ACQUISITIONS, DIVESTITURES AND OTHER	9 Months Ended
Sep. 30, 2017
ACQUISITIONS, DIVESTITURES AND OTHER
ACQUISITIONS, DIVESTITURES AND OTHER	NOTE 6 ACQUISITIONS, DIVESTITURES AND OTHER In February 2017, we divested non-core assets resulting in $32 million of proceeds and a $21 million gain. In February 2017, we entered into a joint venture with Benefit Street Partners (BSP) where BSP will contribute up to $250 million, subject to agreement of the parties, in exchange for a preferred interest in the JV (BSP JV). The funds contributed by BSP are designated to be used to develop certain of our oil and gas properties. We contributed a net profits interest in existing and future cash flow from such properties in exchange for a common interest in the JV. BSP is entitled to preferential distributions and, if BSP receives cash distributions equal to a predetermined threshold, the preferred interest is automatically redeemed in full with no additional payment. BSP funded two $50 million commitments in March and July 2017. As of September 30, 2017, the noncontrolling interest in our BSP JV is comprised of contributions from BSP of $98 million (net of $2 million in issuance discounts), distributions to BSP of $6 million and BSP’s share of net income of $1 million. In April 2017, we entered into a joint venture with Macquarie Infrastructure and Real Assets Inc. (MIRA) under which MIRA will invest up to $300 million, subject to agreement of the parties, to develop certain of our oil and gas properties in exchange for a 90% working interest in the related properties (MIRA JV). MIRA will fund 100% of the development cost of such properties. Our 10% working interest reverts to 75% if MIRA receives cash distributions equal to a predetermined threshold return. MIRA initially committed $160 million, which is intended to be invested over two years. Of the committed amount, MIRA contributed $38 million for drilling projects through September 30, 2017, with additional funding expected during the course of the year and in 2018. Our consolidated results reflect the full operations of our BSP JV, with BSP’s share of net income being reported as a noncontrolling interest. Our consolidated results reflect only our working interest share in our MIRA JV.

NOTE 6 ACQUISITIONS, DIVESTITURES AND OTHER

In February 2017, we divested non-core assets resulting in $32 million of proceeds and a $21 million gain.

In February 2017, we entered into a joint venture with Benefit Street Partners (BSP) where BSP will contribute up to $250 million, subject to agreement of the parties, in exchange for a preferred interest in the JV (BSP JV). The funds contributed by BSP are designated to be used to develop certain of our oil and gas properties. We contributed a net profits interest in existing and future cash flow from such properties in exchange for a common interest in the JV. BSP is entitled to preferential distributions and, if BSP receives cash distributions equal to a predetermined threshold, the preferred interest is automatically redeemed in full with no additional payment. BSP funded two $50 million commitments in March and July 2017. As of September 30, 2017, the noncontrolling interest in our BSP JV is comprised of contributions from BSP of $98 million (net of $2 million in issuance discounts), distributions to BSP of $6 million and BSP’s share of net income of $1 million.

In April 2017, we entered into a joint venture with Macquarie Infrastructure and Real Assets Inc. (MIRA) under which MIRA will invest up to $300 million, subject to agreement of the parties, to develop certain of our oil and gas properties in exchange for a 90% working interest in the related properties (MIRA JV). MIRA will fund 100% of the development cost of such properties. Our 10% working interest reverts to 75% if MIRA receives cash distributions equal to a predetermined threshold return. MIRA initially committed $160 million, which is intended to be invested over two years. Of the committed amount, MIRA contributed $38 million for drilling projects through September 30, 2017, with additional funding expected during the course of the year and in 2018.

Our consolidated results reflect the full operations of our BSP JV, with BSP’s share of net income being reported as a noncontrolling interest. Our consolidated results reflect only our working interest share in our MIRA JV.