v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 107,478 $ 9,374
Accounts receivable, net 51,171 52,391
Derivative fair value 8,033 18,276
Other 12,813 15,293
Total Current Assets 179,495 95,334
Property and Equipment, at cost – successful efforts method:    
Proved properties 1,204,804 2,336,977
Unproved properties 10,501 18,863
Other 89,281 89,065
Total Property and Equipment 1,304,586 2,444,905
Accumulated depreciation, depletion and amortization (248,214) (1,204,261)
Net Property and Equipment 1,056,372 1,240,644
Other Assets:    
Note receivable from related party 7,168 7,131
Derivative fair value 1,621 5,576
Other 6,763 6,218
Total Other Assets 15,552 18,925
TOTAL ASSETS 1,251,419 1,354,903
Current Liabilities:    
Accounts payable 33,062 27,979
Deferred payment 70,000 70,000
Accrued liabilities 41,038 45,776
Derivative fair value 21,268 5,057
Asset retirement obligation, current portion 2,000 3,500
Other current liabilities 3,271 1,605
Total Current Liabilities 170,639 153,917
Long-term Debt 270,100 291,100
Other Liabilities:    
Asset retirement obligation 156,760 217,585
Derivative fair value 5,634 35
Other liabilities 233 534
Total Other Liabilities 162,627 218,154
Commitments and Contingencies
Partners’ Capital:    
Partners’ capital 648,053 691,732
TOTAL LIABILITIES AND PARTNERS’ CAPITAL $ 1,251,419 $ 1,354,903