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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenues        
Total revenues $ 20,275 $ 21,024 $ 42,171 $ 41,625
Operating costs        
Lease operating costs 12,793 12,358 24,583 24,241
Depletion, depreciation, and accretion 5,433 4,598 11,158 8,860
General and administrative expenses 2,654 2,502 5,181 5,105
Total operating costs 20,880 19,458 40,922 38,206
Income (loss) from operations (605) 1,566 1,249 3,419
Other income (expense)        
Net gain (loss) on derivative contracts (1,219)   579  
Interest and other income 52 104 109 220
Interest expense (764) (34) (1,587) (66)
Income (loss) before income taxes (2,536) 1,636 350 3,573
Income tax (expense) benefit 711 (554) (110) (1,017)
Net income (loss) $ (1,825) $ 1,082 $ 240 $ 2,556
Net income (loss) per common share:        
Basic (in dollars per share) $ (0.06) $ 0.03   $ 0.08
Diluted (in dollars per share) $ (0.06) $ 0.03   $ 0.08
Weighted average number of common shares outstanding:        
Basic (in shares) 32,934 32,693 32,828 32,676
Diluted (in shares) 32,934 32,900 32,994 32,940
Crude oil        
Revenues        
Total revenues $ 11,763 $ 11,759 $ 26,500 $ 24,375
Natural gas        
Revenues        
Total revenues 5,793 6,531 10,078 12,083
Natural gas liquids        
Revenues        
Total revenues $ 2,719 $ 2,734 $ 5,593 $ 5,167