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Consolidated and Combined Statements of Operations - USD ($)
shares in Thousands
4 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2020
Aug. 21, 2020
Dec. 31, 2019
Operating Revenues:      
Operating revenues $ 16,400,000 $ 8,223,000 $ 8,115,000
Operating Costs and Expenses:      
Oil and natural gas production 2,653,000 4,870,000 3,372,000
Production and ad valorem taxes 886,000 566,000 449,000
Exploration and abandonments 5,032,000 4,000 2,850,000
Depletion, depreciation and amortization 9,877,000 6,385,000 4,269,000
Accretion of discount on asset retirement obligations 51,000 89,000 72,000
General and administrative 2,775,000 4,840,000 8,682,000
Stock-based compensation 15,776,000 0 0
Total operating costs and expenses 37,050,000 16,754,000 19,694,000
Income (loss) from operations (20,650,000) (8,531,000) (11,579,000)
Interest income 6,000 0 0
Interest expense (8,000) 0 0
Other expense 0 (76,503,000) 0
Loss before income taxes (20,652,000) (85,034,000) (11,579,000)
Income tax expense (4,223,000) 0 0
Net income (loss) $ (16,429,000) $ (85,034,000) $ (11,579,000)
Earnings per share:      
Basic net income (in dollars per share) $ (0.18)
Diluted net income (in dollars per share) $ (0.18)
Weighted average shares outstanding:      
Basic (in shares) 91,629
Diluted (in shares) 91,629
Crude Oil Sales [Member]      
Operating Revenues:      
Operating revenues $ 15,988,000 $ 8,069,000 $ 7,849,000
Natural Gas and NGL Sales [Member]      
Operating Revenues:      
Operating revenues $ 412,000 $ 154,000 $ 266,000