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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenue:    
Natural gas sales $ 16,018 $ 15,298
Natural gas liquids 1,143
Oil sales 30,891 4,213
Commodity derivative gain 4,894 2,928
Other income 105 34
Total revenue 53,051 22,473
Expenses:    
Lease operating expenses 15,960 6,141
Transportation and gathering costs 4,453 2,172
Production and property taxes 1,813 1,276
General and administrative 13,779 9,528
General and administrative - deferred fees writedown 1,999
General and administrative - related party reimbursement (4,547) (2,703)
Depreciation, depletion, and amortization 8,108 2,544
Accretion of asset retirement obligation 868 307
Total expenses 42,433 19,265
Operating income 10,618 3,208
Other income and (expense):    
Interest expense (5,920) (1,202)
Warrant derivative gain 225 3,133
Investment in affiliates 7,859 1,158
Other (3) 28
Total other income 2,161 3,117
Income before income taxes 12,779 6,325
Provision for income taxes (74)
Net income before non-controlling interest and preferred shares 12,779 6,399
Net income attributable to non-controlling interests 4,375 81
Net income attributable to preferred shares - beneficial conversion feature 1,125
Net income attributable to preferred shares - preferred return 224
Net income attributable to common shares $ 7,055 $ 6,318
Net income per common share:    
Basic $ 0.94 $ 1.12
Diluted $ 0.87 $ 0.49
Weighted average common shares outstanding (in thousands):    
Basic 7,525 5,662
Diluted 7,839 6,452