Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Selected financial information related to our one reportable segment is included below:


(in thousands)	Three months ended March 31,
	2025		2024
REVENUES
Oil and condensate	$	64,995	$	38,034
Natural gas liquids	8,562		6,502
Gas	10,768		22,903
Total Revenues	84,325		67,439
EXPENSES
Production	42,271		33,083
Exploration	73		123
Taxes, transportation and other	17,881		15,573
Depreciation, depletion, and amortization	21,429		10,517
Accretion of discount in asset retirement obligation	3,813		2,784
General and administrative	2,441		2,654
Total Expenses	87,908		64,734
OPERATING (LOSS) INCOME	(3,583)		2,705
OTHER INCOME
Other income	9,517		8,413
SEGMENT INCOME FROM OPERATIONS	$	5,934	$	11,118

Reconciliation:
Interest income	103		125
Interest expense	(3,621)		(976)
Other Expense	(3,518)		(851)
NET INCOME	$	2,416	$	10,267

CASH PROVIDED BY OPERATING ACTIVITIES	$	30,610	$	25,197