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Note 5 - Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2021
Notes Tables  
Derivative Instruments, Gain (Loss) [Table Text Block]
  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2021

  

2020

  

2021

  

2020

 
  

Successor

  

Predecessor

  

Successor

  

Predecessor

 

Noncash derivative gain (loss), net

 $(12,558) $-  $(12,558) $- 

Cash payments on settled derivative instruments, net

  (1,038)  -   (1,038)  - 

Derivative gain (loss), net

 $(13,596) $-  $(13,596) $- 
Schedule of Price Risk Derivatives [Table Text Block]
  

2021

  

2022

 
  

 

Third

Quarter

  

Fourth

Quarter

  

Total

  

First

Quarter

  

Second

Quarter

  

Total

 

Oil Price Swaps

                        

Volume (Bbls)

  460,000   460,000   920,000   450,000   302,500   752,500 

Price per Bbl

 $61.91  $61.91  $61.91  $61.91  $62.16  $61.95