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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Oil and gas sales $ 21,828 $ 14,216
Lease bonus and other income 779  
Loss on commodity derivative instruments (302) (1,712)
Total revenue 22,305 12,504
Operating expenses:    
Production and ad valorem taxes 1,365 810
Marketing and transportation 374 391
Amortization of royalty interests in oil and natural gas properties 3,424 3,187
General, administrative, and other 5,865 3,436
Total operating expenses 11,028 7,824
Operating income 11,277 4,680
Other income (expense):    
Change in fair value of warrant liability (5,189) (3,202)
Other income 13 13
Interest expense (493) (487)
Total other income (expense) (5,669) (3,676)
Income before income taxes 5,608 1,004
Provision for income taxes 1,820 459
Net income: 3,788 545
Net income attributable to non-controlling interests (4,917) (1,952)
Net loss attributable to common shareholders $ (1,129) $ (1,407)
Loss per common share:    
Common shares - basic and diluted $ (0.03) $ (0.03)
Weighted average number of shares outstanding:    
Common shares - basic and diluted 47,048 46,125