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Note 3 - Acquisitions and Dispositions (Tables) | 6 Months Ended
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Jun. 30, 2023
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | October 13, 2022 |  |  | Measurement Period Adjustment |  |  | October 13, 2022 (As Adjusted) |
|  | (in thousands) |  |  | (in thousands) |  |  | (in thousands) |
Purchase Consideration |  |  |  |  |  |  |  |  |  |  |  |
Common stock issued to TransGlobe shareholders |  | $ | 274,145 |  |  | $ | — |  |  | $ | 274,145 |
|  | October 13, 2022 |  |  | Measurement Period Adjustment |  |  | October 13, 2022 |
|  | (in thousands) |  |  | (in thousands) |  |  | (in thousands) |
Assets acquired: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 36,686 |  |  | $ | — |  |  | $ | 36,686 |
Wells, platforms and other production facilities |  |  | 243,669 |  |  |  | — |  |  |  | 243,669 |
Equipment and other |  |  | 2,099 |  |  |  | — |  |  |  | 2,099 |
Undeveloped acreage |  |  | 30,216 |  |  |  | — |  |  |  | 30,216 |
Accounts receivable - trade |  |  | 48,068 |  |  |  | — |  |  |  | 48,068 |
Accounts receivable - other |  |  | 50,275 |  |  |  | — |  |  |  | 50,275 |
Accounts with joint venture owners |  |  | 68 |  |  |  | — |  |  |  | 68 |
Right of use operating leases |  |  | 1,609 |  |  |  | — |  |  |  | 1,609 |
Right of use financing leases |  |  | 204 |  |  |  | — |  |  |  | 204 |
Prepayment and other |  |  | 7,627 |  |  |  | — |  |  |  | 7,627 |
Liabilities assumed: |  |  |  |  |  |  |  |  |  |  | - |
Asset retirement obligations |  |  | (6,134 | ) |  |  | — |  |  |  | (6,134 | )
Accounts payable |  |  | (10,223 | ) |  |  | — |  |  |  | (10,223 | )
Accrued liabilities and other |  |  | (50,128 | ) |  |  | — |  |  |  | (50,128 | )
Operating lease liabilities - current portion |  |  | (961 | ) |  |  | — |  |  |  | (961 | )
Financing lease liabilities - current portion |  |  | (125 | ) |  |  | — |  |  |  | (125 | )
Operating lease liabilities - net of current portion |  |  | (688 | ) |  |  | — |  |  |  | (688 | )
Financing lease liabilities - net of current portion |  |  | (21 | ) |  |  | — |  |  |  | (21 | )
Deferred tax liabilities |  |  | (40,964 | ) |  |  | (1,412 | ) |  |  | (42,376 | )
Other long-term liabilities |  |  | (26,313 | ) |  |  | — |  |  |  | (26,313 | )
Bargain purchase gain |  |  | (10,819 | ) |  |  | 1,412 |  |  |  | (9,407 | )
Total purchase price |  | $ | 274,145 |  |  | $ | — |  |  | $ | 274,145 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
|  | 2022 |  |  |  | 2022 |  |
|  | (in thousands) |  |  |  | (in thousands) |  |
Pro forma (unaudited): |  |  |  |  |  |  |  |  |  |
Crude oil, natural gas and natural gas liquids sales |  | $ | 183,665 |  | (a) |  | $ | 304,792 |  | (a)
Operating income |  | $ | 110,091 |  | (b) |  | $ | 171,518 |  | (d)
Net income |  | $ | 41,818 |  | (c) |  | $ | 72,857 |  | (e)
Basic net income per share: |  | $ | 0.39 |  |  |  | $ | 0.67 |  |
Basic weighted average shares outstanding |  |  | 108,232 |  |  |  |  | 108,121 |  |
Diluted net income per share: |  | $ | 0.38 |  |  |  | $ | 0.67 |  |
Diluted weighted average shares outstanding |  |  | 108,668 |  |  |  |  | 108,585 |  |

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