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Sale of Oil and Natural Gas Property Interests
9 Months Ended
Sep. 30, 2019
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 nine months ended September 30, 2018, the Company received approximately $6.0 million from a completed asset sale of approximately 1,000 acres to a third party.  As a result of this sale, the Company recognized a gain of approximately $1.5 million.

During the nine months ended September 30, 2018, the Company received approximately $3.8 million from a completed asset sale of approximately 400 acres 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 nine months ended September 30, 2018, the Company received approximately $0.3 million from an additional completed asset sale of approximately 50 acres to a third party. As a result of this sale, the Company recognized a gain of approximately $0.3 million.

During the nine months ended September 30, 2019, the Company received $1.8 million from acreage trades from various working interest owners which resulted in a gain of approximately $0.7 million.