v3.25.4
Note 17 - Supplemental Oil and Natural Gas Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Table Text Block]
  

2025

  

2024

 
  

(in thousands)

 

Proved property acquisition

 $-  $- 

Development (1)

  -   1,213 

Exploration

  -   - 
         

Total

 $-  $1,213 
Oil and Gas, Capitalized Cost [Table Text Block]
  

2025

  

2024

 
  

(in thousands)

 

Oil and Natural Gas Properties:

        

Evaluated properties in full cost pool (1)

  132,459   142,029 

Less accumulated depletion (2)

  (117,237)  (112,958)
         

Net capitalized costs

 $15,222  $29,071 
Oil and Gas, Result of Operation, Producing Activity [Table Text Block]
  

2025

  

2024

 
  

(in thousands)

 

Oil and natural gas sales

 $7,353  $20,619 

Lease operating expense

  (5,174)  (11,160)

Gathering, treating, and transportation costs

  (59)  (205)

Production taxes

  (539)  (1,213)

Depletion

  (2,261)  (6,369)

Income tax (expense) benefit

  (6)  (20)
         

Results of operations from oil and natural gas producing activities

 $(686) $1,652 
Oil and Gas, Proved Reserve, Quantity [Table Text Block]
  

2025

  

2024

 
  

Oil

  

Gas

  

Oil

  

Gas

 
  

(bbls)

  

(mcfe) (1)

  

(bbls)

  

(mcfe) (1)

 
                 

Total proved reserves:

                

Reserve quantities, beginning of year

  1,592,306   2,306,915   3,182,861   10,082,386 

Revisions of previous estimates

  (120,898)  220,809   (515,318)  (2,546,079)

Discoveries and extensions

  -   -   -   - 

Purchases of minerals in place

  -   -   -   - 

Sale of minerals in place

  (271,457)  (27,997)  (819,071)  (4,271,067)

Production

  (112,797)  (311,729)  (256,166)  (958,325)
                 

Reserve quantities, end of year

  1,087,155   2,187,999   1,592,306   2,306,915 
Oil and Gas, Average Sale Price and Production Cost [Table Text Block]
  

2025

  

2024

 
         

Oil per Bbl

 $65.34  $75.48 

Gas per Mmbtu

 $3.39  $2.13 
Oil and Gas, Standardized Measure, Discounted Future Net Cash Flow [Table Text Block]
  

2025

  

2024

 
  

(in thousands)

 

Future cash inflows

 $71,278  $117,237 

Future cash outflows:

        

Production costs

  (35,496) $(63,555)

Development costs

  (9,988)  (28,142)

Income taxes

  -   - 
         

Future net cash flows

  25,794  $25,540 

10% annual discount factor

  (9,066)  (1,714)
         

Standardized measure of discounted future net cash flows

 $16,728  $23,826 
Oil and Gas, Change in Standardized Measure, Discounted Future Net Cash Flow [Table Text Block]
  

2025

  

2024

 
  

(in thousands)

 

Standardized measure, beginning of year

 $23,826  $60,282 

Sales of oil and natural gas, net of production costs

  (1,581)  (7,978)

Net changes in prices and production costs

  (4,829)  (1,303)

Changes in estimated future development costs

  3,017   1,788 

Sale of minerals in place

  (3,577)  (23,116)

Revisions in previous quantity estimates

  (1,089)  (14,188)

Previously estimated development costs incurred

  231   374 

Net changes in income taxes

  -   2,611 

Accretion of discount

  2,499   6,073 

Changes in timing and other

  (1,770)  (717)
         

Standardized measure, end of year

 $16,727  $23,826