| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||
Revenues | |||||||||
66,063 | 70,216 | 21,612 | - | - | - | - | - | - | - |
Oil sales | |||||||||
- | - | - | 2,418 | - | - | - | - | - | - |
Natural gas sales | |||||||||
- | - | - | 844 | - | - | - | - | - | - |
Natural gas liquid sales | |||||||||
- | - | - | 173 | - | - | - | - | - | - |
Operating fees | |||||||||
- | - | - | - | - | 182 | 148 | 174 | 117 | 13 |
Realized gain on commodity price derivatives | |||||||||
- | - | - | - | - | 11 | -17 | - | - | - |
Realized gain (loss) on commodity price derivatives | |||||||||
- | - | - | - | - | - | - | 780 | 625 | 570 |
Unrealized gain on commodity price derivatives | |||||||||
- | - | - | - | - | - | 2 | 0 | - | - |
Unrealized loss on commodity price derivatives | |||||||||
- | - | - | - | - | - | - | - | -75 | -398 |
Total revenue | |||||||||
- | - | - | - | - | 3,140 | 4,786 | 7,259 | 8,362 | 9,757 |
Oil and Gas Revenue | |||||||||
- | - | - | 3,435 | 396 | 364 | 340 | 406 | 547 | 68 |
Operating expenses: | |||||||||
Oil, natural gas, and related product sales | |||||||||
- | - | - | - | - | 2,581 | 4,312 | 5,898 | 7,148 | 9,504 |
Production costs | |||||||||
- | - | - | 1,590 | 195 | 954 | 1,217 | 1,421 | 1,514 | 862 |
Production taxes | |||||||||
3,302 | 3,709 | 1,187 | -167 | - | - | - | - | - | - |
Production taxes | |||||||||
- | - | - | - | 28 | 269 | 263 | 227 | 838 | 1,056 |
General and administrative | |||||||||
28,371 | 33,251 | 49,851 | 14,227 | 7,930 | 10,325 | 4,965 | 4,331 | 10,544 | 15,530 |
Depreciation, depletion, amortization and accretion | |||||||||
33,252 | 25,367 | 7,025 | 1,698 | 574 | 1,337 | 2,388 | 4,549 | 4,347 | 5,036 |
Accretion of asset retirement obligations | |||||||||
- | - | - | - | 10 | - | - | - | - | - |
Bad debt expense | |||||||||
- | - | - | - | - | - | - | 77 | 0 | 400 |
Impairment of equipment | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Impairment of oil and natural gas properties | |||||||||
228,324 | 0 | 10,505 | 4,718 | 24,478 | 0 | - | 26,658 | 2,821 | 0 |
Total operating expenses | |||||||||
313,336 | 79,562 | 75,591 | - | - | - | - | - | - | - |
Fair value of common stock and warrants issued in aborted property acquisitions | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Restructuring and related consulting costs | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Total operating expenses | |||||||||
- | - | - | 22,066 | 33,215 | 12,887 | 8,835 | 37,265 | 20,066 | 22,885 |
Loss from operations before conveyance | |||||||||
- | - | - | - | - | 9,747 | -4,049 | - | - | - |
Loss on conveyance of oil and gas properties | |||||||||
- | - | - | - | - | 2,269 | - | - | - | - |
Operating loss | |||||||||
-247,273 | -9,346 | -53,979 | -18,631 | -32,819 | -12,017 | -4,049 | -30,006 | -11,704 | -13,127 |
Operating loss | |||||||||
-247,273 | -9,346 | -53,979 | -18,631 | -32,819 | -12,017 | -4,049 | -30,006 | -11,704 | -13,127 |
Other income (expense): | |||||||||
Loss on early extinguishment of debt | |||||||||
-1,299 | -20,370 | - | - | - | - | - | - | - | - |
Gain on extinguishment of debt | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Gain (loss) in fair value of derivative instruments | |||||||||
- | - | - | - | 1,638 | - | - | - | - | - |
Gain on modification of convertible debentures | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Inducement expense | |||||||||
- | - | - | 8,307 | 0 | 6,661 | - | - | - | - |
Loss on early extinguishment of debt | |||||||||
-1,299 | -20,370 | 0 | 852 | - | - | - | - | - | - |
Derivative, Gain (Loss) on Derivative, Net | |||||||||
-8,985 | 55 | -1,063 | - | - | - | - | - | - | - |
Loss from commodity derivatives | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Change in fair value of financial instruments | |||||||||
-3,573 | 58,343 | -6,260 | -1,222 | - | - | - | - | - | - |
Change in fair value of convertible debentures conversion derivative liability | |||||||||
- | - | - | - | - | -5,526 | 163 | 320 | 3,821 | 0 |
Change in fair value of conditionally redeemable 6% preferred stock | |||||||||
- | - | - | - | 514 | - | - | - | - | - |
Change in fair value of warrant liability | |||||||||
- | - | - | - | - | 571 | 0 | - | - | - |
Loss from conditionally redeemable preferred stock | |||||||||
- | - | -41 | -701 | - | 0 | - | - | - | - |
Interest expense | |||||||||
-11,426 | -32,827 | -18,757 | -4,924 | -1,697 | -4,837 | - | - | - | - |
Other income | |||||||||
- | - | - | - | 3 | 32 | 11 | 5 | 71 | 0 |
Unrealized gain on lock-up | |||||||||
- | - | - | - | - | - | - | - | - | 28 |
Debt inducement expense | |||||||||
- | - | - | - | - | - | - | - | 2,800 | 0 |
Interest expense | |||||||||
- | - | - | - | - | - | 6,136 | 8,056 | 8,218 | 6,640 |
Other income | |||||||||
435 | 2 | 18 | 90 | - | - | -5,961 | -7,730 | - | - |
Total other income (expense) | |||||||||
-24,848 | 5,203 | -26,103 | -14,212 | 458 | -16,421 | - | - | - | - |
Deferred income taxes | |||||||||
- | - | - | - | -11,474 | - | - | - | - | - |
Net loss before income taxes | |||||||||
-272,121 | -4,143 | -80,082 | -32,843 | - | - | - | - | - | - |
Income tax expense | |||||||||
0 | 0 | 0 | 0 | 0 | - | - | - | - | - |
Net Income (Loss) Attributable to Parent | |||||||||
-272,121 | -4,143 | -80,082 | -32,843 | -32,361 | -28,438 | -10,010 | -37,736 | -18,829 | - |
Paid-in-kind dividends on preferred stock | |||||||||
25,397 | 10,687 | 0 | - | - | - | - | - | - | - |
Dividend on Preferred stock | |||||||||
- | - | - | - | - | 341 | 0 | - | - | - |
Redeemable Preferred Stock Dividends | |||||||||
- | - | 122 | 407 | 120 | - | - | - | - | - |
Dividend on Series A Convertible Preferred Stock | |||||||||
- | - | - | - | 600 | - | - | - | - | - |
Loss on extinguishment of Series A convertible preferred stock | |||||||||
- | - | - | 540 | 0 | - | - | - | - | - |
Deemed Dividend On Convertible Preferred Stock | |||||||||
- | - | 4,635 | 8,506 | - | 3,519 | 0 | - | - | - |
Net loss attributable to common stockholders | |||||||||
-297,518 | -14,830 | -84,839 | -42,296 | -33,081 | -32,299 | - | - | - | - |
Net loss per common share-basic and diluted: (Note 18) | |||||||||
Net loss attributable to common shareholders | |||||||||
- | - | - | - | - | - | -10,010 | - | - | -19,739 |
Basic (in dollars per share) | |||||||||
-3.38 | -0.24 | -2.00 | - | - | - | - | - | - | - |
Diluted (in dollars per share) | |||||||||
-3.38 | -0.47 | -2.00 | - | - | - | - | - | - | - |
Weighted average common shares outstanding: | |||||||||
Net loss per common share - basic and diluted (in dollars per share) | |||||||||
- | - | - | -3.73 | -12.13 | -12.27 | -0.53 | -2.11 | -1.21 | -2.15 |
Basic (in shares) | |||||||||
87,912 | 62,854 | 42,428 | - | - | - | - | - | - | - |
Diluted (in shares) | |||||||||
87,912 | 78,451 | 42,428 | - | - | - | - | - | - | - |
Weighted average common shares outstanding - basic and diluted (in shares) | |||||||||
- | - | - | 11,328 | 2,726 | 2,633 | 18,990 | 17,902 | 15,543 | - |
Basic and diluted | |||||||||
- | - | - | - | - | - | - | - | - | 9,167 |
Oil sales | |||||||||
Revenues | |||||||||
59,015 | 58,042 | - | - | - | - | - | - | - | - |
Costs of goods and services sold | |||||||||
16,127 | 13,843 | - | - | - | - | - | - | - | - |
Oil and Gas [Member] | |||||||||
Revenues | |||||||||
59,015 | 58,042 | 17,826 | - | - | - | - | - | - | - |
Costs of goods and services sold | |||||||||
16,127 | 13,843 | 5,832 | - | - | - | - | - | - | - |
Natural gas sales | |||||||||
Revenues | |||||||||
3,180 | 5,246 | 2,125 | - | - | - | - | - | - | - |
Natural gas liquid sales | |||||||||
Revenues | |||||||||
3,868 | 6,928 | 1,661 | - | - | - | - | - | - | - |
Gathering, processing and transportation | |||||||||
Costs of goods and services sold | |||||||||
3,960 | 3,392 | 1,191 | - | - | - | - | - | - | - |