2023 Q1 Form 10-K Financial Statement

#000143774923010447 Filed on April 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.876M $2.876M
YoY Change -71.34% -71.34%
Cash & Equivalents $2.876M $2.876M
Short-Term Investments
Other Short-Term Assets $357.0K $3.376M
YoY Change -28.31% 577.91%
Inventory
Prepaid Expenses
Receivables $4.961M $4.878M
Other Receivables $83.00K $83.00K
Total Short-Term Assets $11.21M $11.21M
YoY Change -53.43% -53.43%
LONG-TERM ASSETS
Property, Plant & Equipment $43.99M $43.99M
YoY Change -58.49% -58.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $15.09M $15.09M
YoY Change
Other Assets $255.0K $255.0K
YoY Change 0.0% 0.0%
Total Long-Term Assets $59.33M $59.33M
YoY Change -44.23% -44.23%
TOTAL ASSETS
Total Short-Term Assets $11.21M $11.21M
Total Long-Term Assets $59.33M $59.33M
Total Assets $70.55M $70.55M
YoY Change -45.93% -45.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.207M $4.207M
YoY Change -10.07% -10.07%
Accrued Expenses $136.0K $137.0K
YoY Change -60.81% -84.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $6.369M $6.369M
YoY Change -97.35% -97.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $3.041M $3.041M
YoY Change -36.88% -36.88%
Total Long-Term Liabilities $3.041M $3.041M
YoY Change -56.7% -56.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.369M $6.369M
Total Long-Term Liabilities $3.041M $3.041M
Total Liabilities $9.410M $9.410M
YoY Change -96.19% -96.19%
SHAREHOLDERS EQUITY
Retained Earnings -$509.8M
YoY Change -6.82%
Common Stock $570.9M
YoY Change 32.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $61.14M $61.14M
YoY Change
Total Liabilities & Shareholders Equity $70.55M $70.55M
YoY Change -45.93% -45.93%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0000867665
CY2022 dei Entity Registrant Name
EntityRegistrantName
ABRAXAS PETROLEUM CORP
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8421910
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8421910
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
100701430
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
100701430
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
946000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
3296000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
100000 usd
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2021Q4 us-gaap Gas Imbalance Asset Liability
GasImbalanceAssetLiability
0 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
001-16071
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
74-2584033
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
19100 Ridgewood Parkway, Suite 1200
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
San Antonio
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
78259
CY2022 dei City Area Code
CityAreaCode
210
CY2022 dei Local Phone Number
LocalPhoneNumber
490-4788
CY2022 dei Security12b Title
Security12bTitle
Common Stock, par value $.01 per share
CY2022 dei Trading Symbol
TradingSymbol
AXAS
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Public Float
EntityPublicFloat
15752023 usd
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
100701430
CY2022 dei Auditor Firm
AuditorFirmId
297
CY2022 dei Auditor Name
AuditorName
ADKF, P.C.
CY2022 dei Auditor Location
AuditorLocation
San Antonio, Texas
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10034000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2876000 usd
CY2021Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
1117000 usd
CY2022Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
163000 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
12280000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
4715000 usd
CY2021Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
150000 usd
CY2022Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
83000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
13547000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4961000 usd
CY2021Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
0 usd
CY2022Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
3019000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
498000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
357000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
24079000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
11213000 usd
CY2021Q4 axas Proved Oil And Gas Property Full Cost Method Gross
ProvedOilAndGasPropertyFullCostMethodGross
1165707000 usd
CY2022Q4 axas Proved Oil And Gas Property Full Cost Method Gross
ProvedOilAndGasPropertyFullCostMethodGross
1122670000 usd
CY2021Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
39337000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
3386000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1205044000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1126056000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1099075000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1082069000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
105969000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
43987000 usd
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
15091000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
173000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
255000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
255000 usd
CY2021Q4 us-gaap Assets
Assets
130476000 usd
CY2022Q4 us-gaap Assets
Assets
70547000 usd
CY2021Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
4678000 usd
CY2022Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
4207000 usd
CY2021Q4 us-gaap Oil And Gas Sales Payable Current
OilAndGasSalesPayableCurrent
13347000 usd
CY2022Q4 us-gaap Oil And Gas Sales Payable Current
OilAndGasSalesPayableCurrent
2025000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
477000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
0 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
347000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
136000 usd
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
442000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 usd
CY2021Q4 axas Termination Value Of Hedge Contracts
TerminationValueOfHedgeContracts
8022000 usd
CY2022Q4 axas Termination Value Of Hedge Contracts
TerminationValueOfHedgeContracts
0 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
40000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
212688000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
240041000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6369000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
110000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4708000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3041000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
247064000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
9410000 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
84000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
1007000 usd
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
430422000 usd
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
569896000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-547094000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-509766000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-116588000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
61137000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
130476000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
70547000 usd
CY2021 us-gaap Other Income
OtherIncome
22000 usd
CY2022 us-gaap Other Income
OtherIncome
22000 usd
CY2021 us-gaap Revenues
Revenues
78858000 usd
CY2022 us-gaap Revenues
Revenues
49737000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
17914000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
10104000 usd
CY2021 us-gaap Production Tax Expense
ProductionTaxExpense
6223000 usd
CY2022 us-gaap Production Tax Expense
ProductionTaxExpense
4458000 usd
CY2021 axas Rig Expense
RigExpense
478000 usd
CY2022 axas Rig Expense
RigExpense
412000 usd
CY2021 axas Depreciation Depletion Amortization And Accretion
DepreciationDepletionAmortizationAndAccretion
15643000 usd
CY2022 axas Depreciation Depletion Amortization And Accretion
DepreciationDepletionAmortizationAndAccretion
6511000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8116000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12575000 usd
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
48374000 usd
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
34060000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
30484000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
15677000 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
15000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
37000 usd
CY2021 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
35773000 usd
CY2022 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
111000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4804000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 usd
CY2021 axas Write Off Of Deferred Debt Issuance Cost And Warrants
WriteOffOfDeferredDebtIssuanceCostAndWarrants
4212000 usd
CY2022 axas Write Off Of Deferred Debt Issuance Cost And Warrants
WriteOffOfDeferredDebtIssuanceCostAndWarrants
0 usd
CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
-0 usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
-4409000 usd
CY2021 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-33022000 usd
CY2022 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-0 usd
CY2021 axas Loss On Disposal Of Drilling Rig
LossOnDisposalOfDrillingRig
0 usd
CY2022 axas Loss On Disposal Of Drilling Rig
LossOnDisposalOfDrillingRig
8225000 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
29000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-668000 usd
CY2021 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
-0 usd
CY2022 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
28982000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-0 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-600000 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-75051000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
21651000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-44567000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
37328000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-0 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-44567000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
37328000 usd
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.30
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.44
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.30
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8408000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25868000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8408000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25868000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-72967000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-44567000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
946000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-116588000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
37328000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3296000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
137101000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
61137000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-44567000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
37328000 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
29000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-668000 usd
CY2021 axas Loss On Disposal Of Drilling Rig
LossOnDisposalOfDrillingRig
0 usd
CY2022 axas Loss On Disposal Of Drilling Rig
LossOnDisposalOfDrillingRig
8225000 usd
CY2021 us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
-0 usd
CY2022 us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
28982000 usd
CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-33022000 usd
CY2022 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-0 usd
CY2021 us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
3197000 usd
CY2022 us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
-0 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15312000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6341000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
8781000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0 usd
CY2021 axas Noncash Financing Fees And Warrant Cancellation
NoncashFinancingFeesAndWarrantCancellation
194000 usd
CY2022 axas Noncash Financing Fees And Warrant Cancellation
NoncashFinancingFeesAndWarrantCancellation
0 usd
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
330000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
170000 usd
CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
-0 usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
-4409000 usd
CY2021 axas Payments For Plugging Cost
PaymentsForPluggingCost
342000 usd
CY2022 axas Payments For Plugging Cost
PaymentsForPluggingCost
-0 usd
CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
24705000 usd
CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
0 usd
CY2021 axas Non Cash Hedge Contract Termination
NonCashHedgeContractTermination
9943000 usd
CY2022 axas Non Cash Hedge Contract Termination
NonCashHedgeContractTermination
-401000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
946000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
3296000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3498000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8586000 usd
CY2021 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-0 usd
CY2022 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-3019000 usd
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
8851000 usd
CY2022 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
3297000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3151000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-11717000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-765000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-688000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
32419000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20312000 usd
CY2021 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
887000 usd
CY2022 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
1544000 usd
CY2021 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
-0 usd
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
19500000 usd
CY2021 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
141000 usd
CY2022 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
71696000 usd
CY2021 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
228000 usd
CY2022 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
646000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-518000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
51298000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1332000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
25816000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
77966000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
158000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
802000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24642000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-78768000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7259000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7158000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2775000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10034000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10034000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2876000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
6463000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
70000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2021 us-gaap Stock Issued1
StockIssued1
0 usd
CY2022 us-gaap Stock Issued1
StockIssued1
137101000 usd
CY2021 axas Asset Retirement Obligation Cost And Liabilities
AssetRetirementObligationCostAndLiabilities
204000 usd
CY2022 axas Asset Retirement Obligation Cost And Liabilities
AssetRetirementObligationCostAndLiabilities
0 usd
CY2021 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
-2845000 usd
CY2022 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
-1837000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-6645000 usd
CY2021 axas Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
5000 usd
CY2022 axas Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
-76000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"/> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i>Use of Estimates</i></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The consolidated financial statements of the Company have been prepared by management in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The most significant estimates pertain to proved oil, gas and NGL reserves and related cash flow estimates used in impairment tests of oil and gas properties, the fair value of assets and liabilities acquired in business combinations, derivative contracts, the provision for income taxes including uncertain tax positions, stock based compensation, asset retirement obligations, accrued oil and gas revenues and expenses, as well as estimates of expenses related to depreciation, depletion, amortization and accretion. Actual results could differ from those estimates.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The process of estimating oil and gas reserves in accordance with SEC requirements is complex and involves decisions and assumptions in evaluating the available geological, geophysical, engineering and economic data.  Accordingly, these estimates are imprecise.  Actual future production, oil and gas prices, differentials, revenues, taxes, capital expenditures, operating expenses and quantities of recoverable oil and gas reserves most likely will vary from those estimated.  Any significant variance could materially affect the estimated quantities and present value of our reserves.  In addition, we <em style="font: inherit;"> may </em>adjust estimates of proved reserves to reflect production history, results of exploration and development, our ability to fund estimated development cost, prevailing oil and gas prices and other factors, many of which are beyond our control.</p>
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"/> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 0pt;"><i>Reclassifications</i></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 28.95pt 0pt 3pt; text-indent: 36pt;">Certain reclassifications have been made to the prior year financial statements to conform to the current period presentation.  These reclassifications were to share and per share data related to the <em style="font: inherit;">1</em> for 20 reverse stock split effective</p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 28.95pt 0pt -42pt; text-indent: 36pt; text-align: justify;"> <em style="font: inherit;"> October 19, 2020 </em>and had <em style="font: inherit;">no</em> effect on our previously reported results of operations.</p>
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
2845000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"/> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i>Concentration of Credit Risk</i></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">Financial instruments which potentially expose the Company to credit risk consist principally of trade receivables and derivative contracts.  Accounts receivable are generally from companies with significant oil and gas marketing or operating activities.  The Company performs ongoing credit evaluations and, generally, requires <em style="font: inherit;">no</em> collateral from its customers. The counterparties to our derivative contracts are the same financial institutions from which we have outstanding debt; accordingly, we believe our exposure to credit risk to these counterparties is currently mitigated in part by this, as well as the current overall financial condition of the counterparties.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The Company maintains any cash and cash equivalents in excess of federally insured limits in prominent financial institutions considered by the Company to be of high credit quality.</p>
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
100000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2022Q4 axas Discount Rate Used In Future Net Cash Flows Relating To Proved Oil And Gas Reserves
DiscountRateUsedInFutureNetCashFlowsRelatingToProvedOilAndGasReserves
0.10 pure
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
900000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
3300000 usd
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
7360000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4708000 usd
CY2021 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1837000 usd
CY2021 axas Asset Retirement Obligation Plugging Costs
AssetRetirementObligationPluggingCosts
342000 usd
CY2022 axas Asset Retirement Obligation Plugging Costs
AssetRetirementObligationPluggingCosts
-0 usd
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
330000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
170000 usd
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
204000 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4708000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3041000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
73700000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q4 us-gaap Gas Imbalance Asset Liability
GasImbalanceAssetLiability
0 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
12300000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
4700000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
218822000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
0 usd
CY2021Q4 axas Long Term Debt Current Maturities Gross
LongTermDebtCurrentMaturitiesGross
212688000 usd
CY2022Q4 axas Long Term Debt Current Maturities Gross
LongTermDebtCurrentMaturitiesGross
-0 usd
CY2021Q4 axas Longterm Debt Noncurrent Gross
LongtermDebtNoncurrentGross
6134000 usd
CY2022Q4 axas Longterm Debt Noncurrent Gross
LongtermDebtNoncurrentGross
0 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3929000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
-0 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
2205000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
0 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1205044000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1126056000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1099075000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1082069000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
105969000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
43987000 usd
CY2022 axas Loss On Disposal Of Drilling Rig
LossOnDisposalOfDrillingRig
8225000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
418000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-7007000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
50431000 usd
CY2021 axas Effective Income Tax Rate Reconciliation Alternative Minimum Tax Amount
EffectiveIncomeTaxRateReconciliationAlternativeMinimumTaxAmount
0 usd
CY2022 axas Effective Income Tax Rate Reconciliation Alternative Minimum Tax Amount
EffectiveIncomeTaxRateReconciliationAlternativeMinimumTaxAmount
0 usd
CY2021 axas Effective Income Tax Rate Reconciliation Expired Capital Loss Carryover Amount
EffectiveIncomeTaxRateReconciliationExpiredCapitalLossCarryoverAmount
-3421000 usd
CY2022 axas Effective Income Tax Rate Reconciliation Expired Capital Loss Carryover Amount
EffectiveIncomeTaxRateReconciliationExpiredCapitalLossCarryoverAmount
-307000 usd
CY2021 axas Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
368000 usd
CY2022 axas Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
692000 usd
CY2021 axas Effective Income Tax Rate Reconciliation Ownership Change Limitation
EffectiveIncomeTaxRateReconciliationOwnershipChangeLimitation
0 usd
CY2022 axas Effective Income Tax Rate Reconciliation Ownership Change Limitation
EffectiveIncomeTaxRateReconciliationOwnershipChangeLimitation
-41160000 usd
CY2021 axas Effective Income Tax Rate Reconciliation Return To Provision Estimate Revision
EffectiveIncomeTaxRateReconciliationReturnToProvisionEstimateRevision
0 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
0 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
0 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2855000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
0 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2855000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0 usd
CY2021Q4 axas Deferred Tax Assets Us Full Cost Pool
DeferredTaxAssetsUSFullCostPool
24464000 usd
CY2022Q4 axas Deferred Tax Assets Us Full Cost Pool
DeferredTaxAssetsUSFullCostPool
17533000 usd
CY2021Q4 axas Deferred Tax Assets Depletion Carryforward
DeferredTaxAssetsDepletionCarryforward
470000 usd
CY2022Q4 axas Deferred Tax Assets Depletion Carryforward
DeferredTaxAssetsDepletionCarryforward
452000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
96120000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
50103000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
100000 usd
CY2022Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
956000 usd
CY2021Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
5781000 usd
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
4367000 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
239000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
126935000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
73650000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
124080000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
73650000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2855000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
124100000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
73700000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
9359000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-7839000 usd
CY2022 axas Effective Income Tax Rate Reconciliation Return To Provision Estimate Revision
EffectiveIncomeTaxRateReconciliationReturnToProvisionEstimateRevision
-2070000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
688000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
253000 usd
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
13000 usd
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
0 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-44567000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
37328000 usd
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8408000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25868000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8408000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25868000
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.30
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.44
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.30
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
CY2021 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
125276 usd
CY2022 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
85516 usd
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.01 pure
CY2022 axas Defined Contribution Plan Employer Matching Contribution Amount Of Cents Per Dollar Increase For Each Additional Percentage Point
DefinedContributionPlanEmployerMatchingContributionAmountOfCentsPerDollarIncreaseForEachAdditionalPercentagePoint
50 pure
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.05 pure
CY2021 axas Defined Contribution Plan Employee Contribution Limit Below50 Years Of Age
DefinedContributionPlanEmployeeContributionLimitBelow50YearsOfAge
19500 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
40000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
110000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y5M15D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y29D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.06 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.06 pure
CY2021 axas Defined Contribution Plan Employee Contribution Limit50 Years Of Age Or Older
DefinedContributionPlanEmployeeContributionLimit50YearsOfAgeOrOlder
26000 usd
CY2022 axas Defined Contribution Plan Employee Contribution Limit Below50 Years Of Age
DefinedContributionPlanEmployeeContributionLimitBelow50YearsOfAge
20500 usd
CY2022 axas Defined Contribution Plan Employee Contribution Limit50 Years Of Age Or Older
DefinedContributionPlanEmployeeContributionLimit50YearsOfAgeOrOlder
27000 usd
CY2021Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
0 usd
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
442000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
65000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
11000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1913000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
578000 usd
CY2021 us-gaap Lease Cost
LeaseCost
1978000 usd
CY2022 us-gaap Lease Cost
LeaseCost
589000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
173000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
-0 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
65000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
11000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000
CY2021Q4 axas Proved Oil And Gas Property Full Cost Method Gross
ProvedOilAndGasPropertyFullCostMethodGross
1165707000 usd
CY2022Q4 axas Proved Oil And Gas Property Full Cost Method Gross
ProvedOilAndGasPropertyFullCostMethodGross
1122670000 usd
CY2021Q4 axas Unevaluated Oil And Gas Property Full Cost Method Gross
UnevaluatedOilAndGasPropertyFullCostMethodGross
0 usd
CY2022Q4 axas Unevaluated Oil And Gas Property Full Cost Method Gross
UnevaluatedOilAndGasPropertyFullCostMethodGross
0 usd
CY2021Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
1165707000 usd
CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
1122670000 usd
CY2021Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
1074144000 usd
CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
1078865000 usd
CY2021Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
91563000 usd
CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
43805000 usd
CY2021 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
1145000 usd
CY2022 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
1509000 usd
CY2021 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
0 usd
CY2022 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
0 usd
CY2021 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
0 usd
CY2022 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
0 usd
CY2021 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
1145000 usd
CY2022 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
1509000 usd
CY2021 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
78836000 usd
CY2022 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
49715000 usd
CY2021 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
24137000 usd
CY2022 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
14562000 usd
CY2021 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
13495000 usd
CY2022 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
4720000 usd
CY2021 axas Results Of Operations Accretion Of Asset Restoration Obligations
ResultsOfOperationsAccretionOfAssetRestorationObligations
330000 usd
CY2022 axas Results Of Operations Accretion Of Asset Restoration Obligations
ResultsOfOperationsAccretionOfAssetRestorationObligations
170000 usd
CY2021 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
40874000 usd
CY2022 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
30263000 usd
CY2021 axas Depletion Per Barrel Of Oil Equivalent
DepletionPerBarrelOFOilEquivalent
6.67
CY2022 axas Depletion Per Barrel Of Oil Equivalent
DepletionPerBarrelOFOilEquivalent
5.80
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
485982000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
431728000 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
222309000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
192611000 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
5623000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
4728000 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
-0 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
-0 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
258050000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
234389000 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
104775000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
100511000 usd
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
153275000 usd
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
133878000 usd

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
axas-20221231_pre.xml Edgar Link unprocessable
0001437749-23-010447-index-headers.html Edgar Link pending
0001437749-23-010447-index.html Edgar Link pending
0001437749-23-010447.txt Edgar Link pending
0001437749-23-010447-xbrl.zip Edgar Link pending
axas-20221231.xsd Edgar Link pending
axas20221231_10k.htm Edgar Link pending
ex_454589.htm Edgar Link pending
ex_454590.htm Edgar Link pending
ex_454592.htm Edgar Link pending
ex_454594.htm Edgar Link pending
axas-20221231_cal.xml Edgar Link unprocessable
axas-20221231_def.xml Edgar Link unprocessable
axas-20221231_lab.xml Edgar Link unprocessable
axas20221231_10k_htm.xml Edgar Link completed
ex_482183.htm Edgar Link pending
ex_482257.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
footer01.jpg Edgar Link pending
header01.jpg Edgar Link pending
header02.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
nsai.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending