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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 108 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Cash flows from operating activities:          
Net income (loss)     $ 21,094 $ 12,051  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depletion, depreciation, and accretion $ 3,458 $ 1,224 7,056 2,752  
Stock-based compensation     702 528  
Settlement of asset retirement obligations     (71)    
Deferred income taxes     (355) (54)  
Unrealized (gain) loss on derivative contracts     (2,189)    
Accrued settlements on derivative contracts     (919)    
Other     (4) (7)  
Changes in operating assets and liabilities:          
Receivables     8,113 (4,253)  
Prepaid expenses and other current assets     (316) 185  
Accounts payable and accrued expenses     (5,398) 2,122  
State and federal income taxes payable     56 569  
Net cash provided by operating activities     27,769 13,893  
Cash flows from investing activities:          
Acquisition of oil and natural gas properties     (31)    
Capital expenditures for oil and natural gas properties     (2,886) (526)  
Net cash used in investing activities     (2,917) (526)  
Cash flows from financing activities:          
Common stock dividends paid     (8,085) (5,045) $ (94,400)
Common stock repurchases, including stock surrendered for tax withholding     (87) (2)  
Repayments of credit facility     (21,250)    
Net cash used in financing activities     (29,422) (5,047)  
Net increase (decrease) in cash and cash equivalents     (4,570) 8,320  
Cash and cash equivalents, beginning of period     8,280 5,277  
Cash and cash equivalents, end of period $ 3,710 $ 13,597 3,710 13,597 $ 3,710
Non-cash investing and financing transactions:          
Settlement proceeds receivable attributable to acquired Barnett Shale oil and gas property costs       858  
Increase (decrease) in accrued expenditures for oil and natural gas properties     $ (768) $ 112