XML 97 R75.htm IDEA: XBRL DOCUMENT v3.25.0.1
Note 17 - Supplemental Crude Oil and Natural Gas Disclosures (Unaudited) - Changes in Standardized Measure of Discounted Future (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Standardized measure of discounted future net cash flows, beginning of year $ 2,607,704 [1] $ 3,416,508 [1] $ 1,118,809
Sales of crude oil and natural gas, net of production costs (877,493) (907,459) (647,647)
Extensions and discoveries, net of future development costs (1) [1] 772,541 1,202,674 1,785,822
Net changes in prices and production costs (547,790) (1,404,147) 909,053
Changes in estimated future development costs (3) [1] 110,664 (37,820) (23,647)
Purchases of minerals-in-place 0 4,344 499,478
Sales of reserves-in-place 0 (25,069) 0
Revisions of previous quantity estimates 361,064 (390,282) (354,868)
Accretion of discount 288,117 395,656 134,338
Net changes in income taxes (1) (130,265) 266,579 (315,478)
Net changes in timing of production and other 410,455 86,720 310,648
Standardized measure of discounted future net cash flows, end of year (3) [1] $ 2,994,997 $ 2,607,704 $ 3,416,508
[1] The standardized measure of discounted future net cash flows reflects, within the category for future development costs, all estimated future costs that will be incurred to settle our asset retirement obligations, including costs for dismantlement, restoration, and abandonment of the existing wells (including both active and inactive wells on leases and future proved undeveloped locations), in each case in compliance with FASB ASC 932-235-50-36.