Note 13 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

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

	Three Months Ended March 31,
	2023		2022
Current income tax expense:
Federal	$	—	$	—
State		—		—
Total current income tax expense		—		—
Deferred income tax expense (benefit):
Federal		13,920		(188	)
State		587		(124	)
Deferred income tax expense (benefit)		14,507		(312	)
Total income tax expense (benefit)	$	14,507	$	(312	)

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

	Three Months Ended March 31,
	2023			2022
Income tax expense (benefit) at U.S. federal statutory rate	$	13,600		$	(3,533	)
Limited tax benefit due to stock-based compensation		289			3,681
State deferred income taxes		587			(124	)
Other, net		31			(261	)
Income tax expense (benefit)	$	14,507		$	(312	)
Effective income tax rate		22.4	%		1.9	%

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

	March 31, 2023			December 31, 2022
Deferred tax assets:
Interest expense limitations	$	16,281		$	10,623
Net operating loss carryforwards		6,291			5,496
Stock-based compensation		4,565			4,102
Unrecognized derivative losses		2,604			3,756
Other		11			32
Less: Valuation allowance		—			—
Deferred tax assets		29,752			24,009
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		(175,423	)		(155,169	)
Unrecognized derivative gains		—			(4	)
Deferred tax liabilities		(175,423	)		(155,173	)
Net deferred tax liabilities	$	(145,671	)	$	(131,164	)