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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Crude oil, natural gas and natural gas liquids sales $ 359,272 $ 478,988 $ 455,066
Operating costs and expenses:      
Production expense 158,177 163,500 153,157
FPSO demobilization and other costs 0 0 7,484
Exploration expense 8,914 48 1,965
Depreciation, depletion and amortization 109,978 143,034 115,302
Impairment loss on assets held for sale 67,224 0 0
General and administrative expense 33,089 29,684 23,840
Credit (recovery) losses and other 106 6,304 (4,906)
Total operating costs and expenses 377,488 342,570 296,842
Other operating income (expense), net (2,391) 78 433
Operating income (loss) (20,607) 136,496 158,657
Other income (expense):      
Derivative instruments gain (loss), net 2,876 (745) 232
Interest expense, net (8,243) (3,732) (6,452)
Bargain purchase gain and measurement period adjustment 0 13,532 (1,412)
Other expense, net (595) (5,754) (894)
Total other income (expense), net (5,962) 3,301 (8,526)
Income (loss) before income taxes (26,569) 139,797 150,131
Income tax (benefit) expense 14,822 81,307 89,777
Net income (loss) (41,391) 58,490 60,354
Other comprehensive income (loss)      
Currency translation adjustments 4,464 (7,842) 1,701
Comprehensive income (loss) $ (36,927) $ 50,648 $ 62,055
Basic net income (loss) per share:      
Net income (loss) per share (in dollars per share) $ (0.40) $ 0.56 $ 0.56
Basic weighted average shares outstanding (in shares) 104,055 103,669 106,376
Diluted net income (loss) per share:      
Net income (loss) per share (in dollars per share) $ (0.40) $ 0.56 $ 0.56
Diluted weighted average shares outstanding (in shares) 104,055 103,747 106,555