Goodrich Petroleum 10-Q 13 Nov 20 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 03, 2020
Document Information [Line Items]
Entity Registrant Name	GOODRICH PETROLEUM CORP
Entity Central Index Key	0000943861
Trading Symbol	gdp
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		12,655,785
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common stock, par value $0.01 per share

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 1,251	$ 1,452
Accounts receivable, trade and other, net of allowance	2,107	1,131
Accrued oil and natural gas revenue	7,637	11,345
Fair value of oil and natural gas derivatives	579	8,537
Inventory	234	234
Prepaid expenses and other	1,221	549
Total current assets	13,029	23,248
PROPERTY AND EQUIPMENT:
Unevaluated properties	144	123
Oil and natural gas properties (full cost method)	348,227	302,859
Furniture, fixtures and equipment and other capital assets	4,560	4,450
Property, Plant and Equipment, Gross, Ending Balance	352,931	307,432
Less: Accumulated depletion, depreciation and amortization	(146,537)	(94,124)
Net property and equipment	206,394	213,308
Fair value of oil and natural gas derivatives		31
Deferred tax asset		393
Other	1,963	2,338
TOTAL ASSETS	221,386	239,318
CURRENT LIABILITIES:
Accounts payable	28,853	26,348
Fair value of oil and natural gas derivatives	6,181
Accrued liabilities	12,258	16,615
Total current liabilities	47,292	42,963
Long term debt, net	109,529	104,435
Accrued abandonment cost	4,523	4,169
Fair value of oil and natural gas derivatives	7,151	2,786
Other non-current liabilities		800
Total liabilities	168,495	155,153
Commitments and contingencies (See Note 9)
STOCKHOLDERS’ EQUITY:
Preferred stock: 10,000,000 shares $1.00 par value authorized, and none issued and outstanding	0	0
Common stock: $0.01 par value, 75,000,000 shares authorized, and 12,655,785 and 12,532,550 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively	127	125
Treasury stock (39,700 and zero shares, respectively)	(281)
Additional paid in capital	85,622	81,305
Accumulated earnings (deficit)	(32,577)	2,735
Total stockholders’ equity	52,891	84,165
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 221,386	$ 239,318

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Preferred Stock, Shares Issued (in shares)	0	0
Preferred Stock, Shares Outstanding (in shares)	0	0
Preferred Stock, Par Value (in dollars per share)	$ 1	$ 1
Preferred Stock, Shares Authorized (in shares)	10,000,000	10,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	12,655,785	12,532,550
Common stock, shares outstanding (in shares)	12,655,785	12,532,550
Treasury stock, shares (in shares)	39,700	0

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
REVENUES:
Revenues		$ 21,466	$ 27,165	$ 64,926	$ 88,189
OPERATING EXPENSES:
Lease operating expense		2,831	2,589	9,384	8,902
Production and other taxes		591	623	2,361	1,878
Transportation and processing		4,336	5,107	14,586	15,562
Depreciation, depletion and amortization		10,341	13,205	35,484	36,550
General and administrative		3,891	5,196	13,327	15,442
Impairment of oil and natural gas properties		9,370		16,217
Other		(11)	228	(13)	179
Operating Expenses, Total		31,349	26,948	91,346	78,513
Operating income (loss)		(9,883)	217	(26,420)	9,676
OTHER INCOME (EXPENSE):
Interest expense		(1,733)	(1,981)	(5,410)	(9,036)
Interest income and other expense		5		147	24
Gain (loss) on commodity derivatives not designated as hedges		(11,079)	3,752	(3,629)	15,397
Loss on early extinguishment of debt					(1,846)
Nonoperating Income (Expense), Total		(12,807)	1,771	(8,892)	4,539
Income (loss) before income taxes		(22,690)	1,988	(35,312)	14,215
Income tax benefit		0	0	0	0
Net income (loss)		$ (22,690)	$ 1,988	$ (35,312)	$ 14,215
PER COMMON SHARE
Net income (loss) per common share - basic (in dollars per share)		$ (1.80)	$ 0.16	$ (2.81)	$ 1.16
Net income (loss) per common share - diluted (in dollars per share)	[1],[2],[3]	$ (1.80)	$ 0.14	$ (2.81)	$ 1.02
Weighted average shares of common stock outstanding - basic (in shares)		12,618	12,257	12,564	12,208
Weighted average shares of common stock outstanding - diluted (in shares)		12,618	14,040	12,564	14,497
Oil and Gas [Member]
REVENUES:
Revenues		$ 21,463	$ 27,161	$ 64,917	$ 88,193
Service, Other [Member]
REVENUES:
Revenues		$ 3	$ 4	$ 9	$ (4)
[1]	Common shares issuable upon conversion of the New 2L Notes not included in the computation of diluted net income (loss) per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020 and the three months ended September 30, 2019.
[2]	Common shares issuable upon conversion of the restricted stock not included in the computation of diluted net loss per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020.
[3]	Common shares issuable upon conversion of the unsecured claims warrants not included in the computation of diluted net loss per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (35,312)	$ 14,215
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion and amortization	35,484	36,550
Impairment of oil and natural gas properties	16,217
Right of use asset depreciation	939	939
Loss (gain) on commodity derivatives not designated as hedges	3,629	(15,397)
Net cash received for settlement of derivative instruments	14,905	6,135
Share-based compensation (non-cash)	3,564	4,765
Amortization of finance cost, debt discount, paid in-kind interest and accretion	2,261	6,340
Loss on early extinguishment of debt		1,846
Other		269
Change in assets and liabilities:
Accounts receivable, trade and other, net of allowance	(583)	207
Accrued oil and natural gas revenue	3,708	4,562
Prepaid expenses and other	65	192
Accounts payable	2,505	(2,544)
Accrued liabilities	(2,790)	(1,232)
Net cash provided by operating activities	44,592	56,847
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(48,012)	(74,199)
Proceeds from sale of assets		1,334
Net cash used in investing activities	(48,012)	(72,865)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments of bank borrowings	(1,000)	(49,500)
Proceeds from bank borrowings	4,500	110,400
Repayment of Convertible Second Lien Notes		(56,728)
Proceeds from New 2L Notes		12,000
Issuance cost, net		(2,516)
Purchase of treasury stock	(281)	(546)
Net cash provided by financing activities	3,219	13,110
Decrease in cash and cash equivalents	(201)	(2,908)
Cash and cash equivalents, beginning of period	1,452	4,068
Cash and cash equivalents, end of period	1,251	1,160
Supplemental disclosures of cash flow information:
Cash paid for interest	3,182	2,952
Increase (decrease) in non-cash capital expenditures	$ (2,367)	$ 5,052

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	New 2L Notes [Member]Preferred Stock [Member]	New 2L Notes [Member]Common Stock Outstanding [Member]	New 2L Notes [Member]Additional Paid-in Capital [Member]	New 2L Notes [Member]Treasury Stock [Member]	New 2L Notes [Member]Retained Earnings [Member]	New 2L Notes [Member]	Convertible Second Lien Notes [Member]Preferred Stock [Member]	Convertible Second Lien Notes [Member]Common Stock Outstanding [Member]	Convertible Second Lien Notes [Member]Additional Paid-in Capital [Member]	Convertible Second Lien Notes [Member]Treasury Stock [Member]	Convertible Second Lien Notes [Member]Retained Earnings [Member]	Convertible Second Lien Notes [Member]	Preferred Stock [Member]	Common Stock Outstanding [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2018														12,151
Balance at Dec. 31, 2018														$ 122	$ 74,861		$ (10,553)	$ 64,430
Net income (loss)																	448	448
Share-based compensation															1,745			1,745
Treasury stock activity (in shares)														1
Treasury stock activity																$ (5)		(5)
Treasury stock activity																$ (5)		(5)
Balance (in shares) at Mar. 31, 2019														12,152
Balance at Mar. 31, 2019														$ 122	76,606	$ (5)	(10,105)	66,618
Balance (in shares) at Dec. 31, 2018														12,151
Balance at Dec. 31, 2018														$ 122	74,861		(10,553)	64,430
Net income (loss)																		14,215
Balance (in shares) at Sep. 30, 2019														12,313		(47)
Balance at Sep. 30, 2019														$ 123	81,582	$ (547)	3,662	84,820
Balance (in shares) at Mar. 31, 2019														12,152
Balance at Mar. 31, 2019														$ 122	76,606	$ (5)	(10,105)	66,618
Net income (loss)																	11,779	11,779
Share-based compensation															1,765			1,765
Treasury stock activity (in shares)																(47)
Treasury stock activity																$ (538)		(538)
Conversion of convertible securities			$ 1,429			$ 1,429		$ 1	$ (20)			$ (19)
Convertible Second Lien Notes warrant exercises (in shares)								150
Treasury stock activity																$ (538)		(538)
Balance (in shares) at Jun. 30, 2019														12,302		(47)
Balance at Jun. 30, 2019														$ 123	79,780	$ (543)	1,674	81,034
Net income (loss)																	1,988	1,988
Share-based compensation															1,802			1,802
Treasury stock activity (in shares)
Treasury stock activity																$ (4)		(4)
Share-based compensation (in shares)														11
Treasury stock activity																$ (4)		(4)
Balance (in shares) at Sep. 30, 2019														12,313		(47)
Balance at Sep. 30, 2019														$ 123	81,582	$ (547)	3,662	84,820
Balance (in shares) at Dec. 31, 2019														12,533
Balance at Dec. 31, 2019														$ 125	81,305		2,735	84,165
Net income (loss)																	3,036	3,036
Share-based compensation															1,309			1,309
Treasury stock activity (in shares)														1
Treasury stock activity																$ (2)		(2)
Treasury stock activity																$ (2)		(2)
Balance (in shares) at Mar. 31, 2020														12,534
Balance at Mar. 31, 2020														$ 125	82,614	$ (2)	5,771	88,508
Balance (in shares) at Dec. 31, 2019														12,533
Balance at Dec. 31, 2019														$ 125	81,305		2,735	84,165
Net income (loss)																		(35,312)
Balance (in shares) at Sep. 30, 2020														12,656		(39)
Balance at Sep. 30, 2020														$ 127	85,622	$ (281)	(32,577)	52,891
Balance (in shares) at Mar. 31, 2020														12,534
Balance at Mar. 31, 2020														$ 125	82,614	$ (2)	5,771	88,508
Net income (loss)																	(15,658)	(15,658)
Share-based compensation															1,533			1,533
Treasury stock activity (in shares)														130		(38)
Treasury stock activity														$ 2		$ (270)		(268)
Discount from New 2L Notes Modification (See Note 4)															282			282
Treasury stock activity														$ 2		$ (270)		(268)
Balance (in shares) at Jun. 30, 2020														12,664		(38)
Balance at Jun. 30, 2020														$ 127	84,429	$ (272)	(9,887)	74,397
Net income (loss)																	(22,690)	(22,690)
Share-based compensation															1,193			1,193
Treasury stock activity (in shares)														4		(1)
Treasury stock activity																$ (9)		(9)
Treasury stock activity																$ (9)		(9)
Share-based compensation, forfeited (in shares)														(12)
Balance (in shares) at Sep. 30, 2020														12,656		(39)
Balance at Sep. 30, 2020														$ 127	$ 85,622	$ (281)	$ (32,577)	$ 52,891

Note 1 - Description of Busines

Note 1 - Description of Business and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 1—Description Goodrich Petroleum Corporation (“Goodrich” and, together with its subsidiary, Goodrich Petroleum Company, L.L.C. (the “Subsidiary”), “we,” “our,” or the “Company”) is an independent oil and natural gas company engaged in the exploration, development and production of oil and natural gas on properties primarily in (i) Northwest Louisiana and East Texas, which includes the Haynesville Shale Trend, (ii) Southwest Mississippi and Southeast Louisiana, which includes the Tuscaloosa Marine Shale Trend (“TMS”), and (iii) South Texas, which includes the Eagle Ford Shale Trend. Basis of Presentation The consolidated financial statements of the Company included in this Quarterly Report on Form 10 10 December 31, 2019 three nine September 30, 2020 not may The impact of the COVID- 19 19 19 may Principles of Consolidation Use of Estimates Cash and Cash Equivalents ninety Accounts Payable September 30, 2020 December 31, 2019 (In thousands) September 30, 2020 December 31, 2019 Trade payables $ 16,547 $ 11,461 Revenue payables 11,470 14,483 Prepayments from partners 513 - Miscellaneous payables 323 404 Total Accounts payable $ 28,853 $ 26,348 Accrued Liabilities September 30, 2020 December 31, 2019 (In thousands) September 30, 2020 December 31, 2019 Accrued capital expenditures $ 3,808 $ 6,175 Accrued lease operating expense 1,096 989 Accrued production and other taxes 1,031 430 Accrued transportation and gathering 1,884 2,258 Accrued performance bonus 2,731 4,642 Accrued interest 175 208 Accrued office lease 1,164 1,414 Accrued general and administrative expense and other 369 499 Total Accrued liabilities $ 12,258 $ 16,615 Inventory Property and Equipment two two Under the Full Cost Method, we capitalize all costs associated with acquisitions, exploration, development and estimated abandonment costs. We capitalize internal costs that can be directly identified with the acquisition of leasehold, as well as drilling and completion activities, but do not three September 30, 2020 2019 $0.1 nine September 30, 2020 2019 $0.1 $0.2 no Under the Full Cost Method, we amortize our investment in oil and natural gas properties through DD&A expense using the units of production method. An amortization rate is calculated based on total proved reserves converted to equivalent thousand cubic feet of natural gas (“Mcfe”) as the denominator and the net book value of the evaluated oil and gas asset together with the estimated future development cost of the proved undeveloped reserves as the numerator. The rate calculated per Mcfe is applied against the periods' production also converted to Mcfe to arrive at the periods' DD&A expense. Depreciation of furniture, fixtures and equipment, consisting of office furniture, computer hardware and software and leasehold improvements, is computed using the straight-line method over their estimated useful lives, which vary from three five Full Cost Ceiling Test resent value of estimated future net cash flows from proved reserves (adjusted for hedges and excluding cash flows related to estimated abandonment costs), be compared to the net capitalized costs of proved oil and natural gas properties, net of related deferred taxes. This comparison is referred to as a “ceiling test.” If the net capitalized costs of proved oil and natural gas properties exceed the estimated discounted future net cash flows from proved reserves, we are required to write-down the value of our oil and natural gas properties to the value of the discounted cash flows. Estimated future net cash flows from proved reserves are calculat 12 The Full Cost Ceiling Test performed as of September 30, 2020 12 $1.97 $9.4 three September 30, 2020 nine September 30, 2020 $16.2 not 2019. Fair Value Measurement We use various methods, including the income approach and market approach, to determine the fair values of our financial instruments that are measured at fair value on a recurring basis, which depend on a number of factors, including the availability of observable market data over the contractual term of the underlying instrument. For some of our instruments, the fair value is calculated based on directly observable market data or data available for similar instruments in similar markets. For other instruments, the fair value may three 1, 2 3 Each of these levels and our corresponding instruments classified by level are further described below: • Level 1 no 1 • Level 2 third third • Level 3 As of September 30, 2020 December 31, 2019 Asset Retirement Obligations Note 3 The estimated fair value of the Company's asset retirement obligations at inception is determined by utilizing the income approach by applying a credit-adjusted risk-free rate, which takes into account the Company's credit risk, the time value of money, and the current economic state, to the undiscounted expected abandonment cash flows. Given the unobservable nature of the inputs, the initial measurement of the asset retirement obligations was classified as Level 3 Revenue Recognition may not 60 and the price that will be received for the sale of the product. We record a liability or an asset for natural gas balancing when we have sold more or less than our working interest share of natural gas production, respectively. As of September 30, 2020 and December 31, 2019 , the net liability for natural gas balancing was immaterial. Differ Note 2 Derivative Instruments not Note 8 Income Taxes not not We recognize, as required, the financial statement benefit of an uncertain tax position only after determining that the relevant tax authority would more likely than not not 50 Note 7 Net Income or Net Loss Per Common Share— Note 6 Commitments and Contingencies third not Note 9 Share-Based Compensation Guarantee September 30, 2020 2L no no Debt Issuance Cost 2L New Accounting Pronouncements In December 2019, 2019 12, 740 December 15, 2020, not In March 2020, 2020 04, 848 not December 31, 2022, December 31, 2022, In August 2020, 2020 06, 470 20 815 40 may December 15, 2021, December 15, 2023,

Note 2 - Revenue Recognition

Note 2 - Revenue Recognition	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 2—Revenue In accordance with Accounting Standards Codification Topic 606, 606, no not We record revenue in the month our production is delivered to the purchaser. However, settlement statements and payments for our oil and natural gas sales may not 60 received for the sale of the product. We re not September 30, 2020 December 31, 2019 $7.6 $11.3 The following table presents our oil and natural gas revenues disaggregated by revenue source and by operated and non-operated properties for the three nine September 30, 2020 2019 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 (In thousands) Oil Revenue Gas Revenue NGL Revenue Total Oil and Natural Gas Revenues Oil Revenue Gas Revenue NGL Revenue Total Oil and Natural Gas Revenues Operated $ 1,257 $ 17,665 $ - $ 18,922 $ 4,007 $ 52,156 $ - $ 56,163 Non-operated 39 2,499 3 2,541 540 8,207 7 8,754 Total oil and natural gas revenues $ 1,296 $ 20,164 $ 3 $ 21,463 $ 4,547 $ 60,363 $ 7 $ 64,917 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (In thousands) Oil Revenue Gas Revenue NGL Revenue Total Oil and Natural Gas Revenues Oil Revenue Gas Revenue NGL Revenue Total Oil and Natural Gas Revenues Operated $ 2,365 $ 21,679 $ - $ 24,044 $ 7,881 $ 66,743 $ - $ 74,624 Non-operated 112 3,002 3 3,117 326 13,232 11 13,569 Total oil and natural gas revenues $ 2,477 $ 24,681 $ 3 $ 27,161 $ 8,207 $ 79,975 $ 11 $ 88,193

Note 3 - Asset Retirement Oblig

Note 3 - Asset Retirement Obligations	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Asset Retirement Obligation Disclosure [Text Block]	NOTE 3—Asset The reconciliation of the beginning and ending asset retirement obligation for the nine September 30, 2020 Nine Months Ended September 30, 2020 Beginning balance at December 31, 2019 $ 4,169 Liabilities incurred 138 Dispositions (12 ) Accretion expense 228 Ending balance at September 30, 2020 $ 4,523 Current liability - Long term liability $ 4,523

Note 4 - Debt

Note 4 - Debt	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 4—Debt Debt consisted of the following balances as of September 30, 2020 December 31, 2019 September 30, 2020 December 31, 2019 Principal Carrying Amount Principal Carrying Amount 2019 Senior Credit Facility (1) $ 96,400 $ 96,400 $ 92,900 $ 92,900 New 2L Notes (2) 14,327 13,129 12,969 11,535 Total debt $ 110,727 $ 109,529 $ 105,869 $ 104,435 ( 1 2019 ( 2 May 31, 2022. $2.3 $1.0 September 30, 2020 December 31, 2019 $1.0 $1.1 $0.2 $0.3 September 30, 2020 December 31, 2019 The following table summarizes the total interest expense (contractual interest expense, amortization of debt discount, accretion and financing costs) and the effective interest rate on the liability component of debt for the three nine September 30, 2020 2019 Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019 Interest Expense Effective Interest Rate Interest Expense Effective Interest Rate Interest Expense Effective Interest Rate Interest Expense Effective Interest Rate 2017 Senior Credit Facility $ - — % $ - - $ - — % $ 872 7.2 % 2019 Senior Credit Facility 1,129 4.6 % 1,377 6.2 % 3,534 4.9 % 2,072 6.1 % Convertible Second Lien Notes (1) - — % - - - — % 5,304 24.1 % New 2L Notes (2) 604 18.6 % 604 21.9 % 1,876 20.1 % 788 21.6 % Total interest expense $ 1,733 $ 1,981 $ 5,410 $ 9,036 ( 1 13.50%; t rat 24.1% for the nine September 30, 2019. nine September 30, 2019 $2.3 $3.0 ( 2 2L 13.50%; 18.6% 20.1%, three nine September 30, 2020 21.9% 21.6%, three nine September 30, 2019. three September 30, 2020 $0.1 $0.5 nine September 30, 2020 $0.4 $1.4 three nine September 30, 2019 $0.1 $0.2 $0.4 $0.5 2017 On October 17, 2017, “2017 “2017 2017 October 17, 2021 December 30, 2019, not December 30, 2019. 2017 May 14, 2019 $250.0 $75.0 All amounts outstanding under the 2017 1.75% 2.75%, 2.75% 3.75%, 2017 0.50% The obligations under the 2017 first On May 14, 2019, 2017 2019 $0.2 2019 On May 14, 2019, “2019 “2019 The 2019 May 14, 2024 December 3, 2021, 2L not December 3, 2021, 180 May 31, 2022 2L 2019 $500 $120 September 30, 2020 March September may one may 2019 $10 All amounts outstanding under the 2019 1.50% 2.50%, 2.50% 3.50%, 2019 0.375% 0.50%, 2019 2.0% September 30, 2020 2019 3.93%. he obligations under the 2019 first The 2019 may 2019 The 2019 not 3.50 1.00 2019 not 1.00 1.00 no 2L 10 not $10 not 1.50 1.00 May 14, 2019, 2019 2017 As of September 30, 2020 $96.4 2019 $1.9 September 30, 2020 2019 As of September 30, 2020 2019 On October 30, 2020, 2019 September 30, 2020. 4.00 1.00 3.50 1.00. $10 Convertible Second Lien Notes In October 2016, $40.0 13.50% 2019 10 2.5 second two The Convertible Second Lien Notes were scheduled to mature on August 30, 2019 six no March 30, 2020. 13.50% January 15, April 15, July 15 October 15 second Upon issuance of the Convertible Second Lien Notes in October 2016, may $11.0 $40.0 $29.0 $11.0 August 30, 2019. May 29, 2019 $56.7 2019 $1.6 New Convertible Second Lien Notes On May 14, 2019, 2L 2L 2L $12.0 13.50% 2021 2L 2L May 31, 2019. 2L 2019 2L second The New 2L 2L May 31, 2021. May 2020, 2L May 31, 2022. 2L 13.50% January 15, April 15, July 15 October 15 may 2L 2L The New 2L 2L 10 2L not $10.0 not 1.50 1.00. The New 2L 2L $21.33, 2L 1 2L 2 3 2L 2019 The New 2L 2L 1933, 4 2 2L 2L Upon issuance of the New 2L May 31, 2019, may $1.4 $12.0 $10.6 $1.4 May 2020, May 31, 2021. May 2020, $0.3 May 31, 2022. As of September 30, 2020 $1.0 $0.2 ned to be amortized on the New 2L As of September 30, 2020 2L

Note 5 - Equity

Note 5 - Equity	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 5—Equity During the three nine September 30, 2020 $0.1 $1.0 6,000 136,000 $0.3 39,700 September 30, 2020 During the three nine September 30, 2019, zero 150,000, 10 one 150,000 September 30, 2019, no three nine September 30, 2019, $0.1 12,000 three nine September 30, 2019, $0.1 $0.5 352 47,133

Note 6 - Net Income (Loss) Per

Note 6 - Net Income (Loss) Per Common Share	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 6—Net Net income applicable to common stock was used as the numerator in computing basic and diluted net income (loss) per common share for the three nine September 30, 2020 2019 Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019 (Amounts in thousands, except per share data) Basic net income (loss) per common share: Net income (loss) applicable to common stock $ (22,690 ) $ 1,988 $ (35,312 ) $ 14,215 Weighted average shares of common stock outstanding 12,618 12,257 12,564 12,208 Basic net income (loss) per common share $ (1.80 ) $ 0.16 $ (2.81 ) $ 1.16 Diluted net income (loss) per common share: Net income (loss) applicable to common stock $ (22,690 ) $ 1,988 $ (35,312 ) $ 14,215 Interest, discount and amortization on New 2L Notes - - - 565 Adjusted net income (loss) per common share $ (22,690 ) $ 1,988 $ (35,312 ) $ 14,780 Weighted average shares of common stock outstanding 12,618 12,257 12,564 12,208 Common shares issuable upon conversion of the New 2L Notes - - - 588 Common shares issuable upon conversion of warrants of unsecured claim holders - 1,285 - 1,285 Common shares issuable on assumed conversion of restricted stock ** - 498 - 416 Diluted weighted average shares of common stock outstanding 12,618 14,040 12,564 14,497 Diluted net income (loss) per common share (1) (2) (3) $ (1.80 ) $ 0.14 $ (2.81 ) $ 1.02 (1) Common shares issuable upon conversion of the New 2L Notes not included in the computation of diluted net income (loss) per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020 and the three months ended September 30, 2019. 672 588 672 - (2) Common shares issuable upon conversion of the unsecured claims warrants not included in the computation of diluted net loss per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020. 1,329 - 1,329 - (3) Common shares issuable upon conversion of the restricted stock not included in the computation of diluted net loss per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020. ** 420 - 231 - ** Common shares issuable on assumed conversion of share-based compensation assumes a payout of the Company's performance share awards at 100% one one may zero 250%

Note 7 - Income Taxes

Note 7 - Income Taxes	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 7—Income We record ed no three and nine September 30, 2020 2019 September 30, 2020 no 2019 not $74.2 December 31, 2019 $0.4 $0.4 June 30, 2020, third 2020. no may Considering the Company's taxable income forecasts, our assessment of the realization of our deferred tax assets has not September 30, 2020 As of September 30, 2020 no no December 31, 2019

Note 8 - Commodity Derivative A

Note 8 - Commodity Derivative Activities	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	NOTE 8—Commodity We use commodity and financial derivative contracts to manage fluctuations in commodity prices. We are currently not The following table summarizes gains and losses we recognized on our oil and natural gas derivatives for the three nine September 30, 2020 2019 Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019 Oil and Natural Gas Derivatives (in thousands) Gain on commodity derivatives not designated as hedges, settled $ 1,597 $ 5,922 $ 14,905 $ 6,135 Gain (loss) on commodity derivatives not designated as hedges, not settled (12,676 ) (2,170 ) (18,534 ) 9,262 Total gain (loss) on commodity derivatives not designated as hedges $ (11,079 ) $ 3,752 $ (3,629 ) $ 15,397 Commodity Derivative Activity We enter into swap contracts, costless collars or other derivative agreements from time to time to manage commodity price risk for a portion of our production. Our policy is that all derivatives are approved by the Hedging Committee of our Board, and reviewed periodically by the Board. Despite the measures taken by us to attempt to control price risk, we remain subject to price fluctuations for natural gas and crude oil sold in the spot market. Prices received for natural gas sold on the spot market are volatile due primarily to seasonality of demand and other factors beyond our control. Decreases in domestic crude oil and natural gas spot prices will have a material adverse effect on our financial position, results of operations and quantities of reserves recoverable on an economic basis. We routinely exercise our contractual right to net realized gains against realized losses when settling with our financial counter-parties. Neither our counter-parties nor we require any collateral upon entering into derivative contracts. We would have been at risk of losing $0.6 September 30, 2020 As of September 30, 2020 h Truist Bank, RBC Capital Markets, ARM Energy and Citizens Commercial Banking w Contract Type Average Daily Volume Total Volume Weighted Average Fixed Price Fair Value at September 30, 2020 (In thousands) Oil swaps (Bbls) 2020 200 18,400 $57.51 $310 2021 (through March 31, 2021) 200 18,000 $56.58 269 Total oil $ 579 Natural Gas swaps (MMBtu) 2020 45,000 4,109,000 $2.59 $58 2021 63,167 23,089,000 $2.56 (7,089 ) 2022 (through March 31, 2022) 70,000 6,300,000 $2.53 (2,735 ) Natural Gas collars (MMBtu) 2020 25,000 2,300,000 2.40 2.62 $(195 ) 2021 29,250 10,680,000 2.40 3.50 (966 ) 2022 (through March 31, 2022) 30,000 2,700,000 2.50 3.50 (97 ) Natural Gas basis swaps (MMBtu) 2020 50,000 4,600,000 $0.209 $252 2021 50,000 18,250,000 $0.209 (384 ) 2022 50,000 18,250,000 $0.209 (517 ) 2023 50,000 18,250,000 $0.209 (642 ) 2024 50,000 18,300,000 $0.209 (1,017 ) Total natural gas $ (13,332 ) Total oil and natural gas $ (12,753 ) During the third 2020 Contract Type Daily Volume Weighted Average Fixed Price Contract Start Date Contract Termination Natural gas swap (MMBtu) 20,000 $2.73 April 1, 2021 March 31, 2022 Natural gas collar (MMBtu) 30,000 2.50 3.50 April 1, 2021 March 31, 2022 The following table summarizes the fair values of our derivative financial instruments that are recorded at fair value classified in each Level as of September 30, 2020 Note 1—“Description Description Level 1 Level 2 Level 3 Total Fair value of oil and natural gas derivatives - Current Assets $ - $ 579 $ - $ 579 Fair value of oil and natural gas derivatives - Non-current Assets - - - - Fair value of oil and natural gas derivatives - Current Liabilities - (6,181 ) - (6,181 ) Fair value of oil and natural gas derivatives - Non-current Liabilities - (7,151 ) - (7,151 ) Total $ - $ (12,753 ) $ - $ (12,753 ) We enter into oil and natural gas derivative contracts under which we have netting arrangements with each counter-party. The following table discloses and reconciles the gross amounts to the amounts as presented on the Consolidated Balance Sheets as of September 30, 2020 December 31, 2019 September 30, 2020 December 31, 2019 Fair Value of Oil and Natural Gas Derivatives Gross Amount As Gross Amount As (in thousands) Amount Offset Presented Amount Offset Presented Fair value of oil and natural gas derivatives - Current Assets $ 3,403 $ (2,824 ) $ 579 $ 9,401 $ (864 ) $ 8,537 Fair value of oil and natural gas derivatives - Non-current Assets 1,356 (1,356 ) - 847 (816 ) 31 Fair value of oil and natural gas derivatives - Current Liabilities (9,005 ) 2,824 (6,181 ) (864 ) 864 - Fair value of oil and natural gas derivatives - Non-current Liabilities (8,507 ) 1,356 (7,151 ) (3,602 ) 816 (2,786 ) Total $ (12,753 ) $ - $ (12,753 ) $ 5,782 $ - $ 5,782

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 9—Commitments We are party to various lawsuits from time to time arising in the normal course of business, including, but not not three nine September 30, 2020 2019

Note 10 - Leases

Note 10 - Leases	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 10—Leases We determine if an arrangement is or contains a lease at inception. Leases with an initial term of 12 not not not The lease cost components for the three nine September 30, 2020 2019 (in thousands) Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019 Consolidated Statements of Operations Classification Building lease cost $ 385 $ 368 $ 1,155 $ 1,124 General and administrative expense Variable lease cost (1) (3 ) 50 20 145 General and administrative expense $ 382 $ 418 $ 1,175 $ 1,269 ( 1 The following are additional details related to our lease portfolio as of September 30, 2020 December 31, 2019 (in thousands) September 30, 2020 December 31, 2019 Consolidated Balance Sheets Classification Lease asset, gross $ 2,922 $ 2,922 Furniture, fixtures and equipment and other capital assets Accumulated depreciation (2,191 ) (1,252 ) Accumulated depletion, depreciation and amortization Lease asset, net $ 731 $ 1,670 Current lease liability $ 1,164 $ 1,414 Accrued liabilities Non-current lease liability - 800 Other non-current liabilities Total lease liabilities $ 1,164 $ 2,214 The following table presents operating lease liability maturities as of September 30, 2020 (in thousands) September 30, 2020 2020 $ 385 2021 813 2022 - 2023 - 2024 - Thereafter - Total lease payments $ 1,198 Less imputed interest 34 Present value of lease liabilities $ 1,164 As of September 30, 2020 0.6 8.0 $0.4 three September 30, 2020 2019 $1.2 nine September 30, 2020 2019

Note 11 - COVID-19 Pandemic

Note 11 - COVID-19 Pandemic	9 Months Ended
	Sep. 30, 2020
COVID 19 [Member]
Notes to Financial Statements
Unusual or Infrequent Items, or Both, Disclosure [Text Block]	NOTE 11—COVID 19 The impact of the COVID- 19 19 Starting in May 2020, 19 19 Because we predominately produce natural gas and natural gas has not 19 19 2020.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The consolidated financial statements of the Company included in this Quarterly Report on Form 10 10 December 31, 2019 three nine September 30, 2020 not may The impact of the COVID- 19 19 19 may
Consolidation, Policy [Policy Text Block]	Principles of Consolidation
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents ninety
Accounts Payable, Policy [Policy Text Block]	Accounts Payable September 30, 2020 December 31, 2019 (In thousands) September 30, 2020 December 31, 2019 Trade payables $ 16,547 $ 11,461 Revenue payables 11,470 14,483 Prepayments from partners 513 - Miscellaneous payables 323 404 Total Accounts payable $ 28,853 $ 26,348
Accrued Liabilities, Policy [Policy Text Block]	Accrued Liabilities September 30, 2020 December 31, 2019 (In thousands) September 30, 2020 December 31, 2019 Accrued capital expenditures $ 3,808 $ 6,175 Accrued lease operating expense 1,096 989 Accrued production and other taxes 1,031 430 Accrued transportation and gathering 1,884 2,258 Accrued performance bonus 2,731 4,642 Accrued interest 175 208 Accrued office lease 1,164 1,414 Accrued general and administrative expense and other 369 499 Total Accrued liabilities $ 12,258 $ 16,615
Inventory, Policy [Policy Text Block]	Inventory
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment two two Under the Full Cost Method, we capitalize all costs associated with acquisitions, exploration, development and estimated abandonment costs. We capitalize internal costs that can be directly identified with the acquisition of leasehold, as well as drilling and completion activities, but do not three September 30, 2020 2019 $0.1 nine September 30, 2020 2019 $0.1 $0.2 no Under the Full Cost Method, we amortize our investment in oil and natural gas properties through DD&A expense using the units of production method. An amortization rate is calculated based on total proved reserves converted to equivalent thousand cubic feet of natural gas (“Mcfe”) as the denominator and the net book value of the evaluated oil and gas asset together with the estimated future development cost of the proved undeveloped reserves as the numerator. The rate calculated per Mcfe is applied against the periods' production also converted to Mcfe to arrive at the periods' DD&A expense. Depreciation of furniture, fixtures and equipment, consisting of office furniture, computer hardware and software and leasehold improvements, is computed using the straight-line method over their estimated useful lives, which vary from three five
Full Cost or Successful Efforts, Policy [Policy Text Block]	Full Cost Ceiling Test resent value of estimated future net cash flows from proved reserves (adjusted for hedges and excluding cash flows related to estimated abandonment costs), be compared to the net capitalized costs of proved oil and natural gas properties, net of related deferred taxes. This comparison is referred to as a “ceiling test.” If the net capitalized costs of proved oil and natural gas properties exceed the estimated discounted future net cash flows from proved reserves, we are required to write-down the value of our oil and natural gas properties to the value of the discounted cash flows. Estimated future net cash flows from proved reserves are calculat 12 The Full Cost Ceiling Test performed as of September 30, 2020 12 $1.97 $9.4 three September 30, 2020 nine September 30, 2020 $16.2 not 2019.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value Measurement We use various methods, including the income approach and market approach, to determine the fair values of our financial instruments that are measured at fair value on a recurring basis, which depend on a number of factors, including the availability of observable market data over the contractual term of the underlying instrument. For some of our instruments, the fair value is calculated based on directly observable market data or data available for similar instruments in similar markets. For other instruments, the fair value may three 1, 2 3 Each of these levels and our corresponding instruments classified by level are further described below: • Level 1 no 1 • Level 2 third third • Level 3 As of September 30, 2020 December 31, 2019
Asset Retirement Obligation [Policy Text Block]	Asset Retirement Obligations Note 3 The estimated fair value of the Company's asset retirement obligations at inception is determined by utilizing the income approach by applying a credit-adjusted risk-free rate, which takes into account the Company's credit risk, the time value of money, and the current economic state, to the undiscounted expected abandonment cash flows. Given the unobservable nature of the inputs, the initial measurement of the asset retirement obligations was classified as Level 3
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition may not 60 and the price that will be received for the sale of the product. We record a liability or an asset for natural gas balancing when we have sold more or less than our working interest share of natural gas production, respectively. As of September 30, 2020 and December 31, 2019 , the net liability for natural gas balancing was immaterial. Differ Note 2
Derivatives, Policy [Policy Text Block]	Derivative Instruments not Note 8
Income Tax, Policy [Policy Text Block]	Income Taxes not not We recognize, as required, the financial statement benefit of an uncertain tax position only after determining that the relevant tax authority would more likely than not not 50 Note 7
Earnings Per Share, Policy [Policy Text Block]	Net Income or Net Loss Per Common Share— Note 6
Commitments and Contingencies, Policy [Policy Text Block]	Commitments and Contingencies third not Note 9
Share-based Payment Arrangement [Policy Text Block]	Share-Based Compensation
Guarantee, Policy [Policy Text Block]	Guarantee September 30, 2020 2L no no
Debt, Policy [Policy Text Block]	Debt Issuance Cost 2L
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In December 2019, 2019 12, 740 December 15, 2020, not In March 2020, 2020 04, 848 not December 31, 2022, December 31, 2022, In August 2020, 2020 06, 470 20 815 40 may December 15, 2021, December 15, 2023,

Note 1 - Description of Busin_2

Note 1 - Description of Business and Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	(In thousands) September 30, 2020 December 31, 2019 Trade payables $ 16,547 $ 11,461 Revenue payables 11,470 14,483 Prepayments from partners 513 - Miscellaneous payables 323 404 Total Accounts payable $ 28,853 $ 26,348 (In thousands) September 30, 2020 December 31, 2019 Accrued capital expenditures $ 3,808 $ 6,175 Accrued lease operating expense 1,096 989 Accrued production and other taxes 1,031 430 Accrued transportation and gathering 1,884 2,258 Accrued performance bonus 2,731 4,642 Accrued interest 175 208 Accrued office lease 1,164 1,414 Accrued general and administrative expense and other 369 499 Total Accrued liabilities $ 12,258 $ 16,615

Note 2 - Revenue Recognition (T

Note 2 - Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 (In thousands) Oil Revenue Gas Revenue NGL Revenue Total Oil and Natural Gas Revenues Oil Revenue Gas Revenue NGL Revenue Total Oil and Natural Gas Revenues Operated $ 1,257 $ 17,665 $ - $ 18,922 $ 4,007 $ 52,156 $ - $ 56,163 Non-operated 39 2,499 3 2,541 540 8,207 7 8,754 Total oil and natural gas revenues $ 1,296 $ 20,164 $ 3 $ 21,463 $ 4,547 $ 60,363 $ 7 $ 64,917 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (In thousands) Oil Revenue Gas Revenue NGL Revenue Total Oil and Natural Gas Revenues Oil Revenue Gas Revenue NGL Revenue Total Oil and Natural Gas Revenues Operated $ 2,365 $ 21,679 $ - $ 24,044 $ 7,881 $ 66,743 $ - $ 74,624 Non-operated 112 3,002 3 3,117 326 13,232 11 13,569 Total oil and natural gas revenues $ 2,477 $ 24,681 $ 3 $ 27,161 $ 8,207 $ 79,975 $ 11 $ 88,193

Note 3 - Asset Retirement Obl_2

Note 3 - Asset Retirement Obligations (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Asset Retirement Obligations [Table Text Block]	Nine Months Ended September 30, 2020 Beginning balance at December 31, 2019 $ 4,169 Liabilities incurred 138 Dispositions (12 ) Accretion expense 228 Ending balance at September 30, 2020 $ 4,523 Current liability - Long term liability $ 4,523

Note 4 - Debt (Tables)

Note 4 - Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, 2020 December 31, 2019 Principal Carrying Amount Principal Carrying Amount 2019 Senior Credit Facility (1) $ 96,400 $ 96,400 $ 92,900 $ 92,900 New 2L Notes (2) 14,327 13,129 12,969 11,535 Total debt $ 110,727 $ 109,529 $ 105,869 $ 104,435
Schedule of Interest Expense and Effective Interest on Liability Component [Table Text Block]	Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019 Interest Expense Effective Interest Rate Interest Expense Effective Interest Rate Interest Expense Effective Interest Rate Interest Expense Effective Interest Rate 2017 Senior Credit Facility $ - — % $ - - $ - — % $ 872 7.2 % 2019 Senior Credit Facility 1,129 4.6 % 1,377 6.2 % 3,534 4.9 % 2,072 6.1 % Convertible Second Lien Notes (1) - — % - - - — % 5,304 24.1 % New 2L Notes (2) 604 18.6 % 604 21.9 % 1,876 20.1 % 788 21.6 % Total interest expense $ 1,733 $ 1,981 $ 5,410 $ 9,036

Note 6 - Net Income (Loss) Pe_2

Note 6 - Net Income (Loss) Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019 (Amounts in thousands, except per share data) Basic net income (loss) per common share: Net income (loss) applicable to common stock $ (22,690 ) $ 1,988 $ (35,312 ) $ 14,215 Weighted average shares of common stock outstanding 12,618 12,257 12,564 12,208 Basic net income (loss) per common share $ (1.80 ) $ 0.16 $ (2.81 ) $ 1.16 Diluted net income (loss) per common share: Net income (loss) applicable to common stock $ (22,690 ) $ 1,988 $ (35,312 ) $ 14,215 Interest, discount and amortization on New 2L Notes - - - 565 Adjusted net income (loss) per common share $ (22,690 ) $ 1,988 $ (35,312 ) $ 14,780 Weighted average shares of common stock outstanding 12,618 12,257 12,564 12,208 Common shares issuable upon conversion of the New 2L Notes - - - 588 Common shares issuable upon conversion of warrants of unsecured claim holders - 1,285 - 1,285 Common shares issuable on assumed conversion of restricted stock ** - 498 - 416 Diluted weighted average shares of common stock outstanding 12,618 14,040 12,564 14,497 Diluted net income (loss) per common share (1) (2) (3) $ (1.80 ) $ 0.14 $ (2.81 ) $ 1.02 (1) Common shares issuable upon conversion of the New 2L Notes not included in the computation of diluted net income (loss) per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020 and the three months ended September 30, 2019. 672 588 672 - (2) Common shares issuable upon conversion of the unsecured claims warrants not included in the computation of diluted net loss per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020. 1,329 - 1,329 - (3) Common shares issuable upon conversion of the restricted stock not included in the computation of diluted net loss per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020. ** 420 - 231 -

Note 8 - Commodity Derivative_2

Note 8 - Commodity Derivative Activities (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Realized and Unrealized Gains and Losses [Table Text Block]	Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019 Oil and Natural Gas Derivatives (in thousands) Gain on commodity derivatives not designated as hedges, settled $ 1,597 $ 5,922 $ 14,905 $ 6,135 Gain (loss) on commodity derivatives not designated as hedges, not settled (12,676 ) (2,170 ) (18,534 ) 9,262 Total gain (loss) on commodity derivatives not designated as hedges $ (11,079 ) $ 3,752 $ (3,629 ) $ 15,397
Schedule of Price Risk Derivatives [Table Text Block]	Contract Type Average Daily Volume Total Volume Weighted Average Fixed Price Fair Value at September 30, 2020 (In thousands) Oil swaps (Bbls) 2020 200 18,400 $57.51 $310 2021 (through March 31, 2021) 200 18,000 $56.58 269 Total oil $ 579 Natural Gas swaps (MMBtu) 2020 45,000 4,109,000 $2.59 $58 2021 63,167 23,089,000 $2.56 (7,089 ) 2022 (through March 31, 2022) 70,000 6,300,000 $2.53 (2,735 ) Natural Gas collars (MMBtu) 2020 25,000 2,300,000 2.40 2.62 $(195 ) 2021 29,250 10,680,000 2.40 3.50 (966 ) 2022 (through March 31, 2022) 30,000 2,700,000 2.50 3.50 (97 ) Natural Gas basis swaps (MMBtu) 2020 50,000 4,600,000 $0.209 $252 2021 50,000 18,250,000 $0.209 (384 ) 2022 50,000 18,250,000 $0.209 (517 ) 2023 50,000 18,250,000 $0.209 (642 ) 2024 50,000 18,300,000 $0.209 (1,017 ) Total natural gas $ (13,332 ) Total oil and natural gas $ (12,753 ) Contract Type Daily Volume Weighted Average Fixed Price Contract Start Date Contract Termination Natural gas swap (MMBtu) 20,000 $2.73 April 1, 2021 March 31, 2022 Natural gas collar (MMBtu) 30,000 2.50 3.50 April 1, 2021 March 31, 2022
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Description Level 1 Level 2 Level 3 Total Fair value of oil and natural gas derivatives - Current Assets $ - $ 579 $ - $ 579 Fair value of oil and natural gas derivatives - Non-current Assets - - - - Fair value of oil and natural gas derivatives - Current Liabilities - (6,181 ) - (6,181 ) Fair value of oil and natural gas derivatives - Non-current Liabilities - (7,151 ) - (7,151 ) Total $ - $ (12,753 ) $ - $ (12,753 )
Offsetting Liabilities [Table Text Block]	September 30, 2020 December 31, 2019 Fair Value of Oil and Natural Gas Derivatives Gross Amount As Gross Amount As (in thousands) Amount Offset Presented Amount Offset Presented Fair value of oil and natural gas derivatives - Current Assets $ 3,403 $ (2,824 ) $ 579 $ 9,401 $ (864 ) $ 8,537 Fair value of oil and natural gas derivatives - Non-current Assets 1,356 (1,356 ) - 847 (816 ) 31 Fair value of oil and natural gas derivatives - Current Liabilities (9,005 ) 2,824 (6,181 ) (864 ) 864 - Fair value of oil and natural gas derivatives - Non-current Liabilities (8,507 ) 1,356 (7,151 ) (3,602 ) 816 (2,786 ) Total $ (12,753 ) $ - $ (12,753 ) $ 5,782 $ - $ 5,782

Note 10 - Leases (Tables)

Note 10 - Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Lease, Cost [Table Text Block]	(in thousands) Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019 Consolidated Statements of Operations Classification Building lease cost $ 385 $ 368 $ 1,155 $ 1,124 General and administrative expense Variable lease cost (1) (3 ) 50 20 145 General and administrative expense $ 382 $ 418 $ 1,175 $ 1,269
Operating Lease, Assets and Liabilities [Table Text Block]	(in thousands) September 30, 2020 December 31, 2019 Consolidated Balance Sheets Classification Lease asset, gross $ 2,922 $ 2,922 Furniture, fixtures and equipment and other capital assets Accumulated depreciation (2,191 ) (1,252 ) Accumulated depletion, depreciation and amortization Lease asset, net $ 731 $ 1,670 Current lease liability $ 1,164 $ 1,414 Accrued liabilities Non-current lease liability - 800 Other non-current liabilities Total lease liabilities $ 1,164 $ 2,214
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	(in thousands) September 30, 2020 2020 $ 385 2021 813 2022 - 2023 - 2024 - Thereafter - Total lease payments $ 1,198 Less imputed interest 34 Present value of lease liabilities $ 1,164

Note 1 - Description of Busin_3

Note 1 - Description of Business and Significant Accounting Policies (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Oil and Gas Property Full Cost Method Period Increase (Decrease)	$ 0.1	$ 0.1	$ 0.1	$ 0.2
Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitations, Expense	$ 9.4		$ 16.2
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)			3 years
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)			5 years

Note 1 - Description of Busin_4

Note 1 - Description of Business and Significant Accounting Policies - Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Trade payables	$ 16,547	$ 11,461
Revenue payables	11,470	14,483
Prepayments from partners	513
Miscellaneous payables	323	404
Total Accounts payable	28,853	26,348
Accrued capital expenditures	3,808	6,175
Accrued lease operating expense	1,096	989
Accrued production and other taxes	1,031	430
Accrued transportation and gathering	1,884	2,258
Accrued performance bonus	2,731	4,642
Accrued interest	175	208
Accrued office lease	1,164	1,414
Accrued general and administrative expense and other	369	499
Total Accrued liabilities	$ 12,258	$ 16,615

Note 2 - Revenue Recognition (D

Note 2 - Revenue Recognition (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accrued Oil and Gas Revenue	$ 7,637	$ 11,345

Note 2 - Revenue Recognition -

Note 2 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue from Contract with Customer	$ 21,466	$ 27,165	$ 64,926	$ 88,189
Operated [Member]
Revenue from Contract with Customer	18,922	24,044	56,163	74,624
Non-operated [Member]
Revenue from Contract with Customer	2,541	3,117	8,754	13,569
Oil Revenue [Member]
Revenue from Contract with Customer	1,296	2,477	4,547	8,207
Oil Revenue [Member] | Operated [Member]
Revenue from Contract with Customer	1,257	2,365	4,007	7,881
Oil Revenue [Member] | Non-operated [Member]
Revenue from Contract with Customer	39	112	540	326
Gas Revenue [Member]
Revenue from Contract with Customer	20,164	24,681	60,363	79,975
Gas Revenue [Member] | Operated [Member]
Revenue from Contract with Customer	17,665	21,679	52,156	66,743
Gas Revenue [Member] | Non-operated [Member]
Revenue from Contract with Customer	2,499	3,002	8,207	13,232
NGL Revenue [Member]
Revenue from Contract with Customer	3	3	7	11
NGL Revenue [Member] | Operated [Member]
Revenue from Contract with Customer
NGL Revenue [Member] | Non-operated [Member]
Revenue from Contract with Customer	3	3	7	11
Oil and Gas Service [Member]
Revenue from Contract with Customer	$ 21,463	$ 27,161	$ 64,917	$ 88,193

Note 3 - Asset Retirement Obl_3

Note 3 - Asset Retirement Obligations - Schedule of Asset Retirement Obligations (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Balance	$ 4,169
Liabilities incurred	138
Dispositions	(12)
Accretion expense	228
Balance	4,523
Current liability	0
Long term liability	$ 4,523	$ 4,169

Note 4 - Debt (Details Textual)

Note 4 - Debt (Details Textual) $ / shares in Units, $ in Thousands, shares in Millions		Oct. 30, 2020USD ($)	May 31, 2019USD ($)$ / shares	May 29, 2019USD ($)	May 14, 2019USD ($)	Oct. 17, 2017	Sep. 30, 2020USD ($)		Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)		Sep. 30, 2019USD ($)	May 31, 2020USD ($)	Dec. 31, 2019USD ($)		Oct. 11, 2019USD ($)	May 30, 2019USD ($)	Oct. 12, 2016USD ($)shares
Gain (Loss) on Extinguishment of Debt, Total												$ (1,846)
Debt Instrument, Face Amount							110,727			110,727				$ 105,869
Long-term Debt, Gross							109,529			109,529				104,435
Costless Warrants Associated with the Convertible Second Lien Notes [Member]
Warrants and Rights Outstanding, Term (Year)																		10 years
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares																		2.5
New Convertible Second Lien Notes, New 2L Notes [Member]
Long-term Debt Gross Paid in Kind Interest							2,300			2,300				1,000
Debt Instrument, Unamortized Discount, Total			$ 1,400				1,000			1,000				1,100
Debt Issuance Costs, Net, Total							$ 200			$ 200			$ 300	300
Debt Instrument, Interest Rate, Stated Percentage			13.50%				13.50%			13.50%
Debt Instrument, Interest Rate During Period	[1]						18.60%		21.90%	20.10%		21.60%
Amortization of Debt Discount (Premium)							$ 100		$ 100	$ 400		$ 200
Paid-in-Kind Interest							500		$ 400	1,400		$ 500
Debt Instrument, Covenant Compliance Unrestricted Cash, Maximum			$ 10,000
Debt Instrument, Covenant, Compliance Total Proved Asset Coverage Ratio			1.5
Debt Instrument, Face Amount			$ 12,000				14,327	[2]		14,327	[2]			12,969	[2]
Long-term Debt, Gross			10,600				$ 13,129	[2]		$ 13,129	[2]			11,535	[2]		$ 12,000
Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature			$ 1,400
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares			$ 21.33
Convertible Second Lien Notes [Member]
Debt Instrument, Unamortized Discount, Total																		$ 11,000
Debt Instrument, Interest Rate, Stated Percentage							13.50%			13.50%								13.50%
Debt Instrument, Interest Rate During Period	[3]											24.10%
Amortization of Debt Discount (Premium)												$ 2,300
Paid-in-Kind Interest												$ 3,000
Gain (Loss) on Extinguishment of Debt, Total				$ (1,600)
Debt Instrument, Face Amount																		$ 40,000
Long-term Debt, Gross																$ 40,000		29,000
Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature																		$ 11,000
Debt Conversion, Original Debt, Amount				$ 56,700
The 2017 Senior Credit Facility [Member]
Debt Instrument, Interest Rate During Period												7.20%
Line of Credit Facility, Maximum Borrowing Capacity					$ 250,000
Line of Credit Facility, Current Borrowing Capacity					75,000
Line of Credit Facility, Commitment Fee Percentage						0.50%
Gain (Loss) on Extinguishment of Debt, Total					(200)
The 2017 Senior Credit Facility [Member] | Minimum [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate						1.75%
The 2017 Senior Credit Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate						2.75%
The 2017 Senior Credit Facility [Member] | Maximum [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate						2.75%
The 2017 Senior Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate						3.75%
The 2019 Senior Credit Facility [Member]
Debt Issuance Costs, Net, Total							$ 1,900			$ 1,900
Debt Instrument, Interest Rate During Period							4.60%		6.20%	4.90%		6.10%
Line of Credit Facility, Maximum Borrowing Capacity					$ 500,000
Line of Credit Facility, Current Borrowing Capacity							$ 120,000			$ 120,000
Line of Credit Facility, Interest Rate at Period End, Default Rate					2.00%
Line of Credit Facility, Interest Rate at Period End							3.93%			3.93%
Debt Instrument, Covenant, Current Ratio					1
Debt Instrument, Covenant Compliance Unrestricted Cash, Maximum					$ 10,000
Debt Instrument, Covenant, Compliance Total Proved Asset Coverage Ratio					1.5
Long-term Line of Credit, Total							$ 96,400			$ 96,400
Debt Instrument, Covenant Compliance Debt to EBITDAX										4
Debt Instrument, Face Amount	[4]						96,400			$ 96,400				92,900
Long-term Debt, Gross	[4]						$ 96,400			$ 96,400				$ 92,900
The 2019 Senior Credit Facility [Member] | Subsequent Event [Member]
Debt Instrument, Covenant Compliance Debt to EBITDAX		3.5
Debt Instrument, Anti-cash Hoarding Covenant, Balance Sheet Cash Threshold Amount for Prepayments on Debt Outstanding		$ 10,000
The 2019 Senior Credit Facility [Member] | Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 10,000
The 2019 Senior Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Commitment Fee Percentage					0.375%
The 2019 Senior Credit Facility [Member] | Minimum [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate					1.50%
The 2019 Senior Credit Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate					2.50%
The 2019 Senior Credit Facility [Member] | Maximum [Member]
Line of Credit Facility, Commitment Fee Percentage					0.50%
The 2019 Senior Credit Facility [Member] | Maximum [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate					2.50%
The 2019 Senior Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate					3.50%
[1]	The New 2L Notes have a coupon interest rate of 13.50%; however, the discount recorded due to the convertibility of the notes increased the effective interest rate to 18.6% and 20.1%, respectively, for the three and nine months ended September 30, 2020 and 21.9% and 21.6%, respectively, for the three and nine months ended September 30, 2019. Interest expense for the three months ended September 30, 2020 included $0.1 million of debt discount amortization and $0.5 million of accrued interest to be paid in-kind, and interest expense for the nine months ended September 30, 2020 included $0.4 million of debt discount amortization and $1.4 million of accrued interest to be paid in-kind. Interest expense for the three and nine months ended September 30, 2019 included $0.1 million and $0.2 million of debt discount amortization, respectively, and $0.4 million and $0.5 million of accrued interest to be paid in-kind, respectively.
[2]	The debt discount is being amortized using the effective interest rate method based upon a maturity date of May 31, 2022. The principal includes $2.3 million and $1.0 million of paid in-kind interest as of September 30, 2020 and December 31, 2019, respectively. The carrying value includes $1.0 million and $1.1 million of unamortized debt discount and $0.2 million and $0.3 million of unamortized issuance cost as of September 30, 2020 and December 31, 2019, respectively.
[3]	The Convertible Second Lien Notes had a coupon interest rate of 13.50%; however, the discount recorded due to the convertibility of the notes increased the effective interest rate to 24.1% for the nine months ended September 30, 2019. Interest expense for the nine months ended September 30, 2019 included $2.3 million of debt discount amortization and $3.0 million of paid in-kind interest.
[4]	The carrying amount for the 2019 Senior Credit Facility represents fair value as it was fully secured.

Note 4 - Debt - Components of D

Note 4 - Debt - Components of Debt (Details) - USD ($) $ in Thousands		Sep. 30, 2020		Dec. 31, 2019		May 31, 2019	May 30, 2019
Principal		$ 110,727		$ 105,869
Carrying amount		109,529		104,435
The 2019 Senior Credit Facility [Member]
Principal	[1]	96,400		92,900
Carrying amount	[1]	96,400		92,900
New Convertible Second Lien Notes, New 2L Notes [Member]
Principal		14,327	[2]	12,969	[2]	$ 12,000
Carrying amount		$ 13,129	[2]	$ 11,535	[2]	$ 10,600	$ 12,000
[1]	The carrying amount for the 2019 Senior Credit Facility represents fair value as it was fully secured.
[2]	The debt discount is being amortized using the effective interest rate method based upon a maturity date of May 31, 2022. The principal includes $2.3 million and $1.0 million of paid in-kind interest as of September 30, 2020 and December 31, 2019, respectively. The carrying value includes $1.0 million and $1.1 million of unamortized debt discount and $0.2 million and $0.3 million of unamortized issuance cost as of September 30, 2020 and December 31, 2019, respectively.

Note 4 - Debt - Components of_2

Note 4 - Debt - Components of Debt, Interest Expense and Effective Interest Rate (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest Expense		$ 1,733	$ 1,981	$ 5,410	$ 9,036
The 2017 Senior Credit Facility [Member]
Interest Expense					$ 872
Effective Interest Rate					7.20%
The 2019 Senior Credit Facility [Member]
Interest Expense		$ 1,129	$ 1,377	$ 3,534	$ 2,072
Effective Interest Rate		4.60%	6.20%	4.90%	6.10%
Convertible Second Lien Notes [Member]
Interest Expense	[1]				$ 5,304
Effective Interest Rate	[1]				24.10%
New Convertible Second Lien Notes, New 2L Notes [Member]
Interest Expense	[2]	$ 604	$ 604	$ 1,876	$ 788
Effective Interest Rate	[2]	18.60%	21.90%	20.10%	21.60%
[1]	The Convertible Second Lien Notes had a coupon interest rate of 13.50%; however, the discount recorded due to the convertibility of the notes increased the effective interest rate to 24.1% for the nine months ended September 30, 2019. Interest expense for the nine months ended September 30, 2019 included $2.3 million of debt discount amortization and $3.0 million of paid in-kind interest.
[2]	The New 2L Notes have a coupon interest rate of 13.50%; however, the discount recorded due to the convertibility of the notes increased the effective interest rate to 18.6% and 20.1%, respectively, for the three and nine months ended September 30, 2020 and 21.9% and 21.6%, respectively, for the three and nine months ended September 30, 2019. Interest expense for the three months ended September 30, 2020 included $0.1 million of debt discount amortization and $0.5 million of accrued interest to be paid in-kind, and interest expense for the nine months ended September 30, 2020 included $0.4 million of debt discount amortization and $1.4 million of accrued interest to be paid in-kind. Interest expense for the three and nine months ended September 30, 2019 included $0.1 million and $0.2 million of debt discount amortization, respectively, and $0.4 million and $0.5 million of accrued interest to be paid in-kind, respectively.

Note 5 - Equity (Details Textua

Note 5 - Equity (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 100,000	$ 100,000	$ 1,000,000	$ 100,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation			$ 300,000
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)			39,700
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01		$ 0.01		$ 0.01
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period (in shares)		12,000		12,000
Treasury Stock, Value, Acquired, Cost Method		$ 100,000		$ 500,000
Treasury Stock, Shares, Acquired (in shares)		352		47,133
Costless Warrants Associated with Convertible Second Lien Notes [Member]
Class of Warrant or Right, Exercised During Period (in shares)		0		150,000
Warrants and Rights Outstanding, Term (Year)		10 years		10 years
Common Stock, Par or Stated Value Per Share (in dollars per share)		$ 1		$ 1
Stock Issued During Period, Shares, New Issues (in shares)				150,000
Class of Warrant or Right, Outstanding (in shares)		0		0
Common Stock [Member]
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total	$ 6,000		$ 136,000

Note 6 - Net Income (Loss) Pe_3

Note 6 - Net Income (Loss) Per Common Share (Details Textual)	9 Months Ended
	Sep. 30, 2020
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Performance Award of Initial Units Granted, Percent	0.00%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Performance Award of Initial Units Granted, Percent	250.00%

Note 6 - Net Income (Loss) Pe_4

Note 6 - Net Income (Loss) Per Common Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net income (loss) applicable to common stock		$ (22,690)	$ 1,988	$ (35,312)	$ 14,215
Weighted average shares of common stock outstanding - basic (in shares)		12,618,000	12,257,000	12,564,000	12,208,000
Net income (loss) per common share - basic (in dollars per share)		$ (1.80)	$ 0.16	$ (2.81)	$ 1.16
Interest, discount and amortization on New 2L Notes					$ 565
Adjusted net income (loss) per common share		$ (22,690)	$ 1,988	$ (35,312)	$ 14,780
Common shares issuable upon conversion of the New 2L Notes (in shares)					588,000
Common shares issuable on assumed conversion of restricted stock ** (in shares)	[1]		498,000		416,000
Weighted average shares of common stock outstanding - diluted (in shares)		12,618,000	14,040,000	12,564,000	14,497,000
Net income (loss) per common share - diluted (in dollars per share)	[2],[3],[4]	$ (1.80)	$ 0.14	$ (2.81)	$ 1.02
Convertible Debt Securities [Member]
(1) Common shares issuable upon conversion of the New 2L Notes not included in the computation of diluted net income (loss) per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020 and the three months ended September 30, 2019. (in shares)		672	588	672
Warrant [Member]
(1) Common shares issuable upon conversion of the New 2L Notes not included in the computation of diluted net income (loss) per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020 and the three months ended September 30, 2019. (in shares)		1,329		1,329
Restricted Stock [Member]
(1) Common shares issuable upon conversion of the New 2L Notes not included in the computation of diluted net income (loss) per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020 and the three months ended September 30, 2019. (in shares)	[1]	420		231
Warrants Associated with Unsecured Claim Holders [Member]
Common shares issuable upon conversion of warrants (in shares)			1,285,000		1,285,000
[1]	** Common shares issuable on assumed conversion of share-based compensation assumes a payout of the Company's performance share awards at 100% of the initial units granted (or a ratio of one unit to one common share). The range of common stock shares which may be earned ranges from zero to 250% of the initial performance units granted.
[2]	Common shares issuable upon conversion of the New 2L Notes not included in the computation of diluted net income (loss) per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020 and the three months ended September 30, 2019.
[3]	Common shares issuable upon conversion of the restricted stock not included in the computation of diluted net loss per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020.
[4]	Common shares issuable upon conversion of the unsecured claims warrants not included in the computation of diluted net loss per common share since their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2020.

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020	Dec. 31, 2019
Income Tax Expense (Benefit), Total	$ 0	$ 0	$ 0	$ 0
Deferred Tax Assets, Valuation Allowance, Total						$ 74,200
Proceeds From Deferred Tax Assets					$ 400
Unrecognized Tax Benefits, Ending Balance	$ 0		$ 0

Note 8 - Commodity Derivative_3

Note 8 - Commodity Derivative Activities (Details Textual) $ in Millions	Sep. 30, 2020USD ($)
Commodity Contract [Member] | RBC Capital Markets [Member]
Loss Contingency, Estimate of Possible Loss	$ 0.6

Note 8 - Commodity Derivative_4

Note 8 - Commodity Derivative Activities - Summary of Gains and Losses on Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Gain (loss) on commodity derivatives not designated as hedges	$ (11,079)	$ 3,752	$ (3,629)	$ 15,397
Commodity Contract [Member]
Gain on commodity derivatives not designated as hedges, settled	1,597	5,922	14,905	6,135
Gain (loss) on commodity derivatives not designated as hedges, not settled	(12,676)	(2,170)	(18,534)	9,262
Gain (loss) on commodity derivatives not designated as hedges	$ (11,079)	$ 3,752	$ (3,629)	$ 15,397

Note 8 - Commodity Derivative_5

Note 8 - Commodity Derivative Activities - Outstanding Commodity (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2020USD ($)MMBTU$ / item$ / MMBTU	Sep. 30, 2020USD ($)MMBTU$ / item$ / MMBTUbbl
Fair value | $	$ (12,753)	$ (12,753)
Not Designated as Hedging Instrument [Member] | Natural Gas Swap with Truist Bank, RBC Capital Markets and Citizens Commercial Banking Contracted April 1, 2021 and Terminating September 30, 2021 [Member]
Weighted Average Fixed Price (in USD per Per Share) | $ / MMBTU	2.73	2.73
Average Daily Volume (Millions of British Thermal Unit) | MMBTU	20,000
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit) | $ / MMBTU	2.73	2.73
Not Designated as Hedging Instrument [Member] | The 2020 Oil Swaps [Member]
Average daily volume, oil swaps (Barrel of Oil) | bbl		200
Total volume, oil swaps (Barrel of Oil) | bbl		18,400
Weighted Average Fixed Price (in USD per Per Share)	57.51	57.51
Fair value | $	$ 310	$ 310
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	57.51	57.51
Not Designated as Hedging Instrument [Member] | Natural Gas Collar with Truist Bank, RBC Capital Markets and Citizens Commercial Banking Contracted April 1, 2021 and Terminating March 31, 2022 [Member]
Average Daily Volume (Millions of British Thermal Unit) | MMBTU	30,000
Not Designated as Hedging Instrument [Member] | Natural Gas Collar with Truist Bank, RBC Capital Markets and Citizens Commercial Banking Contracted April 1, 2021 and Terminating March 31, 2022 [Member] | Minimum [Member]
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit) | $ / MMBTU	2.5	2.5
Not Designated as Hedging Instrument [Member] | Natural Gas Collar with Truist Bank, RBC Capital Markets and Citizens Commercial Banking Contracted April 1, 2021 and Terminating March 31, 2022 [Member] | Maximum [Member]
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit) | $ / MMBTU	3.5	3.5
Not Designated as Hedging Instrument [Member] | The 2021 Oil Swaps [Member]
Average daily volume, oil swaps (Barrel of Oil) | bbl		200
Total volume, oil swaps (Barrel of Oil) | bbl		18,000
Weighted Average Fixed Price (in USD per Per Share)	56.58	56.58
Fair value | $	$ 269	$ 269
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	56.58	56.58
Not Designated as Hedging Instrument [Member] | Total Crude Oil [Member]
Fair value | $	$ 579	$ 579
Not Designated as Hedging Instrument [Member] | The 2020 Natural Gas Swaps [Member]
Weighted Average Fixed Price (in USD per Per Share)	2.59	2.59
Fair value | $	$ 58	$ 58
Average Daily Volume (Millions of British Thermal Unit) | MMBTU		45,000
Total Volume (Millions of British Thermal Unit) | MMBTU		4,109,000
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	2.59	2.59
Not Designated as Hedging Instrument [Member] | The 2021 Natural Gas Swaps [Member]
Weighted Average Fixed Price (in USD per Per Share)	2.56	2.56
Fair value | $	$ (7,089)	$ (7,089)
Average Daily Volume (Millions of British Thermal Unit) | MMBTU		63,167
Total Volume (Millions of British Thermal Unit) | MMBTU		23,089,000
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	2.56	2.56
Not Designated as Hedging Instrument [Member] | The 2022 Natural Gas Swaps [Member]
Fair value | $	$ (2,735)	$ (2,735)
Average Daily Volume (Millions of British Thermal Unit) | MMBTU		70,000
Total Volume (Millions of British Thermal Unit) | MMBTU		6,300,000
Not Designated as Hedging Instrument [Member] | The 2022 Natural Gas Swaps [Member] | Maximum [Member]
Weighted Average Fixed Price (in USD per Per Share)	2.53	2.53
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	2.53	2.53
Not Designated as Hedging Instrument [Member] | The 2020 Natural Gas Collar [Member]
Fair value | $	$ (195)	$ (195)
Average Daily Volume (Millions of British Thermal Unit) | MMBTU		25,000
Total Volume (Millions of British Thermal Unit) | MMBTU		2,300,000
Not Designated as Hedging Instrument [Member] | The 2020 Natural Gas Collar [Member] | Minimum [Member]
Weighted Average Fixed Price (in USD per Per Share)	2.4	2.4
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	2.4	2.4
Not Designated as Hedging Instrument [Member] | The 2020 Natural Gas Collar [Member] | Maximum [Member]
Weighted Average Fixed Price (in USD per Per Share)	2.6262	2.6262
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	2.6262	2.6262
Not Designated as Hedging Instrument [Member] | The 2021 Natural Gas Collar [Member]
Fair value | $	$ (966)	$ (966)
Average Daily Volume (Millions of British Thermal Unit) | MMBTU		29,250
Total Volume (Millions of British Thermal Unit) | MMBTU		10,680,000
Not Designated as Hedging Instrument [Member] | The 2021 Natural Gas Collar [Member] | Minimum [Member]
Weighted Average Fixed Price (in USD per Per Share)	2.4	2.4
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	2.4	2.4
Not Designated as Hedging Instrument [Member] | The 2021 Natural Gas Collar [Member] | Maximum [Member]
Weighted Average Fixed Price (in USD per Per Share)	3.505	3.505
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	3.505	3.505
Not Designated as Hedging Instrument [Member] | The 2022 Natural Gas Collars [Member]
Fair value | $	$ (97)	$ (97)
Average Daily Volume (Millions of British Thermal Unit) | MMBTU		30,000
Total Volume (Millions of British Thermal Unit) | MMBTU		2,700,000
Not Designated as Hedging Instrument [Member] | The 2022 Natural Gas Collars [Member] | Minimum [Member]
Weighted Average Fixed Price (in USD per Per Share)	2.5	2.5
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	2.5	2.5
Not Designated as Hedging Instrument [Member] | The 2022 Natural Gas Collars [Member] | Maximum [Member]
Weighted Average Fixed Price (in USD per Per Share)	3.505	3.505
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	3.505	3.505
Not Designated as Hedging Instrument [Member] | The 2020 Natural Gas Basis Swaps [Member]
Weighted Average Fixed Price (in USD per Per Share)	0.209	0.209
Fair value | $	$ 252	$ 252
Average Daily Volume (Millions of British Thermal Unit) | MMBTU		50,000
Total Volume (Millions of British Thermal Unit) | MMBTU		4,600,000
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	0.209	0.209
Not Designated as Hedging Instrument [Member] | The 2021 Natural Gas Basis Swaps [Member]
Weighted Average Fixed Price (in USD per Per Share)	0.209	0.209
Fair value | $	$ (384)	$ (384)
Average Daily Volume (Millions of British Thermal Unit) | MMBTU		50,000
Total Volume (Millions of British Thermal Unit) | MMBTU		18,250,000
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	0.209	0.209
Not Designated as Hedging Instrument [Member] | The 2022 Natural Gas Basis Swaps [Member]
Weighted Average Fixed Price (in USD per Per Share)	0.209	0.209
Fair value | $	$ (517)	$ (517)
Average Daily Volume (Millions of British Thermal Unit) | MMBTU		50,000
Total Volume (Millions of British Thermal Unit) | MMBTU		18,250,000
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	0.209	0.209
Not Designated as Hedging Instrument [Member] | The 2023 Natural Gas Basis Swaps [Member]
Weighted Average Fixed Price (in USD per Per Share)	0.209	0.209
Fair value | $	$ (642)	$ (642)
Average Daily Volume (Millions of British Thermal Unit) | MMBTU		50,000
Total Volume (Millions of British Thermal Unit) | MMBTU		18,250,000
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	0.209	0.209
Not Designated as Hedging Instrument [Member] | The 2024 Natural Gas Basis Swaps [Member]
Weighted Average Fixed Price (in USD per Per Share)	0.209	0.209
Fair value | $	$ (1,017)	$ (1,017)
Average Daily Volume (Millions of British Thermal Unit) | MMBTU		50,000
Total Volume (Millions of British Thermal Unit) | MMBTU		18,300,000
Weighted Average Fixed Price (in USD per Millions of British Thermal Unit)	0.209	0.209
Not Designated as Hedging Instrument [Member] | Total Natural Gas [Member]
Fair value | $	$ (13,332)	$ (13,332)

Note 8 - Commodity Derivative_6

Note 8 - Commodity Derivative Activities - Reconciliation of Gross Amounts to Amounts As Presented on Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Fair value of oil and natural gas derivatives - Current Assets	$ 579	$ 8,537
Fair value of oil and natural gas derivatives - Current Liabilities	(6,181)
Fair value of oil and natural gas derivatives - Non-current Liabilities	(7,151)	$ (2,786)
Total	(12,753)
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]
Fair value of oil and natural gas derivatives - Current Assets	579
Fair value of oil and natural gas derivatives - Current Liabilities	(6,181)
Fair value of oil and natural gas derivatives - Non-current Liabilities	(7,151)
Total	(12,753)
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value of oil and natural gas derivatives - Current Assets
Fair value of oil and natural gas derivatives - Current Liabilities
Fair value of oil and natural gas derivatives - Non-current Liabilities
Total
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value of oil and natural gas derivatives - Current Assets	579
Fair value of oil and natural gas derivatives - Current Liabilities	(6,181)
Fair value of oil and natural gas derivatives - Non-current Liabilities	(7,151)
Total	(12,753)
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value of oil and natural gas derivatives - Current Assets
Fair value of oil and natural gas derivatives - Current Liabilities
Fair value of oil and natural gas derivatives - Non-current Liabilities
Total

Note 8 - Commodity Derivative_7

Note 8 - Commodity Derivative Activities - Derivative Table, Fair Value with Netting (Details) - Not Designated as Hedging Instrument [Member] - Commodity Contract [Member] - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Derivative Asset, Gross Amount	$ (12,753)	$ 5,782
Derivative Asset, Amount Offset
Derivative Asset, As Presented	(12,753)	5,782
Current Assets [Member]
Derivative Asset, Gross Amount	3,403	9,401
Derivative Asset, Amount Offset	(2,824)	(864)
Derivative Asset, As Presented	579	8,537
Non-current Assets [Member]
Derivative Asset, Gross Amount	1,356	847
Derivative Asset, Amount Offset	(1,356)	(816)
Derivative Asset, As Presented		31
Current Liabilities [Member]
Derivative Asset, Gross Amount	(9,005)	(864)
Derivative Asset, Amount Offset	2,824	864
Derivative Asset, As Presented	(6,181)
Non-current Liabilities [Member]
Derivative Asset, Gross Amount	(8,507)	(3,602)
Derivative Asset, Amount Offset	1,356	816
Derivative Asset, As Presented	$ (7,151)	$ (2,786)

Note 10 - Leases (Details Textu

Note 10 - Leases (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Operating Lease, Weighted Average Remaining Lease Term (Year)	219 days		219 days
Operating Lease, Weighted Average Discount Rate, Percent	8.00%		8.00%
Operating Lease, Payments	$ 0.4	$ 0.4	$ 1.2	$ 1.2

Note 10 - Leases - Lease Cost a

Note 10 - Leases - Lease Cost and Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Lease, Cost, Total		$ 382	$ 418	$ 1,175	$ 1,269
General and Administrative Expense [Member]
Building lease cost		385	368	1,155	1,124
Variable lease cost (1)	[1]	$ (3)	$ 50	$ 20	$ 145
[1]	Includes building operating expenses.

Note 10 - Leases - Assets and L

Note 10 - Leases - Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Lease asset, net	$ 731	$ 1,670
Total lease liabilities	1,164
Furniture, Fixtures and Equipment and Other Capital Assets [Member]
Lease asset, gross	2,922	2,922
Accumulated Depletion, Depreciation, and Amortization [Member]
Accumulated depreciation	2,191	1,252
Accounts Payable and Accrued Liabilities [Member]
Current lease liability	1,164	1,414
Other Noncurrent Liabilities [Member]
Non-current lease liability		800
Furniture, Fixtures and Equipment and Other Capital Assets Accrued Liabilities and Other Noncurrent Liabilities [Member]
Total lease liabilities	$ 1,164	$ 2,214

Note 10 - Leases - Lease Liabil

Note 10 - Leases - Lease Liability Maturities (Details) $ in Thousands	Sep. 30, 2020USD ($)
2020	$ 385
2021	813
2022
2023
2024
Thereafter
Total lease payments	1,198
Less imputed interest	34
Present value of lease liabilities	$ 1,164