v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash $ 3,124 $ 1,189
Accounts Receivable 6,652 5,122
Commodity Derivative Instruments 38  
Inventory 1,387 1,262
Prepaids 788 607
Total Current Assets 11,989 8,180
Property and Equipment:    
Oil and Natural Gas Properties, Successful Efforts 162,273 148,238
Less: Accumulated Depletion, Amortization and Impairment (96,190) (93,425)
Total Oil and Gas Properties, Net 66,083 54,813
Other Property and Equipment, Net 1,993 1,486
Total Property and Equipment, Net 68,076 56,299
Other Noncurrent Assets 1,010 1,394
Total Assets 81,075 65,873
Current Liabilities:    
Accrued Expenses 13,378 12,616
Current Portion of Lease Liability 562 286
Current Portion of Long-Term Debt 1,632 641
Total Current Liabilities 28,338 24,342
Long-Term Debt $ 13,505 14,415
Long-Term Note Payable - Related Party, net (Note 8)   $ 1,023
Notes Payable, Noncurrent, Related Party [Extensible Enumeration] Related party Related party
Long-Term Lease Liability $ 339 $ 12
Financial Derivative Instrument   281
Asset Retirement Obligations 31,577 30,406
Total Liabilities 73,759 70,479
Commitments and Contingencies (Note 14)
Stockholders' Equity:    
Series A Preferred Stock - $0.001 Par Value, 10,000,000 Shares Authorized, 6 and 6 Shares Issued and Outstanding, Respectively
Common Stock - $0.001 Par Value 190,000,000 Shares Authorized, 41,556,741 and 34,855,815 Shares Issued and Outstanding, Respectively 101 94
Additional Paid-in-Capital 168,606 148,191
Accumulated Deficit (161,391) (152,891)
Total Stockholders' Equity (Deficit) 7,316 (4,606)
Total Liabilities and Stockholders' Equity 81,075 65,873
Non related party    
Current Liabilities:    
Accounts Payable (Note 13) 9,688 10,799
Long-Term Debt 13,505 $ 14,415
Related party    
Current Liabilities:    
Accounts Payable (Note 13) $ 3,078