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Segment Information (Tables)
6 Months Ended
Jun. 30, 2020
Segment Information [Abstract]  
Segment Activity

Three Months Ended June 30, 2020

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

17,974

$

—

$

—

$

17,974

Depreciation, depletion and amortization

2,772

—

29

2,801

Other operating expense, net

(815)

—

—

(815)

Operating income (loss)

1,704

(69)

(2,601)

(966)

Derivative instruments gain (loss), net

—

—

(756)

(756)

Income tax expense (benefit)

(273)

—

(1,976)

(2,249)

Additions to crude oil and natural gas properties and equipment – accrual

1,190

—

—

1,190

Six Months Ended June 30, 2020

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

36,363

$

—

$

—

$

36,363

Depreciation, depletion and amortization

5,844

—

60

5,904

Impairment of proved crude oil and natural gas properties

30,625

—

—

30,625

Bad debt recovery and other

989

—

—

989

Other operating expense, net

(846)

—

—

(846)

Operating income (loss)

(24,579)

(194)

(2,876)

(27,649)

Derivative instruments gain (loss), net

—

—

6,583

6,583

Income tax expense

21,766

—

9,463

31,229

Additions to crude oil and natural gas properties and equipment – accrual

10,611

—

—

10,611

Three Months Ended June 30, 2019

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

25,230

$

—

$

—

$

25,230

Depreciation, depletion and amortization

1,835

—

74

1,909

Other operating expense, net

(4,399)

—

—

(4,399)

Operating income (loss)

8,963

(130)

(2,463)

6,370

Derivative instruments gain (loss), net

—

—

1,911

1,911

Income tax expense

7,869

2

1,337

9,208

Additions to crude oil and natural gas properties and equipment – accrual

1,593

—

29

1,622

Six Months Ended June 30, 2019

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

44,995

$

—

$

—

$

44,995

Depreciation, depletion and amortization

3,314

—

148

3,462

Impairment of proved crude oil and natural gas properties

—

—

—

—

Bad debt recovery and other

(24)

—

—

(24)

Other operating expense, net

(4,436)

—

—

(4,436)

Operating income (loss)

18,493

(316)

(6,261)

11,916

Derivative instruments gain (loss), net

—

—

(1)

(1)

Income tax expense

10,360

12

1,589

11,961

Additions to crude oil and natural gas properties and equipment – accrual

2,274

(187)

220

2,307

Long-lived Assets From Continuing Operations

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Long-lived assets from continuing operations:

As of June 30, 2020

$

31,080

$

10,000

$

268

$

41,348

As of December 31, 2019

$

57,930

$

10,000

$

328

$

68,258

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Total assets from continuing operations:

As of June 30, 2020

$

118,369

$

10,086

$

19,202

$

147,657

As of December 31, 2019

$

151,686

$

10,087

$

49,764

$

211,537