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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

15. SUBSEQUENT EVENTS

 

On April 5, 2022, the Company sold the Wildhorse Waterflood Unit in Osage County, Oklahoma which it acquired on January 5, 2022. The effective date of the sale was March 1, 2022. Proceeds from the sale of the properties were $1.4 million.

 

On May 2, 2022, the Company paid a cash dividend of $0.0225 per share to shareholders of record on April 15, 2022. The total amount of the dividend including fees was $578 thousand.

 

On May 3, 2022, The Company acquired operated oil and gas producing properties in Liberty County, Texas, adjacent to its existing assets in the area, for $1.0 million in an all-cash transaction. The effective date of the transaction is April 1, 2022. The assets include approximately 1,022 acres, which are 100% held by production, a gas pipeline and associated infrastructure.