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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues:    
Other $ 22 $ 22
Total Revenue 49,737 78,858
Operating costs and expenses    
Lease operating 10,104 17,914
Production and ad valorem taxes 4,458 6,223
Rig expense 412 478
Depreciation, depletion, amortization and accretion 6,511 15,643
General and administrative (including stock-based compensation of $946 and $3,296, respectively) 12,575 8,116
Total operating costs and expenses 34,060 48,374
Operating income 15,677 30,484
Other (income) expense:    
Interest income (37) (15)
Interest expense 111 35,773
Amortization of deferred financing fees 0 4,804
Deferred finance fees and warrant cancelation 0 4,212
Gain (loss) on debt extinguishment 6,645 0
Loss on investments 4,409 0
Loss on derivative contracts 0 33,022
Loss on drilling rig 8,225 0
Loss on sale of non-oil and gas assets 668 (29)
Gain on sale of oil and gas assets (28,982) 0
Other 600 0
Total other (income) expense (21,651) 75,051
(Loss) income before income tax 37,328 (44,567)
Income tax (expense) benefit 0 0
Net (loss) income $ 37,328 $ (44,567)
Net (loss) income per common share - basic (in dollars per share) $ 1.44 $ (5.30)
Net (loss) income per common share - diluted (in dollars per share) $ 1.44 $ (5.30)
Weighted average shares outstanding    
Basic (in shares) 25,868 8,408
Diluted (in shares) 25,868 8,408
Paycheck Protection Program, CARES Act [Member]    
Other (income) expense:    
Gain (loss) on debt extinguishment $ (6,645) $ (2,716)
Oil Revenues [Member]    
Revenues:    
Revenues 39,617 61,228
Gas Revenues [Member]    
Revenues:    
Revenues 6,642 8,656
Natural Gas Liquids Revenues [Member]    
Revenues:    
Revenues $ 3,456 $ 8,952