Note 3 - Acquisitions and Dispositions (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

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

	October 13, 2022		Measurement Period Adjustment		October 13, 2022 (As Adjusted)
	(in thousands)		(in thousands)		(in thousands)
Purchase Consideration
Common stock issued to TransGlobe shareholders	$	274,145	$	—	$	274,145

	October 13, 2022			October 13, 2022			October 13, 2022
	(in thousands)			(in thousands)			(in thousands)
Assets acquired:
Cash	$	36,686		$	—		$	36,686
Wells, platforms and other production facilities		243,669			—			243,669
Equipment and other		2,099			—			2,099
Undeveloped acreage		30,216			—			30,216
Accounts receivable - trade		48,068			—			48,068
Accounts receivable - other		50,275			—			50,275
Accounts with joint venture owners		68			—			68
Right of use operating leases		1,609			—			1,609
Right of use financing leases		204			—			204
Prepayment and other		7,627			—			7,627
Liabilities assumed:								-
Asset retirement obligations		(6,134	)		—			(6,134	)
Accounts payable		(10,223	)		—			(10,223	)
Accrued liabilities and other		(50,128	)		—			(50,128	)
Operating lease liabilities - current portion		(961	)		—			(961	)
Financing lease liabilities - current portion		(125	)		—			(125	)
Operating lease liabilities - net of current portion		(688	)		—			(688	)
Financing lease liabilities - net of current portion		(21	)		—			(21	)
Deferred tax liabilities		(40,964	)		(1,412	)		(42,376	)
Other long-term liabilities		(26,313	)		—			(26,313	)
Bargain purchase gain		(10,819	)		1,412			(9,407	)
Total purchase price	$	274,145		$	—		$	274,145

Business Acquisition, Pro Forma Information [Table Text Block]

	Three Months Ended March 31,
	2022
	(in thousands)
Pro forma (unaudited):
Crude oil, natural gas and natural gas liquids sales	$	121,127	(a)
Operating income	$	61,427	(b)
Net income	$	31,039	(c)
Basic net income per share:	$	0.29
Basic weighted average shares outstanding		108,009
Diluted net income per share:	$	0.29
Diluted weighted average shares outstanding		108,486