v3.25.2
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