​

  ​ ​ ​

For the Three Months Ended

​

  ​ ​ ​

March 31, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

​

  ​ ​ ​

(In thousands)

Revenues

​

  ​

​

​

Oil⁽¹⁾

​

$

37,408

​

$

49,982

NGLs⁽²⁾

​

​

(93)

​

​

6,157

Natural gas⁽²⁾

​

​

(52)

​

​

14,202

Oil and natural gas sales

​

$

37,263

​

$

70,341

(1)

NGLs produced in Bairoil are treated as condensate and reflected within the commodity line for oil.

(2)

Revenues for the three months ended March 31, 2026 included post-divestiture accrual true-ups related to the Company’s East Texas and Oklahoma assets divestitures that were completed during the fourth quarter of 2025, which negatively impacted revenues for the period. The Company did not have any revenue sales related to natural gas and NGLs for the three months ended March 31, 2026 and therefore the revenues for the period are not indicative of ongoing commodity sales from retained assets.