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Note 3 - Acquisitions and Dispositions (Tables) | 6 Months Ended
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Jun. 30, 2022
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | February 25, 2021 |
|  | (in thousands) |
Purchase Consideration |  |  |  |
Cash |  | $ | 33,959 |
Fair value of contingent consideration |  |  | 4,647 |
Total purchase consideration |  | $ | 38,606 |
|  | February 25, 2021 |
|  | (in thousands) |
Assets acquired: |  |  |  |
Wells, platforms and other production facilities |  | $ | 37,176 |
Equipment and other |  |  | 5,568 |
Value added tax and other receivables |  |  | 1,234 |
Abandonment funding |  |  | 11,781 |
Accounts receivable - trade |  |  | 11,220 |
Other current assets |  |  | 3,963 |
Liabilities assumed: |  |  |  |
Asset retirement obligations |  |  | (14,564 | )
Accrued liabilities and other |  |  | (10,121 | )
Bargain purchase gain |  |  | (7,651 | )
Total purchase price |  | $ | 38,606 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |  |
|  | 2021 |  |  | 2021 |  |
|  | (in thousands) |  |
Pro forma (unaudited) |  |  |  |  |  |  |  |  |
Crude oil and natural gas sales |  | $ | 47,023 |  |  | $ | 104,570 |  |
Operating income |  |  | 18,874 |  |  |  | 43,899 |  |
Net income |  |  | 5,884 |  |  |  | 17,620 |  | (a)
Basic net income loss per share: |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.10 |  |  | $ | 0.30 |  |
Net income per share |  | $ | 0.10 |  |  | $ | 0.30 |  |
Basic weighted average shares outstanding |  |  | 58,072 |  |  |  | 57,855 |  |
Diluted net income per share: |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.10 |  |  | $ | 0.30 |  |
Net income per share |  | $ | 0.10 |  |  | $ | 0.30 |  |
Diluted weighted average shares outstanding |  |  | 58,574 |  |  |  | 58,527 |  |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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