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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
(Loss) gain on commodity derivative instruments, net $ (4,040,972) $ 2,733,582 $ 6,091,641 $ (2,236,208)
Total revenues 12,803,034 31,936,601 48,750,405 49,883,810
Costs and expenses        
Production and ad valorem taxes 1,454,508 1,924,943 3,076,251 3,521,337
Depreciation and depletion expense 12,026,481 12,311,443 25,297,164 22,592,451
Impairment of oil and natural gas properties 65,535,973 28,146,711 136,461,704 30,948,909
Marketing and other deductions 2,049,379 1,749,040 4,180,931 3,606,083
General and administrative expense 6,865,149 6,220,499 13,389,460 11,553,865
Total costs and expenses 87,931,490 50,352,636 182,405,510 72,222,645
Operating loss (75,128,456) (18,416,035) (133,655,105) (22,338,835)
Other income (expense)        
Equity income in affiliate 4,003   167,557  
Interest expense (1,665,597) (1,441,651) (3,086,901) (2,864,214)
Net loss before income taxes (76,790,050) (19,857,686) (136,574,449) (25,203,049)
Provision for income taxes   507,801   507,801
Net loss (76,790,050) (20,365,487) (136,574,449) (25,710,850)
Distribution and accretion on Series A preferred units (1,577,968) (3,469,584) (4,654,652) (6,939,168)
Net loss and distributions and accretion on Series A preferred units attributable to noncontrolling interests 30,362,508 12,100,511 53,947,364 17,252,020
Distribution on Class B units (23,141) (23,814) (47,948) (47,628)
Net loss attributable to common units $ (48,028,651) $ (11,758,374) $ (87,329,685) $ (15,445,626)
Net loss attributable to common units        
Net loss attributable to common units per unit (basic) (in dollar per share) $ (1.39) $ (0.54) $ (2.68) $ (0.78)
Net loss attributable to common units per unit (diluted) (in dollar per share) $ (1.39) $ (0.54) $ (2.68) $ (0.78)
Weighted average number of common units outstanding        
Weighted average number of common units outstanding Basic (in units) 34,650,317 21,727,185 32,589,568 19,859,618
Weighted average number of common units outstanding Diluted (in units) 34,650,317 21,727,185 32,589,568 19,859,618
Oil, natural gas and NGL revenues        
Revenue $ 16,775,397 $ 27,913,975 $ 42,360,836 $ 50,747,368
Lease bonus and other income        
Revenue $ 68,609 $ 1,289,044 $ 297,928 $ 1,372,650