Note 13 - Income Taxes (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

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

	Three Months Ended June 30,					Six Months Ended June 30,
	2024			2023		2024		2023
Current income tax expense:
Federal	$	(110	)	$	—	$	276	$	—
State		78			—		301		—
Total current income tax expense		(32	)		—		577		—
Deferred income tax expense:
Federal		13,848			9,121		15,313		23,041
State		434			523		657		1,110
Deferred income tax expense		14,282			9,644		15,970		24,151
Total income tax expense	$	14,250		$	9,644	$	16,547	$	24,151

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Income tax expense at U.S. federal statutory rate	$	9,233		$	8,709		$	11,067		$	22,309
Limited tax benefit due to stock-based compensation		4,059			451			4,436			740
State deferred income taxes		496			523			895			1,110
Other, net		462			(39	)		149			(8	)
Income tax expense	$	14,250		$	9,644		$	16,547		$	24,151
Effective income tax rate		32.4	%		23.3	%		31.4	%		22.7	%

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

	June 30, 2024			December 31, 2023
Deferred tax assets:
Interest expense limitations	$	57,010		$	41,352
Net operating loss carryforwards		12,399			13,503
Stock-based compensation		3,270			6,332
Unrecognized derivative losses, net		2,347			—
Other		34			36
Less: Valuation allowance		—			—
Deferred tax assets		75,060			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		(287,950	)		(250,859	)
Other		(148	)		—
Unrecognized derivative gains, net		—			(7,432	)
Deferred tax liabilities		(288,098	)		(258,291	)
Net deferred tax liabilities	$	(213,038	)	$	(197,068	)