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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Schedule of Subsequent Events [Table Text Block]
Subsequent Events. We have evaluated subsequent events requiring potential accrual or disclosure in our condensed consolidated financial statements.

Through July 31, 2020, the Company entered into additional derivative contracts. The following tables summarize the weighted-average prices as well as future production volumes for our future derivative contracts entered into after June 30, 2020:

Oil Derivative Collars
(New York Mercantile Exchange (“NYMEX”) West Texas Intermediate (“WTI”) Settlements)		Total Volumes
(Bbls)		Weighted-Average Collar Floor PriceWeighted-Average Collar Call Price
Collar Contracts
2022 Contracts
2Q2286,450  $39.00  $46.50  

There were no other material subsequent events requiring additional disclosure in these condensed consolidated financial statements.
Property and Equipment
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):
June 30, 2020December 31, 2019
Property and Equipment  
Proved oil and gas properties$1,268,374  $1,201,296  
Unproved oil and gas properties30,043  41,201  
Furniture, fixtures and other equipment5,134  5,220  
Less – Accumulated depreciation, depletion, amortization & impairment(773,836) (380,728) 
Property and Equipment, Net$529,715  $866,989  
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 June 30, 2020 and 2019 and the six months ended June 30, 2020 and 2019 (in thousands):
Three Months Ended June 30, 2020Three Months Ended June 30, 2019Six Months Ended June 30, 2020Six Months Ended June 30, 2019
Oil, natural gas and NGLs sales:
Oil$5,265  $24,940  $23,315  $39,547  
Natural gas18,103  43,597  49,574  94,902  
NGLs1,478  6,166  5,333  12,319  
Total$24,846  $74,703  $78,222  $146,768  
Accounts Payable and Accrued Liabilities The “Accounts payable and accrued liabilities” balances on the accompanying condensed consolidated balance sheets are summarized below (in thousands):
 June 30, 2020December 31, 2019
Trade accounts payable$5,466  $26,121  
Accrued operating expenses2,587  3,873  
Accrued compensation costs2,784  4,601  
Asset retirement obligations – current portion382  392  
Accrued non-income based taxes3,102  1,413  
Accrued corporate and legal fees158  109  
Other payables1,321  2,834  
Total accounts payable and accrued liabilities$15,800  $39,343