Condensed Consolidated Statements Of Operations - USD ($) shares in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
|
| Revenues: | ||||
| Crude oil and natural gas sales | $ 17,974,000 | $ 25,230,000 | $ 36,363,000 | $ 44,995,000 |
| Operating costs and expenses: | ||||
| Production expense | 12,126,000 | 9,819,000 | 21,875,000 | 18,038,000 |
| Depreciation, depletion and amortization | 2,801,000 | 1,909,000 | 5,904,000 | 3,462,000 |
| Impairment of proved crude oil and natural gas properties | 0 | 30,625,000 | ||
| General and administrative expense | 3,019,000 | 2,728,000 | 3,773,000 | 7,167,000 |
| Bad debt (recovery) expense and other | 179,000 | 5,000 | 989,000 | (24,000) |
| Total operating costs and expenses | 18,125,000 | 14,461,000 | 63,166,000 | 28,643,000 |
| Other operating expense, net | (815,000) | (4,399,000) | (846,000) | (4,436,000) |
| Operating income (loss) | (966,000) | 6,370,000 | (27,649,000) | 11,916,000 |
| Other income (expense): | ||||
| Derivative instruments gain (loss), net | (756,000) | 1,911,000 | 6,583,000 | (1,000) |
| Interest income, net | 11,000 | 201,000 | 127,000 | 388,000 |
| Other, net | 47,000 | (145,000) | 16,000 | (383,000) |
| Total other income (expense), net | (698,000) | 1,967,000 | 6,726,000 | 4,000 |
| Income (loss) from continuing operations before income taxes | (1,664,000) | 8,337,000 | (20,923,000) | 11,920,000 |
| Income taxes expense (benefit) | (2,249,000) | 9,208,000 | 31,229,000 | 11,961,000 |
| Income (loss) from continuing operations | 585,000 | (871,000) | (52,152,000) | (41,000) |
| Income (loss) from discontinued operations, net of tax | 11,000 | (162,000) | (52,000) | 5,509,000 |
| Net income (loss) | $ 596,000 | $ (1,033,000) | $ (52,204,000) | $ 5,468,000 |
| Basic net income (loss) per share: | ||||
| Income (loss) from continuing operations | $ 0.01 | $ (0.01) | $ (0.90) | $ 0.00 |
| Income (loss) from discontinued operations, net of tax | 0.00 | 0.00 | 0.00 | 0.09 |
| Net income (loss) per share | $ 0.01 | $ (0.01) | $ (0.90) | $ 0.09 |
| Basic weighted average shares outstanding | 57,456 | 59,801 | 57,716 | 59,716 |
| Diluted net income (loss) per share: | ||||
| Income (loss) from continuing operations | $ 0.01 | $ (0.01) | $ (0.90) | $ 0.00 |
| Income (loss) from discontinued operations, net of tax | 0.00 | 0.00 | 0.00 | 0.09 |
| Net income (loss) per share | $ 0.01 | $ (0.01) | $ (0.90) | $ 0.09 |
| Diluted weighted average shares outstanding | 57,594 | 59,801 | 57,716 | 59,716 |
| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount of expense (reversal of expense) for expected credit loss on accounts receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Production (lifting) costs from oil and gas producing activities, including but not limited to lease operating expense, production and ad valorem taxes, and transportation expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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