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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue:    
Commodity derivative gain $ 3,044 $ 4,894
Other income 892 105
Total revenue 116,625 53,051
Expenses:    
Lease operating expenses 29,714 15,960
Pipeline operating expenses 11,153
Transportation and gathering costs 6,086 4,453
Production and property taxes 5,507 1,813
Marketing gas purchases 18,684
General and administrative 16,342 13,779
General and administrative - deferred fees write-down 1,999
General and administrative - related party reimbursement (4,547)
Depreciation, depletion, and amortization 15,757 8,108
Accretion of asset retirement obligations 1,625 868
Total expenses 104,868 42,433
Operating income 11,757 10,618
Other income and (expense):    
Interest expense (12,848) (5,920)
Warrant derivative gain 225
Gain on derecognized equity investment in affiliate-Carbon California 5,390
Investments in affiliates 90 2,469
Other (3)
Total other (expense) income (12,758) 2,161
(Loss) income before income taxes (1,001) 12,779
Provision for income taxes
Net (loss) income before non-controlling interests and preferred shares (1,001) 12,779
Net (loss) income attributable to non-controlling interests (2,098) 4,375
Net income attributable to controlling interests before preferred shares 1,097 8,404
Net income attributable to preferred shares - beneficial conversion feature 1,125
Net income attributable to preferred shares - preferred return 300 224
Net income attributable to common shares $ 797 $ 7,055
Net income per common share:    
Basic $ 0.10 $ 0.94
Diluted $ 0.10 $ 0.87
Weighted average common shares outstanding:    
Basic 7,794 7,525
Diluted 8,095 7,839
Natural gas liquids sales [Member]    
Revenue:    
Total revenue $ 578 $ 1,143
Oil sales [Member]    
Revenue:    
Total revenue 36,795 30,891
Transportation and handling [Member]    
Revenue:    
Total revenue 1,928
Marketing gas sales [Member]    
Revenue:    
Total revenue 16,920
Natural gas sales [Member]    
Revenue:    
Total revenue $ 56,468 $ 16,018