CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 102,749	$ 110,998
Restricted cash	1,347	1,347
Accounts receivable, net	30,313	26,186
Derivative contracts	0	2,773
Prepaid expenses	2,997	748
Other current assets	5,563	5,806
Total current assets	142,969	147,858
Oil and natural gas properties, using full cost method of accounting
Proved	1,780,529	1,759,943
Unproved	29,526	27,520
Less: accumulated depreciation, depletion and impairment	(1,454,990)	(1,446,824)
Net oil and natural gas properties capitalized costs	355,065	340,639
Other property, plant and equipment, net	74,260	75,649
Other assets	1,500	1,539
Deferred tax assets, net of valuation allowance	78,336	78,336
Total assets	652,130	644,021
Current liabilities
Accounts payable and accrued expenses	49,842	59,037
Derivative contracts	677	0
Asset retirement obligations	8,098	8,098
Other current liabilities	866	905
Total current liabilities	59,483	68,040
Derivative contracts	206	0
Asset retirement obligations	65,644	64,293
Other long-term obligations	827	817
Total liabilities	126,160	133,150
Commitments and contingencies
Stockholders’ Equity
Common stock, $0.001 par value; 250,000 shares authorized; 36,875 issued and outstanding at March 31, 2026 and 36,825 issued and outstanding at December 31, 2025	37	37
Additional paid-in capital	977,021	980,592
Accumulated deficit	(451,088)	(469,758)
Total stockholders’ equity	525,970	510,871
Total liabilities and stockholders’ equity	$ 652,130	$ 644,021