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Note 10 - Derivatives and Fair Value (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Settlement Period

 

Type of Contract

 

Index

 

Average Monthly Volumes

  

Weighted Average Put Price

  

Weighted Average Call Price

 
      

(Bbls)

  

(per Bbl)

  

(per Bbl)

 

January 2023 to March 2023

 

Collars

 

Dated Brent

  101,000  $65.00  $120.00 

Settlement Period

Type of Contract

Index

 

Average Monthly Volumes

  

Weighted Average Put Price

  

Weighted Average Call Price

 
    

(Bbls)

  

(per Bbl)

  

(per Bbl)

 

April 2023 to June 2023

Collars

Dated Brent

  95,500  $65.00  $100.00 

July 2023 to September 2023

Collars

Dated Brent

  95,500  $65.00  $96.00 
Schedule of Derivative Instruments [Table Text Block]
    

Year Ended December 31,

 

Derivative Item

 

Statement of Operations Line

 

2022

  

2021

  

2020

 
    

(in thousands)

 

Commodity derivatives

 

Cash settlements paid on matured derivative contracts, net

 $(42,935) $(18,020) $7,216 
  

Unrealized gain (loss)

  5,123   (4,806)  (639)
  

Derivative instruments gain (loss), net

 $(37,812) $(22,826) $

6,577