Total operating costs 19,220 15,336 65,486 41,147
Income (loss) from operations 17,647 10,352 44,854 25,759
Other income and expenses        
Net gain (loss) on derivative contracts 270 (2,591) 513 (2,591)
Interest and other income 13 2 26 12
Interest expense (32) (170) (404) (272)
Income (loss) before income taxes 17,898 7,593 44,989 22,908
Income tax (expense) benefit (3,941) (1,888) (9,938) (5,152)
Net income (loss) $ 13,957 $ 5,705 $ 35,051 $ 17,756
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.42 $ 0.17 $ 1.04 $ 0.53
Diluted (in dollars per share) $ 0.41 $ 0.17 $ 1.04 $ 0.52
Weighted average number of common shares outstanding        
Basic (in shares) 33,013 33,009 33,108 32,933
Diluted (in shares) 33,156 33,388 33,291 33,258
Crude oil        
Revenues        
Total revenues $ 11,799 $ 14,868 $ 40,062 $ 34,309
Natural gas liquids        
Revenues        
Total revenues 3,470 4,750 11,462 11,899
Natural gas        
Revenues        
Total revenues $ 21,598 $ 6,070 $ 58,816 $ 20,698