Note 13 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

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

	Three Months Ended March 31,
	2024		2023
Provision for current income taxes:
Federal	$	386	$	—
State		223		—
Total provision for current income taxes		609		—
Provision for deferred income taxes:
Federal		1,465		13,920
State		223		587
Total provision for deferred income taxes		1,688		14,507
Total provision for income taxes	$	2,297	$	14,507

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

	Three Months Ended March 31,
	2024			2023
Provision for income taxes at U.S. federal statutory rate	$	1,834		$	13,600
Limited tax benefit due to stock-based compensation		377			289
State deferred income taxes		399			587
Other, net		(313	)		31
Provision for income taxes	$	2,297		$	14,507
Effective income tax rate		26.3	%		22.4	%

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

	March 31, 2024			December 31, 2023
Deferred tax assets:
Interest expense limitations	$	48,716		$	41,352
Net operating loss carryforwards		11,960			13,503
Stock-based compensation		6,753			6,332
Unrecognized derivative losses, net		2,909			—
Other		237			36
Less: Valuation allowance		—			—
Deferred tax assets		70,575			61,223
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		(269,332	)		(250,859	)
Unrecognized derivative gains, net		—			(7,432	)
Deferred tax liabilities		(269,332	)		(258,291	)
Net deferred tax liabilities	$	(198,757	)	$	(197,068	)