v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 110,998 $ 98,128
Restricted cash 1,347 1,383
Accounts receivable, net 26,186 23,878
Derivative contracts 2,773 114
Prepaid expenses 748 3,370
Other current assets 5,806 780
Total current assets 147,858 127,653
Oil and natural gas properties, using full cost method of accounting    
Proved 1,759,943 1,689,807
Unproved 27,520 23,504
Less: accumulated depreciation, depletion and impairment (1,446,824) (1,415,110)
Net oil and natural gas properties capitalized costs 340,639 298,201
Other property, plant and equipment, net 75,649 80,689
Derivative contracts 0 86
Other assets 1,539 2,081
Deferred tax assets, net of valuation allowance 78,336 72,801
Total assets 644,021 581,511
Current liabilities    
Accounts payable and accrued expenses 59,037 50,625
Asset retirement obligations 8,098 9,131
Other current liabilities 905 839
Total current liabilities 68,040 60,595
Asset retirement obligations 64,293 59,449
Other long-term obligations 817 936
Total liabilities 133,150 120,980
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.001 par value; 250,000 shares authorized; 36,825 issued and outstanding at December 31, 2025 and 37,203 issued and outstanding at December 31, 2024 37 37
Additional paid-in capital 980,592 1,000,455
Accumulated deficit (469,758) (539,961)
Total stockholders’ equity 510,871 460,531
Total liabilities and stockholders’ equity $ 644,021 $ 581,511