| Revenue |
The following tables present the Company’s revenue from contracts with customers and other revenue for the three months ended March 31, 2025, and 2024 by segment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from customers |
|
$ |
29,886 |
|
|
$ |
85,772 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
115,658 |
|
Other revenue |
|
|
— |
|
|
|
— |
|
|
|
89 |
|
|
|
— |
|
|
|
89 |
|
Intersegment revenue |
|
|
38 |
|
|
|
— |
|
|
|
29,752 |
|
|
|
(29,790 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
29,924 |
|
|
$ |
85,772 |
|
|
$ |
29,841 |
|
|
$ |
(29,790 |
) |
|
$ |
115,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from customers |
|
$ |
33,984 |
|
|
$ |
6,678 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
40,662 |
|
Other revenue |
|
|
— |
|
|
|
— |
|
|
|
18 |
|
|
|
— |
|
|
|
18 |
|
Intersegment revenue |
|
|
11 |
|
|
|
— |
|
|
|
15,543 |
|
|
|
(15,554 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
33,995 |
|
|
$ |
6,678 |
|
|
$ |
15,561 |
|
|
$ |
(15,554 |
) |
|
$ |
40,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The following tables present the Company’s revenue from contracts with customers disaggregated by product type for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude oil |
|
$ |
26,263 |
|
|
$ |
83,202 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
109,465 |
|
Natural gas sales |
|
|
1,803 |
|
|
|
428 |
|
|
|
— |
|
|
|
— |
|
|
|
2,231 |
|
NGL |
|
|
1,820 |
|
|
|
639 |
|
|
|
— |
|
|
|
— |
|
|
|
2,459 |
|
Water services |
|
|
— |
|
|
|
1,503 |
|
|
|
— |
|
|
|
— |
|
|
|
1,503 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
$ |
29,886 |
|
|
$ |
85,772 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
115,658 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude oil |
|
$ |
30,760 |
|
|
$ |
6,554 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
37,314 |
|
Natural gas sales |
|
|
1,366 |
|
|
|
15 |
|
|
|
— |
|
|
|
— |
|
|
|
1,381 |
|
NGL |
|
|
1,858 |
|
|
|
109 |
|
|
|
— |
|
|
|
— |
|
|
|
1,967 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
$ |
33,984 |
|
|
$ |
6,678 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
40,662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|