Commitments and Contingencies

3 Months Ended

Mar. 31, 2018

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 12.  Commitments and Contingencies

In February 2018, the Company signed a rig under contract to drill four wells that commenced in April 2018 and provides for a drilling rate of $20 thousand per day.  The early termination fee equals the greater of demobilization costs or $200 thousand, plus $200 thousand for each undrilled well.

In March 2018, the Company signed a dedicated fleet contract that provides for hydraulic fracturing and wireline services at variable rates depending on the work performed.  The early termination fee equals $133 thousand for each of 15 scheduled wells that is not hydraulically fractured as of the date of termination.  The contract expires on December 31, 2018.