Sale of Oil and Natural Gas Property Interests

3 Months Ended

Mar. 31, 2018

Discontinued Operations And Disposal Groups [Abstract]

Sale of Oil and Natural Gas Property Interests

Note 5—Sale of Oil and Natural Gas Property Interests

During the three months ended March 31, 2018, the Company received approximately $3.8 million from a completed asset sale to a third party totaling approximately 400 acres.  No gain or loss was recognized for this transaction, which was recorded as a reduction of oil and natural gas properties.

During the three months ended March 31, 2018, the Company received approximately $0.3 million from an additional completed asset sale to a third party totaling approximately 50 acres.  As a result of this sale, the Company recognized a gain of approximately $0.3 million.