Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

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

	Year Ended December 31,
	2024		2023		2022
Current income tax expense:
Federal	$	52	$	—	$	—
State		469		—		—
Total current income tax expense		521		—		—
Deferred income tax expense:
Federal		1,585		63,002		73,026
State		33,745		2,903		2,335
Deferred income tax expense		35,330		65,905		75,361
Total income tax expense	$	35,851	$	65,905	$	75,361

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

	Year Ended December 31,
	2024			2023			2022
Income tax expense at U.S. federal statutory rate	$	27,493		$	59,172		$	65,565
Limited tax benefit due to wage and stock-based compensation		6,387			3,811			7,362
State deferred income taxes		1,955			2,903			2,335
Other, net		16			19			99
Income tax expense	$	35,851		$	65,905		$	75,361
Effective income tax rate		27.4	%		23.4	%		24.1	%

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

	December 31,
	2024			2023
Deferred tax assets:
Interest expense limitations	$	73,013		$	41,352
Net operating loss carryforwards		13,089			13,503
Stock-based compensation		3,351			6,332
Other		35			36
Unrecognized derivative losses, net		—			—
Less: Valuation allowance		—			—
Deferred tax assets		89,488			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		(321,411	)		(250,859	)
Unrecognized derivative gains, net		(475	)		(7,432	)
Deferred tax liabilities		(321,886	)		(258,291	)
Net deferred tax liabilities	$	(232,398	)	$	(197,068	)