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Derivatives (Tables)
3 Months Ended
Sep. 30, 2025
Derivatives  
Schedule of the Location and Fair Value Amounts of All Derivative Contracts in the Unaudited Condensed Consolidated Balance Sheets

The following table summarizes the location and fair value amounts of all derivative contracts in the unaudited condensed consolidated balance sheets as of September 30, 2025 and June 30, 2025 (in thousands):

Derivatives not designated

as hedging contracts

Balance sheet

Derivative Contract Assets

Balance sheet

Derivative Contract Liabilities

under ASC 815

    

location

    

September 30, 2025

    

June 30, 2025

    

location

    

September 30, 2025

    

June 30, 2025

Commodity contracts

Current assets - derivative contract assets

$

2,075

$

1,777

Current liabilities - derivative contract liabilities

$

1,216

$

1,577

Commodity contracts

Other noncurrent assets - derivative contract assets

402

198

Long term liabilities - derivative contract liabilities

1,343

1,783

Total derivatives not designated as hedging contracts under ASC 815

$

2,477

$

1,975

$

2,559

$

3,360

Derivative Instruments, Gain (Loss)

Derivatives not designated

as hedging contracts

Balance sheet

Derivative Contract Assets

Balance sheet

Derivative Contract Liabilities

under ASC 815

    

location

    

September 30, 2025

    

June 30, 2025

    

location

    

September 30, 2025

    

June 30, 2025

Commodity contracts

Current assets - derivative contract assets

$

2,075

$

1,777

Current liabilities - derivative contract liabilities

$

1,216

$

1,577

Commodity contracts

Other noncurrent assets - derivative contract assets

402

198

Long term liabilities - derivative contract liabilities

1,343

1,783

Total derivatives not designated as hedging contracts under ASC 815

$

2,477

$

1,975

$

2,559

$

3,360

Schedule of Derivative Instruments

As of September 30, 2025, the Company had the following open crude oil and natural gas derivative contracts:

Swap Price

Sub Floor

Floor Price

Ceiling Price

Volumes in

per

Price per

per

per

Period

    

Commodity

    

Instrument

    

MMBTU/BBL

MMBTU/BBL

    

MMBTU/BBL

    

MMBTU/BBL

    

MMBTU/BBL

October 2025 - December 2025

Crude Oil

Fixed-Price Swap

5,895

$

72.00

October 2025 - December 2025

Crude Oil

Fixed-Price Swap

39,893

71.40

October 2025 - December 2025

Crude Oil

Fixed-Price Swap

9,157

61.02

October 2025 - June 2026

Crude Oil

Fixed-Price Swap

43,656

61.00

April 2026 - June 2026

Crude Oil

Fixed-Price Swap

17,106

60.40

April 2026 - September 2026

Crude Oil

Fixed-Price Swap

25,412

62.00

October 2025 - December 2025

Crude Oil

Two-Way Collar

10,258

$

60.00

$

63.00

October 2025 - December 2025

Crude Oil

Two-Way Collar

2,404

60.00

63.50

October 2025 - August 2026

Crude Oil

Two-Way Collar

69,646

60.00

65.55

January 2026 - March 2026

Crude Oil

Two-Way Collar

43,493

60.00

75.80

September 2026 - December 2026

Crude Oil

Three-Way Collar

40,872

$

50.00

60.00

70.45

October 2025 - December 2026

Natural Gas

Fixed-Price Swap

2,090,828

3.60

October 2025 - December 2027

Natural Gas

Fixed-Price Swap

2,921,728

3.57

July 2026 - December 2026

Natural Gas

Fixed-Price Swap

207,366

3.98

October 2025 - December 2025

Natural Gas

Two-Way Collar

222,725

4.00

4.95

October 2025 - December 2025

Natural Gas

Two-Way Collar

25,028

2.90

3.50

January 2026 - March 2026

Natural Gas

Two-Way Collar

213,251

4.00

5.39

January 2026 - March 2026

Natural Gas

Two-Way Collar

375,481

3.60

5.00

January 2026 - March 2026

Natural Gas

Two-Way Collar

76,177

3.50

4.66

April 2026 - October 2026

Natural Gas

Two-Way Collar

952,588

3.50

4.55

September 2026 - December 2026

Natural Gas

Two-Way Collar

318,964

3.75

4.94

Subsequent to September 30, 2025, the Company entered into the following new crude oil and natural gas derivative contracts:

Swap Price

Sub Floor

Floor Price

Ceiling Price

Volumes in

per

Price per

per

per

Period

    

Commodity

    

Instrument

    

MMBTU/BBL

MMBTU/BBL

    

MMBTU/BBL

    

MMBTU/BBL

    

MMBTU/BBL

January 2026 - September 2026

Crude Oil

Fixed-Price Swap

83,498

$

60.00

April 2026 - December 2026

Crude Oil

Two-Way Collar

49,215

$

55.00

$

63.65

July 2026 - December 2026

Crude Oil

Two-Way Collar

35,427

55.00

63.50

October 2026 - December 2026

Crude Oil

Three-Way Collar

26,130

$

50.00

57.00

70.22

January 2026 - December 2026

Natural Gas

Two-Way Collar

578,214

3.50

4.44

Offsetting Assets

Derivative Contracts Assets

Derivative Contracts Liabilities

Offsetting of Derivative Assets and Liabilities

    

September 30, 2025

    

June 30, 2025

    

September 30, 2025

    

June 30, 2025

Gross amounts presented in the Consolidated Balance Sheet

$

2,477

$

1,975

$

2,559

$

3,360

Amounts not offset in the Consolidated Balance Sheet

(1,619)

(1,774)

(1,619)

(1,774)

Net amount

$

858

$

201

$

940

$

1,586

Offsetting Liabilities

Swap Price

Sub Floor

Floor Price

Ceiling Price

Volumes in

per

Price per

per

per

Period

    

Commodity

    

Instrument

    

MMBTU/BBL

MMBTU/BBL

    

MMBTU/BBL

    

MMBTU/BBL

    

MMBTU/BBL

January 2026 - September 2026

Crude Oil

Fixed-Price Swap

83,498

$

60.00

April 2026 - December 2026

Crude Oil

Two-Way Collar

49,215

$

55.00

$

63.65

July 2026 - December 2026

Crude Oil

Two-Way Collar

35,427

55.00

63.50

October 2026 - December 2026

Crude Oil

Three-Way Collar

26,130

$

50.00

57.00

70.22

January 2026 - December 2026

Natural Gas

Two-Way Collar

578,214

3.50

4.44