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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (9,537) $ (1,247)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation, depletion, accretion, and amortization 2,195 2,417
Impairment of oil and natural gas properties 5,419 0
Deferred income taxes 0 (62)
Total commodity derivatives (gains) losses, net 1,381 (919)
Commodity derivative settlements received (paid) 404 (406)
(Gains) losses on marketable equity securities (15) 0
Impairment and loss on real estate held for sale 11 0
Amortization of debt issuance costs 12 12
Stock-based compensation 200 727
Right of use asset amortization 40 55
Oil and natural gas sales receivable 248 1,145
Other assets (397) 52
Accounts payable and accrued liabilities (245) (794)
Accrued compensation and benefits (298) (754)
Revenue and royalties payable 80 79
Payments on operating lease liability (43) (58)
Payments of asset retirement obligations (58) (11)
Net cash provided by (used in) operating activities (603) 236
Cash flows from investing activities:    
Oil and natural gas capital expenditures (144) (1,106)
Property and equipment expenditures 0 (261)
Proceeds from sale of oil and natural gas properties, net (35) 0
Net cash provided by (used in) investing activities (179) (1,367)
Cash flows from financing activities:    
Payments on insurance premium finance note (62) (112)
Shares withheld to settle tax withholding obligations for restricted stock awards 105 151
Dividends paid 0 (596)
Repurchases of common stock (396) 0
Net cash provided by (used in) financing activities (563) (859)
Net (decrease) increase in cash and equivalents (1,345) (1,990)
Cash and equivalents, beginning of period 3,351 4,411
Cash and equivalents, end of period $ 2,006 $ 2,421