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Nature of operations and summary of significant accounting policies and going concern (Tables)
 6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Schedule of accounts receivable
June 30,
2020		December 31,
2019
Joint interests$9,992  $16,664  
Commodity sales14,416  30,819  
Derivative settlements15,540  717  
Other3,249  2,544  
Allowance for credit losses(4,215) (1,097) 
 $38,982  $49,647  
Schedule of accounts receivable, allowance for credit loss Our credit loss expense is included as a component of “General and administrative expenses” on our consolidated statement of operations and is as follows:
Three months ended June 30,Six months ended June 30,
2020201920202019
Credit losses on receivables$1,447  $(18) $2,964  $(276) 
The table below segregates our joint interest receivables based on the amount of revenues payable which can be utilized to offset the receivable balance. We consider this segregation to be a reasonable indicator of credit quality.
Joint interest receivables, grossJune 30,
2020
Accounts which have sufficient related revenue distributions payable to offset entire receivable balance$258  
Accounts which have related revenue distributions payable but not sufficient to offset entire receivable balance3,711  
Accounts without related revenue distributions payable 6,023  
Total$9,992  

Allowance for credit losses. The table below discloses activity on our receivables allowance account:
Six months ended June 30, 2020
Commodity salesJoint interestDerivativesOtherTotal
Balance at January 1, 2020$—  $1,097  $—  $—  $1,097  
Cumulative effect of accounting standard adoption154  —  —  —  154  
Credit losses59  2,905  —  —  2,964  
Write-offs—  —  —  —  —  
Recoveries—  —  —  —  —  
Balance at June 30, 2020$213  $4,002  $—  $—  $4,215  
Schedule of inventories
Inventories consisted of the following:
June 30,
2020		December 31,
2019
Equipment inventory$2,673  $3,435  
Commodities425  474  
Inventory valuation allowance(642) (179) 
 $2,456  $3,730  
Schedule of property and equipment, net
Major classes of property and equipment are shown in the following:
June 30,
2020		December 31,
2019
Machinery and equipment$3,229  $3,543  
Office and computer equipment3,606  3,363  
Automobiles and trucks2,469  3,071  
Building and improvements664  693  
Furniture and fixtures8  8  
 9,976  10,678  
Less accumulated depreciation, amortization and impairment3,963  3,459  
 6,013  7,219  
Land1,935  1,998  
 $7,948  $9,217  
Schedule of assets held for sale Our held for sale assets are as follows:
Carrying value at
June 30,
2020		December 31,
2019
Equipment$—  $1,572  
Vehicles111  488  
Real estate—  800  
Total held for sale$111  $2,860  
Schedule of unevaluated oil and natural gas properties
The costs of unevaluated oil and natural gas properties consisted of the following:
June 30,
2020		December 31,
2019
Leasehold acreage$135,059  $334,083  
Capitalized interest6,317  16,785  
Wells and facilities in progress of completion919  20,361  
Total unevaluated oil and natural gas properties excluded from amortization$142,295  $371,229  
Schedule of impairment of oil and gas properties These losses are reflected in “Impairment of oil and gas assets” in our consolidated statements of operations. The ceiling test impairment we recorded in the current year was driven in part by our impairment of unevaluated leasehold in the amount $216,173 and $218,741 for the three and six month periods ending June 30, 2020, respectively. Impairments of leasehold result in a transfer of amounts from unevaluated oil and natural gas properties to the full cost amortization base subsequently impacting the ceiling test.
Three months ended June 30,Six months ended June 30,
2020201920202019
Impairment of oil and gas assets384,639  $63,593  $456,010  $113,315  
Schedule of disaggregation of revenue
The following table displays the revenue disaggregated and reconciles the disaggregated revenue to the revenue reported:
Three months ended June 30,Six months ended June 30,
 2020201920202019
Revenues: 
Oil$10,384  $50,990  $47,410  $83,792  
Natural gas5,679  10,476  14,334  21,682  
Natural gas liquids3,903  11,025  13,585  20,242  
Gross commodity sales19,966  72,491  75,329  125,716  
Transportation and processing(4,086) (5,784) (10,598) (10,390) 
Net commodity sales$15,880  $66,707  $64,731  $115,326  
Schedule of effective income tax rate The consistent effective tax rate, as disclosed below, is a result of maintaining a valuation allowance against substantially all of our net deferred tax asset.
Three months ended June 30,Six months ended June 30,
2020201920202019
Effective income tax rate0.0 %0.0 %0.0 %0.0 %