v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net (loss) income $ 82,275,000 $ (127,448,000) $ 26,176,000 $ 36,335,000 $ (45,173,000) $ 62,511,000  
Adjustments to reconcile net income to net cash provided by operations:              
Provision for deferred income taxes         (11,203,000) 17,602,000  
Loss on derivative instruments, net (53,426,000)   (26,446,000)   103,601,000 (18,519,000)  
Cash paid on settlement of derivative instruments (54,728,000)   7,412,000   (72,201,000) 4,341,000  
Amortization of debt issuance costs         2,238,000 4,091,000  
Amortization of discounts on long-term debt         0 4,879,000  
Stock-based compensation expense         1,733,000 265,000  
Accretion expense         597,000 500,000  
Depletion, depreciation and amortization 113,429,000   101,226,000   226,443,000 210,551,000  
Exploration and abandonment expense         4,656,000 859,000  
Changes in operating assets and liabilities:              
Accounts receivable         (27,519,000) 13,817,000  
Prepaid expenses, inventory and other assets         5,401,000 4,977,000  
Accounts payable, accrued liabilities and other current liabilities         (8,027,000) (7,609,000)  
Net cash provided by operating activities         180,546,000 298,265,000  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Additions to crude oil and natural gas properties         (186,372,000) (306,157,000)  
Changes in working capital associated with oil and gas property additions         (818,000) (12,907,000)  
Acquisitions of crude oil and natural gas properties         (2,558,000) (3,584,000)  
Proceeds from sales of properties         18,000 570,000  
Other property additions         (413,000) 0  
Net cash used in investing activities         (190,143,000) (322,078,000)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Debt issuance costs         (6,132,000) 0  
Dividends paid         0 (9,922,000)  
Dividend equivalents paid         0 (1,062,000)  
Proceeds received from exercise of warrants         0 1,000  
Net cash used in financing activities         (6,132,000) (40,983,000)  
Net decrease in cash and cash equivalents         (15,729,000) (64,796,000)  
Cash and cash equivalents, beginning of period   $ 162,075,000   $ 86,649,000 162,075,000 86,649,000 $ 86,649,000
Cash and cash equivalents, end of period $ 146,346,000   $ 21,853,000   146,346,000 21,853,000 $ 162,075,000
Supplemental cash flow information:              
Cash paid for interest         68,778,000 64,430,000  
Cash paid for (received from) income taxes         (242,000) 0  
Supplemental disclosure of non-cash transactions:              
Additions to asset retirement obligations         549,000 1,153,000  
Senior Credit Facility Agreement [Member]              
CASH FLOWS FROM FINANCING ACTIVITIES:              
Borrowings under Senior Credit Facility Agreement         0 30,000,000  
Term Loan Credit Agreement [Member]              
CASH FLOWS FROM FINANCING ACTIVITIES:              
Repayments under Term Loan Credit Agreement         $ 0 $ (60,000,000)