v3.26.1
Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Segment Reporting Information, by Segment The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues
Oil$31,327 $16,956 $56,398 $35,836 
Natural gas7,278 8,748 22,899 21,421 
NGL12,512 8,827 21,597 19,878 
Total revenues51,117 34,531 100,894 77,135 
Expenses
Lease operating expenses10,302 6,556 21,089 17,473 
Production, ad valorem, and other taxes3,210 2,158 6,231 5,257 
Depreciation and depletion—oil and natural gas10,494 8,290 20,314 16,706 
Depreciation and amortization—other1,624 1,612 3,247 3,215 
General and administrative3,769 3,028 6,757 6,881 
Restructuring expenses(14)412 132 452 
(Gain) loss on derivative contracts(4,222)(6,059)(696)(3,572)
Other operating (income) expense(3)— 7 — 
Total expenses25,160 15,997 57,081 46,412 
Income (loss) from operations25,957 18,534 43,813 30,723 
Other income (expense)
Interest income (expense), net735 1,027 1,549 1,887 
Other income (expense), net1 (3)1 (3)
Total other income (expense)736 1,024 1,550 1,884 
Income (loss) before income taxes26,693 19,558 45,363 32,607 
Income tax (benefit)— — — — 
Net income (loss)$26,693 $19,558 $45,363 $32,607