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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

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- References

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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

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-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

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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
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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.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
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