v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash $ 884 $ 1,328
Accrued revenue 52,429 30,620
Commodity derivatives 1,768 14,252
Prepaid expenses and other current assets 3,274 5,967
Total current assets 58,355 52,167
Oil and Gas Properties-Using the successful efforts method of accounting    
Proved oil and gas properties 1,607,002 1,525,890
Less accumulated DD&A and impairment (757,363) (691,963)
Total oil and gas properties, net 849,639 833,927
Other Property and Equipment—Net 99 123
Commodity derivatives 8,950 184
Other noncurrent assets 6,604 6,949
Total assets 923,647 893,350
Current Liabilities    
Accounts payable 11,832 11,803
Accrued liabilities 38,764 39,141
Commodity derivatives 4,293 0
Other current liabilities 327 307
Total current liabilities 55,216 51,251
Revolving credit facility 158,500 124,500
Deferred tax liability 64,804 67,493
Asset retirement obligations 15,612 14,022
Commodity derivatives 0 46
Other noncurrent liabilities 5,592 6,721
Total liabilities 299,724 264,033
Commitments and Contingencies (Note 9)
Equity    
Preferred stock, $0.01 par value, 5,000,000 shares authorized; 0 shares issued at June 30, 2026 and December 31, 2025, respectively 0 0
Common stock, $0.01 par value, 95,000,000 shares authorized; 42,802,648 and 40,615,302 shares issued at June 30, 2026 and December 31, 2025, respectively 428 406
Additional paid-in capital 634,744 630,961
Accumulated deficit (11,249) (2,050)
Total equity 623,923 629,317
Total liabilities and equity $ 923,647 $ 893,350