| Schedule of Segment Reporting Information |
Selected financial information related to our one reportable segment is included below:
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(in thousands) |
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Three months ended June 30, |
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Six months ended June 30, |
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2026 |
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|
2025 |
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|
2026 |
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|
2025 |
|
REVENUES |
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Oil and condensate |
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$ |
130,758 |
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|
$ |
59,054 |
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|
$ |
128,012 |
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|
$ |
124,049 |
|
Natural gas liquids |
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|
10,761 |
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|
7,892 |
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|
20,096 |
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|
16,454 |
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Gas |
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|
9,353 |
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|
22,933 |
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|
31,040 |
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|
|
33,701 |
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Total Revenues |
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150,872 |
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|
89,879 |
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|
179,148 |
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|
174,204 |
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EXPENSES |
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Production |
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41,453 |
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43,334 |
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|
89,190 |
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|
85,605 |
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Exploration |
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|
126 |
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|
60 |
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|
234 |
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|
133 |
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Taxes, transportation and other |
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|
19,708 |
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15,234 |
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39,470 |
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|
33,115 |
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Depreciation, depletion, and amortization |
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23,968 |
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21,684 |
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|
52,806 |
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|
43,113 |
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Accretion of discount in asset retirement obligation |
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|
3,201 |
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|
3,828 |
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|
7,769 |
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|
|
7,641 |
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General and administrative |
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|
4,751 |
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|
9,454 |
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|
9,565 |
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|
11,895 |
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Total Expenses |
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|
93,207 |
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|
93,594 |
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|
199,034 |
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|
181,502 |
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OPERATING INCOME (LOSS) |
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|
57,665 |
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(3,715 |
) |
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(19,886 |
) |
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(7,298 |
) |
OTHER INCOME |
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Other income |
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|
8,488 |
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|
5,851 |
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|
17,344 |
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|
15,368 |
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SEGMENT INCOME (LOSS) FROM OPERATIONS |
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$ |
66,153 |
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$ |
2,136 |
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|
$ |
(2,542 |
) |
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$ |
8,070 |
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Reconciliation: |
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Interest income |
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|
197 |
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|
300 |
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|
296 |
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|
403 |
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Interest expense |
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(5,579 |
) |
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(2,571 |
) |
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(11,319 |
) |
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(6,192 |
) |
Other Expense |
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(5,382 |
) |
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(2,271 |
) |
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(11,023 |
) |
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|
(5,789 |
) |
NET INCOME (LOSS) |
|
$ |
60,771 |
|
|
$ |
(135 |
) |
|
$ |
(13,565 |
) |
|
$ |
2,281 |
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CASH PROVIDED BY OPERATING ACTIVITIES |
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$ |
49,100 |
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$ |
26,854 |
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|
$ |
82,508 |
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|
$ |
57,464 |
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