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Note 3 - Acquisitions and Divestitures
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Acquisitions [Text Block]

NOTE 3. Acquisitions and Divestitures

 

Acquisitions. During the six months ended June 30, 2025 and 2024, the Company incurred a total of $3.6 million and $7.4 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 six months ended June 30, 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.