Note 5 - Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

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

	Three Months Ended March 31,
	2024			2023
Noncash gain (loss) on derivative instruments, net	$	(47,895	)	$	5,314
Cash paid on settlement of derivative instruments, net		(5,148	)		(2,194	)
Gain (loss) on derivative instruments, net	$	(53,043	)	$	3,120

Schedule of Price Risk Derivatives [Table Text Block]

						Swaps		Enhanced Collars & Deferred Premium Puts
Settlement Month	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:
Apr – Jun	2024	Swap		4,000	WTI Cushing	$	84.00	$	—	$	—	$	—
Apr – Jun	2024	Basis Swap		25,000	Argus WTI Midland	$	1.12	$	—	$	—	$	—
Apr – Jun	2024	Collar		5,500	WTI Cushing	$	—	$	69.73	$	95.00	$	0.61
Apr – Jun	2024	Put		14,000	WTI Cushing	$	—	$	60.41	$	—	$	5.00
Jul – Sep	2024	Swap		4,000	WTI Cushing	$	84.00	$	—	$	—	$	—
Jul – Sep	2024	Basis Swap		25,000	Argus WTI Midland	$	1.12	$	—	$	—	$	—
Jul – Sep	2024	Collar		1,500	WTI Cushing	$	—	$	69.00	$	95.00	$	0.85
Jul – Sep	2024	Put		14,000	WTI Cushing	$	—	$	60.41	$	—	$	5.00
Oct – Dec	2024	Swap		5,500	WTI Cushing	$	76.37	$	—	$	—	$	—
Oct – Dec	2024	Basis Swap		25,000	Argus WTI Midland	$	1.12	$	—	$	—	$	—
Oct – Dec	2024	Collar		10,600	WTI Cushing	$	—	$	65.68	$	90.32	$	1.85
Oct – Dec	2024	Put		2,000	WTI Cushing	$	—	$	58.00	$	—	$	5.00
Jan – Mar	2025	Swap		5,500	WTI Cushing	$	76.37	$	—	$	—	$	—
Jan – Mar	2025	Collar		8,000	WTI Cushing	$	—	$	65.00	$	90.00	$	2.12
Jan – Mar	2025	Put		2,000	WTI Cushing	$	—	$	58.00	$	—	$	5.00
Apr – Jun	2025	Swap		5,500	WTI Cushing	$	76.37	$	—	$	—	$	—
Apr – Jun	2025	Collar		7,000	WTI Cushing	$	—	$	65.00	$	90.08	$	2.28
Apr – Jun	2025	Put		2,000	WTI Cushing	$	—	$	58.00	$	—	$	5.00
Jul – Sep	2025	Swap		3,000	WTI Cushing	$	75.85	$	—	$	—	$	—
Jul – Sep	2025	Collar		7,000	WTI Cushing	$	—	$	65.00	$	90.08	$	2.28
Jul – Sep	2025	Put		2,000	WTI Cushing	$	—	$	58.00	$	—	$	5.00

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

	As of March 31, 2024
Macquarie Bank Limited	$	(11,413	)
Wells Fargo Bank, National Association		(1,629	)
Mercuria Energy Trading SA		(806	)
Fifth Third Bank, National Association		373
	$	(13,475	)