v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 523 $ (2,277)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 18,259 16,066
Impairment expense 8,448 0
Loss (gain) on derivative instruments (7,845) 17,789
Cash settlements (paid) received on expired derivative instruments 5,284 7,983
Deferred income tax expense (benefit) (118) (2,568)
Accretion of asset retirement obligations 4,393 4,157
Share-based compensation (see Note 11) 3,880 3,298
Settlement of asset retirement obligations (525) (416)
Amortization and write-off of deferred financing costs 630 608
Bad debt expense 53 26
Changes in operating assets and liabilities:    
Accounts receivable 4,968 2,763
Prepaid expenses and other assets 2,116 (2,784)
Payables and accrued liabilities 9,124 (21,544)
Net cash provided by operating activities 49,190 23,101
Cash flows from investing activities:    
Additions to oil and gas properties (52,227) (38,616)
Additions to other property and equipment (649) (992)
Additions to restricted investments (5,100) (4,969)
Proceeds from the sale of oil and natural gas properties 7,796 0
Net cash used in investing activities (50,180) (44,577)
Cash flows from financing activities:    
Advances on Revolving Credit Facility 74,000 53,000
Payments on Revolving Credit Facility (71,000) (50,000)
Shares withheld for taxes (2,010) (1,768)
Net cash used in financing activities 990 1,232
Net change in cash and cash equivalents 0 (20,244)
Cash and cash equivalents, beginning of period 0 20,746
Cash and cash equivalents, end of period $ 0 $ 502