Segments - Schedule of Segment Reporting Information, by Segment (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 |
Mar. 31, 2025 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
Revenue, Major Customer [Line Items] | ||||||||
Total Revenues | $ 85,394 | $ 105,403 | $ 187,851 | $ 205,147 | ||||
Less: | ||||||||
Lease operating expenses | 18,880 | 16,492 | 37,211 | 33,261 | ||||
Production and ad valorem taxes | 6,126 | 7,174 | 12,796 | 14,405 | ||||
Exploration costs | 47 | 60 | 56 | 64 | ||||
Depletion, depreciation, amortization and accretion | 19,563 | 17,470 | 38,701 | 35,249 | ||||
Impairment of oil and natural gas properties | 1,214 | 0 | 1,214 | 0 | ||||
Administrative costs | 6,199 | 6,644 | 13,637 | 11,983 | ||||
Share-based compensation expense | 2,685 | 3,281 | 4,054 | 4,973 | ||||
Interest income | (149) | (236) | (279) | (443) | ||||
(Gain) loss on derivatives, net | (18,720) | 359 | (12,870) | 17,436 | ||||
Loss from equity method investment | (129) | (192) | (248) | (25) | ||||
Income tax expense | (9,704) | (10,656) | (17,943) | (16,488) | ||||
Net Income | 30,470 | $ 28,633 | 33,548 | $ 18,758 | 59,103 | 52,306 | ||
Total assets | 1,033,567 | 1,033,567 | $ 993,501 | |||||
Equity method investment | 28,813 | $ 28,942 | 20,757 | $ 11,406 | 28,813 | 20,757 | $ 22,811 | $ 5,620 |
Reportable Segment | ||||||||
Revenue, Major Customer [Line Items] | ||||||||
Total Revenues | 85,394 | 105,403 | 187,851 | 205,147 | ||||
Less: | ||||||||
Lease operating expenses | 18,880 | 16,492 | 37,211 | 33,261 | ||||
Production and ad valorem taxes | 6,126 | 7,174 | 12,796 | 14,405 | ||||
Exploration costs | 47 | 60 | 56 | 64 | ||||
Depletion, depreciation, amortization and accretion | 19,563 | 17,470 | 38,701 | 35,249 | ||||
Impairment of oil and natural gas properties | 1,214 | 0 | 1,214 | 0 | ||||
Administrative costs | 6,199 | 6,644 | 13,637 | 11,983 | ||||
Share-based compensation expense | 2,685 | 3,281 | 4,054 | 4,973 | ||||
Other segment items | 1,926 | 670 | 1,926 | 1,033 | ||||
Interest expense, net of capitalized interest | 7,320 | 9,093 | 14,111 | 18,367 | ||||
Interest income | (149) | (236) | (279) | (443) | ||||
(Gain) loss on derivatives, net | (18,720) | 359 | (12,870) | 17,436 | ||||
Loss from equity method investment | 129 | 192 | 248 | 25 | ||||
Income tax expense | 9,704 | 10,656 | 17,943 | 16,488 | ||||
Net Income | 30,470 | 33,548 | 59,103 | 52,306 | ||||
Total assets | 1,033,567 | 1,002,957 | 1,033,567 | 1,002,957 | ||||
Capital expenditures | 27,786 | 21,438 | 51,786 | 47,620 | ||||
Equity method investment | $ 28,813 | $ 20,757 | $ 28,813 | $ 20,757 |
X | ||||||||||
- Definition Interest Expense, Net Nonoperating No definition available.
|
X | ||||||||||
- Definition Amount of expense for award under share-based payment arrangement. Excludes amount capitalized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition Amount of impairment loss for oil and gas properties with proved and unproved reserves in oil- and gas-producing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
X | ||||||||||
- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
X | ||||||||||
- Definition Amount of operating lease expense. Excludes sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- Definition A tax assessed on oil and gas production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
X | ||||||||||
- Definition Amount of expenditure for addition to long-lived assets included in determination of segment assets by chief operating decision maker (CODM) or otherwise regularly provided to CODM. Excludes expenditure for addition to financial instrument, long-term customer relationship of financial institution, mortgage and other servicing rights, deferred policy acquisition cost, and deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
X | ||||||||||
- Definition Amount of other expense (income) and loss (gain) calculated as difference between segment revenue and separately disclosed expense category to arrive at segment profit (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
X | ||||||||||
- Details
|