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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue:    
Gain (Loss) on Derivatives   $ (389)
Total Revenue $ 34,203 43,650
Costs and Expenses:    
Lease Operating Expense 25,223 27,545
Production and Ad Valorem Taxes 2,854 3,770
Depreciation, Depletion & Amortization 10,595 9,256
Impairment 51,289 0
Accretion of Asset Retirement Obligation 2,139 2,007
General and Administrative:    
General and Administrative 11,995 12,582
Stock-Based Compensation 1,423 2,156
Total General and Administrative 13,418 14,738
Total Cost and Expenses 105,518 57,316
Operating Loss (71,315) (13,666)
Other Income and (Expense):    
Interest Expense (1,547) (1,515)
Other Income (Expense) 788 (1,017)
Loss Before Taxes (72,074) (16,198)
Income Tax Benefit (Provision)
Net Loss $ (72,074) $ (16,198)
Net Loss per Common Share:    
Basic (in dollars per share) $ (2.12) $ (0.54)
Diluted (in dollars per share) $ (2.12) $ (0.54)
Weighted-Average Number of Common Shares Outstanding:    
Basic (in shares) 34,056,054 30,064,856
Diluted (in shares) 34,056,054 30,064,856
Total Product Revenues    
Revenue:    
Total Product Revenues $ 34,162 $ 43,992
Oil Sales    
Revenue:    
Total Product Revenues 31,648 41,515
Natural gas    
Revenue:    
Total Product Revenues 898 344
Natural Gas Liquids Sales    
Revenue:    
Total Product Revenues 1,616 2,133
Other    
Revenue:    
Total Product Revenues $ 41 $ 47