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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Gain (loss) on commodity derivative instruments, net $ 2,506,815 $ (3,035,636) $ 270,607 $ (3,858,990)
Total revenues 32,978,851 18,407,956 82,862,661 40,007,192
Costs and expenses        
Production and ad valorem taxes 2,236,405 1,410,335 5,757,742 3,031,732
Depreciation and depletion expense 15,098,107 7,607,137 37,690,558 15,494,439
Impairment of oil and natural gas properties 34,880,071 0 65,828,980 54,753,444
Marketing and other deductions 2,332,010 1,689,780 5,938,093 2,868,655
General and administrative expense 5,694,534 4,879,497 17,248,399 11,650,291
Total costs and expenses 60,241,127 15,586,749 132,463,772 87,798,561
Operating (loss) income (27,262,276) 2,821,207 (49,601,111) (47,791,369)
Other expense        
Equity loss in affiliate 80,896   80,896  
Interest expense 1,468,419 1,843,483 4,332,633 2,677,083
Net (loss) income before income taxes (28,811,591) 977,724 (54,014,640) (50,468,452)
Provision for income taxes 102,997 1,977,116 610,798 1,977,116
Net loss (28,914,588) (999,392) (54,625,438) (52,445,568)
Distribution and accretion on Series A preferred units (3,469,584) (2,840,456) (10,408,752) (2,840,456)
Net loss and distributions and accretion on Series A preferred units attributable to noncontrolling interests 16,146,535 141,003 33,398,555 141,003
Distribution on Class B units (23,414) (12,953) (71,042) (12,953)
Net loss attributable to common units $ (16,261,051) $ (3,711,798) $ (31,706,677) $ (55,157,974)
Net loss attributable to common units        
Net loss attributable to common units per unit (basic) (in dollar per share) $ (0.73) $ (0.15) $ (1.53) $ (2.91)
Net loss attributable to common units per unit (diluted) (in dollar per share) $ (0.73) $ (0.15) $ (1.53) $ (2.91)
Weighted average number of common units outstanding        
Weighted average number of common units outstanding Basic (in units) 22,399,748 24,079,289 20,715,633 18,962,446
Weighted average number of common units outstanding Diluted (in units) 22,399,748 24,079,289 20,715,633 18,962,446
Oil, natural gas and NGL revenues        
Revenue $ 29,531,138 $ 21,085,377 $ 80,278,506 $ 42,741,233
Lease bonus and other income        
Revenue $ 940,898 $ 358,215 $ 2,313,548 $ 1,124,949