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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Natural gas sales $ 4,372 $ 3,689 $ 11,835 $ 11,706
Natural gas liquid sales 406 1,119
Oil sales 11,850 997 22,924 3,189
Commodity derivative gain (loss) (3,902) (499) (10,550) 2,642
Other income 16 8 35 28
Total revenue 12,742 4,195 25,363 17,565
Expenses:        
Lease operating expenses 4,767 1,605 10,824 4,311
Transportation and gathering costs 1,433 556 3,786 1,571
Production and property taxes 743 331 1,792 1,186
General and administrative 3,517 2,129 9,007 5,623
General and administrative - related party reimbursement (1,170) (423) (3,383) (723)
Depreciation, depletion and amortization 2,731 613 6,202 1,847
Accretion of asset retirement obligations 206 77 510 232
Total expenses 12,227 4,888 28,738 14,047
Operating (loss) income 515 (693) (3,375) 3,518
Other income and (expense):        
Interest expense (1,127) (279) (3,331) (801)
Warrant derivative gain 811 225 2,494
Equity investment loss 157 (285) 6,511 (285)
Total other (expense) income (970) 247 3,405 1,408
(Loss) income before income taxes (455) (446) 30 4,926
Provision for income taxes
Net (loss) income before non-controlling interests (455) (446) 30 4,926
Net (loss) income attributable to non-controlling interests 270 16 (2,234) 92
Net (loss) income attributable to controlling interest $ (725) $ (462) $ 2,264 $ 4,834
Net income (loss) per common share:        
Basic $ (0.09) $ (0.08) $ 0.30 $ 0.87
Diluted $ (0.10) $ (0.08) $ 0.10 $ 0.36
Weighted average common shares outstanding:        
Basic 7,701 5,628 7,466 5,579
Diluted 7,701 5,628 7,466 6,486