XML 92 R74.htm IDEA: XBRL DOCUMENT v3.24.0.1
Note 17 - Supplemental Crude Oil and Natural Gas Disclosures (Unaudited) - Changes in Standardized Measure of Discounted Future (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Standardized measure of discounted future net cash flows, beginning of year $ 3,416,508 [1] $ 1,118,809 [1] $ 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] 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 (3) [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) 0 (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 (1) 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 (3) [1] $ 2,607,704 $ 3,416,508 $ 1,118,809
[1] The standardized measure of discounted future net cash flows reflects, within the category for future development costs, all estimated future costs that will be incurred to settle our asset retirement obligations, including costs for dismantlement, restoration, and abandonment of the existing wells (including both active and inactive wells on leases and future proved undeveloped locations), in each case in compliance with FASB ASC 932-235-50-36.