10-Q Filing

HighPeak Energy, Inc. CIK: 1792849 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001437749-23-022314`
Period End Date	20230630
Filing Date	20230807
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	hpe20230630c_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 92 Cash Flow Statement 84 Stockholders Equity 55

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`	$30.27M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.50M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$100.97M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$96.60M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$13.28M	USD	Point-in-time
Inventory	`InventoryNet`	$9.20M	USD	Point-in-time
Preferred Stock, Shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.13M	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
Prepaid expenses	`PrepaidExpenseCurrent`	$3.15M	USD	Point-in-time
Derivatives	`DerivativeAssetsCurrent`	$435.00K	USD	Point-in-time
Derivatives	`DerivativeAssetsCurrent`	$17.00K	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
Total current assets	`AssetsCurrent`	$144.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$144.03M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	113.39M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	113.17M	shares	Point-in-time
Common Stock, Shares, Issued (in shares)	`CommonStockSharesIssued`	113.39M	shares	Point-in-time
Common Stock, Shares, Issued (in shares)	`CommonStockSharesIssued`	113.17M	shares	Point-in-time
Proved properties	`ProvedOilAndGasPropertySuccessfulEffortMethod`	$2.98B	USD	Point-in-time
Proved properties	`ProvedOilAndGasPropertySuccessfulEffortMethod`	$2.27B	USD	Point-in-time
Unproved properties	`UnprovedOilAndGasPropertySuccessfulEffortMethod`	$91.63M	USD	Point-in-time
Unproved properties	`UnprovedOilAndGasPropertySuccessfulEffortMethod`	$114.67M	USD	Point-in-time
Accumulated depletion, depreciation and amortization	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$259.96M	USD	Point-in-time
Accumulated depletion, depreciation and amortization	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$434.01M	USD	Point-in-time
Total crude oil and natural gas properties, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$2.64B	USD	Point-in-time
Total crude oil and natural gas properties, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$2.12B	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.59M	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.59M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$6.43M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$6.77M	USD	Point-in-time
Total assets	`Assets`	$2.28B	USD	Point-in-time
Total assets	`Assets`	$2.79B	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$741.15M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	-	USD	Point-in-time
Accounts payable trade	`AccountsPayableTradeCurrent`	$105.56M	USD	Point-in-time
Accounts payable trade	`AccountsPayableTradeCurrent`	$215.84M	USD	Point-in-time
Accrued capital expenditures	`AccruedCapitalExpendituresCurrent`	$102.73M	USD	Point-in-time
Accrued capital expenditures	`AccruedCapitalExpendituresCurrent`	$91.84M	USD	Point-in-time
Revenues and royalties payable	`AccruedRoyaltiesCurrent`	$15.62M	USD	Point-in-time
Revenues and royalties payable	`AccruedRoyaltiesCurrent`	$36.48M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$15.81M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$15.60M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$13.15M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$14.05M	USD	Point-in-time
Derivatives	`DerivativeLiabilitiesCurrent`	$16.70M	USD	Point-in-time
Derivatives	`DerivativeLiabilitiesCurrent`	$10.70M	USD	Point-in-time
Advances from joint interest owners	`AdvancesFromJointInterestOwnersForCostsIncurredOnJointInterestWells`	$7.30M	USD	Point-in-time
Advances from joint interest owners	`AdvancesFromJointInterestOwnersForCostsIncurredOnJointInterestWells`	$782.00K	USD	Point-in-time
Operating leases	`OperatingLeaseLiabilityCurrent`	$343.00K	USD	Point-in-time
Operating leases	`OperatingLeaseLiabilityCurrent`	$622.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$266.13M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$231.85M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$704.35M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$155.31M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$131.16M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$7.50M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$7.89M	USD	Point-in-time
Derivatives	`DerivativeLiabilitiesNoncurrent`	$691.00K	USD	Point-in-time
Derivatives	`DerivativeLiabilitiesNoncurrent`	$1.09M	USD	Point-in-time
Operating leases	`OperatingLeaseLiabilityNoncurrent`	$269.00K	USD	Point-in-time
Operating leases	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at June 30, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at June 30, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 113,385,923 and 113,165,027 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Common stock, $0.0001 par value, 600,000,000 shares authorized, 113,385,923 and 113,165,027 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.02B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.01B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$236.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$160.74M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.17B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.22B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$693.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$553.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.26B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$900.39M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.79B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.28B	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Total operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$240.76M	USD	1 Quarter
Total operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$293.66M	USD	2 Qtrs
Total operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$464.55M	USD	2 Qtrs
Total operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$201.43M	USD	1 Quarter
Crude oil and natural gas production	`OperatingLeaseExpense`	$16.59M	USD	1 Quarter
Crude oil and natural gas production	`OperatingLeaseExpense`	$67.88M	USD	2 Qtrs
Crude oil and natural gas production	`OperatingLeaseExpense`	$26.04M	USD	2 Qtrs
Crude oil and natural gas production	`OperatingLeaseExpense`	$34.93M	USD	1 Quarter
Production and ad valorem taxes	`ProductionTaxExpense`	$15.31M	USD	2 Qtrs
Production and ad valorem taxes	`ProductionTaxExpense`	$10.30M	USD	1 Quarter
Production and ad valorem taxes	`ProductionTaxExpense`	$25.56M	USD	2 Qtrs
Production and ad valorem taxes	`ProductionTaxExpense`	$13.26M	USD	1 Quarter
Exploration and abandonments	`ExplorationExpense`	$480.00K	USD	1 Quarter
Exploration and abandonments	`ExplorationExpense`	$184.00K	USD	1 Quarter
Exploration and abandonments	`ExplorationExpense`	$2.64M	USD	2 Qtrs
Exploration and abandonments	`ExplorationExpense`	$393.00K	USD	2 Qtrs
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$174.14M	USD	2 Qtrs
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$93.01M	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$51.91M	USD	2 Qtrs
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.88M	USD	1 Quarter
Accretion of discount	`AssetRetirementObligationAccretionExpense`	$66.00K	USD	1 Quarter
Accretion of discount	`AssetRetirementObligationAccretionExpense`	$120.00K	USD	1 Quarter
Accretion of discount	`AssetRetirementObligationAccretionExpense`	$238.00K	USD	2 Qtrs
Accretion of discount	`AssetRetirementObligationAccretionExpense`	$120.00K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$2.02M	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$2.52M	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$3.96M	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$5.02M	USD	2 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$18.55M	USD	2 Qtrs
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$3.98M	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$14.58M	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$8.04M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$116.28M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$148.30M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$78.62M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$283.51M	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$7.50M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$7.50M	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	-	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$122.80M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$177.38M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$173.54M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$84.95M	USD	1 Quarter
Interest and other income	`InvestmentIncomeInterest`	$252.00K	USD	2 Qtrs
Interest and other income	`InvestmentIncomeInterest`	$2.00K	USD	1 Quarter
Interest and other income	`InvestmentIncomeInterest`	$193.00K	USD	2 Qtrs
Interest and other income	`InvestmentIncomeInterest`	$163.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$14.53M	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.28M	USD	1 Quarter
Interest expense	`InterestExpense`	$39.28M	USD	1 Quarter
Interest expense	`InterestExpense`	$66.26M	USD	2 Qtrs
Derivative loss, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-78.28M	USD	2 Qtrs
Derivative loss, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.24M	USD	2 Qtrs
Derivative loss, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-11.89M	USD	1 Quarter
Derivative loss, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-4.36M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$106.23M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$84.81M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$101.63M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$41.47M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$24.15M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$24.07M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.64M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$23.76M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$77.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$82.08M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-16.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$61.05M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$50.26M	USD	1 Quarter
Basic net income (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic net income (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	2 Qtrs
Basic net income (in dollars per share)	`EarningsPerShareBasic`	$0.56	USD	2 Qtrs
Basic net income (in dollars per share)	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Diluted net income (in dollars per share)	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Diluted net income (in dollars per share)	`EarningsPerShareDiluted`	$0.64	USD	2 Qtrs
Diluted net income (in dollars per share)	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Diluted net income (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	103.18M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	111.23M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	111.23M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	99.53M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.13M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.98M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	106.84M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	111.23M	shares	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`	$0.05	USD	2 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`	$0.03	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	2 Qtrs

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$77.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$82.08M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-16.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$61.05M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$50.26M	USD	1 Quarter
Exploration and abandonment expense	`ExplorationAbandonmentAndImpairmentExpense`	$32.00K	USD	2 Qtrs
Exploration and abandonment expense	`ExplorationAbandonmentAndImpairmentExpense`	$2.19M	USD	2 Qtrs
Depletion, depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$174.14M	USD	2 Qtrs
Depletion, depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$93.01M	USD	1 Quarter
Depletion, depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$51.91M	USD	2 Qtrs
Depletion, depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$34.88M	USD	1 Quarter
Accretion expense	`AccretionExpenseIncludingAssetRetirementObligations`	$120.00K	USD	2 Qtrs
Accretion expense	`AccretionExpenseIncludingAssetRetirementObligations`	$238.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$8.04M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$18.55M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.78M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$5.70M	USD	2 Qtrs
Amortization of discounts on 10.000% Senior Notes and 10.625% Senior Notes	`AmortizationOfDebtDiscountPremium`	$8.63M	USD	2 Qtrs
Amortization of discounts on 10.000% Senior Notes and 10.625% Senior Notes	`AmortizationOfDebtDiscountPremium`	$2.74M	USD	2 Qtrs
Derivative-related activity	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$25.19M	USD	1 Quarter
Derivative-related activity	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-16.44M	USD	2 Qtrs
Derivative-related activity	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$703.00K	USD	1 Quarter
Derivative-related activity	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$6.02M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-24.15M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-23.76M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$50.86M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.38M	USD	2 Qtrs
Prepaid expenses, inventory and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.57M	USD	2 Qtrs
Prepaid expenses, inventory and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.94M	USD	2 Qtrs
Accounts payable, accrued liabilities and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$64.96M	USD	2 Qtrs
Accounts payable, accrued liabilities and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$25.23M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$363.68M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$148.19M	USD	2 Qtrs
Additions to crude oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$403.18M	USD	2 Qtrs
Additions to crude oil and natural gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$678.97M	USD	2 Qtrs
Changes in working capital associated with crude oil and natural gas property additions	`IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions`	$74.74M	USD	2 Qtrs
Changes in working capital associated with crude oil and natural gas property additions	`IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions`	$105.48M	USD	2 Qtrs
Acquisitions of crude oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	$7.79M	USD	2 Qtrs
Acquisitions of crude oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	$250.45M	USD	2 Qtrs
Deposit and other costs related to pending acquisitions	`PaymentsForDepositAndOtherCostsRelatedToPendingAcquisitions`	-	USD	2 Qtrs
Deposit and other costs related to pending acquisitions	`PaymentsForDepositAndOtherCostsRelatedToPendingAcquisitions`	$397.00K	USD	2 Qtrs
Other property additions	`PaymentsToAcquireOtherProductiveAssets`	$996.00K	USD	2 Qtrs
Other property additions	`PaymentsToAcquireOtherProductiveAssets`	$103.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-612.52M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-549.14M	USD	2 Qtrs
Borrowings under Credit Agreement	`ProceedsFromLongTermLinesOfCredit`	$380.00M	USD	2 Qtrs
Borrowings under Credit Agreement	`ProceedsFromLongTermLinesOfCredit`	$255.00M	USD	2 Qtrs
Proceeds from exercises of warrants	`ProceedsFromWarrantExercises`	$1.73M	USD	2 Qtrs
Proceeds from exercises of warrants	`ProceedsFromWarrantExercises`	$7.75M	USD	2 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$120.00K	USD	2 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$148.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$4.96M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$5.55M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$9.10M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.40M	USD	2 Qtrs
Stock offering costs	`ProceedsFromIssuanceOfCommonStock`	$-748.00K	USD	2 Qtrs
Stock offering costs	`ProceedsFromIssuanceOfCommonStock`	$-58.00K	USD	2 Qtrs
Dividend equivalents paid	`PaymentsOfDividendsEquivalents`	$569.00K	USD	2 Qtrs
Dividend equivalents paid	`PaymentsOfDividendsEquivalents`	$427.00K	USD	2 Qtrs
Proceeds from issuance of 10.000% Senior Notes, net of discount	`ProceedsFromIssuanceOfUnsecuredDebt`	$210.18M	USD	2 Qtrs
Proceeds from issuance of 10.000% Senior Notes, net of discount	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	2 Qtrs
Repayments under Credit Agreement	`RepaymentsOfLinesOfCredit`	$195.00M	USD	2 Qtrs
Repayments under Credit Agreement	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$388.51M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$248.61M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-239.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.45M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$22.42M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$30.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$30.27M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.87M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$22.42M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$30.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$30.27M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.87M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.69M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$51.03M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Stock issued for acquisition	`StockIssued1`	$264.98M	USD	2 Qtrs
Stock issued for acquisition	`StockIssued1`	-	USD	2 Qtrs
Additions to asset retirement obligations	`IncreaseDecreaseInAssetRetirementObligations`	$3.68M	USD	2 Qtrs
Additions to asset retirement obligations	`IncreaseDecreaseInAssetRetirementObligations`	$186.00K	USD	2 Qtrs

Stockholders Equity 55 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`	$0.05	USD	2 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`	$0.03	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	2 Qtrs
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
Dividend Equivalents, Per Share, Declared (in dollars per share)	`DividendEquivalentsPerShareDeclared`	$0.03	USD	1 Quarter
Balance	`StockholdersEquity`	$1.17B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.22B	USD	Point-in-time
Balance	`StockholdersEquity`	$693.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$553.06M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquity`	$900.39M	USD	Point-in-time
Dividends declared ($0.025 per share)	`DividendsCash`	$2.43M	USD	1 Quarter
Dividends declared ($0.025 per share)	`DividendsCash`	$2.83M	USD	1 Quarter
Dividends declared ($0.025 per share)	`DividendsCash`	$2.63M	USD	1 Quarter
Dividends declared ($0.025 per share)	`DividendsCash`	$2.83M	USD	1 Quarter
Dividend equivalents declared on outstanding stock options ($0.025 per share)	`DividendEquivalentsCash`	$287.00K	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`	$288.00K	USD	1 Quarter
Dividend equivalents declared on outstanding stock options ($0.025 per share)	`DividendEquivalentsCash`	$249.00K	USD	1 Quarter
Exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$779.00K	USD	1 Quarter
Exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$6.97M	USD	1 Quarter
Exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$1.73M	USD	1 Quarter
Exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$2.00K	USD	1 Quarter
Shares issued upon options being exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	12,000.00	shares	Annual
Shares issued upon options being exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	11,834.00	shares	2 Qtrs
Shares issued upon options being exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	12,000.00	shares	2 Qtrs
Shares issued upon options being exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$148.00K	USD	1 Quarter
Shares issued upon options being exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$75.00K	USD	1 Quarter
Shares issued upon options being exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$45.00K	USD	1 Quarter
Compensation costs included in net income	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.98M	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`	$4.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$82.08M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-16.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$61.05M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$50.26M	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
Stock issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$55.00K	USD	1 Quarter
Stock issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$3.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$1.17B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.22B	USD	Point-in-time
Balance	`StockholdersEquity`	$693.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$553.06M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquity`	$900.39M	USD	Point-in-time

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