| Schedule of Segment Reporting Information, by Segment |
The following table presents selected financial information with respect to the Company’s single operating segment for the three months ended March 31, 2025 and 2024: | | | | | | | | | | | | | | Three Months Ended March 31, | | | 2025 | | 2024 | | (In thousands) | | Revenues | | | | | Oil | $ | 18,880 | | | $ | 15,599 | | | Natural gas | 12,673 | | | 6,007 | | | NGL | 11,051 | | | 8,677 | | | Total revenues | 42,604 | | | 30,283 | | | Expenses | | | | | Lease operating expenses | 10,917 | | | 10,892 | | | Production, ad valorem, and other taxes | 3,099 | | | 1,896 | | | Depreciation and depletion—oil and natural gas | 8,416 | | | 4,076 | | | Depreciation and amortization—other | 1,603 | | | 1,678 | | | General and administrative | 3,853 | | | 3,332 | | | Restructuring expenses | 40 | | | — | | | | | | | (Gain) loss on derivative contracts | 2,487 | | | — | | | Other operating (income) expense | — | | | (9) | | | Total expenses | 30,415 | | | 21,865 | | | Income (loss) from operations | 12,189 | | | 8,418 | | | Other income (expense) | | | | | Interest income (expense), net | 860 | | | 2,698 | | | Other income (expense), net | — | | | 9 | | | Total other income (expense) | 860 | | | 2,707 | | | Income (loss) before income taxes | 13,049 | | | 11,125 | | | Income tax (benefit) | — | | | — | | | Net income (loss) | $ | 13,049 | | | $ | 11,125 | | | | | |
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