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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 20,297,982 $ 15,773,987
Oil, natural gas and NGL receivables 16,934,026 18,809,170
Commodity derivative assets 2,380,629 2,981,117
Accounts receivable and other current assets 440,390 50,551
Total current assets 40,053,027 37,614,825
Property and equipment, net 1,202,434 429,602
Investment in affiliate (equity method) 2,885,037  
Oil and natural gas properties    
Oil and natural gas properties, using full cost method of accounting ($299,613,448 and $280,304,353 excluded from depletion at September 30, 2019 and December 31, 2018, respectively) 987,942,123 818,594,943
Less: accumulated depreciation, depletion, accretion and impairment (211,242,100) (107,779,453)
Total oil and natural gas properties, net 776,700,023 710,815,490
Deposits on oil and natural gas properties 986,000  
Right-of-use assets, net 3,466,101  
Commodity derivative assets 969,062 1,246,829
Loan origination costs, net 2,483,443 3,178,627
Total assets 828,745,127 753,285,373
Current liabilities    
Accounts payable 1,131,402 1,331,081
Other current liabilities 5,667,143 2,468,945
Total current liabilities 6,798,545 3,800,026
Operating lease liabilities 3,436,847  
Long-term debt 91,261,477 87,309,544
Total liabilities 101,496,869 91,109,570
Commitments and contingencies (Note 15)
Mezzanine equity:    
Series A preferred units (110,000 units issued and outstanding as of September 30, 2019 and December 31, 2018) 73,365,147 69,449,006
Unitholders' equity    
Common units (23,520,219 units issued and outstanding as of September 30, 2019 and 18,056,487 units issued and outstanding as of December 31, 2018) 341,969,430 299,821,901
Class B units (23,388,258 units issued and outstanding as of September 30, 2019 and 19,453,258 units issued and outstanding as of December 31, 2018) 1,169,413 972,663
Total unitholders' equity 343,138,843 300,794,564
Noncontrolling interest 310,744,268 291,932,233
Total equity 653,883,111 592,726,797
Total liabilities, mezzanine equity and unitholders' equity $ 828,745,127 $ 753,285,373