Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

	Year Ended December 31,				August 22, 2020 through December 31,
	2022		2021		2020
Current income tax expense:
Federal	$	—	$	—	$	(3,176	)
State		—		—		—
Total current income tax expense		—		—		(3,176	)
Deferred income tax expense:
Federal		73,026		15,084		(1,047	)
State		2,335		1,820		—
Deferred income tax expense		75,361		16,904		(1,047	)
Total income tax expense	$	75,361	$	16,904	$	(4,223	)

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

	Year Ended December 31,						August 22, 2020 through December 31,
	2022			2021			2020
Income tax expense at U.S. federal statutory rate	$	65,565		$	15,217		$	(4,337	)
Limited tax benefit due to wage and stock-based compensation		7,362			(51	)		127
State deferred income taxes		2,335			1,730			—
Other		99			8			(13	)
Income tax expense	$	75,361		$	16,904		$	(4,223	)
Effective income tax rate		24.1	%		23.3	%		20.4	%

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

	December 31,
	2022			2021
Deferred tax assets:
Interest expense limitations	$	10,623		$	—
Net operating loss carryforwards		5,496			2,870
Stock-based compensation		4,102			4,373
Unrecognized derivative losses		3,756			3,248
Other		32			31
Less: Valuation allowance		—			—
Deferred tax assets		24,009			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		(155,169	)		(66,324	)
Unrecognized derivative gains		(4	)		—
Deferred tax liabilities		(155,173	)		(66,324	)
Net deferred tax liabilities	$	(131,164	)	$	(55,802	)