Goodrich Petroleum 10-Q 8 Nov 21 2021 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Nov. 05, 2021
Document Information [Line Items]
Entity Central Index Key	0000943861
Entity Registrant Name	GOODRICH PETROLEUM CORP
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-12719
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	76-0466193
Entity Address, Address Line One	801 Louisiana, Suite 700
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77002
City Area Code	713
Local Phone Number	780-9494
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	GDP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,389,191

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 5,511	$ 1,360
Accounts receivable, trade and other, net of allowance	1,738	920
Accrued oil and natural gas revenue	24,568	10,179
Fair value of oil and natural gas derivatives	1,637	143
Inventory	130	130
Prepaid expenses and other	461	1,292
Total current assets	34,045	14,024
PROPERTY AND EQUIPMENT:
Unevaluated properties	265	240
Oil and natural gas properties (full cost method)	435,932	359,112
Furniture, fixtures and equipment and other capital assets	7,660	7,535
Property, Plant and Equipment, Gross, Ending Balance	443,857	366,887
Less: Accumulated depletion, depreciation and amortization	(213,486)	(177,669)
Net property and equipment	230,371	189,218
Other	1,536	1,835
TOTAL ASSETS	265,952	205,077
CURRENT LIABILITIES:
Accounts payable	32,696	27,811
Fair value of oil and natural gas derivatives	88,138	1,274
Accrued liabilities	19,185	12,866
Total current liabilities	140,019	41,951
Long term debt, net	121,749	110,159
Accrued abandonment cost	5,448	4,716
Fair value of oil and natural gas derivatives	7,098	3,871
Other non-current liabilities	2,510	2,810
Total liabilities	276,824	163,507
Commitments and contingencies (See Note 9)
STOCKHOLDERS’ (DEFICIT) 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 14,187,561 shares issued as of September 30, 2021 and 13,392,625 shares issued and outstanding as of December 31, 2020, respectively	142	134
Treasury stock (4,035 and zero shares, respectively)	(49)	0
Additional paid in capital	85,466	82,842
Accumulated deficit	(96,431)	(41,406)
Total stockholders’ (deficit) equity	(10,872)	41,570
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	$ 265,952	$ 205,077

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
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)	14,187,561	13,392,625
Common stock, shares outstanding (in shares)	14,187,561	13,392,625
Treasury stock, shares (in shares)	4,035	0

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
REVENUES:
Revenues	$ 58,733	$ 21,466	$ 128,708	$ 64,926
OPERATING EXPENSES:
Lease operating expense	3,277	2,831	10,429	9,384
Production and other taxes	1,291	591	2,756	2,361
Transportation and processing	4,811	4,336	13,457	14,586
Depreciation, depletion and amortization	13,389	10,341	35,671	35,484
General and administrative	4,329	3,891	11,302	13,327
Impairment of oil and natural gas properties	0	3,040	0	17,170
Other	4	(11)	(183)	(13)
Operating Expenses, Total	27,101	25,019	73,432	92,299
Operating income (loss)	31,632	(3,553)	55,276	(27,373)
OTHER INCOME (EXPENSE):
Interest expense	(2,232)	(1,733)	(6,255)	(5,410)
Interest income and other expense	0	5	0	147
Loss on commodity derivatives not designated as hedges	(77,369)	(11,079)	(103,111)	(3,629)
Loss on early extinguishment of debt	0	0	(935)	0
Nonoperating Income (Expense), Total	(79,601)	(12,807)	(110,301)	(8,892)
Loss before income taxes	(47,969)	(16,360)	(55,025)	(36,265)
Income tax expense	0	0	0	0
Net loss	$ (47,969)	$ (16,360)	$ (55,025)	$ (36,265)
PER COMMON SHARE
Net loss per common share - basic (in dollars per share)	$ (3.52)	$ (1.30)	$ (4.08)	$ (2.89)
Net loss per common share - diluted (in dollars per share)	$ (3.52)	$ (1.30)	$ (4.08)	$ (2.89)
Weighted average shares of common stock outstanding - basic (in shares)	13,641	12,618	13,481	12,564
Weighted average shares of common stock outstanding - diluted (in shares)	13,641	12,618	13,481	12,564
Oil and Gas [Member]
REVENUES:
Revenues	$ 58,733	$ 21,463	$ 128,708	$ 64,917
Service, Other [Member]
REVENUES:
Revenues	$ 0	$ 3	$ 0	$ 9

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (55,025)	$ (36,265)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depletion, depreciation and amortization	35,671	35,484
Impairment of oil and natural gas properties	0	17,170
Right of use asset depreciation	406	939
Loss on commodity derivatives not designated as hedges	103,111	3,629
Net cash received (paid) for settlement of derivative instruments	(14,515)	14,905
Share-based compensation (non-cash)	1,208	3,564
Loss on early extinguishment of debt	935	0
Amortization of finance cost, debt discount, paid in-kind interest and accretion	3,643	2,261
Change in assets and liabilities:
Accounts receivable, trade and other, net of allowance	(818)	(583)
Accrued oil and natural gas revenue	(14,389)	3,708
Prepaid expenses and other	204	65
Accounts payable	4,885	2,505
Accrued liabilities	1,288	(2,790)
Net cash provided by operating activities	66,604	44,592
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(71,065)	(48,012)
Net cash used in investing activities	(71,065)	(48,012)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments of bank borrowings	(23,000)	(1,000)
Proceeds from bank borrowings	17,000	4,500
Proceeds from 2023 Second Lien Notes	15,000	0
Debt issuance costs	(339)	0
Purchase of treasury stock	(49)	(281)
Net cash provided by financing activities	8,612	3,219
Increase (decrease) in cash and cash equivalents	4,151	(201)
Cash and cash equivalents, beginning of period	1,360	1,452
Cash and cash equivalents, end of period	5,511	1,251
Supplemental disclosures of cash flow information:
Cash paid for interest	2,631	3,182
Increase (decrease) in non-cash capital expenditures	$ 4,599	$ (2,367)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2019	0	12,533,000		0
Balance at Dec. 31, 2019	$ 0	$ 125	$ 81,305	$ 0	$ 2,735	$ 84,165
Net income (loss)	$ 0	$ 0	0	$ 0	3,036	3,036
Share-based compensation (in shares)	0	1,000		0
Share-based compensation	$ 0	$ 0	1,309	$ 0	0	1,309
Treasury stock activity	0	0	0	(2)	0	(2)
Share-based compensation	$ 0	$ 0	1,309	$ 0	0	1,309
Balance (in shares) at Mar. 31, 2020	0	12,534,000		0
Balance at Mar. 31, 2020	$ 0	$ 125	82,614	$ (2)	5,771	88,508
Balance (in shares) at Dec. 31, 2019	0	12,533,000		0
Balance at Dec. 31, 2019	$ 0	$ 125	81,305	$ 0	2,735	84,165
Net income (loss)						$ (36,265)
Share-based compensation (in shares)						136,000
Balance (in shares) at Sep. 30, 2020	0	12,656,000		(39,000)
Balance at Sep. 30, 2020	$ 0	$ 127	85,622	$ (281)	(33,530)	$ 51,938
Balance (in shares) at Mar. 31, 2020	0	12,534,000		0
Balance at Mar. 31, 2020	$ 0	$ 125	82,614	$ (2)	5,771	88,508
Net income (loss)	0	0	0	0	(22,941)	(22,941)
Treasury stock activity	0	0	0	(270)	0	(270)
Share-based compensation	0	2	1,533	0	0	1,535
Discount from Second Lien Notes (See Note 4)	$ 0	$ 0	282	$ 0	0	282
Treasury stock activity (in shares)	0	0		(38,000)
Balance (in shares) at Jun. 30, 2020	0	12,664,000		(38,000)
Balance at Jun. 30, 2020	$ 0	$ 127	84,429	$ (272)	(17,170)	67,114
Net income (loss)	$ 0	$ 0	0	$ 0	(16,360)	$ (16,360)
Share-based compensation (in shares)	0	(8,000)		0		6,000
Treasury stock activity	$ 0	$ 0	0	$ (9)	0	$ (9)
Share-based compensation	$ 0	$ 0	1,193	$ 0	0	1,193
Treasury stock activity (in shares)	0			(1,000)
Balance (in shares) at Sep. 30, 2020	0	12,656,000		(39,000)
Balance at Sep. 30, 2020	$ 0	$ 127	85,622	$ (281)	(33,530)	51,938
Balance (in shares) at Dec. 31, 2020	0	13,393,000		0
Balance at Dec. 31, 2020	$ 0	$ 134	82,842	$ 0	(41,406)	41,570
Net income (loss)	$ 0	$ 0	0	$ 0	4,503	4,503
Share-based compensation (in shares)	0	(1,000)		0
Treasury stock activity	$ 0	$ 0	0	$ (28)	0	(28)
Share-based compensation	0	0	409	0	0	409
Discount from Second Lien Notes (See Note 4)	$ 0	$ 0	1,207	$ 0	0	1,207
Treasury stock activity (in shares)	0	0		(3,000)
UCC warrant exchange (in shares)	0	10,000		0
Balance (in shares) at Mar. 31, 2021	0	13,402,000		(3,000)
Balance at Mar. 31, 2021	$ 0	$ 134	84,458	$ (28)	(36,903)	47,661
Balance (in shares) at Dec. 31, 2020	0	13,393,000		0
Balance at Dec. 31, 2020	$ 0	$ 134	82,842	$ 0	(41,406)	41,570
Net income (loss)						$ (55,025)
UCC warrant exchange (in shares)						790,000
Balance (in shares) at Sep. 30, 2021	0	14,188,000		(4,000)
Balance at Sep. 30, 2021	$ 0	$ 142	85,466	$ (49)	(96,431)	$ (10,872)
Balance (in shares) at Mar. 31, 2021	0	13,402,000		(3,000)
Balance at Mar. 31, 2021	$ 0	$ 134	84,458	$ (28)	(36,903)	47,661
Net income (loss)	0	0	0	0	(11,559)	(11,559)
Share-based compensation	0	0	425	0	0	425
Share-based compensation	$ 0	$ 0	425	$ 0	0	425
Balance (in shares) at Jun. 30, 2021	0	13,402,000		(3,000)
Balance at Jun. 30, 2021	$ 0	$ 134	84,883	$ (28)	(48,462)	36,527
Net income (loss)	0	0	0	0	(47,969)	$ (47,969)
Share-based compensation (in shares)						6,000
Share-based compensation	$ 0	$ 0	591	$ 0	0	$ 591
UCC warrant exchange (in shares)	0	780,000		0		780,000
Share-based compensation	$ 0	$ 0	591	$ 0	0	$ 591
Treasury stock activity (in shares)	0	0		(1,000)
Treasury stock activity	$ 0	$ 0	0	$ (21)	0	(21)
UCC warrant exchange		$ 8	(8)
Balance (in shares) at Sep. 30, 2021	0	14,188,000		(4,000)
Balance at Sep. 30, 2021	$ 0	$ 142	$ 85,466	$ (49)	$ (96,431)	$ (10,872)

Note 1 - Description of Busines

Note 1 - Description of Business and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
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,” the “Company,” or the “Registrant”) 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, 2020 three nine September 30, 2021 not may During the first nine 2021, 19 19 The primary impact of COVID- 19 not 19 19 2021 2022. Principles of Consolidation Use of Estimates Cash and Cash Equivalents ninety Accounts Payable September 30, 2021 December 31, 2020 (In thousands) September 30, 2021 December 31, 2020 Trade payables $ 9,104 $ 12,190 Revenue payables 22,842 14,413 Prepayments from partners 400 664 Miscellaneous payables 350 544 Total Accounts payable $ 32,696 $ 27,811 Accrued Liabilities September 30, 2021 December 31, 2020 (In thousands) September 30, 2021 December 31, 2020 Accrued capital expenditures $ 8,737 $ 4,138 Accrued lease operating expense 1,151 971 Accrued production and other taxes 1,058 509 Accrued transportation and gathering 2,114 1,722 Accrued performance bonus 5,023 3,947 Accrued interest 146 166 Accrued office lease 397 962 Accrued general and administrative expense and other 559 451 Total Accrued liabilities $ 19,185 $ 12,866 Inventory Property and Equipment two two Under the Full Cost Method, we capitalize all costs associated with acquisitions, exploration, development and estimated abandonment costs into a single full cost pool. 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, 2021 2020 nine September 30, 2021 2020, 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 thousand cubic feet equivalent of natural gas (“Mcfe”) as the denominator and the net book value of evaluated oil and natural gas asset together with the estimated future development cost of the proved reserves as the numerator. The rate calculated per Mcfe is applied against the period's production also converted to Mcfe to arrive at the period's 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 discounted at 10%, 12 The Full Cost Ceiling Test for the three September 30, 2021 2020 zero nine September 30, 2021 2020, 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 second third third • Level 3 As of September 30, 2021 December 31, 2020 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. As of September 30, 2021 and December 31, 2020 , the net liability for natural gas balancing was immaterial. Differ Note 2 Derivative Instruments not Note 8 Income Taxes We account for income taxes on an annual basis, as required, under the liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than 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, 2021 2023 no no Debt Issuance Cost 2023 2021/2022 not New Accounting Pronouncements In March 2020, 2020 04, 848 2020 04” 2020 04 2020 04 2020 04 2020 04 not December 31, 2022, December 31, 2022, 2019 October 2020, 2019 In August 2020, 2020 06, 470 20 815 40 2020 06” 2020 06 2020 06. 2020 06 may 2020 06 December 15, 2021, December 15, 2023,

Note 2 - Revenue Recognition

Note 2 - Revenue Recognition	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 2—Revenue In accordance with Accounting Standards Codification ( ASC ) 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 record any differences, which historically have not September 30, 2021 and December 31, 2020 , receivables from contracts with customers w $10. 2 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, 2021 2020 Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 (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 $ 1,771 $ 46,782 $ - $ 48,553 $ 5,529 $ 101,334 $ - $ 106,863 Non-operated 74 10,100 6 10,180 198 21,635 12 21,845 Total oil and natural gas revenues $ 1,845 $ 56,882 $ 6 $ 58,733 $ 5,727 $ 122,969 $ 12 $ 128,708 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

Note 3 - Asset Retirement Oblig

Note 3 - Asset Retirement Obligations	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Asset Retirement Obligation Disclosure [Text Block]	NOTE 3—Asset The reconciliation of the beginning and ending asset retirement obligations for the nine September 30, 2021 Nine Months Ended September 30, 2021 Beginning balance at December 31, 2020 $ 4,716 Liabilities incurred 472 Accretion expense 260 Ending balance at September 30, 2021 $ 5,448 Current liability - Long term liability $ 5,448

Note 4 - Debt

Note 4 - Debt	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 4—Debt Debt consisted of the following balances as of September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 Principal Carrying Amount Principal Carrying Amount 2019 Senior Credit Facility (1) $ 90,400 $ 90,400 $ 96,400 $ 96,400 2021/2022 Second Lien Notes (2) - - 14,811 13,759 2023 Second Lien Notes (3) 32,535 31,349 - - Total debt $ 122,935 $ 121,749 $ 111,211 $ 110,159 ( 1 2019 ( 2 May 31, 2022. December 31, 2020 . The carrying value included $0.9 million of unamortized debt discount and $0.2 million of unamortized issuance cost as of December 31, 2020 . ( 3 May 31, 2023. September 30, 2021 . The carrying value includes $0.9 million of unamortized debt discount and $0.3 million of unamortized issuance cost as of September 30, 2021 . 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 months ended September 30, 2021 and 2020 (amounts in thousands, except effective interest rates): Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Interest Expense Effective Interest Rate Interest Expense Effective Interest Rate Interest Expense Effective Interest Rate Interest Expense Effective Interest Rate 2019 Senior Credit Facility $ 1,020 4.2 % $ 1,129 4.6 % $ 3,011 4.2 % $ 3,534 4.9 % 2021/2022 Second Lien Notes (1) - — % 604 18.6 % 500 19.1 % 1,876 20.1 % 2023 Second Lien Notes (2) 1,212 15.7 % - — % 2,744 16.1 % - — % Total interest expense $ 2,232 $ 1,733 $ 6,255 $ 5,410 ( 1 2021/2022 13.50%; three nine September 30, 2020 nine September 30, 2021 March 9, 2021. three September 30, 2020 nine months ended September 30, 2020 nine September 30, 2021 March 9, 2021 ( 2 2023 13.50%; three nine months ended September 30, 2021 , respectively. Interest expense for the three September 30, 2021 nine months ended September 30, 2021 included $0.4 million of debt discount and issuance cost amortization and $2.3 million of accrued interest to be paid in-kind. 2019 On May 14, 2019, “2019 “2019 The 2019 May 14, 2024 December 2, 2022, 2023 not December 2, 2022, 180 May 31, 2023 2023 2019 September 30, 2021 2021 March September may one 2019 November 5, 2021, 2019 no no 2019 not 1.00. 2019 2019 2023 may 2019 All amounts outstanding under the 2019 2019 2019 September 30, 2021 , the weighted average interest rate on the borrowings from the 2019 2019 first The 2019 may 2019 The 2019 not 1.00 2019 not 1.00 no 2023 10 not not 1.00 November 5, 2021, 2019 As of September 30, 2021 , the Company had a borrowing base of $120.0 million with $90.4 million of borrowings outstanding and no September 30, 2021 related to the 2019 As of September 30, 2021 , the Company was in compliance with all covenants within the 2019 Convertible Second Lien Notes In October 2016, 2019 “2019 2019 second two The 2019 August 30, 2019 six no March 30, 2020. 2019 January 15, April 15, July 15 October 15 2019 2019 second Upon issuance of the 2019 October 2016, may August 30, 2019. 2019 May 29, 2019 2019 2019 On May 14, 2019, 2021 “2021/2022 2021/2022 2019 May 2020, 2021/2022 May 31, 2022. Upon issuance of the 2021/2022 May 31, 2019, may May 31, 2021. May 2020, May 31, 2022. On March 9, 2021, “2023 2023 2023 “2023 2021/2022 2023 2023 2019 2021/2022 The 2023 2023 “2023 May 31, 2023. 2023 13.50% January 15, April 15, July 15 October 15 may 2023 2023 The 2023 distributions; limits on sales of assets and stock; business activities; transactions with affiliates; and changes of control. The 2023 10 2023 not not 1.00. The 2023 2023 2023 1 2023 2 3 2023 2019 Upon issuance of the 2023 March 9, 2021, may May 31, 2023. 2021/2022 2021/2022 As of September 30, 2021 , $0.9 million of debt discount and $0.3 million of debt issuance costs remained to be amortized on the 2023 As of September 30, 2021 , the Company was in compliance with all covenants with respect to the 2023

Note 5 - Equity

Note 5 - Equity	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 5—Equity During the three nine months ended September 30, 2021 , the Company had vestings of its share-based compensation units representing a total fair value of less than $0.1 million, which resulted in the issuance of approximately 6,000 common stock shares. The Company withheld shares for payment of taxes due upon vesting and unrestriction of share-based compensation, which resulted in 4,035 shares held in treasury as of September 30, 2021. three nine September 30, 2020 , the Company had vestings of its share-based compensation units upon the retirement of certain employees representing a total fair value of less than $0.1 million and $1.0 million, respectively, which resulted in the issuance of approximately 6,000 and 136,000 common stock shares, respectively. The Company withheld shares for payment of $0.3 million in taxes due upon vesting resulting in 39,700 shares held in treasury as of September 30, 2020. Duri ng the three nine months ended September 30, 2021 , certain holders of costless unsecured claim (“UCC”) warrants exercised such warrants into approximately 780,000 and 790,000 common stock shares, respectively. The UCC warrants, held by certain past unsecured creditors, July 14, 2021. In connection with the issuance of the 2023 March 2021. 2023 not 4.

Note 6 - Net Income (Loss) Per

Note 6 - Net Income (Loss) Per Common Share	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 6—Net Net loss applicable to common stock was used as the numerator in computing basic and diluted net loss per common share for the three nine months ended September 30, 2021 and 2020 . The Company used the treasury stock method in determining the effects of potentially dilutive restricted stock. The following table sets forth information related to the computations of basic and diluted net loss per common share: Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 (Amounts in thousands, except per share data) Basic net loss per common share: Net loss applicable to common stock $ (47,969 ) $ (16,360 ) $ (55,025 ) $ (36,265 ) Weighted average shares of common stock outstanding 13,641 12,618 13,481 12,564 Basic net loss per common share $ (3.52 ) $ (1.30 ) $ (4.08 ) $ (2.89 ) Diluted net loss per common share: Net loss applicable to common stock $ (47,969 ) $ (16,360 ) $ (55,025 ) $ (36,265 ) Diluted weighted average shares of common stock outstanding 13,641 12,618 13,481 12,564 Diluted net loss per common share (1) (2) (3) $ (3.52 ) $ (1.30 ) $ (4.08 ) $ (2.89 ) (1) Common shares issuable upon conversion of the 2023 Second Lien Notes and 2021/2022 Second Lien Notes, respectively, 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, 2021 and September 30, 2020. 1,525 672 1,525 672 (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, 2021 and September 30, 2020. 715 1,329 715 1,329 (3) Common shares issuable upon vesting 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, 2021 and September 30, 2020. ** 251 420 150 231 ** Common shares issuable on assumed vesting of share-based compensation assumes a payout of the Company's performance share awards at 100% one one may zero

Note 7 - Income Taxes

Note 7 - Income Taxes	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 7—Income We recorded no income tax expense or benefit for the three nine September 30, 2021 2020 September 30, 2021 no not December 31, 2020 no 382, may As of September 30, 2021 no December 31, 2020

Note 8 - Commodity Derivative A

Note 8 - Commodity Derivative Activities	9 Months Ended
	Sep. 30, 2021
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 months ended September 30, 2021 and 2020 : Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Oil and Natural Gas Derivatives (in thousands) Gain (loss) on commodity derivatives not designated as hedges, settled $ (12,498 ) $ 1,597 $ (14,515 ) $ 14,905 Loss on commodity derivatives not designated as hedges, not settled (64,871 ) (12,676 ) (88,596 ) (18,534 ) Total gain (loss) on commodity derivatives not designated as hedges $ (77,369 ) $ (11,079 ) $ (103,111 ) $ (3,629 ) 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 loss of $0.9 million had ARM Energy been unable to fulfill their obligations as of September 30, 2021 . As of September 30, 2021 , the open positions on our outstanding commodity derivative contracts, all of which were with Truist Bank, RBC Capital Markets, ARM Energy and Citizens Commercial Banking were as follows: Contract Type Average Daily Volume Total Volume Weighted Average Fixed Price Fair Value at September 30, 2021 (In thousands) Natural Gas swaps (MMBtu) 2021 120,000 11,040,000 $ 2.90 $ (32,777 ) 2022 (through September 30, 2022) 49,780 13,590,000 $ 2.91 (27,974 ) Natural Gas collars (MMBtu) 2021 30,000 2,760,000 2.50 3.50 (6,608 ) 2022 60,000 21,900,000 2.68 3.40 (24,907 ) 2023 (through March 31, 2023) 30,000 2,700,000 2.65 3.51 (2,199 ) Natural Gas basis swaps (MMBtu) 2021 50,000 4,600,000 NYMEX - $0.209 1,362 2022 50,000 18,250,000 NYMEX - $0.209 427 2023 50,000 18,250,000 NYMEX - $0.209 (346 ) 2024 50,000 18,300,000 NYMEX - $0.209 (577 ) Total natural gas $ (93,599 ) During the third 2021, Contract Type Daily Volume Weighted Average Fixed Price Contract Start Date Contract Termination Natural gas swap (MMBtu) 20,000 $3.75 August 1, 2021 December 31, 2021 Natural gas swap (MMBtu) 20,000 $4.06 January 1, 2022 March 31, 2022 Natural gas swap (MMBtu) 30,000 $2.97 April 1, 2022 September 1, 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, 2021 (in thousands). We measure the fair value of our commodity derivative contracts by applying the income approach. See Note 1—“Description for our discussion regarding fair value, including inputs used and valuation techniques for determining fair values. Description Level 1 Level 2 Level 3 Total Fair value of oil and natural gas derivatives - Current Assets $ - $ 1,637 $ - $ 1,637 Fair value of oil and natural gas derivatives - Non-current Assets - - - - Fair value of oil and natural gas derivatives - Current Liabilities - (88,138 ) - (88,138 ) Fair value of oil and natural gas derivatives - Non-current Liabilities - (7,098 ) - (7,098 ) Total $ - $ (93,599 ) $ - $ (93,599 ) We enter into commodity 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, 2021 and December 31, 2020 : September 30, 2021 December 31, 2020 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 $ 3,087 $ (1,450 ) $ 1,637 $ 3,193 $ (3,050 ) $ 143 Fair value of oil and natural gas derivatives - Non-current Assets 1,648 (1,648 ) - 537 (537 ) - Fair value of oil and natural gas derivatives - Current Liabilities (89,588 ) 1,450 (88,138 ) (4,324 ) 3,050 (1,274 ) Fair value of oil and natural gas derivatives - Non-current Liabilities (8,746 ) 1,648 (7,098 ) (4,408 ) 537 (3,871 ) Total $ (93,599 ) $ - $ (93,599 ) $ (5,002 ) $ - $ (5,002 )

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
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, 2021 2020 Pursuant to a purchase and sale agreement related to acreage acquired in September 2021, eight four no September 2025. eight September 30, 2021.

Note 10 - Leases

Note 10 - Leases	9 Months Ended
	Sep. 30, 2021
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 12 not The lease cost components for the three nine September 30, 2021 2020 (in thousands) Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Consolidated Statements of Operations Classification Building lease cost $ 201 $ 385 $ 236 $ 1,155 General and administrative expense Variable lease cost (1) 12 (3 ) 86 20 General and administrative expense $ 213 $ 382 $ 322 $ 1,175 ( 1 The following are additional details related to our lease portfolio as of September 30, 2021 and December 31, 2020 : (in thousands) September 30, 2021 December 31, 2020 Consolidated Balance Sheets Classification Lease asset, gross $ 5,871 $ 5,871 Furniture, fixtures and equipment and other capital assets Accumulated depreciation (2,850 ) (2,445 ) Accumulated depletion, depreciation and amortization Lease asset, net $ 3,021 $ 3,426 Current lease liability $ 397 $ 962 Accrued liabilities Non-current lease liability 2,510 2,810 Other non-current liabilities Total lease liabilities $ 2,907 $ 3,772 The following table presents operating lease liability maturities as of September 30, 2021 : (in thousands) September 30, 2021 2021 159 2022 637 2023 653 2024 661 2025 678 Thereafter 914 Total lease payments $ 3,702 Less imputed interest 795 Present value of lease liabilities $ 2,907 As of September 30, 2021 May 1, 2024 $0.2 three nine September 30, 2021 paid for amounts included in the measurement of operating lease liabilities was $0.4 three nine months ended September 30, 2020 , respectively.

Note 11 - Subsequent Events

Note 11 - Subsequent Events	9 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 11—Subsequent Subsequent to September 30, 2021, On November 5, 2021, See Note 4—Debt.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2021
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, 2020 three nine September 30, 2021 not may During the first nine 2021, 19 19 The primary impact of COVID- 19 not 19 19 2021 2022.
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, 2021 December 31, 2020 (In thousands) September 30, 2021 December 31, 2020 Trade payables $ 9,104 $ 12,190 Revenue payables 22,842 14,413 Prepayments from partners 400 664 Miscellaneous payables 350 544 Total Accounts payable $ 32,696 $ 27,811
Accrued Liabilities, Policy [Policy Text Block]	Accrued Liabilities September 30, 2021 December 31, 2020 (In thousands) September 30, 2021 December 31, 2020 Accrued capital expenditures $ 8,737 $ 4,138 Accrued lease operating expense 1,151 971 Accrued production and other taxes 1,058 509 Accrued transportation and gathering 2,114 1,722 Accrued performance bonus 5,023 3,947 Accrued interest 146 166 Accrued office lease 397 962 Accrued general and administrative expense and other 559 451 Total Accrued liabilities $ 19,185 $ 12,866
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 into a single full cost pool. 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, 2021 2020 nine September 30, 2021 2020, 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 thousand cubic feet equivalent of natural gas (“Mcfe”) as the denominator and the net book value of evaluated oil and natural gas asset together with the estimated future development cost of the proved reserves as the numerator. The rate calculated per Mcfe is applied against the period's production also converted to Mcfe to arrive at the period's 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 discounted at 10%, 12 The Full Cost Ceiling Test for the three September 30, 2021 2020 zero nine September 30, 2021 2020,
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 second third third • Level 3 As of September 30, 2021 December 31, 2020
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. As of September 30, 2021 and December 31, 2020 , 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 We account for income taxes on an annual basis, as required, under the liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than 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, 2021 2023 no no
Debt, Policy [Policy Text Block]	Debt Issuance Cost 2023 2021/2022 not
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In March 2020, 2020 04, 848 2020 04” 2020 04 2020 04 2020 04 2020 04 not December 31, 2022, December 31, 2022, 2019 October 2020, 2019 In August 2020, 2020 06, 470 20 815 40 2020 06” 2020 06 2020 06. 2020 06 may 2020 06 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, 2021
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	(In thousands) September 30, 2021 December 31, 2020 Trade payables $ 9,104 $ 12,190 Revenue payables 22,842 14,413 Prepayments from partners 400 664 Miscellaneous payables 350 544 Total Accounts payable $ 32,696 $ 27,811 (In thousands) September 30, 2021 December 31, 2020 Accrued capital expenditures $ 8,737 $ 4,138 Accrued lease operating expense 1,151 971 Accrued production and other taxes 1,058 509 Accrued transportation and gathering 2,114 1,722 Accrued performance bonus 5,023 3,947 Accrued interest 146 166 Accrued office lease 397 962 Accrued general and administrative expense and other 559 451 Total Accrued liabilities $ 19,185 $ 12,866

Note 2 - Revenue Recognition (T

Note 2 - Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2021
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 (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 $ 1,771 $ 46,782 $ - $ 48,553 $ 5,529 $ 101,334 $ - $ 106,863 Non-operated 74 10,100 6 10,180 198 21,635 12 21,845 Total oil and natural gas revenues $ 1,845 $ 56,882 $ 6 $ 58,733 $ 5,727 $ 122,969 $ 12 $ 128,708 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

Note 3 - Asset Retirement Obl_2

Note 3 - Asset Retirement Obligations (Tables)	9 Months Ended
	Sep. 30, 2021
Notes Tables
Schedule of Asset Retirement Obligations [Table Text Block]	Nine Months Ended September 30, 2021 Beginning balance at December 31, 2020 $ 4,716 Liabilities incurred 472 Accretion expense 260 Ending balance at September 30, 2021 $ 5,448 Current liability - Long term liability $ 5,448

Note 4 - Debt (Tables)

Note 4 - Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, 2021 December 31, 2020 Principal Carrying Amount Principal Carrying Amount 2019 Senior Credit Facility (1) $ 90,400 $ 90,400 $ 96,400 $ 96,400 2021/2022 Second Lien Notes (2) - - 14,811 13,759 2023 Second Lien Notes (3) 32,535 31,349 - - Total debt $ 122,935 $ 121,749 $ 111,211 $ 110,159
Schedule of Interest Expense and Effective Interest on Liability Component [Table Text Block]	Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Interest Expense Effective Interest Rate Interest Expense Effective Interest Rate Interest Expense Effective Interest Rate Interest Expense Effective Interest Rate 2019 Senior Credit Facility $ 1,020 4.2 % $ 1,129 4.6 % $ 3,011 4.2 % $ 3,534 4.9 % 2021/2022 Second Lien Notes (1) - — % 604 18.6 % 500 19.1 % 1,876 20.1 % 2023 Second Lien Notes (2) 1,212 15.7 % - — % 2,744 16.1 % - — % Total interest expense $ 2,232 $ 1,733 $ 6,255 $ 5,410

Note 6 - Net Income (Loss) Pe_2

Note 6 - Net Income (Loss) Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 (Amounts in thousands, except per share data) Basic net loss per common share: Net loss applicable to common stock $ (47,969 ) $ (16,360 ) $ (55,025 ) $ (36,265 ) Weighted average shares of common stock outstanding 13,641 12,618 13,481 12,564 Basic net loss per common share $ (3.52 ) $ (1.30 ) $ (4.08 ) $ (2.89 ) Diluted net loss per common share: Net loss applicable to common stock $ (47,969 ) $ (16,360 ) $ (55,025 ) $ (36,265 ) Diluted weighted average shares of common stock outstanding 13,641 12,618 13,481 12,564 Diluted net loss per common share (1) (2) (3) $ (3.52 ) $ (1.30 ) $ (4.08 ) $ (2.89 ) (1) Common shares issuable upon conversion of the 2023 Second Lien Notes and 2021/2022 Second Lien Notes, respectively, 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, 2021 and September 30, 2020. 1,525 672 1,525 672 (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, 2021 and September 30, 2020. 715 1,329 715 1,329 (3) Common shares issuable upon vesting 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, 2021 and September 30, 2020. ** 251 420 150 231

Note 8 - Commodity Derivative_2

Note 8 - Commodity Derivative Activities (Tables)	9 Months Ended
	Sep. 30, 2021
Notes Tables
Schedule of Realized and Unrealized Gains and Losses [Table Text Block]	Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Oil and Natural Gas Derivatives (in thousands) Gain (loss) on commodity derivatives not designated as hedges, settled $ (12,498 ) $ 1,597 $ (14,515 ) $ 14,905 Loss on commodity derivatives not designated as hedges, not settled (64,871 ) (12,676 ) (88,596 ) (18,534 ) Total gain (loss) on commodity derivatives not designated as hedges $ (77,369 ) $ (11,079 ) $ (103,111 ) $ (3,629 )
Schedule of Price Risk Derivatives [Table Text Block]	Contract Type Average Daily Volume Total Volume Weighted Average Fixed Price Fair Value at September 30, 2021 (In thousands) Natural Gas swaps (MMBtu) 2021 120,000 11,040,000 $ 2.90 $ (32,777 ) 2022 (through September 30, 2022) 49,780 13,590,000 $ 2.91 (27,974 ) Natural Gas collars (MMBtu) 2021 30,000 2,760,000 2.50 3.50 (6,608 ) 2022 60,000 21,900,000 2.68 3.40 (24,907 ) 2023 (through March 31, 2023) 30,000 2,700,000 2.65 3.51 (2,199 ) Natural Gas basis swaps (MMBtu) 2021 50,000 4,600,000 NYMEX - $0.209 1,362 2022 50,000 18,250,000 NYMEX - $0.209 427 2023 50,000 18,250,000 NYMEX - $0.209 (346 ) 2024 50,000 18,300,000 NYMEX - $0.209 (577 ) Total natural gas $ (93,599 ) Contract Type Daily Volume Weighted Average Fixed Price Contract Start Date Contract Termination Natural gas swap (MMBtu) 20,000 $3.75 August 1, 2021 December 31, 2021 Natural gas swap (MMBtu) 20,000 $4.06 January 1, 2022 March 31, 2022 Natural gas swap (MMBtu) 30,000 $2.97 April 1, 2022 September 1, 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 $ - $ 1,637 $ - $ 1,637 Fair value of oil and natural gas derivatives - Non-current Assets - - - - Fair value of oil and natural gas derivatives - Current Liabilities - (88,138 ) - (88,138 ) Fair value of oil and natural gas derivatives - Non-current Liabilities - (7,098 ) - (7,098 ) Total $ - $ (93,599 ) $ - $ (93,599 )
Offsetting Liabilities [Table Text Block]	September 30, 2021 December 31, 2020 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 $ 3,087 $ (1,450 ) $ 1,637 $ 3,193 $ (3,050 ) $ 143 Fair value of oil and natural gas derivatives - Non-current Assets 1,648 (1,648 ) - 537 (537 ) - Fair value of oil and natural gas derivatives - Current Liabilities (89,588 ) 1,450 (88,138 ) (4,324 ) 3,050 (1,274 ) Fair value of oil and natural gas derivatives - Non-current Liabilities (8,746 ) 1,648 (7,098 ) (4,408 ) 537 (3,871 ) Total $ (93,599 ) $ - $ (93,599 ) $ (5,002 ) $ - $ (5,002 )

Note 10 - Leases (Tables)

Note 10 - Leases (Tables)	9 Months Ended
	Sep. 30, 2021
Notes Tables
Lease, Cost [Table Text Block]	(in thousands) Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Consolidated Statements of Operations Classification Building lease cost $ 201 $ 385 $ 236 $ 1,155 General and administrative expense Variable lease cost (1) 12 (3 ) 86 20 General and administrative expense $ 213 $ 382 $ 322 $ 1,175
Operating Lease, Assets and Liabilities [Table Text Block]	(in thousands) September 30, 2021 December 31, 2020 Consolidated Balance Sheets Classification Lease asset, gross $ 5,871 $ 5,871 Furniture, fixtures and equipment and other capital assets Accumulated depreciation (2,850 ) (2,445 ) Accumulated depletion, depreciation and amortization Lease asset, net $ 3,021 $ 3,426 Current lease liability $ 397 $ 962 Accrued liabilities Non-current lease liability 2,510 2,810 Other non-current liabilities Total lease liabilities $ 2,907 $ 3,772
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	(in thousands) September 30, 2021 2021 159 2022 637 2023 653 2024 661 2025 678 Thereafter 914 Total lease payments $ 3,702 Less imputed interest 795 Present value of lease liabilities $ 2,907

Note 1 - Description of Busin_3

Note 1 - Description of Business and Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Oil and Gas Property Full Cost Method Period Increase (Decrease)	$ 100		$ 300
Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitations, Expense	$ 0	$ 3,000	$ 0	$ 17,200
Maximum [Member]
Oil and Gas Property Full Cost Method Period Increase (Decrease)				$ 100
Property, Plant and Equipment, Useful Life (Year)			5 years
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)			3 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, 2021	Dec. 31, 2020
Trade payables	$ 9,104	$ 12,190
Revenue payables	22,842	14,413
Prepayments from partners	400	664
Miscellaneous payables	350	544
Total Accounts payable	32,696	27,811
Accrued capital expenditures	8,737	4,138
Accrued lease operating expense	1,151	971
Accrued production and other taxes	1,058	509
Accrued transportation and gathering	2,114	1,722
Accrued performance bonus	5,023	3,947
Accrued interest	146	166
Accrued office lease	397	962
Accrued general and administrative expense and other	559	451
Total Accrued liabilities	$ 19,185	$ 12,866

Note 2 - Revenue Recognition (D

Note 2 - Revenue Recognition (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Accrued Oil and Gas Revenue	$ 24,568	$ 10,179

Note 2 - Revenue Recognition -

Note 2 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue from Contract with Customer	$ 58,733	$ 21,466	$ 128,708	$ 64,926
Operated [Member]
Revenue from Contract with Customer	48,553	18,922	106,863	56,163
Non-operated [Member]
Revenue from Contract with Customer	10,180	2,541	21,845	8,754
Oil Revenue [Member]
Revenue from Contract with Customer	1,845	1,296	5,727	4,547
Oil Revenue [Member] | Operated [Member]
Revenue from Contract with Customer	1,771	1,257	5,529	4,007
Oil Revenue [Member] | Non-operated [Member]
Revenue from Contract with Customer	74	39	198	540
Gas Revenue [Member]
Revenue from Contract with Customer	56,882	20,164	122,969	60,363
Gas Revenue [Member] | Operated [Member]
Revenue from Contract with Customer	46,782	17,665	101,334	52,156
Gas Revenue [Member] | Non-operated [Member]
Revenue from Contract with Customer	10,100	2,499	21,635	8,207
NGL Revenue [Member]
Revenue from Contract with Customer	6	3	12	7
NGL Revenue [Member] | Operated [Member]
Revenue from Contract with Customer	0	0	0	0
NGL Revenue [Member] | Non-operated [Member]
Revenue from Contract with Customer	6	3	12	7
Oil and Gas Service [Member]
Revenue from Contract with Customer	$ 58,733	$ 21,463	$ 128,708	$ 64,917

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, 2021	Dec. 31, 2020
Balance	$ 4,716
Liabilities incurred	472
Accretion expense	260
Balance	5,448
Current liability	0
Long term liability	$ 5,448	$ 4,716

Note 4 - Debt (Details Textual)

Note 4 - Debt (Details Textual) $ / shares in Units, $ in Thousands, shares in Millions		Nov. 05, 2021USD ($)	Mar. 09, 2021USD ($)$ / shares	May 29, 2019USD ($)	May 14, 2019USD ($)	Oct. 12, 2016USD ($)shares	Sep. 30, 2021USD ($)		Mar. 31, 2021USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Sep. 30, 2021USD ($)		Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)		May 31, 2020USD ($)	Oct. 11, 2019USD ($)	May 31, 2019USD ($)	May 30, 2019USD ($)
Debt Instrument, Interest Rate During Period
Debt Instrument, Face Amount							$ 122,935					$ 122,935			$ 111,211
Long-term Debt, Gross							121,749					121,749			110,159
Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature									$ 1,207		$ 282
Gain (Loss) on Extinguishment of Debt, Total							0			$ 0		(935)		$ 0
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
Old 2L Notes [Member]
Long-term Debt Gross Paid in Kind Interest															2,800
Debt Instrument, Unamortized Discount, Total							800					800			900				$ 1,400
Debt Issuance Costs, Net, Total							$ 100					$ 100			200		$ 300
Debt Instrument, Interest Rate, Stated Percentage																			13.50%
Debt Instrument, Interest Rate During Period	[1]						0.00%			18.60%		19.10%		20.10%
Debt Instrument, Face Amount					$ 12,000		$ 0	[2]				$ 0	[2]		14,811	[2]
Long-term Debt, Gross							0	[2]				0	[2]		13,759	[2]			$ 10,600	$ 12,000
Gain (Loss) on Extinguishment of Debt, Total												(900)
Debt Instrument, Convertible, Carrying Amount of Equity Component																			$ 1,400
The 2023 Second Lien Notes [Member]
Long-term Debt Gross Paid in Kind Interest							2,300					2,300
Debt Instrument, Unamortized Discount, Total			$ 1,200				900					900
Debt Issuance Costs, Net, Total							$ 300					$ 300
Debt Instrument, Interest Rate, Stated Percentage			13.50%				13.50%					13.50%
Debt Instrument, Interest Rate During Period	[3]						15.70%			0.00%		16.10%		0.00%
Amortization of Debt Discount (Premium)							$ 100					$ 400
Paid-in-Kind Interest							1,100					2,300
Debt Instrument, Covenant Compliance Unrestricted Cash, Maximum			$ 10,000
Debt Instrument, Covenant, Compliance Total Proved Asset Coverage Ratio			1.50
Debt Instrument, Face Amount			$ 15,200				32,535	[4]				32,535	[4]		0	[4]
Long-term Debt, Gross			30,200				$ 31,349	[4]				31,349	[4]		0	[4]
Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature												$ 1,200
Proceeds from Issuance of Debt			$ 15,000
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares			$ 21.33
Long-term Debt, Total			$ 29,000
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										18.60%		19.10%		20.10%
Amortization of Debt Discount (Premium)										$ 100		$ 100		$ 400
Paid-in-Kind Interest										$ 500		400		$ 1,400
Debt Instrument, Face Amount						$ 40,000
Long-term Debt, Gross						29,000												$ 40,000
Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature						$ 11,000
Debt Conversion, Original Debt, Amount				$ 56,700
Gain (Loss) on Extinguishment of Debt, Total				$ (1,600)
The 2019 Senior Credit Facility [Member]
Debt Issuance Costs, Net, Total							$ 1,400					$ 1,400
Debt Instrument, Interest Rate During Period							4.20%			4.60%		4.20%		4.90%
Line of Credit Facility, Maximum Borrowing Capacity					$ 500,000
Line of Credit Facility, Current Borrowing Capacity							$ 120,000					$ 120,000
Debt Instrument, Covenant Compliance Debt to EBITDAX					3.50
Line of Credit Facility, Interest Rate at Period End, Default Rate					2.00%
Line of Credit Facility, Interest Rate at Period End							3.40%					3.40%
Debt Instrument, Covenant, Current Ratio					1
Debt Instrument, Covenant Compliance Unrestricted Cash, Maximum					$ 10,000
Debt Instrument, Covenant, Compliance Total Proved Asset Coverage Ratio					1.50
Long-term Line of Credit, Total							$ 90,400					$ 90,400
Letters of Credit Outstanding, Amount							0					0
Debt Instrument, Face Amount	[5]						90,400					90,400			96,400
Long-term Debt, Gross	[5]						$ 90,400					$ 90,400			$ 96,400
The 2019 Senior Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Commitment Fee Percentage					0.375%
The 2019 Senior Credit Facility [Member] | Maximum [Member]
Line of Credit Facility, Commitment Fee Percentage					0.50%
The 2019 Senior Credit Facility [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate					1.50%
The 2019 Senior Credit Facility [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate					2.50%
The 2019 Senior Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate					2.50%
The 2019 Senior Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate					3.50%
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] | Subsequent Event [Member]
Line of Credit Facility, Current Borrowing Capacity		$ 150,000
Line of Credit, Aggregate Available Commitment, Percent		20.00%
Debt Instrument, Covenant Compliance Debt to EBITDAX		1.50
[1]	The 2021/2022 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 18.6% and 20.1%, respectively, for the three and nine months ended September 30, 2020 and 19.1% for the nine months ended September 30, 2021 until exchanged on March 9, 2021. 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 paid in-kind interest. Interest expense for the nine months ended September 30, 2021 until exchanged on March 9, 2021 included $0.1 million of debt discount amortization and $0.4 million of paid in-kind interest.
[2]	The debt discount was being amortized using the effective interest rate method based upon a maturity date of May 31, 2022. The principal included $2.8 million of paid in-kind interest as of December 31, 2020. The carrying value included $0.9 million of unamortized debt discount and $0.2 million of unamortized issuance cost as of December 31, 2020.
[3]	The 2023 Second Lien 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 15.7% for the three and nine months ended September 30, 2021. Interest expense for the three months ended September 30, 2021 included $0.1 million of debt discount and issuance cost amortization and $1.1 million of accrued interest to be paid in-kind, and interest expense for the nine months ended September 30, 2021 included $0.4 million of debt discount and issuance cost amortization and $2.3 million of accrued interest to be paid in-kind.
[4]	The debt discount is being amortized using the effective interest rate method based upon a maturity date of May 31, 2023. The principal includes $2.3 million of paid in-kind interest as of September 30, 2021. The carrying value includes $0.9 million of unamortized debt discount and $0.3 million of unamortized issuance cost as of September 30, 2021.
[5]	The carrying amount for the 2019 Senior Credit Facility represents fair value as its variable interest rate approximates market rates.

Note 4 - Debt - Components of D

Note 4 - Debt - Components of Debt (Details) - USD ($) $ in Thousands		Sep. 30, 2021		Mar. 09, 2021	Dec. 31, 2020		May 31, 2019	May 30, 2019	May 14, 2019
Principal		$ 122,935			$ 111,211
Carrying amount		121,749			110,159
The 2019 Senior Credit Facility [Member]
Principal	[1]	90,400			96,400
Carrying amount	[1]	90,400			96,400
Old 2L Notes [Member]
Principal		0	[2]		14,811	[2]			$ 12,000
Carrying amount		0	[2]		13,759	[2]	$ 10,600	$ 12,000
The 2023 Second Lien Notes [Member]
Principal		32,535	[3]	$ 15,200	0	[3]
Carrying amount		$ 31,349	[3]	$ 30,200	$ 0	[3]
[1]	The carrying amount for the 2019 Senior Credit Facility represents fair value as its variable interest rate approximates market rates.
[2]	The debt discount was being amortized using the effective interest rate method based upon a maturity date of May 31, 2022. The principal included $2.8 million of paid in-kind interest as of December 31, 2020. The carrying value included $0.9 million of unamortized debt discount and $0.2 million of unamortized issuance cost as of December 31, 2020.
[3]	The debt discount is being amortized using the effective interest rate method based upon a maturity date of May 31, 2023. The principal includes $2.3 million of paid in-kind interest as of September 30, 2021. The carrying value includes $0.9 million of unamortized debt discount and $0.3 million of unamortized issuance cost as of September 30, 2021.

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Interest Expense		$ 2,232	$ 1,733	$ 6,255	$ 5,410
Effective Interest Rate
The 2019 Senior Credit Facility [Member]
Interest Expense		$ 1,020	$ 1,129	$ 3,011	$ 3,534
Effective Interest Rate		4.20%	4.60%	4.20%	4.90%
Old 2L Notes [Member]
Interest Expense	[1]	$ 0	$ 604	$ 500	$ 1,876
Effective Interest Rate	[1]	0.00%	18.60%	19.10%	20.10%
The 2023 Second Lien Notes [Member]
Interest Expense	[2]	$ 1,212	$ 0	$ 2,744	$ 0
Effective Interest Rate	[2]	15.70%	0.00%	16.10%	0.00%
[1]	The 2021/2022 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 18.6% and 20.1%, respectively, for the three and nine months ended September 30, 2020 and 19.1% for the nine months ended September 30, 2021 until exchanged on March 9, 2021. 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 paid in-kind interest. Interest expense for the nine months ended September 30, 2021 until exchanged on March 9, 2021 included $0.1 million of debt discount amortization and $0.4 million of paid in-kind interest.
[2]	The 2023 Second Lien 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 15.7% for the three and nine months ended September 30, 2021. Interest expense for the three months ended September 30, 2021 included $0.1 million of debt discount and issuance cost amortization and $1.1 million of accrued interest to be paid in-kind, and interest expense for the nine months ended September 30, 2021 included $0.4 million of debt discount and issuance cost amortization and $2.3 million of accrued interest to be paid in-kind.

Note 5 - Equity (Details Textua

Note 5 - Equity (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Jul. 14, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			$ 100		$ 100			$ 1,000
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Total (in shares)			6,000		6,000			136,000
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)	4,035	39,700
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation		$ 300
Stock Issued During Period, Shares, UCC Warrant Exchange (in shares)			780,000				790,000
Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature				$ 1,207		$ 282
Unsecured Claims Warrants [Member]
Unaffiliated Market Capitalization That Needed to Be Achieved Before the Warrants Became Exercisable									$ 230,000

Note 6 - Net Income (Loss) Pe_3

Note 6 - Net Income (Loss) Per Common Share (Details Textual)	9 Months Ended
	Sep. 30, 2021
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	200.00%

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, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Net loss applicable to common stock		$ (47,969)	$ (16,360)	$ (55,025)	$ (36,265)
Weighted average shares of common stock outstanding - basic (in shares)		13,641	12,618	13,481	12,564
Net loss per common share - basic (in dollars per share)		$ (3.52)	$ (1.30)	$ (4.08)	$ (2.89)
Weighted average shares of common stock outstanding - diluted (in shares)		13,641	12,618	13,481	12,564
Net loss per common share - diluted (in dollars per share)		$ (3.52)	$ (1.30)	$ (4.08)	$ (2.89)
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)		1,525	672	1,525	672
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)		715	1,329	715	1,329
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	[1]	251	420	150	231
[1]	Common shares issuable on assumed vesting 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 200% of the initial performance units granted.

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Income Tax Expense (Benefit), Total	$ 0	$ 0	$ 0	$ 0
Deferred Tax Assets, Valuation Allowance, Total					$ 86,700
Unrecognized Tax Benefits, Ending Balance	$ 0		$ 0

Note 8 - Commodity Derivative_3

Note 8 - Commodity Derivative Activities (Details Textual) $ in Millions	Sep. 30, 2021USD ($)
Commodity Contract [Member] | ARM Energy [Member]
Loss Contingency, Estimate of Possible Loss	$ 0.9

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Total gain (loss) on commodity derivatives not designated as hedges	$ (77,369)	$ (11,079)	$ (103,111)	$ (3,629)
Commodity Contract [Member]
Gain (loss) on commodity derivatives not designated as hedges, settled	(12,498)	1,597	(14,515)	14,905
Loss on commodity derivatives not designated as hedges, not settled	(64,871)	(12,676)	(88,596)	(18,534)
Total gain (loss) on commodity derivatives not designated as hedges	$ (77,369)	$ (11,079)	$ (103,111)	$ (3,629)

Note 8 - Commodity Derivative_5

Note 8 - Commodity Derivative Activities - Outstanding Commodity (Details) - Not Designated as Hedging Instrument [Member] $ in Thousands	Sep. 30, 2021USD ($)MMBTUBoe$ / item	Sep. 30, 2021USD ($)Boe$ / item
Fair value | $	$ (93,599)	$ (93,599)
The 2021 Natural Gas Swaps [Member]
Average Daily Volume (Millions of British Thermal Unit)	120,000
Total Volume (Millions of British Thermal Unit)	11,040,000
Weighted Average Fixed Price (in USD per Per Share) | $ / item	2.90	2.90
Fair value | $	$ (32,777)	$ (32,777)
Natural Gas Swap with Truist Bank, RBC Capital Markets and Citizens Commercial Banking Contracted August 1, 2021 and Terminating December 31, 2021 [Member]
Average Daily Volume (Millions of British Thermal Unit) | Boe		20,000
Weighted Average Fixed Price (in USD per Per Share) | $ / item	3.75	3.75
The 2022 Natural Gas Swaps [Member]
Average Daily Volume (Millions of British Thermal Unit)	49,780
Total Volume (Millions of British Thermal Unit)	13,590,000
Weighted Average Fixed Price (in USD per Per Share) | $ / item	2.91	2.91
Fair value | $	$ (27,974)	$ (27,974)
Natural Gas Swap with Truist Bank, RBC Capital Markets and Citizens Commercial Banking Contracted January 1, 2022 and Terminating March 31, 2022 [Member]
Average Daily Volume (Millions of British Thermal Unit) | Boe		20,000
Weighted Average Fixed Price (in USD per Per Share) | $ / item	4.06	4.06
The 2021 Natural Gas Collar [Member]
Average Daily Volume (Millions of British Thermal Unit)	30,000
Total Volume (Millions of British Thermal Unit)	2,760,000
Fair value | $	$ (6,608)	$ (6,608)
The 2021 Natural Gas Collar [Member] | Minimum [Member]
Weighted Average Fixed Price (in USD per Per Share) | $ / item	2.50	2.50
The 2021 Natural Gas Collar [Member] | Maximum [Member]
Weighted Average Fixed Price (in USD per Per Share) | $ / item	3.50	3.50
Natural Gas Swap with Truist Bank, RBC Capital Markets and Citizens Commercial Banking Contracted April 1, 2022 and Terminating September 30, 2022 [Member]
Average Daily Volume (Millions of British Thermal Unit) | Boe		30,000
Weighted Average Fixed Price (in USD per Per Share) | $ / item	2.97	2.97
The 2022 Natural Gas Collars [Member]
Average Daily Volume (Millions of British Thermal Unit)	60,000
Total Volume (Millions of British Thermal Unit)	21,900,000
Fair value | $	$ (24,907)	$ (24,907)
The 2022 Natural Gas Collars [Member] | Minimum [Member]
Weighted Average Fixed Price (in USD per Per Share) | $ / item	2.68	2.68
The 2022 Natural Gas Collars [Member] | Maximum [Member]
Weighted Average Fixed Price (in USD per Per Share) | $ / item	3.40	3.40
The 2023 Natural Gas Collars [Member]
Average Daily Volume (Millions of British Thermal Unit)	30,000
Total Volume (Millions of British Thermal Unit)	2,700,000
Fair value | $	$ (2,199)	$ (2,199)
The 2023 Natural Gas Collars [Member] | Minimum [Member]
Weighted Average Fixed Price (in USD per Per Share) | $ / item	2.65	2.65
The 2023 Natural Gas Collars [Member] | Maximum [Member]
Weighted Average Fixed Price (in USD per Per Share) | $ / item	3.51	3.51
The 2021 Natural Gas Basis Swaps [Member]
Average Daily Volume (Millions of British Thermal Unit)	50,000
Total Volume (Millions of British Thermal Unit)	4,600,000
Weighted Average Fixed Price (in USD per Per Share) | $ / item	0.209	0.209
Fair value | $	$ 1,362	$ 1,362
The 2022 Natural Gas Basis Swaps [Member]
Average Daily Volume (Millions of British Thermal Unit) | Boe	50,000
Total Volume (Millions of British Thermal Unit) | Boe	18,250,000
Weighted Average Fixed Price (in USD per Per Share) | $ / item	0.209	0.209
Fair value | $	$ 427	$ 427
The 2023 Natural Gas Basis Swaps [Member]
Average Daily Volume (Millions of British Thermal Unit)	50,000
Total Volume (Millions of British Thermal Unit)	18,250,000
Weighted Average Fixed Price (in USD per Per Share) | $ / item	0.209	0.209
Fair value | $	$ (346)	$ (346)
The 2024 Natural Gas Basis Swaps [Member]
Average Daily Volume (Millions of British Thermal Unit)	50,000
Total Volume (Millions of British Thermal Unit)	18,300,000
Weighted Average Fixed Price (in USD per Per Share) | $ / item	0.209	0.209
Fair value | $	$ (577)	$ (577)

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, 2021	Dec. 31, 2020
Fair value of oil and natural gas derivatives - Current Assets	$ 1,637	$ 143
Fair value of oil and natural gas derivatives - Current Liabilities	(88,138)	(1,274)
Fair value of oil and natural gas derivatives - Non-current Liabilities	(7,098)	$ (3,871)
Not Designated as Hedging Instrument [Member]
Total	(93,599)
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]
Fair value of oil and natural gas derivatives - Current Assets	1,637
Fair value of oil and natural gas derivatives - Non-current Assets	0
Fair value of oil and natural gas derivatives - Current Liabilities	(88,138)
Fair value of oil and natural gas derivatives - Non-current Liabilities	(7,098)
Total	(93,599)
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	0
Fair value of oil and natural gas derivatives - Non-current Assets	0
Fair value of oil and natural gas derivatives - Current Liabilities	0
Fair value of oil and natural gas derivatives - Non-current Liabilities	0
Total	0
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	1,637
Fair value of oil and natural gas derivatives - Non-current Assets	0
Fair value of oil and natural gas derivatives - Current Liabilities	(88,138)
Fair value of oil and natural gas derivatives - Non-current Liabilities	(7,098)
Total	(93,599)
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	0
Fair value of oil and natural gas derivatives - Non-current Assets	0
Fair value of oil and natural gas derivatives - Current Liabilities	0
Fair value of oil and natural gas derivatives - Non-current Liabilities	0
Total	$ 0

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, 2021	Dec. 31, 2020
Derivative Asset, Gross Amount	$ (93,599)	$ (5,002)
Derivative Asset, Amount Offset	0	0
Derivative Asset, As Presented	(93,599)	(5,002)
Current Assets [Member]
Derivative Asset, Gross Amount	3,087	3,193
Derivative Asset, Amount Offset	(1,450)	(3,050)
Derivative Asset, As Presented	1,637	143
Non-current Assets [Member]
Derivative Asset, Gross Amount	1,648	537
Derivative Asset, Amount Offset	(1,648)	(537)
Derivative Asset, As Presented	0	0
Current Liabilities [Member]
Derivative Asset, Gross Amount	(89,588)	(4,324)
Derivative Asset, Amount Offset	1,450	3,050
Derivative Asset, As Presented	(88,138)	(1,274)
Non-current Liabilities [Member]
Derivative Asset, Gross Amount	(8,746)	(4,408)
Derivative Asset, Amount Offset	1,648	537
Derivative Asset, As Presented	$ (7,098)	$ (3,871)

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingencies (Details Textual) $ in Millions	Sep. 30, 2021USD ($)
Commitment, Number of Wells to Drill	8
Commitment, Failure to Drill Liquidation Damages, Per Well	$ 0.6
Commitment, Failure to Drill Liquidation Damages	$ 4.5

Note 10 - Leases (Details Textu

Note 10 - Leases (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	May 01, 2024
Operating Lease, Weighted Average Remaining Lease Term (Year)	5 years 7 months 6 days		5 years 7 months 6 days
Operating Lease, Weighted Average Discount Rate, Percent	8.80%		8.80%
Operating Lease, Early Termination Fee					$ 0.1
Operating Lease, Payments	$ 0.2	$ 0.4	$ 0.8	$ 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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Lease, Cost, Total		$ 213	$ 382	$ 322	$ 1,175
General and Administrative Expense [Member]
Building lease cost		201	385	236	1,155
Variable lease cost (1)	[1]	$ 12	$ (3)	$ 86	$ 20
[1]	Includes building operating expenses.

Note 10 - Leases - Assets and L

Note 10 - Leases - Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Lease asset, net	$ 3,021	$ 3,426
Total lease liabilities	2,907
Furniture, Fixtures and Equipment and Other Capital Assets [Member]
Lease asset, gross	5,871	5,871
Accumulated Depletion, Depreciation, and Amortization [Member]
Accumulated depreciation	2,850	2,445
Accounts Payable and Accrued Liabilities [Member]
Current lease liability	397	962
Other Noncurrent Liabilities [Member]
Non-current lease liability	2,510	2,810
Furniture, Fixtures and Equipment and Other Capital Assets Accrued Liabilities and Other Noncurrent Liabilities [Member]
Total lease liabilities	$ 2,907	$ 3,772

Note 10 - Leases - Lease Liabil

Note 10 - Leases - Lease Liability Maturities (Details) $ in Thousands	Sep. 30, 2021USD ($)
2021	$ 159
2022	637
2023	653
2024	661
2025	678
Thereafter	914
Total lease payments	3,702
Less imputed interest	795
Present value of lease liabilities	$ 2,907

Note 11 - Subsequent Events (De

Note 11 - Subsequent Events (Details Textual)	Nov. 04, 2021shares
Unsecured Claims Warrants [Member] | Subsequent Event [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	202,000