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Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Notes Tables  
Condensed Financial Statements [Table Text Block]
   
Predecessors for the Year Ended December 31, 2019
  
(in thousands)
  
HPK LP from
August 28, 2019
(Inception) through
December 31, 2019
    
HighPeak I
for the
Year
Ended
December
31, 2019
    
Eliminations
    
Combined
Year
Ended
December
31, 2019
  
Operating Revenues:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Crude oil sales
   $
3,695
     $
4,154
      
 
     $
7,849
  
Natural gas and NGL sales
    
163
      
103
      
 
      
266
  
Total operating revenues
    
3,858
      
4,257
      
 
      
8,115
  
Operating Costs and Expenses:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Oil and natural gas production
    
1,578
      
1,794
      
 
      
3,372
  
Production and ad valorem taxes
    
188
      
261
      
 
      
449
  
Exploration and abandonments
    
33
      
2,817
      
 
      
2,850
  
Depletion, depreciation and amortization
    
1,612
      
2,657
      
 
      
4,269
  
Accretion of discount on asset retirement obligations
    
34
      
38
      
 
      
72
  
General and administrative
    
6,159
      
2,523
      
 
      
8,682
  
Total operating costs and expenses
    
9,604
      
10,090
      
 
      
19,694
  
Loss from operations
    
(5,746
 )    
(5,833
 )    
 
      
(11,579
 )
Equity in losses of affiliate
    
-
      
(3,175
 )    
3,175
      
-
  
Net loss
   $
(5,746
 )   $
(9,008
 )   $
3,175
     $
(11,579
 )
                                 
                                 
                                 
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Net loss
   $
(5,746
 )   $
(9,008
 )   $
3,175
     $
(11,579
 )
Adjustments to reconcile net loss to net cash provided by (used in) operations:
      
 
      
 
      
 
  
Exploration and abandonment expense
    
33
      
2,817
      
-
      
2,850
  
Depletion, depreciation and amortization expense
    
1,612
      
2,657
      
-
      
4,269
  
Accretion expense
    
34
      
38
      
-
      
72
  
Equity in loss off affiliate
    
-
      
3,175
      
(3,175
 )    
-
  
Changes in operating assets and liabilities:
                                
Accounts receivable
    
(1,355
 )    
1,425
      
-
      
70
  
Inventory and other current assets
    
(88
 )    
(121
 )    
-
      
(209
 )
Accounts payable and accrued liabilities
    
3,010
      
745
      
-
      
3,755
  
Net cash provided by (used in) operating activities
    
(2,500
 )    
1,728
      
-
      
(772
 )
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Additions to oil and natural gas properties
    
(45,318
 )    
(15,687
 )    
-
      
(61,005
 )
Changes in working capital associated with oil and natural gas property additions
    
19,097
      
5,585
      
-
      
24,682
  
Acquisitions of oil and natural gas properties
    
(2,456
 )    
(8,462
 )    
-
      
(10,918
 )
Investment in affiliate
    
-
      
(7,796
 )    
7,796
      
-
  
Issuance of notes receivable
    
(4,193
 )    
-
      
-
      
(4,193
 )
Net cash used in investing activities
    
(32,870
 )    
(26,360
 )    
7,796
      
(51,434
 )
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Contributions from partners
    
58,081
      
23,738
      
(7,796
 )    
74,023
  
Net cash provided by financing activities
    
58,081
      
23,738
      
(7,796
 )    
74,023
  
Net increase (decrease) in cash and cash equivalents
    
22,711
      
(894
 )    
-
      
21,817
  
Cash and cash equivalents, beginning of period
    
-
      
894
      
-
      
894
  
Cash and cash equivalents, end of period
   $
22,711
     $
-
     $
-
     $
22,711
  
Property, Plant and Equipment [Table Text Block]
   
Successor
    
Predecessors
  
   
December 31,
2020
    
December 31,
2019
  
   
(in thousands)
  
Land
   $
725
     $
580
  
Information technology
    
292
      
459
  
Transportation equipment
    
41
      
-
  
Leasehold improvements
    
24
      
37
  
Field equipment
    
10
      
12
  
Total other property and equipment, net
   $
1,092
     $
1,088