RELATED‑PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2017

Related Party Transactions [Abstract]

RELATED‑PARTY TRANSACTIONS

RELATED‑PARTY TRANSACTIONS

The Company leases its corporate offices from a related party pursuant to a five‑year lease agreement with a five‑year extension option requiring a base rent of $0.1 million per year. The Company also leases five properties adjacent to the corporate office from related parties with annual base rents of $0.03 million, $0.03 million, $0.1 million, $0.1 million, and $0.2 million.

For the years ended December 31, 2017, 2016 and 2015, the Company paid approximately $0.3 million, $0.2 million and $0.2 million, respectively, for the use of transportation services from a related party.

The Company also rents equipment in Elk City, Oklahoma from a related party. For the years ended December 31, 2017, 2016 and 2015, the Company paid $0.2 million, $0.2 million and $0.2 million, respectively.

At December 31, 2017, 2016 and 2015, the Company had $0.02 million, $0 and $0 in payables, respectively, and approximately $0, $0.04 million and $0.02 million in receivables, respectively, for related parties for services provided.

All agreements pertaining to realty property and equipment were entered into during periods where the Company had limited liquidity and related parties secured them on behalf of the Company. All related party receivables and payables are immaterial and have not been separately shown on the face of the financial statements.

For related party disclosure related to equity transactions with Energy Capital Partners, see Note 18.