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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 136 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Cash flows from operating activities:          
Net income (loss)     $ (1,939) $ 2,845  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depletion, depreciation, and accretion $ 5,014 $ 5,900 16,172 14,760  
Stock-based compensation     1,860 1,585  
Settlement of asset retirement obligations     (346) (19)  
Deferred income taxes     (2,130) 124  
Unrealized (gain) loss on derivative contracts     3,426 1,063  
Accrued settlements on derivative contracts     (114) 94  
Other     (7)    
Changes in operating assets and liabilities:          
Receivables from crude oil, natural gas, and natural gas liquids revenues     (34) (4,734)  
Prepaid expenses and other current assets     1,400 (1,425)  
Accounts payable, accrued liabilities and other     4,382 814  
State and federal taxes payable     (74) (365)  
Net cash provided by operating activities     22,596 14,742  
Cash flows from investing activities:          
Acquisition deposits     (1,800)    
Acquisition of oil and natural gas properties     (351) (43,788)  
Capital expenditures for oil and natural gas properties     (7,902) (8,353)  
Net cash used in investing activities     (10,053) (52,141)  
Cash flows from financing activities:          
Common stock dividends paid     (12,224) (12,037) $ (130,700)
Common stock repurchases, including stock surrendered for tax withholding     (262) (1,031)  
Borrowings under senior secured credit facility       42,500  
Repayments of senior secured credit facility     (4,000)    
Issuance of common stock     3,404    
Offering costs     (306)    
Net cash provided by (used in) financing activities     (13,388) 29,432  
Net increase (decrease) in cash and cash equivalents     (845) (7,967)  
Cash and cash equivalents, beginning of period     6,446 11,034  
Cash and cash equivalents, end of period $ 5,601 $ 3,067 5,601 3,067 $ 5,601
Non-cash investing and financing transactions:          
Increase (decrease) in accrued capital expenditures for oil and natural gas properties     (384) 2,193  
Oil and natural gas property costs attributable to the recognition (derecognition) of asset retirement obligations     $ (229) $ 90