SUBSEQUENT EVENTS (UNAUDITED) |
12 Months Ended | ||||||
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Dec. 31, 2025 | |||||||
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| SUBSEQUENT EVENTS (UNAUDITED) |
NOTE 18 — SUBSEQUENT EVENTS (UNAUDITED) In January 2026, the Company entered into oil costless collar hedges for 2026 including:
In February 2026, the Company entered into an oil swap for 2,000 Bbls/d for April 2026 to December 2026 at $64.53 per Bbl. On March 5, 2026, the board of directors approved a first quarter dividend of $0.01 per share. The Company expects to pay the dividend on March 26, 2026, to stockholders of record as of the close of business on March 19, 2026. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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