Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

The “Property and Equipment” balances on the accompanying condensed consolidated balance sheets are summarized for presentation purposes. The following is a detailed breakout of our “Property and Equipment” balances (in thousands):



	March 31, 2019			December 31, 2018
Property and Equipment
Proved oil and gas properties	$	1,005,988		$	925,865
Unproved oil and gas properties	64,797			56,715
Furniture, fixtures and other equipment	3,668			3,520
Less – Accumulated depreciation, depletion, amortization & impairment	(306,609		)	(284,804		)
Property and Equipment, Net	$	767,844		$	701,296

Disaggregation of Revenue [Table Text Block]

The following table provides information regarding our oil and gas sales, by product, reported on the Statements of Operations for the three months ended March 31, 2019 and 2018 (in thousands):



	Three Months Ended March 31, 2019		Three Months Ended March 31, 2018
Oil, natural gas and NGLs sales:
Oil	$	14,607	$	11,439
Natural gas	51,304		35,753
NGLs	6,154		5,560
Total	$	72,064	$	52,752

Accounts Payable and Accrued Liabilities

The “Accounts payable and accrued liabilities” balances on the accompanying condensed consolidated balance sheets are summarized below (in thousands):



	March 31, 2019		December 31, 2018
Trade accounts payable	$	20,728	$	32,683
Accrued operating expenses	3,258		3,549
Accrued compensation costs	2,066		4,785
Asset retirement obligations – current portion	284		302
Accrued non-income based taxes	2,533		3,583
Accrued corporate and legal fees	335		534
Other payables	2,774		3,485
Total accounts payable and accrued liabilities	$	31,978	$	48,921