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Note 10 - Related Party Transactions - Construction of Beginning Balance of the Company (Details) - USD ($)
$ in Thousands
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Aug. 22, 2020
Aug. 21, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash and cash equivalents $ 12,842   $ 19,552 $ 86,483       $ 22,711  
Cash and cash equivalents (12,842)   (19,552) (86,483)       (22,711)  
Accounts Receivable, after Allowance for Credit Loss, Current, Total 23,786   7,722 3,027       3,363  
Accounts receivable (23,786)   (7,722) (3,027)       (3,363)  
Total current assets 37,957   33,295 89,510       92,026  
Total current assets (37,957)   (33,295) (89,510)       (92,026)  
Total oil and gas properties, net 565,173   502,636 452,039       404,794  
Total oil and gas properties, net (565,173)   (502,636) (452,039)       (404,794)  
Other property and equipment, net 1,057   1,092 436       1,088  
Other property and equipment, net (1,057)   (1,092) (436)       (1,088)  
Total assets 604,423   537,930 541,985       497,908  
Total assets (604,423)   (537,930) (541,985)       (497,908)  
Current liabilities 54,340   22,435 28,358       30,980  
Current liabilities (54,340)   (22,435) (28,358)       (30,980)  
Deferred income tax liability 41,432   38,898 39,946       0  
Deferred income tax liability (41,432)   (38,898) (39,946)       0  
Notes payable (receivable)       0          
Notes payable (receivable)       0          
Asset retirement obligations 2,965   2,293 2,398       2,212  
Asset retirement obligations (2,965)   (2,293) (2,398)       (2,212)  
Partners' capital       0 $ 430,902 $ 433,738 $ 437,885 464,716 $ 84,057
Partners' capital       0 (430,902) $ (433,738) $ (437,885) (464,716) $ (84,057)
Common stock 9   9 9       0  
Common stock (9)   (9) (9)       0  
Additional Paid in Capital, Ending Balance 590,455   581,426 562,054       0  
Additional paid-in capital (590,455)   (581,426) (562,054)       0  
Retained Earnings (Accumulated Deficit), Ending Balance (96,722)   (107,209) (90,780)       (5,746)  
Accumulated deficit 96,722   107,209 90,780       5,746  
Total stockholders' equity/partner's capital 493,742 $ 486,976 474,226 471,283 0        
Total stockholders' equity/partner's capital (493,742) $ (486,976) (474,226) (471,283) 0        
Total liabilities and stockholders' equity/partners' capital 604,423   537,930 541,985       497,908  
Total liabilities and stockholders' equity/partners' capital $ (604,423)   $ (537,930) $ (541,985)       $ (497,908)  
High Peak Business Combination [Member] | Issuance of HighPeak Energy Common Stock [Member]                  
Cash and cash equivalents [1]         92,554        
Cash and cash equivalents [1]         (92,554)        
Accounts Receivable, after Allowance for Credit Loss, Current, Total [1]         0        
Accounts receivable [1]         0        
Total current assets [1]         92,554        
Total current assets [1]         (92,554)        
Total oil and gas properties, net [1]         0        
Total oil and gas properties, net [1]         0        
Other property and equipment, net [1]         0        
Other property and equipment, net [1]         0        
Total assets [1]         92,554        
Total assets [1]         (92,554)        
Current liabilities [1]         9,538        
Current liabilities [1]         (9,538)        
Deferred income tax liability [1]         0        
Deferred income tax liability [1]         0        
Notes payable (receivable) [1]         0        
Notes payable (receivable) [1]         0        
Asset retirement obligations [1]         0        
Asset retirement obligations [1]         0        
Partners' capital [1]         (521,682)        
Partners' capital [1]         521,682        
Common stock [1]         9        
Common stock [1]         (9)        
Additional Paid in Capital, Ending Balance [1]         623,765        
Additional paid-in capital [1]         (623,765)        
Retained Earnings (Accumulated Deficit), Ending Balance [1]         0        
Accumulated deficit [1]         0        
Total stockholders' equity/partner's capital [1]         102,092        
Total stockholders' equity/partner's capital [1]         (102,092)        
Total liabilities and stockholders' equity/partners' capital [1]         92,554        
Total liabilities and stockholders' equity/partners' capital [1]         (92,554)        
High Peak Business Combination [Member] | Offering Costs [Member]                  
Cash and cash equivalents [2]         8,114        
Cash and cash equivalents [2]         (8,114)        
Accounts Receivable, after Allowance for Credit Loss, Current, Total [2]         (0)        
Accounts receivable [2]         0        
Total current assets [2]         8,114        
Total current assets [2]         (8,114)        
Total oil and gas properties, net [2]         (0)        
Total oil and gas properties, net [2]         0        
Other property and equipment, net [2]         (0)        
Other property and equipment, net [2]         0        
Total assets [2]         8,114        
Total assets [2]         (8,114)        
Current liabilities [2]         (0)        
Current liabilities [2]         0        
Deferred income tax liability [2]         (0)        
Deferred income tax liability [2]         0        
Notes payable (receivable) [2]         (0)        
Notes payable (receivable) [2]         0        
Asset retirement obligations [2]         (0)        
Asset retirement obligations [2]         0        
Partners' capital [2]         (0)        
Partners' capital [2]         0        
Common stock [2]         (0)        
Common stock [2]         0        
Additional Paid in Capital, Ending Balance [2]         8,114        
Additional paid-in capital [2]         (8,114)        
Retained Earnings (Accumulated Deficit), Ending Balance [2]         (0)        
Accumulated deficit [2]         0        
Total stockholders' equity/partner's capital [2]         8,114        
Total stockholders' equity/partner's capital [2]         (8,114)        
Total liabilities and stockholders' equity/partners' capital [2]         8,114        
Total liabilities and stockholders' equity/partners' capital [2]         (8,114)        
High Peak Business Combination [Member] | Deferred Tax Liability [Member]                  
Cash and cash equivalents [3]         0        
Cash and cash equivalents [3]         0        
Accounts Receivable, after Allowance for Credit Loss, Current, Total [3]         0        
Accounts receivable [3]         0        
Total current assets [3]         0        
Total current assets [3]         0        
Total oil and gas properties, net [3]         0        
Total oil and gas properties, net [3]         0        
Other property and equipment, net [3]         0        
Other property and equipment, net [3]         0        
Total assets [3]         0        
Total assets [3]         0        
Current liabilities [3]         0        
Current liabilities [3]         0        
Deferred income tax liability [3]         39,946        
Deferred income tax liability [3]         (39,946)        
Notes payable (receivable) [3]         0        
Notes payable (receivable) [3]         0        
Asset retirement obligations [3]         0        
Asset retirement obligations [3]         0        
Partners' capital [3]         0        
Partners' capital [3]         0        
Common stock [3]         0        
Common stock [3]         0        
Additional Paid in Capital, Ending Balance [3]         (39,946)        
Additional paid-in capital [3]         39,946        
Retained Earnings (Accumulated Deficit), Ending Balance [3]         0        
Accumulated deficit [3]         0        
Total stockholders' equity/partner's capital [3]         (39,946)        
Total stockholders' equity/partner's capital [3]         39,946        
Total liabilities and stockholders' equity/partners' capital [3]         0        
Total liabilities and stockholders' equity/partners' capital [3]         0        
HPK, LP [Member]                  
Cash and cash equivalents [4]         1,943        
Cash and cash equivalents [4]         (1,943)        
Accounts Receivable, after Allowance for Credit Loss, Current, Total [4]         3,001        
Accounts receivable [4]         (3,001)        
Total current assets [4]         4,944        
Total current assets [4]         (4,944)        
Total oil and gas properties, net [4]         452,039        
Total oil and gas properties, net [4]         (452,039)        
Other property and equipment, net [4]         436        
Other property and equipment, net [4]         (436)        
Total assets [4]         457,419        
Total assets [4]         (457,419)        
Current liabilities [4]         35,794        
Current liabilities [4]         (35,794)        
Deferred income tax liability [4]         0        
Deferred income tax liability [4]         0        
Notes payable (receivable) [4]         (11,675)        
Notes payable (receivable) [4]         11,675        
Asset retirement obligations [4]         2,398        
Asset retirement obligations [4]         (2,398)        
Partners' capital [4]         521,682        
Partners' capital [4]         (521,682)        
Common stock [4]         0        
Common stock [4]         0        
Additional Paid in Capital, Ending Balance [4]         0        
Additional paid-in capital [4]         0        
Retained Earnings (Accumulated Deficit), Ending Balance [4]         (90,780)        
Accumulated deficit [4]         90,780        
Total stockholders' equity/partner's capital [4]         430,902        
Total stockholders' equity/partner's capital [4]         (430,902)        
Total liabilities and stockholders' equity/partners' capital [4]         457,419        
Total liabilities and stockholders' equity/partners' capital [4]         (457,419)        
Pure [Member]                  
Cash and cash equivalents [5]         1        
Cash and cash equivalents [5]         (1)        
Accounts Receivable, after Allowance for Credit Loss, Current, Total [5]         0        
Accounts receivable [5]         0        
Total current assets [5]         1        
Total current assets [5]         (1)        
Total oil and gas properties, net [5]         0        
Total oil and gas properties, net [5]         0        
Other property and equipment, net [5]         0        
Other property and equipment, net [5]         0        
Total assets [5]         1        
Total assets [5]         (1)        
Current liabilities [5]         2,025        
Current liabilities [5]         (2,025)        
Deferred income tax liability [5]         0        
Deferred income tax liability [5]         0        
Notes payable (receivable) [5]         11,675        
Notes payable (receivable) [5]         (11,675)        
Asset retirement obligations [5]         0        
Asset retirement obligations [5]         0        
Partners' capital [5]         0        
Partners' capital [5]         0        
Common stock [5]         0        
Common stock [5]         0        
Additional Paid in Capital, Ending Balance [5]         (13,699)        
Additional paid-in capital [5]         13,699        
Retained Earnings (Accumulated Deficit), Ending Balance [5]         0        
Accumulated deficit [5]         0        
Total stockholders' equity/partner's capital [5]         (13,699)        
Total stockholders' equity/partner's capital [5]         13,699        
Total liabilities and stockholders' equity/partners' capital [5]         1        
Total liabilities and stockholders' equity/partners' capital [5]         (1)        
HighPeak Energy Employees, Inc [Member]                  
Cash and cash equivalents [6]         99        
Cash and cash equivalents [6]         (99)        
Accounts Receivable, after Allowance for Credit Loss, Current, Total [6]         26        
Accounts receivable [6]         (26)        
Total current assets [6]         125        
Total current assets [6]         (125)        
Total oil and gas properties, net [6]         0        
Total oil and gas properties, net [6]         0        
Other property and equipment, net [6]         0        
Other property and equipment, net [6]         0        
Total assets [6]         125        
Total assets [6]         (125)        
Current liabilities [6]         77        
Current liabilities [6]         (77)        
Deferred income tax liability [6]         0        
Deferred income tax liability [6]         0        
Notes payable (receivable) [6]         0        
Notes payable (receivable) [6]         0        
Asset retirement obligations [6]         0        
Asset retirement obligations [6]         0        
Partners' capital [6]         0        
Partners' capital [6]         0        
Common stock [6]         0        
Common stock [6]         0        
Additional Paid in Capital, Ending Balance [6]         48        
Additional paid-in capital [6]         (48)        
Retained Earnings (Accumulated Deficit), Ending Balance [6]         0        
Accumulated deficit [6]         0        
Total stockholders' equity/partner's capital [6]         48        
Total stockholders' equity/partner's capital [6]         (48)        
Total liabilities and stockholders' equity/partners' capital [6]         125        
Total liabilities and stockholders' equity/partners' capital [6]         $ (125)        
[1] Represents the issuance by the Company of 91,592,354 shares of common stock, 10,538,183 warrants and 10,209,300 Contingent Value Rights upon the closing of the HighPeak business combination. The reduction to accounts payable of $9.5 million represents those vendors of HPK LP that purchased shares under the Forward Purchase Agreement Amendment in the HighPeak business combination in lieu of being paid cash for the majority of their outstanding balances.
[2] Represents the cash costs paid for the offering of the aforementioned shares in addition to the cash costs that had previously been incurred by Pure of $13.7 million in column (b).
[3] Represents the beginning deferred tax liability of the Company given the combination of all the entities, most of which originated from HPK LP which was a partnership for U.S. federal income tax purposes and therefore did not record a deferred tax liability.
[4] Represents HPK LP’s condensed consolidated balance sheet estimated as of August 21, 2020.
[5] Represents Pure's condensed consolidated balance sheet estimated as of August 21, 2020 after taking into account: (i) the closing of its trust account, (ii) the redemption of Pure's Class A Common Stock by the former public stockholders of Pure that elected to redeem, (iii) paying out the cash consideration to those former public stockholders of Pure who elected to remain and (iv) the conversion of the remaining shares of Pure's Class A Common Stock to HighPeak Energy common stock upon the closing of the HighPeak business combination. The $13.7 million reduction to equity is considered noncash offering costs on the condensed consolidated statement of changes in stockholders’ equity.
[6] Represents the balance sheet of HighPeak Energy Employees, Inc which was acquired by the Company for $10.00 upon the closing of the HighPeak business combination.