| Schedule of Segment Reporting Information |
Selected financial information related to our one reportable segment is included below:
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Three months ended March 31, |
|
|
|
|
2026 |
|
|
2025 |
|
|
REVENUES |
|
|
|
|
|
|
|
Oil and condensate |
|
$ |
(2,746 |
) |
|
$ |
64,995 |
|
|
Natural gas liquids |
|
|
9,335 |
|
|
|
8,562 |
|
|
Gas |
|
|
21,687 |
|
|
|
10,768 |
|
|
Total Revenues |
|
|
28,276 |
|
|
|
84,325 |
|
|
EXPENSES |
|
|
|
|
|
|
|
Production |
|
|
47,737 |
|
|
|
42,271 |
|
|
Exploration |
|
|
108 |
|
|
|
73 |
|
|
Taxes, transportation and other |
|
|
19,762 |
|
|
|
17,881 |
|
|
Depreciation, depletion, and amortization |
|
|
28,838 |
|
|
|
21,429 |
|
|
Accretion of discount in asset retirement obligation |
|
|
4,568 |
|
|
|
3,813 |
|
|
General and administrative |
|
|
4,814 |
|
|
|
2,441 |
|
|
Total Expenses |
|
|
105,827 |
|
|
|
87,908 |
|
|
OPERATING LOSS |
|
|
(77,551 |
) |
|
|
(3,583 |
) |
|
OTHER INCOME |
|
|
|
|
|
|
|
Other income |
|
|
8,856 |
|
|
|
9,517 |
|
|
SEGMENT (LOSS) INCOME FROM OPERATIONS |
|
$ |
(68,695 |
) |
|
$ |
5,934 |
|
|
|
|
|
|
|
|
|
|
Reconciliation: |
|
|
|
|
|
|
|
Interest income |
|
|
99 |
|
|
|
103 |
|
|
Interest expense |
|
|
(5,740 |
) |
|
|
(3,621 |
) |
|
Other Expense |
|
|
(5,641 |
) |
|
|
(3,518 |
) |
|
NET (LOSS) INCOME |
|
$ |
(74,336 |
) |
|
$ |
2,416 |
|
|
|
|
|
|
|
|
|
|
CASH PROVIDED BY OPERATING ACTIVITIES |
|
$ |
33,408 |
|
|
$ |
30,610 |
|
|
|