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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 132 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Cash flows from operating activities:          
Net income (loss)     $ 240 $ 2,556  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depletion, depreciation, and accretion $ 5,433 $ 4,598 11,158 8,860  
Stock-based compensation     1,218 1,036  
Settlement of asset retirement obligations     (280)    
Deferred income taxes     (29) (642)  
Unrealized (gain) loss on derivative contracts     (500)    
Accrued settlements on derivative contracts     (57)    
Other     (3) 3  
Changes in operating assets and liabilities:          
Receivables from crude oil, natural gas, and natural gas liquids revenues     (8) (2,239)  
Prepaid expenses and other current assets     435 (274)  
Accounts payable, accrued liabilities and other     3,233 2,443  
State and federal income taxes payable     (74) (365)  
Net cash provided by operating activities     15,333 11,378  
Cash flows from investing activities:          
Acquisition of oil and natural gas properties     (331)    
Capital expenditures for oil and natural gas properties     (3,498) (5,705)  
Net cash used in investing activities     (3,829) (5,705)  
Cash flows from financing activities:          
Common stock dividends paid     (8,115) (8,034) $ (126,600)
Common stock repurchases, including stock surrendered for tax withholding     (191) (213)  
Issuance of common stock     2,259    
Offering costs     (236)    
Net cash used in financing activities     (6,283) (8,247)  
Net increase (decrease) in cash and cash equivalents     5,221 (2,574)  
Cash and cash equivalents, beginning of period     6,446 11,034  
Cash and cash equivalents, end of period $ 11,667 $ 8,460 11,667 8,460 $ 11,667
Non-cash investing and financing transactions:          
Increase (decrease) in accrued capital expenditures for oil and natural gas properties     1,709 $ (142)  
Oil and natural gas property costs attributable to the recognition (derecognition) of asset retirement obligations     $ (47)