Related Party Transactions

3 Months Ended

Mar. 31, 2018

Related Party Transactions [Abstract]

Related Party Transactions

Note 12—Related Party Transactions

During the three months ended March 31, 2018, the Company incurred approximately $0.2 million 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 Company incurred approximately $0.1 million related to such services during the three months ended March 31, 2017.  The fees are paid in accordance with a standard service contract that does not obligate the Company to any minimum terms.

Travis Peak Resources, LLC, the seller from whom the Company acquired assets in the Flat Castle Acquisition, is an affiliate of EnCap.  EnCap has representatives on the Board, and affiliates of EnCap collectively beneficially own a majority of the outstanding shares of our common stock. (See Note 4—Acquisition).