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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:                      
Oil and gas sales                 $ 40,081 $ 68,463 $ 98,655
Gain (loss) on commodity derivative instruments                 (1,200)   (1,456)
Total revenue $ 9,497 $ 9,669 $ 6,115 $ 13,600 $ 13,051 $ 15,908 $ 18,246 $ 21,258 38,881 68,463 97,199
Operating expenses:                      
Production and ad valorem taxes                 2,807 4,262 5,143
Marketing and transportation                 1,993 2,396 2,368
Amortization of royalty interests in oil and natural gas properties                 14,103 12,737 16,962
General, administrative, and other                 11,997 11,912 9,544
Total operating expenses                 30,900 31,307 34,017
Operating income 1,469 2,014 (1,104) 5,602 4,968 8,081 10,776 13,331 7,981 37,156 63,182
Other income (expense):                      
Gain on the sale of assets                     41,382
Change in fair value of warrant liability                 5,128 6,069 27,800
Other income                 125 165 46
Interest expense                 (2,197) (2,489) (2,350)
Total other income (expense)                 3,056 3,745 66,878
Income before income taxes                 11,037 40,901 130,060
Provision for income taxes                 589 3,918 3,292
Income from continuing operations                 10,448 36,983 126,768
Income from discontinued operations                     2,139
Net income                 10,448 36,983 128,907
Net income attributable to non-controlling interests                 (2,748) (16,564) (10,982)
Net income attributable to common shareholders/unitholders $ (1,375) $ 1,560 $ (368) $ 7,883 $ 1,118 $ 16,400 $ 2,406 $ 495 $ 7,700 $ 20,419 $ 117,925
Earnings per common share:                      
Common shares - basic $ (0.03) $ 0.03 $ (0.01) $ 0.17 $ 0.02 $ 0.36 $ 0.05 $ 0.01 $ 0.17 $ 0.44 $ 0.81
Common shares - diluted $ (0.03) $ 0.02 $ (0.01) $ 0.11 $ 0.02 $ 0.22 $ 0.05 $ 0.01 $ 0.11 $ 0.39 $ 0.53
Weighted average number of shares outstanding:                      
Common shares - basic 46,099 46,055 46,001 45,967 45,956 45,899 45,858 45,856 46,031 45,893 45,855
Common shares - diluted 46,099 86,055 46,001 85,967 45,956 85,899 45,858 45,856 86,031 85,893 85,855