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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net (loss) income $ (9,680) $ (35,736)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depletion, depreciation and accretion 38,771 44,287
Stock-based compensation, net 140 (1,231)
Unrealized loss (gain) on derivative contracts (12,764) 23,469
Amortization/accretion of financing related costs 4,949 5,789
Accrued settlements on derivative contracts (1,102) 2,846
Change in fair value of embedded derivative liability (1,323) (2,582)
Other 278 144
Change in assets and liabilities:    
Accounts receivable 4,155 11,410
Prepaids and other 17 344
Accounts payable and accrued liabilities 5,228 (37,675)
Net cash provided by operating activities 28,669 11,065
Cash flows from investing activities:    
Oil and natural gas capital expenditures (51,778) (36,695)
Proceeds received from sale of oil and natural gas assets 7,015 1,189
Acquisition of oil and natural gas properties (47)  
Contract asset (7,737) (1,447)
Other operating property and equipment capital expenditures (19) (136)
Other (20) (17)
Net cash used in investing activities (52,586) (37,106)
Cash flows from financing activities:    
Repayments of borrowings (52,383) (25,066)
Payment of debt financing costs (175)  
Proceeds from issuance of preferred stock 38,781 61,425
Merger deposit 10,000  
Other   (454)
Net cash (used in) provided by financing activities (3,777) 35,905
Net decrease in cash, cash equivalents and restricted cash (27,694) 9,864
Cash, cash equivalents and restricted cash at beginning of period 57,619 32,816
Cash, cash equivalents and restricted cash at end of period 29,925 42,680
Supplemental cash flow information:    
Cash paid for interest $ 17,943 $ 21,730