Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):

	Three Months Ended March 31,
	2026		2025
Revenues
Oil	$	25,071	$	18,880
Natural gas	15,621		12,673
NGL	9,085		11,051
Total revenues	49,777		42,604
Expenses
Lease operating expenses	10,787		10,917
Production, ad valorem, and other taxes	3,021		3,099
Depreciation and depletion—oil and natural gas	9,820		8,416
Depreciation and amortization—other	1,623		1,603
General and administrative	2,988		3,853
Restructuring expenses	146		40
(Gain) loss on derivative contracts	3,526		2,487
Other operating (income) expense	10		—
Total expenses	31,921		30,415
Income (loss) from operations	17,856		12,189
Other income (expense)
Interest income (expense), net	814		860
Total other income (expense)	814		860
Income (loss) before income taxes	18,670		13,049
Income tax (benefit)	—		—
Net income (loss)	$	18,670	$	13,049