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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Oil Sales [Member]      
OIL, NATURAL GAS AND NGL SALES (Note 9) $ 152,481 $ 165,609 $ 323,014 $ 323,186
EXPENSES        
Operating 55,855 47,035 123,209 95,501
Transportation 7,618 5,690 14,529 10,274
Depletion, depreciation and accretion (Note 6) 68,635 55,490 140,837 111,640
General and administrative 15,006 17,127 26,632 31,270
Foreign exchange loss (gain) 3,716 (4,413) 7,554 (5,228)
Derivative instruments gain (Note 12) (14,032) 0 (12,565) 0
Interest expense (Note 7) 24,366 18,398 47,601 36,822
EXPENSES 161,164 139,327 347,797 280,279
INTEREST INCOME 251 1,017 676 1,709
OTHER INCOME 339 0 287 0
(LOSS) INCOME BEFORE INCOME TAXES (8,093) 27,299 (23,820) 44,616
INCOME TAX EXPENSE (RECOVERY)        
Current (Note 10) 2,195 42,289 10,460 46,205
Deferred (Note 10) 2,453 (51,361) (2,259) (37,882)
INCOME TAX EXPENSE (RECOVERY) 4,648 (9,072) 8,201 8,323
NET (LOSS) INCOME (12,741) 36,371 (32,021) 36,293
OTHER COMPREHENSIVE INCOME        
Foreign currency translation adjustment 9,583 0 9,774 0
NET AND COMPREHENSIVE (LOSS) INCOME $ (3,158) $ 36,371 $ (22,247) $ 36,293
NET(LOSS) INCOME PER SHARE        
BASIC (in dollars per share) $ (0.36) $ 1.16 $ (0.90) $ 1.15
DILUTED (in dollars per share) $ (0.36) $ 1.16 $ (0.90) $ 1.15
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 35,334,692 31,281,651 35,554,806 31,547,362
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 35,334,692 31,281,651 35,554,806 31,547,362