Note 4 - Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	October 13, 2022
	(in thousands)
Purchase Consideration
Common stock issued to TransGlobe shareholders	$	274,145

	October 13, 2022
	(in thousands)
Assets acquired:
Cash	$	36,686
Wells, platforms and other production facilities		243,669
Equipment and other		2,099
Undeveloped acreage		30,216
Accounts receivable - trade		48,068
Accounts receivable - other		50,275
Accounts with joint venture owners		68
Right of use operating leases		1,609
Right of use financing leases		204
Prepayment and other		7,627
Liabilities assumed:
Asset retirement obligations		(6,134	)
Accounts payable		(10,223	)
Accrued liabilities and other		(50,128	)
Operating lease liabilities - current portion		(961	)
Financing lease liabilities - current portion		(125	)
Operating lease liabilities - net of current portion		(688	)
Financing lease liabilities - net of current portion		(21	)
Deferred tax liabilities		(40,964	)
Other long-term liabilities		(26,313	)
Bargain purchase gain		(10,819	)
Total purchase price	$	274,145

	February 25, 2021
	(in thousands)
Purchase Consideration
Cash	$	33,959
Fair value of contingent consideration		4,647
Total purchase consideration	$	38,606

	February 25, 2021
	(in thousands)
Assets acquired:
Wells, platforms and other production facilities	$	37,176
Equipment and other		5,568
Value added tax and other receivables		1,234
Abandonment funding		11,781
Accounts receivable - trade		11,220
Other current assets		3,963
Liabilities assumed:
Asset retirement obligations		(14,564	)
Accrued liabilities and other		(10,121	)
Bargain purchase gain		(7,651	)
Total purchase price	$	38,606

Business Acquisition, Pro Forma Information [Table Text Block]

	Year Ended December 31,
	2022			2021
	(in thousands)
Pro forma (unaudited)
Crude oil and natural gas sales	$	547,670	(a)	$	367,210	(a)
Operating income	$	267,582	(b)	$	104,924	(c)
Net income	$	130,425	(d)	$	54,534	(e,f)
Basic net income per share:
Income from continuing operations	$	1.21		$	0.51
Loss from discontinued operations, net of tax		-			-
Net income per share	$	1.21		$	0.51
Basic weighted average shares outstanding		108,206			107,537
Diluted net income per share:
Income from continuing operations	$	1.20		$	0.50
Loss from discontinued operations, net of tax		-			-
Net income per share	$	1.20		$	0.50
Diluted weighted average shares outstanding		108,642			108,062