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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Total revenue $ 11,826 $ 1,784 $ 34,178 $ 4,651
Operating expenses:        
Lease operating expenses 5,350 586 12,732 1,631
Production taxes 817 133 2,302 343
Depreciation, depletion, accretion and amortization 2,528 151 6,985 415
General and administrative expenses 2,708 686 8,296 2,233
Total operating expenses 11,403 1,556 30,315 4,622
Operating income 423 228 3,863 29
Other non-operating income (expense):        
Commodity derivative gain (loss) 4,025 (25) (4,944) (235)
Marketable equity securities (loss) gain (45) (6) (85) 67
Impairment on real estate held for sale (75) (141) (75) (141)
Other (expense) income, net (2) 24 (8) 49
Interest, net (187) 1 (295) (57)
Total other non-operating income (expense) 3,716 (147) (5,407) (317)
Net income (loss) before income taxes 4,139 81 (1,544) (288)
Income tax (expense) benefit (29)   2,392  
Net income (loss) $ 4,110 $ 81 $ 848 $ (288)
Basic weighted shares outstanding 24,390,193 4,676,301 24,548,385 4,429,870
Diluted weighted shares outstanding 24,682,476 4,721,301 24,891,148 4,429,870
Basic earnings (loss) per share $ 0.16 $ 0.02 $ 0.03 $ (0.07)
Diluted earnings (loss) per share $ 0.16 $ 0.02 $ 0.03 $ (0.07)
Oil [Member]        
Revenue:        
Total revenue $ 8,979 $ 1,593 $ 28,146 $ 4,232
Natural Gas, Midstream [Member]        
Revenue:        
Total revenue 2,820 191 6,005 419
Gathering Fee [Member]        
Revenue:        
Total revenue $ 27 $ 27