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Note 2 - Basis of Presentation and Summary of Significant Accounting Policies - Condensed Financial Statements (Details) - USD ($)
$ in Thousands
3 Months Ended 4 Months Ended 6 Months Ended 8 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Jun. 30, 2021
Jun. 30, 2020
Aug. 21, 2020
Sep. 30, 2019
Dec. 31, 2019
Operating revenues $ 48,270   $ 944   $ 16,400   $ 73,987 $ 5,567 $ 8,223   $ 8,115
Oil and natural gas production 4,692   1,814   2,653   6,919 4,203 4,870   3,372
Production and ad valorem taxes 2,543   94   886   4,207 402 566   449
Exploration and abandonments 463   1   5,032   654 4 4   2,850
Depletion, depreciation and amortization 16,857   1,735   9,877   29,820 5,091 6,385   4,269
Accretion of discount on asset retirement obligations 37   35   51   72 69 89   72
General and administrative 1,617   1,412   2,775   3,376 4,273 4,840   8,682
Total operating costs and expenses 27,232   5,091   37,050   47,037 14,042 16,754   19,694
Income (loss) from operations 21,038   (4,147)   (20,650)   26,950 (8,475) (8,531)   (11,579)
Net income (loss) 5,743 $ 4,744 (4,147) $ (80,831) (16,429)   10,487 (84,978) (85,034)   (11,579)
CASH FLOWS FROM OPERATING ACTIVITIES:                      
Net income (loss) 5,743 4,744 (4,147) (80,831) (16,429)   10,487 (84,978) (85,034)   (11,579)
Exploration and abandonment expense         4,854   369 4 4   2,850
Depletion, depreciation and amortization 16,857   1,735   9,877   29,820 5,091 6,385   4,269
Accretion expense         51   72 69 89   72
Accounts receivable         (5,177)   (16,064) 2,886 844   70
Prepaid expenses, inventory and other current assets         (506)   (366) (3,621) (196)   (209)
Accounts payable and accrued liabilities         (1,990)   5,803 (763) (2,694)   3,755
Net cash provided by (used in) operating activities         5,413   47,280 (4,812) (4,102)   (772)
Additions to oil and natural gas properties         (64,947)   (89,959) (49,016) (49,364)   (60,998)
Changes in working capital associated with oil and natural gas property additions         (5,666)   15,223 7,652 7,348   24,682
Acquisitions of oil and natural gas properties         (1,181)   (2,070) (3,298) (3,338)   (10,918)
Issuance of notes receivable         0   0 (5,907) (7,482)   (4,193)
Net cash used in investing activities         (71,939)   (76,867) (65,619) (67,886)   (51,434)
Contributions from partners         0   0 54,000 54,000   74,023
Net cash provided by financing activities         84,135   22,877 54,000 51,220   74,023
Net decrease in cash and cash equivalents         17,609   (6,710) (16,431) (20,768)   21,817
Cash and cash equivalents, beginning of period   $ 19,552   22,711 1,943   19,552 22,711 22,711 $ 894 894
Cash and cash equivalents, end of period         19,552 $ 22,711     1,943   22,711
HighPeak II [Member]                      
Operating revenues           3,858       942  
Oil and natural gas production           1,578       1,190  
Production and ad valorem taxes           188       59  
Exploration and abandonments           33       756  
Depletion, depreciation and amortization           1,612       650  
Accretion of discount on asset retirement obligations           34       86  
General and administrative           6,159          
Total operating costs and expenses           9,604       6,754  
Income (loss) from operations           (5,746)       (5,812)  
Equity in losses of affiliate           0          
Net income (loss)           (5,746)       (5,705)  
CASH FLOWS FROM OPERATING ACTIVITIES:                      
Net income (loss)           (5,746)       (5,705)  
Exploration and abandonment expense           33          
Depletion, depreciation and amortization           1,612       650  
Accretion expense           34          
Equity in loss off affiliate           0          
Accounts receivable           (1,355)          
Prepaid expenses, inventory and other current assets           (88)          
Accounts payable and accrued liabilities           3,010          
Net cash provided by (used in) operating activities           (2,500)          
Additions to oil and natural gas properties           (45,318)          
Changes in working capital associated with oil and natural gas property additions           19,097          
Acquisitions of oil and natural gas properties           (2,456)          
Investment in affiliate           0          
Issuance of notes receivable           (4,193)          
Net cash used in investing activities           (32,870)          
Contributions from partners           58,081          
Net cash provided by financing activities           58,081          
Net decrease in cash and cash equivalents           22,711          
Cash and cash equivalents, beginning of period       22,711   0   22,711 22,711    
Cash and cash equivalents, end of period           22,711         22,711
HighPeak I [Member]                      
Operating revenues                     4,257
Oil and natural gas production                     1,794
Production and ad valorem taxes                     261
Exploration and abandonments                     2,817
Depletion, depreciation and amortization                     2,657
Accretion of discount on asset retirement obligations                     38
General and administrative                     2,523
Total operating costs and expenses                     10,090
Income (loss) from operations                     (5,833)
Equity in losses of affiliate                     (3,175)
Net income (loss)                     (9,008)
CASH FLOWS FROM OPERATING ACTIVITIES:                      
Net income (loss)                     (9,008)
Exploration and abandonment expense                     2,817
Depletion, depreciation and amortization                     2,657
Accretion expense                     38
Equity in loss off affiliate                     3,175
Accounts receivable                     1,425
Prepaid expenses, inventory and other current assets                     (121)
Accounts payable and accrued liabilities                     745
Net cash provided by (used in) operating activities                     1,728
Additions to oil and natural gas properties                     (15,687)
Changes in working capital associated with oil and natural gas property additions                     5,585
Acquisitions of oil and natural gas properties                     (8,462)
Investment in affiliate                     (7,796)
Issuance of notes receivable                     0
Net cash used in investing activities                     (26,360)
Contributions from partners                     23,738
Net cash provided by financing activities                     23,738
Net decrease in cash and cash equivalents                     (894)
Cash and cash equivalents, beginning of period       0       0 0 894 894
Cash and cash equivalents, end of period           0         0
HighPeak I and HighPeak II [Member]                      
Operating revenues                     8,115
Oil and natural gas production                     3,372
Production and ad valorem taxes                     449
Exploration and abandonments                     2,850
Depletion, depreciation and amortization                     4,269
Accretion of discount on asset retirement obligations                     72
General and administrative                     8,682
Total operating costs and expenses                     19,694
Income (loss) from operations                     (11,579)
Equity in losses of affiliate                     0
Net income (loss)                     (11,579)
CASH FLOWS FROM OPERATING ACTIVITIES:                      
Net income (loss)                     (11,579)
Exploration and abandonment expense                     2,850
Depletion, depreciation and amortization                     4,269
Accretion expense                     72
Equity in loss off affiliate                     0
Accounts receivable                     70
Prepaid expenses, inventory and other current assets                     (209)
Accounts payable and accrued liabilities                     3,755
Net cash provided by (used in) operating activities                     (772)
Additions to oil and natural gas properties                     (61,005)
Changes in working capital associated with oil and natural gas property additions                     24,682
Acquisitions of oil and natural gas properties                     (10,918)
Investment in affiliate                     0
Issuance of notes receivable                     (4,193)
Net cash used in investing activities                     (51,434)
Contributions from partners                     74,023
Net cash provided by financing activities                     74,023
Net decrease in cash and cash equivalents                     21,817
Cash and cash equivalents, beginning of period       22,711       22,711 22,711 894 894
Cash and cash equivalents, end of period           22,711         22,711
HighPeak I and HighPeak II [Member] | Consolidation, Eliminations [Member]                      
Depletion, depreciation and amortization                     0
Equity in losses of affiliate                     3,175
Net income (loss)                     3,175
CASH FLOWS FROM OPERATING ACTIVITIES:                      
Net income (loss)                     3,175
Exploration and abandonment expense                     0
Depletion, depreciation and amortization                     0
Accretion expense                     0
Equity in loss off affiliate                     (3,175)
Accounts receivable                     0
Prepaid expenses, inventory and other current assets                     0
Accounts payable and accrued liabilities                     0
Net cash provided by (used in) operating activities                     0
Additions to oil and natural gas properties                     0
Changes in working capital associated with oil and natural gas property additions                     0
Acquisitions of oil and natural gas properties                     0
Investment in affiliate                     7,796
Issuance of notes receivable                     0
Net cash used in investing activities                     7,796
Contributions from partners                     (7,796)
Net cash provided by financing activities                     (7,796)
Net decrease in cash and cash equivalents                     0
Cash and cash equivalents, beginning of period       $ 0       0 0 0 0
Cash and cash equivalents, end of period           0         0
Crude Oil Sales [Member]                      
Operating revenues 46,985   938   15,988   71,855 5,462 8,069   7,849
Crude Oil Sales [Member] | HighPeak II [Member]                      
Operating revenues           3,695       719  
Crude Oil Sales [Member] | HighPeak I [Member]                      
Operating revenues                     4,154
Crude Oil Sales [Member] | HighPeak I and HighPeak II [Member]                      
Operating revenues                     7,849
Natural Gas and NGL Sales [Member]                      
Operating revenues $ 1,285   $ 6   $ 412   $ 2,132 $ 105 $ 154   266
Natural Gas and NGL Sales [Member] | HighPeak II [Member]                      
Operating revenues           $ 163       $ 223  
Natural Gas and NGL Sales [Member] | HighPeak I [Member]                      
Operating revenues                     103
Natural Gas and NGL Sales [Member] | HighPeak I and HighPeak II [Member]                      
Operating revenues                     $ 266