VAALCO Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Note 1 - Organization and Accounting Policies - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets, Fair Value Disclosure, Total	$ 348
Liabilities, Fair Value Disclosure, Total	544	$ 5,415
Derivative liability - crude oil swaps	0	4,806
Prepayments and Other [Member]
Derivative asset	348
Accrued Liabilities and Other [Member]
SARs liability	544	609
Derivative liability - crude oil swaps		4,806
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure, Total	0
Liabilities, Fair Value Disclosure, Total	0	0
Fair Value, Inputs, Level 1 [Member] \| Prepayments and Other [Member]
Derivative asset	0
Fair Value, Inputs, Level 1 [Member] \| Accrued Liabilities and Other [Member]
SARs liability	0	0
Derivative liability - crude oil swaps		0
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure, Total	348
Liabilities, Fair Value Disclosure, Total	544	5,415
Fair Value, Inputs, Level 2 [Member] \| Prepayments and Other [Member]
Derivative asset	348
Fair Value, Inputs, Level 2 [Member] \| Accrued Liabilities and Other [Member]
SARs liability	544	609
Derivative liability - crude oil swaps		4,806
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure, Total	0
Liabilities, Fair Value Disclosure, Total	0	0
Fair Value, Inputs, Level 3 [Member] \| Prepayments and Other [Member]
Derivative asset	0
Fair Value, Inputs, Level 3 [Member] \| Accrued Liabilities and Other [Member]
SARs liability	$ 0	0
Derivative liability - crude oil swaps		$ 0