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Note 5 - Derivative Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2025
Notes Tables |
Derivative Instruments, Gain (Loss) [Table Text Block] |
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Noncash derivative loss, net |  | $ | (4,856 | ) |  | $ | (47,895 | )
Cash payments on settled derivatives, net |  |  | (3,071 | ) |  |  | (5,148 | )
Derivative loss, net |  | $ | (7,927 | ) |  | $ | (53,043 | )
Schedule of Price Risk Derivatives [Table Text Block] |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Swaps |  |  | Collars, Enhanced Collars & Deferred Premium Puts |
Settlement Month |  |  | Settlement Year |  |  | Type of Contract |  |  | Bbls Per Day |  |  | Index |  |  | Price per Bbl |  |  | Floor or Strike Price per Bbl |  |  | Ceiling Price per Bbl |  |  | Deferred Premium Payable per Bbl |
Crude Oil: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Apr - Jun |  |  |  | 2025 |  |  |  | Swap |  |  |  | 5,500 |  |  |  | WTI Cushing |  |  | $ | 76.37 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Apr - Jun |  |  |  | 2025 |  |  |  | Collar |  |  |  | 7,989 |  |  |  | WTI Cushing |  |  | $ | — |  |  | $ | 64.38 |  |  | $ | 88.55 |  |  | $ | 2.00 |
Apr - Jun |  |  |  | 2025 |  |  |  | Put |  |  |  | 9,000 |  |  |  | WTI Cushing |  |  | $ | — |  |  | $ | 65.78 |  |  | $ | — |  |  | $ | 5.00 |
Jul - Sep |  |  |  | 2025 |  |  |  | Swap |  |  |  | 3,000 |  |  |  | WTI Cushing |  |  | $ | 75.85 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Jul - Sep |  |  |  | 2025 |  |  |  | Collar |  |  |  | 7,000 |  |  |  | WTI Cushing |  |  | $ | — |  |  | $ | 65.00 |  |  | $ | 90.08 |  |  | $ | 2.28 |
Jul - Sep |  |  |  | 2025 |  |  |  | Put |  |  |  | 9,000 |  |  |  | WTI Cushing |  |  | $ | — |  |  | $ | 65.78 |  |  | $ | — |  |  | $ | 5.00 |
Oct - Dec |  |  |  | 2025 |  |  |  | Collar |  |  |  | 5,000 |  |  |  | WTI Cushing |  |  | $ | — |  |  | $ | 60.00 |  |  | $ | 72.80 |  |  | $ | — |
Jan - Mar |  |  |  | 2026 |  |  |  | Collar |  |  |  | 5,000 |  |  |  | WTI Cushing |  |  | $ | — |  |  | $ | 60.00 |  |  | $ | 72.80 |  |  | $ | — |
Settlement Month |  |  | Settlement Year |  |  | Type of Contract |  |  | MMBtu Per Day |  |  | Index |  |  | Price per MMBtu |
Natural Gas: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Apr – Jun |  |  |  | 2025 |  |  |  | Swap |  |  |  | 30,000 |  |  |  | HH |  |  | $ | 4.43 |
Jul – Sep |  |  |  | 2025 |  |  |  | Swap |  |  |  | 30,000 |  |  |  | HH |  |  | $ | 4.43 |
Oct – Dec |  |  |  | 2025 |  |  |  | Swap |  |  |  | 30,000 |  |  |  | HH |  |  | $ | 4.43 |
Jan – Mar |  |  |  | 2026 |  |  |  | Swap |  |  |  | 19,667 |  |  |  | HH |  |  | $ | 4.43 |
Schedule of Derivative Assets and Liabilities By Counterparty [Table Text Block] |
|  | As of March 31, 2025 |
Macquarie Bank Limited |  | $ | (2,812 | )
Wells Fargo Bank, National Association |  |  | (1,200 | )
Fifth Third Bank, National Association |  |  | (583 | )
Mercuria Energy Trading SA |  |  | 1,940 |
|  | $ | (2,655 | )

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