Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION - Schedule of Segment Activity of Continuing Operations (Details)

v3.24.3
SEGMENT INFORMATION - Schedule of Segment Activity of Continuing Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:                
Crude oil, natural gas and natural gas liquids sales $ 140,334     $ 116,269     $ 357,267 $ 305,912
Operating costs and expenses:                
Production expense 42,324     39,956     126,859 106,760
FPSO demobilization and other costs 0     0     0 5,647
Exploration expense 0     1,194     48 1,259
Depreciation, depletion and amortization 47,031     32,538     105,987 94,958
General and administrative expense 6,929     6,216     21,230 16,835
Credit losses and other 69     822     5,222 2,437
Total operating costs and expenses 96,353     80,726     259,346 227,896
Other operating income (expense), net 102     5     68 (298)
Operating income (loss) 44,083     35,548     97,989 77,718
Other income (expense):                
Derivative instruments gain (loss), net 210     (2,320)     (380) (2,268)
Interest income (expense), net (588)     (1,426)     (2,640) (5,375)
Bargain purchase gain 0     0     19,898 (1,412)
Other income (expense), net (141)     183     (3,925) (97)
Total other expense, net (519)     (3,563)     12,953 (9,152)
Income (loss) before income taxes 43,564     31,985     110,942 68,566
Income tax expense (benefit) 32,574     25,844     64,115 52,203
Net income (loss) 10,990 $ 28,151 $ 7,686 6,141 $ 6,752 $ 3,470 46,827 16,363
Consolidated capital expenditures 26,606     25,966     73,058 63,301
Operating | Gabon                
Revenues:                
Crude oil, natural gas and natural gas liquids sales 47,608     57,275     158,786 171,936
Operating costs and expenses:                
Production expense 13,932     20,731     49,131 59,077
FPSO demobilization and other costs       0       5,647
Exploration expense 0     0     0 51
Depreciation, depletion and amortization 12,796     14,583     39,591 43,885
General and administrative expense 241     348     1,194 1,284
Credit losses and other 0     684     20 2,137
Total operating costs and expenses 26,969     36,346     89,936 112,081
Other operating income (expense), net 0     5     (34) (57)
Operating income (loss) 20,639     20,934     68,816 59,798
Other income (expense):                
Derivative instruments gain (loss), net 0     0     0 0
Interest income (expense), net (964)     (1,371)     (3,439) (4,254)
Bargain purchase gain 0           0 0
Other income (expense), net (72)     111     (303) 9
Total other expense, net (1,036)     (1,260)     (3,742) (4,245)
Income (loss) before income taxes 19,603     19,674     65,074 55,553
Income tax expense (benefit) 12,932     13,173     38,956 36,002
Net income (loss) 6,671     6,501     26,118 19,551
Consolidated capital expenditures 8,859     10,109     20,248 15,173
Operating | Egypt                
Revenues:                
Crude oil, natural gas and natural gas liquids sales 34,544     50,307     106,986 106,399
Operating costs and expenses:                
Production expense 12,477     16,040     38,652 38,239
FPSO demobilization and other costs       0       0
Exploration expense 0     1,194     48 1,208
Depreciation, depletion and amortization 8,729     12,967     25,481 37,519
General and administrative expense (79)     54     297 435
Credit losses and other 0     0     4,812 0
Total operating costs and expenses 21,127     30,255     69,290 77,401
Other operating income (expense), net 0     0     0 (241)
Operating income (loss) 13,417     20,052     37,696 28,757
Other income (expense):                
Derivative instruments gain (loss), net 0     0     0 0
Interest income (expense), net (360)     (270)     (1,120) (1,581)
Bargain purchase gain 0           0 0
Other income (expense), net (101)     0     (101) 0
Total other expense, net (461)     (270)     (1,221) (1,581)
Income (loss) before income taxes 12,956     19,782     36,475 27,176
Income tax expense (benefit) 3,613     888     19,395 10,141
Net income (loss) 9,343     18,894     17,080 17,035
Consolidated capital expenditures 1,698     11,987     7,894 32,084
Operating | Canada                
Revenues:                
Crude oil, natural gas and natural gas liquids sales 8,387     8,687     24,460 27,577
Operating costs and expenses:                
Production expense 3,015     2,627     8,753 8,136
FPSO demobilization and other costs       0       0
Exploration expense 0     0     0 0
Depreciation, depletion and amortization 6,106     4,948     15,297 13,406
General and administrative expense (4)     0     (119) 0
Credit losses and other 0     0     0 0
Total operating costs and expenses 9,117     7,575     23,931 21,542
Other operating income (expense), net 102     0     102 0
Operating income (loss) (628)     1,112     631 6,035
Other income (expense):                
Derivative instruments gain (loss), net 0     0     0 0
Interest income (expense), net 0     0     38 (4)
Bargain purchase gain 0           0 0
Other income (expense), net 669     0     674 1
Total other expense, net 670     0     713 (3)
Income (loss) before income taxes 42     1,112     1,344 6,032
Income tax expense (benefit) 0     0     0 0
Net income (loss) 42     1,112     1,344 6,032
Consolidated capital expenditures 3,014     3,870     22,728 16,008
Operating | Equatorial Guinea                
Revenues:                
Crude oil, natural gas and natural gas liquids sales 0     0     0 0
Operating costs and expenses:                
Production expense 195     259     712 1,007
FPSO demobilization and other costs       0       0
Exploration expense 0     0     0 0
Depreciation, depletion and amortization 0     0     0 0
General and administrative expense 62     94     233 310
Credit losses and other 69     138     390 300
Total operating costs and expenses 326     491     1,335 1,617
Other operating income (expense), net 0     0     0 0
Operating income (loss) (326)     (491)     (1,335) (1,617)
Other income (expense):                
Derivative instruments gain (loss), net 0     0     0 0
Interest income (expense), net 0     0     0 0
Bargain purchase gain 0           0 0
Other income (expense), net (4)     (3)     (2) (4)
Total other expense, net (4)     (3)     (2) (4)
Income (loss) before income taxes (330)     (494)     (1,337) (1,621)
Income tax expense (benefit) 0     0     0 0
Net income (loss) (330)     (494)     (1,337) (1,621)
Consolidated capital expenditures 38     0     38 0
Operating | Cote d'Ivoire                
Revenues:                
Crude oil, natural gas and natural gas liquids sales 49,795           67,035  
Operating costs and expenses:                
Production expense 12,701           29,606  
Exploration expense 0           0  
Depreciation, depletion and amortization 19,184           25,233  
General and administrative expense 1,061           1,185  
Credit losses and other 0           0  
Total operating costs and expenses 32,946           56,024  
Other operating income (expense), net 0           0  
Operating income (loss) 16,849           11,011  
Other income (expense):                
Derivative instruments gain (loss), net (169)           (169)  
Interest income (expense), net 2,029           489  
Bargain purchase gain 0           0  
Other income (expense), net (37)           (338)  
Total other expense, net 1,823           (18)  
Income (loss) before income taxes 18,672           10,993  
Income tax expense (benefit) 8,454           5,404  
Net income (loss) 10,218           5,589  
Consolidated capital expenditures 11,158           18,310  
Corporate and Other                
Revenues:                
Crude oil, natural gas and natural gas liquids sales 0     0     0 0
Operating costs and expenses:                
Production expense 4     299     5 301
FPSO demobilization and other costs       0       0
Exploration expense 0     0     0 0
Depreciation, depletion and amortization 216     40     385 148
General and administrative expense 5,648     5,720     18,440 14,806
Credit losses and other 0     0     0 0
Total operating costs and expenses 5,868     6,059     18,830 15,255
Other operating income (expense), net 0     0     0 0
Operating income (loss) (5,868)     (6,059)     (18,830) (15,255)
Other income (expense):                
Derivative instruments gain (loss), net 379     (2,320)     (211) (2,268)
Interest income (expense), net (1,293)     215     1,392 464
Bargain purchase gain 0           19,898 (1,412)
Other income (expense), net (597)     75     (3,856) (103)
Total other expense, net (1,511)     (2,030)     17,223 (3,319)
Income (loss) before income taxes (7,379)     (8,089)     (1,608) (18,574)
Income tax expense (benefit) 7,575     11,783     360 6,060
Net income (loss) (14,953)     (19,872)     (1,967) (24,634)
Consolidated capital expenditures $ 1,839     $ 0     $ 3,840 $ 36