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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Oil $ 34,358,000 $ 39,849,000 $ 34,734,000
Natural gas 5,046,000 5,457,000 9,367,000
Natural gas liquids 2,865,000 2,158,000 3,510,000
Total revenues 42,269,000 47,464,000 47,611,000
OPERATING COSTS AND EXPENSES      
Lease operating expense 13,415,000 14,550,000 9,422,000
Severance taxes 2,198,000 2,582,000 2,002,000
Rig idle and contract termination expense 5,059,000    
Re-engineering and workovers 1,652,000 872,000 708,000
Impairment expense 24,283,000 138,086,000 19,359,000
Depreciation, depletion and amortization 25,937,000 31,228,000 18,414,000
General and administrative expense 9,414,000 9,711,000 6,830,000
Stock-based compensation 3,301,000    
Transaction costs 2,483,000 589,000 1,034,000
Accretion of asset retirement obligation 551,000 550,000 317,000
Exploration expense 5,000 142,000 111,000
Total operating costs and expenses 88,298,000 198,310,000 58,197,000
Gain on sale of oil and gas properties 8,000 1,617,000  
Loss from operations (46,021,000) (149,229,000) (10,586,000)
OTHER INCOME (EXPENSE)      
Interest expense, net (1,282,000) (722,000) (597,000)
(Loss) gain on derivative contracts, net (6,638,000) 6,431,000 4,392,000
Other (expense) income, net (72,000) 423,000 62,000
Total other income (expense) (7,992,000) 6,132,000 3,857,000
Loss before income taxes (54,013,000) (143,097,000) (6,729,000)
Income tax expense (benefit) 528,000 (26,442,000) 22,105,000
Net loss $ (54,541,000) $ (116,655,000) $ (28,834,000)
Net loss per common share:      
Basic $ (2.92) $ (8.43) $ (3.11)
Diluted $ (2.92) $ (8.43) $ (3.11)
Weighted average common shares outstanding:      
Basic 18,651,582 13,835,128 9,279,324
Diluted 18,651,582 13,835,128 9,279,324