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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue :        
Oil and gas sales $ 7,330 $ 7,472 $ 24,042 $ 24,109
Operating expenses:        
Lease operating costs 2,245 2,918 7,540 8,076
Selling, general and administrative expense 1,297 1,220 4,118 4,108
Depreciation, depletion, amortization and accretion 2,932 2,313 8,411 6,427
Total operating expenses 6,474 6,451 20,069 18,611
Operating income 856 1,021 3,973 5,498
Other income:        
Interest income 88 33 272 40
Other income 5 25 40 90
Total other income 93 58 312 130
Net income $ 949 $ 1,079 $ 4,285 $ 5,628
Income per common share:        
Basic $ 0.01 $ 0.01 $ 0.05 $ 0.07
Diluted $ 0.01 $ 0.01 $ 0.05 $ 0.07
Weighted average number of common shares outstanding:        
Basic 87,108,745 85,644,180 86,958,033 85,419,689
Diluted 87,108,745 85,644,180 86,958,033 85,419,689