TRANSACTIONS WITH RELATED PARTIES

12 Months Ended

Dec. 31, 2022

One current director, Robert Anderson, also serves as an executive with GBK Corporation, a holding company with numerous energy and industry subsidiaries and affiliates, including Kaiser Francis Oil Company and Cactus Drilling Company. The Company in the ordinary course of business, made payments for working interests, joint interest billings, drilling services, and product purchases to, and received payments for working interests, joint interest billings, and contract drilling services from, Kaiser Francis Oil Company and Cactus Drilling Company.

The table below presents the payment activity with these related parties during the periods indicated:


	Year Ended December 31,
	2022		2021
	(In thousands)
Payments made to:
Kaiser Francis Oil Company	$	5,656	$	5,748
Cactus Drilling Company	$	—	$	772

Payments received from:
Kaiser Francis Oil Company	$	12,869	$	6,237