XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Total revenue $ 8,272 $ 8,872
Operating expenses:    
Lease operating expense 4,523 2,735
Production taxes 520 572
Depreciation, depletion, accretion and amortization 2,417 1,886
General and administrative expenses 2,772 2,946
Total operating expenses 10,232 8,139
Operating (loss) income (1,960) 733
Other income (expense):    
Commodity derivative gain (loss) 919 (6,837)
Marketable equity securities gain 81
Interest expense, net (268) (50)
Total other income (expense) 651 (6,806)
Net loss before income taxes (1,309) (6,073)
Income tax benefit 62 2,689
Net loss $ (1,247) $ (3,384)
Basic and diluted weighted average shares outstanding 25,178,565 23,717,240
Basic and diluted net loss per share $ (0.05) $ (0.14)
Oil [Member]    
Revenue:    
Total revenue $ 7,095 $ 7,833
Natural Gas, Midstream [Member]    
Revenue:    
Total revenue $ 1,177 $ 1,039