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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (51,319) $ 16,111
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 52,484 58,578
Loss on sale of assets 1,202 0
Amortization of deferred financing costs 851 461
Deferred tax benefit (9,537) (7,399)
Unrealized foreign exchange loss 432 305
Exploration Expense 13,378 0
Stock-based compensation expense 3,021 2,976
Derivative instruments (gain) loss, net 51,861 (326)
Cash settlements received (paid) on matured derivative contracts, net (32,587) 214
Credit losses and other 844 2
Equipment and other expensed in operations 3,560 2,448
Change in operating assets and liabilities:    
Trade receivables, net 16,697 (47,137)
Accounts with joint venture owners, net (2,970) (853)
Other receivables 158 31,200
Crude oil inventory (3,331) 8,180
Premiums paid on commodity derivative contracts (1,354) 0
Prepayments and other (2,896) (1,673)
Value added tax and other receivables 1,373 6,178
Accounts payable (3,479) 11,212
Foreign income taxes payable (11,867) (20,118)
Accrued liabilities and other 7,954 (9,310)
Net cash provided by operating activities 34,475 51,049
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment expenditures, including exploration expense (181,636) (104,426)
Proceeds from the Canada Assets Divestment 25,474 0
Acquisition of oil and gas properties 0 (3,034)
Net cash used in investing activities (156,162) (107,460)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings 117,000 60,000
Dividend distribution (13,435) (13,127)
Payments for treasury shares (1,985) (709)
Deferred financing costs paid (2,180) (6,910)
Payments of finance leases (6,211) (6,332)
Net cash provided by financing activities 93,189 32,922
Effects of exchange rate changes on cash (32) 96
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (28,530) (23,393)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 66,963 97,726
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 38,433 74,333
Supplemental disclosure of cash flow information:    
Income taxes paid in-kind with crude oil 26,737 32,263
Interest paid, net of interest capitalized 2,834 3,160
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment additions incurred but not paid at end of period 7,614 9,491
Recognition of right-of-use finance lease assets and liabilities 0 2,372
Recognition of right-of-use operating lease assets and liabilities 8,058 0
Changes in asset retirement obligation $ 77 $ 126