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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 121 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Cash flows from operating activities:          
Net income (loss)     $ 2,556 $ 21,094  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depletion, depreciation, and accretion $ 4,598 $ 3,458 8,860 7,056  
Stock-based compensation     1,036 702  
Settlement of asset retirement obligations       (71)  
Deferred income taxes     (642) (355)  
Unrealized (gain) loss on derivative contracts       (2,189)  
Accrued settlements on derivative contracts       (919)  
Other     3 (4)  
Changes in operating assets and liabilities:          
Receivables from crude oil, natural gas, and natural gas liquids revenues     (2,239) 8,113  
Prepaid expenses and other current assets     (274) (316)  
Accounts payable and accrued liabilities     2,443 (5,398)  
State and federal income taxes payable     (365) 56  
Net cash provided by operating activities     11,378 27,769  
Cash flows from investing activities:          
Acquisition of oil and natural gas properties       (31)  
Capital expenditures for oil and natural gas properties     (5,705) (2,886)  
Net cash used in investing activities     (5,705) (2,917)  
Cash flows from financing activities:          
Common stock dividends paid     (8,034) (8,085) $ (110,400)
Common stock repurchases, including stock surrendered for tax withholding     (213) (87)  
Repayments of senior secured credit facility       (21,250)  
Net cash (used in) provided by financing activities     (8,247) (29,422)  
Net increase (decrease) in cash and cash equivalents     (2,574) (4,570)  
Cash and cash equivalents, beginning of period     11,034 8,280  
Cash and cash equivalents, end of period $ 8,460 $ 3,710 8,460 3,710 $ 8,460
Non-cash investing and financing transactions:          
Increase (decrease) in accrued capital expenditures for oil and natural gas properties     $ (142) $ (768)