CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash	$ 20,686	$ 17,889
Receivables from oil, natural gas and NGL sales	69,169	41,045
Prepaid expenses	5,428	7,763
Inventory	9,029	7,929
Current derivative assets	10	19,141
Total Current Assets	104,322	93,767
Oil and natural gas properties, net (successful efforts)	1,082,809	995,539
Other property and equipment, net	23,205	21,872
Non-current derivative assets	3,213	5,117
Equity method investment	42,365	36,188
Funds held in escrow	1,196	1,196
Other non-current assets, net	13,381	15,899
Total Assets	1,270,491	1,169,578
Current Liabilities:
Accounts payable	33,189	5,083
Accrued liabilities	54,531	37,690
Revenue payable	77,854	59,606
Current derivative liabilities	22,106	37
Current portion of long-term debt	20,000	20,000
Other current liabilities	24,299	34,089
Total Current Liabilities	231,979	156,505
Non-current derivative liabilities	2,858	112
Asset retirement obligations	59,642	59,977
Long-term debt	247,495	227,855
Deferred tax liabilities	91,044	86,119
Other non-current liabilities	4,119	4,768
Total Liabilities	637,137	535,336
Commitments and Contingencies (Note 15)
Shareholders' Equity:
Preferred stock, $0.0001 par value, 25,000,000 shares authorized; 0 shares issued	0	0
Common stock, $0.001 par value, 240,000,000 shares authorized; 22,173,260 and 21,718,800 shares issued at June 30, 2026 and December 31, 2025, respectively	22	22
Additional paid-in capital	306,106	306,660
Retained earnings	327,226	327,560
Total Shareholders' Equity	633,354	634,242
Total Liabilities and Shareholders' Equity	$ 1,270,491	$ 1,169,578

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).