Note 17 - Supplemental Crude Oil and Natural Gas Disclosures (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure [Table Text Block]

	December 31,
	2023			2022
Proved properties	$	3,338,107		$	2,270,236
Unproved properties		72,715			114,665
Total capitalized costs		3,410,822			2,384,901
Less: accumulated depletion		(684,179	)		(259,962	)
Net capitalized costs	$	2,726,643		$	2,124,939

Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure [Table Text Block]

	Year Ended December 31,
	2023		2022		2021
Acquisition costs:
Proved properties	$	3,308	$	352,791	$	33,253
Unproved properties		11,777		174,554		20,792
Total acquisition costs		15,085		527,345		54,045
Exploration costs		527,502		655,433		190,346
Development costs		481,528		391,298		45,852
Crude oil and natural gas expenditures		1,024,115		1,574,076		290,243
Asset retirement obligations, net		6,048		2,879		1,844
Total costs incurred	$	1,030,163	$	1,576,955	$	292,087

Results of Operations for Oil and Gas Producing Activities Disclosure [Table Text Block]

	Year Ended December 31,
	2023		2022		2021
Crude oil, NGL and natural gas sales	$	1,111,293	$	755,686	$	220,124
Lease operating expenses		145,362		69,599		25,053
Production and ad valorem taxes		58,472		38,440		10,746
Exploration and abandonment expense		5,234		1,149		1,549
Depletion, depreciation and amortization expense		424,424		177,742		65,201
Accretion of discount on asset retirement obligations		522		370		167
Income tax expense		100,229		98,361		24,656
Results of operations from crude oil and natural gas production activities	$	377,050	$	370,025	$	92,752

Schedule of Proved Developed and Undeveloped Reserve [Table Text Block]

	Crude Oil (MBbl)			NGL (MBbl)			Natural Gas (MMcf)			Total (MBoe)
Proved Reserves on December 31, 2020		19,032			2,160			7,939			22,515
Extensions and discoveries		36,867			4,845			19,529			44,967
Purchase of reserves-in-place		973			631			2,910			2,089
Sales of minerals-in-place		(238	)		(44	)		(139	)		(305	)
Revisions of previous estimates		(1,807	)		10			842			(1,657	)
Production		(3,002	)		(224	)		(1,020	)		(3,396	)
Proved Reserves on December 31, 2021		51,825			7,378			30,061			64,213
Extensions and discoveries		47,677			6,162			24,887			57,987
Purchase of reserves-in-place		13,031			3,467			14,448			18,906
Revisions of previous estimates		(6,155	)		(1,817	)		(7,435	)		(9,211	)
Production		(7,562	)		(821	)		(3,323	)		(8,937	)
Proved Reserves on December 31, 2022		98,816			14,369			58,638			122,958
Extensions and discoveries		54,137			6,456			27,330			65,148
Purchase of reserves-in-place		89			47			208			171
Sales of reserves-in-place		(1,171	)		(127	)		(531	)		(1,387	)
Revisions of previous estimates		(18,432	)		898			8,644			(16,093	)
Production		(13,885	)		(1,547	)		(7,218	)		(16,635	)
Proved Reserves on December 31, 2023		119,554			20,096			87,071			154,162

Beginning proved undeveloped reserves on December 31, 2022	61,700
Undeveloped reserves transferred to proved developed reserves	(25,955	)
Extensions and discoveries	42,440
Sales of reserves-in-place	(1,387	)
Revisions	(2,229	)
Ending proved undeveloped reserves on December 31, 2023	74,569

Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities [Table Text Block]

	December 31,
	2023		2022		2021
Proved Developed Reserves (1)
Crude oil (MBbl)		58,631		47,845		22,610
NGL (MBbl)		12,183		7,968		3,540
Natural gas (MMcf)		52,671		32,669		14,611
Total (MBoe)		79,593		61,258		28,585
Proved Undeveloped Reserves
Crude oil (MBbl)		60,923		50,971		29,215
NGL (MBbl)		7,913		6,401		3,838
Natural gas (MMcf)		34,400		25,969		15,450
Total (MBoe)		74,569		61,700		35,628
Total Proved Reserves
Crude oil (MBbl)		119,554		98,816		51,825
NGL (MBbl)		20,096		14,369		7,378
Natural gas (MMcf)		87,071		58,638		30,061
Total (MBoe)		154,162		122,958		64,213

Standardized Measure of Discounted Future Cash Flows Relating to Proved Reserves Disclosure [Table Text Block]

	December 31,
	2023			2022			2021
Future cash inflows	$	9,706,290		$	10,159,310		$	3,668,535
Future production costs		(2,869,377	)		(2,289,852	)		(824,865	)
Future development costs (1)		(1,568,033	)		(983,732	)		(432,370	)
Future income tax expense		(680,894	)		(1,102,156	)		(431,737	)
Future net cash flows		4,587,986			5,783,570			1,979,563
Discount to present value at 10% annual rate		(1,980,282	)		(2,367,062	)		(860,754	)
Standardized measure of discounted future net cash flows (1)	$	2,607,704		$	3,416,508		$	1,118,809

Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows [Table Text Block]

	Year Ended December 31,
	2023			2022			2021
Standardized measure of discounted future net cash flows, beginning of year	$	3,416,508		$	1,118,809		$	222,192
Sales of crude oil and natural gas, net of production costs		(907,459	)		(647,647	)		(184,325	)
Extensions and discoveries, net of future development costs (1)		1,202,674			1,785,822			987,689
Net changes in prices and production costs		(1,404,147	)		909,053			272,889
Changes in estimated future development costs (1)		(37,820	)		(23,647	)		(13,551	)
Purchases of minerals-in-place		4,344			499,478			31,353
Sales of reserves-in-place		(25,069	)		—			(3,067	)
Revisions of previous quantity estimates		(390,282	)		(354,868	)		(40,466	)
Accretion of discount		395,656			134,338			23,419
Net changes in income taxes		266,579			(315,478	)		(212,574	)
Net changes in timing of production and other		86,720			310,648			35,250
Standardized measure of discounted future net cash flows, end of year (1)	$	2,607,704		$	3,416,508		$	1,118,809