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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (32,356) $ (963)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation, depletion, accretion, and amortization 11,235 9,607
Impairment of oil and natural gas properties 26,680 0
Deferred income taxes (882) (1,921)
Total commodity derivatives (gains) losses, net (2,882) 5,682
Commodity derivative settlements paid (656) (7,140)
(Gains) losses on marketable equity securities (57) 83
Impairment and loss on real estate held for sale 25 75
Amortization of debt issuance costs 49 45
Stock-based compensation 2,293 3,017
Right of use asset amortization 175 205
Changes in operating assets and liabilities:    
Oil and natural gas sales receivable 851 (2,261)
Other assets 687 150
Accounts payable accrued liabilities (60) 1,414
Accrued compensation and benefits (410) (51)
Revenue and royalties payable 1,184 3,467
Payments on operating lease liability (189) (104)
Payments of asset retirement obligations (215) (407)
Net cash provided by (used in) operating activities 5,472 10,898
Cash flows from investing activities:    
Acquisition of proved properties 0 (12,641)
Oil and natural gas capital expenditures (3,379) (6,208)
Property and equipment expenditures (488) (435)
Proceeds from sale of oil and natural gas properties, net 6,693 2,335
Net cash provided by (used in) investing activities: 2,826 (16,949)
Cash flows from financing activities:    
Borrowings on credit facility 500 15,200
Payment of debt (7,500) (6,547)
Payment of fees for credit facility 0 (207)
Payments on insurance premium finance note (647) (559)
Exercise of warrant 0 195
Shares withheld to settle tax withholding obligations for restricted stock awards 151 307
Dividends paid (1,192) (1,735)
Repurchases of common stock (368) 0
Net cash provided by (used in) financing activities (9,358) 6,040
Net (decrease) increase in cash and equivalents (1,060) (11)
Cash and equivalents, beginning of year 4,411 4,422
Cash and equivalents, end of year $ 3,351 $ 4,411