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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 14,480,867 $ 14,204,250
Oil, natural gas and NGL receivables 14,257,713 19,170,762
Commodity derivative assets 7,339,322 687,933
Accounts receivable and other current assets 585,853 76,868
Total current assets 36,663,755 34,139,813
Property and equipment, net 1,297,203 1,327,057
Investment in affiliate (equity method) 4,372,757 2,952,264
Oil and natural gas properties    
Oil and natural gas properties, using full cost method of accounting ($188,054,927 and $275,041,784 excluded from depletion at March 31, 2010 and December 31, 2019, respectively) 1,033,552,717 1,033,355,017
Less: accumulated depreciation, depletion and impairment (413,039,389) (328,913,425)
Total oil and natural gas properties, net 620,513,328 704,441,592
Deposits on oil and natural gas properties 9,681,408  
Right-of-use assets, net 3,332,164 3,399,634
Commodity derivative assets 2,444,040 116,568
Loan origination costs, net 1,950,808 2,217,126
Total assets 680,255,463 748,594,054
Current liabilities    
Accounts payable 757,157 1,207,736
Other current liabilities 3,421,985 4,231,579
Total current liabilities 4,179,142 5,439,315
Operating lease liabilities, excluding current portion 3,057,156 3,124,416
Long-term debt 101,223,602 100,135,477
Total liabilities 108,459,900 108,699,208
Commitments and contingencies (Note 15)
Mezzanine equity:    
Series A preferred units (55,000 and 110,000 units issued and outstanding as of March 31, 2020 and December 31, 2019, respectively) 40,819,707 74,909,732
Unitholders' equity:    
Common units (34,378,849 units issued and outstanding as of March 31, 2020 and 23,518,652 units issued and outstanding as of December 31, 2019) 367,263,993 282,549,841
Class B units (20,644,047 units issued and outstanding as of March 31, 2020 and 25,557,606 units issued and outstanding as of December 31, 2019) 1,032,202 1,277,880
Total unitholders' equity 368,296,195 283,827,721
Noncontrolling interest 162,679,661 281,157,393
Total equity 530,975,856 564,985,114
Total liabilities, mezzanine equity and unitholders' equity $ 680,255,463 $ 748,594,054