Note 13 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2022

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Three Months Ended March 31,
	2022			2021
Current income tax expense (benefit):
Federal	$	—		$	—
State		—			—
Total current income tax expense (benefit)		—			—
Deferred income tax expense (benefit):
Federal		(188	)		1,115
State		(124	)		—
Deferred income tax expense (benefit)		(312	)		1,115
Total income tax expense (benefit)	$	(312	)	$	1,115

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Three Months Ended March 31,
	2022			2021
Income tax expense (benefit) at U.S. federal statutory rate	$	(3,533	)	$	1,230
Limited tax benefit due to stock-based compensation		3,606			(109	)
State deferred income taxes		(124	)		—
Other, net		(261	)		(6	)
Income tax expense (benefit)	$	(312	)	$	1,115
Effective income tax rate		1.9	%		19.0	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	March 31, 2022			December 31, 2021
Deferred tax assets:
Unrecognized derivative losses	$	12,329		$	3,248
Net operating loss carryforwards		3,681			2,870
Stock-based compensation		1,357			4,373
Interest expense limitations		968			—
Other		293			31
Deferred tax assets		18,628			10,522
Deferred tax liabilities:
Crude oil and natural gas properties, principally due to differences in basis and depreciation and the deduction of intangible drilling costs for tax purposes		(74,118	)		(66,324	)
Net deferred tax liabilities	$	(55,490	)	$	(55,802	)