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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income $ 26,176,000 $ 36,335,000 $ 29,717,000 $ 6,438,000 $ 62,511,000 $ 36,155,000  
Adjustments to reconcile net income to net cash provided by operations:              
Provision for deferred income taxes         17,602,000 15,970,000  
(Gain) loss on derivative instruments, net (26,446,000)   2,702,000   (18,519,000) 55,745,000  
Cash received (paid) on settlement of derivative instruments 7,412,000   (5,308,000)   4,341,000 (10,456,000)  
Amortization of debt issuance costs         4,091,000 4,119,000  
Amortization of discounts on long-term debt         4,879,000 4,906,000  
Stock-based compensation expense         265,000 7,573,000  
Accretion expense         500,000 481,000  
Depletion, depreciation and amortization 101,226,000   127,693,000   210,551,000 258,543,000  
Exploration and abandonment expense         859,000 229,000  
Changes in operating assets and liabilities:              
Accounts receivable         13,817,000 7,038,000  
Prepaid expenses, inventory and other assets         4,977,000 (2,900,000)  
Accounts payable, accrued liabilities and other current liabilities         (7,609,000) (3,633,000)  
Net cash provided by operating activities         298,265,000 373,770,000  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Additions to crude oil and natural gas properties         (306,157,000) (311,897,000)  
Changes in working capital associated with crude oil and natural gas property additions         (12,907,000) (5,226,000)  
Acquisitions of crude oil and natural gas properties         (3,584,000) (7,415,000)  
Proceeds from sales of properties         570,000 48,000  
Other property additions         0 (122,000)  
Net cash used in investing activities         (322,078,000) (324,612,000)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Dividends paid         (9,922,000) (10,086,000)  
Dividend equivalents paid         (1,062,000) (1,068,000)  
Proceeds from exercise of warrants         1,000 1,000  
Repurchased shares under buyback program         0 (14,551,000)  
Debt issuance costs         0 (58,000)  
Net cash used in financing activities         (40,983,000) (85,762,000)  
Net decrease in cash and cash equivalents         (64,796,000) (36,604,000)  
Cash and cash equivalents, beginning of period   $ 86,649,000   $ 194,515,000 86,649,000 194,515,000 $ 194,515,000
Cash and cash equivalents, end of period $ 21,853,000   $ 157,911,000   21,853,000 157,911,000 $ 86,649,000
Supplemental cash flow information:              
Cash paid for interest         64,430,000 78,173,000  
Cash paid for income taxes         0 0  
Supplemental disclosure of non-cash transactions:              
Additions to asset retirement obligations         1,153,000 256,000  
Senior Credit Facility Agreement [Member]              
CASH FLOWS FROM FINANCING ACTIVITIES:              
Borrowings under Senior Credit Facility Agreement         30,000,000 0  
Term Loan Credit Agreement [Member]              
CASH FLOWS FROM FINANCING ACTIVITIES:              
Repayments under Term Loan Credit         $ (60,000,000) $ (60,000,000)