Reporting Segments (Tables)

3 Months Ended

Mar. 31, 2020

Reporting Segments

Schedule of segment information

The following tables present financial information for each operating segment for the periods indicated based on our operating segments (in thousands):

	Three Months Ended March 31,
	2020				2019
	Production		Midstream		Production		Midstream
Segment revenues
Natural gas sales	$	234	$	—	$	110	$	—
Oil sales		7,187		—		(739)		—
Natural gas liquid sales		31		—		179		—
Gathering and transportation sales		—		785		—		1,683
Gathering and transportation lease revenues		—		12,606		—		16,257
Total segment revenues		7,452		13,391		(450)		17,940
Segment operating costs
Lease operating expenses		1,858		51		1,319		396
Transportation operating expenses		—		2,558		—		2,676
Production taxes		106		—		183		—
Depreciation, depletion and amortization		772		5,143		1,095		5,334
Asset impairments		23,247		—		—		—
Accretion expense		52		86		54		79
Total segment operating costs		26,035		7,838		2,651		8,485
Segment other income
Earnings (losses) from equity investments		—		(1,202)		—		1,442
Total segment other income		—		(1,202)		—		1,442
Segment operating income (loss)	$	(18,583)	$	4,351	$	(3,101)	$	10,897

	Three Months Ended
	March 31,
	2020		2019
Reconciliation of segment operating income (loss) to net loss
Total production operating loss	$	(18,583)	$	(3,101)
Total midstream operating income		4,351		10,897
Total segment operating income (loss)		(14,232)		7,796
General and administrative expense		(3,775)		(4,749)
Unit-based compensation expense		(398)		(635)
Interest expense, net		(23,009)		(2,786)
Other income		—		46
Income tax benefit (expense)		73		(46)
Net loss	$	(41,341)	$	(374)

Schedule of reconciliation of segment operating income to net income (loss)

	Three Months Ended
	March 31,
	2020		2019
Reconciliation of segment operating income (loss) to net loss
Total production operating loss	$	(18,583)	$	(3,101)
Total midstream operating income		4,351		10,897
Total segment operating income (loss)		(14,232)		7,796
General and administrative expense		(3,775)		(4,749)
Unit-based compensation expense		(398)		(635)
Interest expense, net		(23,009)		(2,786)
Other income		—		46
Income tax benefit (expense)		73		(46)
Net loss	$	(41,341)	$	(374)

Summary of assets and capital expenditures by operating segment

The following table summarizes the total assets by operating segment as of March 31, 2020 and December 31, 2019 and total capital expenditures for the three months ended March 31, 2020 and the year ended December 31, 2019 (in thousands):

	March 31, 2020
	Production		Midstream		Corporate (a)		Total
Other financial information
Total assets	$	24,243	$	356,635	$	2,905	$	383,783
Capital expenditures(b)	$	(5)	$	121	$	—	$	116

	December 31, 2019
	Production		Midstream		Corporate (a)		Total
Other financial information
Total assets	$	45,550	$	362,961	$	5,929	$	414,440
Capital expenditures(b)	$	130	$	775	$	—	$	905

(a) Corporate assets not reviewed by the CODM on a segment basis consists of cash, certain prepaid expenses, office furniture, and other assets.

Inclusive of capital contributions made to equity method investments