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Note 7 - Crude Oil, Natural Gas and NGLs Properties and Equipment | 3 Months Ended
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Mar. 31, 2024
Notes to Financial Statements |
Oil and Gas, Property and Equipment [Text Block] | 7. CRUDE OIL, NATURAL GAS and NGLs PROPERTIES AND EQUIPMENT The Company’s crude oil, natural gas and NGLs properties and equipment is comprised of the following:
|  | As of March 31, 2024 |  |  | As of December 31, 2023 |
|  | (in thousands) |
Crude oil, natural gas and NGLs properties and equipment - successful efforts method: |  |  |  |  |  |  |  |
Wells, platforms and other production facilities |  | $ | 1,481,103 |  |  | $ | 1,468,542 |
Work-in-progress |  |  | 7,404 |  |  |  | 4,183 |
Undeveloped acreage |  |  | 53,683 |  |  |  | 52,109 |
Equipment and other |  |  | 51,357 |  |  |  | 47,794 |
Total crude oil, natural gas and NGLs properties, equipment and other |  |  | 1,593,547 |  |  |  | 1,572,628 |
Accumulated depreciation, depletion, amortization and impairment |  |  | (1,136,128 | ) |  |  | (1,112,842 | )
Net crude oil, natural gas and NGLs properties, equipment and other |  | $ | 457,419 |  |  | $ | 459,786 |

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- Definition The entire disclosure for properties used in normal conduct of oil and gas exploration and producing operations. This disclosure may include property accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 932 -SubTopic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/932-360/tableOfContent + Details
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