Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2
Note 4 - Segment Information - Segment Activity of Continuing Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues, Total $ 110,985   $ 47,023   $ 179,641 $ 86,797
Production expense 25,475   16,419   43,835 32,552
Exploration expense 67   665   194 807
Depreciation, depletion and amortization 8,191   5,810   12,864 9,958
General and administrative expense 3,534   4,734   8,528 9,281
Bad debt expense and other 571   395   1,063 496
Total operating costs and expenses 37,838   28,023   66,484 53,094
Other operating expense, net 0   (126)   (5) (486)
Operating income 73,147   18,874   113,152 33,217
Derivative instruments loss, net (9,542)   (9,969)   (41,300) (15,923)
Interest (expense) income, net (118)   1   (121) 6
Other (expense) income, net (2,111)   (164)   (2,807) 4,416
Total other expense, net (11,771)   (10,132)   (44,228) (11,501)
Income from continuing operations before income taxes 61,376   8,742   68,924 21,716
Income tax (benefit) expense 46,252   2,825   41,624 5,911
Income from continuing operations 15,124   5,917   27,300 15,805
Loss from discontinued operations, net of tax (20)   (33)   (32) (52)
Net Income (Loss) Attributable to Parent, Total 15,104 $ 12,164 5,884 $ 9,869 27,268 15,753
Consolidated capital expenditures 38,169   1,782 [1]   69,949 4,297 [1]
Corporate, Non-Segment [Member]            
Revenues, Total 0   0   0 0
Production expense (60)   9   0 9
Exploration expense 0   0   0 0
Depreciation, depletion and amortization 18   24   38 51
General and administrative expense 2,859   4,410   7,161 8,588
Bad debt expense and other 0   0   0 0
Total operating costs and expenses 2,817   4,443   7,199 8,648
Other operating expense, net 0   0   0 (353)
Operating income (2,817)   (4,443)   (7,199) (9,001)
Derivative instruments loss, net (9,542)   (9,969)   (41,300) (15,923)
Interest (expense) income, net 40   1   43 6
Other (expense) income, net (1,254)   (9)   (1,311) (2,755)
Total other expense, net (10,756)   (9,977)   (42,568) (18,672)
Income from continuing operations before income taxes (13,573)   (14,420)   (49,767) (27,673)
Income tax (benefit) expense 9,828   (3,220)   (7,633) (3,569)
Income from continuing operations (23,401)   (11,200)   (42,134) (24,104)
Loss from discontinued operations, net of tax (20)   (33)   (32) (52)
Net Income (Loss) Attributable to Parent, Total (23,421)   (11,233)   (42,166) (24,156)
Consolidated capital expenditures 67   0 [1]   67 0 [1]
Gabon Segment [Member] | Operating Segments [Member]            
Revenues, Total 110,985   47,023   179,641 86,797
Production expense 25,360   16,378   43,441 32,511
Exploration expense 67   665   194 807
Depreciation, depletion and amortization 8,173   5,786   12,826 9,907
General and administrative expense 565   254   1,158 491
Bad debt expense and other 571   395   1,063 496
Total operating costs and expenses 34,736   23,478   58,682 44,212
Other operating expense, net 0   (126)   (5) (133)
Operating income 76,249   23,419   120,954 42,452
Derivative instruments loss, net 0   0   0 0
Interest (expense) income, net (158)   0   (164) 0
Other (expense) income, net (856)   (156)   (1,494) 7,172
Total other expense, net (1,014)   (156)   (1,658) 7,172
Income from continuing operations before income taxes 75,235   23,263   119,296 49,624
Income tax (benefit) expense 36,423   6,045   49,256 9,479
Income from continuing operations 38,812   17,218   70,040 40,145
Loss from discontinued operations, net of tax 0   0   0 0
Net Income (Loss) Attributable to Parent, Total 38,812   17,218   70,040 40,145
Consolidated capital expenditures 38,102   1,782 [1]   69,882 4,297 [1]
Equatorial Guinea Segment [Member] | Operating Segments [Member]            
Revenues, Total 0   0   0 0
Production expense 175   32   394 32
Exploration expense 0   0   0 0
Depreciation, depletion and amortization 0   0   0 0
General and administrative expense 110   70   209 202
Bad debt expense and other 0   0   0 0
Total operating costs and expenses 285   102   603 234
Other operating expense, net 0   0   0 0
Operating income (285)   (102)   (603) (234)
Derivative instruments loss, net 0   0   0 0
Interest (expense) income, net 0   0   0 0
Other (expense) income, net (1)   1   (2) (1)
Total other expense, net (1)   1   (2) (1)
Income from continuing operations before income taxes (286)   (101)   (605) (235)
Income tax (benefit) expense 1   0   1 1
Income from continuing operations (287)   (101)   (606) (236)
Loss from discontinued operations, net of tax 0   0   0 0
Net Income (Loss) Attributable to Parent, Total (287)   (101)   (606) (236)
Consolidated capital expenditures $ 0   $ 0 [1]   $ 0 $ 0 [1]
[1] Excludes assets acquired in the Sasol acquisition.