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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 19,919 $ 40,395
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion, and amortization 11,768 10,431
(Gain) loss on derivative contracts 0 (1,447)
Settlement gains (losses) on derivative contracts 0 5,876
Stock-based compensation 1,072 946
Other 80 77
Changes in operating assets and liabilities (5,746) 7,574
Net cash provided by operating activities 27,093 63,852
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for property, plant and equipment (3,575) (24,327)
Acquisition of assets (2,103) 0
Purchase of other property and equipment (12) (31)
Proceeds from sale of assets 571 1,334
Net cash used in investing activities (5,119) (23,024)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (64,003) (73,823)
Reduction of financing lease liability (396) (261)
Proceeds from exercise of stock options 0 26
Tax withholdings paid in exchange for shares withheld on employee vested stock awards (227) (211)
Net cash used in financing activities (64,626) (74,269)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS and RESTRICTED CASH (42,652) (33,441)
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year 253,944 257,468
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period 211,292 224,027
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized (64) (54)
Supplemental Disclosure of Noncash Investing and Financing Activities    
Capital expenditures for property, plant and equipment in accounts payables and accrued expenses 641 1,775
Right-of-use assets obtained in exchange for financing lease obligations 230 260
Inventory material transfers to oil and natural gas properties 71 1,205
Asset retirement obligation capitalized 0 12
Change in dividends payable $ (65) $ (557)