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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total Revenues $ 102,339 $ 108,294 $ 307,486 $ 275,218
Costs and Expenses:        
Lease operating expenses 18,532 16,898 51,793 43,287
Production and ad valorem taxes 7,002 7,242 21,407 18,573
Exploration costs 375 231 439 643
Depletion, depreciation, amortization and accretion 20,722 18,706 55,971 46,390
Other impairments 30,158 0 30,158 0
General and administrative:        
Administrative costs 5,879 5,530 17,862 17,497
Share-based compensation expense 1,720 1,109 6,693 3,448
Transaction costs 473 221 1,143 5,760
Total Costs and Expenses 84,861 50,065 185,829 135,945
Income from Operations 17,478 58,229 121,657 139,273
Other Income (Expense):        
Interest expense, net (8,789) (10,338) (26,713) (21,515)
Gain (loss) on derivatives, net 24,217 (35,345) 6,781 (20,925)
Income (loss) from equity method investment (210) 23 (235) (213)
Total Other Income (Expense) 15,218 (45,660) (20,167) (42,653)
Net Income from Operations before Income Taxes 32,696 12,569 101,490 96,620
Income tax expense (7,033) (3,922) (23,521) (23,054)
Net Income $ 25,663 $ 8,647 $ 77,969 $ 73,566
Net Income per Share:        
Basic (USD per Share) $ 1.22 $ 0.44 $ 3.79 $ 3.74
Diluted (USD per Share) $ 1.21 $ 0.43 $ 3.76 $ 3.68
Weighted Average Common Shares Outstanding:        
Basic (in Shares) 20,992 19,680 20,584 19,667
Diluted (in Shares) 21,209 19,989 20,764 19,964
Related Party        
General and administrative:        
Cost of contract services - related parties $ 0 $ 128 $ 363 $ 347
Oil and natural gas sales, net        
Revenues:        
Total Revenues 102,339 107,694 307,106 273,418
Contract services - related parties        
Revenues:        
Total Revenues $ 0 $ 600 $ 380 $ 1,800