Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and equivalents	$ 3,351	$ 4,411
Oil and natural gas sales receivables	2,336	3,193
Marketable equity securities	164	107
Commodity derivative asset - current	1,844	0
Other current assets	527	558
Real estate assets held for sale, net of selling costs	150	175
Total current assets	8,372	8,444
Oil and natural gas properties under full cost method:
Unevaluated properties	0	1,584
Evaluated properties	176,679	203,144
Less accumulated depreciation, depletion, amortization, and impairment	(106,504)	(96,725)
Net oil and natural gas properties	70,175	108,003
Other assets:
Property and equipment, net	899	651
Right of use asset	693	868
Other assets	305	354
Total other assets	1,897	1,873
Total assets	80,444	118,320
Current liabilities:
Accounts payable and accrued liabilities	4,064	4,329
Accrued compensation and benefits	702	1,111
Revenue and royalties payable	4,857	3,503
Commodity derivative liability - current	0	1,694
Asset retirement obligations - current	1,273	668
Current lease obligation	182	189
Total current liabilities	11,078	11,494
Noncurrent liabilities:
Credit facility	5,000	12,000
Asset retirement obligations - noncurrent	17,217	14,774
Long-term lease obligation, net of current portion	611	794
Deferred tax liability	16	898
Other noncurrent liabilities	0	6
Total noncurrent liabilities	22,844	28,472
Total liabilities	33,922	39,966
Commitments and contingencies (Note 9)
Shareholders’ equity:
Common stock, $0.01 par value; 245,000,000 authorized; 25,333,870 and 25,023,812 shares issued and outstanding as of December 31, 2023 and 2022, respectively	253	250
Additional paid-in capital	218,403	216,690
Accumulated deficit	(172,134)	(138,586)
Total shareholders’ equity	46,522	78,354
Total liabilities and shareholders’ equity	$ 80,444	$ 118,320