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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities:    
Net income $ 5,382 $ 4,549
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 5,816 4,114
Amortization of right-of-use asset 53 50
Share-based compensation expense 1,035 1,100
Changes in operating assets and liabilities:    
Accounts receivable - oil and gas (4,011) (3,002)
Prepaid expenses and other current assets 199 289
Accounts payable (386) (138)
Accrued expenses 293 73
Revenue payable (7) 96
Net cash provided by operating activities 8,374 7,131
Cash Flows From Investing Activities:    
Cash paid for drilling and completion costs (25,295) (10,047)
Cash paid for vehicle (45) 0
Net cash used in investing activities (25,340) (10,047)
Cash Flows From Financing Activities:    
Proceeds from issuance of shares, net of offering costs 0 50
Net cash provided by financing activities 0 50
Net decrease in cash and restricted cash (16,966) (2,866)
Cash and restricted cash at beginning of period 32,977 29,227
Cash and restricted cash at end of period 16,011 26,361
Cash paid for:    
Interest 0 0
Income taxes 0 0
Noncash investing and financing activities:    
Change in accrued oil and gas development costs 13,017 1,604
Changes in estimates of asset retirement costs, net 31 80
Issuance of restricted common stock $ 1 $ 1