Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|
|
Three Months Ended June 30, 2023 |
|
(in thousands) |
|
Gabon |
|
|
Egypt |
|
|
Canada |
|
|
Equatorial Guinea |
|
|
Corporate and Other |
|
|
Total |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude oil, natural gas and natural gas liquids sales |
|
$ |
77,924 |
|
|
$ |
21,308 |
|
|
$ |
10,008 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
109,240 |
|
Operating costs and expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production expense |
|
|
23,931 |
|
|
|
11,089 |
|
|
|
3,255 |
|
|
|
386 |
|
|
|
(57 |
) |
|
|
38,604 |
|
FPSO Demobilization - Norms Waste Disposal |
|
|
5,647 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,647 |
|
Exploration expense |
|
|
43 |
|
|
|
14 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
57 |
|
Depreciation, depletion and amortization |
|
|
19,457 |
|
|
|
13,757 |
|
|
|
4,747 |
|
|
|
— |
|
|
|
42 |
|
|
|
38,003 |
|
General and administrative expense |
|
|
318 |
|
|
|
202 |
|
|
|
— |
|
|
|
87 |
|
|
|
4,788 |
|
|
|
5,395 |
|
Credit losses and other |
|
|
518 |
|
|
|
— |
|
|
|
— |
|
|
|
162 |
|
|
|
— |
|
|
|
680 |
|
Total operating costs and expenses |
|
|
49,914 |
|
|
|
25,062 |
|
|
|
8,002 |
|
|
|
635 |
|
|
|
4,773 |
|
|
|
88,386 |
|
Other operating income (expense), net |
|
|
(62 |
) |
|
|
(241 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(303 |
) |
Operating income |
|
|
27,948 |
|
|
|
(3,995 |
) |
|
|
2,006 |
|
|
|
(635 |
) |
|
|
(4,773 |
) |
|
|
20,551 |
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative instruments loss, net |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
31 |
|
|
|
31 |
|
Interest (expense) income, net |
|
|
(1,376 |
) |
|
|
(503 |
) |
|
|
— |
|
|
|
— |
|
|
|
176 |
|
|
|
(1,703 |
) |
Other (expense) income, net |
|
|
(619 |
) |
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
81 |
|
|
|
(537 |
) |
Total other expense, net |
|
|
(1,995 |
) |
|
|
(503 |
) |
|
|
1 |
|
|
|
— |
|
|
|
288 |
|
|
|
(2,209 |
) |
Income (loss) from continuing operations before income taxes |
|
|
25,953 |
|
|
|
(4,498 |
) |
|
|
2,007 |
|
|
|
(635 |
) |
|
|
(4,485 |
) |
|
|
18,342 |
|
Income tax (benefit) expense |
|
|
16,251 |
|
|
|
4,261 |
|
|
|
— |
|
|
|
— |
|
|
|
(8,924 |
) |
|
|
11,588 |
|
Income (loss) from continuing operations |
|
|
9,702 |
|
|
|
(8,759 |
) |
|
|
2,007 |
|
|
|
(635 |
) |
|
|
4,439 |
|
|
|
6,754 |
|
Loss from discontinued operations, net of tax |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(2 |
) |
|
|
(2 |
) |
Net income (loss) |
|
$ |
9,702 |
|
|
$ |
(8,759 |
) |
|
$ |
2,007 |
|
|
$ |
(635 |
) |
|
$ |
4,437 |
|
|
$ |
6,752 |
|
Consolidated capital expenditures |
|
$ |
1,375 |
|
|
$ |
8,526 |
|
|
$ |
6,491 |
|
|
$ |
— |
|
|
$ |
36 |
|
|
$ |
16,427 |
|
|
|
Six Months Ended June 30, 2023 |
|
(in thousands) |
|
Gabon |
|
|
Egypt |
|
|
Canada |
|
|
Equatorial Guinea |
|
|
Corporate and Other |
|
|
Total |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude oil, natural gas and natural gas liquids sales |
|
$ |
114,661 |
|
|
$ |
56,092 |
|
|
$ |
18,890 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
189,643 |
|
Operating costs and expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production expense |
|
|
38,346 |
|
|
|
22,199 |
|
|
|
5,509 |
|
|
|
748 |
|
|
|
2 |
|
|
|
66,804 |
|
FPSO Demobilization - Norms Waste Disposal |
|
|
5,647 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,647 |
|
Exploration expense |
|
|
51 |
|
|
|
14 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
65 |
|
Depreciation, depletion and amortization |
|
|
29,302 |
|
|
|
24,552 |
|
|
|
8,458 |
|
|
|
— |
|
|
|
108 |
|
|
|
62,420 |
|
General and administrative expense |
|
|
936 |
|
|
|
381 |
|
|
|
— |
|
|
|
216 |
|
|
|
9,086 |
|
|
|
10,619 |
|
Credit losses and other |
|
|
1,453 |
|
|
|
— |
|
|
|
— |
|
|
|
162 |
|
|
|
— |
|
|
|
1,615 |
|
Total operating costs and expenses |
|
|
75,735 |
|
|
|
47,146 |
|
|
|
13,967 |
|
|
|
1,126 |
|
|
|
9,196 |
|
|
|
147,170 |
|
Other operating income, net |
|
|
(62 |
) |
|
|
(241 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(303 |
) |
Operating income (loss) |
|
|
38,864 |
|
|
|
8,705 |
|
|
|
4,923 |
|
|
|
(1,126 |
) |
|
|
(9,196 |
) |
|
|
42,170 |
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative instruments gain, net |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
52 |
|
|
|
52 |
|
Interest (expense) income, net |
|
|
(2,883 |
) |
|
|
(1,311 |
) |
|
|
(4 |
) |
|
|
— |
|
|
|
249 |
|
|
|
(3,949 |
) |
Other income (expense), net |
|
|
(102 |
) |
|
|
— |
|
|
|
1 |
|
|
|
(1 |
) |
|
|
(1,575 |
) |
|
|
(1,677 |
) |
Total other expense, net |
|
|
(2,985 |
) |
|
|
(1,311 |
) |
|
|
(3 |
) |
|
|
(1 |
) |
|
|
(1,274 |
) |
|
|
(5,574 |
) |
Income (loss) from continuing operations before income taxes |
|
|
35,879 |
|
|
|
7,394 |
|
|
|
4,920 |
|
|
|
(1,127 |
) |
|
|
(10,470 |
) |
|
|
36,596 |
|
Income tax expense (benefit) |
|
|
22,829 |
|
|
|
9,253 |
|
|
|
— |
|
|
|
— |
|
|
|
(5,723 |
) |
|
|
26,359 |
|
Income (loss) from continuing operations |
|
|
13,050 |
|
|
|
(1,859 |
) |
|
|
4,920 |
|
|
|
(1,127 |
) |
|
|
(4,747 |
) |
|
|
10,237 |
|
Loss from discontinued operations, net of tax |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(15 |
) |
|
|
(15 |
) |
Net income (loss) |
|
$ |
13,050 |
|
|
$ |
(1,859 |
) |
|
$ |
4,920 |
|
|
$ |
(1,127 |
) |
|
$ |
(4,762 |
) |
|
$ |
10,222 |
|
Consolidated capital expenditures |
|
$ |
5,064 |
|
|
$ |
20,097 |
|
|
$ |
16,656 |
|
|
$ |
— |
|
|
$ |
36 |
|
|
$ |
41,852 |
|
|
|
Three Months Ended June 30, 2022 |
|
(in thousands) |
|
Gabon |
|
|
Equatorial Guinea |
|
|
Corporate and Other |
|
|
Total |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude oil and natural gas sales |
|
$ |
110,985 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
110,985 |
|
Operating costs and expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production expense |
|
|
25,360 |
|
|
|
175 |
|
|
|
(60 |
) |
|
|
25,475 |
|
Exploration expense |
|
|
67 |
|
|
|
— |
|
|
|
— |
|
|
|
67 |
|
Depreciation, depletion and amortization |
|
|
8,173 |
|
|
|
— |
|
|
|
18 |
|
|
|
8,191 |
|
General and administrative expense |
|
|
565 |
|
|
|
110 |
|
|
|
2,859 |
|
|
|
3,534 |
|
Bad debt expense and other |
|
|
571 |
|
|
|
— |
|
|
|
— |
|
|
|
571 |
|
Total operating costs and expenses |
|
|
34,736 |
|
|
|
285 |
|
|
|
2,817 |
|
|
|
37,838 |
|
Other operating income (expense), net |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Operating income |
|
|
76,249 |
|
|
|
(285 |
) |
|
|
(2,817 |
) |
|
|
73,147 |
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative instruments loss, net |
|
|
— |
|
|
|
— |
|
|
|
(9,542 |
) |
|
|
(9,542 |
) |
Interest (expense) income, net |
|
|
(158 |
) |
|
|
— |
|
|
|
40 |
|
|
|
(118 |
) |
Other (expense) income, net |
|
|
(856 |
) |
|
|
(1 |
) |
|
|
(1,254 |
) |
|
|
(2,111 |
) |
Total other expense, net |
|
|
(1,014 |
) |
|
|
(1 |
) |
|
|
(10,756 |
) |
|
|
(11,771 |
) |
Income from continuing operations before income taxes |
|
|
75,235 |
|
|
|
(286 |
) |
|
|
(13,573 |
) |
|
|
61,376 |
|
Income tax (benefit) expense |
|
|
36,423 |
|
|
|
1 |
|
|
|
9,828 |
|
|
|
46,252 |
|
Income from continuing operations |
|
|
38,812 |
|
|
|
(287 |
) |
|
|
(23,401 |
) |
|
|
15,124 |
|
Loss from discontinued operations, net of tax |
|
|
— |
|
|
|
— |
|
|
|
(20 |
) |
|
|
(20 |
) |
Net income |
|
$ |
38,812 |
|
|
$ |
(287 |
) |
|
$ |
(23,421 |
) |
|
$ |
15,104 |
|
Consolidated capital expenditures (1) |
|
$ |
38,102 |
|
|
$ |
— |
|
|
$ |
67 |
|
|
$ |
38,169 |
|
|
|
Six Months Ended June 30, 2022 |
|
(in thousands) |
|
Gabon |
|
|
Equatorial Guinea |
|
|
Corporate and Other |
|
|
Total |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude oil and natural gas sales |
|
$ |
179,641 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
179,641 |
|
Operating costs and expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production expense |
|
|
43,441 |
|
|
|
394 |
|
|
|
— |
|
|
|
43,835 |
|
Exploration expense |
|
|
194 |
|
|
|
— |
|
|
|
— |
|
|
|
194 |
|
Depreciation, depletion and amortization |
|
|
12,826 |
|
|
|
— |
|
|
|
38 |
|
|
|
12,864 |
|
General and administrative expense |
|
|
1,158 |
|
|
|
209 |
|
|
|
7,161 |
|
|
|
8,528 |
|
Credit losses and other |
|
|
1,063 |
|
|
|
— |
|
|
|
— |
|
|
|
1,063 |
|
Total operating costs and expenses |
|
|
58,682 |
|
|
|
603 |
|
|
|
7,199 |
|
|
|
66,484 |
|
Other operating income (expense), net |
|
|
(5 |
) |
|
|
— |
|
|
|
— |
|
|
|
(5 |
) |
Operating income |
|
|
120,954 |
|
|
|
(603 |
) |
|
|
(7,199 |
) |
|
|
113,152 |
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative instruments loss, net |
|
|
— |
|
|
|
— |
|
|
|
(41,300 |
) |
|
|
(41,300 |
) |
Interest (expense) income, net |
|
|
(164 |
) |
|
|
— |
|
|
|
43 |
|
|
|
(121 |
) |
Other (expense) income, net |
|
|
(1,494 |
) |
|
|
(2 |
) |
|
|
(1,311 |
) |
|
|
(2,807 |
) |
Total other expense, net |
|
|
(1,658 |
) |
|
|
(2 |
) |
|
|
(42,568 |
) |
|
|
(44,228 |
) |
Income from continuing operations before income taxes |
|
|
119,296 |
|
|
|
(605 |
) |
|
|
(49,767 |
) |
|
|
68,924 |
|
Income tax (benefit) expense |
|
|
49,256 |
|
|
|
1 |
|
|
|
(7,633 |
) |
|
|
41,624 |
|
Income from continuing operations |
|
|
70,040 |
|
|
|
(606 |
) |
|
|
(42,134 |
) |
|
|
27,300 |
|
Loss from discontinued operations, net of tax |
|
|
— |
|
|
|
— |
|
|
|
(32 |
) |
|
|
(32 |
) |
Net income |
|
$ |
70,040 |
|
|
$ |
(606 |
) |
|
$ |
(42,166 |
) |
|
$ |
27,268 |
|
Consolidated capital expenditures (1) |
|
$ |
69,882 |
|
|
$ |
— |
|
|
$ |
67 |
|
|
$ |
69,949 |
|
|