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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Revenues        
Total revenues $ 23,025 $ 36,867 $ 64,650 $ 110,340
Operating costs        
Lease operating costs 12,624 13,570 36,865 47,727
Depletion, depreciation, and accretion 5,900 3,383 14,760 10,439
General and administrative expenses 2,417 2,267 7,522 7,320
Total operating costs 20,941 19,220 59,147 65,486
Income (loss) from operations 2,084 17,647 5,503 44,854
Other income (expense)        
Net gain (loss) on derivative contracts (1,183) 270 (1,183) 513
Interest and other income 63 13 283 26
Interest expense (518) (32) (584) (404)
Income (loss) before income taxes 446 17,898 4,019 44,989
Income tax (expense) benefit (157) (3,941) (1,174) (9,938)
Net income (loss) $ 289 $ 13,957 $ 2,845 $ 35,051
Net income (loss) per common share:        
Basic (in dollars per share) $ 0.01 $ 0.42 $ 0.09 $ 1.04
Diluted (in dollars per share) $ 0.01 $ 0.41 $ 0.08 $ 1.04
Weighted average number of common shares outstanding:        
Basic (in shares) 32,702 33,013 32,692 33,108
Diluted (in shares) 32,854 33,156 32,920 33,291
Crude oil        
Revenues        
Total revenues $ 14,538 $ 11,799 $ 38,913 $ 40,062
Natural gas liquids        
Revenues        
Total revenues 2,627 3,470 7,794 11,462
Natural gas        
Revenues        
Total revenues $ 5,860 $ 21,598 $ 17,943 $ 58,816