Discontinued Operations and Disposal Groups (Tables)

6 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table presents the amounts reported in the condensed consolidated statement of operations as discontinued operations:

Three Months Ended March 31, 2021	Tengasco
	($ in thousands)
Oil and natural gas sales	$	—
Total revenues	—
Lease operating expenses	115
Goodwill impairment	18,516
Total expenses	18,631
Loss from discontinued operations before income taxes	(18,631)
Income tax benefit	25
Net loss from discontinued operations, net of tax	$	(18,606)

For further discussion of revenues and expenses included in discontinued operations, see further discussion in Note 4 - Business Combinations.

The following table presents the carrying amount of assets and liabilities associated with discontinued operations reported on the condensed consolidated balance sheets as of March 31, 2021:

	Tengasco
Assets	($ in thousands)
Accounts receivable	$	2
Prepaid expenses and other current assets	101
Total Current Assets Associated with Discontinued Operations	103
Oil and natural gas properties, net (successful efforts)	4,526
Goodwill	540
Total Non-Current Assets Associated with Discontinued Operations	5,066
Total Assets Associated with Discontinued Operations	$	5,169
Liabilities
Accounts Payable	$	63
Accrued liabilities	32
Total Current Liabilities Associated with Discontinued Operations	95
Asset retirement obligations	1,607
Total Non-Current Liabilities Associated with Discontinued Operations	1,607
Total Liabilities Associated with Discontinued Operations	$	1,702