Note 5 - Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Noncash derivative gain (loss), net	$	2,606		$	703		$	(45,289	)	$	6,017
Cash payments on settled derivatives, net		(5,308	)		(5,066	)		(10,456	)		(7,260	)
Derivative loss, net	$	(2,702	)	$	(4,363	)	$	(55,745	)	$	(1,243	)

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:
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 June 30, 2024
Macquarie Bank Limited	$	(7,251	)
Mercuria Energy Trading SA		(1,950	)
Wells Fargo Bank, National Association		(1,858	)
Fifth Third Bank, National Association		190
	$	(10,869	)