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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Other $ 8 $ 11 $ 20 $ 19
Total revenue 13,252 20,865 39,973 55,978
Operating costs and expenses:        
Lease operating 2,609 4,612 7,700 13,059
Production and ad valorem taxes 1,115 1,551 3,410 4,624
Rig expense 114 119 338 363
Depreciation, depletion, amortization and accretion 1,660 3,812 4,807 11,951
General and administrative (including stock-based compensation of $2,971 $273, $3,296 and $780, respectively) 5,231 1,942 9,049 6,253
Total operating cost and expenses 10,729 12,036 25,304 36,250
Operating income 2,523 8,829 14,669 19,728
Other (income) expense:        
Interest income (14) (4) (15) (13)
Interest expense 11 8,057 111 21,742
Gain on sale of oil and gas assets 0 0 (29,359) 0
Loss (gain) on sale of non-oil and gas assets 0 0 669 (29)
Amortization of deferred financing fees 0 1,201 0 3,603
Financing fees 0 568 0 1,852
Debt forgiveness   (0) (6,645) 1,384
Loss on debt extinguishment   0 6,645 (1,384)
Other 100 0 600 0
Loss on derivative contracts 0 252 0 32,897
Total other expense (income) 97 10,074 (34,639) 58,668
Income (loss) before income tax 2,426 (1,245) 49,308 (38,940)
Income tax expense (benefit) 0 0 0 0
Net income (loss) 2,426 (1,245) 49,308 (38,940)
Accretion of preferred stock 2,134 0 6,198 0
Net income (loss) attributable to common stock $ 292 $ (1,245) $ 43,110 $ (38,940)
Net income (loss) per common share - basic (in dollars per share) $ 0.03 $ (0.15) $ 4.64 $ (4.63)
Net income (loss) per common share - diluted (in dollars per share) $ 0.03 $ (0.15) $ 4.64 $ (4.63)
Weighted average shares outstanding:        
Basic (in shares) 9,705 8,406 9,281 8,406
Diluted (in shares) 9,705 8,406 9,281 8,406
Paycheck Protection Program, CARES Act [Member]        
Other (income) expense:        
Debt forgiveness $ (0) $ (0) $ 6,645 $ 1,384
Loss on debt extinguishment 0 0 (6,645) (1,384)
Oil Revenues [Member]        
Revenues:        
Revenues 9,733 15,506 31,307 45,199
Gas Revenues [Member]        
Revenues:        
Revenues 2,434 2,415 5,733 5,344
Natural Gas Liquids Revenues [Member]        
Revenues:        
Revenues $ 1,077 $ 2,933 $ 2,913 $ 5,416