Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flow from Operating Activities    
Net Income $ 16,830 $ 7,708
Adjustments to reconcile Net Income to Net Cash provided by Operating Activities:    
Deferred Income Tax Expense 2,129 1,300
Depreciation, Amortization and Accretion 19,421 18,606
Stock-Based Compensation 3,521 2,468
Abandoned Well Costs 335  
Gain on Disposal of Assets, Net (54) (13)
Abandoned Projects 729  
Amortization of Debt Issuance Costs, Net 716 508
Other 323 180
Changes in Operating Assets and Liabilities:    
Accounts Receivable 3,371 7,951
Accounts Receivable from Affiliate (2,706) 18,790
Other Receivables 1,683 (332)
Prepaids and Deposits 2,014 1,262
Accounts Payable 3,382 1,298
Payables to Affiliate (199) (410)
Accrued Liabilities and Other (7,686) 357
Net Cash Provided by Operating Activities 43,809 59,673
Cash Flow from Investing Activities    
Property, Plant and Equipment Expenditures (19,582) (35,315)
Proceeds from the Sale of Property, Plant and Equipment 1  
Net Cash Used in Investing Activities (19,581) (35,315)
Cash Flow from Financing Activities    
Dividends and Distributions Paid (5,449) (5,373)
Repurchase of Shares (1,310) (599)
Repayment of Credit Facility (15,000) (9,000)
Proceeds from Credit Facility 15,000 15,000
Payment of Insurance Premium Financing (1,878)  
Net Cash (Used in) Provided by Financing Activities (8,637) 28
Net Increase in Cash 15,591 24,386
Cash, Beginning of Period 5,063 1,122
Cash, End of Period 20,654 25,508
Supplementary Cash Flow Data    
Cash Paid for Interest $ 986 $ 633