Sale of Oil and Natural Gas Property Interests

6 Months Ended

Jun. 30, 2016

Discontinued Operations And Disposal Groups [Abstract]

Sale of Oil and Natural Gas Property Interests

Note 4—Sale of Oil and Natural Gas Property Interests

During the three and six months ended June 30, 2016  , the Company completed the sale of its Conventional oil and gas properties and related equipment for approximately $4.7 million. As a result of this sale, the Company recognized a gain of approximately $1.0 million  .

During the three and six months ended June 30, 2016 , the Company received $3.9 million from the sale of mineral interests related primarily to unproved properties to a third party.  No gain or loss was recognized for this transaction, which was recorded as a reduction of oil and natural gas properties.

During the six months ended June 30, 2016, the Company received $4.8 million from the sale of unproved leases to a third party. No gain or loss was recognized for this transaction, which was recorded as a reduction of oil and natural gas properties.