Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 1,452	$ 4,068
Accounts receivable, trade and other, net of allowance	1,131	744
Accrued oil and natural gas revenue	11,345	14,464
Fair value of oil and natural gas derivatives	8,537	803
Inventory	234	596
Prepaid expenses and other	549	533
Total current assets	23,248	21,208
PROPERTY AND EQUIPMENT:
Unevaluated properties	123	180
Oil and gas properties (full cost method)	302,859	206,097
Furniture, fixtures and equipment	4,450	1,360
	307,432	207,637
Less: Accumulated depletion, depreciation and amortization	(94,124)	(42,447)
Net property and equipment	213,308	165,190
Fair value of oil and natural gas derivatives	31
Deferred tax asset	393	786
Other	2,338	580
TOTAL ASSETS	239,318	187,764
CURRENT LIABILITIES:
Accounts payable	26,348	25,734
Accrued liabilities	16,615	16,518
Total current liabilities	42,963	42,252
Long term debt, net	104,435	76,820
Accrued abandonment costs	4,169	3,791
Fair value of oil and natural gas derivatives	2,786	471
Non-current operating lease liability	800
Total liabilities	155,153	123,334
Commitments and contingencies (See Note 10)
STOCKHOLDERS’ EQUITY:
Preferred stock: 10,000,000 shares $1.00 par value authorized, and none issued and outstanding	0	0
Common stock: $0.01 par value, 75,000,000 shares authorized, and 12,532,550 shares issued and outstanding at December 31, 2019 and $0.01 par value, 75,000,000 shares authorized, and 12,150,918 shares issued and outstanding at December 31, 2018	125	122
Additional paid-in capital	81,305	74,861
Retained earnings (deficit)	2,735	(10,553)
Total stockholders’ equity	84,165	64,430
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 239,318	$ 187,764