Note 12 - Income Taxes (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

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

	Three Months Ended June 30,					Six Months Ended June 30,
	2025		2024			2025		2024
Current income tax expense:
Federal	$	—	$	(110	)	$	—	$	276
State		—		78			—		301
Total current income tax expense		—		(32	)		—		577
Deferred income tax expense:
Federal		7,262		13,848			16,834		15,313
State		401		434			768		657
Deferred income tax expense		7,663		14,282			17,602		15,970
Total provision for income taxes	$	7,663	$	14,250		$	17,602	$	16,547

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Provision for income taxes at U.S. federal statutory rate	$	7,106		$	9,233		$	16,824		$	11,067
State deferred income taxes		401			496			768			895
Limited tax benefit due to stock-based compensation		108			4,059			(4	)		4,436
Other, net		48			462			14			149
Provision for income taxes	$	7,663		$	14,250		$	17,602		$	16,547
Effective income tax rate		22.6	%		32.4	%		22.0	%		31.4	%

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

	June 30, 2025			December 31, 2024
Deferred tax assets:
Interest expense limitations	$	82,796		$	73,013
Net operating loss carryforwards		18,873			13,089
Stock-based compensation		3,248			3,351
Other		27			35
Less: Valuation allowance		—			—
Deferred tax assets		104,944			89,488
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		(351,407	)		(321,411	)
Unrecognized derivative gains, net		(3,537	)		(475	)
Deferred tax liabilities		(354,944	)		(321,886	)
Net deferred tax liabilities	$	(250,000	)	$	(232,398	)