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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue:    
Natural gas sales $ 19,316 $ 3,939
Natural gas liquids 247 163
Oil sales 8,989 2,983
Transportation and handling 734
Marketing gas sales 4,944
Commodity derivative loss (9,306) (626)
Other income 26 14
Total revenue 24,950 6,473
Expenses:    
Lease operating expenses 6,616 2,087
Pipeline operating expenses 3,085  
Transportation and gathering costs 1,669 855
Production and property taxes 2,010 433
Marketing gas purchases 6,302
General and administrative 4,689 2,948
General and administrative - related party reimbursement (1,116)
Depreciation, depletion and amortization 3,980 1,492
Accretion of asset retirement obligations 394 141
Total expenses 28,745 6,840
Total operating loss (3,795) (367)
Other income (expense):    
Interest expense (2,914) (1,002)
Warrant derivative gain 225
Gain on derecognized equity investment in affiliate - Carbon California 5,391
Investment in affiliates 19 437
Total other (expense) income (2,895) 5,051
(Loss) income before income taxes (6,690) 4,684
Provision for income taxes
Net (loss) income before non-controlling interests and preferred shares (6,690) 4,684
Net (loss) income attributable to non-controlling interests (2,590) 1,115
Net (loss) income attributable to controlling interests before preferred shares (4,100) 3,569
Net income attributable to preferred shares - preferred return 75
Net (loss) income attributable to common shares $ (4,175) $ 3,569
Net (loss) income per common share:    
Basic $ (0.54) $ 0.51
Diluted $ (0.54) $ 0.46
Weighted average common shares outstanding:    
Basic 7,663 6,996
Diluted 7,932 7,226