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Acquisitions and Divestitures (Tables)
3 Months Ended
Mar. 31, 2019
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]  
Schedule of unaudited pro-forma consolidated results

 

   Three Months Ended March 31,   Three Months Ended March 31, 
(in thousands, except per share amounts)  2019   2018 
Revenue  $24,950   $6,672 
Net (loss) income before non-controlling interests  $(6,690) 

$

3,543 
Net (loss) income attributable to non-controlling interests  $(2,590) 

$

1,115 
Net (loss) income attributable to common shareholders  $(4,175) 

$

2,428 
Net (loss) income per share (basic)  $(0.54) 

$

0.35 
Net (loss) income per share (diluted)  $(0.54) 

$

0.30 

OIE Membership Acquisition [Member]  
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]  
Schedule of fair value of business acquired

   Amount 
(in thousands)
 
Cash consideration  $33,000 
Old Ironsides Notes   25,065 
Fair value of previously held equity interest   14,158 
Fair value of business acquired  $72,223 
Schedule of assets acquired and liabilities assumed
   Amount
(in thousands)
 
Cash  $12,283 
Accounts receivable:     
Revenue   12,834 
Trade receivable   1,941 
Commodity derivative asset   198 
Inventory   900 
Prepaid expenses, deposits, and other current assets   456 
Oil and gas properties:     
Proved   107,499 
Unproved   1,869 
Other property, plant and equipment, net   15,626 
Other non-current assets   514 
Accounts payable and accrued liabilities   (19,114)
Due to related parties   (458)
Firm transportation contract obligations   (18,724)
Asset retirement obligations   (5,626)
Notes payable   (37,975)
Total net assets acquired  $72,223 
Schedule of unaudited pro-forma consolidated results

 

   Three Months Ended March 31,   Three Months Ended March 31, 
(in thousands, except per share amounts)  2019   2018 
Revenue  $24,950   $32,316 
Net (loss) income before non-controlling interests 

$

(6,690) 

$

6,912 
Net (loss) income attributable to non-controlling interests  $(2,590)  $1,115 
Net (loss) income attributable to common shareholders  $(4,175)  $5,797 
Net (loss) income per share (basic)  $(0.54)  $0.83 
Net (loss) income per share (diluted)  $(0.54)  $0.77