VAALCO Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Revenue (Tables)

Note 6 - Revenue (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

Disaggregation of Revenue [Table Text Block]

		*Three Months Ended March 31,*
		*2023*				*2022*
Revenues from customer contracts:		*(in thousands)*
Sales under the COSPA or COSMA		$	42,601			$	76,486
Other items reported in revenue not associated with customer contracts:
Carried interest recoupment			—				1,112
Royalties			(5,864	)			(8,942	)
Net revenues		$	36,737			$	68,656

		*Three Months Ended March 31,*
		*2023*
Revenues from customer contracts:		*(in thousands)*
Gross sales		$	54,621
Royalties			(19,340	)
Selling costs			(497	)
Net revenues		$	34,784

		Three Months Ended March 31,
		2023
Revenues from customer contracts:		*(in thousands)*
Oil revenue		$	6,654
Gas revenue			958
NGL revenue			2,463
Royalties			(1,193	)
Net revenues		$	8,882