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Note 3 - Acquisitions and Divestitures
3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Acquisitions [Text Block]

NOTE 3. Acquisitions and Divestitures

 

Acquisitions. During the three months ended March 31, 2025 and 2024, the Company incurred a total of $2.5 million and $2.2 million, respectively, in acquisition costs primarily to acquire various undeveloped crude oil and natural gas leases largely contiguous to its Flat Top and Signal Peak operating areas.

 

Divestitures. During the three months ended March 31, 2025, the Company sold various non-core non-operated working interests in certain producing properties outside of our core areas for total proceeds of $570,000.