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Note 8 - Derivatives and Fair Value (Tables) | 6 Months Ended
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Jun. 30, 2022
Notes Tables |
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] |
Settlement Period | Type of Contract | Index |  | Average Monthly Volumes |  |  | Weighted Average Price |  |  | Weighted Average Put Price |  |  | Weighted Average Call Price |
|  |  |  | (Bbls) |  |  | (per Bbl) |  |  | (per Bbl) |  |  | (per Bbl) |
July 2022 to September 2022 | Swaps | Dated Brent |  |  | 125,000 |  |  | $ | 76.53 |  |  |  | — |  |  |  | — |
October 2022 to December 2022 | Collars | Dated Brent |  |  | 109,000 |  |  |  | — |  |  | $ | 70.00 |  |  | $ | 122.00 |
Schedule of Derivative Instruments [Table Text Block] |
|  |  |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
Derivative Item |  | Statement of Operations Line |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  |  |  | (in thousands) |
Crude oil swaps |  | Cash settlements paid on matured derivative contracts, net |  | $ | (21,059 | ) |  | $ | (4,293 | ) |  | $ | (33,559 | ) |  | $ | (6,003 | )
|  | Unrealized gain (loss) |  |  | 11,517 |  |  |  | (5,676 | ) |  |  | (7,741 | ) |  |  | (9,920 | )
|  | Derivative instruments loss, net |  | $ | (9,542 | ) |  | $ | (9,969 | ) |  | $ | (41,300 | ) |  | $ | (15,923 | )

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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