XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Total Revenues $ 67,012 $ 67,245
Costs and Expenses:    
Lease operating expenses 8,875 6,830
Production and ad valorem taxes 4,110 3,502
Exploration costs 332 1,498
Depletion, depreciation, amortization and accretion 9,083 6,633
General and administrative:    
Administrative costs 5,467 4,014
Share-based compensation expense 1,114 1,017
Cost of contract services - related parties 110 85
Transaction costs 1,887 2,638
Total Costs and Expenses 30,978 26,217
Income From Operations 36,034 41,028
Other Income (Expense):    
Interest expense, net (1,016) (678)
Gain (loss) on derivatives 5,755 (49,632)
Loss from equity method investment (232) 0
Total Other Income (Expense) 4,507 (50,310)
Net Income (Loss) From Operations Before Income Taxes 40,541 (9,282)
Income tax (expense) benefit (8,690) 2,114
Net income (loss) $ 31,851 $ (7,168)
Net Income (Loss) per Share:    
Basic (USD per Share) $ 1.62 $ (0.37)
Diluted (USD per Share) $ 1.60 $ (0.37)
Weighted Average Common Shares Outstanding:    
Basic (in Shares) 19,649 19,501
Diluted (in Shares) 19,910 19,501
Oil and natural gas sales, net    
Revenues:    
Total Revenues $ 66,412 $ 66,645
Contract services - related parties    
Revenues:    
Total Revenues $ 600 $ 600