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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 2,293 $ 2,251
Accounts Receivable 10,167 8,155
Inventory 1,303 1,305
Prepaids 756 640
Total Current Assets 14,519 12,351
Property and Equipment:    
Oil and Natural Gas Properties, Successful Efforts 144,008 140,675
Less: Accumulated Depletion, Amortization and Impairment (36,583) (31,974)
Total Oil and Gas Properties, Net 107,425 108,701
Other Property and Equipment, Net 1,484 1,391
Total Property and Equipment, Net 108,909 110,092
Other Noncurrent Assets 1,231 1,425
Total Assets 124,659 123,868
Current Liabilities:    
Accounts Payable 11,935 10,452
Accrued Expenses 11,402 10,348
Current Portion of Lease Liability 300 400
Current Portion of Note Payable - Related Party (Note 8) 2,000
Current Portion of Long-Term Debt 530 70
Total Current Liabilities 26,167 21,270
Long-Term Debt 14,627 11,266
Long-Term Lease Liability 39 144
Asset Retirement Obligations 29,321 28,423
Total Liabilities 70,154 61,103
Stockholders' Equity:    
Series A Preferred Stock - $0.001 Par Value, 10,000,000 Shares Authorized, 6 and 6 Shares Issued and Outstanding, Respectively
Common Stock - $0.001 Par Value 190,000,000 Shares Authorized, 33,756,595 and 33,667,132 Shares Issued and Outstanding, Respectively 93 93
Additional Paid-in-Capital 144,506 143,489
Accumulated Deficit (90,094) (80,817)
Total Stockholders' Equity 54,505 62,765
Total Liabilities and Stockholders' Equity $ 124,659 $ 123,868