Note 13 - Income Taxes (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Current income tax expense:
Federal	$	—	$	—	$	—	$	—
State		—		—		—		—
Total current income tax expense		—		—		—		—
Deferred income tax expense:
Federal		30,599		2,145		53,726		4,680
State		998		—		1,631		—
Deferred income tax expense		31,597		2,145		55,357		4,680
Total income tax expense	$	31,597	$	2,145	$	55,357	$	4,680

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Income tax expense at U.S. federal statutory rate	$	29,295		$	2,140		$	47,106		$	4,875
Limited tax benefit due to stock-based compensation		592			20			6,128			(61	)
State deferred income taxes		999			—			1,723			—
Other, net		711			(15	)		400			(134	)
Income tax expense	$	31,597		$	2,145		$	55,357		$	4,680
Effective income tax rate		22.7	%		21.0	%		24.7	%		20.2	%

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

	September 30, 2022			December 31, 2021
Deferred tax assets:
Interest expense limitations	$	6,120		$	—
Net operating loss carryforwards		4,602			2,870
Stock-based compensation		3,612			4,373
Unrecognized derivative losses		—			3,248
Other		266			31
Deferred tax assets		14,600			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		(124,423	)		(66,324	)
Unrecognized derivative gains		(1,336	)		—
Deferred tax liabilities		(125,759	)		(66,324	)
Net deferred tax liabilities	$	(111,159	)	$	(55,802	)