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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2019
BRMR and Everest Merger Sub Inc. [Member]  
Schedule of Other Commitments Assumed in Relation to Certain Gas Gathering and Processing Agreements

As a result of the BRMR Merger, the Company assumed commitments related to certain gas gathering and processing agreements entered into by Triad Hunter, LLC (“Triad Hunter”), a wholly owned subsidiary of BRMR as shown below (in thousands):

 

 

 

Firm transportation(i)

 

 

Gas processing,

gathering, and

compression

services(ii)

 

 

Total

 

Year Ending December 31:

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

$

14,562

 

 

$

12,873

 

 

$

27,435

 

2020

 

 

19,416

 

 

 

17,133

 

 

$

36,549

 

2021

 

 

19,416

 

 

 

17,087

 

 

$

36,503

 

2022

 

 

19,416

 

 

 

17,087

 

 

$

36,503

 

2023

 

 

18,047

 

 

 

16,561

 

 

$

34,608

 

Thereafter

 

 

92,395

 

 

 

139,545

 

 

$

231,940

 

Total

 

$

183,252

 

 

$

220,286

 

 

$

403,538

 

 

 

(i)

Firm transportation -The Company has entered into firm transportation agreements with various pipelines in order to facilitate the delivery of production to market. These contracts commit the Company to transport minimum daily natural gas volumes at a negotiated rate, or pay for any deficiencies at a specified reservation fee rate. The amounts in this table represent the minimum daily volumes at the reservation fee rate. The values in the table represent the gross amounts that the Company is committed to pay and does not deduct amounts that other parties are responsible for as a result of cost sharing arrangements with working interest partners. The Company will record in its consolidated financial statements the Company’s proportionate share of costs based on its working interest.  

 

(ii)

Gas processing, gathering, and compression services -Contractual commitments for gas processing, gathering and compression service agreements represent minimum commitments under long-term gas processing agreements as well as various gas compression agreements. The values in the table represent the gross amounts that the Company is committed to pay and does not deduct amounts that other parties are responsible for as a result of cost sharing arrangements with working interest partners. The Company will record in its consolidated financial statements its proportionate share of costs based on the Company’s working interest.