XML 50 R39.htm IDEA: XBRL DOCUMENT v3.21.2
Note 5 - Long-term Debt (Details Textual)
6 Months Ended
Jun. 25, 2020
USD ($)
Nov. 13, 2019
USD ($)
Jun. 30, 2021
USD ($)
Dec. 31, 2020
USD ($)
Line of Credit, Exit Fee       $ 10,000,000.0
Long-term Debt, Total     $ 2,362,000 2,515,000
Second Lien Credit Facility [Member]        
Line of Credit, Exit Fee     10,000,000.0  
Line of Credit [Member] | First Lien Credit Facility [Member]        
Long-term Line of Credit, Total     $ 88,500,000  
Debt Instrument, Spread on Elected Variable Rate     0.50%  
Debt Instrument, Debt Default, Basis Spread on Variable Rate     3.00%  
Line of Credit Facility, Interest Rate at Period End     8.75%  
Debt Instrument, Collateral Eligible, Minimum Percent of PV-9 of Proven Reserves Required     90.00%  
Debt Instrument, Collateral Eligible, Minimum Percent of PV-9 of PDP Reserves Required     95.00%  
Debt Instrument, Covenant, Working Capital Reserve $ 3,000,000.0      
Debt Instrument, Covenant, Maximum Capital Expenditures $ 3,000,000.0      
Debt Instrument, Covenant, Minimum Asset Coverage Ratio for Capital Expenditures 1.60      
Debt Instrument, Covenant, Maximum Line of Credit Outstanding for Capital Expenditures $ 50,000,000.0      
Debt Instrument, Covenant, Maximum Outstanding and Undisputed Accounts Payable 7,500,000      
Debt Instrument, Covenant, Maximum Undisputed Accounts Payable Outstanding with 60 to 90 Days 2,000,000.0      
Debt Instrument, Covenant, Maximum Undisputed Accounts Payable Outstanding with Over 90 Days 1,000,000.0      
Debt Instrument, Covenant, Maximum Legal and Professional Fees Excluded from General and Administrative Expense Limitations 1,000,000.0      
Debt Instrument, Covenant, Maximum Additional Subordinated Debt Allowed to Finance Capital Expenditures 25,000,000.0      
Line of Credit Facility, Current Borrowing Capacity 102,000,000.0      
Line of Credit [Member] | First Lien Credit Facility [Member] | General and Administrative Expenses for Quarter Ending June 30, 2020 [Member]        
Debt Instrument, Covenant, Maximum Quarterly General and Administrative Expenses 9,000,000.0      
Line of Credit [Member] | First Lien Credit Facility [Member] | General and Administrative Expenses for Quarter Ending September 30, 2020 [Member]        
Debt Instrument, Covenant, Maximum Quarterly General and Administrative Expenses 8,250,000      
Line of Credit [Member] | First Lien Credit Facility [Member] | General and Administrative Expenses for Quarter Ending December 31, 2020 [Member]        
Debt Instrument, Covenant, Maximum Quarterly General and Administrative Expenses 6,900,000      
Line of Credit [Member] | First Lien Credit Facility [Member] | General and Administrative Expenses for Year End December 31, 2021 [Member]        
Debt Instrument, Covenant, Maximum Yearly General and Administrative Expenses 6,500,000      
Line of Credit [Member] | First Lien Credit Facility [Member] | General and Administrative Expenses After Year End December 31, 2021 [Member]        
Debt Instrument, Covenant, Maximum Yearly General and Administrative Expenses $ 5,000,000.0      
Line of Credit [Member] | First Lien Credit Facility [Member] | Minimum [Member]        
Debt Instrument, Spread on Elected Variable Rate     2.50%  
Debt Instrument, Basis Spread on Variable Rate     1.50%  
Line of Credit [Member] | First Lien Credit Facility [Member] | Maximum [Member]        
Debt Instrument, Spread on Elected Variable Rate     3.50%  
Debt Instrument, Basis Spread on Variable Rate     2.50%  
Debt Instrument, Covenant, Total Debt to EBITDAX Ratio 2.75      
Debt Instrument, Covenant, Asset Coverage Ratio, Current 1.15      
Debt Instrument, Covenant, Asset Coverage Ratio, Noncurrent 1.25      
Line of Credit [Member] | Second Lien Credit Facility [Member]        
Long-term Line of Credit, Total     $ 132,100,000  
Debt Instrument, Covenant, Maximum Outstanding and Undisputed Accounts Payable $ 7,500,000      
Debt Instrument, Covenant, Maximum Undisputed Accounts Payable Outstanding with 60 to 90 Days 2,000,000.0      
Debt Instrument, Covenant, Maximum Undisputed Accounts Payable Outstanding with Over 90 Days 1,000,000.0      
Line of Credit Facility, Maximum Borrowing Capacity   $ 100,000,000.0    
Proceeds from Lines of Credit, Total   $ 95,000,000.0    
Line of Credit, Exit Fee     $ 10,000,000 10,000,000
Debt Instrument, Collateral Eligible, Minimum Percent of PV-9 Proven Reserves   90.00%    
Debt Instrument, Collateral Eligible, Minimum Percent of PV-9 Required PDP Reserves   95.00%    
Line of Credit [Member] | Second Lien Credit Facility [Member] | General and Administrative Expenses for Quarter Ending June 30, 2020 [Member]        
Debt Instrument, Covenant, Maximum Quarterly General and Administrative Expenses 9,000,000.0      
Line of Credit [Member] | Second Lien Credit Facility [Member] | General and Administrative Expenses for Quarter Ending September 30, 2020 [Member]        
Debt Instrument, Covenant, Maximum Quarterly General and Administrative Expenses 8,250,000      
Line of Credit [Member] | Second Lien Credit Facility [Member] | General and Administrative Expenses for Year End December 31, 2021 [Member]        
Debt Instrument, Covenant, Maximum Yearly General and Administrative Expenses 6,500,000      
Line of Credit [Member] | Second Lien Credit Facility [Member] | General and Administrative Expenses After Year End December 31, 2021 [Member]        
Debt Instrument, Covenant, Maximum Yearly General and Administrative Expenses $ 5,000,000.0      
Line of Credit [Member] | Second Lien Credit Facility [Member] | Maximum [Member]        
Debt Instrument, Covenant, Asset Coverage Ratio, Noncurrent, Year Two 1.45      
Debt Instrument, Covenant, Asset Coverage Ratio, Noncurrent, after Year Two 1.55      
Construction Loans [Member]        
Debt Instrument, Interest Rate, Stated Percentage     4.90%  
Debt Instrument, Periodic Payment, Total     $ 35,672  
Long-term Debt, Total     $ 2,700,000 $ 2,800,000