| 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 September 30, |
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Nine months ended September 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 |
|
$ |
29,845 |
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|
$ |
66,330 |
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$ |
157,857 |
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$ |
190,379 |
|
Natural gas liquids |
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|
10,212 |
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|
7,504 |
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|
30,308 |
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|
23,958 |
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Gas |
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|
15,036 |
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|
27,042 |
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|
|
46,076 |
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|
|
60,743 |
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Total Revenues |
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55,093 |
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|
100,876 |
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|
234,241 |
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|
275,080 |
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EXPENSES |
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Production |
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|
43,698 |
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47,864 |
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132,888 |
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|
133,469 |
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Exploration |
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|
170 |
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|
91 |
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|
|
404 |
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|
224 |
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Taxes, transportation and other |
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|
18,437 |
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|
16,648 |
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57,907 |
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|
49,763 |
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Depreciation, depletion, and amortization |
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|
24,226 |
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|
23,697 |
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|
77,032 |
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|
|
66,810 |
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Accretion of discount in asset retirement obligation |
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|
3,219 |
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|
|
3,982 |
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|
|
10,988 |
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|
|
11,623 |
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General and administrative |
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|
3,936 |
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|
4,834 |
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|
13,501 |
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|
16,729 |
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Total Expenses |
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|
93,686 |
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|
|
97,116 |
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|
292,720 |
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|
278,618 |
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OPERATING (LOSS) INCOME |
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|
(38,593 |
) |
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|
3,760 |
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(58,479 |
) |
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|
(3,538 |
) |
OTHER INCOME |
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Other income |
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11,720 |
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|
4,984 |
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|
29,064 |
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|
20,352 |
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SEGMENT (LOSS) INCOME FROM OPERATIONS |
|
$ |
(26,873 |
) |
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$ |
8,744 |
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$ |
(29,415 |
) |
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$ |
16,814 |
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Reconciliation: |
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Interest income |
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|
308 |
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|
113 |
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|
604 |
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|
516 |
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Interest expense |
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(5,523 |
) |
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(4,505 |
) |
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(16,842 |
) |
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(10,697 |
) |
Other Expense |
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(5,215 |
) |
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(4,392 |
) |
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(16,238 |
) |
|
|
(10,181 |
) |
NET (LOSS) INCOME |
|
$ |
(32,088 |
) |
|
$ |
4,352 |
|
|
$ |
(45,653 |
) |
|
$ |
6,633 |
|
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CASH (USED BY) PROVIDED BY OPERATING ACTIVITIES |
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$ |
33,665 |
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|
$ |
28,271 |
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|
$ |
116,173 |
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|
$ |
85,735 |
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