Note 13 - Income Taxes (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Current income tax expense:
Federal	$	293	$	—	$	569	$	—
State		218		—		519		—
Total current income tax expense		511		—		1,088		—
Deferred income tax expense:
Federal		14,390		13,347		29,703		36,388
State		537		753		1,194		1,863
Deferred income tax expense		14,927		14,100		30,897		38,251
Total income tax expense	$	15,438	$	14,100	$	31,985	$	38,251

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Income tax expense at U.S. federal statutory rate	$	13,728		$	11,105		$	24,795		$	33,414
Limited tax benefit due to stock-based compensation		861			2,211			5,297			2,951
State deferred income taxes		709			753			1,604			1,863
Other, net		140			31			289			23
Income tax expense	$	15,438		$	14,100		$	31,985		$	38,251
Effective income tax rate		23.6	%		26.7	%		27.1	%		24.0	%

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

	September 30, 2024			December 31, 2023
Deferred tax assets:
Interest expense limitations	$	64,387		$	41,352
Net operating loss carryforwards		11,023			13,503
Stock-based compensation		3,311			6,332
Other		—			36
Less: Valuation allowance		—			—
Deferred tax assets		78,721			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		(301,489	)		(250,859	)
Unrecognized derivative gains, net		(4,946	)		(7,432	)
Other		(252	)		—
Deferred tax liabilities		(306,687	)		(258,291	)
Net deferred tax liabilities	$	(227,966	)	$	(197,068	)