Note 5 - Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Derivative Instruments, Gain (Loss) [Table Text Block]

	Year Ended December 31,
	2023			2022			2021
Noncash gain (loss) on derivative instruments, net	$	51,796		$	(1,909	)	$	(15,467	)
Cash paid on settlement of derivative instruments, net		(24,194	)		(58,096	)		(11,267	)
Gain (loss) on derivative instruments, net	$	27,602		$	(60,005	)	$	(26,734	)

Schedule of Price Risk Derivatives [Table Text Block]

						Swaps		Enhanced Collars & Deferred Premium Puts
Settlement Month	Settlement Year	Type of Contract	Bbls Per Day		Index	Price per Bbl		Floor or Strike Price per Bbl		Ceiling Price per Bbl		Deferred Premium Payable per Bbl
Crude Oil:
Jan - Mar	2024	Swap		4,000	WTI	$	84.00	$	—	$	—	$	—
Jan - Mar	2024	Collar		6,000	WTI	$	—	$	80.00	$	100.00	$	3.50
Jan - Mar	2024	Put		20,000	WTI	$	—	$	66.44	$	—	$	5.00
Apr - Jun	2024	Swap		4,000	WTI	$	84.00	$	—	$	—	$	—
Apr - Jun	2024	Collar		5,500	WTI	$	—	$	69.73	$	95.00	$	0.61
Apr - Jun	2024	Put		14,000	WTI	$	—	$	60.41	$	—	$	5.00
Jul - Sep	2024	Swap		4,000	WTI	$	84.00	$	—	$	—	$	—
Jul - Sep	2024	Collar		1,500	WTI	$	—	$	69.00	$	95.00	$	0.85
Jul - Sep	2024	Put		14,000	WTI	$	—	$	60.41	$	—	$	5.00
Oct - Dec	2024	Swap		5,500	WTI	$	76.37	$	—	$	—	$	—
Oct - Dec	2024	Collar		10,600	WTI	$	—	$	65.68	$	90.32	$	1.85
Oct - Dec	2024	Put		2,000	WTI	$	—	$	58.00	$	—	$	5.00
Jan - Mar	2025	Swap		5,500	WTI	$	76.37	$	—	$	—	$	—
Jan - Mar	2025	Collar		8,000	WTI	$	—	$	65.00	$	90.00	$	2.12
Jan - Mar	2025	Put		2,000	WTI	$	—	$	58.00	$	—	$	5.00
Apr - Jun	2025	Swap		5,500	WTI	$	76.37	$	—	$	—	$	—
Apr - Jun	2025	Collar		7,000	WTI	$	—	$	65.00	$	90.08	$	2.28
Apr - Jun	2025	Put		2,000	WTI	$	—	$	58.00	$	—	$	5.00
Jul - Sep	2025	Swap		3,000	WTI	$	75.85	$	—	$	—	$	—
Jul - Sep	2025	Collar		7,000	WTI	$	—	$	65.00	$	90.08	$	2.28
Jul - Sep	2025	Put		2,000	WTI	$	—	$	58.00	$	—	$	5.00

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

	As of December 31, 2023
Mercuria Energy Trading SA	$	19,520
Wells Fargo Bank, National Association		7,570
Fifth Third Bank, National Association		5,004
Macquarie Bank Limited		2,326
	$	34,420