Note 13 - Income Taxes (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Provision for current income taxes:
Federal	$	—	$	—	$	—	$	—
State		—		—		—		—
Total provision for current income taxes		—		—		—		—
Provision for deferred income taxes:
Federal		13,347		30,599		36,388		53,726
State		753		998		1,863		1,631
Total provision for deferred income taxes		14,100		31,597		38,251		55,357
Total provision for income taxes	$	14,100	$	31,597	$	38,251	$	55,357

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Provision for income taxes at U.S. federal statutory rate	$	11,105		$	29,295		$	33,414		$	47,106
Limited tax benefit due to stock-based compensation		2,211			592			2,951			6,128
State deferred income taxes		753			999			1,863			1,723
Other, net		31			711			23			400
Provision for income taxes	$	14,100		$	31,597		$	38,251		$	55,357
Effective income tax rate		26.7	%		22.7	%		24.0	%		24.7	%

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

	September 30, 2023			December 31, 2022
Deferred tax assets:
Interest expense limitations	$	32,843		$	10,623
Net operating loss carryforwards		12,210			5,496
Stock-based compensation		5,899			4,102
Unrecognized derivative losses		5,882			3,756
Other		22			32
Less: Valuation allowance		—			—
Deferred tax assets		56,856			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		(226,270	)		(155,169	)
Unrecognized derivative gains		—			(4	)
Deferred tax liabilities		(226,270	)		(155,173	)
Net deferred tax liabilities	$	(169,414	)	$	(131,164	)