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Dispositions
6 Months Ended
Jun. 30, 2018
Business Combinations [Abstract]  
Dispositions

(4) DISPOSITIONS

We recognized a pretax net gain on the sale of assets of $156,000 in second quarter 2018 compared to a pretax net gain of $807,000 in the same period of the prior year and a pretax net gain on the sale of assets of $179,000 in first six months 2018 compared to a pretax gain on the sale of assets of $23.4 million in first six months 2017.

2018 Dispositions

Other. In second quarter 2018, we sold miscellaneous inventory and other assets for proceeds of $326,000 resulting in a pretax gain of $156,000. In first quarter 2018, we sold miscellaneous inventory and other assets for proceeds of $40,000 resulting in a pretax gain of $23,000.

2017 Dispositions

Western Oklahoma. In first six months 2017, we sold properties in Western Oklahoma for proceeds of $26.0 million and we recorded a gain of $22.1 million related to this sale, after closing adjustments and transaction fees.

Other.  In second quarter 2017, we sold miscellaneous unproved property, inventory and other assets for proceeds of $1.2 million resulting in a pretax gain of $1.2 million. In first quarter 2017, we sold miscellaneous proved and unproved properties, inventory, other assets and surface acreage for proceeds of $53,000 resulting in a pretax gain of $69,000.