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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 25,101 $ 10,034
Accounts receivable:    
Joint owners, net 128 1,117
Oil and gas production sales 5,244 12,280
Other 30 150
Total accounts receivable 5,402 13,547
Assets held for sale 3,082 0
Other current assets 861 498
Total current assets 34,446 24,079
Property and equipment:    
Proved oil and gas properties, full cost method 1,122,317 1,165,707
Other property and equipment 24,688 39,337
Total 1,147,005 1,205,044
Less accumulated depreciation, depletion, amortization and impairment (1,093,557) (1,099,075)
Total property and equipment, net 53,448 105,969
Operating lease right-of-use assets 2 173
Other assets 255 255
Total assets 88,151 130,476
Current liabilities:    
Accounts payable 8,265 4,678
Joint interest oil and gas production payable 3,011 13,347
Accrued interest 0 477
Accrued expenses 761 347
Right of use liability 2 40
Derivative liabilities - short-term 0 442
Termination of derivative contracts 0 8,022
Current maturities of long-term debt 0 212,688
Total current liabilities 12,039 240,041
Operating lease right-of-use liabilities 0 110
Future site restoration 2,995 4,708
Total liabilities 15,034 247,064
Commitments and contingencies (Note 9)
Stockholders’ Equity:    
Preferred stock, par value $0.01 per share – authorized 1,000,000 shares; 685,505 and -0- shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 7 0
Common stock, par value $0.01 per share, authorized 20,000,000 shares; 10,070,143 and 8,421,910 issued and outstanding at September 30, 2022 and December 31, 2021, respectively 101 84
Additional paid-in capital 576,993 430,422
Accumulated deficit (503,984) (547,094)
Total stockholders' equity (deficit) 73,117 (116,588)
Total liabilities and stockholders’ equity (deficit) 88,151 130,476
Debt Instruments Excluding PPP Loan [Member]    
Current liabilities:    
Long-term debt – less current maturities $ 0 $ 2,205