Significant Customers

3 Months Ended

Mar. 31, 2020

SIGNIFICANT CUSTOMERS

For the three months ended March 31, 2020 and 2019, the following customers accounted for more than 10% of the Company’s revenue:


	Three Months Ended March 31,
	2020	2019
Shell Trading (US) Company	40%	54%
Lion Oil Trading and Transportation	31%	28%
Trafigura Trading LLC	17%	1%
Targa Pipeline Mid-Continent, LLC	5%	11%

If a significant customer were to stop purchasing oil and natural gas from the Company for any reason, including due to a lack of available storage or transportation capacity as a result of the ongoing effects of COVID-19 and the global oil and natural gas supply and demand imbalance, the Company’s revenue could decline and the Company’s operating results and financial condition could be harmed. There is no assurance that the Company would be successful in procuring substitute or additional customers to offset the loss of one or more of the Company’s current significant customers.