Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

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

	Year Ended December 31,
	2023		2022		2021
Current income tax expense:
Federal	$	—	$	—	$	—
State		—		—		—
Total current income tax expense		—		—		—
Deferred income tax expense:
Federal		63,002		73,026		15,084
State		2,903		2,335		1,820
Deferred income tax expense		65,905		75,361		16,904
Total income tax expense	$	65,905	$	75,361	$	16,904

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

	Year Ended December 31,
	2023			2022			2021
Income tax expense at U.S. federal statutory rate	$	59,172		$	65,565		$	15,217
Limited tax benefit due to wage and stock-based compensation		3,811			7,362			(51	)
State deferred income taxes		2,903			2,335			1,730
Other		19			99			8
Income tax expense	$	65,905		$	75,361		$	16,904
Effective income tax rate		23.4	%		24.1	%		23.3	%

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

	December 31,
	2023			2022
Deferred tax assets:
Interest expense limitations	$	41,352		$	10,623
Net operating loss carryforwards		13,503			5,496
Stock-based compensation		6,332			4,102
Other		36			32
Unrecognized derivative losses, net		—			3,752
Less: Valuation allowance		—			—
Deferred tax assets		61,223			24,005
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		(250,859	)		(155,169	)
Unrecognized derivative gains, net		(7,432	)		—
Deferred tax liabilities		(258,291	)		(155,169	)
Net deferred tax liabilities	$	(197,068	)	$	(131,164	)