Related Party Transactions

12 Months Ended

Dec. 31, 2017

Related Party Transactions [Abstract]

Related Party Transactions

Note 12—Related Party Transactions

As of December 31, 2014, the Company had recorded an accrued liability of approximately $1.0 million related to an estimated final distribution of the assets of Eclipse Resources Operating, LLC (“Eclipse Operating”), which is the Company’s predecessor management company that the Company acquired as part of the reorganization completed at the time of the Company’s IPO. The actual distribution of approximately $0.6 million was distributed equally among the three former shareholders during 2015 and the remaining $0.4 million reflected as a reduction of initial gain recorded on the acquisition of Eclipse Operating, which is classified within “Other income” in the consolidated statements of operations.

During the years ended December 31, 2017, 2016, and 2015, the Company incurred approximately $0.6 million, $0.6 million and $0.3 million, respectively, related to flight charter services provided by BWH Air, LLC and BWH Air II, LLC, which are owned by the Company’s Chairman, President and Chief Executive Officer. The fees are paid in accordance with a standard service contract that does not obligate the Company to any minimum terms.