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Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events

13. Subsequent Events

Rig Contract

The Company entered into a rig contract with a third party with an effective date of July 21, 2017 whereby the third party provides a drilling rig for a daily rate of $18,500.  The contract terminates on January 16, 2018. The early termination rate is equal to the daily drilling rate less $7,000 (or $11,500) times the number of days remaining on the contract term. Using the $11,500 early termination rate, the minimum remaining commitment per the terms of the agreement is approximately $2.1 million.