10-Q Filing

HighPeak Energy, Inc. CIK: 1792849 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001437749-22-027261`
Period End Date	20220930
Filing Date	20221114
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	hpe20220930_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 93 Cash Flow Statement 90 Stockholders Equity 66

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.35M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$39.38M	USD	Point-in-time
Preferred Stock, Shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$83.20M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Derivatives	`DerivativeAssetsCurrent`	$17.26M	USD	Point-in-time
Derivatives	`DerivativeAssetsCurrent`	$2.20M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$3.30M	USD	Point-in-time
Inventory	`InventoryNet`	$8.18M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.15M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.69M	USD	Point-in-time
Common Stock, Shares, Issued (in shares)	`CommonStockSharesIssued`	96.77M	shares	Point-in-time
Common Stock, Shares, Issued (in shares)	`CommonStockSharesIssued`	113.16M	shares	Point-in-time
Deposits	`DepositsAssetsCurrent`	-	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$50.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	113.16M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	96.77M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$148.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$86.95M	USD	Point-in-time
Proved properties	`ProvedOilAndGasPropertySuccessfulEffortMethod`	$1.90B	USD	Point-in-time
Proved properties	`ProvedOilAndGasPropertySuccessfulEffortMethod`	$699.70M	USD	Point-in-time
Unproved properties	`UnprovedOilAndGasPropertySuccessfulEffortMethod`	$108.39M	USD	Point-in-time
Unproved properties	`UnprovedOilAndGasPropertySuccessfulEffortMethod`	$157.05M	USD	Point-in-time
Accumulated depletion, depreciation and amortization	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$82.48M	USD	Point-in-time
Accumulated depletion, depreciation and amortization	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$176.80M	USD	Point-in-time
Total crude oil and natural gas properties, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$1.88B	USD	Point-in-time
Total crude oil and natural gas properties, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$725.62M	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.60M	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.55M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$4.79M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$6.66M	USD	Point-in-time
Total assets	`Assets`	$818.96M	USD	Point-in-time
Total assets	`Assets`	$2.04B	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$38.14M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$124.02M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$101.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$32.23M	USD	Point-in-time
Revenues and royalties payable	`AccruedRoyaltiesCurrent`	$12.81M	USD	Point-in-time
Revenues and royalties payable	`AccruedRoyaltiesCurrent`	$7.50M	USD	Point-in-time
Derivatives	`DerivativeLiabilitiesCurrent`	$13.59M	USD	Point-in-time
Derivatives	`DerivativeLiabilitiesCurrent`	$11.07M	USD	Point-in-time
Advances from joint interest owners	`AdvancesFromJointInterestOwnersForCostsIncurredOnJointInterestWells`	$10.84M	USD	Point-in-time
Advances from joint interest owners	`AdvancesFromJointInterestOwnersForCostsIncurredOnJointInterestWells`	$7.56M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.59M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$692.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$260.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.00M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$97.93M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$561.76M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$55.80M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$111.16M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$4.26M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$8.25M	USD	Point-in-time
Derivatives	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Derivatives	`DerivativeLiabilitiesNoncurrent`	$4.08M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$831.00K	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at September 30, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at September 30, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 113,162,827 and 96,774,185 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$10.00K	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 113,162,827 and 96,774,185 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$617.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.00B	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-64.44M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$95.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$900.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$474.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$493.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$553.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$486.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.10B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$693.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$489.91M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.04B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$818.96M	USD	Point-in-time

Income Statement 93 line items

Line Item	Tag	Value	Unit	Period
Crude oil sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$121.46M	USD	3 Qtrs
Crude oil sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$497.77M	USD	3 Qtrs
Crude oil sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$204.11M	USD	1 Quarter
Crude oil sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$47.47M	USD	1 Quarter
Crude oil and natural gas production	`OperatingLeaseExpense`	$45.75M	USD	3 Qtrs
Crude oil and natural gas production	`OperatingLeaseExpense`	$13.63M	USD	3 Qtrs
Crude oil and natural gas production	`OperatingLeaseExpense`	$19.71M	USD	1 Quarter
Crude oil and natural gas production	`OperatingLeaseExpense`	$6.71M	USD	1 Quarter
Production and ad valorem taxes	`ProductionTaxExpense`	$1.78M	USD	1 Quarter
Production and ad valorem taxes	`ProductionTaxExpense`	$25.83M	USD	3 Qtrs
Production and ad valorem taxes	`ProductionTaxExpense`	$5.99M	USD	3 Qtrs
Production and ad valorem taxes	`ProductionTaxExpense`	$10.53M	USD	1 Quarter
Exploration and abandonments	`ExplorationExpense`	$488.00K	USD	1 Quarter
Exploration and abandonments	`ExplorationExpense`	$683.00K	USD	3 Qtrs
Exploration and abandonments	`ExplorationExpense`	$290.00K	USD	1 Quarter
Exploration and abandonments	`ExplorationExpense`	$1.14M	USD	3 Qtrs
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.74M	USD	3 Qtrs
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.92M	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.62M	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$94.53M	USD	3 Qtrs
Accretion of discount	`AssetRetirementObligationAccretionExpense`	$125.00K	USD	1 Quarter
Accretion of discount	`AssetRetirementObligationAccretionExpense`	$116.00K	USD	3 Qtrs
Accretion of discount	`AssetRetirementObligationAccretionExpense`	$44.00K	USD	1 Quarter
Accretion of discount	`AssetRetirementObligationAccretionExpense`	$245.00K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$5.83M	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.67M	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$5.04M	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.88M	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$2.89M	USD	3 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$10.65M	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$29.21M	USD	3 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$905.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$202.08M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$72.55M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$85.80M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$25.51M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$21.96M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$48.91M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$118.31M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$295.69M	USD	3 Qtrs
Interest and other income	`InvestmentIncomeInterest`	$1.00K	USD	1 Quarter
Interest and other income	`InvestmentIncomeInterest`	$1.00K	USD	3 Qtrs
Interest and other income	`InvestmentIncomeInterest`	$253.00K	USD	3 Qtrs
Interest and other income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$14.61M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.15M	USD	3 Qtrs
Interest expense	`InterestExpense`	$947.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$29.14M	USD	3 Qtrs
Derivative gain (loss), net	`GainLossOnDerivativeInstrumentsNetPretax`	$-42.49M	USD	3 Qtrs
Derivative gain (loss), net	`GainLossOnDerivativeInstrumentsNetPretax`	$-10.82M	USD	1 Quarter
Derivative gain (loss), net	`GainLossOnDerivativeInstrumentsNetPretax`	$-24.42M	USD	3 Qtrs
Derivative gain (loss), net	`GainLossOnDerivativeInstrumentsNetPretax`	$35.80M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$127.00K	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$23.21M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$224.31M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$139.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.19M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.68M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$31.60M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$55.36M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-16.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.53M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$168.96M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$77.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$107.90M	USD	1 Quarter
Basic net income (in dollars per share)	`EarningsPerShareBasic`	$0.90	USD	1 Quarter
Basic net income (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	3 Qtrs
Basic net income (in dollars per share)	`EarningsPerShareBasic`	$1.48	USD	3 Qtrs
Basic net income (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Diluted net income (in dollars per share)	`EarningsPerShareDiluted`	$0.85	USD	1 Quarter
Diluted net income (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted net income (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	3 Qtrs
Diluted net income (in dollars per share)	`EarningsPerShareDiluted`	$1.40	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	108.68M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	102.61M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	92.65M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	92.68M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.68M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.72M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.12M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.14M	shares	3 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.03	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.03	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.07	USD	3 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.03	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	3 Qtrs

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-16.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.53M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$168.96M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$77.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$107.90M	USD	1 Quarter
Exploration and abandonment expense	`ExplorationAbandonmentAndImpairmentExpense`	$134.00K	USD	3 Qtrs
Exploration and abandonment expense	`ExplorationAbandonmentAndImpairmentExpense`	$698.00K	USD	3 Qtrs
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.74M	USD	3 Qtrs
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.92M	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.62M	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$94.53M	USD	3 Qtrs
Accretion expense	`AccretionExpenseIncludingAssetRetirementObligations`	$245.00K	USD	3 Qtrs
Accretion expense	`AccretionExpenseIncludingAssetRetirementObligations`	$116.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$29.21M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.89M	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$259.00K	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$3.26M	USD	3 Qtrs
Amortization of original issue discount on senior notes	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Amortization of original issue discount on senior notes	`AmortizationOfDebtDiscountPremium`	$4.61M	USD	3 Qtrs
Derivative-related activity	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-19.40M	USD	3 Qtrs
Derivative-related activity	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$21.66M	USD	3 Qtrs
Derivative-related activity	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-6.84M	USD	1 Quarter
Derivative-related activity	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$38.10M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-4.68M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-55.36M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.17M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$43.82M	USD	3 Qtrs
Prepaid expenses, inventory and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.82M	USD	3 Qtrs
Prepaid expenses, inventory and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.15M	USD	3 Qtrs
Accounts payable, accrued liabilities and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$19.13M	USD	3 Qtrs
Accounts payable, accrued liabilities and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$21.40M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$87.74M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$302.81M	USD	3 Qtrs
Additions to crude oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$154.60M	USD	3 Qtrs
Additions to crude oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$725.11M	USD	3 Qtrs
Changes in working capital associated with crude oil and natural gas property additions	`IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions`	$15.99M	USD	3 Qtrs
Changes in working capital associated with crude oil and natural gas property additions	`IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions`	$142.30M	USD	3 Qtrs
Acquisitions of crude oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	$258.38M	USD	3 Qtrs
Acquisitions of crude oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	$53.28M	USD	3 Qtrs
Proceeds from sales of properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$3.23M	USD	3 Qtrs
Proceeds from sales of properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	-	USD	3 Qtrs
Other property additions	`PaymentsToAcquireOtherProductiveAssets`	$453.00K	USD	3 Qtrs
Other property additions	`PaymentsToAcquireOtherProductiveAssets`	$2.16M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-189.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-843.35M	USD	3 Qtrs
Borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$450.00M	USD	3 Qtrs
Borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$95.00M	USD	3 Qtrs
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$195.00M	USD	3 Qtrs
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Proceeds from issuance of senior unsecured notes, net of discount	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	3 Qtrs
Proceeds from issuance of senior unsecured notes, net of discount	`ProceedsFromIssuanceOfUnsecuredDebt`	$210.18M	USD	3 Qtrs
Proceeds from issuance of common stock in private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$85.00M	USD	3 Qtrs
Proceeds from issuance of common stock in private placement	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.76M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$9.22M	USD	3 Qtrs
Proceeds from exercises of warrants	`ProceedsFromWarrantExercises`	$5.47M	USD	3 Qtrs
Proceeds from exercises of warrants	`ProceedsFromWarrantExercises`	$7.78M	USD	3 Qtrs
Proceeds from subscription receivable from exercises of warrants	`ProceedsFromSubscriptionReceivableFromExercisesOfWarrants`	$3.60M	USD	3 Qtrs
Proceeds from subscription receivable from exercises of warrants	`ProceedsFromSubscriptionReceivableFromExercisesOfWarrants`	-	USD	3 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$120.00K	USD	3 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$1.57M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$9.27M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$7.64M	USD	3 Qtrs
Dividend equivalents paid	`PaymentsOfDividendsEquivalents`	$829.00K	USD	3 Qtrs
Dividend equivalents paid	`PaymentsOfDividendsEquivalents`	$908.00K	USD	3 Qtrs
Stock issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	3 Qtrs
Stock issuance costs	`PaymentsOfStockIssuanceCosts`	$290.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$540.02M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$93.78M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-521.00K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.59M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.35M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.87M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.55M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.97M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.35M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.87M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.55M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.97M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$752.00K	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$18.32M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Stock issued for acquisition	`StockIssued1`	-	USD	3 Qtrs
Stock issued for acquisition	`StockIssued1`	$264.98M	USD	3 Qtrs
Additions to asset retirement obligations	`IncreaseDecreaseInAssetRetirementObligations`	$1.84M	USD	3 Qtrs
Additions to asset retirement obligations	`IncreaseDecreaseInAssetRetirementObligations`	$3.75M	USD	3 Qtrs

Stockholders Equity 66 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.03	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.03	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.07	USD	3 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.03	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	3 Qtrs
Dividend Equivalents, Per Share, Declared (in dollars per share)	`DividendEquivalentsPerShareDeclared`	$0.12	USD	1 Quarter
Dividend Equivalents, Per Share, Declared (in dollars per share)	`DividendEquivalentsPerShareDeclared`	$0.03	USD	1 Quarter
Dividend Equivalents, Per Share, Declared (in dollars per share)	`DividendEquivalentsPerShareDeclared`	$0.03	USD	1 Quarter
Dividend Equivalents, Per Share, Declared (in dollars per share)	`DividendEquivalentsPerShareDeclared`	$0.03	USD	1 Quarter
Balance, December 31, 2021	`StockholdersEquity`	$900.39M	USD	Point-in-time
Balance, December 31, 2021	`StockholdersEquity`	$474.23M	USD	Point-in-time
Balance, December 31, 2021	`StockholdersEquity`	$493.74M	USD	Point-in-time
Balance, December 31, 2021	`StockholdersEquity`	$553.06M	USD	Point-in-time
Balance, December 31, 2021	`StockholdersEquity`	$486.98M	USD	Point-in-time
Balance, December 31, 2021	`StockholdersEquity`	$1.10B	USD	Point-in-time
Balance, December 31, 2021	`StockholdersEquity`	$693.88M	USD	Point-in-time
Balance, December 31, 2021	`StockholdersEquity`	$489.91M	USD	Point-in-time
Dividends declared ($0.025 per share)	`DividendsCash`	$11.59M	USD	1 Quarter
Dividends declared ($0.025 per share)	`DividendsCash`	$2.63M	USD	1 Quarter
Dividends declared ($0.025 per share)	`DividendsCash`	$2.43M	USD	1 Quarter
Dividends declared ($0.025 per share)	`DividendsCash`	$2.73M	USD	1 Quarter
Exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$5.47M	USD	1 Quarter
Exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$6.97M	USD	1 Quarter
Exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$779.00K	USD	1 Quarter
Exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$30.00K	USD	1 Quarter
Dividend equivalents declared on outstanding stock options ($0.025 per share)	`DividendEquivalentsCash`	$1.19M	USD	1 Quarter
Dividend equivalents declared on outstanding stock options ($0.025 per share)	`DividendEquivalentsCash`	$250.00K	USD	1 Quarter
Dividend equivalents declared on outstanding stock options ($0.025 per share)	`DividendEquivalentsCash`	$270.00K	USD	1 Quarter
Dividend equivalents declared on outstanding stock options ($0.025 per share)	`DividendEquivalentsCash`	$249.00K	USD	1 Quarter
Shares issued upon options being exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	12,000.00	shares	3 Qtrs
Shares issued upon options being exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	154,268.00	shares	Annual
Shares issued upon options being exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$75.00K	USD	1 Quarter
Shares issued upon options being exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$45.00K	USD	1 Quarter
Shares issued upon options being exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Shares issued upon options being exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.57M	USD	1 Quarter
Stock issued for acquisition (in shares)	`StockIssuedDuringPeriodSharesAcquisitions`	3.52M	shares	Point-in-time
Stock issued for acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$108.38M	USD	1 Quarter
Stock issued for acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$156.60M	USD	1 Quarter
Compensation costs included in net income	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.43M	USD	1 Quarter
Compensation costs included in net income	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.61M	USD	1 Quarter
Compensation costs included in net income	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$905.00K	USD	1 Quarter
Compensation costs included in net income	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.65M	USD	1 Quarter
Compensation costs included in net income	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.02M	USD	1 Quarter
Compensation costs included in net income	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$966.00K	USD	1 Quarter
Stock issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$232.00K	USD	1 Quarter
Stock issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$3.00K	USD	1 Quarter
Stock issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$55.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-16.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.53M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$168.96M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$77.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$107.90M	USD	1 Quarter
Balance	`StockholdersEquity`	$900.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$474.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$493.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$553.06M	USD	Point-in-time
Balance	`StockholdersEquity`	$486.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.10B	USD	Point-in-time
Balance	`StockholdersEquity`	$693.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$489.91M	USD	Point-in-time
Stock issued in private placement (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	3.93M	shares	Point-in-time
Stock Issued During Period, Value, New Issues	`StockIssuedDuringPeriodValueNewIssues`	$85.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.