VAALCO Energy, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 7 - Revenue (Tables)

Note 7 - Revenue (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Disaggregation of Revenue [Table Text Block]

		*Year Ended December 31,*
		*2022*				*2021*				*2020*
Revenues from customer contracts:		*(in thousands)*
Sales under the COSPA or COSMA		$	320,522			$	200,321			$	67,041
Other items reported in revenue not associated with customer contracts:
Gabonese government share of Profit Oil taken in-kind			26,257				20,103				8,738
Carried interest recoupment			5,843				7,517				1,631
Royalties			(45,847	)			(28,866	)			(10,234	)
Crude oil and natural gas sales		$	306,775			$	199,075			$	67,176

		October 14 - December 31, 2022

		Sales
Revenues from customer contracts:		*(in thousands)*
Gross sales		$	56,452
Royalties			(18,742	)
Net revenues		$	37,710

		October 14 - December 31, 2022

		Sales
Revenues from customer contracts:		*(in thousands)*
Oil revenue		$	7,362
Gas revenue			1,340
NGL revenue			2,235
Condensate revenue			7
Other revenue			34
Royalties			(1,137	)
Net revenues		$	9,841