Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Segment Information - Segment Activity of Continuing Operations (Details)

v3.23.1
Note 4 - Segment Information - Segment Activity of Continuing Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Crude oil, natural gas and natural gas liquids sales $ 80,403 $ 68,656
Production expense 28,200 18,360
Exploration expense 8 127
Depreciation, depletion and amortization 24,417 4,673
General and administrative expense 5,224 4,994
Accounts Receivable, Credit Loss Expense (Reversal) 935 492
Total operating costs and expenses 58,784 28,646
Operating income (loss) 21,619 40,005
Derivative instruments gain (loss), net 21 (31,758)
Interest expense, net (2,246) (3)
Other expense, net (1,140) (696)
Total other expense, net (3,365) (32,457)
Income (loss) from continuing operations before income taxes 18,254 7,548
Income tax expense 14,771 (4,628)
Income (loss) from continuing operations 3,483 12,176
Loss from discontinued operations, net of tax (13) (12)
Net income 3,470 12,164
Consolidated capital expenditures 25,425 [1] 31,780
Crude oil and natural gas sales 80,403 68,656
Production expense 28,200 18,360
Exploration expense 8 127
General and administrative expense 5,224 4,994
Total operating costs and expenses 58,784 28,646
Other operating expense, net 0 (5)
Derivative instruments loss, net 21 (31,758)
Interest (expense) income, net (2,246) (3)
Other expense, net (1,140) (696)
Total other expense, net (3,365) (32,457)
Income from continuing operations before income taxes 18,254 7,548
Income (loss) from continuing operations 3,483 12,176
Loss from discontinued operations, net of tax (13) (12)
Net income (loss) 3,470 12,164
Consolidated capital expenditures 25,425 [1] 31,780
Corporate, Non-Segment [Member]    
Crude oil, natural gas and natural gas liquids sales 0 0
Production expense 59 60
Exploration expense 0 0
Depreciation, depletion and amortization 66 20
General and administrative expense 4,298 4,302
Accounts Receivable, Credit Loss Expense (Reversal) 0 0
Total operating costs and expenses 4,423 4,382
Operating income (loss) (4,423) (4,382)
Derivative instruments gain (loss), net 21 (31,758)
Interest expense, net 73 3
Other expense, net (1,656) (57)
Total other expense, net (1,562) (31,812)
Income (loss) from continuing operations before income taxes (5,985) (36,194)
Income tax expense 3,201 (12,486)
Income (loss) from continuing operations (9,186) (23,708)
Loss from discontinued operations, net of tax (13) (12)
Net income (9,199) (23,720)
Consolidated capital expenditures 0 [1] 0
Crude oil and natural gas sales 0 0
Production expense 59 60
Exploration expense 0 0
General and administrative expense 4,298 4,302
Total operating costs and expenses 4,423 4,382
Other operating expense, net   0
Derivative instruments loss, net 21 (31,758)
Interest (expense) income, net 73 3
Other expense, net (1,656) (57)
Total other expense, net (1,562) (31,812)
Income from continuing operations before income taxes (5,985) (36,194)
Income (loss) from continuing operations (9,186) (23,708)
Loss from discontinued operations, net of tax (13) (12)
Net income (loss) (9,199) (23,720)
Consolidated capital expenditures 0 [1] 0
Gabon Segment [Member] | Operating Segments [Member]    
Crude oil, natural gas and natural gas liquids sales 36,737 68,656
Production expense 14,415 18,081
Exploration expense 8 127
Depreciation, depletion and amortization 9,845 4,653
General and administrative expense 618 593
Accounts Receivable, Credit Loss Expense (Reversal) 935 492
Total operating costs and expenses 25,821 23,946
Operating income (loss) 10,916 44,705
Derivative instruments gain (loss), net 0 0
Interest expense, net (1,507) (6)
Other expense, net 517 (638)
Total other expense, net (990) (644)
Income (loss) from continuing operations before income taxes 9,926 44,061
Income tax expense 6,578 7,858
Income (loss) from continuing operations 3,348 36,203
Loss from discontinued operations, net of tax 0 0
Net income 3,348 36,203
Consolidated capital expenditures 3,689 [1] 31,780
Crude oil and natural gas sales 36,737 68,656
Production expense 14,415 18,081
Exploration expense 8 127
General and administrative expense 618 593
Total operating costs and expenses 25,821 23,946
Other operating expense, net   (5)
Derivative instruments loss, net 0 0
Interest (expense) income, net (1,507) (6)
Other expense, net 517 (638)
Total other expense, net (990) (644)
Income from continuing operations before income taxes 9,926 44,061
Income (loss) from continuing operations 3,348 36,203
Loss from discontinued operations, net of tax 0 0
Net income (loss) 3,348 36,203
Consolidated capital expenditures 3,689 [1] 31,780
Egypt [Member] | Operating Segments [Member]    
Crude oil, natural gas and natural gas liquids sales 34,784  
Production expense 11,110  
Exploration expense 0  
Depreciation, depletion and amortization 10,795  
General and administrative expense 179  
Accounts Receivable, Credit Loss Expense (Reversal) 0  
Total operating costs and expenses 22,084  
Operating income (loss) 12,700  
Interest expense, net (808)  
Other expense, net 0  
Total other expense, net (808)  
Income (loss) from continuing operations before income taxes 11,892  
Income tax expense 4,992  
Income (loss) from continuing operations 6,900  
Loss from discontinued operations, net of tax 0  
Net income 6,900  
Consolidated capital expenditures [1] 11,571  
Crude oil and natural gas sales 34,784  
Production expense 11,110  
Exploration expense 0  
General and administrative expense 179  
Total operating costs and expenses 22,084  
Interest (expense) income, net (808)  
Other expense, net 0  
Total other expense, net (808)  
Income from continuing operations before income taxes 11,892  
Income (loss) from continuing operations 6,900  
Loss from discontinued operations, net of tax 0  
Net income (loss) 6,900  
Consolidated capital expenditures [1] 11,571  
Canada [Member] | Operating Segments [Member]    
Crude oil, natural gas and natural gas liquids sales 8,882  
Production expense 2,254  
Exploration expense 0  
Depreciation, depletion and amortization 3,711  
General and administrative expense 0  
Accounts Receivable, Credit Loss Expense (Reversal) 0  
Total operating costs and expenses 5,965  
Operating income (loss) 2,917  
Interest expense, net (4)  
Other expense, net 0  
Total other expense, net (4)  
Income (loss) from continuing operations before income taxes 2,913  
Income tax expense 0  
Income (loss) from continuing operations 2,913  
Loss from discontinued operations, net of tax 0  
Net income 2,913  
Consolidated capital expenditures [1] 10,165  
Crude oil and natural gas sales 8,882  
Production expense 2,254  
Exploration expense 0  
General and administrative expense 0  
Total operating costs and expenses 5,965  
Interest (expense) income, net (4)  
Other expense, net 0  
Total other expense, net (4)  
Income from continuing operations before income taxes 2,913  
Income (loss) from continuing operations 2,913  
Loss from discontinued operations, net of tax 0  
Net income (loss) 2,913  
Consolidated capital expenditures [1] 10,165  
Equatorial Guinea Segment [Member] | Operating Segments [Member]    
Crude oil, natural gas and natural gas liquids sales 0 0
Production expense 362 219
Exploration expense 0 0
Depreciation, depletion and amortization 0 0
General and administrative expense 129 99
Accounts Receivable, Credit Loss Expense (Reversal) 0 0
Total operating costs and expenses 491 318
Operating income (loss) (491) (318)
Derivative instruments gain (loss), net   0
Interest expense, net 0 0
Other expense, net (1) (1)
Total other expense, net (1) (1)
Income (loss) from continuing operations before income taxes (492) (319)
Income tax expense 0 0
Income (loss) from continuing operations (492) (319)
Loss from discontinued operations, net of tax 0 0
Net income (492) (319)
Consolidated capital expenditures 0 [1] 0
Crude oil and natural gas sales 0 0
Production expense 362 219
Exploration expense 0 0
General and administrative expense 129 99
Total operating costs and expenses 491 318
Other operating expense, net   0
Derivative instruments loss, net   0
Interest (expense) income, net 0 0
Other expense, net (1) (1)
Total other expense, net (1) (1)
Income from continuing operations before income taxes (492) (319)
Income (loss) from continuing operations (492) (319)
Loss from discontinued operations, net of tax 0 0
Net income (loss) (492) (319)
Consolidated capital expenditures $ 0 [1] $ 0
[1] Excludes assets acquired in the TransGlobe acquisition.