Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Income Statement [Abstract] | ||||
| Revenue from Contract with Customer, Product and Service [Extensible Enumeration] | Oil Sales [Member] | |||
| OIL, NATURAL GAS AND NGL SALES (Note 9) | $ 187,181 | $ 149,357 | $ 359,238 | $ 317,530 |
| EXPENSES | ||||
| Operating | 51,561 | 55,602 | 117,710 | 122,692 |
| Transportation | 3,907 | 4,494 | 9,210 | 9,045 |
| Other taxes | 1,389 | 577 | 2,430 | 1,058 |
| Depletion, depreciation and accretion (Note 5) | 62,334 | 68,635 | 132,208 | 140,837 |
| General and administrative | 9,462 | 14,682 | 44,287 | 26,091 |
| Severance | 95 | 0 | 2,563 | 0 |
| Foreign exchange loss | 2,603 | 3,716 | 4,028 | 7,554 |
| Derivative instruments (gain) loss (Note 12) | (11,864) | (14,032) | 76,546 | (12,565) |
| Interest expense (Note 6) | 24,473 | 24,366 | 74,351 | 47,601 |
| EXPENSES | 143,960 | 158,040 | 463,333 | 342,313 |
| INTEREST INCOME | 503 | 251 | 904 | 676 |
| OTHER INCOME (Note 6) | 1,625 | 339 | 2,773 | 287 |
| INCOME (LOSS) BEFORE INCOME TAXES | 45,349 | (8,093) | (100,418) | (23,820) |
| INCOME TAX EXPENSE (RECOVERY) | ||||
| Current (Note 10) | 9,115 | 2,195 | 14,965 | 10,460 |
| Deferred (Note 10) | 11,373 | 2,453 | (21,072) | (2,259) |
| INCOME TAX EXPENSE (RECOVERY) | 20,488 | 4,648 | (6,107) | 8,201 |
| NET INCOME (LOSS) | 24,861 | (12,741) | (94,311) | (32,021) |
| OTHER COMPREHENSIVE INCOME (LOSS) | ||||
| Foreign currency translation adjustment | (1,864) | 9,583 | (2,949) | 9,774 |
| COMPREHENSIVE INCOME (LOSS) | $ 22,997 | $ (3,158) | $ (97,260) | $ (22,247) |
| NET INCOME (LOSS) PER SHARE | ||||
| BASIC (in dollars per share) | $ 0.70 | $ (0.36) | $ (2.67) | $ (0.90) |
| DILUTED (in dollars per share) | $ 0.70 | $ (0.36) | $ (2.67) | $ (0.90) |
| WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) | 35,368,716 | 35,334,692 | 35,334,469 | 35,554,806 |
| WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) | 35,368,716 | 35,334,692 | 35,334,469 | 35,554,806 |
| X | ||||||||||
- Definition Oil Pipeline And Trucking Costs No definition available.
|
| X | ||||||||||
- Definition Other Operating Income (Loss) No definition available.
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of depreciation, depletion, amortization, and accretion charged to expense in oil- and gas-producing activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Indicates product and service for revenue from satisfaction of performance obligation by transferring promised product and service to customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of expenses for special or contractual termination benefits provided to current employees involuntarily terminated under a benefit arrangement associated exit or disposal activities pursuant to an authorized plan. Excludes expenses related to one-time termination benefits, a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of tax expense classified as other. No definition available.
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|