Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Total Revenues | $ 150,872 | $ 89,879 | $ 179,148 | $ 174,204 |
| EXPENSES | ||||
| Production | 41,453 | 43,334 | 89,190 | 85,605 |
| Exploration | 126 | 60 | 234 | 133 |
| Taxes, transportation and other | 19,708 | 15,234 | 39,470 | 33,115 |
| Depreciation, depletion and amortization | 23,968 | 21,684 | 52,806 | 43,113 |
| Accretion of discount in asset retirement obligation | 3,201 | 3,828 | 7,769 | 7,641 |
| General and administrative | 4,751 | 9,454 | 9,565 | 11,895 |
| Total Expenses | 93,207 | 93,594 | 199,034 | 181,502 |
| OPERATING INCOME (LOSS) | 57,665 | (3,715) | (19,886) | (7,298) |
| OTHER INCOME (EXPENSE) | ||||
| Other income | 8,488 | 5,851 | 17,344 | 15,368 |
| Interest income | 197 | 300 | 296 | 403 |
| Interest expense | (5,579) | (2,571) | (11,319) | (6,192) |
| Total Other Income | 3,106 | 3,580 | 6,321 | 9,579 |
| NET INCOME (LOSS) | $ 60,771 | $ (135) | $ (13,565) | $ 2,281 |
| NET INCOME (LOSS) PER COMMON UNIT | ||||
| Basic (in dollars per share) | $ 1.1 | $ 0 | $ (0.25) | $ 0.05 |
| Diluted (in dollars per share) | $ 1.07 | $ 0 | $ (0.25) | $ 0.05 |
| WEIGHTED AVERAGE COMMON UNITS OUTSTANDING | ||||
| Basic (in shares) | 55,446 | 48,220 | 55,269 | 44,671 |
| Diluted (in shares) | 56,682 | 48,220 | 55,269 | 45,549 |
| Oil and condensate | ||||
| Total Revenues | $ 130,758 | $ 59,054 | $ 128,012 | $ 124,049 |
| Natural gas liquids | ||||
| Total Revenues | 10,761 | 7,892 | 20,096 | 16,454 |
| Natural gas | ||||
| Total Revenues | $ 9,353 | $ 22,933 | $ 31,040 | $ 33,701 |
| X | ||||||||||
- Definition Earnings Per Share, Basic And Diluted EPS No definition available.
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- Definition Production Expense No definition available.
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- Definition Taxes, Transportation And Other Expense No definition available.
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- Definition Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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