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Discontinued Operations and Assets Held For Sale
 9 Months Ended
Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations and Assets Held For Sale Discontinued Operations and Assets Held For Sale
Kansas Reporting Unit
On March 10, 2021, the Company entered into a PSA to divest of the Kansas Reporting Unit for an agreed upon purchase price of $3.5 million before certain closing adjustments. In addition, the Company also agreed to assign to the buyer its lease associated with Tengasco's former corporate office in Greenwood Village, Colorado. With Tengasco qualifying as a business and the Kansas Reporting Unit making up a significant portion of the assets of Tengasco, the Company concluded that the transaction met the requirements of assets held for sale and discontinued operations upon the acquisition date. The sale closed on April 2, 2021 for an adjusted purchase price of $3.3 million, after customary closing adjustments.
The following table presents the components of the loss on discontinued operations reported in the condensed consolidated statements of operations for the periods ended September 30, 2021:
Three Months EndedNine Months Ended
September 30, 2021September 30, 2021
(In thousands)
Oil and natural gas sales$— $— 
Total revenues— — 
Lease operating expenses— 115 
Goodwill impairment— 18,516 
Total expenses— 18,631 
Other income (expenses)775 (107)
Gain (loss) from discontinued operations before income taxes775 (18,738)
Income tax benefit (expense)1 (59)
Gain (loss) from discontinued operations, net of tax$776 $(18,797)
The Company did not have any discontinued operations during the three and nine months ended September 30, 2022.