XML 44 R34.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 12 - Leases (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Notes Tables |
Lease, Cost [Table Text Block] |
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Lease cost: |  | (in thousands) |
Finance lease cost (1) |  | $ | 4,365 |  |  | $ | 66 |
Operating lease cost |  |  | 583 |  |  |  | 4,196 |
Short-term lease cost (2) |  |  | 1,360 |  |  |  | 1,014 |
Variable lease cost (3) |  |  | — |  |  |  | 1,338 |
Total lease expense |  |  | 6,308 |  |  |  | 6,614 |
Lease costs capitalized |  |  | 48 |  |  |  | 772 |
Total lease costs |  | $ | 6,356 |  |  | $ | 7,386 |
|  | Three Months Ended March 31,
|  | 2023 |  |  | 2022 |
Other information: |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Financing cash flows attributable to finance leases (in thousands) |  | $ | 1,701 |  |  | $ | — |
Weighted-average remaining lease term (in years) |  |  | 9.33 |  |  |  | 5.42 |
Weighted-average discount rate |  |  | 8.13 | % |  |  | 3.54 | %
Operating cash flows attributable to operating leases (in thousands) |  | $ | 226 |  |  | $ | 6,551 |
Weighted-average remaining lease term (in years) |  |  | 1.14 |  |  |  | 0.73 |
Weighted-average discount rate |  |  | 10.29 | % |  |  | 5.83 | %
Summary of Lease Costs in Consolidated Statements of Operations [Table Text Block] |
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
|  | (in thousands) |
Finance lease cost |  | $ | 2,625 |  |  | $ | 39 |
Production expense |  |  | 1,286 |  |  |  | 3,838 |
General and administrative expense |  |  | 46 |  |  |  | 16 |
Lease costs billed to the joint venture owners |  |  | 2,368 |  |  |  | 3,002 |
Total lease expense |  |  | 6,325 |  |  |  | 6,895 |
Lease costs capitalized |  |  | 31 |  |  |  | 491 |
Total lease costs |  | $ | 6,356 |  |  | $ | 7,386 |
Lessee, Operating and Finance Lease Liability, Maturity [Table Text Block] |
|  | Operating Leases |  |  | Finance Leases |
Year |  | (in thousands) |
2023 |  | $ | 1,829 |  |  | $ | 10,377 |
2024 |  |  | 672 |  |  |  | 13,759 |
2025 |  |  | 33 |  |  |  | 15,559 |
2026 |  |  | — |  |  |  | 16,156 |
2027 |  |  | — |  |  |  | 15,023 |
Thereafter |  |  | — |  |  |  | 51,561 |
|  |  | 2,534 |  |  |  | 122,435 |
Less: imputed interest |  |  | 127 |  |  |  | 35,058 |
Total lease liabilities |  | $ | 2,407 |  |  | $ | 87,377 |

X
- Definition Tabular disclosure of undiscounted cash flows of operating and finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to lease liability recognized in statement of financial position. + References No definition available. + Details
Name: | egy_LesseeOperatingAndFinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | egy_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for lease costs recognized in the consolidated statement of operations. + References No definition available. + Details
Name: | egy_SummaryOfLeaseCostsInConsolidatedStatementsOfOperationsTableTextBlock
Namespace Prefix: | egy_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration