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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 36,335,000 $ 6,438,000  
Adjustments to reconcile net income to net cash provided by operations:      
Provision for deferred income taxes 9,939,000 1,688,000  
Loss on derivative instruments, net 7,927,000 53,043,000  
Cash paid on settlement of derivative instruments (3,071,000) (5,148,000)  
Amortization of debt issuance costs 2,034,000 2,053,000  
Amortization of discounts on long-term debt 2,426,000 2,453,000  
Stock-based compensation expense 177,000 3,798,000  
Accretion expense 244,000 239,000  
Depletion, depreciation and amortization 109,325,000 130,850,000  
Exploration and abandonment expense 4,000 274,000  
Changes in operating assets and liabilities:      
Accounts receivable 6,886,000 (14,414,000)  
Prepaid expenses, inventory and other assets (1,314,000) (4,722,000)  
Accounts payable, accrued liabilities and other current liabilities (13,860,000) (5,113,000)  
Net cash provided by operating activities 157,052,000 171,439,000  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to crude oil and natural gas properties (179,819,000) (147,698,000)  
Changes in working capital associated with crude oil and natural gas property additions 25,172,000 1,705,000  
Acquisitions of crude oil and natural gas properties (2,517,000) (2,171,000)  
Proceeds from sales of properties 570,000 0  
Other property additions 0 (59,000)  
Net cash used in investing activities (156,594,000) (148,223,000)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Dividends paid (4,957,000) (5,050,000)  
Dividend equivalents paid (531,000) (530,000)  
Repurchased shares under buyback program 0 (8,764,000)  
Debt issuance costs 0 (7,000)  
Net cash used in financing activities (35,488,000) (44,351,000)  
Net decrease in cash and cash equivalents (35,030,000) (21,135,000)  
Cash and cash equivalents, beginning of period 86,649,000 194,515,000 $ 194,515,000
Cash and cash equivalents, end of period 51,619,000 173,380,000 $ 86,649,000
Supplemental cash flow information:      
Cash paid for interest 32,528,000 39,678,000  
Cash paid for income taxes 0 0  
Supplemental disclosure of non-cash transactions:      
Additions to asset retirement obligations 152,000 201,000  
Term Loan Credit Agreement [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments under Term Loan Credit Agreement $ (30,000,000) $ (30,000,000)