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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Revenue $ 6,046 $ 7,978 $ 11,437 $ 16,251
Operating expenses:        
Lease operating expenses 3,076 3,739 6,262 8,148
Gathering, transportation and treating 63 138 127 252
Production taxes 367 538 710 1,058
Depreciation, depletion, accretion and amortization 2,165 2,896 4,360 5,313
Impairment of oil and natural gas properties 0 0 5,419 0
General and administrative expenses 2,091 3,368 4,297 6,140
Total operating expenses 7,762 10,679 21,175 20,911
Operating income (loss) (1,716) (2,701) (9,738) (4,660)
Other income (expense):        
Commodity derivative gain (loss), net (112) 288 (1,493) 1,208
Interest (expense), net (131) (289) (251) (558)
Other income (expense), net (19) (22) (15) (22)
Total other income (expense) (262) (23) (1,759) 628
Net income (loss) before income taxes (1,978) (2,724) (11,497) (4,032)
Income tax (expense) benefit 4 209 (14) 270
Net income (loss) $ (1,974) $ (2,515) $ (11,511) $ (3,762)
Basic and diluted weighted average shares outstanding (in shares) 25,452,814 25,186,797 25,420,517 25,182,704
Basic and diluted income (loss) per share (in dollars per share) $ (0.08) $ (0.1) $ (0.45) $ (0.15)
Oil Sales[Member]        
Revenue:        
Revenue $ 5,472 $ 7,028 $ 10,199 $ 14,124
Natural Gas, Midstream [Member]        
Revenue:        
Revenue $ 574 $ 950 $ 1,238 $ 2,127