CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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Revenues: | ||||||
Total revenue | $ 0 | $ 0 | $ 0 | $ 0 | ||
Operating costs and expenses: | ||||||
Operating expenses | 0 | 0 | 0 | 0 | ||
Development expenses | 6,380 | 11,530 | 11,930 | 23,587 | ||
Depreciation, depletion and amortization | 1,088 | 720 | 2,175 | 1,416 | ||
General and administrative expenses | 17,382 | 28,225 | 29,176 | 56,784 | ||
Total operating costs and expenses | 24,850 | 40,475 | 43,281 | 81,787 | ||
Loss from operations | (24,850) | (40,475) | (43,281) | (81,787) | ||
Interest expense, net | (2,369) | (4,179) | (5,038) | (8,189) | ||
Loss on extinguishment of debt, net | (10,881) | 0 | (15,473) | (2,822) | ||
Other (expense) income, net | (341) | 378 | (4,555) | 12,604 | ||
Loss before income tax | (38,441) | (44,276) | (68,347) | (80,194) | ||
Income tax | 0 | 0 | 0 | 0 | ||
Loss from continuing operations | (38,441) | (44,276) | (68,347) | (80,194) | ||
Loss from discontinued operations, net (Note 4) | (101,346) | (15,343) | (115,455) | (6,918) | ||
Net loss | $ (139,787) | $ (59,619) | $ (183,802) | $ (87,112) | ||
Net loss per common share - Basic and Diluted | ||||||
Basic (in dollars per share) | [1] | $ (0.05) | $ (0.08) | $ (0.09) | $ (0.15) | |
Diluted (in dollars per share) | [1] | $ (0.12) | $ (0.03) | $ (0.15) | $ (0.01) | |
Weighted-average shares outstanding: | ||||||
Basic (in shares) | 827,834 | 540,365 | 791,019 | 539,039 | ||
Diluted (in shares) | 827,834 | 540,365 | 791,019 | 539,039 | ||
Natural gas sales | ||||||
Revenues: | ||||||
Total revenue | $ 0 | $ 0 | $ 0 | $ 0 | ||
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- Definition Depreciation, Depletion And Amortization Excluding Discontinued Operations No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Details
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