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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue $ 13,480 $ 1,656 $ 22,352 $ 2,867
Operating expenses:        
Lease operating expenses 4,646 477 7,382 1,045
Production taxes 913 131 1,485 210
Depreciation, depletion, accretion and amortization 2,571 146 4,457 264
General and administrative expenses 2,642 812 5,588 1,547
Total operating expenses 10,772 1,566 18,912 3,066
Operating income (loss) 2,708 90 3,440 (199)
Other non-operating income (expense):        
Commodity derivative loss (2,132) (317) (8,969) (210)
Marketable equity securities gain (loss) (121) 23 (40) 73
Other income (expense), net (5) 3 (6) 25
Interest, net (60) (6) (108) (58)
Total other non-operating expense (2,318) (297) (9,123) (170)
Net loss before income taxes 390 (207) (5,683) (369)
Income tax (expense) benefit (268) 2,421
Net income (loss) $ 122 $ (207) $ (3,262) $ (369)
Basic weighted shares outstanding 24,923,812 4,676,301 24,323,859 4,304,612
Diluted weighted shares outstanding 25,265,180 4,676,301 24,323,859 4,304,612
Basic earnings (loss) per share $ 0.00 $ (0.04) $ (0.13) $ (0.09)
Diluted earnings (loss) per share $ 0.00 $ (0.04) $ (0.13) $ (0.09)
Oil [Member]        
Revenue:        
Total revenue $ 11,334 $ 1,507 $ 19,167 $ 2,639
Natural Gas, Midstream [Member]        
Revenue:        
Total revenue $ 2,146 $ 149 $ 3,185 $ 228