Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Derivatives and Fair Value (Tables)

v3.23.1
Note 8 - Derivatives and Fair Value (Tables)
3 Months Ended
Mar. 31, 2023
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)

 

April 2023 - June 2023

Collars

Dated Brent

    95,500     $ 65.00     $ 100.00  

Settlement Period

Type of Contract

Index

Average Monthly Volumes

Weighted Average Put Price

Weighted Average Call Price

     

(Bbls)

(per Bbl)

(per Bbl)

July 2023 - September 2023

Collars

Dated Brent

  95,000 $ 65.00 $ 96.00
Schedule of Derivative Instruments [Table Text Block]
       

Three Months Ended March 31,

 

Derivative Item

 

Statements of Operations Line

 

2023

   

2022

 
       

(in thousands)

 

Commodity derivatives

 

Cash settlements paid on matured derivative contracts, net

  $ (59 )   $ (12,500 )
   

Unrealized gain (loss)

    80       (19,258 )
   

Derivative instruments gain (loss), net

  $ 21     $ (31,758 )