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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2019
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   25,194 
Fair value of previously held equity interest   14,029 
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   2,022 
Prepaid expenses, deposits, and other current assets   456 
Oil and gas properties:     
Proved   107,694 
Unproved   1,869 
Other property and equipment, net   15,441 
Other non-current assets   514 
Accounts payable and accrued liabilities   (20,468)
Due to related parties   (236)
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

(in thousands, except per share amounts)  Year Ended December 31, 2018 
Revenue  $33,256 
Net income before non-controlling interests  $5,232 
Net loss attributable to non-controlling interests   (2,334)
Net income attributable to controlling interests  $7,566 
Net income per share (basic)  $1.00 
Net income per share (diluted)  $0.96 
OIE Membership Acquisition [Member]  
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]  
Schedule of fair value of business acquired
   Amount 
(in thousands)
 
Fair value of Carbon common shares transferred as consideration  $8,327 
Fair value of non-controlling interest   16,466 
Fair value of previously held interest   7,243 
Fair value of contribution associated with acquisition of Yorktown’s interest in Carbon California   8,637 
Fair value of business acquired  $40,673 
Schedule of assets acquired and liabilities assumed
   Amount
(in thousands)
 
Cash  $275 
Accounts receivable:     
Joint interest billings and other   690 
Receivable - related party   1,610 
Prepaid expenses, deposits, and other current assets   1,723 
Oil and gas properties:     
Proved   65,114 
Unproved   1,495 
Other property and equipment, net   877 
Other non-current assets   475 
Accounts payable and accrued liabilities   (6,054)
Commodity derivative liability - current   (916)
Commodity derivative liability - non-current   (1,729)
Asset retirement obligations - current   (384)
Asset retirement obligations - non-current   (2,537)
Subordinated Notes, related party, net   (8,874)
Senior Revolving Notes, related party   (11,000)
Notes payable   (92)
Total net assets acquired  $40,673 
Schedule of unaudited pro-forma consolidated results
   Year Ended December 31, 
(in thousands, except per share amounts) 

2018
(unaudited)

 
Revenue  $136,592 
Net income before non-controlling interests  $11,320 
Net income attributable to non-controlling interests  $4,375 
Net income attributable to controlling interests before preferred shares  $5,596 
Net income per share, basic  $0.74 
Net income per share, diluted  $0.69