Note 5 - Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Noncash derivative gain (loss), net	$	33,775		$	(15,883	)	$	(11,514	)	$	(9,866	)
Cash payments on settled derivatives, net		(1,441	)		(13,772	)		(11,897	)		(21,032	)
Derivative gain (loss), net	$	32,334		$	(29,655	)	$	(23,411	)	$	(30,898	)

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:
Oct – Dec	2024	Swap		8,500	WTI Cushing	$	74.12	$	—	$	—	$	—
Oct – Dec	2024	Basis Swap		25,000	Argus WTI Midland	$	1.12	$	—	$	—	$	—
Oct – Dec	2024	Collar		13,667	WTI Cushing	$	—	$	64.41	$	87.47	$	1.43
Oct – Dec	2024	Put		9,000	WTI Cushing	$	—	$	65.78	$	—	$	5.00
Jan – Mar	2025	Swap		7,467	WTI Cushing	$	74.69	$	—	$	—	$	—
Jan – Mar	2025	Collar		11,000	WTI Cushing	$	—	$	63.64	$	86.66	$	1.54
Jan – Mar	2025	Put		9,000	WTI Cushing	$	—	$	65.78	$	—	$	5.00
Apr – Jun	2025	Swap		5,500	WTI Cushing	$	76.37	$	—	$	—	$	—
Apr – Jun	2025	Collar		7,989	WTI Cushing	$	—	$	64.38	$	88.55	$	2.00
Apr – Jun	2025	Put		9,000	WTI Cushing	$	—	$	65.78	$	—	$	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		9,000	WTI Cushing	$	—	$	65.78	$	—	$	5.00

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

	As of September 30, 2024
Mercuria Energy Trading SA	$	11,792
Fifth Third Bank, National Association		7,178
Wells Fargo Bank, National Association		3,609
Macquarie Bank Limited		327
	$	22,906