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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:    
Net (loss) income $ 37,328 $ (44,567)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Loss on sale of non-oil and gas assets 668 (29)
Loss on drilling rig 8,225 0
Gain on sale of oil and gas properties (28,982) 0
Net loss on derivative contracts 0 33,022
Net cash settlements paid on derivative contracts 0 (3,197)
Depreciation, depletion and amortization 6,341 15,312
Amortization of deferred financing fees and issuance discount 0 8,781
Non-cash financing fees and warrant cancellation 0 194
Accretion of future site restoration 170 330
Loss on investments 4,409 0
Gain (loss) on debt extinguishment 6,645 0
Plugging cost 0 (342)
Non-cash interest 0 24,705
Non-cash hedge termination (401) 9,943
Stock-based compensation 3,296 946
Changes in operating assets and liabilities:    
Accounts receivable 8,586 (3,498)
Assets held for sale 3,019 0
Other assets (3,297) (8,851)
Accounts payable (11,717) 3,151
Accrued expenses and other (688) (765)
Net cash provided by operating activities 20,312 32,419
Investing Activities    
Capital expenditures, including purchase and development of properties (1,544) (887)
Investment (19,500) 0
Proceeds from the sale of oil and gas properties 71,696 141
Proceeds from the sale of non-oil and gas assets 646 228
Net cash (used in) provided by investing activities 51,298 (518)
Financing Activities    
Proceeds from PPP loan 0 1,332
Payments of long-term borrowings (77,966) (25,816)
Deferred financing fees (802) (158)
Net cash used in financing activities (78,768) (24,642)
Increase in cash and cash equivalents (7,158) 7,259
Cash and cash equivalents at beginning of period 10,034 2,775
Cash and cash equivalents at end of period 2,876 10,034
Supplemental disclosure of cash flow information:    
Interest paid 70 6,463
Income tax paid 0 0
Non-cash investing and financing activities    
Non-cash issuance of stock 137,101 0
Change in asset retirement obligation cost and liabilities 0 204
Asset retirement obligations associated with dispositions (1,837) (2,845)
Debt Forgiveness (6,645) 0
Change in capital expenditures included in accounts payable (76) 5
Paycheck Protection Program, CARES Act [Member]    
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Gain (loss) on debt extinguishment (6,645) (2,716)
Non-cash investing and financing activities    
Debt Forgiveness $ 6,645 $ 2,716