2024 Q1 Form 10-K Financial Statement

#000100161424000010 Filed on March 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q3
Revenue $99.74M $99.83M $108.3M
YoY Change 48.84% -68.97% 22.96%
Cost Of Revenue $24.00M $22.52M $24.14M
YoY Change 84.83% -56.47% 64.9%
Gross Profit $75.74M $77.31M $84.15M
YoY Change 40.2% -71.37% 14.6%
Gross Profit Margin 75.94% 77.45% 77.71%
Selling, General & Admin $7.031M $12.46M $6.639M
YoY Change 6.84% -43.21% 13.33%
% of Gross Profit 9.28% 16.11% 7.89%
Research & Development $4.000K $3.522M $231.0K
YoY Change -98.8% 73.33% 1055.0%
% of Gross Profit 0.01% 4.56% 0.27%
Depreciation & Amortization $17.78M $18.67M $18.71M
YoY Change 95.74% 87.66% 124.13%
% of Gross Profit 23.47% 24.14% 22.23%
Operating Expenses $25.18M $34.88M $25.70M
YoY Change 39.93% -38.31% 79.58%
Operating Profit $50.57M $42.44M $58.23M
YoY Change 40.33% -80.12% -1.51%
Interest Expense $9.067M $17.65M $10.34M
YoY Change 792.42% -133.52% 1667.18%
% of Operating Profit 17.93% 41.59% 17.75%
Other Income/Expense, Net -$25.98M -$839.0K -$45.66M
YoY Change -676.37% -368.35%
Pretax Income $24.59M $49.43M $12.57M
YoY Change -39.35% -67.23% -83.49%
Income Tax $5.832M $11.41M $3.922M
% Of Pretax Income 23.72% 23.08% 31.2%
Net Earnings $18.76M $38.03M $8.647M
YoY Change -41.11% -67.78% -85.54%
Net Earnings / Revenue 18.81% 38.09% 7.98%
Basic Earnings Per Share $0.94 $0.44
Diluted Earnings Per Share $0.94 $1.89 $0.43
COMMON SHARES
Basic Shares Outstanding 20.40M shares 20.43M shares 20.18M shares
Diluted Shares Outstanding 19.99M shares 19.99M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.564M $15.32M $10.37M
YoY Change 188.53% 15.17% -42.12%
Cash & Equivalents $6.564M $15.32M $10.37M
Short-Term Investments
Other Short-Term Assets $7.336M $6.638M $2.895M
YoY Change 89.12% 103.87% -41.91%
Inventory $6.351M $6.177M $8.623M
Prepaid Expenses $5.698M $1.625M
Receivables $38.58M $35.13M $45.32M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $58.83M $63.26M $67.21M
YoY Change 52.08% 24.05% 33.46%
LONG-TERM ASSETS
Property, Plant & Equipment $20.55M $20.65M $20.16M
YoY Change 2.66% 3.15% 318.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.41M $5.620M $5.625M
YoY Change 193.97%
Other Assets $19.89M $12.60M $11.49M
YoY Change 103.33% 201.82% 166.71%
Total Long-Term Assets $897.5M $882.5M $886.0M
YoY Change 67.31% 90.06% 101.28%
TOTAL ASSETS
Total Short-Term Assets $58.83M $63.26M $67.21M
Total Long-Term Assets $897.5M $882.5M $886.0M
Total Assets $956.4M $945.7M $953.2M
YoY Change 66.28% 83.53% 94.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.02M $3.855M $12.76M
YoY Change -29.33% -2.13% 17.6%
Accrued Expenses $20.68M $33.16M $23.99M
YoY Change -3.88% -6.81% -16.66%
Deferred Revenue $30.11M $30.70M $28.65M
YoY Change 55.53% 72.93% 61.23%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00M $20.00M $20.00M
YoY Change
Total Short-Term Liabilities $99.76M $94.35M $107.3M
YoY Change 39.27% 23.64% 29.18%
LONG-TERM LIABILITIES
Long-Term Debt $321.8M $336.0M $365.1M
YoY Change 261.62% 499.93% 660.56%
Other Long-Term Liabilities $1.056M $1.212M $970.0K
YoY Change 9.54% 15.32% -14.76%
Total Long-Term Liabilities $322.9M $337.2M $970.0K
YoY Change 33395.64% 31980.97% -14.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $99.76M $94.35M $107.3M
Total Long-Term Liabilities $322.9M $337.2M $970.0K
Total Liabilities $521.8M $524.1M $564.5M
YoY Change 141.92% 188.22% 217.3%
SHAREHOLDERS EQUITY
Retained Earnings $153.9M $142.5M $111.9M
YoY Change 83.68% 142.35% 188.34%
Common Stock $20.00K $20.00K $20.00K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $434.6M $421.6M $388.8M
YoY Change
Total Liabilities & Shareholders Equity $956.4M $945.7M $953.2M
YoY Change 66.28% 83.53% 94.32%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $18.76M $38.03M $8.647M
YoY Change -41.11% -67.78% -85.54%
Depreciation, Depletion And Amortization $17.78M $18.67M $18.71M
YoY Change 95.74% 87.66% 124.13%
Cash From Operating Activities $56.13M $65.82M $52.65M
YoY Change 70.23% 64.82% 57.81%
INVESTING ACTIVITIES
Capital Expenditures $35.06M $21.06M $31.09M
YoY Change -0.09% -53.27% -619.28%
Acquisitions
YoY Change
Other Investing Activities -$7.545M $0.00 $0.00
YoY Change -78.34%
Cash From Investing Activities -$42.61M -$21.06M -$31.09M
YoY Change -39.07% -53.27% 419.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$22.27M -39.81M -17.94M
YoY Change -185.86% -7596.42% 2.39%
NET CHANGE
Cash From Operating Activities $56.13M 65.82M 52.65M
Cash From Investing Activities -$42.61M -21.06M -31.09M
Cash From Financing Activities -$22.27M -39.81M -17.94M
Net Change In Cash -$8.755M 4.953M 3.625M
YoY Change -20.6% -207.51% -63.23%
FREE CASH FLOW
Cash From Operating Activities $56.13M $65.82M $52.65M
Capital Expenditures $35.06M $21.06M $31.09M
Free Cash Flow $21.06M $44.76M $21.56M
YoY Change -1091.15% -971.14% -45.2%

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CY2022 rep Exploratory Well Costs And Lease Expirations
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CY2023 us-gaap Impairment Of Oil And Gas Properties
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9760000 usd
CY2022 us-gaap Impairment Of Oil And Gas Properties
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6193000 usd
CY2022 us-gaap Gain Loss On Derivative Instruments Net Pretax
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CY2023 us-gaap Gain Loss On Sale Of Derivatives
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17221000 usd
CY2022 us-gaap Gain Loss On Sale Of Derivatives
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CY2023 rep Amortization Of Deferred Financing Costs And Discount
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193000 usd
CY2022 us-gaap Other Operating Activities Cash Flow Statement
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CY2023 us-gaap Increase Decrease In Accounts Receivable
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9575000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
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7549000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
717000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023 us-gaap Increase Decrease In Inventories
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546000 usd
CY2022 us-gaap Increase Decrease In Inventories
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6235000 usd
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CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
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12000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3200000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2860000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
11470000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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6380000 usd
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CY2022 us-gaap Increase Decrease In Other Current Liabilities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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170288000 usd
CY2023 us-gaap Payments To Explore And Develop Oil And Gas Properties
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CY2022 us-gaap Payments To Explore And Develop Oil And Gas Properties
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CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
324686000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2023 us-gaap Payments To Acquire Oil And Gas Property
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5443000 usd
CY2022 us-gaap Payments To Acquire Oil And Gas Property
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CY2023 us-gaap Payments To Acquire Land
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CY2022 us-gaap Payments To Acquire Land
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15342000 usd
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3566000 usd
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0 usd
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PaymentsToAcquireOtherPropertyPlantAndEquipment
1065000 usd
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1252000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 rep Payments Of Deferred Financing Costs
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CY2022 rep Payments Of Deferred Financing Costs
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1942000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
185000000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
22000000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
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56000000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
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31000000 usd
CY2023 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
188000000 usd
CY2022 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2023 us-gaap Repayments Of Senior Debt
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15000000 usd
CY2022 us-gaap Repayments Of Senior Debt
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0 usd
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
27706000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
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25066000 usd
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
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CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2511000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1040000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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264379000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2018000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4984000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13301000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8317000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15319000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13301000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
27140000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
1749000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9949000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3611000 usd
CY2023 rep Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
-5850000 usd
CY2022 rep Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
15229000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1277000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1655000 usd
CY2023 rep Noncash Or Part Noncash Acquisition Contribution Of Assets
NoncashOrPartNoncashAcquisitionContributionOfAssets
2272000 usd
CY2022 rep Noncash Or Part Noncash Acquisition Contribution Of Assets
NoncashOrPartNoncashAcquisitionContributionOfAssets
0 usd
CY2023 rep Noncash Or Part Noncash Acquisition Asset Retirement Obligations Assumed
NoncashOrPartNoncashAcquisitionAssetRetirementObligationsAssumed
19359000 usd
CY2022 rep Noncash Or Part Noncash Acquisition Asset Retirement Obligations Assumed
NoncashOrPartNoncashAcquisitionAssetRetirementObligationsAssumed
0 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nature of Business</span><div style="margin-top:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Organization</span></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Riley Exploration Permian, Inc (the "Company") was formed as a Delaware limited liability company, Riley Exploration – Permian, LLC ("REP LLC"), in 2016. In February 2021, REP LLC consummated a merger pursuant to which REP LLC became a wholly-owned subsidiary of Tengasco, Inc., a Delaware corporation (“Tengasco”), and Tengasco changed its name to Riley Exploration Permian, Inc. (the "Merger"). The Company is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas and NGLs in Texas and New Mexico. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On April 3, 2023 (the “Closing Date”), the Company completed the acquisition of oil and natural gas assets (the “New Mexico Acquisition”) from Pecos Oil &amp; Gas, LLC (“Pecos”), a Delaware limited liability company and an affiliate of Cibolo Energy Partners LLC. For further information regarding the New Mexico Acquisition, see Note 4 - Acquisitions of Oil and Natural Gas Properties.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Our Properties</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our acreage is primarily located on large contiguous blocks in Yoakum County, Texas, which represents our Champions Field and Eddy County, New Mexico, which represents our Redlake Field acquired in the New Mexico Acquisition. Our activities primarily include the horizontal development of conventional reservoirs on the Northwest Shelf of the Permian Basin. Our acreage is primarily located on large, contiguous blocks in Yoakum County, Texas and Eddy County, New Mexico. </span></div><div style="margin-top:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Current Commodity Environment</span></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The U.S. and global economies and markets have experienced heightened volatility following impactful geopolitical events, the effects of widespread inflation and the impact of significantly higher interest rates. Prices for oil and natural gas are determined primarily by prevailing market conditions, which have been and could continue to be volatile. </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The combination of geopolitical events, inflation and the rising interest rate environment has led to increasing forecasts of a U.S. or global recession. Any such recession could prolong market volatility or cause a decline in commodity prices, among other potential impacts.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company cannot estimate the length or gravity of the future impact these events will have on the Company's results of operations, financial position, liquidity and the value of oil and natural gas reserves.</span></div>
CY2023 us-gaap Basis Of Accounting
BasisOfAccounting
Basis of Presentation<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Effective by the Company's Board of Directors written consent on September 23, 2022, the Company's fiscal year is now the period from January 1 to December 31, beginning with the year ended December 31, 2022. </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). All intercompany balances and transactions have been eliminated upon consolidation. </span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. These reclassifications had no effect on the previously reported total assets, total liabilities, shareholders' equity, results of operations or cash flows.</span></div>
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. These reclassifications had no effect on the previously reported total assets, total liabilities, shareholders' equity, results of operations or cash flows
CY2023 us-gaap Use Of Estimates
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<div style="margin-top:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Significant Estimates</span></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. These estimates </span></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">and assumptions may also affect disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.</span></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company evaluates these estimates on an ongoing basis, using historical experience, consultation with experts and other methods the Company considers reasonable in the particular circumstances. Actual results may differ significantly from the Company’s estimates. Any effects on the Company’s business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known. Significant items subject to such estimates and assumptions include, but are not limited to, estimates of proved oil and natural gas reserves and related present value estimates of future net cash flows therefrom, the carrying value of oil and natural gas properties, accounts receivable, accrued capital expenditures and operating expenses, asset retirement obligations ("ARO"), the fair value determination of acquired assets and assumed liabilities, certain tax accruals and the fair value of derivatives.</span></div>
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2023Q4 us-gaap Receivables Net Current
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CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
24136000 usd
CY2023Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
1630000 usd
CY2022Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
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CY2023Q4 us-gaap Accounts And Other Receivables Net Current
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CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
622000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2021Q4 us-gaap Receivables Net Current
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17600000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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6600000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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5300000 usd
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2600000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2000000 usd
CY2023Q4 us-gaap Land
Land
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CY2022Q4 us-gaap Land
Land
16700000 usd
CY2023Q4 us-gaap Deferred Finance Costs Noncurrent Net
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3844000 usd
CY2022Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
2556000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1890000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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1370000 usd
CY2023Q4 us-gaap Equity Method Investments
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5620000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
0 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1247000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
249000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12601000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
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4175000 usd
CY2023Q4 rep Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
15851000 usd
CY2022Q4 rep Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
16744000 usd
CY2023Q4 rep Accrued Lease Operating Expenses Current
AccruedLeaseOperatingExpensesCurrent
6038000 usd
CY2022Q4 rep Accrued Lease Operating Expenses Current
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4607000 usd
CY2023Q4 rep Accrued General And Administrative Cost Current
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4655000 usd
CY2022Q4 rep Accrued General And Administrative Cost Current
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2286000 usd
CY2023Q4 rep Accrued Inventory Current
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0 usd
CY2022Q4 rep Accrued Inventory Current
AccruedInventoryCurrent
6235000 usd
CY2023Q4 rep Accrued Ad Valorem Tax Current
AccruedAdValoremTaxCurrent
5269000 usd
CY2022Q4 rep Accrued Ad Valorem Tax Current
AccruedAdValoremTaxCurrent
3789000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1346000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1921000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
33159000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
35582000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3038000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
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45000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
358000 usd
CY2023 rep Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
19359000 usd
CY2022 rep Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
0 usd
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
326000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
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CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
178000 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1641000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
79000 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
23044000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3038000 usd
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
3789000 usd
CY2022Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
314000 usd
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
19255000 usd
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2724000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023 us-gaap Interest And Debt Expense
InterestAndDebtExpense
31800000 usd
CY2022 us-gaap Interest And Debt Expense
InterestAndDebtExpense
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CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:10pt;margin-top:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Our customer concentration may impact our overall credit risk, either positively or negatively, in that these entities may be similarly affected by changes in economic or other conditions affecting the oil and natural gas industry.</span></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We sell our production at market prices and to a relatively small number of purchasers, as is customary in the exploration, development and production business. Our purchaser contracts include marketing provisions with our purchasers to market our production. For the years ended December 31, 2023 and 2022, one purchaser accounted for</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> 70%</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> and 89%, respectively, of our revenue purchased. For the year ended December 31, 2023, one other purchaser accounted for 10% or more of our revenues. During the year ended December 31, 2022, no other purchaser accounted for 10% or more of our revenues. The loss of either of these purchasers could materially and adversely affect our revenues in the short-term. However, based on the current demand for oil and natural gas and the availability of other purchasers, we believe that the loss of any of our purchasers would not have a long-term material adverse effect on our financial condition and results of operations because oil and natural gas are fungible products with well-established markets.</span></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We manage credit risk related to accounts receivable through netting revenues and expenses on properties in which we serve as the operator, credit approvals, escrow accounts and monitoring procedures. Accounts receivable are generally not collateralized. However, we routinely assess the financial strength of our customers and counterparties and, based upon factors surrounding the credit risk, establish an allowance for uncollectible accounts, if required. As a result, we believe that our accounts receivable credit risk exposure beyond such allowance is limited.</span></div>
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
31100000 usd
CY2023Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
1600000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0956
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0318
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2023 us-gaap Lease Cost
LeaseCost
800000 usd
CY2022 us-gaap Lease Cost
LeaseCost
500000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1890000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1370000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
985000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
539000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
938000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
838000 usd
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2600000 usd
CY2023Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
895783000 usd
CY2022Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
516011000 usd
CY2023Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
100216000 usd
CY2022Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
12770000 usd
CY2023Q4 rep Work In Progress Oil And Gas Property Successful Effort Method
WorkInProgressOilAndGasPropertySuccessfulEffortMethod
57004000 usd
CY2022Q4 rep Work In Progress Oil And Gas Property Successful Effort Method
WorkInProgressOilAndGasPropertySuccessfulEffortMethod
45169000 usd
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
1053003000 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
573950000 usd
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
206102000 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
133848000 usd
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
846901000 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
440102000 usd
CY2023 srt Exploratory Wells Drilled Net Productive
ExploratoryWellsDrilledNetProductive
0 well
CY2022 srt Exploratory Wells Drilled Net Productive
ExploratoryWellsDrilledNetProductive
1 well
CY2022Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
3800000 usd
CY2023 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
62500000 usd
CY2022 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
31500000 usd
CY2023 us-gaap Exploration Expense
ExplorationExpense
4200000 usd
CY2022 us-gaap Exploration Expense
ExplorationExpense
2000000 usd
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
9800000 usd
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
7300000 usd
CY2023Q4 rep Derivative Asset Fair Value Amount Not Offset Against Collateral Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueAmountNotOffsetAgainstCollateralIncludingNotSubjectToMasterNettingArrangement
6949000 usd
CY2023Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
6949000 usd
CY2022Q4 rep Derivative Asset Fair Value Amount Not Offset Against Collateral Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueAmountNotOffsetAgainstCollateralIncludingNotSubjectToMasterNettingArrangement
-16464000 usd
CY2022Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-16464000 usd
CY2023 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
17221000 usd
CY2022 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
75257000 usd
CY2023 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
23414000 usd
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
23683000 usd
CY2023 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
6193000 usd
CY2022 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-51574000 usd
CY2023 rep Asset Retirement Obligation Fair Value Disclosure
AssetRetirementObligationFairValueDisclosure
19400000 usd
CY2022 rep Asset Retirement Obligation Fair Value Disclosure
AssetRetirementObligationFairValueDisclosure
400000 usd
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
9800000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
355959000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
56000000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
20000000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
335959000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
56000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
20000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
20000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
205000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
20000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
105000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
0 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
370000000 usd
CY2023 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
3187000 usd
CY2022 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1022000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2278000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
731000 usd
CY2023 us-gaap Interest And Debt Expense
InterestAndDebtExpense
31816000 usd
CY2022 us-gaap Interest And Debt Expense
InterestAndDebtExpense
1090000 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.36
CY2023Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
7477000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6737000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6846000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6851000 usd
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2022Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6837000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6159000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6159000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6154000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5852000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4026000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1020000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
446000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6872000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4472000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
24305000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
27393000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.236
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.217
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
12900000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
4100000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3284000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
979000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34461000 usd
CY2023Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
3563000 usd
CY2023Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
163000 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
182000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
772000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
421000 usd
CY2023Q4 rep Deferred Tax Assets Interest Expense Limitation
DeferredTaxAssetsInterestExpenseLimitation
3861000 usd
CY2022Q4 rep Deferred Tax Assets Interest Expense Limitation
DeferredTaxAssetsInterestExpenseLimitation
0 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1123000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
484000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2700000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2812000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
8619000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7462000 usd
CY2023Q4 rep Deferred Tax Liabilities Oil And Gas Assets
DeferredTaxLiabilitiesOilAndGasAssets
79761000 usd
CY2022Q4 rep Deferred Tax Liabilities Oil And Gas Assets
DeferredTaxLiabilitiesOilAndGasAssets
52665000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
661000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
553000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
1542000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
0 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
81964000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
53218000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
73345000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
45756000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 rep Effective Income Tax Rate Reconciliation Nondeductible Expense Compensation Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseCompensationPercent
0.007
CY2022 rep Effective Income Tax Rate Reconciliation Nondeductible Expense Compensation Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseCompensationPercent
0.002
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.005
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.024
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.007
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
8800000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
111591000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
118011000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19705000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19553000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
295000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
133000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20000000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19686000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.66
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.04
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.58
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.99
CY2023Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0 usd
CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0 usd
CY2023 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
228147000 usd
CY2022 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
450000 usd
CY2023 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
102742000 usd
CY2022 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
1468000 usd
CY2023 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
0 usd
CY2022 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
157000 usd
CY2023 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
152309000 usd
CY2022 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
119673000 usd
CY2023 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
483198000 usd
CY2022 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
121748000 usd
CY2023 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
372647000 usd
CY2022 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
319343000 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
58817000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
32458000 usd
CY2023 us-gaap Production Tax Expense
ProductionTaxExpense
25559000 usd
CY2022 us-gaap Production Tax Expense
ProductionTaxExpense
19273000 usd
CY2023 us-gaap Exploration Expense
ExplorationExpense
4165000 usd
CY2022 us-gaap Exploration Expense
ExplorationExpense
2032000 usd
CY2023 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
64471000 usd
CY2022 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
31500000 usd
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
9760000 usd
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
7325000 usd
CY2023 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
209875000 usd
CY2022 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
226755000 usd
CY2023 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
44493000 usd
CY2022 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
48957000 usd
CY2023 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
165382000 usd
CY2022 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
177798000 usd
CY2023 rep Effective Income Tax Rate Reconciliation At Combined Federal And State Statutory Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationAtCombinedFederalAndStateStatutoryIncomeTaxRatePercent
0.2120
CY2022 rep Effective Income Tax Rate Reconciliation At Combined Federal And State Statutory Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationAtCombinedFederalAndStateStatutoryIncomeTaxRatePercent
0.2159
CY2021Q4 srt Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
73407000 boe
CY2022 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
14796000 boe
CY2022 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
-6331000 boe
CY2022 srt Proved Developed And Undeveloped Reserve Production Energy
ProvedDevelopedAndUndevelopedReserveProductionEnergy
4199000 boe
CY2022Q4 srt Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
77673000 boe
CY2023 rep Proved Developed And Undeveloped Reserve Acquisitions Energy
ProvedDevelopedAndUndevelopedReserveAcquisitionsEnergy
26064000 boe
CY2023 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
22870000 boe
CY2023 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
-12106000 boe
CY2023 srt Proved Developed And Undeveloped Reserve Production Energy
ProvedDevelopedAndUndevelopedReserveProductionEnergy
6786000 boe
CY2023Q4 srt Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
107715000 boe
CY2021Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
43041000 boe
CY2022Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
49122000 boe
CY2023Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
60178000 boe
CY2021Q4 srt Proved Undeveloped Reserve Boe1
ProvedUndevelopedReserveBOE1
30366000 boe
CY2022Q4 srt Proved Undeveloped Reserve Boe1
ProvedUndevelopedReserveBOE1
28551000 boe
CY2023Q4 srt Proved Undeveloped Reserve Boe1
ProvedUndevelopedReserveBOE1
47537000 boe
CY2023 srt Proved Developed And Undeveloped Reserve Net Energy Period Increase Decrease
ProvedDevelopedAndUndevelopedReserveNetEnergyPeriodIncreaseDecrease
30000000.0 boe
CY2023 rep Proved Developed And Undeveloped Reserve Acquisitions Energy
ProvedDevelopedAndUndevelopedReserveAcquisitionsEnergy
26100000 boe
CY2023 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
22900000 boe
CY2023 rep Proved Developed And Undeveloped Reserve Result Of Drilling Successful Wells That Were Previously Classified As Unproved Locations Energy
ProvedDevelopedAndUndevelopedReserveResultOfDrillingSuccessfulWellsThatWerePreviouslyClassifiedAsUnprovedLocationsEnergy
8300000 boe
CY2023 rep Proved Developed And Undeveloped Reserve Result Of Drilling Successful Wells Offsetting Locations That Were Previously Unproven Locations Energy
ProvedDevelopedAndUndevelopedReserveResultOfDrillingSuccessfulWellsOffsettingLocationsThatWerePreviouslyUnprovenLocationsEnergy
14600000 boe
CY2023 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
-12100000 boe
CY2022 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
-6300000 boe
CY2022 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
14800000 boe
CY2022 rep Proved Developed And Undeveloped Reserve Result Of Drilling Successful Wells That Were Previously Classified As Unproved Locations Energy
ProvedDevelopedAndUndevelopedReserveResultOfDrillingSuccessfulWellsThatWerePreviouslyClassifiedAsUnprovedLocationsEnergy
7800000 boe
CY2022 rep Proved Developed And Undeveloped Reserve Result Of Drilling Successful Wells Offsetting Locations That Were Previously Unproven Locations Energy
ProvedDevelopedAndUndevelopedReserveResultOfDrillingSuccessfulWellsOffsettingLocationsThatWerePreviouslyUnprovenLocationsEnergy
7000000.0 boe
CY2023Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
5244927000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
5135650000 usd
CY2023Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
1896397000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
1559266000 usd
CY2023Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
362218000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
341481000 usd
CY2023Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
538926000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
658340000 usd
CY2023Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
2447386000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
2576563000 usd
CY2023Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
1186921000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
1468187000 usd
CY2023Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1260465000 usd
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1108376000 usd
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1108376000 usd
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
703469000 usd
CY2023 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
288270000 usd
CY2022 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
267612000 usd
CY2023 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-618441000 usd
CY2022 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
406803000 usd
CY2023 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
21423000 usd
CY2022 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-40226000 usd
CY2023 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
385482000 usd
CY2022 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
321009000 usd
CY2023 rep Acquisitions Of Reserves Less Related Costs
AcquisitionsOfReservesLessRelatedCosts
613295000 usd
CY2022 rep Acquisitions Of Reserves Less Related Costs
AcquisitionsOfReservesLessRelatedCosts
0 usd
CY2023 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-188364000 usd
CY2022 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-83188000 usd
CY2023 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
31124000 usd
CY2022 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
8775000 usd
CY2023 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-5976000 usd
CY2022 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-117098000 usd
CY2023 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
140115000 usd
CY2022 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
87914000 usd
CY2023 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
61701000 usd
CY2022 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
88530000 usd
CY2023Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1260465000 usd
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1108376000 usd

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