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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Oil, natural gas and natural gas liquids sales:        
Total oil, natural gas and natural gas liquids sales $ 49,083 $ 53,885 $ 98,615 $ 118,158
Other 21 387 359 1,256
Total operating revenues 49,104 54,272 98,974 119,414
Production:        
Lease operating 11,005 11,365 22,591 23,056
Workover and other 951 2,634 1,839 3,969
Taxes other than income 3,349 3,180 6,340 6,370
Gathering and other 12,126 16,828 29,412 33,345
General and administrative 3,340 5,243 7,411 10,380
Depletion, depreciation and accretion 13,213 14,713 26,238 30,861
Total operating expenses 43,984 53,963 93,831 107,981
Income from operations 5,120 309 5,143 11,433
Other income (expenses):        
Net gain (loss) on derivative contracts 1,223 4,473 (22,964) 23,946
Interest expense and other (6,448) (9,530) (13,486) (17,316)
Total other (expenses) income (5,225) (5,057) (36,450) 6,630
(Loss) income before income taxes (105) (4,748) (31,307) 18,063
Income tax benefit (provision) 0 0 0 0
Net (loss) income (105) (4,748) (31,307) 18,063
Preferred dividends (8,586) (997) (14,218) (2,489)
Net (loss) income available to common stockholders $ (8,691) $ (5,745) $ (45,525) $ 15,574
Net (loss) income per share of common stock available to common stockholders:        
Basic (in dollars per share) $ (0.53) $ (0.35) $ (2.77) $ 0.87
Diluted (in dollars per share) $ (0.53) $ (0.35) $ (2.77) $ 0.86
Weighted average common shares outstanding:        
Basic (in shares) 16,457 16,457 16,457 16,425
Diluted (in shares) 16,457 16,457 16,457 16,520
Oil        
Oil, natural gas and natural gas liquids sales:        
Total oil, natural gas and natural gas liquids sales $ 45,699 $ 46,168 $ 88,128 $ 100,383
Natural gas        
Oil, natural gas and natural gas liquids sales:        
Total oil, natural gas and natural gas liquids sales (2,119) 2,060 (72) 4,960
Natural gas liquids        
Oil, natural gas and natural gas liquids sales:        
Total oil, natural gas and natural gas liquids sales $ 5,503 $ 5,657 $ 10,559 $ 12,815