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, 2024

Notes Tables

Disaggregation of Revenue [Table Text Block]

		Three Months Ended March 31,
		2024				2023
Revenues from customer contracts:		*(in thousands)*
Sales under the COSPA or COSMA		$	64,788			$	42,601
Other items reported in revenue not associated with customer contracts:
Carried interest recoupment			1,174				—
Royalties			(8,458	)			(5,864	)
Net revenues		$	57,504			$	36,737

		*Three Months Ended March 31,*
		*2024*				*2023*
Revenues from customer contracts:		*(in thousands)*
Gross sales		$	63,192			$	54,621
Royalties			(26,120	)			(19,340	)
Selling costs			(111	)			(497	)
Net revenues		$	36,961			$	34,784

		*Three Months Ended March 31,*
		*2024*				*2023*
Revenues from customer contracts:		*(in thousands)*
Oil revenue		$	4,153			$	6,654
Gas revenue			820				958
NGL revenue			1,976				2,463
Royalties			(1,117	)			(1,193	)
Selling costs			(143	)			—
Net revenues		$	5,689			$	8,882