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Derivatives (Tables) | 12 Months Ended
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Jun. 30, 2024
Derivatives |
Schedule of the Location and Fair Value Amounts of All Derivative Contracts in the Unaudited Condensed Consolidated Balance Sheets | The following table summarizes the location and fair value amounts of all derivative contracts in the consolidated balance sheets as of June 30, 2024 and 2023 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives not designated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
as hedging contracts | ​ | Balance sheet | ​ | Derivative Contract Assets | ​ | Balance sheet | ​ | Derivative Contract Liabilities
under ASC 815 |  | location |  | June 30, 2024 |  | June 30, 2023 |  | location |  | June 30, 2024 |  | June 30, 2023
Commodity contracts | ​ | Current assets - derivative contract assets | ​ | $ | 596 | ​ | $ | — | ​ | Current liabilities - derivative contract liabilities | ​ | $ | 1,192 | ​ | $ | —
Commodity contracts | ​ | Other assets - derivative contract assets | ​ | ​ | 171 | ​ | ​ | — | ​ | Long term liabilities - derivative contract liabilities | ​ | ​ | 468 | ​ | ​ | —
Total derivatives not designated as hedging contracts under ASC 815 | ​ | ​ | ​ | $ | 767 | ​ | $ | — | ​ | ​ | ​ | $ | 1,660 | ​ | $ | —
Schedule of Derivative Instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted Average | ​ | Weighted Average | ​ | Weighted Average
​ | ​ | ​ | ​ | ​ | ​ | Volumes in | ​ | Swap Price per | ​ | Floor Price per | ​ | Ceiling Price per
Period |  | Instrument |  | Commodity |  | MMBTU/BBL | ​ | MMBTU/BBL |  | MMBTU/BBL |  | MMBTU/BBL
July 2024 - December 2024 | ​ | Fixed-Price Swap | ​ | Crude Oil | ​ | 73,558 | ​ | $ | 74.20 | ​ | ​ | ​ | ​ | ​ | ​
July 2024 - December 2024 | ​ | Collar | ​ | Crude Oil | ​ | 73,558 | ​ | ​ | ​ | ​ | $ | 70.00 | ​ | $ | 77.40
January 2025 - March 2025 | ​ | Collar | ​ | Crude Oil | ​ | 42,566 | ​ | ​ | ​ | ​ | ​ | 68.00 | ​ | ​ | 73.77
January 2025 - February 2025 | ​ | Fixed-Price Swap | ​ | Natural Gas | ​ | 312,286 | ​ | ​ | 3.56 | ​ | ​ | ​ | ​ | ​ | ​
April 2025 - June 2025 | ​ | Collar | ​ | Crude Oil | ​ | 41,601 | ​ | ​ | ​ | ​ | ​ | 65.00 | ​ | ​ | 84.00
March 2025 - December 2026 | ​ | Fixed-Price Swap | ​ | Natural Gas | ​ | 3,170,705 | ​ | ​ | 3.60 | ​ | ​ | ​ | ​ | ​ | ​
Derivative Instruments, Gain (Loss) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives not designated | ​ | Location of gain (loss) | ​ | ​ | ​ | ​ | ​ | ​
as hedging contracts | ​ | recognized in income on | ​ | Years Ended June 30,
under ASC 815 |  | derivative contracts | ​ | 2024 |  | 2023
Commodity contracts: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Realized gain (loss) on derivative contracts | ​ | Other income and expenses - net gain (loss) on derivative contracts | ​ | $ | (399) | ​ | $ | (1,481)
Unrealized gain (loss) on derivative contracts | ​ | Other income and expenses - net gain (loss) on derivative contracts | ​ | ​ | (893) | ​ | ​ | 1,994
Total net gain (loss) on derivative contracts | ​ | ​ | ​ | $ | (1,292) | ​ | $ | 513
Offsetting Assets | The following table shows the potential effects of master netting arrangements on the fair value of the Company’s derivative contracts as of June 30, 2024 and 2023 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Derivative Contract Assets | ​ | Derivative Contract Liabilities
Offsetting of Derivative Assets and Liabilities |  | June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023
Gross amounts presented in the Consolidated Balance Sheet | ​ | $ | 767 | ​ | $ | — | ​ | $ | 1,660 | ​ | $ | —
Amounts not offset in the Consolidated Balance Sheet | ​ | ​ | (497) | ​ | ​ | — | ​ | ​ | (497) | ​ | ​ | —
Net amount | ​ | $ | 270 | ​ | $ | — | ​ | $ | 1,163 | ​ | $ | —
Offsetting Liabilities | The following table shows the potential effects of master netting arrangements on the fair value of the Company’s derivative contracts as of June 30, 2024 and 2023 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Derivative Contract Assets | ​ | Derivative Contract Liabilities
Offsetting of Derivative Assets and Liabilities |  | June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023
Gross amounts presented in the Consolidated Balance Sheet | ​ | $ | 767 | ​ | $ | — | ​ | $ | 1,660 | ​ | $ | —
Amounts not offset in the Consolidated Balance Sheet | ​ | ​ | (497) | ​ | ​ | — | ​ | ​ | (497) | ​ | ​ | —
Net amount | ​ | $ | 270 | ​ | $ | — | ​ | $ | 1,163 | ​ | $ | —
​

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