Note 10 - Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Condensed Income Statement [Table Text Block]

	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019
Operating Revenues:
Crude oil sales	$	513		$	719
Natural gas and natural gas liquid sales		42			223
Total operating revenues		555			942
Operating costs and expenses:
Oil and natural gas production		488			1,190
Production and ad valorem taxes		35			59
Exploration and abandonment		48			756
Depletion, depreciation and amortization		445			650
Accretion of discount on asset retirement obligations		30			86
General and administrative		964			2,891
Abandoned project		1,122			1,122
Total operating costs and expenses		3,132			6,754
Loss from operations		(2,577	)		(5,812	)
Interest income		107			107
Net loss	$	(2,470	)	$	(5,705	)

Condensed Balance Sheet [Table Text Block]

	(a)			(b)			(c)		(d)			(e)			(f)
	HPK LP			Pure			HighPeak Employees, Inc.		Issuance of HighPeak Energy Common Stock			Cash Offering Costs			Deferred Tax Liability			Beginning Balance Sheet on August 22, 2020
Cash and cash equivalents	$	1,943		$	1		$	99	$	92,554		$	(8,383	)	$	-		$	86,214
Accounts receivable		3,001			-			26		-			-			-			3,027
Total current assets		4,944			1			125		92,554			(8,383	)		-			89,241
Total oil and gas properties, net		452,039			-			-		-			-			-			452,039
Other property and equipment, net		436			-			-		-			-			-			436
Total assets	$	457,419		$	1		$	125	$	92,554		$	(8,383	)	$	-		$	541,716
Current liabilities	$	35,794		$	2,025		$	77	$	(9,538	)	$	-		$	-		$	28,358
Deferred income tax liability		-			-			-		-			-			40,500			40,500
Notes payable (receivable)		(11,675	)		11,675			-		-			-			-			-
Asset retirement obligations		2,398			-			-		-			-			-			2,398
Partners' capital		521,682			-			-		(521,682	)		-			-			-
Common stock		-			-			-		9			-			-			9
Additional paid-in capital		-			(13,699	)		48		623,765			(8,383	)		(40,500	)		561,231
Accumulated deficit		(90,780	)		-			-		-			-			-			(90,780	)
Total stockholders' equity/partner's capital		430,902			(13,699	)		48		102,092			(8,383	)		(40,500	)		470,460
Total liabilities and stockholders' equity/partners' capital	$	457,419		$	1		$	125	$	92,554		$	(8,383	)	$	-		$	541,716