Note 13 - Income Taxes (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Current income tax expense:
Federal	$	—	$	—	$	—	$	—
State		—		—		—		—
Total current income tax expense		—		—		—		—
Deferred income tax expense:
Federal		9,121		23,315		23,041		23,127
State		523		757		1,110		633
Deferred income tax expense		9,644		24,072		24,151		23,760
Total income tax expense	$	9,644	$	24,072	$	24,151	$	23,760

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Income tax expense at U.S. federal statutory rate	$	8,709		$	21,343		$	22,309		$	17,810
State deferred income taxes		523			848			1,110			724
Limited tax benefit due to stock-based compensation		451			1,930			740			5,536
Other, net		(39	)		(49	)		(8	)		(310	)
Income tax expense	$	9,644		$	24,072		$	24,151		$	23,760
Effective income tax rate		23.3	%		23.7	%		22.7	%		28.0	%

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

	June 30, 2023			December 31, 2022
Deferred tax assets:
Interest expense limitations	$	24,497		$	10,623
Net operating loss carryforwards		8,216			5,496
Stock-based compensation		4,869			4,102
Unrecognized derivative losses		2,453			3,756
Other		50			32
Less: Valuation allowance		—			—
Deferred tax assets		40,085			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		(195,400	)		(155,169	)
Unrecognized derivative gains		—			(4	)
Deferred tax liabilities		(195,400	)		(155,173	)
Net deferred tax liabilities	$	(155,315	)	$	(131,164	)