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Related Party Transactions
12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions
FASB ASC Topic 850, Related Party Disclosures, requires that information about transactions with related parties that would make a difference in decision making shall be disclosed so that users of the financial statements can evaluate their significance.
Flatonia Energy, LLC (“Flatonia”), which owns approximately 10.3% of the outstanding Class A Common Stock as of December 31, 2018, is a party to a joint operating agreement (the “Operating Agreement”) with the Company. The Operating Agreement covers certain jointly owned oil and natural gas properties located in the Eagle Ford Trend of south Texas. In connection with the Operating Agreement, the Company made payments to Flatonia of $12.4 million and $26.5 million, and received payments from Flatonia of $6.1 million and $5.4 million, respectively, for the years ended December 31, 2018 and 2017. At December 31, 2018 and 2017, amounts receivable due from Flatonia in connection with the Operating Agreement were $0.8 million and $1.3 million, respectively. Payables related to revenues outstanding and due to Flatonia as of December 31, 2018 and 2017 were $1.6 million and $2.1 million, respectively.        
Our majority shareholder consists of various investment funds managed by a venture capital firm who may manage other investments in entities with which we interact in the normal course of business.