Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 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):



	September 30, 2019			December 31, 2018
Property and Equipment
Proved oil and gas properties	$	1,146,106		$	925,865
Unproved oil and gas properties	43,066			56,715
Furniture, fixtures and other equipment	4,499			3,520
Less – Accumulated depreciation, depletion, amortization & impairment	(355,574		)	(284,804		)
Property and Equipment, Net	$	838,097		$	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 September 30, 2019 and 2018 and the nine months ended September 30, 2019 and 2018 (in thousands):



	Three Months Ended September 30, 2019			Three Months Ended September 30, 2018		Nine Months Ended September 30, 2019		Nine Months Ended September 30, 2018
Oil, natural gas and NGLs sales:
Oil	$	28,894		$	11,124	$	68,441	$	32,202
Natural gas	37,051			43,697		131,925		115,833
NGLs	6,080			10,213		18,400		21,113
Other	(11		)	—		16		(14		)
Total	$	72,014		$	65,034	$	218,781	$	169,134

Accounts Payable and Accrued Liabilities

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



	September 30, 2019		December 31, 2018
Trade accounts payable	$	22,950	$	32,683
Accrued operating expenses	3,664		3,549
Accrued compensation costs	4,079		4,785
Asset retirement obligations – current portion	307		302
Accrued non-income based taxes	4,502		3,583
Accrued corporate and legal fees	314		534
Other payables	3,135		3,485
Total accounts payable and accrued liabilities	$	38,951	$	48,921