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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net income $ 12,362 $ 31,051
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 41,141 27,614
Accretion of discount on asset retirement obligations 335 342
Gain on sale and exchange of assets (619) (636)
Provision for deferred income taxes 3,105 5,080
Changes in assets and liabilities:    
Accounts receivable (4,581) (25,187)
Prepaids obligations (574) (1,026)
Other current assets (2) 33
Accounts payable (8,532) 4,087
Accrued liabilities (12,828) 303
Due to related parties 46 61
Other long-term liabilities 10 (470)
Net Cash Provided by Operating Activities 29,863 41,252
Cash Flows from Investing Activities:    
Property Expenditures 28,629 45,228
Proceeds from sale of properties and equipment 619 636
Net Cash Used in Investing Activities (28,010) (44,592)
Cash Flows from Financing Activities:    
Purchase of stock for treasury (10,038) (5,706)
Proceeds from long-term bank debt 52,500 30,500
Repayment of long-term bank debt and other long-term obligations (44,500) (30,500)
Net Cash Used in Financing Activities (2,038) (5,706)
Net Decrease in Cash and Cash Equivalents (185) (9,046)
Cash and Cash Equivalents at the Beginning of the Period 2,549 11,061
Cash and Cash Equivalents at the End of the Period 2,364 2,015
Supplemental Disclosures:    
Income taxes paid during the year 6,676 101
Interest paid during the year 1,418 390
Non-cash financing and investing activities:    
Change in Accrued Property Costs 25,739 11,158
Asset Retirement Obligations $ 67 $ 70