XML 66 R50.htm IDEA: XBRL DOCUMENT
v3.20.2

Description Of Business And Significant Accounting Policies (Q2) (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2020 | Dec. 31, 2019
Description Of Business And Significant Accounting Policies [Abstract] |  |
Disaggregation Of Revenue | The following table presents the disaggregated revenue by commodity for the three months and six months ended June 30, 2020 and 2019 (in thousands):
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Crude oil |  | $ | 558 |  |  | $ | 1,384 |  |  | $ | 1,517 |  |  | $ | 2,549 |
Saltwater disposal fees |  |  | 5 |  |  |  | 6 |  |  |  | 9 |  |  |  | 13 |
Total |  | $ | 563 |  |  | $ | 1,390 |  |  | $ | 1,526 |  |  | $ | 2,562 |
| The following table presents the disaggregated revenue by commodity for the years ended December 31, 2019 and 2018 (in thousands):
|  | Year ended December 31, |
|  | 2019 |  |  | 2018 |
Crude oil |  | $ | 4,884 |  |  |  | 5,840 |
Saltwater disposal fees |  |  | 27 |  |  |  | 31 |
Total |  | $ | 4,911 |  |  | $ | 5,871 |
Inventory | At June 30, 2020 and December 31, 2019, inventory consisted of the following :
|  | June 30, 2020 |  |  | December 31, 2019 |
Oil – carried at lower of cost or market |  | $ | 293 |  |  | $ | 415 |
Total inventory |  | $ | 293 |  |  | $ | 415 |
| At December 31, 2019 and December 31, 2018, inventory consisted of the following (in thousands):
|  | December 31, |
|  | 2019 |  |  | 2018 |
Oil – carried at cost |  | $ | 415 |  |  | $ | 359 |
Equipment and materials – carried at market |  |  | — |  |  |  | 105 |
Total inventory |  | $ | 415 |  |  | $ | 464 |
Accounts Receivable | The following table sets forth information concerning the Company’s accounts receivable (in thousands):
|  | June 30, 2020 |  |  | December 31, 2019 |
Revenue |  | $ | 267 |  |  | $ | 415 |
Tax |  |  | 130 |  |  |  | 65 |
Joint interest |  |  | 25 |  |  |  | 77 |
Accounts receivable - current |  | $ | 422 |  |  | $ | 557 |
Tax - noncurrent |  | $ | — |  |  | $ | 65 |
| At December 31, 2019 and 2018, accounts receivable consisted of the following (in thousands):
|  | December 31, |
|  | 2019 |  |  | 2018 |
Revenue |  | $ | 415 |  |  | $ | 396 |
Tax |  |  | 65 |  |  |  | 129 |
Joint interest |  |  | 77 |  |  |  | 8 |
Accounts receivable - current |  | $ | 557 |  |  | $ | 533 |
Tax - noncurrent |  | $ | 65 |  |  | $ | 130 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration