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Note 5 - Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2023
Notes Tables  
Derivative Instruments, Gain (Loss) [Table Text Block]
   

Three Months Ended June 30,

   

Six Months Ended June 30,

 
   

2023

   

2022

   

2023

   

2022

 
                                 

Noncash derivative gain (loss), net

  $ 703    

$

25,191     $ 6,017     $ (16,442

)

Cash payments on settled derivatives, net

    (5,066

)

    (37,082

)

    (7,260

)

    (61,843

)

Derivative loss, net

  $ (4,363

)

  $ (11,891

)

  $ (1,243

)

  $ (78,285

)

Schedule of Price Risk Derivatives [Table Text Block]
   

Remainder of 2023

 
   

Third

Quarter

   

Fourth

Quarter

   

Total

 

Crude Oil Price Swaps – WTI: 

                       

Volume (MBbls)

    276.0             276.0  

Price per Bbl

  $ 72.30     $     $ 72.30  

Deferred Premium Put Options – WTI: 

                       

Volume (MBbls)

    644.0       920.0       1,564.0  

Price per Bbl (Put Price)

  $ 60.46     $ 55.97     $ 57.82  

Price per Bbl (Net of Premium)

  $ 55.46     $ 50.97     $ 52.82  
   

2024

 
   

First

Quarter

   

Second

Quarter

   

Third

Quarter

   

Fourth

Quarter

   

Total

 

Deferred Premium Put Options – WTI:

                                       

Volume (MBbls)

    910.0       910.0       920.0             2,740.0  

Price per Bbl (Put Price)

  $ 53.83     $ 53.83     $ 53.83     $     $ 53.83  

Price per Bbl (Net of Premium)

  $ 48.83     $ 48.83     $ 48.83     $     $ 48.83  
Schedule of Derivative Assets and Liabilities By Counterparty [Table Text Block]
   

As of June 30,

2023

 

Bank of America, National Association

  $ (7,994

)

Citizens Bank, National Association

    (3,365

)

    $ (11,359

)