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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 12,347,689 $ 14,204,250
Oil, natural gas and NGL receivables 16,039,385 19,170,762
Commodity derivative assets   687,933
Accounts receivable and other current assets 946,937 76,868
Total current assets 29,334,011 34,139,813
Property and equipment, net 1,166,660 1,327,057
Investment in affiliate (equity method) 4,707,165 2,952,264
Oil and natural gas properties    
Oil and natural gas properties, using full cost method of accounting ($235,028,364 and $275,041,784 excluded from depletion at September 30, 2020 and December 31, 2019, respectively) 1,148,983,401 1,033,355,017
Less: accumulated depreciation, depletion and impairment (523,403,235) (328,913,425)
Total oil and natural gas properties, net 625,580,166 704,441,592
Right-of-use assets, net 3,194,116 3,399,634
Commodity derivative assets   116,568
Loan origination costs, net 1,469,266 2,217,126
Total assets 665,451,384 748,594,054
Current liabilities    
Accounts payable 995,574 1,207,736
Other current liabilities 5,842,811 4,231,579
Commodity derivative liabilities 992,299  
Total current liabilities 7,830,684 5,439,315
Operating lease liabilities, excluding current portion 2,919,194 3,124,416
Commodity derivative liabilities 2,699,576  
Long-term debt 169,700,653 100,135,477
Total liabilities 183,150,107 108,699,208
Commitments and contingencies (Note 16)
Mezzanine equity:    
Series A preferred units (55,000 and 110,000 units issued and outstanding as of September 30, 2020 and December 31, 2019, respectively) 42,050,637 74,909,732
Unitholders' equity:    
Common units (38,948,023 units issued and outstanding as of September 30, 2020 and 23,518,652 units issued and outstanding as of December 31, 2019) 325,048,170 282,549,841
Class B units (20,779,181 units issued and outstanding as of September 30, 2020 and 25,557,606 units issued and outstanding as of December 31, 2019) 1,038,989 1,277,880
Total unitholders' equity 326,087,159 283,827,721
Noncontrolling interest 114,163,481 281,157,393
Total equity 440,250,640 564,985,114
Total liabilities, mezzanine equity and unitholders' equity $ 665,451,384 $ 748,594,054