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Note 8 - Derivatives and Fair Value (Tables)

6 Months Ended

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	)

X

- 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.

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