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Note 4 - Acquisitions and Dispositions (Tables) | 12 Months Ended
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Dec. 31, 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) |
Purchase Consideration |  |  |  |  |  |  |  |  |  |  |  |
Common stock issued to TransGlobe shareholders |  | $ | 274,145 |  |  | $ | — |  |  | $ | 274,145 |
|  | October 13, 2022 |  |  | Measurement Period Adjustment |  |  | October 13, 2022 |
|  | (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] |
| Year Ended December 31, 2022 |  |  | Measurement Period Adjustment |  |  | Year Ended December 31, 2022 (As Adjusted) |  |  | Year Ended December 31, 2021 |  |  | Measurement Period Adjustment |  |  |  | Year Ended December 31, 2021 (As Adjusted) |
|  |  |  | (in thousands) |  |  |  |  |  |  |  |  | (in thousands) |  |  |  |  |
Pro forma (unaudited): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil, natural gas and natural gas liquids sales | $ | 547,670 | (a) |  | $ | — |  |  | $ | 547,670 | (a) |  | $ | 367,210 | (a) |  | $ | — |  |  |  | $ | 367,210 | (a)
Operating income | $ | 267,582 | (b) |  | $ | — |  |  | $ | 267,582 | (c) |  | $ | 104,924 | (c) |  | $ | — |  |  |  | $ | 104,924 | (c)
Net income | $ | 130,425 | (d) |  | $ | 1,412 | (g) |  | $ | 131,837 | (d) |  | $ | 54,534 | (e,f) |  | $ | (1,412 | ) | (g) |  | $ | 53,122 | (e,f)
Basic net income per share: | $ | 1.21 |  |  | $ | 0.01 | (g) |  | $ | 1.22 |  |  | $ | 0.51 |  |  | $ | (0.02 | ) | (g) |  | $ | 0.49 |
Basic weighted average shares outstanding |  | 108,206 |  |  |  | 108,206 |  |  |  | 108,206 |  |  |  | 107,537 |  |  |  | 107,537 |  |  |  |  | 107,537 |
Diluted net income per share: | $ | 1.20 |  |  | $ | 0.01 | (g) |  | $ | 1.21 |  |  | $ | 0.50 |  |  | $ | (0.01 | ) | (g) |  | $ | 0.49 |
Diluted weighted average shares outstanding |  | 108,642 |  |  |  | 108,642 |  |  |  | 108,642 |  |  |  | 108,062 |  |  |  | 108,062 |  |  |  |  | 108,062 |

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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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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