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Condensed Consolidated and Combined Statements of Operations (Unaudited) - USD ($)
shares in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended
Sep. 30, 2020
Aug. 21, 2020
Sep. 30, 2019
Aug. 21, 2020
Sep. 30, 2019
Operating Revenues:          
Operating revenues $ 4,834,000 $ 2,656,000 $ 1,443,000 $ 8,223,000 $ 4,257,000
Operating Costs and Expenses:          
Oil and natural gas production 671,000 667,000 536,000 4,870,000 1,794,000
Production and ad valorem taxes 257,000 164,000 80,000 566,000 261,000
Exploration and abandonments 66,000 159,000 4,000 2,817,000
Depletion, depreciation and amortization 2,327,000 1,294,000 822,000 6,385,000 2,657,000
Accretion of discount on asset retirement obligations 15,000 20,000 14,000 89,000 38,000
General and administrative 816,000 567,000 841,000 4,840,000 2,523,000
Stock-based compensation 14,508,000
Total operating costs and expenses 18,660,000 2,712,000 2,452,000 16,754,000 10,090,000
Loss from operations (13,826,000) (56,000) (1,009,000) (8,531,000) (5,833,000)
Interest income 1,000
Other expense (76,503,000)
Loss before income taxes (13,825,000) (56,000) (1,009,000) (85,034,000) (5,833,000)
Income tax benefit (2,309,000)
Net loss $ (11,516,000) $ (56,000) $ (1,009,000) $ (85,034,000) $ (5,833,000)
Earnings per share:          
Basic net loss (in dollars per share) $ (0.13)
Diluted net loss (in dollars per share) $ (0.13)
Weighted average shares outstanding:          
Basic (in shares) 91,592
Diluted (in shares) 91,592
Crude Oil Sales [Member]          
Operating Revenues:          
Operating revenues $ 4,787,000 $ 2,607,000 $ 1,419,000 $ 8,069,000 $ 4,154,000
Natural Gas and NGL Sales [Member]          
Operating Revenues:          
Operating revenues $ 47,000 $ 49,000 $ 24,000 $ 154,000 $ 103,000