0001193125-18-329283.txt : 20181119 0001193125-18-329283.hdr.sgml : 20181119 20181116215601 ACCESSION NUMBER: 0001193125-18-329283 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 55 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20181119 DATE AS OF CHANGE: 20181116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRIMEENERGY CORP CENTRAL INDEX KEY: 0000056868 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 840637348 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-07406 FILM NUMBER: 181191136 BUSINESS ADDRESS: STREET 1: 9821 KATY FREEWAY STREET 2: SUITE 1050 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: 2033585700 MAIL ADDRESS: STREET 1: 9821 KATY FREEWAY STREET 2: SUITE 1050 CITY: HOUSTON STATE: TX ZIP: 77024 FORMER COMPANY: FORMER CONFORMED NAME: KRM PETROLEUM CORP DATE OF NAME CHANGE: 19900614 10-Q 1 d644885d10q.htm FORM 10-Q Form 10-Q
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 10-Q

 

 

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended September 30, 2018

Or

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period From                      to                     

Commission File Number 0-7406

 

 

PrimeEnergy Corporation

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   84-0637348

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

Identification No.)

9821 Katy Freeway, Houston, Texas 77024

(Address of principal executive offices)

(713) 735-0000

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

 

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filings required for the past 90 days.    Yes   ☒    No   ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes   ☒    No   ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large Accelerated Filer      Accelerated Filer  
Non-Accelerated Filer      Smaller Reporting Company  
     Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ☐    No  ☒

The number of shares outstanding of each class of the Registrant’s Common Stock as November 13, 2018 was: Common Stock, $0.10 par value 2,049,478 shares.

 

 

 


Table of Contents

PrimeEnergy Corporation

Index to Form 10-Q

September 30, 2018

 

     Page  

Part I—Financial Information

  

Item 1. Financial Statements

  

Condensed Consolidated Balance Sheets – September  30, 2018 and December 31, 2017

     3  

Condensed Consolidated Statements of Operations – For the nine months ended September 30, 2018 and 2017

     4  

Condensed Consolidated Statement of Equity – For the nine months ended September 30, 2018 and 2017

     5  

Condensed Consolidated Statements of Cash Flows – For the nine months ended September 30, 2018 and 2017

     6  

Notes to Condensed Consolidated Financial Statements – September  30, 2018

     7-15  

Item  2. Management’s Discussion and Analysis of Financial Conditions and Results of Operation

     15-21  

Item 3. Quantitative and Qualitative Disclosures About Market Risk

     21  

Item 4. Controls and Procedures

     21  

Part II - Other Information

  

Item 1. Legal Proceedings

     21  

Item 1A. Risk Factors

     21  

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

     22  

Item 3. Defaults Upon Senior Securities

     22  

Item 4. Reserved

     22  

Item 5. Other Information

     22  

Item 6. Exhibits

     23-24  

Signatures

     25  

 

2


Table of Contents

PART I—FINANCIAL INFORMATION

 

Item 1.

FINANCIAL STATEMENTS

PRIMEENERGY CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETSUnaudited

(Thousands of dollars)

 

     September 30,
2018
    December 31,
2017
 

ASSETS

    

Current Assets

    

Cash and cash equivalents

   $ 7,669     $ 8,438  

Accounts receivable, net

     14,799       16,961  

Other current assets

     856       1,232  
  

 

 

   

 

 

 

Total Current Assets

     23,324       26,631  

Property and Equipment, at cost

    

Oil and gas properties (successful efforts method), net

     218,134       213,001  

Field and office equipment, net

     6,596       6,974  
  

 

 

   

 

 

 

Total Property and Equipment, Net

     224,730       219,975  
  

 

 

   

 

 

 

Other Assets

     149       159  
  

 

 

   

 

 

 

Total Assets

   $ 248,203     $ 246,765  
  

 

 

   

 

 

 

LIABILITIES AND EQUITY

    

Current Liabilities

    

Accounts payable

   $ 10,615     $ 24,615  

Accrued liabilities

     15,264       16,294  

Current portion of long-term debt

     948       2,378  

Current portion of asset retirement

     2,665       2,309  

Derivative liability short-term

     8,028       1,509  

Due to Related Parties

     30       65  
  

 

 

   

 

 

 

Total Current Liabilities

     37,550       47,170  

Long-Term Bank Debt

     56,577       48,459  

Asset Retirement Obligations

     19,828       21,269  

Derivative Liability Long-Term

     3,226       1,913  

Deferred Income Taxes

     27,325       24,962  

Other Long-Term Obligations

     555       553  
  

 

 

   

 

 

 

Total Liabilities

     145,061       144,326  

Commitments and Contingencies

    

Equity

    

Common stock, $.10 par value; 2018 and 2017: Authorized: 4,000,000 shares, issued: 3,836,397 shares; outstanding 2018: 2,061,805 shares; 2017: 2,169,370 shares

     383       383  

Paid-in capital

     8,772       8,729  

Retained earnings

     145,435       138,320  

Treasury stock, at cost; 2018: 1,774,592 shares; 2017: 1,667,027 shares

     (58,423     (52,123
  

 

 

   

 

 

 

Total Stockholders’ Equity – PrimeEnergy

     96,167       95,309  

Non-controlling interest

     6,975       7,130  
  

 

 

   

 

 

 

Total Equity

     103,142       102,439  
  

 

 

   

 

 

 

Total Liabilities and Equity

   $  248,203     $  246,765  
  

 

 

   

 

 

 

 

3


Table of Contents

PRIMEENERGY CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS – Unaudited

Three and nine months ended September 30, 2018 and 2017

(Thousands of dollars, except per share amounts)

 

     Three Months Ended
September 30,
    Nine months Ended
September 30,
 
     2018     2017     2018     2017  

Revenues

        

Oil sales

   $  20,960     $ 8,568     $  57,683     $ 27,479  

Natural gas sales

     2,174       2,502       6,526       7,665  

Natural gas liquids sales

     3,890       1,534       9,588       3,901  

Realized (loss) gain on derivative instruments, net

     (1,349     156       (2,925     (49

Field service income

     4,470       4,109       13,132       12,176  

Administrative overhead fees

     1,414       1,530       4,344       4,758  

Unrealized (loss) gain on derivative instruments, net

     (2,194     (1,262     (8,151     3,092  

Other income

     37       47       59       169  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total Revenues

     29,402       17,184       80,256       59,191  

Costs and Expenses

        

Lease operating expense

     9,533       6,762       26,867       21,058  

Field service expense

     3,728       3,126       10,157       9,152  

Depreciation, depletion, amortization and accretion on discounted
liabilities

     7,883       7,812       23,715       23,821  

General and administrative expense

     2,250       2,523       10,761       6,878  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total Costs and Expenses

     23,394       20,223       71,500       60,909  

Gain on Sale and Exchange of Assets

     511       359       3,168       42,078  
  

 

 

   

 

 

   

 

 

   

 

 

 

Income (Loss) from Operations

     6,519       (2,680     11,924       40,360  

Other Income (Expense)

        

Interest Income

     12       —         34       —    

Interest (Expense)

     (834     (594     (2,613     (1,659
  

 

 

   

 

 

   

 

 

   

 

 

 

Income (Loss) Before Income Taxes

     5,697       (3,274     9,345       3,870  

Income Taxes (Benefit) Expense

     1,424       (1,384     2,332       12,407  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net (Loss) Income

     4,273       (1,890     7,013       26,294  

Less: Net Income (Loss) Attributable to Non-Controlling Interests

     (80     122       (102     5,646  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net (Loss) Income Attributable to PrimeEnergy

   $ 4,353     $  (2,012)     $ 7,115     $  20,648  
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic (Loss) Income Per Common Share

   $ 2.10     $ (0.92)     $ 3.38     $ 9.29  
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted (Loss) Income Per Common Share

   $ 1.54     $ (0.92)     $ 2.49     $ 6.94  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

4


Table of Contents

PRIMEENERGY CORPORATION

CONDENSED CONSOLIDATED STATEMENT OF EQUITYUnaudited

Nine months ended September 30, 2018 and 2017

(Thousands of dollars)

 

    Common Stock    

Additional

Paid in

    Retained     Treasury    

Total

Stockholders’

Equity –

    Non-Controlling     Total  
    Shares     Amount     Capital     Earnings     Stock     PrimeEnergy     Interest     Equity  

Balance at December 31, 2016

    3,836,397     $ 383     $ 8,313     $ 96,322     $ (46,473)     $  58,545     $ 7,335     $ 65,880  

Repurchase 101,207 shares of common stock

    —         —         —         —         (5,000)       (5,000     —         (5,000

Net income

    —         —         —         20,648       —         20,648       5,646       26,294  

Repurchase of Non-controlling interests

    —         —         127       —         —         127       (187     (60

Distribution of Non-controlling interests

    —         —         —         —         —         —         (4,410     (4,410
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at September 30, 2017

    3,836,397     $  383     $  8,840     $  116,970     $  (51,473)     $ 74,320     $ 8,344     $ 82,704  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2017

    3,836,397     $ 383     $ 8,729     $ 138,320     $  (52,123)   $ 95,309     $ 7,130     $  102,439  

Repurchase 107,565 shares of common stock

    —         —         —         —         (6,300)       (6,300     —         (6,300

Net income (loss)

    —         —         —         7,115       —         7,115       (102     7,013  

Purchase of Non- controlling Interest

    —         —         43       —         —         43       (53     (10
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at September 30, 2018

    3,836,397     $ 383     $ 8,772     $ 145,435     $ (58,423)     $ 96,167     $ 6,975     $ 103,142  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

5


Table of Contents

PRIMEENERGY CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSUnaudited

Nine months ended September 30, 2018 and 2017

(Thousands of dollars)

 

     2018     2017  

Cash Flows from Operating Activities:

    

Net Income including non-controlling interest

   $ 7,013     $ 26,294  

Adjustments to reconcile net income to net cash provided by operating activities:

    

Depreciation, depletion, amortization and accretion on discounted liabilities

     23,715       23,821  

Gain on sale of properties

     (3,168     (42,078

Unrealized loss (gain) on derivative instruments, net

     8,151       (3,092

Provision for deferred income taxes

     2.363       10,425  

Changes in operating assets and liabilities:

    

Accounts receivable

     2,162       (2,922

Due to related parties

     (35     31  

Other assets

     376       (1,164

Accounts payable

     (14,000     1,337  

Accrued liabilities

     (1,030     8,771  
  

 

 

   

 

 

 

Net Cash Provided by Operating Activities

     25,547       21,423  
  

 

 

   

 

 

 

Cash Flows from Investing Activities:

    

Capital expenditures

     (29,317     (40,057

Proceeds from sale of properties and equipment

     2,623       46,977  
  

 

 

   

 

 

 

Net Cash (Used in) Provided by Investing Activities

     (26,694     6,920  
  

 

 

   

 

 

 

Cash Flows from Financing Activities:

    

Purchase of stock for treasury

     (6,300     (5,000

Purchase of non-controlling interests

     (10     (60

Proceeds from long-term bank debt and other long-term obligations

     42,800       52,000  

Repayment of long-term bank debt and other long-term obligations

     (36,112     (67,521

Distributions to non-controlling interests

     —         (4,410
  

 

 

   

 

 

 

Net Cash Provided by (Used in) Financing Activities

     378       (24,991
  

 

 

   

 

 

 

Net (Decrease) Increase in Cash and Cash Equivalents

     (769     3,352  

Cash and Cash Equivalents at the Beginning of the Period

     8,438       6,568  
  

 

 

   

 

 

 

Cash and Cash Equivalents at the End of the Period

   $ 7,669     $ 9,920  
  

 

 

   

 

 

 

Supplemental Disclosures:

    

Income taxes paid

   $ 4,340     $ 2,588  

Interest paid

   $ 2,761     $ 1,762  

The accompanying Notes are an integral part of these Condensed Consolidated Financial Statements

 

6


Table of Contents

PRIMEENERGY CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018

(Unaudited)

(1) Basis of Presentation:

The accompanying condensed consolidated financial statements of PrimeEnergy Corporation (“PrimeEnergy” or the “Company”) have not been audited by independent public accountants. Pursuant to applicable Securities and Exchange Commission (“SEC”) rules and regulations, the accompanying interim financial statements do not include all disclosures presented in annual financial statements and the reader should refer to the Company’s Form 10-K for the year ended December 31, 2017. In the opinion of management, the accompanying interim condensed consolidated financial statements contain all material adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the Company’s condensed consolidated balance sheets as of September 30, 2018 and December 31, 2017, the condensed consolidated results of operations, cash flows and equity for the nine months ended September 30, 2018 and 2017.

As of September 30, 2018, PrimeEnergy’s significant accounting policies are consistent with those discussed in Note 1—Description of Operations and Significant Accounting Policies of its consolidated financial statements contained in PrimeEnergy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017, with the exception of Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606)” discussed below. Certain amounts presented in prior period financial statements have been reclassified for consistency with current period presentation. The results for interim periods are not necessarily indicative of annual results. For purposes of disclosure in the condensed consolidated financial statements, subsequent events have been evaluated through the date the statements were issued.

Recently Adopted Accounting Pronouncements

On January 1, 2018, PrimeEnergy adopted ASU 2014-09, “Revenue from Contracts with Customers (ASC 606),” using the modified retrospective method. The Company elected to evaluate all contracts at the date of initial application. While there was no impact to the opening balance of retained earnings as a result of the adoption, certain items previously netted in revenue are now recognized as lease operating expense in the Company’s statement of consolidated operations. The amounts are immaterial to the financial statements, and prior comparative periods have not been restated and continue to be reported under the accounting standards in effect for those periods. Adoption of the new standard is not anticipated to have a material impact on the Company’s net earnings on an ongoing basis.

The Company applies the provisions of ASC 606 for revenue recognition to contracts with customers. Sales of crude oil, natural gas, and natural gas liquids (NGLs) are included in revenue when production is sold to a customer in fulfillment of performance obligations under the terms of agreed contracts. Performance obligations primarily comprise delivery of oil, gas, or NGLs at a delivery point, as negotiated within each contract. Each barrel of oil, million Btu (MMBtu) of natural gas, or other unit of measure is separately identifiable and represents a distinct performance obligation to which the transaction price is allocated. Performance obligations are satisfied at a point in time once control of the product has been transferred to the customer. The Company considers a variety of facts and circumstances in assessing the point of control transfer, including but not limited to: whether the purchaser can direct the use of the hydrocarbons, the transfer of significant risks and rewards, the Company’s right to payment, and transfer of legal title. In each case, the term between delivery and when payments are due is not significant.

PrimeEnergy records trade accounts receivable for its unconditional rights to consideration arising under sales contracts with customers. The carrying value of such receivables, net of the allowance for doubtful accounts, represents estimated net realizable value. The Company routinely assesses the collectability of all material trade and other receivables. The Company accrues a reserve on a receivable when, based on the judgment of management, it is probable that a receivable will not be collected and the amount of any reserve may be reasonably estimated. PrimeEnergy has concluded that the disaggregation of revenue by product appropriately depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.

Practical Expedients and Exemptions

PrimeEnergy does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or contracts for which variable consideration is allocated entirely to a wholly unsatisfied performance obligation.

PrimeEnergy will utilize the practical expedient to expense incremental costs of obtaining a contract if the expected amortization period is one year or less. Costs to obtain a contract with expected amortization periods of greater than one year will be recorded as an asset and will be recognized in accordance with ASC 340, “Other Assets and Deferred Costs.” Currently, the Company does not have contract assets related to incremental costs to obtain a contract.

 

7


Table of Contents

New Pronouncements Issued But Not Yet Adopted

In February 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-02, “Leases (Topic 842),” requiring lessees to recognize lease assets and lease liabilities for most leases classified as operating leases under previous GAAP. The guidance is effective for fiscal years beginning after December 15, 2018. Early adoption is permitted; however, the Company does not intend to early adopt. In January 2018, the FASB issued ASU 2018-01, which permits an entity an optional election to not evaluate under ASU 2016-02 those existing or expired land easements that were not previously accounted for as leases prior to the adoption of ASU 2016-02. In July 2018, the FASB issued ASU 2018-11, which adds a transition option permitting entities to apply the provisions of the new standard at its adoption date instead of the earliest comparative period presented in the consolidated financial statements. Under this transition option, comparative reporting would not be required, and the provisions of the standard would be applied prospectively to leases in effect at the date of adoption. The Company intends to elect both transitional practical expedients.

In the normal course of business, the Company enters into various lease agreements for office space and equipment related to its exploration and development activities that are currently accounted for as operating leases. At this time, the Company cannot reasonably estimate the financial impact this will have on its consolidated financial statements; however, the Company believes adoption and implementation of this ASU will not significantly impact its balance sheet.

In June 2018, the FASB issued ASU 2018-07, “Improvements to Nonemployee Share-Based Payment Accounting,” to simplify the accounting for share-based transactions by expanding the scope of Topic 718 from only being applicable to share-based payments to employees to also include share-based payment transactions for acquiring goods and services from nonemployees. As a result, the same guidance that provides for employee share-based payments, including most of the requirements related to classification and measurement, applies to nonemployee share-based payment arrangements. ASU 2018-07 is effective for financial statements issued for annual periods beginning after December 15, 2018 and interim periods within those annual periods. Early adoption is permitted. The Company anticipates adopting this guidance for the first quarter of 2019 and does not expect it to have a material impact on its consolidated financial statements.

In August 2018, the FASB issued ASU 2018-13, “Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement,” which changes the disclosure requirements for fair value measurements by removing, adding, and modifying certain disclosures. ASU 2018-13 is effective for financial statements issued for annual periods beginning after December 15, 2019, and interim periods within those annual periods. Early adoption is permitted. The company is currently evaluating the impact of adoption of this ASU on its related disclosures and does not expect it to have a material impact on its financial statements.

In August 2018, the FASB issued ASU 2018-15, “Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.” This pronouncement clarifies the requirements for capitalizing implementation costs in cloud computing arrangements and aligns them with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted, including adoption in any interim period for which financial statements have not been issued. The Company is currently evaluating the impact of adoption of this ASU on its consolidated financial statements and does not expect it to have a material impact.

(2) Acquisitions and Dispositions:

Historically the Company has repurchased the interests of the partners and trust unit holders in the oil and gas limited partnerships (the “Partnerships”) and the asset and business income trusts (the “Trusts”) managed by the Company as general partner and as managing trustee, respectively. The Company purchased such interests in amounts totaling $10,000 and $60,000 for the nine months ended September 30, 2018 and 2017, respectively.

During the nine months ended September 30, 2018, The Company sold or farmed out interests in certain non-core undeveloped and developed oil and natural gas properties through a number of individually negotiated transactions in exchange for cash and a royalty or working interest in Oklahoma, Kansas, Colorado, Texas and Wyoming. Proceeds under these agreements were $3.0 million. During this same time period the Company acquired approximately 464 net mineral acres and working interest in 53 oil and gas wells ranging from 16.6% to 33.4%, plus one commercial salt water disposal well, for a total of $6,080,000. This acreage and group of wells are all operated by the Company and located in Reagan County, Texas, where future horizontal drilling will likely occur.

 

8


Table of Contents

3) Additional Balance Sheet Information:

Certain balance sheet amounts are comprised of the following:

 

(Thousands of dollars)    September 30,
2018
     December 31,
2017
 

Accounts Receivable:

     

Joint interest billing

   $ 1,873      $ 3,173  

Trade receivables

     2,207        941  

Oil and gas sales

     10,456        12,941  

Other

     361        4  
  

 

 

    

 

 

 
     14,897        17,059  

Less: Allowance for doubtful accounts

     (98      (98
  

 

 

    

 

 

 

Total

   $ 14,799      $ 16,961  
  

 

 

    

 

 

 

Accounts Payable:

     

Trade

   $ 1,153      $ 14,317  

Royalty and other owners

     7,944        8,341  

Prepaid drilling deposits

     114        67  

Other

     1,404        1,890  
  

 

 

    

 

 

 

Total

   $ 10,615      $ 24,615  
  

 

 

    

 

 

 

Accrued Liabilities:

     

Compensation and related expenses

   $ 2,387      $ 2,449  

Property costs

     12,092        9,141  

Income Tax

     —          4,180  

Other

     785        524  
  

 

 

    

 

 

 

Total

   $ 15,264      $ 16,294  
  

 

 

    

 

 

 

(4) Property and Equipment:

Property and equipment at September 30, 2018 and December 31, 2017 consisted of the following:

 

(Thousands of dollars)    September 30,
2018
     December 31,
2017
 

Proved oil and gas properties, at cost

   $ 499,958      $ 476,570  

Less: Accumulated depletion and depreciation

     (281,824      (263,569
  

 

 

    

 

 

 

Oil and Gas Properties, Net

   $ 218,134      $ 213,001  
  

 

 

    

 

 

 

Field and office equipment

   $ 26,788      $ 26,241  

Less: Accumulated depreciation

     (20,192      (19,267
  

 

 

    

 

 

 

Field and Office Equipment, Net

   $ 6,596      $ 6,974  
  

 

 

    

 

 

 

Total Property and Equipment, Net

   $ 224,730      $ 219,975  
  

 

 

    

 

 

 

(5) Long-Term Debt:

Bank Debt:

On February 15, 2017, the Company and its lenders entered into a Third Amended and Restated Credit Agreement (the “2017 Credit Agreement”) with a maturity date of February 15, 2021. The Second Amended and Restated Credit Agreement and subsequent amendments were amended and restated by the 2017 Credit Agreement. Pursuant to the terms and conditions of the 2017 Credit Agreement, the Company has a revolving line of credit and letter of credit facility of up to $300 million subject to a borrowing base that is determined semi-annually by the lenders based upon the Company’s financial statements and the estimated value of the Company’s oil and gas properties, in accordance with the Lenders’ customary practices for oil and gas loans. The credit facility is secured by substantially all of the Company’s oil and gas properties. The 2017 Credit Agreement includes terms and covenants that require the Company to maintain a minimum current ratio, total indebtedness to EBITDAX (earnings before depreciation, depletion, amortization, taxes, interest expense and exploration costs) ratio and interest coverage ratio, as defined, and restrictions are placed on the payment of dividends, the amount of treasury stock the Company may purchase, commodity hedge agreements, and loans and investments in its consolidated subsidiaries and limited partnerships.

 

9


Table of Contents

On December 22, 2017, the Company and its lenders entered into a First Amendment to the Third Amended and Restated Credit Agreement. The credit agreement includes the addition of a new lender and retains all other aspects of the original credit agreement. As of the effective date of this amendment the Company’s borrowing base was increased to $85 million.

On July 17, 2018, the Company and its lenders entered into a Second Amendment to the Third Amended and Restated Credit Agreement. The credit agreement includes modifications for the borrowing base utilization margins and rates by type of borrowing, revises minimum quantifications for individual borrowings, reduces the overall    percentage required for commodity hedge agreements, modifies the requirements placed on the companies’ ability to purchase equity interests and retains all other aspects of the original credit agreement. As of the effective date of this amendment the Company’s borrowing base was increased to $90 million.

At September 30, 2018, the Company had a total of $56.5 million of borrowings outstanding under its revolving credit facility at a weighted-average interest rate of 5.22% and $33.5 million available for future borrowings. The combined weighted average interest rate paid on outstanding bank borrowings subject to base rate and LIBO interest was 5.30% for the nine months ended September 30, 2018 as compared to 4.98% for nine months ended September 30, 2017. The Company’s borrowings under this credit facility approximates fair value because the interest rates are variable and reflective of market rates.

Equipment Loans:

On July 29, 2014, the Company entered into additional equipment financing facilities (“Additional Equipment Loans”) totaling $6.0 million with JP Morgan Chase Bank. In August 2014, the Company drew down $4.8 million of this facility that is secured by field service equipment, carries an interest rate of 3.40% per annum, requires monthly payments (principal and interest) of $87,800, and has a final maturity date of July 31, 2019. The remaining $1.2 million under the Additional Equipment Loans was available for interim draws to finance the acquisition of any future field service equipment. In December 2014, the Company made an interim draw of an additional $0.5 million on this facility that is secured by recently purchased field service equipment. Interim draws on this facility carried a floating interest rate; payable monthly at the LIBO published rate plus 2.50% and on June 26, 2015 converted into a fixed term loan, with a rate of 3.50% and requiring monthly payments (principal and interest) of $8,700 with a final maturity date of June 26, 2020. As of September 30, 2018, the Company had a total of $1.025 million outstanding on the Additional Equipment Loans.

On January 12, 2018, the Company made a principal payment towards the third interim loan in the amount of $20,858. Effective with the payment due of January 26, 2018 the required monthly payments (principal and interest) on this loan changed to $7,986 with a continuing effective rate of 3.50% and a final maturity of June 26, 2020.

The Company determined these loans are Level 3 liabilities in the fair-value hierarchy and estimated their fair value as $922 thousand and $3.941 million at September 30, 2018 and 2017, respectively, using a discounted cash flow model.

(6) Other Long-Term Obligations and Commitments:

Operating Leases:

The Company has several non-cancelable operating leases, primarily for rental of office space, that have a term of more than one year. The future minimum lease payments for the rest of fiscal 2018 and thereafter for the operating leases are as follows:

 

(Thousands of dollars)    Operating
Leases
 

2018

   $ 133  

2019

     222  

2020

     69  

2021

     17  
  

 

 

 

Total minimum payments

   $ 441  
  

 

 

 

Rent expense for office space for the nine months ended September 30, 2018 and 2017 was $396,000 and $509,000, respectively.

 

10


Table of Contents

Asset Retirement Obligation:

A reconciliation of the liability for plugging and abandonment costs for the nine months ended September 30, 2018 is as follows:

 

(Thousands of dollars)       

Asset retirement obligation – December 31, 2017

   $ 23,578  

Liabilities incurred

     42

Liabilities settled

     (1,967

Accretion expense

     840  
  

 

 

 

Asset retirement obligation – September 30, 2018

   $ 22,493  
  

 

 

 

The Company’s liability is determined using significant assumptions, including current estimates of plugging and abandonment costs, annual inflation of these costs, the productive life of wells and a risk-adjusted interest rate. Changes in any of these assumptions can result in significant revisions to the estimated asset retirement obligation. Revisions to the asset retirement obligation are recorded with an offsetting change to producing properties, resulting in prospective changes to depreciation, depletion and amortization expense and accretion of discount. Because of the subjectivity of assumptions and the relatively long life of most of the Company’s wells, the costs to ultimately retire the wells may vary significantly from previous estimates.

(7) Contingent Liabilities:

The Company, as managing general partner of the affiliated Partnerships, is responsible for all Partnership activities, including the drilling of development wells and the production and sale of oil and gas from productive wells. The Company also provides the administration, accounting and tax preparation work for the Partnerships, and is liable for all debts and liabilities of the affiliated Partnerships, to the extent that the assets of a given limited Partnership are not sufficient to satisfy its obligations.

The Company is subject to environmental laws and regulations. Management believes that future expenses, before recoveries from third parties, if any, will not have a material effect on the Company’s financial condition. This opinion is based on expenses incurred to date for remediation and compliance with laws and regulations, which have not been material to the Company’s results of operations.

From time to time, the Company is party to certain legal actions arising in the ordinary course of business. While the outcome of these events cannot be predicted with certainty, management does not expect these matters to have a materially adverse effect on the financial position or results of operations of the Company.

(8) Stock Options and Other Compensation:

In May 1989, non-statutory stock options were granted by the Company to four key executive officers for the purchase of shares of common stock. At September 30, 2018 and 2017, remaining options held by two key executive officers on 767,500 shares were outstanding and exercisable at prices ranging from $1.00 to $1.25. According to their terms, the options have no expiration date.

(9) Related Party Transactions:

The Company, as managing general partner or managing trustee, makes an annual offer to repurchase the interests of the partners and trust unit holders in certain of the Partnerships and Trusts. The Company purchased interests totaling $10,000 and $60,000 for the nine months ended September 30, 2018 and 2017, respectively.

Payables owed to related parties primarily represent receipts collected by the Company as agent for the joint venture partners, which may include members of the Company’s Board of Directors, for oil and gas sales net of expenses.

 

11


Table of Contents

(10) Financial Instruments

Fair Value Measurements:

Authoritative guidance on fair value measurements defines fair value, establishes a framework for measuring fair value and stipulates the related disclosure requirements. The Company follows a three-level hierarchy, prioritizing and defining the types of inputs used to measure fair value. The fair values of the natural gas, crude oil price swaps and natural gas liquid swaps are designated as Level 3. The following fair value hierarchy table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017:

 

September 30, 2018

   Quoted Prices in
Active Markets
For Identical
Assets (Level 1)
     Significant
Other
Observable
Inputs (Level 2)
     Significant
Unobservable
Inputs (Level 3)
     Balance at
September 30,
2018
 
(Thousands of dollars)                            

Assets

           

Commodity derivative contracts

   $ —        $ —        $ 68      $ 68  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

     —        $ —        $ 68      $ 68  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities

           

Commodity derivative contracts

   $ —        $ —        $ (11,254    $ (11,254
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

   $ —        $ —        $ (11,254    $ (11.254
  

 

 

    

 

 

    

 

 

    

 

 

 

December 31, 2017

   Quoted Prices in
Active Markets
For Identical
Assets (Level 1)
     Significant
Other
Observable
Inputs (Level 2)
     Significant
Unobservable
Inputs (Level 3)
     Balance at
December 31,
2017
 

(Thousands of dollars)

           

Assets

           

Commodity derivative contracts

   $ —        $ —        $ 388      $ 388  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

   $ —        $ —        $ 388      $ 388  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities

           

Commodity derivative contract

   $ —       

$

—  

 

   $ (3,422    $ (3,422
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

   $ —        $ —        $ (3,422    $ (3,422
  

 

 

    

 

 

    

 

 

    

 

 

 

The derivative contracts were measured based on quotes from the Company’s counterparties. Such quotes have been derived using valuation models that consider various inputs including current market and contractual prices for the underlying instruments, quoted forward prices for natural gas , crude oil, natural gas liquids, volatility factors and interest rates, such as a LIBOR curve for a similar length of time as the derivative contract term as applicable. These estimates are verified using comparable NYMEX futures contracts or are compared to multiple quotes obtained from counterparties for reasonableness.

The significant unobservable inputs for Level 3 derivative contracts include basis differentials and volatility factors. An increase (decrease) in these unobservable inputs would result in an increase (decrease) in fair value, respectively. The Company does not have access to the specific assumptions used in its counterparties’ valuation models. Consequently, additional disclosures regarding significant Level 3 unobservable inputs were not provided.

The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy for the nine months ended September 30, 2018.

 

(Thousands of dollars)       

Net Liabilities – December 31, 2017

   $ (3,034

Total realized and unrealized gains (losses):

  

Included in earnings (a)

     (11,077

Purchases, sales, issuances and settlements

     2,925  
  

 

 

 

Net Liabilities – September 30, 2018

   $ (11,186
  

 

 

 

 

a)

Derivative instruments are reported in revenues as realized gain (loss) and on a separately reported line item captioned unrealized gain (loss) on derivative instruments.

 

12


Table of Contents

Derivative Instruments:

The Company is exposed to commodity price and interest rate risk, and management considers periodically the Company’s exposure to cash flow variability resulting from the commodity price changes and interest rate fluctuations. Futures, swaps and options are used to manage the Company’s exposure to commodity price risk inherent in the Company’s oil and gas production operations. The Company does not apply hedge accounting to any of its commodity based derivatives. Both realized and unrealized gains and losses associated with commodity derivative instruments are recognized in earnings.

The following table sets forth the effect of derivative instruments on the consolidated balance sheets at September 30, 2018 and December 31, 2017:

 

          Fair Value  
(Thousands of dollars)   Balance Sheet Location     September 30,
2018
    December 31,
2017
 

Asset Derivatives:

     

Derivatives not designated as cash-flow hedging instruments:

     

Natural gas commodity contracts

    Other Current Assets     $ 55     $ —    

Natural gas liquid contracts

    Other Current Assets       —         —    

Crude oil commodity contracts

    Other Current Assets       —         344  

Natural gas commodity contracts

    Other Assets       13       44  

Natural gas liquid contracts

    Other Assets       —         —    
   

 

 

   

 

 

 

Total

    $ 68     $ 388  
   

 

 

   

 

 

 

Liability Derivatives:

     

Derivatives not designated as cash-flow hedging instruments:

     

Crude oil commodity contracts

    Derivative liability short-term       (7,420)       (1,504)  

Natural gas commodity contracts

    Derivative liability short-term       (47)       (4)  

Natural gas liquid contracts

    Derivative liability short-term       (561)       —    

Crude oil commodity contracts

    Derivative liability long-term       (3,143)       (1,910)  

Natural gas commodity contracts

    Derivative liability long-term       —         (4)  

Natural gas liquid contracts

    Derivative liability long-term       (83)       —    
   

 

 

   

 

 

 

Total

    $  (11,254)     $  (3,422)  
   

 

 

   

 

 

 

Total derivative instruments

    $ (11,186)     $  (3,034)  
   

 

 

   

 

 

 

 

13


Table of Contents

The following table sets forth the effect of derivative instruments on the consolidated statements of operations for the nine month period ended September 30, 2018 and 2017:

 

    

Location of gain (loss) recognized in income

   Amount of gain/loss
recognized in income
 

(Thousands of dollars)

   2018      2017  

Derivatives not designated as cash-flow hedge instruments:

        

Natural gas commodity contracts

   Unrealized (loss) gain on derivative instruments, net    $ (359    $ 1,709  

Crude oil commodity contracts

   Unrealized (loss) gain on derivative instruments, net    $ (7,148      1,383  

Natural gas liquids contracts

   Unrealized gain on derivative instruments, net      (645      —    

Natural gas commodity contracts

   Realized (loss) on derivative instruments, net      124        (130

Crude oil commodity contracts

   Realized (loss) on derivative instruments, net      (2,895      81  

Natural gas liquids contracts

   Realized gain on derivative instruments, net      (154      —    
     

 

 

    

 

 

 
      $ (11,077    $ 3,043  

(11) Earnings Per Share:

Basic earnings per share are computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect per share amounts that would have resulted if dilutive potential common stock had been converted to common stock in gain periods. The following reconciles amounts reported in the financial statements:

 

     Nine months Ended September 30,  
     2018      2017  
     Net Income
(In 000’s)
     Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
     Net Income
(In 000’s)
    Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
 

Basic

   $ 7,115        2,102,853      $ 3.38      $ 20,648       2,223,399      $ 9.29  

Effect of dilutive securities: Options

        754,558             750,731     
  

 

 

    

 

 

       

 

 

   

 

 

    

Diluted

   $ 7,115        2,857,411      $ 2.49      $ 20,648       2,974,130      $ 6.94  
  

 

 

    

 

 

       

 

 

   

 

 

    
     Three Months Ended September,  
     2018      2017  
     Net Income
(In 000’s)
     Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
     Net Income
(In 000’s)
    Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
 

Basic

   $ 4,353        2,069,231      $ 2.10      $ (2,012     2,187,894      $ (0.92

Effect of dilutive securities: Options (a)

        756,366           —         —       
  

 

 

    

 

 

       

 

 

   

 

 

    

Diluted

   $ 4,353        2,825,597      $ 1.54      $ (2,012     2,187,894      $ (0.92
  

 

 

    

 

 

       

 

 

   

 

 

    

 

(a)

The effect of the 767,500 outstanding stock option is anti-dilutive for the three months ended September 30, 2017 due to net loss for the period.

This Report may contain statements relating to the future results of the Company that are considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “PSLRA”). In addition, certain statements may be contained in the Company’s future filings with the SEC, in press releases, and in oral and written statements made by or with the approval of the Company that are not statements of historical fact and constitute forward-looking statements within the meaning of the

 

14


Table of Contents

PSLRA. Such forward-looking statements, in addition to historical information, which involve risk and uncertainties, are based on the beliefs, assumptions and expectations of management of the Company. Words such as “expects”, ‘believes”, “should”, “plans”, “anticipates”, “will”, “potential”, “could”, “intend”, “may”, “outlook”, “predict”, “project”, “would”, “estimates”, “assumes”, “likely” and variations of such similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company’s oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company’s ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected. The forward-looking statements are made as of the date of this Report and other than as required by the federal securities laws, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.

 

Item 2.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion is intended to assist you in understanding our results of operations and our present financial condition. Our Condensed Consolidated Financial Statements and the accompanying Notes to the Condensed Consolidated Financial Statements included elsewhere in this Report contain additional information that should be referred to when reviewing this material.

OVERVIEW

We are an independent oil and natural gas company engaged in acquiring, developing and producing oil and natural gas. We presently own producing and non-producing properties located primarily in Texas, Oklahoma and West Virginia. In addition, we own a substantial amount of well servicing equipment. All of our oil and gas properties and interests are located in the United States. Assets in our principal focus areas include mature properties with long-lived reserves and significant development opportunities as well as newer properties with development and exploration potential.

We are the operator of the majority of our developed and undeveloped acreage which is nearly all held by production. In the Permian Basin of West Texas the Company maintains an acreage position of over 20,440 gross (13,100 net) acres, approximately 95% of which is located in Reagan, Upton, Martin and Midland counties of Texas where our current horizontal drilling activity is focused. Our West Texas acreage has significant resource potential in the Spraberry and Wolfcamp reservoirs that we believe could support the drilling of as many as 400 additional horizontal wells.

In Oklahoma we maintain an acreage position of approximately 81,860 gross (10,900 net) acres. Our Oklahoma horizontal development is focused primarily in Canadian, Kingfisher, Grady, and Garvin counties. We believe approximately 2,215 net acres in these counties hold significant additional resource potential that could support the drilling of as many as 63 new horizontal wells based on an estimate of only two wells per section, with our share of such prospective future development being approximately $33.3 million based on an average 10.5% ownership level.

District Information

The following table represents certain reserve and well information as of December 31, 2017.

 

     Appalachian      Gulf
Coast
     Mid-
Continent
     West
Texas
     Other      Total  

Proved Reserves as of December 31, 2017 (MBoe)

                 

Developed

     537        803        1,774        6,742        37        9,893  

Undeveloped

     —          —          132        647        —          779  

Total

     537        803        1,906        7,389        37        10,672  

Gross Productive Wells (Working Interest and ORRI wells)

     557        322        619        566        156        2,220  

Gross Productive Wells (Working Interest Only)

     489        281        471        523        94        1,858  

Net Productive Wells

     456        174        257        516        23        1,426  

Gross Operated Productive Wells

     467        244        348        370        57        1,486  

Gross Operated Water Disposal, Injection and Supply wells

     1        8        64        7        1        81  

 

15


Table of Contents

Reserve Information:

All of our reserves are located within the continental United States. The following table summarizes our oil and gas reserves at each of the respective dates:

 

     Reserve Category                
     Proved Developed      Proved Undeveloped      Total  

As of December 31,

   Oil
(MBbls)
     NGLs
(MBbls)
     Gas
(MMcf)
     Total
(MBoe)
     Oil
(MBbls)
     NGLs
(MBbls)
     Gas
(MMcf)
     Total
(MBoe)
     Oil
(MBbls)
     NGLs
(MBbls)
     Gas
(MMcf)
     Total
(MBoe)
 
                          (a)                           (a)                           (a)  

2015

     4,579        1,673        23,275        10,131        52        12        55        73        4,631        1,685        23,330        10,204  

2016

     3,107        1,265        13,001        6,539        643        159        2,003        1,135        3,750        1,424        15,004        7,674  

2017

     5,333        1,703        17,143        9,893        505        156        710        779        5,838        1,859        17,853        10,672  

 

(a)

In computing total reserves on a barrels of oil equivalent (Boe), gas is converted to oil based on its relative energy content at the rate of six Mcf of gas to one barrel of oil and NGLs are converted based upon volume; one barrel of natural gas liquids equals one barrel of oil.

The estimated future net revenue (using current prices and costs as of those dates) and the present value of future net revenue (at a 10% discount for estimated timing of cash flow) for our proved developed and proved undeveloped oil and gas reserves at the end of each of the three years ended December 31, 2017, are summarized as follows (in thousands of dollars):

 

     Proved Developed      Proved Undeveloped      Total  

As of December 31,

   Future Net
Revenue
     Present
Value 10
Of Future
Net
Revenue
     Future Net
Revenue
     Present
Value 10
Of Future
Net
Revenue
     Future Net
Revenue
     Present
Value 10
Of Future
Net
Revenue
     Present
Value 10
Of Future
Income
Taxes
     Standardized
Measure of
Discounted
Cash flow
 

2015

   $ 70,834      $ 60,962      $ 1,098      $ 233      $ 71,932      $ 61,195      $ 2,393      $ 58,802  

2016

   $ 56,467      $ 46,827      $ 18,114      $ 10,403      $ 74,581      $ 57,230      $ 4,993      $ 52,237  

2017

   $ 160,737      $ 111,614      $ 13,564      $ 6,100      $ 174,301      $ 117,714      $ 10,800      $ 106,914  

The PV 10 Value represents the discounted future net cash flows attributable to our proved oil and gas reserves before income tax, discounted at 10%. Although this measure is not in accordance with U.S. generally accepted accounting principles (“GAAP”), we believe that the presentation of the PV 10 Value is relevant and useful to investors because it presents the discounted future net cash flow attributable to proved reserves prior to taking into account corporate future income taxes and the current tax structure. We use this measure when assessing the potential return on investment related to oil and gas properties. The PV 10 of future income taxes represents the sole reconciling item between this non-GAAP PV 10 Value versus the GAAP measure presented in the standardized measure of discounted cash flow. A reconciliation of these values is presented in the last three columns of the table above. The standardized measure of discounted future net cash flows represents the present value of future cash flows attributable to proved oil and natural gas reserves after income tax, discounted at 10%.

In accordance with SEC rules governing the scheduling of the drilling of PUD reserves we have only included in our year-end reserve report the 22 PUD locations for which we have definitive plans to drill. The Company has a working interest in eight of these PUD locations and an overriding royalty interest in the remaining fourteen locations. Currently all 22 of these PUD locations have been drilled, and 20 are producing.

Our balanced portfolio of assets positions us well for both the current commodity price environment and future potential upside as we develop our attractive resource opportunities. Our primary sources of liquidity are cash flows generated from operations, through our producing oil and gas properties, our field services business, and from sales of non-core acreage.

The Company will continue to pursue the acquisition of leasehold acreage and producing properties in areas where we currently operate and believe there is additional exploration and development potential and will attempt to assume the position of operator in all such acquisitions. In order to diversify and broaden our asset base, we will consider acquiring the assets or stock in other entities and companies in the oil and gas business. Our main objective in making any such acquisitions will be to acquire income producing assets so as to build stockholder value through consistent growth in our oil and gas reserve base on a cost-efficient basis.

Our cash flows depend on many factors, including the price of oil and gas, the success of our acquisition and drilling activities and the operational performance of our producing properties. We may use derivative instruments to manage our commodity price risk. This practice may prevent us from receiving the full advantage of any increases in oil and gas prices above the maximum fixed amount specified in the derivative agreements and subjects us to the credit risk of the counterparties to such agreements.

 

16


Table of Contents

Maintaining a strong balance sheet and ample liquidity are key components of our business strategy. For 2018, we will continue our focus on preserving financial flexibility and ample liquidity as we manage the risks facing our industry. Our 2018 capital budget is reflective of current commodity prices and has been established based on an expectation of available cash flows, with any cash flow deficiencies expected to be funded by borrowings under our revolving credit facility. As we have done historically to preserve or enhance liquidity we may adjust our capital program throughout the year, divest non-strategic assets, or enter into strategic joint ventures.

RECENT ACTIVITIES

Since the start of our West Texas horizontal drilling program in 2015 and through the 3rd quarter of 2018, the Company has participated in 64 horizontal wells in West Texas; 46 of these were completed and producing by year-end 2017, and 10 more have been brought on-line in the first nine months 2018. Of the total 64 wells drilled and producing, the Company has an average of 28% interest in 49 wells, and less than one percent interest in 15 wells. Of the 10 wells brought on production in the first nine months of 2018, three are two-mile long horizontal laterals. The Company has 38.25% interest in these three wells and invested approximately $10.1 million. As to the remaining seven wells brought on production in the first nine months of 2018, the Company has less than 1% interest. In the 3rd quarter of 2018, PrimeEnergy is participating in eight new horizontals wells, each having a one mile long lateral. The Company has 49% interest in these wells and will invest approximately $22.7 million including for production facilities. We anticipate these eight wells to be on line in the 1st quarter of 2019.

In Upton County, West Texas, we are developing a contiguous 3,900 acre block with our joint venture partner, Apache Corporation. In this block the Company has 2,543 leasehold acres with interest between 14% and 56%, depending on the formation or depth being developed. Through the 3rd quarter of 2018, 25 wells have been drilled and completed in this joint venture, including three two-mile long horizontals completed and put on production as of July 1, 2018. In addition, the Company is participating for 49% interest in eight wells that are in the process of being drilled and completed. Apache Corporation has indicated plans to continue PAD drilling of the acreage with future phases of development expected to result in the drilling of approximately 96 additional horizontal wells at a cost of approximately $748 million in the contiguous 3900 acre block. The Company’s share of these future capital expenditures would be approximately $284 million. The actual number of wells that will be drilled, the cost, and the timing of drilling will vary based upon many factors, including commodity market conditions.

Also in Upton County, Texas, the Company is developing a separate 1,310 acre block, with Apache Corporation as operator. Plans for the 4th quarter of 2018 include the drilling of three new horizontal wells that will develop target pay intervals other than the middle Wolfcamp. The gross drilling and completion costs for these three wells will be approximately $26 million. Prime holds between 5% and 48% working interest in various depths of this acreage and our share of these three wells will be approximately $8.5 million. With favorable results from these three wells an additional 21 wells would likely be drilled in the near future at a gross cost of approximately $182 million with the Company’s share being approximately $60 million.

In Martin County, Texas we are developing a 960 acre block with Concho Resources. In 2016, two wells were drilled and completed and two additional wells were drilled and brought on line in 2017. The Company owns 35% to 38% interest in this joint venture acreage where Concho Resources is the operator. No near-term additional drilling plans have been received from Concho Resources, however, offset operators have been actively drilling and their results appear encouraging for the future development of multiple landing zones within this acreage block.

With regard to our Oklahoma horizontal development program, which began in 2012, the Company has participated in 41 horizontal wells for approximately $35 million through September, 2018. Over this same time period the Company chose to retain an overriding royalty interest in 29 other horizontal wells that were being drilled. In the first nine months of 2018, the Company has participated in eleven wells to be completed this year at a net cost of $8.5 million. Also in the first nine months of 2018, the Company elected to retain an ORRI in 22 wells that are in the process of being drilled or completed located in various counties of central Oklahoma. In the 4th quarter of 2018 the Company anticipates participating in the drilling of six additional horizontal wells in central Oklahoma with interest of less than one percent. The horizontal activity on Company acreage in Oklahoma is primarily focused in Canadian, Grady, Kingfisher and Garvin counties where we have approximately 2,215 net acres. We believe this acreage has significant additional resource potential that could support the drilling of 63 new horizontal wells based on an estimate of only two wells per section with our share of the capital expenditure being approximately $33.3 million at an average 10.5% ownership level.

In the first nine months of 2018, in the Gulf Coast region of Texas, Unit Petroleum drilled and completed two successful wells and recompleted a third well in the Wilcox Formation of the Jazz field in Polk County. The Company has a 3.87% overriding royalty interest in both of the newly drilled wells and a 1.575% overriding royalty interest in the recompleted well. In addition, the Company successfully recompleted a shallow well in the Segno field of Polk County, Texas in which the company has a 72.5% working interest.

 

17


Table of Contents

RESULTS OF OPERATIONS

2018 and 2017 Compared

We reported a net income for the nine months ended September 30, 2018 of $7.1 million, or $3.38 per share and net income for the three months ended September 30, 2018 of $4.4 million, or $2.10 per share, as compared to net income of $20.6 million, or $9.29 per share and a loss of $2 million, or $(0.92) per share for the nine and three months ended September 30, 2017, respectively. Current year net income reflects an increase in production combined with commodity price changes over the three and nine months ended September 30, 2017, decrease in gains related to the sale of acreage and changes related to the valuation of derivative instruments. The significant components of income and expense are discussed below.

Oil, gas and NGLs sales increased $14.4 million, or 114.4% from $12.6 million for the three months ended September 30, 2017 to $27 million for the three months ended September 30, 2018 and increased $34.8 million, or 89% from $39 million for the nine months ended September 30, 2017 to $74 million for the nine months ended September 30, 2018.

Our realized prices at the well head increased an average of $18.04 per barrel, or 40% and $16.48 per barrel, or 35% on crude oil during the three and nine months ended September 30, 2018, respectively from the same periods in 2017. Our average price for natural gas decreased $0.24 per Mcf, or 9% and $0.55 per Mcf, or 19% during the three and nine months ended September 30, 2018, respectively from the same periods in 2017. Our average price for NGLs sold increased an average of $10.84 per barrel, or 51% and $7.27 per barrel, or 34% during the three and nine months ended September 30, 2018, respectively from the same periods in 2017.

Our crude oil production increased by 142,000 barrels or 75% from 190,000 barrels for the third quarter 2017 to 332,000 barrels for the third quarter 2018 and increased by 325,000 barrels, or 55% from 591,000 barrels for the nine months ended September 30, 2017 to 916,000 barrels for the nine months ended September 30, 2018. Our natural gas production decreased by 41,000 Mcf, or 4% from 947,000 Mcf for the third quarter 2017 to 906,000 Mcf for the third quarter 2018 and increased by 136,000 Mcf, or 5% from 2,641,000 Mcf for the nine months ended September 30, 2017 to 2,777,000 Mcf for the nine months ended September 30, 2018. Our NGL production increased by 49,000 barrels or 68% from 72,000 barrels for the third quarter 2017 to 121,000 barrels for the third quarter 2018 and increased by 152,000 barrels, or 83.5% from 182,000 barrels for the nine months ended September 30, 2017 to 334,000 barrels for the nine months ended September 30, 2018. The increase in production volumes reflect production from our Upton county horizontal wells added in late 2017 and mid 2018, offset with the natural decline of the previously existing properties.

 

            Nine months September 30,  
     2018      2017      Increase /
(Decrease)
     Increase /
(Decrease)
 

Barrels of Oil Produced

     916,000        591,000        325,000        55.0

Average Price Received

   $ 62.97      $ 46.50      $ 16.48        35.4
  

 

 

    

 

 

    

 

 

    

Oil Revenue (In 000’s)

   $ 57,683      $ 27,479      $ 30,204        109.9
  

 

 

    

 

 

    

 

 

    

Mcf of Gas Sold

     2,777,000        2,641,000        136,000        5.1

Average Price Received

   $ 2.35      $ 2.90      $ (0.55)        (19.0 )% 
  

 

 

    

 

 

    

 

 

    

Gas Revenue (In 000’s)

   $ 6,526      $ 7,665      $ (1,139)        (14.9 )% 
  

 

 

    

 

 

    

 

 

    

Barrels of Natural Gas Liquids Sold

     334,000        182,000        152,000        83.5

Average Price Received

   $ 28.71      $ 21.43      $ 7.27        33.9
  

 

 

    

 

 

    

 

 

    

Natural Gas Liquids Revenue (In 000’s)

   $ 9,588      $ 3,901      $ 5,687        145.8
  

 

 

    

 

 

    

 

 

    

Total Oil & Gas Revenue (In 000’s)

   $ 73,797      $ 39,045      $ 34,752        89.0
  

 

 

    

 

 

    

 

 

    

 

18


Table of Contents
            Three months ended September 30,  
     2018      2017      Increase /
(Decrease)
     Increase /
(Decrease)
 

Barrels of Oil Produced

     332,000        190,000        142,000        74.7

Average Price Received

   $ 63.13      $ 45.09      $ 18.04        40.0
  

 

 

    

 

 

    

 

 

    

Oil Revenue (In 000’s)

   $ 20,960      $ 8,568      $ 12,392        144.6
  

 

 

    

 

 

    

 

 

    

Mcf of Gas Sold

     906,000        947,000        (41,000      (4.3 )% 

Average Price Received

   $ 2.40      $ 2.64      $ (0.24)        (9.2 )% 
  

 

 

    

 

 

    

 

 

    

Gas Revenue (In 000’s)

   $ 2,174      $ 2,502      $ (328)        (13.1 )% 
  

 

 

    

 

 

    

 

 

    

Barrels of Natural Gas Liquids Sold

     121,000        72,000        49,000        68.1

Average Price Received

   $ 32.15      $ 21.31      $ 10.84        50.9
  

 

 

    

 

 

    

 

 

    

Natural Gas Liquids Revenue (In 000’s)

   $ 3,890      $ 1,534      $ 2,356        153.6
  

 

 

    

 

 

    

 

 

    

Total Oil & Gas Revenue (In 000’s)

   $ 27,024      $ 12,604      $ 14,420        114.4
  

 

 

    

 

 

    

 

 

    

Oil, Natural Gas and NGL Derivatives We do not apply hedge accounting to any of our commodity based derivatives, thus changes in the fair market value of commodity contracts held at the end of a reported period, referred to as mark-to-market adjustments, are recognized as unrealized gains and losses in the accompanying condensed consolidated statements of operations. As oil and natural gas prices remain volatile, mark-to-market accounting treatment creates volatility in our revenues. The following table summarizes the results of our derivative instruments for the three and nine months ended September 2018 and 2017:

 

     Three Months Ended
September 30,
     Nine months Ended
September 30,
 
     2018      2017      2018      2017  
            ($ in thousand)         

Oil derivatives – realized gains (losses)

   $ (1,261)      $ 159      $ (2,895)    $ 81

Oil derivatives – unrealized gains (losses)

     (1,716      (108      (7,148      1,383  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total gains (losses) on oil derivatives

   $  (2,977)      $ 51      $  (10,043)      $  1,464  

Natural gas derivatives – realized gains (losses)

   $ 39      $ 19      $ 124      $ (130)  

Natural gas derivatives – unrealized gains (losses)

     (31      396        (359      1,709  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total gains (losses) on natural gas derivatives

   $ 8      $ 415      $ (235)      $ 1,579  

NGL derivatives – realized (losses)

   $ (127)      $ —        $ (154)      $ —    

NGL derivatives – unrealized gains (losses)

     (448      —          (645      —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total gains (losses) on NGL derivatives

     (575      —          (799      —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total gains (losses) on oil, natural gas and NGL derivatives

   $ (3,544)      $ 466      $ (11,077)      $ 3,043  
  

 

 

    

 

 

    

 

 

    

 

 

 

Prices received for the nine months ended September 30, 2018 and 2017, respectively, including the impact of derivatives were:

 

     2018      2017  

Oil Price

   $  59.81      $  46.63  

Gas Price

   $ 2.39      $ 2.85  

NGLS Price

   $ 28.24      $ 21.43  

Field service income increased $0.4 million or 8.8% from $4.1 million for the third quarter 2017 to $4.5 million for the third quarter 2018 and $1.0 million, or 7.9% from $12.2 million for the nine months ended September 30, 2017 to $13.1 million for the nine months ended September 30, 2018. This increase is a combined result of increased utilization and rates charged to customers during the 2018 period. Workover rig services, hot oil treatments, salt water hauling and disposal represent the bulk of our field service operations.

Lease operating expense increased $2.8 million, or 41% from $6.8 million for the third quarter 2017 to $9.5 million for the third quarter 2018 and increased $5.8 million, or 27.6% from $21 million for the nine months ended September 30, 2017 to $26.9 million for the nine months ended September 30, 2018. This increase is primarily due to costs related to new wells brought on-line, general rate increases on vendor services and increased production taxes related to increased prices and production during the first nine months of 2018 as compared to the same period of 2017.

 

19


Table of Contents

Field service expense increased $0.6 million or 19.3% from $3.1 million for the third quarter 2017 to $3.7 million for the third quarter 2018 and increased $1.0 million, or 19.3% from $9.2 million for the nine months ended September 30, 2017 to $10.2 million for the nine months ended September 30, 2018. Field service expenses primarily consist of salaries and vehicle operating expenses which have increased during the nine months ended September 30, 2018 over the same period of 2017 as a direct result of increased services and utilization of the equipment.

Depreciation, depletion, amortization and accretion on discounted liabilities remained flat from $7.8 million for the third quarter 2017 to $7.9 million for the third quarter 2018 and $23.8 million for the nine months ended September 30, 2017 to $23.7 million for the nine months ended September 30, 2018, reflecting the increased reserve base and production related to new wells placed on production late in 2017 and mid 2018.

General and administrative expense increased $3.9 million, or 56.5% from $6.9 million for the nine months ended September 30, 2017 to $10.8 million for the nine months ended September 30, 2018, and decreased $0.3 million, or 10.8% from $2.5 million for the three months ended September 30, 2017 to $2.25 million for the three months ended September 30, 2018. This increase in 2018 reflects the combination of a reduction in reimbursements related to the decrease in gains on sales of properties from 2017 to 2018 and increases in personnel costs.

Gain on sale and exchange of assets of $3.2 million and $42.1 million for the nine months ended September 30, 2018 and September 30, 2017, respectively consists of sales of non-essential oil and gas interests and field service equipment.

Interest expense increased from $0.6 million for the third quarter 2017 to $0.8 million for the third quarter 2018 and from $1.7 million for the nine months ended September 30, 2017 to $2.6 million for the nine months ended September 30, 2018. This increase reflects the increase in current rates and borrowings under our revolving credit agreement.

Income tax expense decreased $10.1 million due to a lower effective tax rate and lower pre-tax income. The effective tax rates for the nine months of 2018 and 2017 were 25% and 32.1%, respectively. The decrease in the effective tax rate is primarily due to the impact of the Tax Cuts and Jobs Act changes that are effective January 1, 2018.

LIQUIDITY AND CAPITAL RESOURCES

Our primary sources of liquidity are cash flows generated from operations, through our producing oil and gas properties, field services business and from sales of non-core acreage.

Net cash provided by our operating activities for the nine months ended September 30, 2018 was $25.5 million compared to $21.4 million provided by operating activities for the nine months ended September 30, 2017. Excluding the effects of significant unforeseen expenses or other income, our cash flow from operations fluctuates primarily because of variations in oil and gas production and prices or changes in working capital accounts. Our oil and gas production will vary based on actual well performance but may be curtailed due to factors beyond our control.

Our realized oil and gas prices vary due to world political events, supply and demand of products, product storage levels, and weather patterns. We sell the vast majority of our production at spot market prices. Accordingly, product price volatility will affect our cash flow from operations. To mitigate price volatility we sometimes lock in prices for some portion of our production through the use of derivatives.

If our exploratory drilling results in significant new discoveries, we will have to expend additional capital in order to finance the completion, development, and potential additional opportunities generated by our success. We believe that, because of the additional reserves resulting from the successful wells, we will be able to access sufficient additional capital through bank financing.

We currently maintain a credit facility totaling $300 million, with a borrowing base of $90 million. The Company currently has $55 million in outstanding borrowings and $35million in availability under this facility. The bank reviews the borrowing base semi-annually and, at their discretion, may decrease or propose an increase to the borrowing base relative to a redetermined estimate of proved oil and gas reserves. The next borrowing base review is scheduled for December 2018. Our oil and gas properties are pledged as collateral for the line of credit and we are subject to certain financial and operational covenants defined in the agreement. We are currently in compliance with these covenants and expect to be in compliance over the next twelve months. If we do not comply with these covenants on a continuing basis, the lenders have the right to refuse to advance additional funds under the facility and declare all principal and interest immediately due and payable. Our borrowing base may decrease as a result of lower natural gas or oil prices, operating difficulties, declines in reserves, lending requirements or regulations, the issuance of new indebtedness or for other reasons set forth in our revolving credit agreement. In the event of a decrease in our borrowing base our ability to borrow under our revolving credit facility may be limited and we could be required to repay any indebtedness in excess of the redetermined borrowing base.

 

20


Table of Contents

Our credit agreement required us to hedge a portion of our production as forecasted for the PDP reserves included in our borrowing base review engineering reports. Accordingly the Company has in place the following swap agreements for oil, natural gas and natural gas liquids.

 

     Volumes      Prices  
     2018      2019      2020      2018      2019      2020  

Natural Gas (MMBTU)

     600,000        749,000        180,000      $ 2.97      $ 2.93      $ 2.95  

Natural Gas Liquids (barrels)

     18,000        60,000        —        $  22.73      $  21.66     

Oil (barrels)

     71,700        540,500        100,500      $ 51.95      $ 53.53      $  56.11  

Maintaining a strong balance sheet and ample liquidity are key components of our business strategy. For 2018, we will continue our focus on preserving financial flexibility and ample liquidity as we manage the risks facing our industry. Our 2018 capital budget is reflective of current commodity prices and has been established based on an expectation of available cash flows, with any cash flow deficiencies expected to be funded by borrowings under our revolving credit facility. As we have done historically to preserve or enhance liquidity we may adjust our capital program throughout the year, divest non-strategic assets, or enter into strategic joint ventures. We are actively in discussions with financial partners for funding to develop our asset base and, if required, pay down our revolving credit facility should our borrowing base become limited due to the deterioration of commodity prices.

We have in place both a stock repurchase program and a limited partnership interest repurchase program under which we expect to continue spending during 2018. For the nine month period ended September 30, 2018, we have spent $6.3 million under these programs.

 

Item 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is a smaller reporting company and no response is required pursuant to this Item.

 

Item 4.

CONTROLS AND PROCEDURES

As of the end of the current reported period covered by this report, the Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures pursuant to Rules 13a-15 and 15d-15 of the Securities Exchange Act of 1934 (the “Exchange Act”). Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures are effective with respect to the recording, processing, summarizing and reporting, within the time periods specified in the Commission’s rules and forms, of information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act.

There were no changes in the Company’s internal control over financial reporting that occurred during the first nine months of 2018 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II—OTHER INFORMATION

 

Item 1.

LEGAL PROCEEDINGS

None.

 

Item 1A.

RISK FACTORS

The Company is a smaller reporting company and no response is required pursuant to this Item.

 

21


Table of Contents
Item 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

There were no sales of equity securities by the Company during the period covered by this report.

During the nine months ended September 30, 2018, the Company purchased the following shares of common stock as treasury shares.

 

2018 Month

   Number of
Shares
     Average Price
Paid per share
     Maximum
Number of Shares
that May Yet Be
Purchased Under
The Program at
Month - End (1)
 

January

     178      $  55.55        122,736  

February

     64,841      $ 50.18        57,895  

March

     2,199      $ 52.50        55,696  

April

     4,787      $ 54.08        50,909  

May

     417      $ 69.81        50,492  

June

     417      $ 69.35        250,075  

July

     34,522      $ 74.99        215,553  

August

     93      $ 75.49        215,460  

September

     111      $ 75.43        214,349  
  

 

 

    

 

 

    

Total/Average

     107,565      $ 58.57     
  

 

 

    

 

 

    

 

 

(1)

In December 1993, we announced that the Board of Directors authorized a stock repurchase program whereby we may purchase outstanding shares of the common stock from time-to-time, in open market transactions or negotiated sales. On October 31, 2012, the Board of Directors of the Company approved an additional 500,000 shares of the Company’s stock to be included in the stock repurchase program. On June 13, 2018, the Board of Directors of the Company approved an additional 200,000 shares of the Company’s stock to be included in the repurchase program. A total of 3,700,000 shares have been authorized, to date, under this program. Through September 30, 2018, a total of 3,484,651 shares have been repurchased under this program for $67,079,992 at an average price of $19.25 per share. Additional purchases of shares may occur as market conditions warrant. We expect future purchases will be funded with internally generated cash flow or from working capital.

 

Item 3.

DEFAULTS UPON SENIOR SECURITIES

None

 

Item 4.

RESERVED

 

Item 5.

OTHER INFORMATION

None

 

22


Table of Contents
Item 6.

EXHIBITS

The following exhibits are filed as a part of this report:

 

Exhibit No.

    
  3.1    Restated Certificate of Incorporation of PrimeEnergy Corporation (effective July  1, 2009) (Incorporated by reference to Exhibit 3.1 to PrimeEnergy Corporation Form 10-Q for the quarter ended June 30, 2009).
  3.2    Bylaws of PrimeEnergy Corporation as amended and restated as of May  20, 2015 (filed as Exhibit 3.2 of PrimeEnergy Corporation Form 8-K on May 21, 2015 and incorporated herein by reference).
10.18    Composite copy of Non-Statutory Option Agreements (Incorporated by reference to Exhibit 10.18 of PrimeEnergy Corporation Form 10-K for the year ended December 31, 2004).
10.22.5.10    Third Amended and Restated Credit Agreement dated as of February  15, 2017 among PrimeEnergy Corporation, as Borrower, Compass Bank, as Administrative Agent and Lender, Wells Fargo, National Association, as Document Agent, the Lenders Party Hereto (Compass Bank, Wells Fargo, National Association,Citibank, N.A.)and BBVA Compass Bank, as Letter of Credit Issuer and Sole Lead Arranger and Sole Bookrunner (Incorporated by reference to Exhibit 10.22.5.10 to PrimeEnergy Corporation Form 10-K for the year ended December 31, 2016).
10.22.5.10.1    FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT dated as of December  22, 2017 among PRIMEENERGY CORPORATION, as Borrower, THE LENDERS PARTY HERETO, COMPASS BANK, as Administrative Agent, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Documentation Agent, and BBVA COMPASS, as Sole Lead Arranger and Sole Book Runner, (Incorporated by reference to Exhibit 10.22.5.10.1 to PrimeEnergy Corporation Form 10-K for the year ended December 31, 2017).
10.22.5.10.2    SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT dated as of July  17, 2018 among PRIMEENERGY CORPORATION, as Borrower, THE LENDERS PARTY HERETO, COMPASS BANK, as Administrative Agent, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Documentation Agent, and BBVA COMPASS, as Sole Lead Arranger and Sole Book Runner, (Incorporated by reference to Exhibit 10.22.5.10.2 to PrimeEnergy Corporation Form 10-Q for the quarter ended June 30, 2018).
10.22.5.11    Amended, Restated and Consolidated Guaranty dated as of February  15, 2017, among PrimeEnergy Management Corporation, Prime Operating Company, Eastern Oil Well Service Company, Southwest Oilfield Construction Company, EOWS Midland Company and Prime Offshore L.L.C. in favor of Compass Bank, as Administrative Agent for the Lenders (Incorporated by reference to Exhibit 10.22.5.11 to PrimeEnergy Corporation Form 10-K for the year ended December 31, 2016).
10.22.5.12    Amended, Restated and Consolidated Pledge and Security Agreement dated as of February  15, 2017, among PrimeEnergy Corporation, PrimeEnergy Management Corporation, Prime Operating Company, Eastern Oil Well Service Company, Southwest Oilfield Construction Company, EOWS Midland Company and Prime Offshore L.L.C. and Compass Bank, as Administrative Agent for the Secured Parties (Incorporated by reference to
Exhibit 10.22.5.12 to PrimeEnergy Corporation Form 10-K for the year ended December 31, 2016).
10.22.5.13    Amended, Restated and Consolidated Deed of Trust, Mortgage, Security Agreement, Assignment of Production and Financing Statement Dated as of May 5, 2017 (Incorporated by reference to Exhibit 10.22.5.13 to PrimeEnergy Corporation Form 10-Q for the quarter ended March 31, 2017).
10.22.5.14    Deed of Trust, Mortgage, Security Agreement, Assignment of Production and Financing Statement Dated as of May  5, 2017 (Incorporated by reference to Exhibit 10.22.5.14 to PrimeEnergy Corporation Form 10-Q for the quarter ended March 31, 2017).
10.22.5.15    Amended, Restated and Consolidated Mortgage of Oil and Gas Property, Security Agreement, Assignment of Production and Financing Statement Dated as of May 5, 2017 (Incorporated by reference to Exhibit 10.22.5.15 to PrimeEnergy Corporation Form 10-Q for the quarter ended March 31, 2017).
10.23.1    Loan and Security Agreement dated July  31, 2013, by and between JP Morgan Chase Bank, N.A. and Eastern Oil Well Service Company, EOWS Midland Company and Southwest Oilfield Construction Company (Incorporated by reference to Exhibit 10.23.1 to PrimeEnergy Corporation Form 10-Q for the quarter ended September 30, 2013).
10.23.2    Business Purpose Promissory Note dated July  31, 2013, made by Eastern Oil Well Service Company, EOWS Midland Company and Southwest Oilfield Construction Company to JP Morgan Chase Bank N.A. (Incorporated by reference to Exhibit 10.23.2 to PrimeEnergy Corporation Form 10-Q for the quarter ended September 30, 2013).
10.23.3    Guaranty dated July  31, 2013, made by PrimeEnergy Corporation in favor of JP Morgan Chase Bank, N.A. (Incorporated by reference to Exhibit 10.23.3 to PrimeEnergy Corporation Form  10-Q for the quarter ended September 30, 2013).

 

23


Table of Contents

Exhibit No.

    
10.23.4    Agreement of Equipment Substitution dated January  15, 2014, by and between JP Morgan Chase Bank, N.A. and Eastern Oil Well Service Company, EOWS Midland Company and Southwest Oilfield Construction Company (Incorporated by reference to Exhibit 10.23.4 to PrimeEnergy Corporation Form 10-Q for the quarter ended March 31, 2014).
10.24.1    Loan and Security Agreement dated July  29, 2014, by and between JP Morgan Chase Bank, N.A. and Eastern Oil Well Service Company, EOWS Midland Company and Southwest Oilfield Construction Company (Incorporated by reference to Exhibit 10.24.1 to PrimeEnergy Corporation Form 10-Q for the quarter ended September 30, 2014).
10.24.2    Business Purpose Promissory Note dated July  29, 2014, made by Eastern Oil Well Service Company, EOWS Midland Company and Southwest Oilfield Construction Company to JP Morgan Chase Bank N.A. (Incorporated by reference to Exhibit 10.24.2 to PrimeEnergy Corporation Form 10-Q for the quarter ended September 30, 2014).
10.24.3    Guaranty dated July  29, 2014, made by PrimeEnergy Corporation in favor of JP Morgan Chase Bank, N.A. (Incorporated by reference to Exhibit 10.24.3 to PrimeEnergy Corporation Form 10-Q for the quarter ended
September 30, 2014).
10.25    Purchase and Sale Agreement dated as of January  25, 2017, among PrimeEnergy Corporation, PrimeEnergy Management Corporation, PrimeEnergy Operating Company, PrimeEnergy Asset and Income Fund, L.P. A-2, PrimeEnergy Asset and Income Fund, L.P. A-3, PrimeEnergy Asset and Income Fund, L.P. AA-2, and PrimeEnergy Asset and Income Fund, L.P. AA-4, as Sellers and Guidon Operating LLC, as Purchaser (Incorporated by reference to Exhibit 10.25 to PrimeEnergy Corporation Form 10-K for the year ended December 31, 2016).
31.1    Certification of Chief Executive Officer pursuant to Rule 13(a)-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended (filed herewith).
31.2    Certification of Chief Financial Officer pursuant to Rule 13(a)-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended (filed herewith).
32.1    Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith).
32.2    Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith).
101.INS    XBRL (eXtensible Business Reporting Language) Instance Document (filed herewith)
101.SCH    XBRL Taxonomy Extension Schema Document (filed herewith)
101.CAL    XBRL Taxonomy Extension Calculation Linkbase Document (filed herewith)
101.DEF    XBRL Taxonomy Extension Definition Linkbase Document (filed herewith)
101.LAB    XBRL Taxonomy Extension Label Linkbase Document (filed herewith)
101.PRE    XBRL Taxonomy Extension Presentation Linkbase Document (filed herewith)

 

24


Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

 

    PrimeEnergy Corporation
    (Registrant)
November 16, 2018    

/s/ Charles E. Drimal, Jr.

(Date)     Charles E. Drimal, Jr.
    President
    Principal Executive Officer
November 16, 2018    

/s/ Beverly A. Cummings

(Date)     Beverly A. Cummings
    Executive Vice President
   

Principal Financial Officer

 

 

25

EX-31.1 2 d644885dex311.htm EX-31.1 EX-31.1

EXHIBIT 31.1

CERTIFICATIONS

I, Charles E. Drimal, Jr., Chief Executive Officer of PrimeEnergy Corporation, certify that:

 

  1.

I have reviewed this Form 10-Q for the quarter ended September 30, 2018 of PrimeEnergy Corporation;

 

  2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

  4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  (a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

  (d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

  5.

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

November 16, 2018

 

/s/ Charles E. Drimal, Jr.

Charles E. Drimal, Jr.
Chief Executive Officer
PrimeEnergy Corporation
EX-31.2 3 d644885dex312.htm EX-31.2 EX-31.2

EXHIBIT 31.2

CERTIFICATIONS

I, Beverly A. Cummings, Chief Financial Officer of PrimeEnergy Corporation, certify that:

 

  1.

I have reviewed this Form 10-Q for the quarter ended September 30, 2018 of PrimeEnergy Corporation;

 

  2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

  4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  (a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

  (d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

  5.

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

November 16, 2018

 

/s/ Beverly A. Cummings

Beverly A. Cummings
Chief Financial Officer
PrimeEnergy Corporation

 

EX-32.1 4 d644885dex321.htm EX-32.1 EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of PrimeEnergy Corporation (the “Company”) on Form 10-Q for the period ending September 30, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Charles E. Drimal Jr., Chief Executive Officer of PrimeEnergy Corporation, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

  (1)

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

  (2)

The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

/s/ Charles E. Drimal, Jr.

Charles E. Drimal, Jr.

Chief Executive Officer

November 16, 2018
EX-32.2 5 d644885dex322.htm EX-32.2 EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of PrimeEnergy Corporation (the “Company”) on Form 10-Q for the period ending September 30, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Beverly A. Cummings, Chief Financial Officer of PrimeEnergy Corporation, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

  (1)

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

  (2)

The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

/s/ Beverly A. Cummings

Beverly A. Cummings

Chief Financial Officer

November 16, 2018
EX-101.INS 6 pnrg-20180930.xml XBRL INSTANCE DOCUMENT 300000000 85000000 2049478 4 6000000 90000000 0.0340 1200000 9920000 82704000 767500 767500 1.25 1.00 3941000 0.0498 8840000 3836397 383000 74320000 8344000 116970000 -51473000 10615000 1153000 14897000 2665000 248203000 1404000 2387000 98000 15264000 19828000 23324000 14799000 20192000 8772000 22493000 7669000 4000000 2061805 0.10 3836397 383000 27325000 68000 8028000 3226000 11254000 -11186000 30000 145061000 248203000 37550000 499958000 69000 948000 6975000 56577000 218134000 281824000 441000 222000 149000 785000 856000 555000 1873000 17000 133000 6596000 361000 224730000 145435000 103142000 1774592 58423000 96167000 12092000 114000 7944000 26788000 2207000 10456000 13000 55000 561000 7420000 47000 83000 3143000 767500 767500 1.25 1.00 1025000 922000 0.0522 56500000 33500000 0.0530 68000 11254000 68000 11254000 -11186000 68000 11254000 68000 11254000 464 8772000 3836397 383000 96167000 6975000 145435000 -58423000 6568000 65880000 8313000 3836397 383000 58545000 7335000 96322000 -46473000 24615000 14317000 17059000 2309000 246765000 1890000 2449000 4180000 98000 16294000 21269000 26631000 16961000 19267000 8729000 23578000 8438000 4000000 2169370 0.10 3836397 383000 24962000 388000 1509000 1913000 3422000 -3034000 65000 144326000 246765000 47170000 476570000 2378000 7130000 48459000 213001000 263569000 159000 524000 1232000 553000 3173000 6974000 4000 219975000 138320000 102439000 1667027 52123000 95309000 9141000 67000 8341000 26241000 941000 12941000 44000 344000 1504000 4000 1910000 4000 388000 3422000 388000 3422000 -3034000 388000 3422000 388000 3422000 8729000 3836397 383000 95309000 7130000 138320000 -52123000 0.0350 2017-02-15 2021-02-15 8700 20858 7986 2020-06-26 3352000 9152000 60909000 10425000 3043000 23821000 6.94 9.29 2588000 -49000 42078000 6878000 3870000 12407000 1337000 31000 -1659000 2922000 8771000 1164000 1762000 6920000 509000 60000 -24991000 20648000 20648000 4410000 21423000 20648000 5646000 5000000 60000 4410000 40360000 21058000 169000 26294000 40057000 52000000 46977000 59191000 67521000 101207 750731 3092000 2974130 2223399 5000000 81000 1383000 -130000 1709000 4758000 12176000 7665000 27479000 3901000 60000 -127000 -127000 20648000 101207 5000000 187000 4410000 5646000 20648000 101207 5000000 false 1967000 840000 42000 -769000 10157000 71500000 --12-31 2363000 -11077000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>(11) Earnings Per Share:</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> Basic earnings per share are computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the period.&#xA0;Diluted earnings per share reflect per share amounts that would have resulted if dilutive potential common stock had been converted to common stock in gain periods.&#xA0;The following reconciles amounts reported in the financial statements:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"> <tr> <td width="52%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="22" align="center"><b>Nine months Ended September&#xA0;30,</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="10" align="center"><b>2018</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="10" align="center"><b>2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Net&#xA0;Income<br /> (In 000&#x2019;s)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Weighted<br /> Average<br /> Number of<br /> Shares<br /> Outstanding</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Per&#xA0;Share<br /> Amount</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Net&#xA0;Income<br /> (In 000&#x2019;s)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Weighted<br /> Average<br /> Number of<br /> Shares<br /> Outstanding</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Per&#xA0;Share<br /> Amount</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Basic</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">7,115</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,102,853</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">3.38</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">20,648</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,223,399</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">9.29</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Effect of dilutive securities: Options</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">754,558</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">750,731</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Diluted</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">7,115</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,857,411</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2.49</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">20,648</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,974,130</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">6.94</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 1pt"> <td height="16"></td> <td height="16" colspan="24"></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="22" align="center"><b>Three Months Ended September,</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="10" align="center"><b>2018</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="10" align="center"><b>2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Net&#xA0;Income<br /> (In 000&#x2019;s)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Weighted<br /> Average<br /> Number of<br /> Shares<br /> Outstanding</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Per&#xA0;Share<br /> Amount</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Net&#xA0;Income<br /> (In 000&#x2019;s)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Weighted<br /> Average<br /> Number of<br /> Shares<br /> Outstanding</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Per&#xA0;Share<br /> Amount</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Basic</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">4,353</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,069,231</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2.10</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(2,012</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,187,894</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.92</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Effect of dilutive securities: Options (a)</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">756,366</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Diluted</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">4,353</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,825,597</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1.54</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(2,012</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,187,894</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.92</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="break-inside: avoid"> <td valign="top" width="4%" align="left">(a)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="left">The effect of the 767,500 outstanding stock option is anti-dilutive for the three months ended September&#xA0;30, 2017 due to net loss for the period.</p> </td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> This Report may contain statements relating to the future results of the Company that are considered &#x201C;forward-looking statements&#x201D; as defined in the Private Securities Litigation Reform Act of 1995 (the &#x201C;PSLRA&#x201D;). In addition, certain statements may be contained in the Company&#x2019;s future filings with the SEC, in press releases, and in oral and written statements made by or with the approval of the Company that are not statements of historical fact and constitute forward-looking statements within the meaning of the PSLRA. Such forward-looking statements, in addition to historical information, which involve risk and uncertainties, are based on the beliefs, assumptions and expectations of management of the Company. Words such as &#x201C;expects&#x201D;, &#x2018;believes&#x201D;, &#x201C;should&#x201D;, &#x201C;plans&#x201D;, &#x201C;anticipates&#x201D;, &#x201C;will&#x201D;, &#x201C;potential&#x201D;, &#x201C;could&#x201D;, &#x201C;intend&#x201D;, &#x201C;may&#x201D;, &#x201C;outlook&#x201D;, &#x201C;predict&#x201D;, &#x201C;project&#x201D;, &#x201C;would&#x201D;, &#x201C;estimates&#x201D;, &#x201C;assumes&#x201D;, &#x201C;likely&#x201D; and variations of such similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate.&#xA0;Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company&#x2019;s oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company&#x2019;s ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected. The forward-looking statements are made as of the date of this Report and other than as required by the federal securities laws, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.</p> <p>&#xA0;</p> </div> 23715000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>(8) Stock Options and Other Compensation:</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In May 1989,&#xA0;<font style="WHITE-SPACE: nowrap">non-statutory</font>&#xA0;stock options were granted by the Company to four key executive officers for the purchase of shares of common stock. At September&#xA0;30, 2018 and 2017, remaining options held by two key executive officers on 767,500 shares were outstanding and exercisable at prices ranging from $1.00 to $1.25. According to their terms, the options have no expiration date.</p> </div> Q3 2018 10-Q PRIMEENERGY CORP true <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>(10) Financial Instruments</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 62px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b><i>Fair Value Measurements:</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> Authoritative guidance on fair value measurements defines fair value, establishes a framework for measuring fair value and stipulates the related disclosure requirements. The Company follows a three-level hierarchy, prioritizing and defining the types of inputs used to measure fair value. The fair values of the natural gas, crude oil price swaps and natural gas liquid swaps are designated as Level&#xA0;3. The following fair value hierarchy table presents information about the Company&#x2019;s assets and liabilities measured at fair value on a recurring basis at September&#xA0;30, 2018 and December&#xA0;31, 2017:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="50%"></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt; DISPLAY: table-cell"> <b>September 30, 2018</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Quoted&#xA0;Prices&#xA0;in<br /> Active&#xA0;Markets<br /> For&#xA0;Identical<br /> Assets&#xA0;(Level 1)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Significant<br /> Other<br /> Observable<br /> Inputs&#xA0;(Level&#xA0;2)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Significant<br /> Unobservable<br /> Inputs&#xA0;(Level&#xA0;3)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Balance&#xA0;at<br /> September&#xA0;30,<br /> 2018</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Assets</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Commodity derivative contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">68</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">68</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total assets</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">68</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">68</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Liabilities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Commodity derivative contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11,254</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11,254</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total liabilities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11,254</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11.254</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 1pt"> <td height="16"></td> <td height="16" colspan="4"></td> <td height="16" colspan="4"></td> <td height="16" colspan="4"></td> <td height="16" colspan="4"></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt; DISPLAY: table-cell"> <b>December&#xA0;31, 2017</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Quoted&#xA0;Prices&#xA0;in<br /> Active&#xA0;Markets<br /> For&#xA0;Identical<br /> Assets&#xA0;(Level&#xA0;1)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Significant<br /> Other<br /> Observable<br /> Inputs&#xA0;(Level&#xA0;2)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Significant<br /> Unobservable<br /> Inputs&#xA0;(Level&#xA0;3)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Balance&#xA0;at<br /> December&#xA0;31,<br /> 2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> (Thousands of dollars)</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Assets</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Commodity derivative contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">388</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">388</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total assets</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">388</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">388</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Liabilities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Commodity derivative contract</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt"> $</p> </td> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="right">&#x2014;&#xA0;&#xA0;</p> </td> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,422</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,422</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total liabilities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,422</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,422</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The derivative contracts were measured based on quotes from the Company&#x2019;s counterparties. Such quotes have been derived using valuation models that consider various inputs including current market and contractual prices for the underlying instruments, quoted forward prices for natural gas , crude oil, natural gas liquids, volatility factors and interest rates, such as a LIBOR curve for a similar length of time as the derivative contract term as applicable. These estimates are verified using comparable NYMEX futures contracts or are compared to multiple quotes obtained from counterparties for reasonableness.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The significant unobservable inputs for Level&#xA0;3 derivative contracts include basis differentials and volatility factors. An increase (decrease) in these unobservable inputs would result in an increase (decrease) in fair value, respectively. The Company does not have access to the specific assumptions used in its counterparties&#x2019; valuation models. Consequently, additional disclosures regarding significant Level&#xA0;3 unobservable inputs were not provided.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level&#xA0;3 in the fair value hierarchy for the nine months ended September&#xA0;30, 2018.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td width="87%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Net Liabilities &#x2013; December&#xA0;31, 2017</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,034</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total realized and unrealized gains (losses):</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Included in earnings (a)</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(11,077</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Purchases, sales, issuances and settlements</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,925</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Net Liabilities &#x2013; September&#xA0;30, 2018</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11,186</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="break-inside: avoid"> <td valign="top" width="4%" align="left">a)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="left">Derivative instruments are reported in revenues as realized gain (loss) and on a separately reported line item captioned unrealized gain (loss) on derivative instruments.</p> </td> </tr> </table> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18px; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 62px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b><i>Derivative Instruments:</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The Company is exposed to commodity price and interest rate risk, and management considers periodically the Company&#x2019;s exposure to cash flow variability resulting from the commodity price changes and interest rate fluctuations. Futures, swaps and options are used to manage the Company&#x2019;s exposure to commodity price risk inherent in the Company&#x2019;s oil and gas production operations. The Company does not apply hedge accounting to any of its commodity based derivatives. Both realized and unrealized gains and losses associated with commodity derivative instruments are recognized in earnings.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The following table sets forth the effect of derivative instruments on the consolidated balance sheets at September 30, 2018 and December&#xA0;31, 2017:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="84%" align="center" border="0"> <tr> <td width="55%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="6" align="center"><b>Fair Value</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"> <b>Balance&#xA0;Sheet&#xA0;Location</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>September&#xA0;30,<br /> 2018</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>December&#xA0;31,<br /> 2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <b>Asset Derivatives:</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Derivatives not designated as cash-flow hedging instruments:</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">Other Current Assets</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">55</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas liquid contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">Other Current Assets</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Crude oil commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">Other Current Assets</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">344</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">Other Assets</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">13</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">44</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas liquid contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">Other Assets</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">68</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">388</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <b>Liability Derivatives:</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Derivatives not designated as cash-flow hedging instruments:</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Crude oil commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"><font style="WHITE-SPACE: nowrap">Derivative&#xA0;liability&#xA0;short-term</font></td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(7,420)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(1,504)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> Derivative&#xA0;liability&#xA0;short-term</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(47)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(4)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas liquid contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> Derivative&#xA0;liability&#xA0;short-term</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(561)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Crude oil commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> Derivative&#xA0;liability&#xA0;long-term</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(3,143)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(1,910)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> Derivative&#xA0;liability&#xA0;long-term</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(4)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas liquid contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> Derivative&#xA0;liability&#xA0;long-term</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(83)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">&#xA0;(11,254)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">&#xA0;(3,422)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total derivative instruments</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11,186)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">&#xA0;(3,034)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 8%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The following table sets forth the effect of derivative instruments on the consolidated statements of operations for the nine month period ended September&#xA0;30, 2018 and 2017:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="84%" align="center" border="0"> <tr> <td width="42%"></td> <td valign="bottom" width="3%"></td> <td width="38%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom" rowspan="2">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" rowspan="2" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="center"> <b>Location&#xA0;of&#xA0;gain&#xA0;(loss)&#xA0;recognized&#xA0;in&#xA0;income</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="6" align="center"><b>Amount&#xA0;of&#xA0;gain/loss<br /> recognized&#xA0;in&#xA0;income</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt; DISPLAY: table-cell"> <i>(Thousands of dollars)</i></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>2018</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Derivatives not designated as cash-flow hedge instruments:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas commodity contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">Unrealized&#xA0;(loss)&#xA0;gain&#xA0;on derivative instruments, net</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(359</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,709</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Crude oil commodity contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">Unrealized (loss) gain on derivative instruments, net</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(7,148</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,383</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas liquids contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">Unrealized gain on derivative instruments, net</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(645</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas commodity contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">Realized (loss) on derivative instruments, net</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">124</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(130</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Crude oil commodity contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">Realized (loss) on derivative instruments, net</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(2,895</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">81</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas liquids contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">Realized gain on derivative instruments, net</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(154</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11,077</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,043</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> </table> <br class="Apple-interchange-newline" /> <p>&#xA0;</p> </div> 2.49 0000056868 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level&#xA0;3 in the fair value hierarchy for the nine months ended September&#xA0;30, 2018.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td width="87%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Net Liabilities &#x2013; December&#xA0;31, 2017</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,034</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total realized and unrealized gains (losses):</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Included in earnings (a)</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(11,077</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Purchases, sales, issuances and settlements</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,925</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Net Liabilities &#x2013; September&#xA0;30, 2018</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11,186</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="break-inside: avoid"> <td valign="top" width="4%" align="left">a)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="left">Derivative instruments are reported in revenues as realized gain (loss) and on a separately reported line item captioned unrealized gain (loss) on derivative instruments.</p> </td> </tr> </table> <p>&#xA0;</p> </div> 2018-09-30 3.38 false Non-accelerated Filer 4340000 -2925000 3168000 10761000 34000 9345000 2332000 -14000000 -35000 -2613000 -2162000 -1030000 -376000 2761000 -26694000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>(5) Long-Term Debt:</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 31px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b><i>Bank Debt:</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> On February&#xA0;15, 2017, the Company and its lenders entered into a Third Amended and Restated Credit Agreement (the &#x201C;2017 Credit Agreement&#x201D;) with a maturity date of February&#xA0;15, 2021. The Second Amended and Restated Credit Agreement and subsequent amendments were amended and restated by the 2017 Credit Agreement. Pursuant to the terms and conditions of the 2017 Credit Agreement, the Company has a revolving line of credit and letter of credit facility of up to $300&#xA0;million subject to a borrowing base that is determined semi-annually by the lenders based upon the Company&#x2019;s financial statements and the estimated value of the Company&#x2019;s oil and gas properties, in accordance with the Lenders&#x2019; customary practices for oil and gas loans. The credit facility is secured by substantially all of the Company&#x2019;s oil and gas properties. The 2017 Credit Agreement includes terms and covenants that require the Company to maintain a minimum current ratio, total indebtedness to EBITDAX (earnings before depreciation, depletion, amortization, taxes, interest expense and exploration costs) ratio and interest coverage ratio, as defined, and restrictions are placed on the payment of dividends, the amount of treasury stock the Company may purchase, commodity hedge agreements, and loans and investments in its consolidated subsidiaries and limited partnerships.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12px; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> On December&#xA0;22, 2017, the Company and its lenders entered into a First Amendment to the Third Amended and Restated Credit Agreement. The credit agreement includes the addition of a new lender and retains all other aspects of the original credit agreement. As of the effective date of this amendment the Company&#x2019;s borrowing base was increased to $85&#xA0;million.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> On July&#xA0;17, 2018, the Company and its lenders entered into a Second Amendment to the Third Amended and Restated Credit Agreement. The credit agreement includes modifications for the borrowing base utilization margins and rates by type of borrowing, revises minimum quantifications for individual borrowings, reduces the overall&#xA0;&#xA0;&#xA0;&#xA0;percentage required for commodity hedge agreements, modifies the requirements placed on the companies&#x2019; ability to purchase equity interests and retains all other aspects of the original credit agreement. As of the effective date of this amendment the Company&#x2019;s borrowing base was increased to $90&#xA0;million.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> At September&#xA0;30, 2018, the Company had a total of $56.5&#xA0;million of borrowings outstanding under its revolving credit facility at a weighted-average interest rate of 5.22% and $33.5&#xA0;million available for future borrowings. The combined weighted average interest rate paid on outstanding bank borrowings subject to base rate and LIBO interest was 5.30% for the nine months ended September&#xA0;30, 2018 as compared to 4.98% for nine months ended September&#xA0;30, 2017. The Company&#x2019;s borrowings under this credit facility approximates fair value because the interest rates are variable and reflective of market rates.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b><i>Equipment Loans:</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> On July&#xA0;29, 2014, the Company entered into additional equipment financing facilities (&#x201C;Additional Equipment Loans&#x201D;) totaling $6.0&#xA0;million with JP Morgan Chase Bank. In August 2014, the Company drew down $4.8&#xA0;million of this facility that is secured by field service equipment, carries an interest rate of 3.40%&#xA0;per annum, requires monthly payments (principal and interest) of $87,800, and has a final maturity date of July&#xA0;31, 2019. The remaining $1.2&#xA0;million under the Additional Equipment Loans was available for interim draws to finance the acquisition of any future field service equipment. In December 2014, the Company made an interim draw of an additional $0.5&#xA0;million on this facility that is secured by recently purchased field service equipment. Interim draws on this facility carried a floating interest rate; payable monthly at the LIBO published rate plus 2.50% and on June&#xA0;26, 2015 converted into a fixed term loan, with a rate of 3.50% and requiring monthly payments (principal and interest) of $8,700 with a final maturity date of June&#xA0;26, 2020. As of September&#xA0;30, 2018, the Company had a total of $1.025&#xA0;million outstanding on the Additional Equipment Loans.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> On January&#xA0;12, 2018, the Company made a principal payment towards the third interim loan in the amount of $20,858. Effective with the payment due of January&#xA0;26, 2018 the required monthly payments (principal and interest) on this loan changed to $7,986 with a continuing effective rate of 3.50% and a final maturity of June&#xA0;26, 2020.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The Company determined these loans are Level&#xA0;3 liabilities in the fair-value hierarchy and estimated their fair value as $922&#xA0;thousand and $3.941&#xA0;million at September 30, 2018 and 2017, respectively, using a discounted cash flow model.</p> </div> 396000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The future minimum lease payments for the rest of fiscal 2018 and thereafter for the operating leases are as follows:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td width="87%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Operating<br /> Leases</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> 2018</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">133</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> 2019</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">222</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> 2020</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">69</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> 2021</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">17</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total minimum payments</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">441</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <br class="Apple-interchange-newline" /> <p>&#xA0;</p> </div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>(1) Basis of Presentation:</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The accompanying condensed consolidated financial statements of PrimeEnergy Corporation (&#x201C;PrimeEnergy&#x201D; or the &#x201C;Company&#x201D;) have not been audited by independent public accountants. Pursuant to applicable Securities and Exchange Commission (&#x201C;SEC&#x201D;) rules and regulations, the accompanying interim financial statements do not include all disclosures presented in annual financial statements and the reader should refer to the Company&#x2019;s Form&#xA0;<font style="WHITE-SPACE: nowrap">10-K</font>&#xA0;for the year ended December&#xA0;31, 2017. In the opinion of management, the accompanying interim condensed consolidated financial statements contain all material adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the Company&#x2019;s condensed consolidated balance sheets as of September&#xA0;30, 2018 and December&#xA0;31, 2017, the condensed consolidated results of operations, cash flows and equity for the nine months ended September&#xA0;30, 2018 and 2017.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> As of&#xA0;September 30, 2018, PrimeEnergy&#x2019;s significant accounting policies are consistent with those discussed in Note 1&#x2014;Description of Operations and Significant Accounting Policies of its consolidated financial statements contained in PrimeEnergy&#x2019;s Annual Report on Form&#xA0;<font style="WHITE-SPACE: nowrap">10-K</font>&#xA0;for the fiscal year ended&#xA0;December&#xA0;31, 2017, with the exception of Accounting Standards Update (ASU)&#xA0;<font style="WHITE-SPACE: nowrap">2014-09,</font>&#xA0;&#x201C;Revenue from Contracts with Customers (Topic 606)&#x201D; discussed below. Certain amounts presented in prior period financial statements have been reclassified for consistency with current period presentation. The results for interim periods are not necessarily indicative of annual results. For purposes of disclosure in the condensed consolidated financial statements, subsequent events have been evaluated through the date the statements were issued.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>Recently Adopted Accounting Pronouncements</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> On January&#xA0;1, 2018, PrimeEnergy adopted ASU&#xA0;<font style="WHITE-SPACE: nowrap">2014-09,</font>&#xA0;&#x201C;Revenue from Contracts with Customers (ASC 606),&#x201D; using the modified retrospective method. The Company elected to evaluate all contracts at the date of initial application. While there was no impact to the opening balance of retained earnings as a result of the adoption, certain items previously netted in revenue are now recognized as lease operating expense in the Company&#x2019;s statement of consolidated operations. The amounts are immaterial to the financial statements, and prior comparative periods have not been restated and continue to be reported under the accounting standards in effect for those periods. Adoption of the new standard is not anticipated to have a material impact on the Company&#x2019;s net earnings on an ongoing basis.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The Company applies the provisions of ASC 606 for revenue recognition to contracts with customers. Sales of crude oil, natural gas, and natural gas liquids (NGLs) are included in revenue when production is sold to a customer in fulfillment of performance obligations under the terms of agreed contracts. Performance obligations primarily comprise delivery of oil, gas, or NGLs at a delivery point, as negotiated within each contract. Each barrel of oil, million Btu (MMBtu) of natural gas, or other unit of measure is separately identifiable and represents a distinct performance obligation to which the transaction price is allocated. Performance obligations are satisfied at a point in time once control of the product has been transferred to the customer. The Company considers a variety of facts and circumstances in assessing the point of control transfer, including but not limited to: whether the purchaser can direct the use of the hydrocarbons, the transfer of significant risks and rewards, the Company&#x2019;s right to payment, and transfer of legal title. In each case, the term between delivery and when payments are due is not significant.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> PrimeEnergy records trade accounts receivable for its unconditional rights to consideration arising under sales contracts with customers. The carrying value of such receivables, net of the allowance for doubtful accounts, represents estimated net realizable value. The Company routinely assesses the collectability of all material trade and other receivables. The Company accrues a reserve on a receivable when, based on the judgment of management, it is probable that a receivable will not be collected and the amount of any reserve may be reasonably estimated. PrimeEnergy has concluded that the disaggregation of revenue by product appropriately depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 75px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b><i>Practical Expedients and Exemptions</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> PrimeEnergy does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or contracts for which variable consideration is allocated entirely to a wholly unsatisfied performance obligation.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> PrimeEnergy will utilize the practical expedient to expense incremental costs of obtaining a contract if the expected amortization period is one year or less. Costs to obtain a contract with expected amortization periods of greater than one year will be recorded as an asset and will be recognized in accordance with ASC 340, &#x201C;Other Assets and Deferred Costs.&#x201D; Currently, the Company does not have contract assets related to incremental costs to obtain a contract.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18px; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>New Pronouncements Issued But Not Yet Adopted</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In February 2016, the Financial Accounting Standards Board (FASB) issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2016-02,</font>&#xA0;&#x201C;Leases (Topic 842),&#x201D; requiring lessees to recognize lease assets and lease liabilities for most leases classified as operating leases under previous GAAP. The guidance is effective for fiscal years beginning after December&#xA0;15, 2018. Early adoption is permitted; however, the Company does not intend to early adopt. In January 2018, the FASB issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-01,</font>&#xA0;which permits an entity an optional election to not evaluate under ASU&#xA0;<font style="WHITE-SPACE: nowrap">2016-02</font>&#xA0;those existing or expired land easements that were not previously accounted for as leases prior to the adoption of ASU&#xA0;<font style="WHITE-SPACE: nowrap">2016-02.</font>&#xA0;In July 2018, the FASB issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-11,</font>&#xA0;which adds a transition option permitting entities to apply the provisions of the new standard at its adoption date instead of the earliest comparative period presented in the consolidated financial statements. Under this transition option, comparative reporting would not be required, and the provisions of the standard would be applied prospectively to leases in effect at the date of adoption. The Company intends to elect both transitional practical expedients.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In the normal course of business, the Company enters into various lease agreements for office space and equipment related to its exploration and development activities that are currently accounted for as operating leases. At this time, the Company cannot reasonably estimate the financial impact this will have on its consolidated financial statements; however, the Company believes adoption and implementation of this ASU will not significantly impact its balance sheet.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In June 2018, the FASB issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-07,</font>&#xA0;&#x201C;Improvements to Nonemployee Share-Based Payment Accounting,&#x201D; to simplify the accounting for share-based transactions by expanding the scope of Topic 718 from only being applicable to share-based payments to employees to also include share-based payment transactions for acquiring goods and services from nonemployees. As a result, the same guidance that provides for employee share-based payments, including most of the requirements related to classification and measurement, applies to nonemployee share-based payment arrangements. ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-07</font>&#xA0;is effective for financial statements issued for annual periods beginning after December&#xA0;15, 2018 and interim periods within those annual periods. Early adoption is permitted. The Company anticipates adopting this guidance for the first quarter of 2019 and does not expect it to have a material impact on its consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In August 2018, the FASB issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-13,</font>&#xA0;&#x201C;Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement,&#x201D; which changes the disclosure requirements for fair value measurements by removing, adding, and modifying certain disclosures. ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-13</font>&#xA0;is effective for financial statements issued for annual periods beginning after December&#xA0;15, 2019, and interim periods within those annual periods. Early adoption is permitted. The company is currently evaluating the impact of adoption of this ASU on its related disclosures and does not expect it to have a material impact on its financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In August 2018, the FASB issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-15,</font>&#xA0;&#x201C;Customer&#x2019;s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.&#x201D; This pronouncement clarifies the requirements for capitalizing implementation costs in cloud computing arrangements and aligns them with the requirements for capitalizing implementation costs incurred to develop or obtain&#xA0;<font style="WHITE-SPACE: nowrap">internal-use</font>&#xA0;software. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December&#xA0;15, 2019. Early adoption is permitted, including adoption in any interim period for which financial statements have not been issued. The Company is currently evaluating the impact of adoption of this ASU on its consolidated financial statements and does not expect it to have a material impact.</p> </div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <font size="2"><b>(7) Contingent Liabilities:</b></font></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <font size="2">The Company, as managing general partner of the affiliated Partnerships, is responsible for all Partnership activities, including the drilling of development wells and the production and sale of oil and gas from productive wells. The Company also provides the administration, accounting and tax preparation work for the Partnerships, and is liable for all debts and liabilities of the affiliated Partnerships, to the extent that the assets of a given limited Partnership are not sufficient to satisfy its obligations.</font></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <font size="2">The Company is subject to environmental laws and regulations. Management believes that future expenses, before recoveries from third parties, if any, will not have a material effect on the Company&#x2019;s financial condition. This opinion is based on expenses incurred to date for remediation and compliance with laws and regulations, which have not been material to the Company&#x2019;s results of operations.</font></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <font size="2">From time to time, the Company is party to certain legal actions arising in the ordinary course of business. While the outcome of these events cannot be predicted with certainty, management does not expect these matters to have a materially adverse effect on the financial position or results of operations of the Company.</font></p> </div> 10000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>(2) Acquisitions and Dispositions:</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Historically the Company has repurchased the interests of the partners and trust unit holders in the oil and gas limited partnerships (the &#x201C;Partnerships&#x201D;) and the asset and business income trusts (the &#x201C;Trusts&#x201D;) managed by the Company as general partner and as managing trustee, respectively. The Company purchased such interests in amounts totaling $10,000 and $60,000 for the nine months ended September&#xA0;30, 2018 and 2017, respectively.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> During the nine months ended September&#xA0;30, 2018, The Company sold or farmed out interests in certain <font style="WHITE-SPACE: nowrap">non-core</font> undeveloped and developed oil and natural gas properties through a number of individually negotiated transactions in exchange for cash and a royalty or working interest in Oklahoma, Kansas, Colorado, Texas and Wyoming. Proceeds under these agreements were $3.0&#xA0;million. During this same time period the Company acquired approximately 464 net mineral acres and working interest in 53 oil and gas wells ranging from 16.6% to 33.4%, plus one commercial salt water disposal well, for a total of $6,080,000. This acreage and group of wells are all operated by the Company and located in Reagan County, Texas, where future horizontal drilling will likely occur.</p> </div> 378000 7115000 7115000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>Recently Adopted Accounting Pronouncements</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> On January&#xA0;1, 2018, PrimeEnergy adopted ASU&#xA0;<font style="WHITE-SPACE: nowrap">2014-09,</font>&#xA0;&#x201C;Revenue from Contracts with Customers (ASC 606),&#x201D; using the modified retrospective method. The Company elected to evaluate all contracts at the date of initial application. While there was no impact to the opening balance of retained earnings as a result of the adoption, certain items previously netted in revenue are now recognized as lease operating expense in the Company&#x2019;s statement of consolidated operations. The amounts are immaterial to the financial statements, and prior comparative periods have not been restated and continue to be reported under the accounting standards in effect for those periods. Adoption of the new standard is not anticipated to have a material impact on the Company&#x2019;s net earnings on an ongoing basis.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The Company applies the provisions of ASC 606 for revenue recognition to contracts with customers. Sales of crude oil, natural gas, and natural gas liquids (NGLs) are included in revenue when production is sold to a customer in fulfillment of performance obligations under the terms of agreed contracts. Performance obligations primarily comprise delivery of oil, gas, or NGLs at a delivery point, as negotiated within each contract. Each barrel of oil, million Btu (MMBtu) of natural gas, or other unit of measure is separately identifiable and represents a distinct performance obligation to which the transaction price is allocated. Performance obligations are satisfied at a point in time once control of the product has been transferred to the customer. The Company considers a variety of facts and circumstances in assessing the point of control transfer, including but not limited to: whether the purchaser can direct the use of the hydrocarbons, the transfer of significant risks and rewards, the Company&#x2019;s right to payment, and transfer of legal title. In each case, the term between delivery and when payments are due is not significant.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> PrimeEnergy records trade accounts receivable for its unconditional rights to consideration arising under sales contracts with customers. The carrying value of such receivables, net of the allowance for doubtful accounts, represents estimated net realizable value. The Company routinely assesses the collectability of all material trade and other receivables. The Company accrues a reserve on a receivable when, based on the judgment of management, it is probable that a receivable will not be collected and the amount of any reserve may be reasonably estimated. PrimeEnergy has concluded that the disaggregation of revenue by product appropriately depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 75px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b><i>Practical Expedients and Exemptions</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> PrimeEnergy does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or contracts for which variable consideration is allocated entirely to a wholly unsatisfied performance obligation.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> PrimeEnergy will utilize the practical expedient to expense incremental costs of obtaining a contract if the expected amortization period is one year or less. Costs to obtain a contract with expected amortization periods of greater than one year will be recorded as an asset and will be recognized in accordance with ASC 340, &#x201C;Other Assets and Deferred Costs.&#x201D; Currently, the Company does not have contract assets related to incremental costs to obtain a contract.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18px; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>New Pronouncements Issued But Not Yet Adopted</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In February 2016, the Financial Accounting Standards Board (FASB) issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2016-02,</font>&#xA0;&#x201C;Leases (Topic 842),&#x201D; requiring lessees to recognize lease assets and lease liabilities for most leases classified as operating leases under previous GAAP. The guidance is effective for fiscal years beginning after December&#xA0;15, 2018. Early adoption is permitted; however, the Company does not intend to early adopt. In January 2018, the FASB issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-01,</font>&#xA0;which permits an entity an optional election to not evaluate under ASU&#xA0;<font style="WHITE-SPACE: nowrap">2016-02</font>&#xA0;those existing or expired land easements that were not previously accounted for as leases prior to the adoption of ASU&#xA0;<font style="WHITE-SPACE: nowrap">2016-02.</font>&#xA0;In July 2018, the FASB issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-11,</font>&#xA0;which adds a transition option permitting entities to apply the provisions of the new standard at its adoption date instead of the earliest comparative period presented in the consolidated financial statements. Under this transition option, comparative reporting would not be required, and the provisions of the standard would be applied prospectively to leases in effect at the date of adoption. The Company intends to elect both transitional practical expedients.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In the normal course of business, the Company enters into various lease agreements for office space and equipment related to its exploration and development activities that are currently accounted for as operating leases. At this time, the Company cannot reasonably estimate the financial impact this will have on its consolidated financial statements; however, the Company believes adoption and implementation of this ASU will not significantly impact its balance sheet.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In June 2018, the FASB issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-07,</font>&#xA0;&#x201C;Improvements to Nonemployee Share-Based Payment Accounting,&#x201D; to simplify the accounting for share-based transactions by expanding the scope of Topic 718 from only being applicable to share-based payments to employees to also include share-based payment transactions for acquiring goods and services from nonemployees. As a result, the same guidance that provides for employee share-based payments, including most of the requirements related to classification and measurement, applies to nonemployee share-based payment arrangements. ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-07</font>&#xA0;is effective for financial statements issued for annual periods beginning after December&#xA0;15, 2018 and interim periods within those annual periods. Early adoption is permitted. The Company anticipates adopting this guidance for the first quarter of 2019 and does not expect it to have a material impact on its consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In August 2018, the FASB issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-13,</font>&#xA0;&#x201C;Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement,&#x201D; which changes the disclosure requirements for fair value measurements by removing, adding, and modifying certain disclosures. ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-13</font>&#xA0;is effective for financial statements issued for annual periods beginning after December&#xA0;15, 2019, and interim periods within those annual periods. Early adoption is permitted. The company is currently evaluating the impact of adoption of this ASU on its related disclosures and does not expect it to have a material impact on its financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In August 2018, the FASB issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-15,</font>&#xA0;&#x201C;Customer&#x2019;s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.&#x201D; This pronouncement clarifies the requirements for capitalizing implementation costs in cloud computing arrangements and aligns them with the requirements for capitalizing implementation costs incurred to develop or obtain&#xA0;<font style="WHITE-SPACE: nowrap">internal-use</font>&#xA0;software. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December&#xA0;15, 2019. Early adoption is permitted, including adoption in any interim period for which financial statements have not been issued. The Company is currently evaluating the impact of adoption of this ASU on its consolidated financial statements and does not expect it to have a material impact.</p> </div> 25547000 7115000 -102000 6300000 10000 11924000 26867000 59000 7013000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> Property and equipment at September&#xA0;30, 2018 and December&#xA0;31, 2017 consisted of the following:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="76%" align="center" border="0"> <tr> <td width="72%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>September&#xA0;30,<br /> 2018</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>December&#xA0;31,<br /> 2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Proved oil and gas properties, at cost</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">499,958</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">476,570</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Less: Accumulated depletion and depreciation</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(281,824</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(263,569</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Oil and Gas Properties, Net</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">218,134</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">213,001</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Field and office equipment</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">26,788</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">26,241</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Less: Accumulated depreciation</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(20,192</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(19,267</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Field and Office Equipment, Net</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">6,596</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">6,974</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total Property and Equipment, Net</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">224,730</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">219,975</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <br class="Apple-interchange-newline" /> </div> 29317000 42800000 2623000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>(9) Related Party Transactions:</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The Company, as managing general partner or managing trustee, makes an annual offer to repurchase the interests of the partners and trust unit holders in certain of the Partnerships and Trusts. The Company purchased interests totaling $10,000 and $60,000 for the nine months ended September&#xA0;30, 2018 and 2017, respectively.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> Payables owed to related parties primarily represent receipts collected by the Company as agent for the joint venture partners, which may include members of the Company&#x2019;s Board of Directors, for oil and gas sales net of expenses.</p> </div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>(4) Property and Equipment:</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> Property and equipment at September&#xA0;30, 2018 and December&#xA0;31, 2017 consisted of the following:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="76%" align="center" border="0"> <tr> <td width="72%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>September&#xA0;30,<br /> 2018</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>December&#xA0;31,<br /> 2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Proved oil and gas properties, at cost</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">499,958</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">476,570</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Less: Accumulated depletion and depreciation</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(281,824</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(263,569</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Oil and Gas Properties, Net</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">218,134</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">213,001</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Field and office equipment</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">26,788</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">26,241</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Less: Accumulated depreciation</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(20,192</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(19,267</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Field and Office Equipment, Net</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">6,596</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">6,974</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total Property and Equipment, Net</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">224,730</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">219,975</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <br class="Apple-interchange-newline" /></div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 8%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The following table sets forth the effect of derivative instruments on the consolidated statements of operations for the nine month period ended September&#xA0;30, 2018 and 2017:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="84%" align="center" border="0"> <tr> <td width="42%"></td> <td valign="bottom" width="3%"></td> <td width="38%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom" rowspan="2">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" rowspan="2" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="center"> <b>Location&#xA0;of&#xA0;gain&#xA0;(loss)&#xA0;recognized&#xA0;in&#xA0;income</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="6" align="center"><b>Amount&#xA0;of&#xA0;gain/loss<br /> recognized&#xA0;in&#xA0;income</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt; DISPLAY: table-cell"> <i>(Thousands of dollars)</i></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>2018</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Derivatives not designated as cash-flow hedge instruments:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas commodity contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">Unrealized&#xA0;(loss)&#xA0;gain&#xA0;on derivative instruments, net</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(359</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,709</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Crude oil commodity contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">Unrealized (loss) gain on derivative instruments, net</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(7,148</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,383</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas liquids contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">Unrealized gain on derivative instruments, net</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(645</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas commodity contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">Realized (loss) on derivative instruments, net</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">124</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(130</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Crude oil commodity contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">Realized (loss) on derivative instruments, net</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(2,895</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">81</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas liquids contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">Realized gain on derivative instruments, net</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(154</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11,077</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,043</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> </table> <br class="Apple-interchange-newline" /> <p>&#xA0;</p> </div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The following table sets forth the effect of derivative instruments on the consolidated balance sheets at September 30, 2018 and December&#xA0;31, 2017:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="84%" align="center" border="0"> <tr> <td width="55%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="6" align="center"><b>Fair Value</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"> <b>Balance&#xA0;Sheet&#xA0;Location</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>September&#xA0;30,<br /> 2018</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>December&#xA0;31,<br /> 2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <b>Asset Derivatives:</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Derivatives not designated as cash-flow hedging instruments:</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">Other Current Assets</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">55</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas liquid contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">Other Current Assets</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Crude oil commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">Other Current Assets</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">344</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">Other Assets</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">13</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">44</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas liquid contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">Other Assets</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">68</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">388</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <b>Liability Derivatives:</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Derivatives not designated as cash-flow hedging instruments:</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Crude oil commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"><font style="WHITE-SPACE: nowrap">Derivative&#xA0;liability&#xA0;short-term</font></td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(7,420)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(1,504)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> Derivative&#xA0;liability&#xA0;short-term</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(47)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(4)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas liquid contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> Derivative&#xA0;liability&#xA0;short-term</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(561)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Crude oil commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> Derivative&#xA0;liability&#xA0;long-term</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(3,143)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(1,910)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas commodity contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> Derivative&#xA0;liability&#xA0;long-term</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(4)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Natural gas liquid contracts</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> Derivative&#xA0;liability&#xA0;long-term</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(83)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">&#xA0;(11,254)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">&#xA0;(3,422)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total derivative instruments</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11,186)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">&#xA0;(3,034)</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <br class="Apple-interchange-newline" /></div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The following reconciles amounts reported in the financial statements:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"> <tr> <td width="52%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="22" align="center"><b>Nine months Ended September&#xA0;30,</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="10" align="center"><b>2018</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="10" align="center"><b>2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Net&#xA0;Income<br /> (In 000&#x2019;s)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Weighted<br /> Average<br /> Number of<br /> Shares<br /> Outstanding</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Per&#xA0;Share<br /> Amount</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Net&#xA0;Income<br /> (In 000&#x2019;s)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Weighted<br /> Average<br /> Number of<br /> Shares<br /> Outstanding</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Per&#xA0;Share<br /> Amount</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Basic</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">7,115</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,102,853</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">3.38</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">20,648</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,223,399</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">9.29</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Effect of dilutive securities: Options</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">754,558</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">750,731</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Diluted</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">7,115</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,857,411</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2.49</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">20,648</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,974,130</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">6.94</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 1pt"> <td height="16"></td> <td height="16" colspan="24"></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="22" align="center"><b>Three Months Ended September,</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="10" align="center"><b>2018</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="10" align="center"><b>2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Net&#xA0;Income<br /> (In 000&#x2019;s)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Weighted<br /> Average<br /> Number of<br /> Shares<br /> Outstanding</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Per&#xA0;Share<br /> Amount</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Net&#xA0;Income<br /> (In 000&#x2019;s)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Weighted<br /> Average<br /> Number of<br /> Shares<br /> Outstanding</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Per&#xA0;Share<br /> Amount</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Basic</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">4,353</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,069,231</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2.10</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(2,012</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,187,894</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.92</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Effect of dilutive securities: Options (a)</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">756,366</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Diluted</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">4,353</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,825,597</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1.54</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(2,012</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,187,894</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.92</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="break-inside: avoid"> <td valign="top" width="4%" align="left">(a)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="left">The effect of the 767,500 outstanding stock option is anti-dilutive for the three months ended September&#xA0;30, 2017 due to net loss for the period.</p> </td> </tr> </table> </div> 80256000 36112000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The following fair value hierarchy table presents information about the Company&#x2019;s assets and liabilities measured at fair value on a recurring basis at September&#xA0;30, 2018 and December&#xA0;31, 2017:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="50%"></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt; DISPLAY: table-cell"> <b>September 30, 2018</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Quoted&#xA0;Prices&#xA0;in<br /> Active&#xA0;Markets<br /> For&#xA0;Identical<br /> Assets&#xA0;(Level 1)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Significant<br /> Other<br /> Observable<br /> Inputs&#xA0;(Level&#xA0;2)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Significant<br /> Unobservable<br /> Inputs&#xA0;(Level&#xA0;3)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Balance&#xA0;at<br /> September&#xA0;30,<br /> 2018</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Assets</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Commodity derivative contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">68</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">68</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total assets</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">68</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">68</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Liabilities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Commodity derivative contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11,254</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11,254</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total liabilities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11,254</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(11.254</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 1pt"> <td height="16"></td> <td height="16" colspan="4"></td> <td height="16" colspan="4"></td> <td height="16" colspan="4"></td> <td height="16" colspan="4"></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt; DISPLAY: table-cell"> <b>December&#xA0;31, 2017</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Quoted&#xA0;Prices&#xA0;in<br /> Active&#xA0;Markets<br /> For&#xA0;Identical<br /> Assets&#xA0;(Level&#xA0;1)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Significant<br /> Other<br /> Observable<br /> Inputs&#xA0;(Level&#xA0;2)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Significant<br /> Unobservable<br /> Inputs&#xA0;(Level&#xA0;3)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Balance&#xA0;at<br /> December&#xA0;31,<br /> 2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> (Thousands of dollars)</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Assets</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Commodity derivative contracts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">388</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">388</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total assets</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">388</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">388</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Liabilities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Commodity derivative contract</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt"> $</p> </td> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="right">&#x2014;&#xA0;&#xA0;</p> </td> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,422</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,422</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total liabilities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,422</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,422</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <br class="Apple-interchange-newline" /> <p>&#xA0;</p> </div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> Certain balance sheet amounts are comprised of the following:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="76%" align="center" border="0"> <tr> <td width="72%"></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>September&#xA0;30,<br /> 2018</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>December&#xA0;31,<br /> 2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <u>Accounts Receivable</u>:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Joint interest billing</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,873</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,173</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Trade receivables</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,207</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">941</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Oil and gas sales</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">10,456</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">12,941</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Other</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">361</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">4</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">14,897</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">17,059</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Less: Allowance for doubtful accounts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(98</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(98</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">14,799</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">16,961</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <u>Accounts Payable</u>:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Trade</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,153</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">14,317</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Royalty and other owners</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">7,944</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">8,341</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Prepaid drilling deposits</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">114</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">67</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Other</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,404</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,890</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">10,615</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">24,615</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <u>Accrued Liabilities</u>:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Compensation and related expenses</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,387</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,449</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Property costs</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">12,092</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">9,141</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Income Tax</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">4,180</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Other</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">785</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">524</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">15,264</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">16,294</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> </table> </div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> A reconciliation of the liability for plugging and abandonment costs for the nine months ended September&#xA0;30, 2018 is as follows:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td width="88%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Asset retirement obligation &#x2013; December&#xA0;31, 2017</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">23,578</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Liabilities incurred</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">42</td> <td valign="bottom" nowrap="nowrap"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Liabilities settled</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(1,967</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Accretion expense</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">840</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Asset retirement obligation &#x2013; September&#xA0;30, 2018</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">22,493</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <p>&#xA0;</p> </div> 107565 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>3) Additional Balance Sheet Information:</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> Certain balance sheet amounts are comprised of the following:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="76%" align="center" border="0"> <tr> <td width="72%"></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>September&#xA0;30,<br /> 2018</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>December&#xA0;31,<br /> 2017</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <u>Accounts Receivable</u>:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Joint interest billing</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,873</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,173</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Trade receivables</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">2,207</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">941</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Oil and gas sales</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">10,456</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">12,941</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Other</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">361</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">4</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">14,897</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">17,059</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Less: Allowance for doubtful accounts</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(98</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(98</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">14,799</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">16,961</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <u>Accounts Payable</u>:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Trade</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,153</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">14,317</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Royalty and other owners</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">7,944</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">8,341</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Prepaid drilling deposits</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">114</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">67</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Other</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,404</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,890</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">10,615</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">24,615</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <u>Accrued Liabilities</u>:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Compensation and related expenses</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,387</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,449</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Property costs</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">12,092</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">9,141</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Income Tax</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">4,180</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Other</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">785</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">524</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">15,264</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">16,294</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <br class="Apple-interchange-newline" /></div> 754558 PNRG -8151000 2857411 2102853 6300000 Term of more than one year <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>(6) Other Long-Term Obligations and Commitments:</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 31px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b><i>Operating Leases:</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The Company has several&#xA0;<font style="WHITE-SPACE: nowrap">non-cancelable</font>&#xA0;operating leases, primarily for rental of office space, that have a term of more than one year. The future minimum lease payments for the rest of fiscal 2018 and thereafter for the operating leases are as follows:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td width="87%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Operating<br /> Leases</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> 2018</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">133</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> 2019</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">222</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> 2020</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">69</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> 2021</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">17</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Total minimum payments</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">441</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> Rent expense for office space for the nine months ended September&#xA0;30, 2018 and 2017 was $396,000 and $509,000, respectively.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18px; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 31px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b><i>Asset Retirement Obligation:</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> A reconciliation of the liability for plugging and abandonment costs for the nine months ended September&#xA0;30, 2018 is as follows:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td width="88%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom"><i>(Thousands of dollars)</i></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2">&#xA0;</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Asset retirement obligation &#x2013; December&#xA0;31, 2017</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">23,578</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Liabilities incurred</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">42</td> <td valign="bottom" nowrap="nowrap"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Liabilities settled</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(1,967</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Accretion expense</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">840</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Asset retirement obligation &#x2013; September&#xA0;30, 2018</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">22,493</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The Company&#x2019;s liability is determined using significant assumptions, including current estimates of plugging and abandonment costs, annual inflation of these costs, the productive life of wells and a risk-adjusted interest rate. Changes in any of these assumptions can result in significant revisions to the estimated asset retirement obligation. Revisions to the asset retirement obligation are recorded with an offsetting change to producing properties, resulting in prospective changes to depreciation, depletion and amortization expense and accretion of discount. Because of the subjectivity of assumptions and the relatively long life of most of the Company&#x2019;s wells, the costs to ultimately retire the wells may vary significantly from previous estimates.</p> <p>&#xA0;</p> </div> 2020-06-26 0.0350 2019-07-31 Interim draws on this facility carried a floating interest rate; payable monthly at the LIBO published rate plus 2.50% and on June 26, 2015 converted into a fixed term loan, with a rate of 3.50% and requiring monthly payments 0.0250 -154000 -645000 -2895000 -7148000 124000 -359000 -11077000 2925000 4344000 13132000 6526000 57683000 9588000 0.334 0.166 6080000 53 1 3000000 10000 -43000 -43000 7115000 107565 6300000 53000 -102000 7115000 107565 6300000 500000 87800 4800000 767500 3126000 20223000 7812000 -0.92 -0.92 156000 359000 2523000 -3274000 -1384000 -594000 -2012000 -2012000 -2012000 122000 -2680000 6762000 47000 -1890000 17184000 -1262000 2187894 2187894 1530000 4109000 2502000 8568000 1534000 3728000 23394000 7883000 1.54 2.10 -1349000 511000 2250000 12000 5697000 1424000 -834000 4353000 4353000 4353000 -80000 6519000 9533000 37000 4273000 29402000 756366 -2194000 2825597 2069231 1414000 4470000 2174000 20960000 3890000 0000056868 pnrg:NaturalGasLiquidMember 2018-07-01 2018-09-30 0000056868 pnrg:OilMember 2018-07-01 2018-09-30 0000056868 pnrg:NaturalGasMember 2018-07-01 2018-09-30 0000056868 us-gaap:OilAndGasServiceMember 2018-07-01 2018-09-30 0000056868 us-gaap:AdministrativeServiceMember 2018-07-01 2018-09-30 0000056868 2018-07-01 2018-09-30 0000056868 pnrg:NaturalGasLiquidMember 2017-07-01 2017-09-30 0000056868 pnrg:OilMember 2017-07-01 2017-09-30 0000056868 pnrg:NaturalGasMember 2017-07-01 2017-09-30 0000056868 us-gaap:OilAndGasServiceMember 2017-07-01 2017-09-30 0000056868 us-gaap:AdministrativeServiceMember 2017-07-01 2017-09-30 0000056868 2017-07-01 2017-09-30 0000056868 pnrg:AdditionalEquipmentLoanMember 2014-07-30 2014-08-31 0000056868 pnrg:AdditionalEquipmentLoanMember 2014-12-01 2014-12-31 0000056868 us-gaap:TreasuryStockMember 2018-01-01 2018-09-30 0000056868 us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0000056868 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-09-30 0000056868 us-gaap:ParentMember 2018-01-01 2018-09-30 0000056868 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0000056868 pnrg:PartnershipAndTrustMember 2018-01-01 2018-09-30 0000056868 pnrg:TexasOklahomaKansasColoradoAndWyomingMemberus-gaap:MiningPropertiesAndMineralRightsMember 2018-01-01 2018-09-30 0000056868 pnrg:ReaganCountyTexasMemberus-gaap:MiningPropertiesAndMineralRightsMember 2018-01-01 2018-09-30 0000056868 srt:MinimumMemberpnrg:ReaganCountyTexasMemberus-gaap:MiningPropertiesAndMineralRightsMember 2018-01-01 2018-09-30 0000056868 srt:MaximumMemberpnrg:ReaganCountyTexasMemberus-gaap:MiningPropertiesAndMineralRightsMember 2018-01-01 2018-09-30 0000056868 pnrg:NaturalGasLiquidMember 2018-01-01 2018-09-30 0000056868 pnrg:OilMember 2018-01-01 2018-09-30 0000056868 pnrg:NaturalGasMember 2018-01-01 2018-09-30 0000056868 us-gaap:OilAndGasServiceMember 2018-01-01 2018-09-30 0000056868 us-gaap:AdministrativeServiceMember 2018-01-01 2018-09-30 0000056868 us-gaap:FairValueInputsLevel3Member 2018-01-01 2018-09-30 0000056868 pnrg:NaturalGasCommodityContractsMemberus-gaap:NondesignatedMemberpnrg:UnrealizedGainLossOnDerivativeInstrumentsNetMember 2018-01-01 2018-09-30 0000056868 pnrg:NaturalGasCommodityContractsMemberus-gaap:NondesignatedMemberpnrg:RealizedGainLossOnDerivativeInstrumentsNetMember 2018-01-01 2018-09-30 0000056868 pnrg:CrudeOilCommodityContractsMemberus-gaap:NondesignatedMemberpnrg:UnrealizedGainLossOnDerivativeInstrumentsNetMember 2018-01-01 2018-09-30 0000056868 pnrg:CrudeOilCommodityContractsMemberus-gaap:NondesignatedMemberpnrg:RealizedGainLossOnDerivativeInstrumentsNetMember 2018-01-01 2018-09-30 0000056868 pnrg:NaturalGasLiquidsMemberus-gaap:NondesignatedMemberpnrg:UnrealizedGainLossOnDerivativeInstrumentsNetMember 2018-01-01 2018-09-30 0000056868 pnrg:NaturalGasLiquidsMemberus-gaap:NondesignatedMemberpnrg:RealizedGainLossOnDerivativeInstrumentsNetMember 2018-01-01 2018-09-30 0000056868 pnrg:AdditionalEquipmentLoanMemberus-gaap:LondonInterbankOfferedRateLIBORMember 2018-01-01 2018-09-30 0000056868 pnrg:AdditionalEquipmentLoanMember 2018-01-01 2018-09-30 0000056868 pnrg:FixedTermLoanMemberpnrg:AdditionalEquipmentLoanMember 2018-01-01 2018-09-30 0000056868 2018-01-01 2018-09-30 0000056868 us-gaap:TreasuryStockMember 2017-01-01 2017-09-30 0000056868 us-gaap:RetainedEarningsMember 2017-01-01 2017-09-30 0000056868 us-gaap:NoncontrollingInterestMember 2017-01-01 2017-09-30 0000056868 us-gaap:ParentMember 2017-01-01 2017-09-30 0000056868 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-09-30 0000056868 pnrg:PartnershipAndTrustMember 2017-01-01 2017-09-30 0000056868 pnrg:NaturalGasLiquidMember 2017-01-01 2017-09-30 0000056868 pnrg:OilMember 2017-01-01 2017-09-30 0000056868 pnrg:NaturalGasMember 2017-01-01 2017-09-30 0000056868 us-gaap:OilAndGasServiceMember 2017-01-01 2017-09-30 0000056868 us-gaap:AdministrativeServiceMember 2017-01-01 2017-09-30 0000056868 pnrg:NaturalGasCommodityContractsMemberus-gaap:NondesignatedMemberpnrg:UnrealizedGainLossOnDerivativeInstrumentsNetMember 2017-01-01 2017-09-30 0000056868 pnrg:NaturalGasCommodityContractsMemberus-gaap:NondesignatedMemberpnrg:RealizedGainLossOnDerivativeInstrumentsNetMember 2017-01-01 2017-09-30 0000056868 pnrg:CrudeOilCommodityContractsMemberus-gaap:NondesignatedMemberpnrg:UnrealizedGainLossOnDerivativeInstrumentsNetMember 2017-01-01 2017-09-30 0000056868 pnrg:CrudeOilCommodityContractsMemberus-gaap:NondesignatedMemberpnrg:RealizedGainLossOnDerivativeInstrumentsNetMember 2017-01-01 2017-09-30 0000056868 2017-01-01 2017-09-30 0000056868 pnrg:AdditionalEquipmentLoanMember 2018-01-26 2018-01-26 0000056868 pnrg:AdditionalEquipmentLoanMember 2018-01-12 2018-01-12 0000056868 pnrg:FixedTermLoanMemberpnrg:AdditionalEquipmentLoanMember 2015-06-26 2015-06-26 0000056868 pnrg:TwoThousandSeventeenMember 2017-02-15 2017-02-15 0000056868 pnrg:AdditionalEquipmentLoanMember 2018-01-26 0000056868 us-gaap:TreasuryStockMember 2017-12-31 0000056868 us-gaap:RetainedEarningsMember 2017-12-31 0000056868 us-gaap:NoncontrollingInterestMember 2017-12-31 0000056868 us-gaap:ParentMember 2017-12-31 0000056868 us-gaap:CommonStockMember 2017-12-31 0000056868 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000056868 us-gaap:FairValueMeasurementsRecurringMember 2017-12-31 0000056868 us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember 2017-12-31 0000056868 us-gaap:FairValueInputsLevel3Member 2017-12-31 0000056868 us-gaap:CommodityContractMemberus-gaap:FairValueMeasurementsRecurringMember 2017-12-31 0000056868 us-gaap:CommodityContractMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember 2017-12-31 0000056868 pnrg:DerivativeLiabilityLongTermMemberpnrg:NaturalGasCommodityContractsMemberus-gaap:NondesignatedMember 2017-12-31 0000056868 pnrg:DerivativeLiabilityLongTermMemberpnrg:CrudeOilCommodityContractsMemberus-gaap:NondesignatedMember 2017-12-31 0000056868 pnrg:DerivativeLiabilityShortTermMemberpnrg:NaturalGasCommodityContractsMemberus-gaap:NondesignatedMember 2017-12-31 0000056868 pnrg:DerivativeLiabilityShortTermMemberpnrg:CrudeOilCommodityContractsMemberus-gaap:NondesignatedMember 2017-12-31 0000056868 us-gaap:OtherCurrentAssetsMemberpnrg:CrudeOilCommodityContractsMemberus-gaap:NondesignatedMember 2017-12-31 0000056868 us-gaap:OtherAssetsMemberpnrg:NaturalGasCommodityContractsMemberus-gaap:NondesignatedMember 2017-12-31 0000056868 2017-12-31 0000056868 us-gaap:TreasuryStockMember 2016-12-31 0000056868 us-gaap:RetainedEarningsMember 2016-12-31 0000056868 us-gaap:NoncontrollingInterestMember 2016-12-31 0000056868 us-gaap:ParentMember 2016-12-31 0000056868 us-gaap:CommonStockMember 2016-12-31 0000056868 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0000056868 2016-12-31 0000056868 us-gaap:TreasuryStockMember 2018-09-30 0000056868 us-gaap:RetainedEarningsMember 2018-09-30 0000056868 us-gaap:NoncontrollingInterestMember 2018-09-30 0000056868 us-gaap:ParentMember 2018-09-30 0000056868 us-gaap:CommonStockMember 2018-09-30 0000056868 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0000056868 pnrg:ReaganCountyTexasMemberus-gaap:MiningPropertiesAndMineralRightsMember 2018-09-30 0000056868 us-gaap:FairValueMeasurementsRecurringMember 2018-09-30 0000056868 us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember 2018-09-30 0000056868 us-gaap:FairValueInputsLevel3Member 2018-09-30 0000056868 us-gaap:CommodityContractMemberus-gaap:FairValueMeasurementsRecurringMember 2018-09-30 0000056868 us-gaap:CommodityContractMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember 2018-09-30 0000056868 pnrg:CreditAgreementMemberpnrg:BaseRateAndLiborMember 2018-09-30 0000056868 pnrg:CreditAgreementMember 2018-09-30 0000056868 pnrg:AdditionalEquipmentLoanMemberus-gaap:FairValueInputsLevel3Member 2018-09-30 0000056868 pnrg:AdditionalEquipmentLoanMember 2018-09-30 0000056868 srt:MinimumMemberpnrg:NonstatutoryStockOptionsMember 2018-09-30 0000056868 srt:MaximumMemberpnrg:NonstatutoryStockOptionsMember 2018-09-30 0000056868 pnrg:NonstatutoryStockOptionsMember 2018-09-30 0000056868 pnrg:DerivativeLiabilityLongTermMemberpnrg:CrudeOilCommodityContractsMemberus-gaap:NondesignatedMember 2018-09-30 0000056868 pnrg:DerivativeLiabilityLongTermMemberpnrg:NaturalGasLiquidMemberus-gaap:NondesignatedMember 2018-09-30 0000056868 pnrg:DerivativeLiabilityShortTermMemberpnrg:NaturalGasCommodityContractsMemberus-gaap:NondesignatedMember 2018-09-30 0000056868 pnrg:DerivativeLiabilityShortTermMemberpnrg:CrudeOilCommodityContractsMemberus-gaap:NondesignatedMember 2018-09-30 0000056868 pnrg:DerivativeLiabilityShortTermMemberpnrg:NaturalGasLiquidsMemberus-gaap:NondesignatedMember 2018-09-30 0000056868 us-gaap:OtherCurrentAssetsMemberpnrg:NaturalGasCommodityContractsMemberus-gaap:NondesignatedMember 2018-09-30 0000056868 us-gaap:OtherAssetsMemberpnrg:NaturalGasCommodityContractsMemberus-gaap:NondesignatedMember 2018-09-30 0000056868 2018-09-30 0000056868 us-gaap:TreasuryStockMember 2017-09-30 0000056868 us-gaap:RetainedEarningsMember 2017-09-30 0000056868 us-gaap:NoncontrollingInterestMember 2017-09-30 0000056868 us-gaap:ParentMember 2017-09-30 0000056868 us-gaap:CommonStockMember 2017-09-30 0000056868 us-gaap:AdditionalPaidInCapitalMember 2017-09-30 0000056868 pnrg:CreditAgreementMemberpnrg:BaseRateAndLiborMember 2017-09-30 0000056868 pnrg:AdditionalEquipmentLoanMemberus-gaap:FairValueInputsLevel3Member 2017-09-30 0000056868 srt:MinimumMemberpnrg:NonstatutoryStockOptionsMember 2017-09-30 0000056868 srt:MaximumMemberpnrg:NonstatutoryStockOptionsMember 2017-09-30 0000056868 pnrg:NonstatutoryStockOptionsMember 2017-09-30 0000056868 2017-09-30 0000056868 pnrg:AdditionalEquipmentLoanMember 2014-08-31 0000056868 pnrg:TwoThousandSeventeenMember 2018-07-17 0000056868 pnrg:AdditionalEquipmentLoanMember 2014-07-29 0000056868 pnrg:NonstatutoryStockOptionsMember 1989-05-31 0000056868 2018-11-13 0000056868 pnrg:TwoThousandSeventeenMember 2017-12-22 0000056868 pnrg:TwoThousandSeventeenMember 2017-02-15 iso4217:USD shares pnrg:Officers pure iso4217:USD shares utr:acre pnrg:Well Derivative instruments are reported in revenues as realized gain (loss) and on a separately reported line item captioned unrealized gain (loss) on derivative instruments. EX-101.SCH 7 pnrg-20180930.xsd XBRL TAXONOMY EXTENSION SCHEMA 101 - Document - Document and Entity Information link:calculationLink link:presentationLink link:definitionLink 103 - Statement - Condensed Consolidated Balance Sheet link:calculationLink link:presentationLink link:definitionLink 104 - Statement - Condensed Consolidated Balance Sheet (Parenthetical) link:calculationLink link:presentationLink link:definitionLink 105 - Statement - Condensed Consolidated Statement of Operations link:calculationLink link:presentationLink link:definitionLink 106 - Statement - Condensed Consolidated Statement of Equity link:calculationLink link:presentationLink link:definitionLink 107 - Statement - Condensed Consolidated Statement of Equity (Parenthetical) link:calculationLink link:presentationLink link:definitionLink 108 - Statement - Condensed Consolidated Statement of Cash Flows link:calculationLink link:presentationLink link:definitionLink 109 - Disclosure - Basis of Presentation link:calculationLink link:presentationLink link:definitionLink 110 - Disclosure - Acquisitions and Dispositions link:calculationLink link:presentationLink link:definitionLink 111 - Disclosure - Additional Balance Sheet Information link:calculationLink link:presentationLink link:definitionLink 112 - Disclosure - Property and Equipment link:calculationLink link:presentationLink link:definitionLink 113 - Disclosure - Long-Term Debt link:calculationLink link:presentationLink link:definitionLink 114 - Disclosure - Other Long-Term Obligations and Commitments link:calculationLink link:presentationLink link:definitionLink 115 - Disclosure - Contingent Liabilities link:calculationLink link:presentationLink link:definitionLink 116 - Disclosure - Stock Options and Other Compensation link:calculationLink link:presentationLink link:definitionLink 117 - Disclosure - Related Party Transactions link:calculationLink link:presentationLink link:definitionLink 118 - Disclosure - Financial Instruments link:calculationLink link:presentationLink link:definitionLink 119 - Disclosure - Earnings Per Share link:calculationLink link:presentationLink link:definitionLink 120 - Disclosure - Basis of Presentation (Policies) link:calculationLink link:presentationLink link:definitionLink 121 - Disclosure - Additional Balance Sheet Information (Tables) link:calculationLink link:presentationLink link:definitionLink 122 - Disclosure - Property and Equipment (Tables) link:calculationLink link:presentationLink link:definitionLink 123 - Disclosure - Other Long-Term Obligations and Commitments (Tables) link:calculationLink link:presentationLink link:definitionLink 124 - Disclosure - Financial Instruments (Tables) link:calculationLink link:presentationLink link:definitionLink 125 - Disclosure - Earnings Per Share (Tables) link:calculationLink link:presentationLink link:definitionLink 126 - Disclosure - Acquisitions and Dispositions - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 127 - Disclosure - Additional Balance Sheet Information - Components of Balance Sheet Amounts (Detail) link:calculationLink link:presentationLink link:definitionLink 128 - Disclosure - Property and Equipment - Components of Property and Equipment (Detail) link:calculationLink link:presentationLink link:definitionLink 129 - Disclosure - Long-Term Debt - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 130 - Disclosure - Other Long-Term Obligations and Commitments - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 131 - Disclosure - Other Long-Term Obligations and Commitments - Summary of Future Minimum Lease Payments for Non-Cancelable Operating Leases (Detail) link:calculationLink link:presentationLink link:definitionLink 132 - Disclosure - Other Long-Term Obligations and Commitments - Reconciliation of Liability for Plugging and Abandonment Costs (Detail) link:calculationLink link:presentationLink link:definitionLink 133 - Disclosure - Stock Options and Other Compensation - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 134 - Disclosure - Related Party Transactions - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 135 - Disclosure - Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) link:calculationLink link:presentationLink link:definitionLink 136 - Disclosure - Financial Instruments - Schedule of Changes in Fair Value of Financial Assets and Liabilities Classified as Level 3 (Detail) link:calculationLink link:presentationLink link:definitionLink 137 - Disclosure - Financial Instruments - Effect of Derivative Instruments on Consolidated Balance Sheets (Detail) link:calculationLink link:presentationLink link:definitionLink 138 - Disclosure - Financial Instruments - Effect of Derivative Instruments on Consolidated Statements of Operations (Detail) link:calculationLink link:presentationLink link:definitionLink 139 - Disclosure - Earnings per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Detail) link:calculationLink link:presentationLink link:definitionLink 140 - Disclosure - Earnings per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Parenthetical) (Detail) link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 8 pnrg-20180930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 pnrg-20180930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 pnrg-20180930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 11 pnrg-20180930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.10.0.1
Document and Entity Information - shares
9 Months Ended
Sep. 30, 2018
Nov. 13, 2018
Document And Entity Information [Abstract]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Sep. 30, 2018  
Document Fiscal Year Focus 2018  
Document Fiscal Period Focus Q3  
Trading Symbol PNRG  
Entity Registrant Name PRIMEENERGY CORP  
Entity Central Index Key 0000056868  
Current Fiscal Year End Date --12-31  
Entity Filer Category Non-accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company false  
Entity Common Stock, Shares Outstanding   2,049,478
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 7,669 $ 8,438
Accounts receivable, net 14,799 16,961
Other current assets 856 1,232
Total Current Assets 23,324 26,631
Property and Equipment, at cost    
Oil and gas properties (successful efforts method), net 218,134 213,001
Field and office equipment, net 6,596 6,974
Total Property and Equipment, Net 224,730 219,975
Other Assets 149 159
Total Assets 248,203 246,765
Current Liabilities    
Accounts payable 10,615 24,615
Accrued liabilities 15,264 16,294
Current portion of long-term debt 948 2,378
Current portion of asset retirement 2,665 2,309
Derivative liability short-term 8,028 1,509
Due to Related Parties 30 65
Total Current Liabilities 37,550 47,170
Long-Term Bank Debt 56,577 48,459
Asset Retirement Obligations 19,828 21,269
Derivative Liability Long-Term 3,226 1,913
Deferred Income Taxes 27,325 24,962
Other Long-Term Obligations 555 553
Total Liabilities 145,061 144,326
Commitments and Contingencies
Equity    
Common stock, $.10 par value; 2018 and 2017: Authorized: 4,000,000 shares, issued: 3,836,397 shares; outstanding 2018: 2,061,805 shares; 2017: 2,169,370 shares 383 383
Paid-in capital 8,772 8,729
Retained earnings 145,435 138,320
Treasury stock, at cost; 2018: 1,774,592 shares; 2017: 1,667,027 shares (58,423) (52,123)
Total Stockholders' Equity - PrimeEnergy 96,167 95,309
Non-controlling interest 6,975 7,130
Total Equity 103,142 102,439
Total Liabilities and Equity $ 248,203 $ 246,765
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheet (Parenthetical) - $ / shares
Sep. 30, 2018
Dec. 31, 2017
Statement of Financial Position [Abstract]    
Common stock, par value $ 0.10 $ 0.10
Common stock, shares authorized 4,000,000 4,000,000
Common stock, shares issued 3,836,397 3,836,397
Common stock, shares outstanding 2,061,805 2,169,370
Treasury stock, shares 1,774,592 1,667,027
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statement of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Realized (loss) gain on derivative instruments, net $ (1,349) $ 156 $ (2,925) $ (49)
Unrealized (loss) gain on derivative instruments, net (2,194) (1,262) (8,151) 3,092
Other income 37 47 59 169
Total Revenues 29,402 17,184 80,256 59,191
Costs and Expenses        
Lease operating expense 9,533 6,762 26,867 21,058
Field service expense 3,728 3,126 10,157 9,152
Depreciation, depletion, amortization and accretion on discounted liabilities 7,883 7,812 23,715 23,821
General and administrative expense 2,250 2,523 10,761 6,878
Total Costs and Expenses 23,394 20,223 71,500 60,909
Gain on Sale and Exchange of Assets 511 359 3,168 42,078
Income (Loss) from Operations 6,519 (2,680) 11,924 40,360
Other Income (Expense)        
Interest income 12   34  
Interest expense (834) (594) (2,613) (1,659)
Income (Loss) Before Income Taxes 5,697 (3,274) 9,345 3,870
Income Taxes (Benefit) Expense 1,424 (1,384) 2,332 12,407
Net (Loss) Income 4,273 (1,890) 7,013 26,294
Less: Net Income (Loss) Attributable to Non-Controlling Interests (80) 122 (102) 5,646
Net (Loss) Income Attributable to PrimeEnergy $ 4,353 $ (2,012) $ 7,115 $ 20,648
Basic (Loss) Income Per Common Share $ 2.10 $ (0.92) $ 3.38 $ 9.29
Diluted (Loss) Income Per Common Share $ 1.54 $ (0.92) $ 2.49 $ 6.94
Oil [Member]        
Revenues        
Oil, gas and service income $ 20,960 $ 8,568 $ 57,683 $ 27,479
Natural Gas [Member]        
Revenues        
Oil, gas and service income 2,174 2,502 6,526 7,665
Natural Gas Liquids [Member]        
Revenues        
Oil, gas and service income 3,890 1,534 9,588 3,901
Oil and Gas Service [Member]        
Revenues        
Oil, gas and service income 4,470 4,109 13,132 12,176
Administrative Service [Member]        
Revenues        
Oil, gas and service income $ 1,414 $ 1,530 $ 4,344 $ 4,758
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statement of Equity - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Total Stockholders' Equity - PrimeEnergy [Member]
Non-Controlling Interest [Member]
Balance at Dec. 31, 2016 $ 65,880 $ 383 $ 8,313 $ 96,322 $ (46,473) $ 58,545 $ 7,335
Balance, shares at Dec. 31, 2016   3,836,397          
Repurchase of common stock (5,000)       (5,000) (5,000)  
Net income 26,294     20,648   20,648 5,646
Purchase of Non-controlling Interest (60)   127     127 (187)
Distribution of Non-controlling interests (4,410)           (4,410)
Balance at Sep. 30, 2017 82,704 $ 383 8,840 116,970 (51,473) 74,320 8,344
Balance, shares at Sep. 30, 2017   3,836,397          
Balance at Dec. 31, 2017 $ 102,439 $ 383 8,729 138,320 (52,123) 95,309 7,130
Balance, shares at Dec. 31, 2017 3,836,397 3,836,397          
Repurchase of common stock $ (6,300)       (6,300) (6,300)  
Net income 7,013     7,115   7,115 (102)
Purchase of Non-controlling Interest (10)   43     43 (53)
Balance at Sep. 30, 2018 $ 103,142 $ 383 $ 8,772 $ 145,435 $ (58,423) $ 96,167 $ 6,975
Balance, shares at Sep. 30, 2018 3,836,397 3,836,397          
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statement of Equity (Parenthetical) - shares
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Repurchase of common stock, shares 107,565 101,207
Treasury Stock [Member]    
Repurchase of common stock, shares 107,565 101,207
Total Stockholders' Equity - PrimeEnergy [Member]    
Repurchase of common stock, shares 107,565 101,207
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net Income including non-controlling interest $ 7,013 $ 26,294
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion on discounted liabilities 23,715 23,821
Gain on sale of properties (3,168) (42,078)
Unrealized loss (gain) on derivative instruments, net 8,151 (3,092)
Provision for deferred income taxes 2,363 10,425
Changes in operating assets and liabilities:    
Accounts receivable 2,162 (2,922)
Due to related parties (35) 31
Other assets 376 (1,164)
Accounts payable (14,000) 1,337
Accrued liabilities (1,030) 8,771
Net Cash Provided by Operating Activities 25,547 21,423
Cash Flows from Investing Activities:    
Capital expenditures (29,317) (40,057)
Proceeds from sale of properties and equipment 2,623 46,977
Net Cash (Used in) Provided by Investing Activities (26,694) 6,920
Cash Flows from Financing Activities:    
Purchase of stock for treasury (6,300) (5,000)
Purchase of non-controlling interests (10) (60)
Proceeds from long-term bank debt and other long-term obligations 42,800 52,000
Repayment of long-term bank debt and other long-term obligations (36,112) (67,521)
Distributions to non-controlling interests   (4,410)
Net Cash Provided by (Used in) Financing Activities 378 (24,991)
Net (Decrease) increase in Cash and Cash Equivalents (769) 3,352
Cash and Cash Equivalents at the Beginning of the Period 8,438 6,568
Cash and Cash Equivalents at the End of the Period 7,669 9,920
Supplemental Disclosures:    
Income taxes paid 4,340 2,588
Interest paid $ 2,761 $ 1,762
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation
9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation

(1) Basis of Presentation:

The accompanying condensed consolidated financial statements of PrimeEnergy Corporation (“PrimeEnergy” or the “Company”) have not been audited by independent public accountants. Pursuant to applicable Securities and Exchange Commission (“SEC”) rules and regulations, the accompanying interim financial statements do not include all disclosures presented in annual financial statements and the reader should refer to the Company’s Form 10-K for the year ended December 31, 2017. In the opinion of management, the accompanying interim condensed consolidated financial statements contain all material adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the Company’s condensed consolidated balance sheets as of September 30, 2018 and December 31, 2017, the condensed consolidated results of operations, cash flows and equity for the nine months ended September 30, 2018 and 2017.

As of September 30, 2018, PrimeEnergy’s significant accounting policies are consistent with those discussed in Note 1—Description of Operations and Significant Accounting Policies of its consolidated financial statements contained in PrimeEnergy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017, with the exception of Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606)” discussed below. Certain amounts presented in prior period financial statements have been reclassified for consistency with current period presentation. The results for interim periods are not necessarily indicative of annual results. For purposes of disclosure in the condensed consolidated financial statements, subsequent events have been evaluated through the date the statements were issued.

Recently Adopted Accounting Pronouncements

On January 1, 2018, PrimeEnergy adopted ASU 2014-09, “Revenue from Contracts with Customers (ASC 606),” using the modified retrospective method. The Company elected to evaluate all contracts at the date of initial application. While there was no impact to the opening balance of retained earnings as a result of the adoption, certain items previously netted in revenue are now recognized as lease operating expense in the Company’s statement of consolidated operations. The amounts are immaterial to the financial statements, and prior comparative periods have not been restated and continue to be reported under the accounting standards in effect for those periods. Adoption of the new standard is not anticipated to have a material impact on the Company’s net earnings on an ongoing basis.

The Company applies the provisions of ASC 606 for revenue recognition to contracts with customers. Sales of crude oil, natural gas, and natural gas liquids (NGLs) are included in revenue when production is sold to a customer in fulfillment of performance obligations under the terms of agreed contracts. Performance obligations primarily comprise delivery of oil, gas, or NGLs at a delivery point, as negotiated within each contract. Each barrel of oil, million Btu (MMBtu) of natural gas, or other unit of measure is separately identifiable and represents a distinct performance obligation to which the transaction price is allocated. Performance obligations are satisfied at a point in time once control of the product has been transferred to the customer. The Company considers a variety of facts and circumstances in assessing the point of control transfer, including but not limited to: whether the purchaser can direct the use of the hydrocarbons, the transfer of significant risks and rewards, the Company’s right to payment, and transfer of legal title. In each case, the term between delivery and when payments are due is not significant.

PrimeEnergy records trade accounts receivable for its unconditional rights to consideration arising under sales contracts with customers. The carrying value of such receivables, net of the allowance for doubtful accounts, represents estimated net realizable value. The Company routinely assesses the collectability of all material trade and other receivables. The Company accrues a reserve on a receivable when, based on the judgment of management, it is probable that a receivable will not be collected and the amount of any reserve may be reasonably estimated. PrimeEnergy has concluded that the disaggregation of revenue by product appropriately depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.

Practical Expedients and Exemptions

PrimeEnergy does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or contracts for which variable consideration is allocated entirely to a wholly unsatisfied performance obligation.

PrimeEnergy will utilize the practical expedient to expense incremental costs of obtaining a contract if the expected amortization period is one year or less. Costs to obtain a contract with expected amortization periods of greater than one year will be recorded as an asset and will be recognized in accordance with ASC 340, “Other Assets and Deferred Costs.” Currently, the Company does not have contract assets related to incremental costs to obtain a contract.

 

New Pronouncements Issued But Not Yet Adopted

In February 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-02, “Leases (Topic 842),” requiring lessees to recognize lease assets and lease liabilities for most leases classified as operating leases under previous GAAP. The guidance is effective for fiscal years beginning after December 15, 2018. Early adoption is permitted; however, the Company does not intend to early adopt. In January 2018, the FASB issued ASU 2018-01, which permits an entity an optional election to not evaluate under ASU 2016-02 those existing or expired land easements that were not previously accounted for as leases prior to the adoption of ASU 2016-02. In July 2018, the FASB issued ASU 2018-11, which adds a transition option permitting entities to apply the provisions of the new standard at its adoption date instead of the earliest comparative period presented in the consolidated financial statements. Under this transition option, comparative reporting would not be required, and the provisions of the standard would be applied prospectively to leases in effect at the date of adoption. The Company intends to elect both transitional practical expedients.

In the normal course of business, the Company enters into various lease agreements for office space and equipment related to its exploration and development activities that are currently accounted for as operating leases. At this time, the Company cannot reasonably estimate the financial impact this will have on its consolidated financial statements; however, the Company believes adoption and implementation of this ASU will not significantly impact its balance sheet.

In June 2018, the FASB issued ASU 2018-07, “Improvements to Nonemployee Share-Based Payment Accounting,” to simplify the accounting for share-based transactions by expanding the scope of Topic 718 from only being applicable to share-based payments to employees to also include share-based payment transactions for acquiring goods and services from nonemployees. As a result, the same guidance that provides for employee share-based payments, including most of the requirements related to classification and measurement, applies to nonemployee share-based payment arrangements. ASU 2018-07 is effective for financial statements issued for annual periods beginning after December 15, 2018 and interim periods within those annual periods. Early adoption is permitted. The Company anticipates adopting this guidance for the first quarter of 2019 and does not expect it to have a material impact on its consolidated financial statements.

In August 2018, the FASB issued ASU 2018-13, “Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement,” which changes the disclosure requirements for fair value measurements by removing, adding, and modifying certain disclosures. ASU 2018-13 is effective for financial statements issued for annual periods beginning after December 15, 2019, and interim periods within those annual periods. Early adoption is permitted. The company is currently evaluating the impact of adoption of this ASU on its related disclosures and does not expect it to have a material impact on its financial statements.

In August 2018, the FASB issued ASU 2018-15, “Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.” This pronouncement clarifies the requirements for capitalizing implementation costs in cloud computing arrangements and aligns them with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted, including adoption in any interim period for which financial statements have not been issued. The Company is currently evaluating the impact of adoption of this ASU on its consolidated financial statements and does not expect it to have a material impact.

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Acquisitions and Dispositions
9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Acquisitions and Dispositions

(2) Acquisitions and Dispositions:

Historically the Company has repurchased the interests of the partners and trust unit holders in the oil and gas limited partnerships (the “Partnerships”) and the asset and business income trusts (the “Trusts”) managed by the Company as general partner and as managing trustee, respectively. The Company purchased such interests in amounts totaling $10,000 and $60,000 for the nine months ended September 30, 2018 and 2017, respectively.

During the nine months ended September 30, 2018, The Company sold or farmed out interests in certain non-core undeveloped and developed oil and natural gas properties through a number of individually negotiated transactions in exchange for cash and a royalty or working interest in Oklahoma, Kansas, Colorado, Texas and Wyoming. Proceeds under these agreements were $3.0 million. During this same time period the Company acquired approximately 464 net mineral acres and working interest in 53 oil and gas wells ranging from 16.6% to 33.4%, plus one commercial salt water disposal well, for a total of $6,080,000. This acreage and group of wells are all operated by the Company and located in Reagan County, Texas, where future horizontal drilling will likely occur.

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
Additional Balance Sheet Information
9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Balance Sheet Information

3) Additional Balance Sheet Information:

Certain balance sheet amounts are comprised of the following:

 

(Thousands of dollars)    September 30,
2018
     December 31,
2017
 

Accounts Receivable:

     

Joint interest billing

   $ 1,873      $ 3,173  

Trade receivables

     2,207        941  

Oil and gas sales

     10,456        12,941  

Other

     361        4  
  

 

 

    

 

 

 
     14,897        17,059  

Less: Allowance for doubtful accounts

     (98      (98
  

 

 

    

 

 

 

Total

   $ 14,799      $ 16,961  
  

 

 

    

 

 

 

Accounts Payable:

     

Trade

   $ 1,153      $ 14,317  

Royalty and other owners

     7,944        8,341  

Prepaid drilling deposits

     114        67  

Other

     1,404        1,890  
  

 

 

    

 

 

 

Total

   $ 10,615      $ 24,615  
  

 

 

    

 

 

 

Accrued Liabilities:

     

Compensation and related expenses

   $ 2,387      $ 2,449  

Property costs

     12,092        9,141  

Income Tax

     —          4,180  

Other

     785        524  
  

 

 

    

 

 

 

Total

   $ 15,264      $ 16,294  
  

 

 

    

 

 

 

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment
9 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

(4) Property and Equipment:

Property and equipment at September 30, 2018 and December 31, 2017 consisted of the following:

 

(Thousands of dollars)    September 30,
2018
     December 31,
2017
 

Proved oil and gas properties, at cost

   $ 499,958      $ 476,570  

Less: Accumulated depletion and depreciation

     (281,824      (263,569
  

 

 

    

 

 

 

Oil and Gas Properties, Net

   $ 218,134      $ 213,001  
  

 

 

    

 

 

 

Field and office equipment

   $ 26,788      $ 26,241  

Less: Accumulated depreciation

     (20,192      (19,267
  

 

 

    

 

 

 

Field and Office Equipment, Net

   $ 6,596      $ 6,974  
  

 

 

    

 

 

 

Total Property and Equipment, Net

   $ 224,730      $ 219,975  
  

 

 

    

 

 

 

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Long-Term Debt
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Long-Term Debt

(5) Long-Term Debt:

Bank Debt:

On February 15, 2017, the Company and its lenders entered into a Third Amended and Restated Credit Agreement (the “2017 Credit Agreement”) with a maturity date of February 15, 2021. The Second Amended and Restated Credit Agreement and subsequent amendments were amended and restated by the 2017 Credit Agreement. Pursuant to the terms and conditions of the 2017 Credit Agreement, the Company has a revolving line of credit and letter of credit facility of up to $300 million subject to a borrowing base that is determined semi-annually by the lenders based upon the Company’s financial statements and the estimated value of the Company’s oil and gas properties, in accordance with the Lenders’ customary practices for oil and gas loans. The credit facility is secured by substantially all of the Company’s oil and gas properties. The 2017 Credit Agreement includes terms and covenants that require the Company to maintain a minimum current ratio, total indebtedness to EBITDAX (earnings before depreciation, depletion, amortization, taxes, interest expense and exploration costs) ratio and interest coverage ratio, as defined, and restrictions are placed on the payment of dividends, the amount of treasury stock the Company may purchase, commodity hedge agreements, and loans and investments in its consolidated subsidiaries and limited partnerships.

 

On December 22, 2017, the Company and its lenders entered into a First Amendment to the Third Amended and Restated Credit Agreement. The credit agreement includes the addition of a new lender and retains all other aspects of the original credit agreement. As of the effective date of this amendment the Company’s borrowing base was increased to $85 million.

On July 17, 2018, the Company and its lenders entered into a Second Amendment to the Third Amended and Restated Credit Agreement. The credit agreement includes modifications for the borrowing base utilization margins and rates by type of borrowing, revises minimum quantifications for individual borrowings, reduces the overall    percentage required for commodity hedge agreements, modifies the requirements placed on the companies’ ability to purchase equity interests and retains all other aspects of the original credit agreement. As of the effective date of this amendment the Company’s borrowing base was increased to $90 million.

At September 30, 2018, the Company had a total of $56.5 million of borrowings outstanding under its revolving credit facility at a weighted-average interest rate of 5.22% and $33.5 million available for future borrowings. The combined weighted average interest rate paid on outstanding bank borrowings subject to base rate and LIBO interest was 5.30% for the nine months ended September 30, 2018 as compared to 4.98% for nine months ended September 30, 2017. The Company’s borrowings under this credit facility approximates fair value because the interest rates are variable and reflective of market rates.

Equipment Loans:

On July 29, 2014, the Company entered into additional equipment financing facilities (“Additional Equipment Loans”) totaling $6.0 million with JP Morgan Chase Bank. In August 2014, the Company drew down $4.8 million of this facility that is secured by field service equipment, carries an interest rate of 3.40% per annum, requires monthly payments (principal and interest) of $87,800, and has a final maturity date of July 31, 2019. The remaining $1.2 million under the Additional Equipment Loans was available for interim draws to finance the acquisition of any future field service equipment. In December 2014, the Company made an interim draw of an additional $0.5 million on this facility that is secured by recently purchased field service equipment. Interim draws on this facility carried a floating interest rate; payable monthly at the LIBO published rate plus 2.50% and on June 26, 2015 converted into a fixed term loan, with a rate of 3.50% and requiring monthly payments (principal and interest) of $8,700 with a final maturity date of June 26, 2020. As of September 30, 2018, the Company had a total of $1.025 million outstanding on the Additional Equipment Loans.

On January 12, 2018, the Company made a principal payment towards the third interim loan in the amount of $20,858. Effective with the payment due of January 26, 2018 the required monthly payments (principal and interest) on this loan changed to $7,986 with a continuing effective rate of 3.50% and a final maturity of June 26, 2020.

The Company determined these loans are Level 3 liabilities in the fair-value hierarchy and estimated their fair value as $922 thousand and $3.941 million at September 30, 2018 and 2017, respectively, using a discounted cash flow model.

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Long-Term Obligations and Commitments
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Other Long-Term Obligations and Commitments

(6) Other Long-Term Obligations and Commitments:

Operating Leases:

The Company has several non-cancelable operating leases, primarily for rental of office space, that have a term of more than one year. The future minimum lease payments for the rest of fiscal 2018 and thereafter for the operating leases are as follows:

 

(Thousands of dollars)    Operating
Leases
 

2018

   $ 133  

2019

     222  

2020

     69  

2021

     17  
  

 

 

 

Total minimum payments

   $ 441  
  

 

 

 

Rent expense for office space for the nine months ended September 30, 2018 and 2017 was $396,000 and $509,000, respectively.

 

Asset Retirement Obligation:

A reconciliation of the liability for plugging and abandonment costs for the nine months ended September 30, 2018 is as follows:

 

(Thousands of dollars)       

Asset retirement obligation – December 31, 2017

   $ 23,578  

Liabilities incurred

     42

Liabilities settled

     (1,967

Accretion expense

     840  
  

 

 

 

Asset retirement obligation – September 30, 2018

   $ 22,493  
  

 

 

 

The Company’s liability is determined using significant assumptions, including current estimates of plugging and abandonment costs, annual inflation of these costs, the productive life of wells and a risk-adjusted interest rate. Changes in any of these assumptions can result in significant revisions to the estimated asset retirement obligation. Revisions to the asset retirement obligation are recorded with an offsetting change to producing properties, resulting in prospective changes to depreciation, depletion and amortization expense and accretion of discount. Because of the subjectivity of assumptions and the relatively long life of most of the Company’s wells, the costs to ultimately retire the wells may vary significantly from previous estimates.

 

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
Contingent Liabilities
9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Contingent Liabilities

(7) Contingent Liabilities:

The Company, as managing general partner of the affiliated Partnerships, is responsible for all Partnership activities, including the drilling of development wells and the production and sale of oil and gas from productive wells. The Company also provides the administration, accounting and tax preparation work for the Partnerships, and is liable for all debts and liabilities of the affiliated Partnerships, to the extent that the assets of a given limited Partnership are not sufficient to satisfy its obligations.

The Company is subject to environmental laws and regulations. Management believes that future expenses, before recoveries from third parties, if any, will not have a material effect on the Company’s financial condition. This opinion is based on expenses incurred to date for remediation and compliance with laws and regulations, which have not been material to the Company’s results of operations.

From time to time, the Company is party to certain legal actions arising in the ordinary course of business. While the outcome of these events cannot be predicted with certainty, management does not expect these matters to have a materially adverse effect on the financial position or results of operations of the Company.

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Options and Other Compensation
9 Months Ended
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Options and Other Compensation

(8) Stock Options and Other Compensation:

In May 1989, non-statutory stock options were granted by the Company to four key executive officers for the purchase of shares of common stock. At September 30, 2018 and 2017, remaining options held by two key executive officers on 767,500 shares were outstanding and exercisable at prices ranging from $1.00 to $1.25. According to their terms, the options have no expiration date.

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related Party Transactions
9 Months Ended
Sep. 30, 2018
Related Party Transactions [Abstract]  
Related Party Transactions

(9) Related Party Transactions:

The Company, as managing general partner or managing trustee, makes an annual offer to repurchase the interests of the partners and trust unit holders in certain of the Partnerships and Trusts. The Company purchased interests totaling $10,000 and $60,000 for the nine months ended September 30, 2018 and 2017, respectively.

Payables owed to related parties primarily represent receipts collected by the Company as agent for the joint venture partners, which may include members of the Company’s Board of Directors, for oil and gas sales net of expenses.

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Financial Instruments
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Financial Instruments

(10) Financial Instruments

Fair Value Measurements:

Authoritative guidance on fair value measurements defines fair value, establishes a framework for measuring fair value and stipulates the related disclosure requirements. The Company follows a three-level hierarchy, prioritizing and defining the types of inputs used to measure fair value. The fair values of the natural gas, crude oil price swaps and natural gas liquid swaps are designated as Level 3. The following fair value hierarchy table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017:

 

September 30, 2018

   Quoted Prices in
Active Markets
For Identical
Assets (Level 1)
     Significant
Other
Observable
Inputs (Level 2)
     Significant
Unobservable
Inputs (Level 3)
     Balance at
September 30,
2018
 
(Thousands of dollars)                            

Assets

           

Commodity derivative contracts

   $ —        $ —        $ 68      $ 68  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

     —        $ —        $ 68      $ 68  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities

           

Commodity derivative contracts

   $ —        $ —        $ (11,254    $ (11,254
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

   $ —        $ —        $ (11,254    $ (11.254
  

 

 

    

 

 

    

 

 

    

 

 

 

December 31, 2017

   Quoted Prices in
Active Markets
For Identical
Assets (Level 1)
     Significant
Other
Observable
Inputs (Level 2)
     Significant
Unobservable
Inputs (Level 3)
     Balance at
December 31,
2017
 

(Thousands of dollars)

           

Assets

           

Commodity derivative contracts

   $ —        $ —        $ 388      $ 388  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

   $ —        $ —        $ 388      $ 388  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities

           

Commodity derivative contract

   $ —       

$

—  

 

   $ (3,422    $ (3,422
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

   $ —        $ —        $ (3,422    $ (3,422
  

 

 

    

 

 

    

 

 

    

 

 

 

The derivative contracts were measured based on quotes from the Company’s counterparties. Such quotes have been derived using valuation models that consider various inputs including current market and contractual prices for the underlying instruments, quoted forward prices for natural gas , crude oil, natural gas liquids, volatility factors and interest rates, such as a LIBOR curve for a similar length of time as the derivative contract term as applicable. These estimates are verified using comparable NYMEX futures contracts or are compared to multiple quotes obtained from counterparties for reasonableness.

The significant unobservable inputs for Level 3 derivative contracts include basis differentials and volatility factors. An increase (decrease) in these unobservable inputs would result in an increase (decrease) in fair value, respectively. The Company does not have access to the specific assumptions used in its counterparties’ valuation models. Consequently, additional disclosures regarding significant Level 3 unobservable inputs were not provided.

The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy for the nine months ended September 30, 2018.

 

(Thousands of dollars)       

Net Liabilities – December 31, 2017

   $ (3,034

Total realized and unrealized gains (losses):

  

Included in earnings (a)

     (11,077

Purchases, sales, issuances and settlements

     2,925  
  

 

 

 

Net Liabilities – September 30, 2018

   $ (11,186
  

 

 

 

 

a)

Derivative instruments are reported in revenues as realized gain (loss) and on a separately reported line item captioned unrealized gain (loss) on derivative instruments.

 

Derivative Instruments:

The Company is exposed to commodity price and interest rate risk, and management considers periodically the Company’s exposure to cash flow variability resulting from the commodity price changes and interest rate fluctuations. Futures, swaps and options are used to manage the Company’s exposure to commodity price risk inherent in the Company’s oil and gas production operations. The Company does not apply hedge accounting to any of its commodity based derivatives. Both realized and unrealized gains and losses associated with commodity derivative instruments are recognized in earnings.

The following table sets forth the effect of derivative instruments on the consolidated balance sheets at September 30, 2018 and December 31, 2017:

 

          Fair Value  
(Thousands of dollars)   Balance Sheet Location     September 30,
2018
    December 31,
2017
 

Asset Derivatives:

     

Derivatives not designated as cash-flow hedging instruments:

     

Natural gas commodity contracts

    Other Current Assets     $ 55     $ —    

Natural gas liquid contracts

    Other Current Assets       —         —    

Crude oil commodity contracts

    Other Current Assets       —         344  

Natural gas commodity contracts

    Other Assets       13       44  

Natural gas liquid contracts

    Other Assets       —         —    
   

 

 

   

 

 

 

Total

    $ 68     $ 388  
   

 

 

   

 

 

 

Liability Derivatives:

     

Derivatives not designated as cash-flow hedging instruments:

     

Crude oil commodity contracts

    Derivative liability short-term       (7,420)       (1,504)  

Natural gas commodity contracts

    Derivative liability short-term       (47)       (4)  

Natural gas liquid contracts

    Derivative liability short-term       (561)       —    

Crude oil commodity contracts

    Derivative liability long-term       (3,143)       (1,910)  

Natural gas commodity contracts

    Derivative liability long-term       —         (4)  

Natural gas liquid contracts

    Derivative liability long-term       (83)       —    
   

 

 

   

 

 

 

Total

    $  (11,254)     $  (3,422)  
   

 

 

   

 

 

 

Total derivative instruments

    $ (11,186)     $  (3,034)  
   

 

 

   

 

 

 

The following table sets forth the effect of derivative instruments on the consolidated statements of operations for the nine month period ended September 30, 2018 and 2017:

 

    

Location of gain (loss) recognized in income

   Amount of gain/loss
recognized in income
 

(Thousands of dollars)

   2018      2017  

Derivatives not designated as cash-flow hedge instruments:

        

Natural gas commodity contracts

   Unrealized (loss) gain on derivative instruments, net    $ (359    $ 1,709  

Crude oil commodity contracts

   Unrealized (loss) gain on derivative instruments, net    $ (7,148      1,383  

Natural gas liquids contracts

   Unrealized gain on derivative instruments, net      (645      —    

Natural gas commodity contracts

   Realized (loss) on derivative instruments, net      124        (130

Crude oil commodity contracts

   Realized (loss) on derivative instruments, net      (2,895      81  

Natural gas liquids contracts

   Realized gain on derivative instruments, net      (154      —    
     

 

 

    

 

 

 
      $ (11,077    $ 3,043  

 

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

(11) Earnings Per Share:

Basic earnings per share are computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect per share amounts that would have resulted if dilutive potential common stock had been converted to common stock in gain periods. The following reconciles amounts reported in the financial statements:

 

     Nine months Ended September 30,  
     2018      2017  
     Net Income
(In 000’s)
     Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
     Net Income
(In 000’s)
    Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
 

Basic

   $ 7,115        2,102,853      $ 3.38      $ 20,648       2,223,399      $ 9.29  

Effect of dilutive securities: Options

        754,558             750,731     
  

 

 

    

 

 

       

 

 

   

 

 

    

Diluted

   $ 7,115        2,857,411      $ 2.49      $ 20,648       2,974,130      $ 6.94  
  

 

 

    

 

 

       

 

 

   

 

 

    
     Three Months Ended September,  
     2018      2017  
     Net Income
(In 000’s)
     Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
     Net Income
(In 000’s)
    Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
 

Basic

   $ 4,353        2,069,231      $ 2.10      $ (2,012     2,187,894      $ (0.92

Effect of dilutive securities: Options (a)

        756,366           —         —       
  

 

 

    

 

 

       

 

 

   

 

 

    

Diluted

   $ 4,353        2,825,597      $ 1.54      $ (2,012     2,187,894      $ (0.92
  

 

 

    

 

 

       

 

 

   

 

 

    

 

(a)

The effect of the 767,500 outstanding stock option is anti-dilutive for the three months ended September 30, 2017 due to net loss for the period.

This Report may contain statements relating to the future results of the Company that are considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “PSLRA”). In addition, certain statements may be contained in the Company’s future filings with the SEC, in press releases, and in oral and written statements made by or with the approval of the Company that are not statements of historical fact and constitute forward-looking statements within the meaning of the PSLRA. Such forward-looking statements, in addition to historical information, which involve risk and uncertainties, are based on the beliefs, assumptions and expectations of management of the Company. Words such as “expects”, ‘believes”, “should”, “plans”, “anticipates”, “will”, “potential”, “could”, “intend”, “may”, “outlook”, “predict”, “project”, “would”, “estimates”, “assumes”, “likely” and variations of such similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company’s oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company’s ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected. The forward-looking statements are made as of the date of this Report and other than as required by the federal securities laws, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.

 

XML 30 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation (Policies)
9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Recently Adopted Accounting Pronouncements

Recently Adopted Accounting Pronouncements

On January 1, 2018, PrimeEnergy adopted ASU 2014-09, “Revenue from Contracts with Customers (ASC 606),” using the modified retrospective method. The Company elected to evaluate all contracts at the date of initial application. While there was no impact to the opening balance of retained earnings as a result of the adoption, certain items previously netted in revenue are now recognized as lease operating expense in the Company’s statement of consolidated operations. The amounts are immaterial to the financial statements, and prior comparative periods have not been restated and continue to be reported under the accounting standards in effect for those periods. Adoption of the new standard is not anticipated to have a material impact on the Company’s net earnings on an ongoing basis.

The Company applies the provisions of ASC 606 for revenue recognition to contracts with customers. Sales of crude oil, natural gas, and natural gas liquids (NGLs) are included in revenue when production is sold to a customer in fulfillment of performance obligations under the terms of agreed contracts. Performance obligations primarily comprise delivery of oil, gas, or NGLs at a delivery point, as negotiated within each contract. Each barrel of oil, million Btu (MMBtu) of natural gas, or other unit of measure is separately identifiable and represents a distinct performance obligation to which the transaction price is allocated. Performance obligations are satisfied at a point in time once control of the product has been transferred to the customer. The Company considers a variety of facts and circumstances in assessing the point of control transfer, including but not limited to: whether the purchaser can direct the use of the hydrocarbons, the transfer of significant risks and rewards, the Company’s right to payment, and transfer of legal title. In each case, the term between delivery and when payments are due is not significant.

PrimeEnergy records trade accounts receivable for its unconditional rights to consideration arising under sales contracts with customers. The carrying value of such receivables, net of the allowance for doubtful accounts, represents estimated net realizable value. The Company routinely assesses the collectability of all material trade and other receivables. The Company accrues a reserve on a receivable when, based on the judgment of management, it is probable that a receivable will not be collected and the amount of any reserve may be reasonably estimated. PrimeEnergy has concluded that the disaggregation of revenue by product appropriately depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.

Practical Expedients and Exemptions

PrimeEnergy does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or contracts for which variable consideration is allocated entirely to a wholly unsatisfied performance obligation.

PrimeEnergy will utilize the practical expedient to expense incremental costs of obtaining a contract if the expected amortization period is one year or less. Costs to obtain a contract with expected amortization periods of greater than one year will be recorded as an asset and will be recognized in accordance with ASC 340, “Other Assets and Deferred Costs.” Currently, the Company does not have contract assets related to incremental costs to obtain a contract.

 

New Pronouncements Issued But Not Yet Adopted

In February 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-02, “Leases (Topic 842),” requiring lessees to recognize lease assets and lease liabilities for most leases classified as operating leases under previous GAAP. The guidance is effective for fiscal years beginning after December 15, 2018. Early adoption is permitted; however, the Company does not intend to early adopt. In January 2018, the FASB issued ASU 2018-01, which permits an entity an optional election to not evaluate under ASU 2016-02 those existing or expired land easements that were not previously accounted for as leases prior to the adoption of ASU 2016-02. In July 2018, the FASB issued ASU 2018-11, which adds a transition option permitting entities to apply the provisions of the new standard at its adoption date instead of the earliest comparative period presented in the consolidated financial statements. Under this transition option, comparative reporting would not be required, and the provisions of the standard would be applied prospectively to leases in effect at the date of adoption. The Company intends to elect both transitional practical expedients.

In the normal course of business, the Company enters into various lease agreements for office space and equipment related to its exploration and development activities that are currently accounted for as operating leases. At this time, the Company cannot reasonably estimate the financial impact this will have on its consolidated financial statements; however, the Company believes adoption and implementation of this ASU will not significantly impact its balance sheet.

In June 2018, the FASB issued ASU 2018-07, “Improvements to Nonemployee Share-Based Payment Accounting,” to simplify the accounting for share-based transactions by expanding the scope of Topic 718 from only being applicable to share-based payments to employees to also include share-based payment transactions for acquiring goods and services from nonemployees. As a result, the same guidance that provides for employee share-based payments, including most of the requirements related to classification and measurement, applies to nonemployee share-based payment arrangements. ASU 2018-07 is effective for financial statements issued for annual periods beginning after December 15, 2018 and interim periods within those annual periods. Early adoption is permitted. The Company anticipates adopting this guidance for the first quarter of 2019 and does not expect it to have a material impact on its consolidated financial statements.

In August 2018, the FASB issued ASU 2018-13, “Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement,” which changes the disclosure requirements for fair value measurements by removing, adding, and modifying certain disclosures. ASU 2018-13 is effective for financial statements issued for annual periods beginning after December 15, 2019, and interim periods within those annual periods. Early adoption is permitted. The company is currently evaluating the impact of adoption of this ASU on its related disclosures and does not expect it to have a material impact on its financial statements.

In August 2018, the FASB issued ASU 2018-15, “Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.” This pronouncement clarifies the requirements for capitalizing implementation costs in cloud computing arrangements and aligns them with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted, including adoption in any interim period for which financial statements have not been issued. The Company is currently evaluating the impact of adoption of this ASU on its consolidated financial statements and does not expect it to have a material impact.

XML 31 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
Additional Balance Sheet Information (Tables)
9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of Balance Sheet Amounts

Certain balance sheet amounts are comprised of the following:

 

(Thousands of dollars)    September 30,
2018
     December 31,
2017
 

Accounts Receivable:

     

Joint interest billing

   $ 1,873      $ 3,173  

Trade receivables

     2,207        941  

Oil and gas sales

     10,456        12,941  

Other

     361        4  
  

 

 

    

 

 

 
     14,897        17,059  

Less: Allowance for doubtful accounts

     (98      (98
  

 

 

    

 

 

 

Total

   $ 14,799      $ 16,961  
  

 

 

    

 

 

 

Accounts Payable:

     

Trade

   $ 1,153      $ 14,317  

Royalty and other owners

     7,944        8,341  

Prepaid drilling deposits

     114        67  

Other

     1,404        1,890  
  

 

 

    

 

 

 

Total

   $ 10,615      $ 24,615  
  

 

 

    

 

 

 

Accrued Liabilities:

     

Compensation and related expenses

   $ 2,387      $ 2,449  

Property costs

     12,092        9,141  

Income Tax

     —          4,180  

Other

     785        524  
  

 

 

    

 

 

 

Total

   $ 15,264      $ 16,294  
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment (Tables)
9 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
Property and equipment

Property and equipment at September 30, 2018 and December 31, 2017 consisted of the following:

 

(Thousands of dollars)    September 30,
2018
     December 31,
2017
 

Proved oil and gas properties, at cost

   $ 499,958      $ 476,570  

Less: Accumulated depletion and depreciation

     (281,824      (263,569
  

 

 

    

 

 

 

Oil and Gas Properties, Net

   $ 218,134      $ 213,001  
  

 

 

    

 

 

 

Field and office equipment

   $ 26,788      $ 26,241  

Less: Accumulated depreciation

     (20,192      (19,267
  

 

 

    

 

 

 

Field and Office Equipment, Net

   $ 6,596      $ 6,974  
  

 

 

    

 

 

 

Total Property and Equipment, Net

   $ 224,730      $ 219,975  
  

 

 

    

 

 

 

XML 33 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Long-Term Obligations and Commitments (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Summary of Future Minimum Lease Payments for Non-Cancelable Operating Leases

The future minimum lease payments for the rest of fiscal 2018 and thereafter for the operating leases are as follows:

 

(Thousands of dollars)    Operating
Leases
 

2018

   $ 133  

2019

     222  

2020

     69  

2021

     17  
  

 

 

 

Total minimum payments

   $ 441  
  

 

 

 

 

Reconciliation of Liability for Plugging and Abandonment Costs

A reconciliation of the liability for plugging and abandonment costs for the nine months ended September 30, 2018 is as follows:

 

(Thousands of dollars)       

Asset retirement obligation – December 31, 2017

   $ 23,578  

Liabilities incurred

     42

Liabilities settled

     (1,967

Accretion expense

     840  
  

 

 

 

Asset retirement obligation – September 30, 2018

   $ 22,493  
  

 

 

 

 

XML 34 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following fair value hierarchy table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017:

 

September 30, 2018

   Quoted Prices in
Active Markets
For Identical
Assets (Level 1)
     Significant
Other
Observable
Inputs (Level 2)
     Significant
Unobservable
Inputs (Level 3)
     Balance at
September 30,
2018
 
(Thousands of dollars)                            

Assets

           

Commodity derivative contracts

   $ —        $ —        $ 68      $ 68  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

     —        $ —        $ 68      $ 68  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities

           

Commodity derivative contracts

   $ —        $ —        $ (11,254    $ (11,254
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

   $ —        $ —        $ (11,254    $ (11.254
  

 

 

    

 

 

    

 

 

    

 

 

 

December 31, 2017

   Quoted Prices in
Active Markets
For Identical
Assets (Level 1)
     Significant
Other
Observable
Inputs (Level 2)
     Significant
Unobservable
Inputs (Level 3)
     Balance at
December 31,
2017
 

(Thousands of dollars)

           

Assets

           

Commodity derivative contracts

   $ —        $ —        $ 388      $ 388  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

   $ —        $ —        $ 388      $ 388  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities

           

Commodity derivative contract

   $ —       

$

—  

 

   $ (3,422    $ (3,422
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

   $ —        $ —        $ (3,422    $ (3,422
  

 

 

    

 

 

    

 

 

    

 

 

 

 

Schedule of Changes in Fair Value of Financial Assets and Liabilities Classified as Level 3

The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy for the nine months ended September 30, 2018.

 

(Thousands of dollars)       

Net Liabilities – December 31, 2017

   $ (3,034

Total realized and unrealized gains (losses):

  

Included in earnings (a)

     (11,077

Purchases, sales, issuances and settlements

     2,925  
  

 

 

 

Net Liabilities – September 30, 2018

   $ (11,186
  

 

 

 

 

a)

Derivative instruments are reported in revenues as realized gain (loss) and on a separately reported line item captioned unrealized gain (loss) on derivative instruments.

 

Effect of Derivative Instruments on Consolidated Balance Sheets

The following table sets forth the effect of derivative instruments on the consolidated balance sheets at September 30, 2018 and December 31, 2017:

 

          Fair Value  
(Thousands of dollars)   Balance Sheet Location     September 30,
2018
    December 31,
2017
 

Asset Derivatives:

     

Derivatives not designated as cash-flow hedging instruments:

     

Natural gas commodity contracts

    Other Current Assets     $ 55     $ —    

Natural gas liquid contracts

    Other Current Assets       —         —    

Crude oil commodity contracts

    Other Current Assets       —         344  

Natural gas commodity contracts

    Other Assets       13       44  

Natural gas liquid contracts

    Other Assets       —         —    
   

 

 

   

 

 

 

Total

    $ 68     $ 388  
   

 

 

   

 

 

 

Liability Derivatives:

     

Derivatives not designated as cash-flow hedging instruments:

     

Crude oil commodity contracts

    Derivative liability short-term       (7,420)       (1,504)  

Natural gas commodity contracts

    Derivative liability short-term       (47)       (4)  

Natural gas liquid contracts

    Derivative liability short-term       (561)       —    

Crude oil commodity contracts

    Derivative liability long-term       (3,143)       (1,910)  

Natural gas commodity contracts

    Derivative liability long-term       —         (4)  

Natural gas liquid contracts

    Derivative liability long-term       (83)       —    
   

 

 

   

 

 

 

Total

    $  (11,254)     $  (3,422)  
   

 

 

   

 

 

 

Total derivative instruments

    $ (11,186)     $  (3,034)  
   

 

 

   

 

 

 

Effect of Derivative Instruments on Consolidated Statements of Operations

The following table sets forth the effect of derivative instruments on the consolidated statements of operations for the nine month period ended September 30, 2018 and 2017:

 

    

Location of gain (loss) recognized in income

   Amount of gain/loss
recognized in income
 

(Thousands of dollars)

   2018      2017  

Derivatives not designated as cash-flow hedge instruments:

        

Natural gas commodity contracts

   Unrealized (loss) gain on derivative instruments, net    $ (359    $ 1,709  

Crude oil commodity contracts

   Unrealized (loss) gain on derivative instruments, net    $ (7,148      1,383  

Natural gas liquids contracts

   Unrealized gain on derivative instruments, net      (645      —    

Natural gas commodity contracts

   Realized (loss) on derivative instruments, net      124        (130

Crude oil commodity contracts

   Realized (loss) on derivative instruments, net      (2,895      81  

Natural gas liquids contracts

   Realized gain on derivative instruments, net      (154      —    
     

 

 

    

 

 

 
      $ (11,077    $ 3,043  

 

XML 35 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) per Share

The following reconciles amounts reported in the financial statements:

 

     Nine months Ended September 30,  
     2018      2017  
     Net Income
(In 000’s)
     Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
     Net Income
(In 000’s)
    Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
 

Basic

   $ 7,115        2,102,853      $ 3.38      $ 20,648       2,223,399      $ 9.29  

Effect of dilutive securities: Options

        754,558             750,731     
  

 

 

    

 

 

       

 

 

   

 

 

    

Diluted

   $ 7,115        2,857,411      $ 2.49      $ 20,648       2,974,130      $ 6.94  
  

 

 

    

 

 

       

 

 

   

 

 

    
     Three Months Ended September,  
     2018      2017  
     Net Income
(In 000’s)
     Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
     Net Income
(In 000’s)
    Weighted
Average
Number of
Shares
Outstanding
     Per Share
Amount
 

Basic

   $ 4,353        2,069,231      $ 2.10      $ (2,012     2,187,894      $ (0.92

Effect of dilutive securities: Options (a)

        756,366           —         —       
  

 

 

    

 

 

       

 

 

   

 

 

    

Diluted

   $ 4,353        2,825,597      $ 1.54      $ (2,012     2,187,894      $ (0.92
  

 

 

    

 

 

       

 

 

   

 

 

    

 

(a)

The effect of the 767,500 outstanding stock option is anti-dilutive for the three months ended September 30, 2017 due to net loss for the period.

XML 36 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Acquisitions and Dispositions - Additional Information (Detail)
9 Months Ended
Sep. 30, 2018
USD ($)
a
Well
Sep. 30, 2017
USD ($)
Business Acquisition [Line Items]    
Purchase of non-controlling interests $ 10,000 $ 60,000
Proceeds from sale of property and equipment 2,623,000 46,977,000
Capital expenditures, including exploration expense 29,317,000 40,057,000
Texas, Oklahoma, Kansas, Colorado and Wyoming [Member] | Mineral Acreage [Member]    
Business Acquisition [Line Items]    
Proceeds from sale of property and equipment $ 3,000,000  
Reagan County, Texas [Member] | Mineral Acreage [Member]    
Business Acquisition [Line Items]    
Number of net acres sold or farmed-out leasehold rights | a 464  
Number of oil wells with working interest ownership | Well 53  
Number of commercial salt water disposal well operated | Well 1  
Capital expenditures, including exploration expense $ 6,080,000  
Reagan County, Texas [Member] | Mineral Acreage [Member] | Minimum [Member]    
Business Acquisition [Line Items]    
Percentage of working interest ownership 16.60%  
Reagan County, Texas [Member] | Mineral Acreage [Member] | Maximum [Member]    
Business Acquisition [Line Items]    
Percentage of working interest ownership 33.40%  
Partnership And Trust [Member]    
Business Acquisition [Line Items]    
Purchase of non-controlling interests $ 10,000 $ 60,000
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Additional Balance Sheet Information - Components of Balance Sheet Amounts (Detail) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Accounts Receivable:    
Joint interest billings $ 1,873 $ 3,173
Trade receivables 2,207 941
Oil and gas sales 10,456 12,941
Other 361 4
Accounts Receivable, Gross 14,897 17,059
Less: Allowance for doubtful accounts (98) (98)
Total 14,799 16,961
Accounts Payable:    
Trade 1,153 14,317
Royalty and other owners 7,944 8,341
Prepaid drilling deposits 114 67
Other 1,404 1,890
Total 10,615 24,615
Accrued Liabilities:    
Compensation and related expenses 2,387 2,449
Property costs 12,092 9,141
Income tax   4,180
Other 785 524
Total $ 15,264 $ 16,294
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment - Components of Property and Equipment (Detail) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Property, Plant and Equipment [Abstract]    
Proved oil and gas properties, at cost $ 499,958 $ 476,570
Less: Accumulated depletion and depreciation (281,824) (263,569)
Oil and Gas Properties, Net 218,134 213,001
Field and office equipment 26,788 26,241
Less: Accumulated depreciation (20,192) (19,267)
Field and Office Equipment, Net 6,596 6,974
Total Property and Equipment, Net $ 224,730 $ 219,975
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Long-Term Debt - Additional Information (Detail) - USD ($)
1 Months Ended 9 Months Ended
Jan. 26, 2018
Jan. 12, 2018
Feb. 15, 2017
Jun. 26, 2015
Dec. 31, 2014
Aug. 31, 2014
Sep. 30, 2018
Jul. 17, 2018
Dec. 22, 2017
Sep. 30, 2017
Jul. 29, 2014
Credit Agreement [Member]                      
Debt Instrument [Line Items]                      
Outstanding borrowings under revolving credit facility             $ 56,500,000        
Weighted-average interest rate of borrowings             5.22%        
Credit facility remaining borrowing capacity             $ 33,500,000        
Additional Equipment Loan [Member]                      
Debt Instrument [Line Items]                      
Credit facility remaining borrowing capacity           $ 1,200,000          
Equipment Loan, face amount                     $ 6,000,000
Additional equipment Loan, drawings         $ 500,000 $ 4,800,000          
Percentage for base rate loans at the prime rate 3.50%         3.40%          
Equipment Loan, monthly payment $ 7,986         $ 87,800          
Equipment Loan, maturity date Jun. 26, 2020           Jul. 31, 2019        
Equipment Loan, interest rate description             Interim draws on this facility carried a floating interest rate; payable monthly at the LIBO published rate plus 2.50% and on June 26, 2015 converted into a fixed term loan, with a rate of 3.50% and requiring monthly payments        
Company's bank debt             $ 1,025,000        
Equipment Loan, principal payment amount   $ 20,858                  
Additional Equipment Loan [Member] | Significant Unobservable Inputs (Level 3) [Member]                      
Debt Instrument [Line Items]                      
Debt Instrument, Fair Value Disclosure             $ 922,000     $ 3,941,000  
Fixed Term Loan [Member] | Additional Equipment Loan [Member]                      
Debt Instrument [Line Items]                      
Equipment Loan, monthly payment       $ 8,700              
Equipment Loan, maturity date             Jun. 26, 2020        
Equipment Loan, Interest rate on fixed loans             3.50%        
2017 Credit Agreement [Member]                      
Debt Instrument [Line Items]                      
Credit facility borrowing capacity     $ 300,000,000                
Credit agreement date     Feb. 15, 2017                
Maturity date of amended and restated credit agreement     Feb. 15, 2021                
Credit facility borrowing base               $ 90,000,000 $ 85,000,000    
London Interbank Offered Rate (LIBOR) [Member] | Additional Equipment Loan [Member]                      
Debt Instrument [Line Items]                      
LIBOR rate loans             2.50%        
Base Rate And Libor [Member] | Credit Agreement [Member]                      
Debt Instrument [Line Items]                      
Debt instrument basis weighted average interest rate spread on variable rate             5.30%     4.98%  
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Long-Term Obligations and Commitments - Additional Information (Detail) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]    
Lease period description Term of more than one year  
Rent expense for office space $ 396,000 $ 509,000
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Long-Term Obligations and Commitments - Summary of Future Minimum Lease Payments for Non-Cancelable Operating Leases (Detail)
$ in Thousands
Sep. 30, 2018
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
2018 $ 133
2019 222
2020 69
2021 17
Total minimum payments $ 441
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Long-Term Obligations and Commitments - Reconciliation of Liability for Plugging and Abandonment Costs (Detail)
$ in Thousands
9 Months Ended
Sep. 30, 2018
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
Asset retirement obligation at beginning of period $ 23,578
Liabilities incurred 42
Liabilities settled (1,967)
Accretion expense 840
Asset retirement obligation at end of period $ 22,493
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Options and Other Compensation - Additional Information (Detail) - Nonstatutory Stock Options [Member]
Sep. 30, 2018
$ / shares
shares
Sep. 30, 2017
$ / shares
shares
May 31, 1989
Officers
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Options outstanding, shares | shares 767,500 767,500  
Options exercisable, shares | shares 767,500 767,500  
Number of key executive officers to whom non-statutory stock options granted | Officers     4
Minimum [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Average exercise price | $ / shares $ 1.00 $ 1.00  
Maximum [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Average exercise price | $ / shares $ 1.25 $ 1.25  
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related Party Transactions - Additional Information (Detail) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Related Party Transaction [Line Items]    
Purchase of non-controlling interests $ 10 $ 60
Partnership And Trust [Member]    
Related Party Transaction [Line Items]    
Purchase of non-controlling interests $ 10 $ 60
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1
Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Assets    
Derivative assets $ 68 $ 388
Liabilities    
Derivative liabilities (11,254) (3,422)
Fair Value, Measurements, Recurring [Member]    
Assets    
Derivative assets 68 388
Liabilities    
Derivative liabilities (11,254) (3,422)
Commodity Contract [Member] | Fair Value, Measurements, Recurring [Member]    
Assets    
Derivative assets 68 388
Liabilities    
Derivative liabilities (11,254) (3,422)
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member]    
Assets    
Derivative assets 68 388
Liabilities    
Derivative liabilities (11,254) (3,422)
Significant Unobservable Inputs (Level 3) [Member] | Commodity Contract [Member] | Fair Value, Measurements, Recurring [Member]    
Assets    
Derivative assets 68 388
Liabilities    
Derivative liabilities $ (11,254) $ (3,422)
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Financial Instruments - Schedule of Changes in Fair Value of Financial Assets and Liabilities Classified as Level 3 (Detail) - Significant Unobservable Inputs (Level 3) [Member]
$ in Thousands
9 Months Ended
Sep. 30, 2018
USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Net Liabilities at beginning of period $ (3,034)
Total realized and unrealized gains (losses):  
Included in earnings (11,077) [1]
Purchases, sales, issuances and settlements 2,925
Net Liabilities at end of period $ (11,186)
[1] Derivative instruments are reported in revenues as realized gain (loss) and on a separately reported line item captioned unrealized gain (loss) on derivative instruments.
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Financial Instruments - Effect of Derivative Instruments on Consolidated Balance Sheets (Detail) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Derivatives, Fair Value [Line Items]    
Derivative assets $ 68 $ 388
Derivative liabilities (11,254) (3,422)
Total derivative instruments (11,186) (3,034)
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Natural Gas Commodity Contracts [Member] | Other Current Assets [Member]    
Derivatives, Fair Value [Line Items]    
Derivative assets 55  
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Natural Gas Commodity Contracts [Member] | Other Assets [Member]    
Derivatives, Fair Value [Line Items]    
Derivative assets 13 44
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Natural Gas Commodity Contracts [Member] | Derivative Liability Short-Term [Member]    
Derivatives, Fair Value [Line Items]    
Derivative liabilities (47) (4)
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Natural Gas Commodity Contracts [Member] | Derivative liability Long Term [Member]    
Derivatives, Fair Value [Line Items]    
Derivative liabilities   (4)
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Natural Gas Liquid Contracts [Member] | Derivative Liability Short-Term [Member]    
Derivatives, Fair Value [Line Items]    
Derivative liabilities (561)  
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Crude Oil Commodity Contracts [Member] | Other Current Assets [Member]    
Derivatives, Fair Value [Line Items]    
Derivative assets   344
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Crude Oil Commodity Contracts [Member] | Derivative Liability Short-Term [Member]    
Derivatives, Fair Value [Line Items]    
Derivative liabilities (7,420) (1,504)
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Crude Oil Commodity Contracts [Member] | Derivative liability Long Term [Member]    
Derivatives, Fair Value [Line Items]    
Derivative liabilities (3,143) $ (1,910)
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Natural Gas Liquids [Member] | Derivative liability Long Term [Member]    
Derivatives, Fair Value [Line Items]    
Derivative liabilities $ (83)  
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Financial Instruments - Effect of Derivative Instruments on Consolidated Statements of Operations (Detail) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of gain/loss recognized in income $ (11,077) $ 3,043
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Natural Gas Commodity Contracts [Member] | Unrealized (Loss) Gain on Derivative Instruments, Net [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of gain/loss recognized in income (359) 1,709
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Natural Gas Commodity Contracts [Member] | Realized (Loss) Gain on Derivative Instruments, Net [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of gain/loss recognized in income 124 (130)
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Crude Oil Commodity Contracts [Member] | Unrealized (Loss) Gain on Derivative Instruments, Net [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of gain/loss recognized in income (7,148) 1,383
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Crude Oil Commodity Contracts [Member] | Realized (Loss) Gain on Derivative Instruments, Net [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of gain/loss recognized in income (2,895) $ 81
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Natural Gas Liquid Contracts [Member] | Unrealized (Loss) Gain on Derivative Instruments, Net [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of gain/loss recognized in income (645)  
Derivatives Not Designated as Cash-Flow Hedging Instruments [Member] | Natural Gas Liquid Contracts [Member] | Realized (Loss) Gain on Derivative Instruments, Net [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of gain/loss recognized in income $ (154)  
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Detail) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Earnings Per Share [Abstract]        
Net (Loss) Income, Basic $ 4,353 $ (2,012) $ 7,115 $ 20,648
Net (Loss) Income, Diluted $ 4,353 $ (2,012) $ 7,115 $ 20,648
Weighted Average Number of Shares Outstanding, Basic 2,069,231 2,187,894 2,102,853 2,223,399
Weighted Average Number of Shares Outstanding, Options 756,366   754,558 750,731
Weighted Average Number of Shares Outstanding, Diluted 2,825,597 2,187,894 2,857,411 2,974,130
Per Share Amount, Basic $ 2.10 $ (0.92) $ 3.38 $ 9.29
Per Share Amount, Diluted $ 1.54 $ (0.92) $ 2.49 $ 6.94
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Parenthetical) (Detail)
3 Months Ended
Sep. 30, 2017
shares
Earnings Per Share [Abstract]  
Anti dilutive shares 767,500
EXCEL 51 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 52 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 53 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 55 FilingSummary.xml IDEA: XBRL DOCUMENT 3.10.0.1 html 132 183 1 true 38 0 false 7 false false R1.htm 101 - Document - Document and Entity Information Sheet http://www.primeenergy.com/taxonomy/role/DocumentandEntityInformation Document and Entity Information Cover 1 false false R2.htm 103 - Statement - Condensed Consolidated Balance Sheet Sheet http://www.primeenergy.com/taxonomy/role/StatementOfFinancialPositionClassified Condensed Consolidated Balance Sheet Statements 2 false false R3.htm 104 - Statement - Condensed Consolidated Balance Sheet (Parenthetical) Sheet http://www.primeenergy.com/taxonomy/role/StatementOfFinancialPositionClassifiedParenthetical Condensed Consolidated Balance Sheet (Parenthetical) Statements 3 false false R4.htm 105 - Statement - Condensed Consolidated Statement of Operations Sheet http://www.primeenergy.com/taxonomy/role/StatementOfIncomeAlternative Condensed Consolidated Statement of Operations Statements 4 false false R5.htm 106 - Statement - Condensed Consolidated Statement of Equity Sheet http://www.primeenergy.com/taxonomy/role/StatementOfShareholdersEquityAndOtherComprehensiveIncome Condensed Consolidated Statement of Equity Statements 5 false false R6.htm 107 - Statement - Condensed Consolidated Statement of Equity (Parenthetical) Sheet http://www.primeenergy.com/taxonomy/role/StatementOfShareholdersEquityAndOtherComprehensiveIncomeParenthetical Condensed Consolidated Statement of Equity (Parenthetical) Statements 6 false false R7.htm 108 - Statement - Condensed Consolidated Statement of Cash Flows Sheet http://www.primeenergy.com/taxonomy/role/StatementOfCashFlowsIndirect Condensed Consolidated Statement of Cash Flows Statements 7 false false R8.htm 109 - Disclosure - Basis of Presentation Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsOrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock Basis of Presentation Notes 8 false false R9.htm 110 - Disclosure - Acquisitions and Dispositions Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsMergersAcquisitionsAndDispositionsDisclosuresTextBlock Acquisitions and Dispositions Notes 9 false false R10.htm 111 - Disclosure - Additional Balance Sheet Information Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsSupplementalBalanceSheetDisclosuresTextBlock Additional Balance Sheet Information Notes 10 false false R11.htm 112 - Disclosure - Property and Equipment Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsPropertyPlantAndEquipmentDisclosureTextBlock Property and Equipment Notes 11 false false R12.htm 113 - Disclosure - Long-Term Debt Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsLongTermDebtTextBlock Long-Term Debt Notes 12 false false R13.htm 114 - Disclosure - Other Long-Term Obligations and Commitments Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsOtherLongtermObligationsAndCommitmentsDisclosureTextBlock Other Long-Term Obligations and Commitments Notes 13 false false R14.htm 115 - Disclosure - Contingent Liabilities Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsLossContingencyDisclosures Contingent Liabilities Notes 14 false false R15.htm 116 - Disclosure - Stock Options and Other Compensation Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsDisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock Stock Options and Other Compensation Notes 15 false false R16.htm 117 - Disclosure - Related Party Transactions Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsRelatedPartyTransactionsDisclosureTextBlock Related Party Transactions Notes 16 false false R17.htm 118 - Disclosure - Financial Instruments Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsFairValueDisclosuresTextBlock Financial Instruments Notes 17 false false R18.htm 119 - Disclosure - Earnings Per Share Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsEarningsPerShareTextBlock Earnings Per Share Notes 18 false false R19.htm 120 - Disclosure - Basis of Presentation (Policies) Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsOrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlockPolicies Basis of Presentation (Policies) Policies 19 false false R20.htm 121 - Disclosure - Additional Balance Sheet Information (Tables) Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsSupplementalBalanceSheetDisclosuresTextBlockTables Additional Balance Sheet Information (Tables) Tables http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsSupplementalBalanceSheetDisclosuresTextBlock 20 false false R21.htm 122 - Disclosure - Property and Equipment (Tables) Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsPropertyPlantAndEquipmentDisclosureTextBlockTables Property and Equipment (Tables) Tables http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsPropertyPlantAndEquipmentDisclosureTextBlock 21 false false R22.htm 123 - Disclosure - Other Long-Term Obligations and Commitments (Tables) Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsOtherLongtermObligationsAndCommitmentsDisclosureTextBlockTables Other Long-Term Obligations and Commitments (Tables) Tables http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsOtherLongtermObligationsAndCommitmentsDisclosureTextBlock 22 false false R23.htm 124 - Disclosure - Financial Instruments (Tables) Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsFairValueDisclosuresTextBlockTables Financial Instruments (Tables) Tables http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsFairValueDisclosuresTextBlock 23 false false R24.htm 125 - Disclosure - Earnings Per Share (Tables) Sheet http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsEarningsPerShareTextBlockTables Earnings Per Share (Tables) Tables http://www.primeenergy.com/taxonomy/role/NotesToFinancialStatementsEarningsPerShareTextBlock 24 false false R25.htm 126 - Disclosure - Acquisitions and Dispositions - Additional Information (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureAcquisitionsAndDispositionsAdditionalInformation Acquisitions and Dispositions - Additional Information (Detail) Details 25 false false R26.htm 127 - Disclosure - Additional Balance Sheet Information - Components of Balance Sheet Amounts (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureAdditionalBalanceSheetInformationComponentsOfBalanceSheetAmounts Additional Balance Sheet Information - Components of Balance Sheet Amounts (Detail) Details 26 false false R27.htm 128 - Disclosure - Property and Equipment - Components of Property and Equipment (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosurePropertyAndEquipmentComponentsOfPropertyAndEquipment Property and Equipment - Components of Property and Equipment (Detail) Details 27 false false R28.htm 129 - Disclosure - Long-Term Debt - Additional Information (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureLongTermDebtAdditionalInformation Long-Term Debt - Additional Information (Detail) Details 28 false false R29.htm 130 - Disclosure - Other Long-Term Obligations and Commitments - Additional Information (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureOtherLongTermObligationsAndCommitmentsAdditionalInformation Other Long-Term Obligations and Commitments - Additional Information (Detail) Details 29 false false R30.htm 131 - Disclosure - Other Long-Term Obligations and Commitments - Summary of Future Minimum Lease Payments for Non-Cancelable Operating Leases (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureOtherLongTermObligationsAndCommitmentsSummaryOfFutureMinimumLeasePaymentsForNonCancelableOperatingLeases Other Long-Term Obligations and Commitments - Summary of Future Minimum Lease Payments for Non-Cancelable Operating Leases (Detail) Details 30 false false R31.htm 132 - Disclosure - Other Long-Term Obligations and Commitments - Reconciliation of Liability for Plugging and Abandonment Costs (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureOtherLongTermObligationsAndCommitmentsReconciliationOfLiabilityForPluggingAndAbandonmentCosts Other Long-Term Obligations and Commitments - Reconciliation of Liability for Plugging and Abandonment Costs (Detail) Details 31 false false R32.htm 133 - Disclosure - Stock Options and Other Compensation - Additional Information (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureStockOptionsAndOtherCompensationAdditionalInformation Stock Options and Other Compensation - Additional Information (Detail) Details 32 false false R33.htm 134 - Disclosure - Related Party Transactions - Additional Information (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureRelatedPartyTransactionsAdditionalInformation Related Party Transactions - Additional Information (Detail) Details 33 false false R34.htm 135 - Disclosure - Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureFinancialInstrumentsScheduleOfAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasis Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) Details 34 false false R35.htm 136 - Disclosure - Financial Instruments - Schedule of Changes in Fair Value of Financial Assets and Liabilities Classified as Level 3 (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureFinancialInstrumentsScheduleOfChangesInFairValueOfFinancialAssetsAndLiabilitiesClassifiedAsLevel3 Financial Instruments - Schedule of Changes in Fair Value of Financial Assets and Liabilities Classified as Level 3 (Detail) Details 35 false false R36.htm 137 - Disclosure - Financial Instruments - Effect of Derivative Instruments on Consolidated Balance Sheets (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureFinancialInstrumentsEffectOfDerivativeInstrumentsOnConsolidatedBalanceSheets Financial Instruments - Effect of Derivative Instruments on Consolidated Balance Sheets (Detail) Details 36 false false R37.htm 138 - Disclosure - Financial Instruments - Effect of Derivative Instruments on Consolidated Statements of Operations (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureFinancialInstrumentsEffectOfDerivativeInstrumentsOnConsolidatedStatementsOfOperations Financial Instruments - Effect of Derivative Instruments on Consolidated Statements of Operations (Detail) Details 37 false false R38.htm 139 - Disclosure - Earnings per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureEarningsPerShareComputationOfBasicAndDilutedEarningsLossPerShare Earnings per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Detail) Details 38 false false R39.htm 140 - Disclosure - Earnings per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Parenthetical) (Detail) Sheet http://www.primeenergy.com/taxonomy/role/DisclosureEarningsPerShareComputationOfBasicAndDilutedEarningsLossPerShareParenthetical Earnings per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Parenthetical) (Detail) Details 39 false false All Reports Book All Reports pnrg-20180930.xml pnrg-20180930.xsd pnrg-20180930_cal.xml pnrg-20180930_def.xml pnrg-20180930_lab.xml pnrg-20180930_pre.xml http://fasb.org/us-gaap/2018-01-31 http://xbrl.sec.gov/dei/2018-01-31 http://fasb.org/srt/2018-01-31 true true ZIP 57 0001193125-18-329283-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-18-329283-xbrl.zip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

G_"&T.^E-AFXTX3,74?)]/%_^4<9-]%K>1S/ M4@DY @(W"SF0@HCE$,Z(.J9$GX^TD5,YU5NS43+O$\4M YK1@PZ7H98/D''( MV'VFTCE^SM.4)5?&T9CCD=(HFB9+OMT0 [%!@*[(VT6QG^/*(:R6R>B2Q_0R MI+)@RI[_RH0)16F73O'0L@D/R#1M9.%?R%8,13?X;ZPJ[+>MFM;+L@HZLAS' MPAW94BU#UCJ.(K>MGBYCW,;(4ML=V\'T:45[L"^^L&!Q63%D;"RK8FP'XC5@ M+V<+^)8^UZ5OA$]9^8GB %]4#9E0@N3+A5Q^ZQ^#%O/BB_)>475E&TJV@5H* M+QQ/>\R U!CMD2TKIJRB8VF?*S%R/?PG4Y;4&F'8895D#BZ6=$IPD7+QA9/- M'TM>[/ZDFBZD\H9.3AJZ@TR-#MPX]IEZD(9!Y,XD9&DTD_%Y7_IZU8 ZE_YJ&1,(&W[/H#"D_J K( M5%_$/NK_HC]X7CC]/!7RF3:9#4?EJ[H8+":L2@V;X'PF\W#;;91\G4*OT98_ M<$=%KNM=A_DWT:GH2G_;NHF,7\BT3$LO9F6KC L,OK+Q]I6]'=AU%,TK:&VJ MJO6-'%S(C>+"0KIB4MP@C?[)?F-+41EN;$VWV6\-&1;#':+K][#:2:;=-;J* MZLC]3MND&..%AFR*MKZA=WNFVG9Z?28+T8-^\45&NK92->E-X 7$E85-O4!< M888K3'%E:+KHN%)M VMGY"N5X8JJ'QE;=O6153!C:0Q9B"++1)HE.K(TI*O& M&3E+9\A2+[X@++S >A-5!?.5P5!%;2)9U>UC<-5W_9@7SJ-WEH_Q0]VYS_'Y M*R^R1ZA&O27LQ&%683#Y,XP>$Q+_8#KV,IQ,T^1V);!Q/H%+?EY!O,NPY\8A M??L8B]+"BLD1CFT3'8;@OHGZV-;ZLJVRNG6F8U+7\<(]-C?[GW;N_CD Z%42* M1I%N&KJI%5B]EAJ;*C//-55;E=T'@"L"OBQ+5!WRIJH5Q@?C2&+ZHX:F;AJ76 F&&:AD%(DQG"*.:P]8M MZS3XX@?3-R1F4>#N$[D>_A7%W^F#\^/'ZY\AB9.1/SD*.[:N\X,7W<#L-U)4 MB_TVL,XVU#96-95C#YG*O@R-HSDCWLS.".^C697K:S]P M0N\/-YEW!J6_>O3.Y)A6!)L0M@5!6Y;@AE+1.V%)G1U8&8JU6N9[/\!SC#6O MD$Z?_XOYI=BZ+8/!MN"+S>$T#*7.CA58=?B](=V (.8CH_SHNP$U8=._W)3U MA$@F4>+RX;(*=N087]"9<*11$VL-13O"NK;VXFA B)Q==7/XR8YVG.?%TR8+7ZN1:])1Y91 UV%M>+0U05NT"IF=@2P=*Q0CL%\OZ?B M0_=[.S9F4-DAE(*8AT%3JX0;R\9*P;@QV#^GPPU==$,_94=#E0*?"E\3(7U= MHLQ >:5!2=;19-[+HP"87W9JV:AG]H27'5TK5'3K6SJ4K()57H.6LQ#_N'XM MYY *FG[@B?VNF#$?N!)A8D$73RJ4!C[S'2(%[R063@JCC4S]T$.]'6'4'DRQ M))^M(@L7)_GT!ZLBDF\=$040?X:,TTB^O.G==L/O+-!E=S2HB&%!0YC^L2$0 MZY"=Q*[!6MFQXRL;B3DTKT4M90%Y_F"V]=\#<$Y^3;$. WS#V<6N<&-V"F:9 MEK(U.FD-J)/2^SBPCZ$W9O3FP0W[$=P)4]]C??S\'^2.^=MX>FOO5^;[S(Y; MQY-IZF9!;W-7*$4BER;.F(5"[XXAFTT6F3LT[=LH$*TV[O7HZ[)C=NA>L=O6 M9,=P3-FVVKK:I3?IU[)F9Z9AZGE,G 3.5=0QF7$]O"/Q#W] DL5IV/'(.+F; MZX%)0Q6M^6RVS/\ED"Q^NY<%Q(L)G+-M-"JW;8+,*O@K_/WK)7G22%^F)#XX>7"Q@?#CEEO5N6]C9>0;X'C M=6#W[#1Z%E"--T'=T%]T4[#14O$EWTAZ$Y-T'T=@>8S-SHCU50&U*SC;D+#A MK/2 \^$2US8E^GHDV6[0K&& A*QS&Q, 'JLD33'&<3>3A$*"SC(I]#4)_@8< MJT!?AH-H3!BJYCYB/YS2]3+K^T/W[6TRC&*2/7?O_F+:GPX8Q9X?NO'S94K& MR;/8D1<^B ^!>8:PE@LQB4G5['>*W@5D%GUY8,I3SP_5Y0\?[ MB/GNHI!OHD=1X)$X.;U&?0L3CF,H';JSEND875DS3??E+M8-I]O%3K]/ M-]\\.)=^:M55W(5:&_"?5KI$[3V'^B.V7<#&6AC+ALEO@8YW!A399J*KV# -O!F\ M_.S7 &19VAGT(H)E77S15J/]%AV2^.Y#8Z(&8!CD)"8E,1 M8B)K8TSY&AA_AC%Q __?Q-NT>Q,2.B8F$%Y;1V_ L0KT7X15)R*>PSIF/Y%Y MC--,369NE^MIFJ1NF%4,.?UQZ88C\S8VNYU>QY:QYG1DK6-V9G."UG,];B$?D^ =L+&B[=.9#2>$A?*[KC8#$Z),=HK^"@WR02S M)!/$O>>5"6G?AJX2@B5?YI11G8"G0,6>@JJX=?I7O M#"P%5NX,7,LL.YLS\%6(3^PA0]P9B-[KVCE\@25#2HTM_!XI0K@"RV!K'IJH M:ML<8>=W!I:RMBG5=81$/S##PQCZ=NV*9298=G*8BB]AW2L"#^SE(@9FX^2Q7SE#6AOP5TR<[.4H!FIN.:P^_\SLY2K B3 M565!JS9S.;[.4L!#K":(JFX&KQ!?9QE@6>PDIFA?9RD+3Z72!INK]#FUJ[,, M0%@U;UO;?/:\B]=OFXO,X27Z3[/9/)W'BZM&4S=4PWC#X?4V7(7Z@)3B">;T\=3T\ M[V!TS4#FTSD"9#X8'8X:5'[Z//M%?_L>NS+T22PE@Q$9D\\7HS2=?/SPX>?/ MG^\3,GC_%/WXT+G\[XLO/ =8-RS#^O1A^=IRJ(0\<7OMTZ_'./#\C^37)/ ' M?OJ5-P:4/)_>9;V;J$J-4V;$LPY4U_',-^S\\I.++UDM+];8Q W^<),K_U]3 MW\L&^/1AX[A?/GV8?W@&XH<5&#]-EMU?LFFF;ISRGBD,7:S%BD*U\?+JXD$2 M>KG';%E5V-!>[J%/'W*#?_HP(]6IZ,:7=I7H=NT'S215IK2J1*KE$FLDQ696 M644HMCC#F4?/S.XVDW39_J-BI%OU+3>/?H73JYK8V1:I6!'N+MM:,W>CFWD. MNH&U5A52@;56,8J!M59=TH&U5D'ZB66M"8"=UPOP"<7=FXL3YI2)XWD^BV!T M@T5D[U7DA@6RM\;[&"MO$9 ^9O%VQT40\-6*F4# MPB(\ XKD#]6$ '?J/PJ M) 7O4HH$]@ZC4_K,"D%&(4LJ6-4V*]5CBST30&?>];Y1O+G*5+PEJ>N'Q)OG MT#24D%FE\2H34L"UEB++K?T^3YVP\0=9'E2S_D[.3.6_9[U+'-"[SZ> M-D_(OMH03"@JLS.3Q8K]@T1/L3L9^0,WR!'TGOQRD^OO@3N*QNY_,PY(.E$0 MQ:X740+_]1R-J3Y]@\0[L]O63F7MY_OGR=IYSE>?F62S5WS"$O;I)9;V>CYBOP@P2I9%P]=AI-I MFO GU*:1%>F*R4ZND:X:G,R6HL[\A#;[K2'#8H$8%C8%._-?Q#OB>YBNB3QGT)>@^R%W]*;W2-O&<8[?S2K&++8 MY5U%@]R7.>BO%S)8K:0(O+^9]Y'"BO4![U>-]V^!\U_G?-4VL%9;J=^)IQZA M=G?C^!YD_O&<7VF9WUC.!XG_!M\CC?Y96XF_?OY<=W8'07\\PU=:T#>-X4&^ M;V'WE809=MZJF\C@'G%+;T8"S<[?_:<;^ZP.\"VER2I37U&FCD(>4O[HAM^O MAT,2$X\]=W79OKYM,DLU@H7J1T%D849!@Z*]&A3MT 7GIWUWX ?^2CARW_]% MO'L2CT\I"H!_MO./6$G&XJ#'?)D*[T+%(E/%MU,14ASK04A(<:P9 M.2'%L<+D@Q3'FM 34ASK2%4(-:\XX2#4O#*T@E#SJI$,0LTK3#L(-:\H 2$F MN>9>7$'"%BK-^S4)6V@<[PL1P2 RYT-,G'PT.PL4-X2/98@?1#&.AW&/T0WHE^[+&BZ*Q<5;A'EQ5CA]6_>*PH[C$5C/05[C$HPPA6<.Q-;KG_&=V/HFGBAMX=ZXJ; M$E(D\:A.Q3+2=U"]V6,%$$\!U;L7_7SZ99<^G=>H\VNG)HNYZ D"X9;[D<:< MM_LHD3000RDP=2 PL@HT@FA'T6AB6@@+:L3M2!-^YA;63MU ;*G 1+)434-, MHE&;0-#5DRL8]Y5;9)QB_9C\:TK"P?.6:G&Y1Y-;,IC&\=M]$ZI!L7R)O\I1 ML+"2?\!.)V"GYK)/-6B5N2"9J8,JLO1?=SFN6#YY;R,L]G(8J'JZ1!R& E4F M&'>;AFU@GB9C*/9;47IBD< M1K6+"ZPT\VX,-P+F;4B 4Z58%V.4R=DFR-V[412G('CKR[VU%KSGX%Z0O$7Q M+N5-@W?0JQ7O+A(ETQ&).W2;PF(HDH2![&B<@300Q24P=2"*JPHT@B@NT6@"45RB$@:BN 0EDD@F M:N$P6R]*5X*)NG,.2)856R)IP$05F#I@HE:!1F"BBD83,%%%)0R8J (32;%U MG;>ZT@T\(YK*XUV0*=AJ8O4?%P3[@T1/L3L9^0,W6"T7\^2&G6@:IL_WY->; MI5=WYI2;.*+(3Y]O DH/)_06"<+MY_OGR5H=RJ\^LTIFK_@DH<_32R1V@UO_ M:?3FF7\E&*<",:E5B,,LDV+5BRJ&L-Z*L%-SV:<:M((,%5CL)V6@ZND2<1@* M5)E@W#VO680LV\[U_[5URS0$W;ENK6&45:9RGF+""74JCGG9]Y=_K>TFV:70 MN_(?H[AVW%!KZE>*'//FW!6P.\_5G!OL7>B^+3193-5BM;AU3>6UN6VDJ!9O M%&08@BUE=MAXZX9/,V7'?K)3O?'T9*D9SD\W]I9GAUF@<,1HD$[3:.9VOI[P M)GRU)KZ!]0H0W_T%Q#\1\<4B=F-) IG-D*I4,]9EC5B!=0O(6]JI32PP[%L, M"ZGXD&E7'^ZMM:4 J?BUYEVDT3^!=XNS%8!ECV39%]4C:F$L"%$] JR$0MD6 MZD< OPK.KR(EYQ4.L_DB)!^2\W8M[5$^:2 Y3V#J0')>%6@$R7FBT022\T0E M#"3GB4LDB$L5/B[U#-P @9 5#X0LDV<@XDZP"!\1B \1=PTCOEC$;B1)1#IQ M+!QF3;'F5:4A$G]GLFBR8A5;9AZ+L#[M+.D>7^ M9W0_BJ:)&WIWU%"C"""%9D>8,C*+7"HFMF&I[+]43!G;!9$%V9:MZ',)!HKT M;9(PC,F*7JST0@BI8BE22T9(1FJAY>XQ!HF]GW&#L(QQD08=1CK09$^#$\M( MWX!XG%6B>#+[-Y'>N_3A_G%;##V_MI(RP!I3G_Z",LR0" M>^\;U=:Q2Q7!XO(N*,P(M/E]/FR7A-'8#[<-O FMRS%?OOSI0V[N&T%W!QO0 M-DWCC^S&#JC[BP3!9MJQ.]L'8,LA^#B,HC2,4G+EA]^E7P']]V,SYU.JHJF$^962T"/>8BK9^$$TF#TVBLGP\\7_\[T' MI&@6%3;XH6^B/K:UOFRKN"UKIF/*[;[MR%VD=O5N3]6QT7M #WC^I_^D!-661B%F.R!Z;F;Z].@/)0-(T'[.J8 M(LD-GR@&0_G/NXLOR\@IR5\8I8E$V4Z*R22*4^+1&_1O*MZFA-Y(Z-]NX/^; M7G]RZ9UW090DOTE4!$I1*+E20B8N9702/"\'H%.APZ=D+ U<;D'1:]-PXSAT M#&_CE-YG(G6)MLW(=.(Y!PSC:'PD]:+7R.'&@SSRE__XC_\#4$L#!!0 ( "6O<$UZJ4(39 T M .B" 1 <&YR9RTR,#$X,#DS,"YX/BZB60Q?,= MGL/SB3RD*.;M;W<10[=$*BKX26]X<-A#A [P46T0I-@02*,^FBA]?)X,/CZ]>M!.%.!. A$ M-)A1CGE ,>LK(F]I0-0 ]?N9RC^3RH_1JX/G1P>OG))K$?/P&+UP;IU*@C5( MHQ#J/T;/#X>_](?#_O#US>'P^,7P^.6K_[K28KF2=+[0Z%GPDQ%^C"O#Y=),_1^_ $ELL=W4\GH!L+'#H8#%>*HNJU#+0>FN@$( M]4&*2!JXT/MQ)8R1"?,6=,/ZPEI+.HTUV1"(>2[RJ]'R%G,NM.T4[6]S9[FD?";2GW##= '' M4C!R ]1$YN+3]8774)WV[ ,C/#@306Q,Q3Q\QS75JPM0+R-;:0_1\*3GE5@; MDID2$A@2J#5Y>#B$82.#NY>@"B6ZD*/L[:"HH:@\5B0<\U_M=8!9$#,+O(3? M*3B5\ &7$H8 KEL@<\NVX]*[640>+E 3L-B2:CQ;#V]70EES3AE6*N66"5E- M67_PCB!B:T7(C+@\)!R\-5=*,&K&Z1#]CID9YM!D08CN0KA["*\P].)Z032% M]FD23PN\)Z@O6@05/=LPZ:+ MB!D:+TU&#WC5!:YFX"8+(/Q"L!#F+^_^B6&<&O%P# ^ /!41N+> -H=@)=$K M!;49VA_P5RT"GM39!?LQ@NWOG)NKNB?\KUN'O^NT6]+A%*O%.1-?U04/J22! M+D6Y+.$/XB\M@FCJ0+:2+G"^P'T4FJ@;L@#X" CGP40(>:Y-H*P@CMO4Q3;R=BJAE/6JKVLF%X6&2#J][.N=T* M.E:T8\4D7BZ3U1W,TFF2G26UYD(CA7X&#$L,"$-;AEEA2M7I-W+4U)V\&CD4(_$9X7B9#I3I;>,L5=Z-N%_E+P^0TQ2[=3W2S& MU4A_,(^*P31*^D8+,FJZ(+9,$,V\S#2EAI8<3QF=XVP@AME:1/5NF6!K[7XR MO"B2P5;D4,*IRS[L3FT=4]H^[DI!-J\IGYOW:\[ 7/.9WPKWQ_IE,=9K+1I= M4CRE#"1)%]:6854DR$0#"(V7^>.?= ]NU1U=VM$E#=D5AC3J1F)HS: P4VM&C2;Z_#1X M7:1!JAI9W@(* UL[U'J]Q+I^>E MQ;_*I6#T+%/7O1#Z!NM_-WC*:M*FA5H_(5JM!:)GB>Z.'=]@4; !.UJH];.C MY@)AQX>G6F1J0(Y=Z_ SI;3ZV&#!J://8TX[&E"DCAX_#4KKCI53D"[@CS47 M:1#L^W3X UU:="S/2[HHU]M:OVY%SWO^/"LK;[QOC_>'N+1LZ-THL)DZ;B2+ M9T1CVNTMJTV#=3.Z&;[3HF:95G [IL]7!"N2O74^%_(CY QFM&8FOT\_'.)S*U7*/KY9 MO7X2EM8YFY$PM<\,2HF%*#41V=I19B0"@B(PLY_;B=:&)K)=5O,XU+TF@8 I M+J/I>Y-LZ\L*B'/%XOD<(@"(T12B*WB2U:ARMORXE?E)6EIN;4;23:,,5]=F M65YFAEFH8QJRMG6T;$A+NXLFW43C?L"5[:"I->RV4^*G46DMMLY^GVZD?2A> M;-NQ4XL/S8SXFZX#D)\OTE5;3)CXT8J4MR2]A1 M,RH^1(5^6I96J>O0,C4+4;Y!OYD#WL+S&0GT>'9& M)+VUIUPXA6/N?@3M+E+7ZAM;Z_9SK[3TO8U[2?V&8+D%&R+0\VT_6:7K!;\Q MOYQ-$[/\7)0')MJ62OR,J[?%MPWC0>\7WZF:2%6>;.4U2$]AW MLRR&5L]DS;<_F7R19COK\S-J^P;CY?I%?O)>)JTT>5L'U::O@&W%.>J9J?LG M=Q= QY]ORI^*LV<>2[F762]*Z_X/SJS-LVO^GYAF_IA#8*_)#-GS78_-F:,G M/46C)8,N)+F'96#P_I-A!\OD+2MDMX-,;::@A-X\BM8RM]!^J569AH4DLY.> M.9RUGQU]^3<@#NXBEHEHJDTMI[D>9!2IGQ%FK#?87\\WPUC#<0!4.'ZV5O.= M^,WPE+":+H-LA-[Z#C0T=YJ: MA5UJBO,CUKYV,*9RO7L^.#&0N=HI)\:CV>M6O M4?9J)P/*I[[7,\'!I=?]7$=S,TJGR->S(H=V\M..F- OL,JRN\,MMD(#M:8AJ>2C/,;%YH!2%? MI"*\L= D)])9T319F3WI!9*$%&YSJ-@8>4L'"2_LL8T*(\S5 +]6C- M$)+IH[7"F#*(ZGNL)IB16BVP!?%]> ]0]XU@M@G<;E*J=+X6X+MX -9;,-:; MW2\%YA](-"72]=DOE[B:_'.;XU!$F/(J3Q,SRXZ&L4RWICR 2^; HFNLB7W+ M.Q6RY,LV@7URXM2&>#27Q-XM^;"E?+][/D60W9/7=MLH 4KJYO)>&]YV M\G /\L$G\V^]X<6W&ZNX!>L3%U/SC^=,W1=\&>O-+;W7!#/Z+PE!V2?KGO(($ZIW906;I/W4+R MR8?5?D94(.DRWR5K/=@F4(]L6P/SH$Y\Q!K4,&"],1 D3(E?L)1-F->P3WRJG8V&1/<(V(M*=M M8*8_P^1&)B029@D M=#R;P1 J;\3GA8@@B).*(+Z7,!16MD-K3;NVRWI\?L!F^4CT*) D^3<>LM+? MLDC*:R UAA3KR7V Z: AH/I,]>*SD%_,\ K-"R;K9*%Q09<5?M6#[169P>12 M)^3CZ1/7VNO8: J=W7^ZR)FOFE).@?4W,E;EE1J/S#Y%%O+;P&P5 MF4/O5^-QJR>>=RG+1/[I0@53R#GFIV;5>@6,JDA?MDKL4YBN"Y/?,:_<]PV] M>Y5_#:'[Y+B-R/@+PS DXS_,9X0P>6%"XE# 8_5Y)2*@8,GG1JB]KN%F( M6&$>3L@MW">D/+7V">V3,^4UFP:T;0-^0N??#I*WUW#Y/U!+ P04 " E MKW!-7N6:R 02 #M^@ %0 '!NK?8__W!8JC7[ST&P>I\,'A^?CYV7&:38YLL!R[V+=_&EM=GB#YA&[%! MK]^/._@Y(N6\]^'XW=GQA\PO4Q+ZSGGO?>:K$451GPY0<]Y[=W+Z??_TM'_Z MW?SD]/S]Z?FW'_Z3+4U6:XH7CT'O[_8_>.'O>I?$]Y'GH77O.J;JG[W;V]%Q M;^AYO2DOS'I3Q E%SO&F+2\&"*SSV>>C#,J7!^H=$[H8O#LY.1O$!8^^_JH7 M%3Y_83A7X?DL+GXZ^/7N=F8_HJ75QSX+@)I<1=Y84=73CQ\_#L2O46F&SYEH MY9;8@CD*!/:D)?BG?ERLS[_JG[[KGYT>OS#GZ ?>X2=*/#1%;D_0.-M\]4N1^/EKY=-'G0W3R\>R$U__FDMCA$OD U;GR QRL;WR7T*6@ M^JC'V_TRO M^LBS&,,N1LX^="NV_$H()A9%>[&_1O/!(PJP;7D'Q70#Z]82#;T 41_&_ DU M!+';WB&IG3T"(QZ)Y\""=_6_$*1UZ#MC8 P=D>4*?D(^@SXC(AHBJ=>7-I2' MD+SZ';8BBR.+/5Y[Y)G=^ ZFR X:PMIMKS&UEYC9'F$A14,;&!7-4P;<@A]6 M)/[H..(/RVNZ-N_?VR&1)AU<6![?86>/" 69SKB0$!]8SL9NMLAP"=I'P!HB M;]K[ 3DQH62%J)@=?)JLN)AENR_ZO1GZO7H\(.);XB_FB"XOT4/0@EA7-W] M+&)!BWLO#0>,4M&S!^1*F&\_W5J'QUSDZ134"_\[#X<>S> M8NL!/@5KH'3BA8L%T 8UA@^@BA,_FNFLZ?+9+FD'Y.$L(/;OXU5,7*)]@.HA MB&IA7N[7Y0$Q3T$R Z'=!^LYM:!;NRT%HEY7!\286#4W8)_3,)J]8&L[(4Q) M=\@8"CCS8XG#B-W!_(2*SC"XMC#]V?)"-/9!0D-*00PO+(8;SHEV2'HUGHT> M+7^!0*E-:4EMQR+J4SMRR&[1$_+.VN3?(D.AQ*#"]31S1X+OVIEE82D _+LRJ(^S'PV0508 MSWS;"(/-[LG7 UM8:5X(U,1E;PE+RC=C3^/>.\2)O#M!*UL.[-F80LW?[DF MV)PD IT13;JP?/S'QH:-A9>K';XSH8AQGVQ$>D'E%/0(N6M^&8W]34.9O:E]]V9N,SC*HC9G1E)CVIPECH"9QKRWR[75F*3_T7)'V MTS;$C*O6S3H?-PX[X6<5U@D8,-Q_%SFW6YHV38EIFUDR+V;KZTF=CMMF0N)7 M:U_!+.]**] VED.5#ML&O>W$:&EDY=UH ]C&B%9UM@%KIZ&8/!(S!QIJ(-_A M06K1M[S'0\771;T/MKIOG2;%V#E!!U "_,KU[O$@24+SLO+&LUX/(Q0%[ XF^$Q/1/3C=1D=]LOOYM:-LB:@.V%CY HY!2$4,1]>19 M#\C[?%11>*"1[BFR$7[BU-RC0(WZPBJ:,- 0Y4YFJ@!(RFNA/CG(G%C8N?%' MU@H'EL?56.*+DUX9C.J*6O#PD[(I"C"-9FJBG%<,2E6U3F%A]\2W]\.3K:H- M$RNCFFFD2T%(M,Y6'IK)C4SXCWMCGBQ/A$ %(XO2-6S80@N34*]65PNJ=,TH M!;!=3 >ME\A%,/[.W'K)K."5\[&RFAXL\9&P\N956J4S&!2&H[R6%B0AFI., MP5P]%O(*.NC/<%)"<+:$9@IA(10+22YZOYKLXFJ:L91+24?F:=:M7D%P04G= M%%2I$O+JN-ZNP,+*,X5TX'M=)C5;F4 MEU;I% ;!XCV )/5TH $[V<)^&MPVM.UP&0J]"O1V;&,9'(6*.O H:S8=T65V MR;CQ;2_D>0$FL(3S,*\@H/@A#+B[;T[XH'3<(?^XXP_.W\S*M]7& EG%]EY+ECA\G M[HS(7"@]0F%81"J(]R:4W. 5MT.Y4";KJ M2")%_?'-H"XP^A.8T)>),$N=TI)%.XO:()UC']2',A-3AIFY!BAH:MMQ0*GF M8N8"4 Y9%GZ3+GMFK@(*NM+D,4#AY2/AADT:EI0+N!4JDN8]"J MIP96)3(UA6_0VJ<&7^50*H5OT!JH!K_H[".%FUOA^J;A;7*Z56X097ED].IW M*!;M!L.D#-K'[=752R?Y'"SZ2=W-9ZPEKICQ++V;S.^)+B4-+RXNK2"-P517:4 A'^]M F+\MPR:?N'YLD?(7T*U75@>DGV'KY MY>:Q7Y@V"_3,"87]^46"2[FZ7FPSBR>>RZG4F?R[%B"?0@;79J3[0*!\;=)+#ZW7A"[>@&Z M86N#'8*N;V 59K6"9-KL41\'@<[-,%[ *+O2,"Y9:3V41VR+:-H0!)PE<1I> M>7"=4E4]F)Z ++XP1*15"J.DN [:[U&03@X)P?DRVJEL$"Q7OQTM\;ZQ0%>. M3%%)K12+)-KE.U)Q66UQU?&C(,6T9DIHBD.&A;I$ #(%]$06/R$_1/&F2BT[ M^ 4'CZ.0!< RFEBY_'@#_O$C?&FH5Z@@E=J]AMY,J""6,T$-S+^6 5^I>5G9$SR*UB! MA:M$5JDR,J+@E1DGMVZ,#$EX=>ZIV+M&QC@4FHY;A]F)]FID''(EPCWL4DE8 M?&: MW332&KQ1[PEGP^CM6J3,[FO+GL*@55RL MOS"^XVP"?H$T&RR',CFLT4"'\$6N\P;XBAKH$+Y4M/;$5]2 ECB+]''X*5J% MU'Z$^2/>NJG($J]0L4-XILA!:"D2W-2)FMJW-9W(Q^XEYJ+F.TPQ8:A*39V( MYD2\<$G1SJ7)[#W!"G"*C6B*=;(1+ 5OE3KZ))0 MFK?-K/V50R/S #;C5CU51G*2][;E2<5,E*05-),Q);ZH(L:H6IN2&-"WS:,Z MMIJIH9TU_7V5<9\F!;\T@U_WMH)!,3+-&%,[D# ?8&/FFJ+(FQHQ5>__-$RI M#FDP\I)7,Z:HG5!+[H*]:7%1/!,V\I[8H3E3?*XLN4CV)Y.:G?@5(],+M\"5 MG9B19B'_KQ^7>(F9[1$64B2LFRC+&-]3X(<5B3\FB1EO?)?0B-&Z(BDS%"=D M75@>]W_,'A&_?I20R(-!B1]9M=DBH'=R:=81=RG+UUUXS" IK..<9(N4*-:V M#O&Y&O40K'RZ$'2=?#P[$53Q;[8[F%"TLK!S2;'P#H*=P<57\@KC'@VT0?.4 MK"TO#5X>/X/0UZ"XM'H'I&1.+:>>B.=J')3CJ2IXC9'GQ,D"?J)@6"AP7*6Z M3HZG])4@4JS4#1S9%Z<4462JM"0[B>^/V^OUY*:XJB9><[WE:KGRR!K%5]*J M9::LDD8<&5M8"4)!>8W4*S_K+2]_*%G?:CYV1HG+O>6BKE)3"X\]CSQSM>^: MT$L2/@1NZ.W.S J^UVI#2]:N>&7Y%\$\)T5T6G,1J3$IB54/4M=L15M^LKH3 MIZ*2-AP9GBKLV:55]+ZL6&K2E#Q6E%JFY>1YZ?J?*EOM!IY;MJ8(1)+S,A4!'O,FE(%PLA4 M0RH>@/(WJF5,,.@@M#83ZADX9IZ!5BK\!:]#2IT;1D:L*W&@EAEO9*;"?02A MR#MD9 1:+?!5AG*S:PDZ#_V*@BZSYWR%09EZW'OIZVW5X6]U[[8=K/F#. ^S MVFG2=&S>%OD,RRMH=:*5/[Q9D^]5OK;#=M9AO@G=K!DWHB8ZC%%^\[9& YHN MHE:]L5H(J[J>WFR>M8=MCY=X-X)MI%?B51A4>\64^#,Z;J0HSZ%$5:_8-(TT MXFMQX?"JDL3F5Q4=G7IM[E9:-^/MQ!C&=(X?/+RPXFA!?G<5BY3X70T65"-^ MQF66W]SVA):;OQKTE(_XTL6ODNF'I#G<8[AU[100!G6NHVXF=R&+QQ.UU% M.T5+"\.:1_G[SPP61TYN ]3%[74CS[[:@B5_VZH6!\W4T=MEU=;4,O(L\558 ME%EOC3QC? TF93;A9M9+]Q7%*;*);V,O,E7&;NQD7X-Z./'"Q8+?)P*[Y<'R M'>)'3FH67SG1"4_DEQFO8DA)TG3DLT@@NZF^9ZXLKN?4 F+M+E]-VB3=X%0E M#V#,[$?DA/R:=W2Y$+B?.9JY@[D%%9UA<&UA^K/EA6CL3WE2$@JB=&$QW 'A M*8K3\!6*P#B0(W*1&$>:19S&&70RHV2UZ0MY9-R%>N2ZR@[%;^*[)V!^! M'!(/.UQ L]?,M-B"*8V944B_%,,0W7^[)P#)Y1\7H"TQ6* \/L+E*8HN+XEX(&.*R/%%+ M7%['_O>+$!O0*)Z CPMT'RX?$-W0*(ABXS!@ :CE7$-W_AM&+[E*%KE]6].Q MDA?2RM.Y%5-;!W%)*QU"ND.<$-%Z."5M:%V8]QS8["I=DV-&[E]ML4EE\6CF M-S-YC>_$ZVJ@5B V)\DVG-E0Z<+R-P?'Z98;'2I/8#RAS 9K0>642W,@\,+C MF7G?/,()-&!CI$W]D".]@QJ(LI)$-2DN>7O4S\7EE.YA MD(:0&#'CZU#?U1'(AKMTF-7)84!0=AA@A-3L#:6[(L18] #Y OGV.K/^=(_6 MS/&2FSUMV1QKB+,AH4Z!QL5/.38II[LK3;+S&".F0N*I,F/'+26WJ[-SVZ[H M,'^EI%;Q]M. $_( 4Q8^_!]02P,$% @ ):]P32^K=0$6&P DK(! !4 M !P;G)G+3(P,3@P.3,P7V1E9BYX;6SM75MSVSB6?I^J^0]:S\MNU3JVD[XE MU9DI6;;3KE$LE>5TIO:EBR8AB16*5 -D8O6OWP/>*1$@2)$ZH**J?NA8N'S? M(2[G!N#7?[VLG,%70IGMN>_/KEY=G@V(:WJ6[2[>GWV:G0]GH_O[LW_]\^]_ M^_6_SL\'-W>SP7],XA!J^&3P9+QXKK?:#&[(W'9M']H8C&WWR[/!R.!\L/3] M];N+BV_?OKVRYLST7IG>Z@(*&JYI&\XY(_2K;1)V,3@_3]K_/4+R;O#3J]=O M7OV4^^71"USKW>"'W)]&E!AAGQ: >3=X?7GUR_G5U?G5ST^75^]^N'KWXT__ MER_MK3?47BS]P7^;_\,+_SRX\5R7. [9#.X25/\[&(]'KP9#QQD\\L)L\$@X M4&*]BMMR$H(@.9>]/\NQ?'FFSBN/+BY>7UZ^N4@*GOW];X.H\+L79AQW+.QS[)FA*!7H#(0E^+_.DV+G_$_G5Z_/WUR]>F'6V3]YA[]2SR&/9#X( M$;_S-VOR_HS9J[5#SN*_+2F9OS];NW1QSC_HY=LWE[S^/VX\,U@1%P1CW;J^ M[6_NW;E'5R'JLP%O]]/C?0'^FMHK0EQ"%YMPY/GQ:+W@A2^D[5WLBW;FPY#D MS4_FZ=":>BR<(B/'8,R>V\1J@ENQY0,QF!J4-!)_C>;])?%MTW!:Y70/B]R* M#!V?4!>^^5>R)XG=]MI$.UN"():>8\'R>/MG *-UZ%H3$ P=>:LU_$1V,ST_%80,G0 M!$%%\Y2!M."'M9?\T[+"_S&1L M,L\7&:Y 5_'9GLSW[;U%24RIMR8TG!U\FJSY,,MW7_;[?NP;]=@BX['G+IX( M7=V09[^#85W=?(M';(9,W-(+"4PE)[SO>#H3RX M9!^)Z8%^Y]CACY/YV#:>X5_^!I!.G6"Q &Q08_@,JKCG1C.=[;M\=@NM11G. M?,_\,EDGX%+M U2/$%0'\[)9ERUR?H21Z8?:O;]YH@9T:W:E0-3KJD6.J55S M#]8\#:+9"[:V%<"4G \9(SX7?C+B;,(^POR$BM;0OS-L^KOA!&3BP@@-*(5A M>&TP>\\YT0VD@\ELM#39^G(!&Z3+/L;DWS(2:?SQX/F%/7CJ@4CDC M_41>_&L'%)DFLCL@NKZ)3$[7T_J=-RU$%*_6O<*IKPK5*)=+(MN)T=&7%7>#1K"++UK564S6 MH*8J7T'67Y)/R-/]?@S%8#C.V2!N.$\GK66[_H5EKR[B,A>\0H=XH"N>QN.Y MYQ:9&X'CUT.W6_TP6+V58;N-H4:UNT0:]G"^(JMG0FO"+%3M$.,2FJ!F\$S. M4\G40UK60(S72C.>><)S 3-,->):/+LS^BMOJJW$U*CSBV+O72-23#G5&%O1 MPXT-=#=7-.PLPV<^ GB.JA+FM#@&]ANR MIL2,DGO@_QT21QR&*X_Z<31"P$.I*@:G;9P5-8"@[C7"9O!3-I911>?!!BOJ/>*G+5!3 ULNR.:P+:87Q$XSV!7![U )M MB&[N0>=@#Q[\ZOJ@A@"^Q;T+>@=AHL_:98]X$@2<\6>\AJ\\M^7L=TOC((_$ M%F&* 8%DO22A%Q8/(0V%JCBR[OAK^ES\>##^ "0]: MX-B&]35VL=K-\. M!MO4CE$QX 2%6QG%T+9X^&8_HL@H6?0J1V]9253$X9$-N=927A8%-0^J)D=0 MR['F2J AS&^#A?VQPK)5K-P"+T;]'"?XUS8?^-,?H&Y;@>E/:#R9AR_V]K 6 M%CLP1NX/2!PO-[%?6P2TI&ROT/[Q&F5D QY04R5+6ZX !KY'\I6X 4E,"CY3 M/MO^+M%,/ FOK- MQ[9+0N-2@+:D("K>,-):A34JA('SDTN)X=A_$:O,1242# MIN[*.,Y6-V08UY[#$J#@>$XZ]ZITIH%'+4+Y)4A7;RXOSP9K:GO4]C?OSUZ? M#0(&,+UU=&2P)S2% 9*,Z ]'053-SY^Q_O$H6%=Z.3/"/QT%X=VP6<;P9VT9 MUC,Z\GS%SK*,]R]'R5O%\9G)X"V2#'83B_)RJ#+2..,*LR.E>'F)3K%@";7$ M$(PE#3B*A[*259*-?"@9>?V6USKDU=,P,L97O69<::!G M1%_WFF@A;I"1TM<&KS%9"Y\)R=@.$_++>(A=:WDFVPZMA,_E9:RR16G7[_C! M$6*]/X,I2;(_PD)%7OS;Z( RK.QD$:44:?EAU02R^_DS'5;?)4>-F]@LL8Z[L4J3$NC8!G]/1U BK24_0T9(SUL\KJ,>XT+3 3DWX&7A,Q ME>3^913UL_#J4Q*>LM3^Z6M[>N"Q?QZ%V]QPU0CN4E]]).#=NZ=T?& MVO:-\MQ*M3HXA\96*\\-[QF6(M\MAXPV'!_LGK% >#A)5!KE6%4XA-.+\4O3 MU>1E,5!_M-UP@4@V[QMB4IZ(P779&^[%Y;L]5V)%N_UOT006$&VM>=UD\T@L MLEK'U\S6IIZOC9*87RIKZ?(@K8*29AF>(Y=B+A0YI8*6)1_ZL/!D-]%*I2DH MC)K8M[60LI+,:[4ZIW3*XTFG#/6!@F*9QN.F/ D-U/CF9Y%::AQ#+D\T?$)@ M4ZT+EI5$1QS>BA5>O$NC:^ ^$G_IB51#I:IX1JQ46RQ& 7;4]SZ$.)3Y51A9 M?0AU*',5;;=]B&XHDRQ=9?H0X%!F6-0\^Q#)4*8F-PSPHQ'2',A:VF'!5U@N M'O1TR%.V0+L^X;84P^,)60G=;<<3OU+3(8\G9%4:A>Q]O$K9%W<\$:SV7+/' M$/)2W-R/-?Y5G+!'ZVR,M.%$4U1!OE6C!\9^ MA:=&7_UI;T\-EB]1?DKUZ/P7AW37:'%^]>2PZ=!VWUZ2T;WF)ZNFQ*H9&6QY MYWC?V+UKP7EP'#*8!RS\K6J6.2JLK=[N\'0P5C2HJJ\#M29AGW.4>'G6S"QR7\B=\@\V@OEKX\#T>Q\BEC M3G[5;\"E%#XQMX)5G+_89#C^9UC':+1$&,YGXCC1*9X="Z!1$ZWB?B#^T!2; M*/*RK2*9V"%-Q@_ ?_;HEYP':*!(.>Q MHC".0RA^Y]"+/V)ZET1R9#+_J*S0952KD79D#C.#OZ"T()-YG=&A5 \II],D MQ I/^Y4<6E7Y##5:0&)8CN9Z\P1]2]Q[*C6U8L1129W"*C6/CE$[3F\E7>W1 MB^Y*SWPZ*1J@WYG_5#E'M;R98KQ^)L3#X_N:)O,A>0A 5QZS1QJ M)9E%_L /Q%M08[WD<63AE>KBLKU">\!]+/6 Y5$(]C5QV596\' IGGQQC"4( MX=]\GK&1YWC4L#S8[C]OO!7HTN)5O4[U0[O15?QD!;=J[3E]Q"[WNL*KGW*E M<(?E5+;%NL[\(IGEW=EA#_?E#;#MHEKL=2H)Y\U]&N*9% EP>]# M,A4^OU@(KX];"+6TS5@D;XY;)%OJ2DSZ!UTUDDHW>[H!UO(JZWSNM!YM83@4 M_4RE@@%0&91(5S*Q/-"7\VKS8'^:379TQ(SF-&WYVH 5UR2S)>'W%*88+!UQC;SQX5@Q&4; 7%B!)@.EQ0$LYT,8CR@BA7V89( M[@S3=FQI8D1)07R\TJ24TJ(]Q(R42L,7D>S!+,G(*"F(CY=?%<]F:TH,:^+^ M;E";Z\!\WE\IL9!4Q^ MM_,Y,?FK?EEDO#:]LC;P68XK3A2*2N,C_\@?A^6;-LA6"7RA C[^!V,ES\D7 M%N\Q=BUTJVB)L7ZIEZ"7U<)@DFH2UYOT?W^S 1LUEYLQ^4K*\I5K5D;E=>^N Y^% M8-Y(3U#+:J R^!A>=Q$Z+MBNF*7+<+TV6O')W-DOQ.).,;F/JJP8AI2Y1C.9 M1VX @1 +1; Q)JZ*44#Y+4;7'J7>-U";1\8:?O$W"APJF]"%X^W+VHY>R[R1 M.!)4:NK"Z)Y[I!LQVJZI"Z,XL6>?<2AL0A>.CX0OCX!L'Y:21E!X>J[EN:'Z M\6RX7R9@G )@$S7&O&WUCW"9%L\9+2&!+,>RPE.NU.,6RL4@6OI&#/\.8] B@9 MD.*(7.%._-*8DN9Y$/M3U"*K42%95Q;R2]-V2DV3E-UK?8_I*;&3+K]^2\X__HPSGK/3F+_5I].&7=D'P_SE+7(:=JA_?A!/6>(UKF/<(_ M/-TJ_1J?6]\'Q!HK,/GT(_R3P*T2+?<^Z7R@8^^O69G^H_-IW+W9[Z1(X)]L MZ9!M,96H#X>3&U.5Y>EFQ(]"PU)-4\QH'X7N52_O-R-_% J8/'$[(WLTZI9* M/EA&^RBUKC1Q.N/9%Z5K-X\R=><*SC9EGMR^Z%P2CA4GVS*N2&N3\N%P209C M?N3NAB#1_;AM4RP+-?7GW@-%DF7^^_[<9*!(4C4S%/\V Z682[U$UU)!J"5B MHD]IA16Z46YIJ4S*TFNS=1O+@%*+-HHR0D1+MCY?6&G$-Z.G171180B+4TZV M'-$J:6[9B-77ER,G+#V5G]%3LW#Q;E0(7SI/KE68/#OV(HQ_\1L7^:VLMA^N M5)*[%G2'/@M6*X-N)O.[P(=*\0U_8WZ%=G+SZIU''SQWQ"_HBY7 HW(]3"&L1NJA,!NZ@2+!3?+76L(LQ(F:'39!\._A21\ M4W2R3@B%7/DM)+#1QR^,V@UO:MK5O)=L4RAWKTX/M[_E'T%!Z,(=_P M RB_R8\K<<9L18U6'^C[-]GHDL]I=H9^V M*;5;"J]S=2)@?(^6DLL.13IZ>/Q:>>]!!R*MO_:@86ILP]<>L+)<&USRW9+5 MDY^[6Y,;?:3B2J7\3G2\&+'P0%-[ME[Y(Y1[R_2(3TQU)/OVK80^G,#24Y@E MIG\?CG9I+TRY9Z /)\G:%7$[SN\^'$+KTD3-)%D1W*A[H TOY"=ZQDB;4)_R MD\NE7@35VJT$ER0/HNV&C<2%,1P[XN?>M@1:4A ;;V[85@48*JMIQ$7R%IL: MJ[(&<(-I:D#5 F=UVNK_,XI(JJ#0+%2=?^5&7ZUQ<,0&7A,I*N^'^$89RDN4 M_70M-5@9#_48)9YN>F>[ALL?HL_R]5DFLB%CQ&=ALF>47&<3%B=T6\/L8-3$ M?013A_(CC]&A/XPG>;S5RK/X_1ZP/%'X-M(+)D6E<:[ZIO97@QN*H;A3J3X0 M?_C,0G0"%BHU<1DEXN4F7\5U_I(JN!RR83[?$GATZO/!\\'"Y_]< %CFCSR' MKP=4/ODI)9EFVU_[I(8M.>.4.Z]U1\F= 7%/F%%&I M>7J:HZVG.5*YUGZ08[OFT3%">O1)]P=4>LI2IZ^9[D5JRX>L*N9U&XS*<' MD:-.Q27?@=%SE?40DI)G OU:+,5S2=_1]5 Z79>EV]DCQ2%2Y8FKDL>.:T4G M&:B-BI9%H,= :'9SFL!15CDI=KP7.A_YVLO?5/_J.,6C8KJF9HR6/-F:W;LY MHS2M4;89CQR#,7MN$VL8BP0C3>,4B/N> W&B%[UKP@G[_^1ZSXS0KQQ&.-&+ M%X(]$L.Q_X+![EJ? 'GTCP^P8HP]Z(0)8MGH<$Z!S5,8\+L-,#T0?\M!E?I> ME*?=UKV R12[=TTG@%WYWKTU*'\KJ7(\'Q;,L'=N_J?BM$F7LW M>@8TGUV4^W'BCCR7>8YM\=.&UX;#[^^?+0GQ40[3=\"(G]1,+B&'97 M&1BI$T52H>?X:R?;"GRX(PJ+\\1V=E(C);?15]8Y'5[4@@-20O;I".;I"&:+ ML@'=M!EK7O'[.U(J6.=+!D/R5(]XH:^NU!6VV=*C?FUPV[5POWZF'5=%ON5U M4#W<+(>M3!NYWI3O0->;WXC%WW*Z(N&%9I=!V^QUBR&\7BV3V"PKK@5NJ M?0B+]QA[6YKU@^$'L*5^,%@=W5JA5LOHQO:?@6VI("J4[ 2%DF"*13%&VH/G M6O&P(>62DY7$0!R^5Q;_3H>]JB/.!:PMY[9OE-'W$%O;HFETRPC28V@(X@EC.QGQ M7_J2Y-:95SPO.Y$/&7T!UU1>1WJ8+[D]5"PU0 M8:>I"N;DN9:ZX[^;C$+^+%F4C3F93V")"855,[7PE!S6I^2P)+5ZXM;+DA'5 M^_Z29+KCP!(AIYMP^,P(GY)+>WV]N7=A*2#IG"W;RHOL9$D3!P2@G7QWS(XZ MLAFC)M>2:!6(22-%9_]'F]M5_9C'MX\ M.B[O.:[\CL6;CBM%J=F![F!7B,2K6-Y5PZ8K<7\7(?KF'T#H)NS):R?'$=V$\"BEI3E,DC*G_4<_]3@!S^6Q+=- M^!HH9!X\G[ G+XTUYZ+&=&&X]E\AFRRNS*>):TTI85 F9EI2.9/1$P"\=CSS MR['SFT(#IDV8;CP_0@U"V=#\,[!9V#<+1R5;>_$_,S),VZ\U"];K2$4WG'QJ MTK%A#TT8[<;0E'I@5ON;*8#W8?3&ULW7W[<]PXDN;O%['_ M Z[O(M:.*-E5K+=W9R_TL'NTJ[9TEGKZ]B8N.J@B5.(VBZPA6;(U?_T!X+M( M@ "+1$(3L3LM2V1F?LG\$N_$O_ZO'SL/O> P<@/_3S]-/HQ_0MC?!([K;__T MTZ_W9^?WE]?7/_VO?_NG__:O__WL#%U]N4?_9X,]'-HQ1@_VC\ /=J_HQG[$ M7H1N7/^/1SO"Z P]Q_'^T\>/W[]__^ \19O@PR;8?7QR?=O?N+9W%N'PQ=W@ MZ",Z.\MD_R6QXA-:?+"F'Q:EOWP+#K[S"(FN M_'GH=?T9?,JA&ZN;G\ M@,X]#WVC#T?H&Z:&8N=#*LO+ !*O^=&??BJA_/$8>A^".3C__GEYO[S3/>V6>N'\7$FLJ+5%C3JY/U>OV1_35Y M.G(_14S*3;!ASI$P$'&?H/\ZRQX[H[\ZFUAGT\F''Y'ST[]1A?\:!A[^AI\0 ML^%3_+K'?_HI>EC8J1'_T$CLV(F_A%CW\%.9BA]7> N)IUYF@FE M8H--1:!'?1Z$C<"9K"<[>F0"#]'9UK;W'VG,?L1>'&6_.6-1/)ZD3OX?Z:]_ M/]]L" 'BZ&L0X^C<=VX"VX^^X0UV7^Q'#W_%\>4A#+$?GS]&<6AOXLP(!OU/ M/W67\S%'2R55\(8X"@[A!BLY,/F8_1CWN_=(9>T\(HDF*^R?_7K_$W*=/_WD M.K]/QK.5-9E;OT^6R\5R//]]\OODIW_+E(P04T,(3[4@VW>R+.!O4:&4/(;C M$4H5H[]FJO_?OR90^O5.3/(?O@%TD36TB\[#*F?L<)-!)3^V^"A]XN,F(.EQ M'Y]5@NDI#':G!'IF5G"JMS\"YH<[^Y5:EIK5$D1'#P,PO6J!0JR.YXLJG5$J M*H]#6'Z>!*Q"0K1/1 V#)XAM;W \"XKG@:HR(2,T4Z2)]@V@S>&V9$//>0F< MZQW:I]EZW<)Y8YKG7K!:35@_F4S_<,AJ,U],Q(P']S;&2NQ#O M;=>Y"EV/O+N]POL@X$EESO>9X=( M.-V93?-/1X<-D8Z^!:^V%[^2(3?+?K????*5Y9.1\'7@5"2R33H I]9Z/N4D MHC!1P*9K JH"!4R'&7FH1_C-62A5@(B&I#.#$AWF)*$>7R&4I3.BO>Z(%)-&OT< )(QB[VOD&CAZ9H M$XP>:O![;:Z+N? O+O:<^W1)]^ MJ *4K8>C+54!W%KWC[Z:,0KYB"E F0;$5!C06/?O@2*=E#X^?"NMP.%:*RWK M),A6NK!1D)8D7P)HJYLM46G)%A,N^48)W09NL647F7J!NA!#-:$E%T=D4V,N M\(P9U"J6PJ6_<>D54%H5=JCLE9A8 E*5]T/ =H)[@&EQNBTCY&-C$D9G=&:M M38L()D5LOOS^FE5-T(I MSJPJHQ)IB(DS@TPGXV,\2G'%]@\#",./LP:N%YA32PR:5>4!DSLR3F30/M.="-HGW[A%++ M>R:D@0X3*N/5HCT=F#"+U"MBBX,8>@I)+C:E*#;(Y-&1JKLPV.,P?KT,HK:] MW3)O DP=29@E/8\PF8T7Q2;*X\8'[5/9:$.%PTT;]0^9ES]0)ALQX;!31OW# M3O=KE[\JY'21 C?+LT6R?@%JK0^[ YLDN,+[$&]^<[X+PMC] M._M]9OL=^7PQ^=OGOQW<_4[8I^]'O-ZVOQ>;598U9\545:8;E96/4*Z>S>N4 M#1CE28#\1(T8L4=R._I-!DTU.\SRXXPZ\@9'T2=4=J=3L@&X#](KXXZZ*OVY MO)\>C>.X5)7MY<)I289?\.X1AXWMB/ %[?T7D36R@;DF+EFNTFY++K @*"O6 M@?Z:"!VF^\_OK?0(< ((L*5STB-*JSM*/?T4&<85W9-6SX#T2G*K[FS7N?8O M[;T;V]YEL-L%_GT<;/[@M3GM+^KL2;1:H]*V+<8UAE&QR/51*GB$$M&(R0:: M1^@;UJNT_6WYYO8?6$S!VTSZ$.HTLKE_NU7(,9D MFLW3%W:@.$"Y)73;9[;D_8Y:\Y[^F1J$,HO0XRMZ1XTBK?)[E-N%"L/@)_KA MO6PU>#G,O>P3+[OI GS _K6A+MZ77!SDCK5S6V 7%@9D>37'#?3Q8%+CSO5= M:@0Q":=JP3O;O2%T>J(41]W6\.P2D&Q M8T"8Y'G!=UJ ^DL07@6'Q_CIX-6WJ;9LOU&2H9-M*H:I=(27V:1[I@ ]!2'* M5*#&DQ^#++ IS*D/Z8ORQ'G%)4[F$CM5!4K7+K%>(;"R#]4I'66A@-Z$S^>&8Q>17OY^3-MVA[?H7S]X>??SZWS6PKZ94I13F.%NQS@0@*D%O M0W8J $L.P-!ASPT.&M+-&$%:(#]V'=<[)&WBYA"R+N;G'QOO0'JA7P@4NC?] MD*RTW#Y]MD.?=$:C.QS>/]LA/M]1^O&27B^R=;98?1BL$*Z+659FMZ08%9I1 MIAK1F$(EY2AX0IEZ1/0C9L ()28 ]3P!O&=EWD.Y^R(J#+:EZY-3E1:P-P^# MI)HHPO$W'+LAIFGO]M%SMTT+N.W/ZTP)/",4 G4USU: J#!42$.%N$$HN\>A M&SB??7'7M">$LP)A6" ,4&+7@)#O8SN,=8">2X!^Q%O7IT04 M0]>6G=IH6,DX0C\9E47HACVV6>9S5FO6&:%< 4HU M /4=!G) OIL]P8CY&,'IQXM?*3HVNLDH>K9,8K6]9@(9.QQ,M*82'(0]6=8O MVN0XSF"ER-M4!MN SG!MFQZ2-^%!-XNQ1.*M2MNPMHQ@;?0W\3;?>;?E5 M$SA:LDMY&0WG&:R#6M'NZ.VVE ;RTQVN'[9^+Q;HB);S'RZWFUUY1F?\EQ7+A\=RNLHZW50 HA)(R!,94.%^ @Y+&H>V2&\* MF4J$U^!"1/:%[='-P_?/&,@04SAS%>QLE[=G3_ ",&\2*U22[7HN9DXBT2#N M=((H9(\ (B1_JB'8QJ"26WHIC71A1_B;'>-SW[EQ'X.07Q.)\Z3N8DC-9DB7 MSYFOEHOT2DTJ"5%1[,8+)@RH_E$OF"8@F,0ECWH!9G4!IJ7*D9@\>7DC@1= MVL%#Y/HXBLXW?SNXD9NL3/KX.L8[;O]1](K.ME!@AT)3,9NE0ZA,'BH)1'^E M(A&3"=4>]@?3Z@Q36YLH$8Z55K'-.9"PA6:-7B%L-8=.5&&R^(#B%NF2)0DV$&T^J&*30,D[R-%$4F*G2 SRL, MZ8EVCLI[P@#F\L->DLLG^2SRP15@SE/:V9L0TFJ$3D9%)PDXE" MF2S@*J']8+,Z8-/)*D&X'?.'YPPPIB27"[1SI/*<;G:4E:O$CC4N\2*]]L($ M1IR QU+"HY4%3:%4B_\:=.#(O[/#V_ ^IN=LV;1-5L2L_?-QWX1A!\\0!FM84JAVM"!P&S MCQD2G1_BYR!T_\ZM02!Z X9MQV:HC/&GLR:6)1)1(1*<62=B;&!44C,3V4*, M ,SBA2&'48V.,8))UU%TD&=1^C0D@Q(3E'+UG,^>$4KD :ZG]@)P5MHL.Q)4 MFM6V/-H+JKDN5.I)KA,>?H)SN5$(EMRJF4&8V$K.,"*IW1[B*+9]Q_6/*]]+ MO0*9WDIV*+6>PAQ7$FH(?;K#Y',H$*,$(U)#- K9=.P;8$H)-V<=/P9#'<5= M)B07KYKHPL0,VB-0(4H74 WD^)\?)N-B8/HOB'YPMOA ?EA^*HT>/J'9:#P> MT_]/&35*FZ5/:#I:31>CZ7J9_N5?RF1C(C\A:S1>3$:K\3Q_)M%@C2:+]6BZ M'!M0 )\7UAP^ F_+":+X]BF]#RJZ=;USW_G9YJ_;-S^ME9&-)LC'\'J2'0JE MHNC^MDP8:<-9%6;="R$R7BX(0R:)Q)@5H%]EI6,H58:00Z61 4Q@=AWX-NPDQ MW[KUA/,X( ?4MU&0]#GG<<& K2.]P+/DJ0Y%#/%^#X$7>CGB?!EBQXW/MR%F M)2#Y)YR;']1]P+G1"NDCLY/5FO3IV?GF1!"R,TD?]!YJ[@/'I(0CEP1YH+D/ M4)8R*"V'F84TR<\R\QT TJ@Q:[[8&UI6^550 *?A09T-64V[2HY?614>9&) MJ]V(&5*7-:D8/SP!A.9O&1\%8H%K?A43-E,,#T-HU/:!JYH(! MY6I$P<7G0]\E:B[#@X-O7:^VLS$2=>5:WM'?JQ,;)-V'F*X7UBSKX!&9*' ] MM,FWK6XRL=I[>[WBF[3B@^T%]@K6*L#2&G1(^JNFF9D-L[F_M+:L8DP1*6QP_!4 MGOXKT'M"9G5!-C0]9((LNR9=Z >([N,5?HRECZ-Q'M;8A6RV0"6*IFGE?RK) MI'-DO2"SU)'IZDJ* ZW%/;N"\OKC]AD):JM,+;-A; MPU1#E\_ %A_!\S(K"W2^"P[<>VV$KX#QKVJ'2I]GEG+N)O"W9R3J=XA*'J&? MPR "VO+3([1L9][>]E__.4*/MO\'SMS= M/I6IS3@O]9E;1( Q2VR74C@N.*U;207=?%=IW)*FSP0>]NH(QDM:OVG/NI0W MI)4;(=80!@W%)W7X#T-2)?4!*5X6G'9 MXH9IN8%BULD,WG2#V33MH0 3BD%'02@B4-DO\/RY3AM^VA!>'4+2NTWJ.4I] M9.[+8.SB6:0R%<#M+&;"D]YA(AZT%O$@V!L;KNM*_Y!TEI_<']@Q;8JD+9CY MM!3ZSBR6?GYZPIO8?:%%2C9TT\96KNUKDV$$9QL,4PI?7J^R0MT1RM6@0H]I M%#[=%8S)Q=OH*0C1(RU07$QO9B76]Z&[2WYO)IL%02]':IXWX;E]TW)[$>]I M,+[>J%_FLUIGVX!K*UHWT-<5]0.N>;FN!1P,KVH!QV?0#?C51%5[?K%CTCC' MKPU;H"1> &-,V0JEN)IRFK-,(,"&J-X1-O8W=QE QZ@FJ2G^^.RI.06>0%_M M'19NL^<^#D:>P@:5J81Y;K^XWS]@Y>)AN M_ZANQ"K1+T)_90J,Z#!V@6KU Q6&794@Y%.I\ L4;W[#[O8YQL[Y"P[M+2[/ M/PJ^K.@MS7P2F**0R-?EY>H1RH2B5&IU,AZ.4?V!+49B;C'Y]\@V3G_/P-LI M^.I.JRC?5_V2;3TS81)>(I"/>=CF31A./N$PQ/1RPF"''^P?F-;J(?]-CGSS M9]Q;7M/*2K$M"I$Z7^9[_!.9*!&*F%16?HG\A%+!4+SL%6ZR A8&+VY$=WC2 M!3 G ^\FX&.J Y9OF,5E1P"$Y.]KRV;FO 3". M9XM"""ZFJR/&48*5I([05TSG['+AL*SK";+%33(F\*PM-)MX)G0,#,](QV'C MLH(=Y&[J*0(>EJWR$5RDK MZ5@8VH;NBTVWH9Q'$2XV@Y)6H+5Z0?N;6DG;:HY\]$YFRWS?5B86,;GEG;^C M]%0 :2UC=/OT1/Z,SK)>\-H=4%H7Y>\8.PF5 < MO\ R*2?X[=,1]9/T3;)WDKS3W%VD[M8X.$$T"#.[VZLR_SB>]M5V0O-'.2B[3-*@VH-:\EF%P/=))9)R[S M\9;>W7M"FAG,<[,CUQDSO.Z76PI)1\W5!B8>,G3I%F3T17.2!;%&*9@7QVF@ M2GXB#N:"GMYAEJ[L<0KB%DN[)A.W%)L*E,Q\!$NVGPG_;X(HNO75N,9[#X1J M'&.4>JCK.M.H6/2."GY/YVO+?QJ,>/(]]WY )Q-=21\B>$*T.?CH$:DHQ)M@ MZ],K&PD+TX5;,SC8$K+-%!1Y"Y:!Q6:J;V[TA[!.7TQA$MV9\6?L;&GA.'H"F77]%:I6=Y<(S$-) M,U4Z9]/Z7%=YYRI=UDPUHD*E686R=?F)3_;3_029$Q3IU)8R5)QO3$;).A 7 MKZGIW[#'%K:C9W=_\9KLN+F/R2B:'>*FUI$_7KSR:W0:E=FLR'.X3&I<[;UK+KDB];$K.NE&O M6[)>3X3=J2/"W, 7:AD OWS":,%O1-:H!;4TXV\,J/1RO$! >F*7+=O&!:^ M,+-NATH\6A/12MLE[!;QWB >4RY;$7M%T7,0QNQ4HAD,XP=B,Z\XKC&&31+G M,,1O07.JTY&$M66): 5_^*)/H,?DRH$F)WX?3.16VQF,=O^8P;#73ONYQ6^# M,J[1)*6 ['7KB$&S=WUZ*+EWR+1M(5)!+>8IWSF]W*S^\8^>F"R34Q7YP&F#\68'+/C,T8'%**4D:3IV!'!5'>^Y&?:FYZ!V0$T&"( MRF:3V>R8;5'E$A>3)I-/AVJ= E5_SUX0F,W]>9Z'0/B5+\W?/M'+);$?L5:2 M+51AYS*(XNC^V0XQO>C 2:OJ16V#\=.$ZF3H298JQ/4BWQ%7; H)GE!9)TJ5 M(J9UA)C>,Z8X*U(9P0_9=3K,&MQAVK)%+S2KI)/3/X31^>:B;/8#_A%?$*O^ M.#4J.5)-S#C-IBKLWUA/>DHY5#EBVDU/.KWX+*GM&9,7T2V[WC39X'<;/^.P MXKTWD5#$/.J4401>[F=:(1VNG_O.9S\F@Y%K_RD(=\P83L]#_CWM4PL21LD& MZ&J\G,ZR&DG4)S2K"[2AJ2(5:)0>[9[03HG_Q'8H M1XCB21 ZY.J5(L9J)@,59@85NL)J)((8EGX:U(*KF015'VBD0,*^S[[3<$4> M_SG-X5]1+A\EUCR_FCF+DC1/$E$ 5^'U!Y]0;3X$$$GX5HCKS*_)O8&!'4^ MVZ'O^MN(M#=L9J]E78_[N$;:\&Q0Z2,LTSY_)HOV$9*Y;_#UM9[@69W@Z>)- M6]B562-TB F#R@$5&HD20.$%$]A_Y7H' MTIY+?L'L:< ,D)J@,!Q993> -.6 5)P96: ;MG27"7OUC62"CA^1DPL$WQ J M&QS12I0/RKXP(2.T[57A/P^8%;KLE5@NEOQN-/B>D;X0->^@W_\!WYMF"QK?D[31&.CDDO&026 M* Q"%HMUE1EI=XK*33<<1J@D&HPH_<&U3H2KD402(7K$J#8W::/7YQT.:4FM MG\/@>_Q,-RS:/K]=:7Y:*Z$:35 )K>6LPJ1,'DH$HE0B%('Z@&=U@Z>/,,*@ MJS*%[P]M%/GB>CB\M&.\#4(^-:I/::5$1;52K"PJ5&!R4"8(B@&GH+&4T.@+ M^,80J@9Z';:V /^&MRY=#O#CK_:N:=-"XV-:0[RJ6Z'_/1U7TWTA"%%)4$%^ M$AY+#8^^,&\.I&J<-R#7%NCW.]OS+@Z1Z^.H:1]FTU-:P[RB6BDJEI4H9W)0 M)@@JR$]!8RFAT1?BC2%4C? Z;) )U;\=DH'&/O#)^%UX?6SSLSHG4IL,4(F8 M[,+81!#*)0'?%ML'+DL9E[895%&(569/N6Z 8$9>-R"YO?K<=TIESG[!-CV[ MY]SZWS"MY4%27?EG$"*7\U;_7^ZMYCO171S] MR7]C>4[Q*@A"R,EQCLN(EY9V%U /]&8-*&]9 WCK+64G[CT9_7Z07NH-J)K$ M;/C5#QXC'+Y04Z[]_2$F?R:N)6^E11-LCUZP2(3]2JQ/_I%=#H!Y!93 S=%= M'0$0J_QY_-EJ,4V*+I0(G79'SGG=D=MR=R3I?93M1LQP5+4<9:8SL87QR<49 MB?DHLU]O68>W\Z&.VRFP#P5:D>+M?"^KN!TZ=R-M%0^%5UGE?P*K M=6% 0Y&7T(#^P*#C@8NB%/J?71R2[_?\>H-?2!CPK]B5?!FB)R^T2*GC64]_ MN<"DJWG^%]#;=P>!?-S75H&LO4\M%;J-'>9VEP%SLC3&^1+BOQVPOWF5(R3W M31@V\LR1C\OI;):.F$NR4"[,% [V!-3J A2 >6T!RJ&=T$N@G"M*]K65Y!6^ M L&R!CM4TOYJ56OI2A+!C_'V"/.X=9.'J9UA@G!LI!;/.:9PJNTHC_@=8%9U M./ RF4UF8EJ!'^OI$VG"+->WR0B('6S(;_$TC4W"$S[M+@'E$QMG1JRC.FV\ M%$;F#0@NU:5$QVM[[[Y&[HAK[Z!%J$ MWJ6HWX->D:(0GHTA>;KD3T*PZ7EO&&3(V]/BR'=VOZ0 MB]I5:>2@7.4$<2M%F_P&RLRO."XN4F-+G_F5A1T7/=EF(NF9GL'U0^2(H4$I MM(F3Z;*>:(A]J'3O)K.0C"G94>0^N7231Y1-A!B1+G5EEL:F+>:TJ41JG2G%HOA\WMTE.!'R;Z\ MHK8?LY]FKPS!/T"^'^IKL>1?]AD6^.Q-9FWEM#)8"E?[AO]H^?R.$.S9CG!T M;WLXNHZB _D1Q[&7C$4 2-1FT3](9F^!J3(+;#)*/.D2L:1/CY.^?"3VYS]"_I=,0[H: 9F/_-9:@M_<^+F. M>P &<12]D;S=;+U*_ZWI;/HIZ1A])R8UI>1!DNL^NP9KJ 3;BX-GU,'4J>5Y M#CM&F*3+X DE( ;TSWULA['1'IIS//2(MZY/^[-B/[V%1D6["_3,F@*ANTH9=O!8/7 8^V^E)[PR[>/TS=FB1Q"L[H\Z0L_[0 M?K5T^E5[=AR,[(U9X&TT)1^_1*\]OXN;9/0.(%[6?O M1=9('^*=+N>317HZG@I$42(1X4PD&S<&5.@'S6?6>P0X*0"F$E$NDAT"9T(A M#GKW"-(J0+)O]O14^9!PYZYEB%:-<7@>&%2=YSRJ54&D<^9YQW!%J#1/@R"'5%%BD$[72\:B:N&^V#R&4[X8(G ME.E!3%'1RX4F;X]>L'(OT*MYB%S6W?W\8\.VM5$G)+O7^H6\3B#[>$MO -<. M>C(KHZ:+>VS6-1$-?)&Z&G6;LU*KJT!R$O9Q:'MD]''N[%R?W1] $^?G'WOL M1[QISK:W=&8AL2GR,3B;S=,3L:E(QKFJ4)1*!4HUO4*UCJ':5:B8#U4;Z^2" MLT(W"1]!\*P^URS]ZDD5!(%6ERH%V26.C)=G!$' M6IDJ D^8P1#A053NXZ L43UB.9^LY@*>@)XJ[0D=GRL&G!MM"SHQ7X!/@R9W MP-/.Y1<"BJXMN?Z!6'A+.IC,ON@"/P4A3IY[L'_@Z/,/TAX&H>/Z=OC*:N=_ M)4ZBJU*!1^S;7OLD+'#$&X0.J5$C;P>$H= )6V:U@!,UV8"7!B@J;$*%4>B1 M6872YYE=(U2U V6&#),S:!5<4!_; M,=MKVE)BD/>T]LQ3,T$EME?5K)'+ B\IV \VJP,VO8SEAEN=;84 MP2!4] 8<8\IF*$369+'BL"83"#HH[0]D,WTD0 )QJ"D0!3RJ><8@+@F'J^)W MX/FD.K0CP;9N913H\+5/H&VL,F D*Q64$LPR8DS+>I]WMNM\Q>+.7.5![2PJ M:U5 ##AK\Z6K%!?;Q MD]O*@*.G(6A0-4&ER[^>'',A6V1#[U)Q[X$9<1(XJT;T')9H-5$[1YI#KI$H M#?X 8DN([0A?X>2_U_[Y9A,<_)CP^%5P1J?]/;T,$ANC$&ZKB95SB0E#[S*Q M[VE=C$PR2D6#T:I7Q(Q@.;0]'YI&2LG%Y1&Y)+QB%LV^X0UV7SHQK?2J$60K M[%%8W9I.YG)\*Z1#;=@: OFL0KQ0B!&>>_5@E:/?D7^,86!XP.4+]52^^_&K MT P\LDZ#6KT3L.=M7L,H"<&"$H_3J2VTJ_)/6;0[^J 'X)O MV*-9]\X.E?C7]"XH 1L,4NF!3<5M()&.X@"E\E&JP!02GHZ=L3 %&:8@]WR0 M<$04Q*R8B3P?F4'%=/7:WU[:>S>VO?8E8%D!H*3D6:6PI7XQ&PN9F:M J0X3 M%I"'<0,C::DD<)!#MXLBP*4F%.0"Y^XQ+N:OT(>&D)@>?,[M3(ZVR,=(T\NP MY&VP2#YB%V1<)R8N%5^B+^Q1H&'@L[%E M3FP@-DI"!@6]C(%4K"]OM41A@C:?Y$ETB-]LU^"X5_9YMO,RE@R[<]8[< MJB WX""02J!6^2?I&TCVM:US5Y\"X)3R>O!B,ET?T2=9W?[\@]:)+O4YV='T M[*%1N5';Q.X+Z(3-*=BK!()?!V\,M":BP*^ OQ KZ'Z4A+*MYQ$XCVME2;,- M*LU)GOO.-UI1 MR1,?U&Y^5B,[&@U0R*;K>=H1*YH&)I+=:D:K/T >R.X#7%JEQ<_[6>@I"+/* M9M'>WH 211AK99;P7=%++3,F_HX5X+W"T29T][Q28IPG=53.!!T#: MMM85;:"%ZV[KM.M9NKMQ\ 7HMH.9W>UG!RD?J/RV971MC9)X,=F$->.2#:11 MO(^#S1_/@>>09$1+_L2O[5^I^368B&^T12F,K!H-DHI63!(X(_K UTR3%I0 MC!&&(X=&?/^8R*V6)6#IUPWB6H>SM(MYO>DI12/X8N] D)/.V/7YQ?7-]P;'@0AF2I=H6A^GR\K-%I MA%(YX U8-SRE)BL58& /[RBB.,0H.\ ,"LBW0LV2WL^,3PV3VIG3 M(":;B$SGB61#TN0*&-[X^/;I,L0.]YACY1&MW"CTJB365=;O"OSM6 M[ V[)@R6&_70JK+AR"/0\?\E=5K*S8O,RY?VGOQ%,&>@( *(/VUV*43D8K7. M6ILRJU"FHFAY%K(1%6X..4\#S3CYBQT?0DI&ATB@ MZ.T=)DUECUWV? M0&2!$& J\RU3F319CUO(G*LQFLZ].:.1T&'N _.IW1[U;>1N\24(O0/?"7RV MG?G1]O^X?7K"Q.1OI.=P+%V1)A&5T#3 M@UY-(+'$4]*!RL-9$QGK%:.E=T:?D&;H"N#:%*/.1Y3 MCEP 398'_".^(+K^D/AZQ;- 5,D-4!AV%!,J%::@OU)AB$F#ZZR=C.R(%R91 MHA99/$94L4,1(DZM^0V[V^<8.^9MS631L(DA8U/\_&L MN<')Q*-4?GY.F0T-1LB.T5W@^O2P+WIPFT_[ZN%:_PYA[,O$G=FI ]S, 6&Z MY%=LDX'FID*0'[-5UGLP_(VBY!ZS+?8WKU=NM/&"Z!#RSX[Q7]#*4IX5*D.* M93IB*B31#?Z%,"-:NIZ 6A6@YNR^;(V_*IN$WNB!0%$8E\A#_G5,'/*KW]-5 MAL;9O?K?-="BIE2A+V1EAURRU3&8>;A3(5BR$(:.;&Z T$!N1@F1^'_!X99\ MB_/-WPYNY+*[*\]]AS!J'Z3_++&K;:C349C&!J.;A0HY=CY+)[M332-4UL7V M+)6UE5J9R(!F1HM[TFK; J] MD2G$:+<2IW@3&TMF.N+6[#*WW6U8&6E\K&U M6BRR%BP1 -F"G0#!DH6@I05K"I"\!:NA!&G!V%KP74@+$:8'.\FOR-#*^T;' M69%P\57R99TME)1%*BEW816T\+>H$,WR;BH<)=*!5U\' 9\1BL$\I]5CM]B( MA5:UR*TT+?)^ J)D$+)-E,*2@[7']-*LHELAIF;+=#Z\?'[\G[-B .=Q'+J/ MAYA>\PY<@_!$U(Q)!-!9&9$K0*2128T!=\29.G83V)%5M/Y"()$> M81(^M'OX$%2#)WOASTG(27[CSN(!V=C59J6N5GK;"H>@(Y09@6BLH8H9 F*C MU!2H(O)0KF1EYLL*Z+P]+U? CO!ZYI\HR9SD?=.2TS?LX!TK:M1V[+9>2M5^I1NO;.]G.[H,=KO H6>6J3OM#6=8+_N6 M[A*V[2;)QMIZ-IE/TW*VJ52TM2.TR>2B3298:P:OZ? MS):K2;U1]Y*(SW(E6(-^"B@.C0UIN4]!QB&RF6UU(Y6XE!ZP598A,SB+%>/! MFA E]388NO'MA*+&5R-XV@E*C: &\;&5B,!+>%]Q?&E'SW=A\.(ZV+EX_37" MSK7_Q?5M?T.OV\POE>/,L2@(T#@;*&^5PN3/8IXM)> 84?$HDX\>7]$[J@*Y M_GN4:QG\2KZV>L>#N6'1HQMTS8BIAWIY4DS1E69SN:72<@=!1G);O6PQB>YI M9XZ#%VX>W#/)J0+JE2]>\#U*UCV:7 %Z'7QW'G0C/'A):(ZIR36,)S3B30+@ MB=Y@E<+A@>EZ)47P7(NIC?CI;J@VX@7TLD-DW0#,;4&H2W":YTJSN=RM$1<) M,I+;G9HJN8YZ4W";VHCWYYG&1KS)%28VXA(\Z$9X4QOQ_!+?KHUXDP!XHC=8 MI13&"RF"%S<@&]J(G^X&_DA<%CPPHP4!+L%DG@/-9G"WIELDR$A&JS=0B]EX MW)G9IC;=_7FFL>EN'/_LXW()6V6V,LB/&'+D" MG QE5_*VPLM\6"DY4*22,4XI,B>RQ#/JT-G0/DDJN.$H^H2D/'-VV> :Z!YP M-VIP62[M9OA,\&*[7F(FVQSJET]57MB1NY$*JW8I8%F@U32%>+>L.3<'9'IH MF">:4%G5"#%E)N2 OCUB-;;7 L PQ):.=#ZMY3QG-JFO7.\08^?D2,GD&$GL MU#BE0%YTIW:JSG1R=_,*C]X"T.81_"CJNU&\[#\8DG\_WVR" RN]1T;@/OEQ MP^[^BNX"S]V\)O_;5B=,68Q6BJO9IA++V>W>1 P9L@9&\<-0C+*0E?T4EB@1WR MT;F>S<4U(H"K)?6(,J_LTC0V-J)8DDPT5FC6YAP@2CDXQJ3:DWH) M=*Q>*:+R"@DQNLKE(#M"?\;.-HFM* [9<0QX$IV(E''G"H?NBQV[+SA"==1T MP>*,+LTTX(<]EB 1F4>L:O16/X>$ I_>YGP@S[^R7N]M4E! <&1(_(;V T1" M\W['G)TF]M1JF3".TI0\T^ MVSR94@(C=&WZD:Y*1ZT'>B" 6I)MV'C0?UPZ2['R!R MSZ"^L/KUA9[\U"T1% FK@T=[S6#_@5\__\"; ^T@WCX]N1L[KW2" MKYY*?PYMOR6C=14)E>$ZVBL?W9/5TCK.>'_@5X0SK>073"V=1?].%-/"9*AH MDR/6)@=,.=HFVH&RH!Y?E;/B[1,B2E&N%:5JT4. J&*Z<([N&_LO*-4.F"GU M^,N2B*VH'%QGS<$59=$%GD]/3$NU_'K*=^@UWW[%,:WTG5R^$(H3:>U9J QY M;(CT*&,]MI:3X]3GXQC95!SYWT0>4#([$=91EJ+K@$PQ6I)H=%)O;+]UF7=M^@W-W[^ M+0C_*$WXWG[WR9=\=O>BSRCU/E16D#%.:0BP/,X4@9OT\R/TG>A WQ,EQ2V, M0:8&*($,X(%)1P\ YIH!O&#UZ 6MN4>%\+5\).U(B!4B8MRY[_QL1_].KWS- M[+IPV2H6721W7^CFD.A2>#^[JA2-*TN*IBFLQ\PZT_#^H,Q_-_3VX-3'SPFLD$W4G0,\_)25!?'@3(ZO:[G]?ZP MV> H>CIXGY^>@C#^!GGZ[P/L0;E_4,R,\>IC\0&><[\K3[ M]Z8>P\#*(/)#KP@4MB3-II-Z&LF,&:'"')38@Q*#Z$6/N4FH;!.]#R"UBLDK MVP55 =\,+\^*DQMEYSD5=SDEQ4:DK$%XW)C9^O\X!B? GT/^(4DE$>8E*V:7 M0B6]R6K:+04Q1<#]F/Y=D5PH$@8O)#<$J4=H>>1]?O_="-DQV@2P-VMTB?,. MM"\\:#"9O^+6H4F[ /.(3*Q2:..FTUDW&A,U1I-8W0U6V0U5[J)W4>$(S+1$ M:,?TO!_1.5&8\^.#N6+!B0B6QCA?WK 45F)WAP26N0PT?=WC\,7=8.$>7,[# M$&FI8H%2P"WK*2@5!KSQMA=L5A=LVMG4&&R-S*G[HI>%$B*?OXFV^*/N)8Y< ML_P5*M.5E6[R("]K7H_H:FY.0,#]K%UMMV1LUS+W7XOA?&*_B@VD6#4E>O,J,\RV;8\])2E8/*0#VUDS&Q+EGUR'6Y@E;@P\Z5\X.KTH9P MW #*AQNZ:^'SCSWV(]SV^2K/0G"B;(!2!$V.6<$DC5 J"ZA_U0.LM+0.N\XT M!X?YJ+13HBF^&DE18K1O)1,;&B724BD>9?$04 #<\O:)GC=$#U8UV*=1]*LP5V8I[ 9XV778G-]+T)9G?V M3$;M\9N@=CW2.W'[R%MFD_M[T ^U,SE&$CLU3J6G.;"FC_GH\*9+9= 52]:C0#WZU$H3W+$W>TY9O^J1C)17U]G'>7)92Z+/TK>:MY*X3 M6_WIN,28+W*TAN]3"*B[BHK?+-)2K;K-(3C05)7_(S#\\TF/&#G MQK4?78]=B-=R:%S\DLZT(K1$86 _MK*#5%0B2D6BDDSHT]]](K5RI*!$E8J] M"NW:G0!'(C)VBJ6(4WE0.UG*VI7"9EDA"!-C!"=. %3P &T2 EPW M(QIL4$BEBWPW(XN>5)A!3<3I\*Q.\+2R11!V-<+P' +&F>04CN@;ID_H9D:B M5BE:*BU$\CY@['<"4 IWEPM :W17 Z06T"648#%\$_C;!QSNKO"CL/]3>4YW M/)>5*P3%)%\&8T%!I9R1^-LA*@SU30]D9^'WG'D(:(/ ME11J76]IRB!:G3,QV#DM50,T>:@M<[&%O))&N"($IZ:1HFC!2:X%ZQ*0(6E^ M$CCIHJ2':MNVY*[K9Q[%#.NK6X^ET7N91]X"G*$T!81?4# M=D\4O?&&J/MG]/EO!S=^16?H+G1)!O9QN'TU8JJR*9C*#*@YHY?Q+)$:IW=5 MD![C0W@XO@N]W(WG/ZQ[/,JU1'K ,%M.K?0&FY(P-H9BXH#N1>X+V 0(F'@< MV!Q-V :M.1DRY> M+5[\NV?[0@GUYW2B_?XFX\E7M3: M^+59H]":3!?3C$VE8S^%7+JY-9&)ZVF:@4Q\M6 M\A;J4%5??MV3893NVS\UGM,K9\M^R*Y\ EWY.9$=$CE RJ^0B>'VZNH M7&\M]9[V&4 )HZ1GE5:SV6*63@;F .U&!"S%9V#]DZU3(>F80 M%7A:3";*>@ND@Q0&&XR=Z L!>6'[?P@V@C8^JK.STZ!?885UO%RDQ$KE)#= M4$F .T)[ ,6H<^Z0!I@D9-H<9^T3N@EL?X23EKGFDN?E!W.W02 MN;<]8FTVE+@C 1#+3#\H2 !*%"UFJ<3\JC$U4 5)K9KL;E6F9&3$M,-@CF@@ M?Y0ZHG2[*G4!'M0%+SA\#*"<,&GWPFN[#R"RG23=>?E-QHT]9+0HC$O9C/SK M.).17U&[G,,FO@W3ZRO/?[C'!=>YCVG(23S="J&VRO?7)7)82.5WC5)AFK?E M](3)4L<]33$QNI"=%50,LI\S]5P[-ZX[]N@%+ S 4D2,3! MT>!D:'PN"*!I9 ,_T(XHP?$$4/_VR8T%]Z&6'M#;.TVU*BQM+*TT_,F H7KO MZ8C^,UWDN0M"ML!S'B=KNFQ_2ASH6O<[6+S+K MTTM>!RQE(-HQQPU*P$H235WHEO.-+:_IS>E MB8U1"K)BF%T>4%?'T^!G&/N&;)T*62.CY +VB&@2WC**?Q>O#T1WPVA2Y4T3 M.%B8H] G7<_G$BP<(2H:9 PZ'.QV)K;"!N=B/7BEV'CD,Z/X*%_47DF$"0P] MI6SZ>C)=3F0:3",*>VAP186^[9/PX%25+ ^O[#&CR"M<>>:_8@(YU19&5UG1 M]Y8&!')UN"^/2S7P;$*;$,+TOF(O.,,%S"W^I6NPEM@O0-M/+' ME)1*,A4G&95A.@_OS1K4=[@!;;W,JOBU3 0;@:/ MT^GT7^,^$I4WC6!?;HY\;],:3V66GK+97Y ])\,!EY_V!MR1TB& Y2A9]9JN M75S?R(?A;5@L_J9IEU:N4&'"=3Q-KV=@+X-M1NQJNB5CNHY=5K5 R'9559%I MCU? M!@<_?B5=)KOY\B?AH[K/EW/LD#YP/%U,EN/D2'DB"B6R1HA)TWQ\O!\T$QX: MR)J2_4"S.D'3?^'3L_D]1%-]K=^E:# #>*QDH'6?CR7BRSA,"TX&V1 EZY[%-I(&/G%P3<@M5;%Y. M?[X8T@N3BA>H$D2UH%L?%7I025&R( *:9(;TAU7Q1[JKF+DEX'EDU.H27U#B-4M>N,)!:S&89-YD4Q,0 SX^< MC,A20Z1KXH,?4.5Y#@YZ: 8\A+8?V1O:BMZX/KZ.\8ZWN;;U-2!V--FB,*2; MS\=-7"E)17^EL#;P"05O!#,$@4JCV=<3QG$NJAE(TWK:_"LB]1W MD5C6>-W"N@A\XTS/<,6D:X,+S+E:F$IP+@+?,L,S[.*U_!?!@1(% 0;PL&Z5 M2@]KWMQG!#Q(,AC.IIXD^,D1]6"5X2#'5R:Q4?X8B8H$ _AXVLF)R:R]B33J M!,EP;FAI.DUDK>09$E6?P?!VGQ=M;RN>Q@T-!1%:F2MOETIWKY@;W9?N-*B6 M*1R5_IU5*[S!].J.TO6_(TXQ0ZA"X4,Z;%;Q&'78&RM>V(4HU62@Z%R8;!#; M9##M?+9#GQ:*/=]L#KL#RV)7^,G=N/R1;.N+6IG?9HU"&[5:+S*^)U)1)A:] M*PE&J>3&VX]UM,\]0[8JD'$J%I:!LL%9Y9V48TQ@F_"26L[#@*Q2W6 S64DK'9$.]&]N_'QYB.)@A\.\ M$M=Y%&'R?\Z#_8/[B=4E:>66LGD*X;FV\F40IB8IG9HI0M^))I2I*M4@G>V2OH^6E$_@B^S6S@#.J*B&$C-?6E;ZCQP#BM\-Y\,5J5HUC M ];M3@)CM9%2=U"+E]X:L$($^?WF&3L'6H/\XA"1[F$4L4O1(C==A2C]BQV5 MY'P[93$:2:)JFWS<3<=9P:A,!YW]RK2@LIH1>GPM_R(]>0I$M8%=8O7N$EW< M[4J',K<[.1>6^Y?/]-C)M4^[B3$9*+HA9B?;\_E99FC;,E]W>2#90-%()0ZL MZFDA44>&'FSL%:-"8VGAP)@#Z;K,N ^#;E$^F4'/BZ.)S72<:2U8&OD-OOW4N;(_>T73_ MC'$LS!3J[VLZ%:EDE,("V6*=SHOF8E$J%S'!X'P?&GQRHW*PVP=^MIQ:=<#Y MCIZ8 B%QYVC.#FNJ.PZVF6\\VI&=_+CV[V,[3O+,TQ?7)S!(Z9*>TM2,FC20M*5D MH@*#9N-Q/3WENSF(-L34C1!3R"8;4I4&II\AG90/V@YQ/B-3]TFQ5R[IF>XS M!YJ183K1ICF3J/L:-F/D:8S-']%[!+/Y-!='OV";[D]W;OUO=%=J2(!1/)%B M'NE#!TAVZ<%PA3F0^6)1SSE%OV:43 8GNU-*=J#,$-J8YZ8P$D8&)B/]/JTM M,;7YT8[+WRWAIV:&\6$VNIL>=A M2)?7V'CPXK5XYBXYQ7/^W0X=N=QQJGR0?'*BT2H+0)-Y/</5#8J&X#* M%E ZE1],K4#,#%,RCUY'UK+1L([4GZ-Z(FMSWNKC6VE;8<=;JOUG'&Q#>__L M;FROL>*9^%E=*^<\ Q3">S5-M]&5I0 6&>X+DZ6$2 M.IM M#.81^*:E0%H/@G6VXR=;J] +7D_3LM\R;4U+4W,#78Q-N^EVS\9,GW_@<.-&M'_Q]2 X']R_GK>0KWC&*Y%PV5/Z&J'4G!$J M&31"B4EO+)_UY-GD>&4B"^&R5R*J%G9&=2AJ]I*ZA!_@C6>RW["[?8ZQ<_Z" M0WN+T[_@N]#=<.=3-&E_FUE/!$F)L:N!MW>HL9]O801['MT[/\@_85ZWK>4-:L&:]"RZSV M?I_YL630V^XKGNK92E\Q*'OE[?<5N=3L,[\U?P C,QEW)CV93B?VG?L.O3?R MJ[T37Y$ZB"J3\ED'^Q6(-YNFRV_T- MM3(!6*%?JU>TK3)GEI37^#@W*/.?U;7*S#- *9"F3:O,0!-X!9E7MQ*D\N_BOPK",:X]\%,X6ZR:VU8^"F\2ZOG#7V:>,&X"% MK0',8:/8:\"LO(^#S1_/@>>0,$C&9?*T%+P+PTN^04J=JD4#,(Y4'X*C^)4'X)@G.K)LL5R61N!@9YG.07(\<#+ M@/,DC6'3&/; I]1JE.-^H-J#6N/\6+M"/V'%7)4FC/\P@2FOOS(PNV>F= M$1)9:V4"&= CZPEY:=G'+,:(>U4&=J6.3)A-X MQ)3MM4^^.([DV=9)."@SNUBL,MF6K3PUL;A\*U.JOD;LJ@4H,V$0>N]QZ ;. M9U]XGRB("]E%HVDQNP&AD_YA&!L'?CXT^ Y=) VP2]TJ$QN"4_*HN-'H[%N0 M!N:PWWML3&5[Y0K8Q77846ME,141.AL+!;L48GN9W1)?EG]4&KVDPH!KX@=T M1'(43Y>6O/?IZP[2,6/4*9@A!(5(Y0I854@4S4?!F%>4\H9&/I$ M&3K0U=L#^\'JUP]#IZ:N7*>YJ9,GU;L-4=9OB/#FPS9X^>A@-^DRD!^.>PKD M5[\_$.5$Z?WK[C$X_OKUOVMH[6M*%5JTZ2IMSU,!*)&@ES.G K#D P=[-S@ MH-'IR"LRCU-G@/ F<".??'VO#<]"<6$1+U*BEROFY@P2@YQ#W2%NQ(1.D&J M$B%*(,$?J!8$%9<')?R&\(!=TQMB1_[KY6_ \B(S0RFKSD7\&*%,IC%,Z0@R MO6YV3TQ\MB-61G<3[':!;S1[CD.QA445WX"SB=TV(/-ADP>AN,.T*^3?^6S5 M3!DFJ%^>K!,L/M[2"NO23.D$:=;4IM@QH4D4_PNB'_P3FHR6R]EHOK92NK#? M+^GO%XOE:&PM3:-1)0:Y["G\909I,A[36ZY_P?%S(-46\5X%)5;='OFXG,^7 MG-Y;=H5.*GS$[@-'B7QS&'@Z]IFXU3*+9ORH%1./XZ9^YMJ_!P_/P2&R?><> MOV _QM@73*WSG]8^D\XU13:&UHO)>CQ.)\Z?,(\\_@/K&.?)+>!,I<$_"\,FIUBY:\U3U1Y/FLHW\A1A=B4WF3 MOFUO:1Q3M)BBT*6>3*QF,J?16PE>'3F XD?O*/[W'1R@:VPER=GRL$K&;Q#IYR]VZ-*=R]_(AQ?4YJL] MIC'!'.M6B+'E)#TMG\E 5 AH];T3T5@J:'3Q@1=$90(TXH:.>&&1VX8'@:)> MM9HJB91E8]R#5I@]&5%3[!M0()8?4+SX!R[.>E2'/RE;?>5Z!_*[9*&J5-3Z MW/FO0Q33=I?S6;M*T\BECB8JK-",QVE#4[MK(U&&4FWINFVY_CPJ%,+P4H]W M+)%WLDM3HVIA_K3$.B2Y3^1*.0.@22(%."WS3%%HK*]L6 MKACPJ6J88Z3#NF/1KSM ^=].@E;>M_C5(+[7#+RP(W>C%D,<&?!<;S9,*;17 MG9C.]!C4WO?DBBZM/-<5P!P7![X$PP4>32(_!7U#Y)%_DW^1'^B]1>0?_Q]0 M2P,$% @ ):]P34FJXG:[>[.[TS63E'R;==9MN23/=I*7+IJ$ M)*0I4@N0;FM^?0!0%$D)5UX$"F+5UDY;!,!S/@('YX:#G__S;1F>O0*$81S] M\N[R_8=W9R#RXP!&\U_>_38]'TVO[^_?_>=__.,__/Q/Y^=G-W?3L__V00B0 MEX"S9^\MCN+E^NP) 0RBQ$O(*&P/ MI9^N$&1!R/I]]_'#YY_/+R_/+/SU_N/S\A\O/__['_RVWCE=K!.>+Y.Q? M_'^EC?]T=A-'$0A#L#Z[RZGZM[.'A^OW9Z,P/)O0QOAL BBA('B_&2O,&238 M1?B7=R4NWUY0^#Y&\XN/'SY\NL@;OOO'?SC+&G]^P[#2X<>GO/GEQ7]_>9CZ M"[#TSF&$$T)-I2,=C-?U\J>??KI@3[/6&'[&;)2'V&?@:!!X)FQ!_SK/FYW3 MG\XO/YY_NGS_AH-W_T%?^#.*0S !LS-&P^=DO0*_O,-PN0K!N\UO"P1FO[Q; M16A^3C_1AY\^?:#]__DF]M,EG3=1^B*;53,K\!'7X\VTZ6IQA#.OIUZ&$,9Q $=>C6 M'/E '#QY"-2"WV#X9 $2Z'MAJSS=$\&U!*,P 2@BW_P5-&1B?[PVJ9TN"!"+ M. R(P+O]>TIFZR@*Q@08=!TO5^01B#!Y9T9$0T[,WF6-RS9FGOD+.YF+UQY> MW(7Q#WP?!1 !/VG(UOYXC:F]@=@/8YPB,/()4-DZQ00M\F 5YW\& ?N'%S:5 MS?7?UB:GVQ=<>2'=8:<+ )+2R^@DB2,".1[/RDU&2Z)])+@AYTW?WB(23RA> M <16!UTF*SK-RJ_G/6_&?:TWMLCQ0QS-GP%:WH"7I(-IK1Z^15Z80,O?.'X) MX=S+UQ.!= D3"EX7B[?)BP_._S1=+CVT)NI(FI!.7V $E^GR 1!5]LE;LR9W M,7HDZXZNM-!["<%X14T;8OVP5@W7^\&H/#BR$^#'1+\+(7LXGCU [X7\E:P) MI4]A.I\3VDB/T0M1Q>,H6^FXJ?CLEK06,9PFL?]]O,J)VVH?1/5@1'6P+NN] MLD6>)V1F)DR[3];/R".O];M2(,Q>U2*/6ZOFGMCG*,U6+[&U@Y0LR=D(8Y!0 M\/,9!P'^0M8GZ1B,DCL/HK]Y80K&$9FA*4)D&EYY <$]V0=##,KA=>- =$ MJ2UH*6Q''O6%'3G"#^ 5A)^ZQ*\-\CK&\G8V(]; >'8#$'QE5FKIX9AHE!&. M0TC]8T%9H^Q@VM6FI#\(;0TNHHYN]ECRU"I4 I):Q.S60Q%9^?@)(&8\TVTC M33:[)Y4'/K/2PI10D[=]B/&V?3-X&K^]1TA4W0E686G9LS$A/;\]Q@G S_%V M0I>F)II[$?Q]8\/FDY>J'5%0C@V4I&?1N6#Z&;PE5R%19.I@=T#JC@W.)S* M#^M9,Q:H[!K>+X15@+#$#U50ASN:DS5IZ!J::;HB@[ 82L5'U3T@1F_N$PS/ MU"!O>6G5>'_7D.3>N2="35)VT74NOHW>W"<8NI@9-=[?-21EQV='4X#_BLZW MX=S?E,C\3=VK+[7)Z"U 7:R,IL1TOTPP)FH2]=J"R%^71'G;:T7XGJY9++EJ M9V7GX\9AQ_RLS#HA!@SUWV7.[8Z635-BN@9+Y,7L7)Z8O+AK$+9^M>X53/FK MK#+:A3C4>6'73.\Z,3KZLN+76&.PBR^J>MF&V57)]*:IF!6N21<0!31++?N5 MOK*M!#OV>D( (:GRSI#F(<:H"C5])2;O9-F&&/COY_'K10#@!86?_H-]A_,/ MEYM!QFM \<9JL+Z96UNE@I-\NR8Y"WO@K MBG\D"ZJ.>Y$887[K@Q%[!T. KLE2F,=(3&2UU<&(FX YI'(Y2AZ])6_Q<)L= MC+SIT@O#JQ3#"&">5.2U.@!QQ,ZA$WZZ7K[$(8>LZO,M065=:H2JQ'G(SP2Y_/#AW1EA M8 :(XA$\9+P*"634)0!AP%K2GC!&A()?WGU\=Y9BPER\RI)KC@N>'9VQP.?C M@(]$5RAP^C3@)%7\"J3^,""ET.4+K/Y]P(JS+Q7X_'' 1ZSS%##]:8!)8L 4 M./UYP$GNKRF@^FF 2F@*;5$BRN6 DLCH*5 :='"E55]":]#(=?TV)="Z5L]_ MOM@-*'0?9M \#V_L-LB]!C,/OS!,4GP^][Q5YCH 88+S7W9]")N?OXU\GYW$ M?/+6-.BRV4]V' J*QN;NCO;HG@ ?P%=*S2-(]*CG=K'$ TI!Y;2%B@%!>RO4 M;P\G/7DPN(^NO15,O+"TS$5LJ#M:X8>>?IF !*)LI6X3;A0?1=6M5[S@QSCR MZ_%3[FJ-IUT/[,Y#>W0)8I*"1O;HU)C,=J5*F0(M4'?;VJ":%K.@:7GD/S1_ M]=4+:7[#*+GV$%H3_8;EK0BXT.MKA:O2^7>:)#UL<;#94Z2? M8+>9#5IO-AKOL_=6VN&5\EK9S0XO^3% ;>5&VJ4W/&A\#GDO*YRDX#DN)4FJ MOX6X@PWZ2T@*""ZWL$PAD7M,D%0J-JG)YG?K(R^*35F[NV7>Y"N@)S)HGPQ] M]/N@%Y6/N2@ Y[2T3;%2V L:VZ#["XR8V^L^2@ "6$3Q7C,;M(YA2$3#K][V M[-S&"5?0+*(@T<@XL)@ "O\T8,[.N86IZ%E>I53GM_6&M7E M%2BCN-+.!K7"8X[B62[MTC<>%/N25M=>\<2F38V/L^UG@YL)2#P8%04T1KZ? M+E.FQQ,[$?I0Q(Y&1QO\R.(FBAFGU=4.3YK604_L 6,+H&YOI[%FA0]Y&V+^Z%8&J#XP>AMX@9-;^9_Z. D4X@(8MY(]35=6&8DZ:9UQ MXH7'@(3 Y5(&1#/P4^#E5GZG,5[RM(T")K?2.XUAXGD0"G#<2N@TGT,"7#[5 M2>'LORPR]<>7H9+YCUT]YM$*;@(OL*O'/=K 3"_GR-4#(6T@J(PXNWI,I!WP M5.D3KAX>:0,]CC/=U0,D+>^K3<^0')4"8J#A[R:4%VJ:6V=(:J,D2OTN@'+K M^$@]H+@9! 5$;GKR#.>2,G&]P,MY55\#+WER8H&5\RJ^#E:2U,$"*>=5>1U! M)9U+=?3U_FL&)@D!%6W3( '(U?HO33'42%QPM31,9]#MH%9'N>C_HC7)J=AW MNW+\AY=NBO^Z..G;E06";KISZB(H/7=4@.:F%ZO>#@ M'N-4G_I-ZUY0+BYDK]5E.&O3P1F'#&:=0PZ;EL=H2&C)-==]ZBV MR]"7?>F MMP9:+K5=K;C>.F#\0IB.IN7618TKR@^7CVM9E;Z/R&,P"@G-$4M=L%(K-%C" MB-4MIQ1, 7J%/O@"EB\ "79560\[>AHF8&[HP-LPM%!%X[>V13EU#=Z^T7L_ M)078=IKU@5:%]BAL;J?J%UG11";1]4S^'0(FEZ)@M*1N[M^SBP'Y?&AUM<'3 M[CV+5QZ&OH )?ML^4'T#PS016H.BUC8H_]6#$;VT>!P5J6;W$9G4K'(V?@3) M$P)$U M8T>YNE[>I%X+QK))+L4VD4'(F[6R%+[H+>U3"5_>LC5 2,:3H98.3 M3%6@,-\1Q2N+GJ=D:8P)U-EYG"LPBQ'(VCU[;P#?OA&ZB2Y%]#&TOB;G3%CT1=3:#N79!\]HVA!$YD2/H6#ZU@E L]Y>SE MM;1*\0/PL$+?XK>U5GTP0TY$:ZF%-0K+VV!E?U0H-9J=6^ +HZ3$$_EKEQ_R M$\W8#E(_&:/-8AZ]P=UI+6QV8!I9_M;&9703+XG%(R:4T]92#42B]DE$1:F! MG:J&KR!*06YB[[%];),V MA039:V8UIOT (\#,3%4$NVAHE=YGJGRI:,T:V:#SMP@!+Z1Q49ZS2@2RJI?- ML)3*9UTYOL;76%S/#C2!2!AHJ9<@Z"9(>K&&9NF";B&F]-*Z?BC-= U60X;- M#ISU_PR!PG%;3ZP-CJJT(&K%8>- 9+F M]KE>>ECDTJJ>#ZSAA'3].+D.7 M7!% NJXCUR\4T$.KTY3E9C<.N#(AA9G!KM\IH =/.06FV3T!KDR8&JFEKM\8 M4 ,X]V\'T -%< 3-_:)==<#9GG1SOT(7+]UI)SRT$T+*,?G@6FA(#8IL5FUA M.0 NEL_"LS52K< 5!4SAOHZ7A(8%T6^8CY'YAZR5& ZWMI1=2C_]M'.&6VV_.BRBR.R-KGY[O*V-JC>+?M[ WQ:7(3%=FYH M#(RJNM3J%*FZ?\F$CX#1UH;O&S83$( EVPKJL%[N;>6L'!=KJ6B3=K%R4H-I M#U*:*TV&TR2\\PO50J]2- 6-K9X-V!&DF',82J_/<"+#J"JBNO*KN"RBI.]P MSD1&9SMEYP7\M3+X@ MW<$L:::5,G%2T\UI:IY@5ZASY!'5BN=-H;783E@X+ MHJXV?1E2^T!0$W$OZVV<1(J=Z\%Z;8"XLM'U>J/:Z%1M M*]<#\]JPR,WF9L'U_L.D97158CE\7%T]SV(6Z&K]%JDZ.0LK0" ,",$H<0%3 MC?+;-=(8' -)3\>NE[]P7)?7U$Z&J96^X(K@TO:*UTMH<&\*M1=BJ9<#X1ZB MK7EEFM4IR3:&V\@)3,7!U&9U2HX-)!W?]BD73S!(R>';"4/2TI"T9)"T9/UV MO./,ZSB&Z/@0Q1VBN*<6Q3WRF-SF*KB-PT"'\IT>1^'G500'3CP&)PH.N!ER M&[S>G3D?=X6)Z\')P<8\M(TY '2B)N:UAQ=W8?P#WTS<@IG)R%+!!4(O^>\U^1$F(FM?V6VXT;,=GER]A;$T<6BNH^S. MM[V&ENBM+-;[:.3[<4H7L[>6.&74_?K%#=E= 1%3=1@J=>T-3R@EZA_T7F#( M-G\3GG:[]H.GFQ10%2BDP>XG#QDQQ>O;#ZZV>MHFXUE]$:?N #WACX9_"F44 M8R#<634[V[RY4R6PJZTLW9;(,P?N8.01TZ%L#@B8,!B@W_PI5E*-@7K$;W9A M08/OR1N@W_S5^YZR@7K$+\=<-^.3-T"_^:OW/?OFUR"Z+//.W,5H E8I\A=D MYQK/2EE7PBB]LF./^*$)H&!)-5RC8Y9U1[/)^7AV ^F4BP*\F^&IX%+6TR9' MS_$F%K.](2 WAVF97(4E;3B(I6H,/@ !*ZQ)LQO)!DXFV4,SS3W'V:'SB0U&&*IM\*IMK+820#5+!!P8#6$YNV@; M@]%/*MKO8H6'=+4*&45>F%-T'\UBM,QB? IV-'L/=Y6V$0GM,L;6X'Y*1W.$ M#H6V>>UY5P_$' IQ_;M6C))S!JAYHD054'2]#H&Y>WNG?+M&:*9>T8)CFJ]M MH\@-G+A>U*!M$/EQC'J']$]Y,N[%CIO=1'!Z$Y$7VG7]4H+Z09]J?KO:55OO M]O!C6M"=8JEV$]>[3_L$ :[OTW3URNUV 39SVM6[Y/0$IZU.$*7>':BG!Z9) M+D>S*U/[?P5/_3P!WO34C8C5JY#AP$PUQ=4D!E6 ZF;9P78@-4G\*1!U\_J_ M^DDEG93\>@7H)3[266B(63>^4]>O1&L'>Q//@>NWJ+6#J$GR7:,*8D<@4W4" M^O6PX\Q*1Z^M;PE#J6;0[++[D\%0:EH5&+JI<9IB:':\LT#/3>VR'?3V#OT6 ML)U$ >7U91 M%&(Y"K% M, (8EVA]4!0KE':QD;J:$W0=+U^(#I,DA+]Y*]=VNG-W5^\ M-[A,E]Q2?_O/#T85C.1459Y;NGR5EO/.W,.0IKE+=ME9(Q9&SBKS!9?(W1]U*JP_@'F9=X 5;>D@+5.SUYQ1*F2%CW7Z7DHO6;B17,>^M5G!Z5&J&.5G[8B1R; FWO1-A;7J?D1=A8DY0I>MJ77XB$0$& U@Y_N@O M0)!2F$G"WI4 K_&JKOK-R48.&IV5!.U-^1DL=MW M">WHPUJ1&U=/HW+]4!2@/9>0JQ-(X/O*,=@)/KJ:Y:U"H1H8;I9'W%\4U%Z^ M0N,4QYY.58?1JP$L\ZN85^R!OC#J^<*0-!6\W$*/+1Z,RH,Y )@]&N M'D'4"M9M-TLQCH=3W"PG3F^SHZ^\D):MF2X /2^\S90N+O4D J[49+1DE<&L MW.BXJ4KV&"?,K_$0$UE05!VD9\Y21">(ZKI&XW%L) +LU&#;D*1@::=Q?^C6 M_"2"3CW@@Y46-/H(E1ZMI #LO. )@94'@QL$6?FN&\#./F ^D34&Z(+F2;SV M0A9(R&HULEB6/L72[CV8)<2.#Z[VNMA&]>D>2]F:X'?U1+VM,3H M[7(5QFL KHC2-Q-*?\U.%ODHG?C48H'3WB+UI4*O6M1SVO>*>O7B5?1K:^7N MO"9WTUW'6*7HZ/2T@GD8QC^H.747HYLX?4EF:;@O9Q2SR&@,&UQNY>1_Q3!* M\M2EJTS1+$A4K!;34:QP2A514S&@Z&2-CQ*F&EJ5M(O5RR3J>@HJ5=6TE!O7 M8Z.M0BGR";B:C-(VB*K-VE7GMYEO23+SJO:YJ[DOYG"9NVI<#22T@YW*->=Z MOE'CA5IUM]:K\'Q"<'&0JG,BH/]EX$P\3F6\C.T1UX^+F0)I[EIN=&;L=! 4 M."-=/TA6>R%+S537SY#514T5-&EVD,S=;I=!^\< $9 U&MOUZ69-!R_6L)6!<]SMW":'QWE;/17U,_IHNX:[>-%'+3]U_ MUXT1@#JZI.LNZEHSKCUCHYXGV_DEK;$?-RN'YMA*UM/%#ELE"AWA*!*\7C*._>0BR9$FR\B^UN)!TM\]; M?L%C=LI?BY^=+O9YN '81Y!MG^-9&6"&O!9/BB'L\TB$#S#X1J7F?: =HLWM MJUJDYZWM4YZG#=*9<),B6F>376&JQ8BP<[_X(@8^H)0$ =2W(_#Z^9#92I3C">9>:_ ,1*$]LTYBZ*38[558Q0 M_(,HGM?>BCQ)UAH\*(?H"X^W;RN(LJ"!Q!37Z=D7CNXCF,!:'.WV[ M'FZ+K M3>:A<(B^\#@!5#P2RIIP*1G$"I]Q%,014S]>O.C[F)AWA%RJACS<7XTGTIU2 MKZ\EKN;))JAAKI_I]K9] _ 5 9W2*,ZWV6_:SGV%/^+G19QB+PJF1#TBF #) M%B]I;0/!LL]/HM/N-;--JU3!XS2T&8\51XC* 5A^7,;U^Q5DT:A2H@E'>R[2 MZ-T\=:N%C$SV% "YF7\C#PJ6EQ;7E>+ZRA+''L70E/V7IX7/GL^\#)*9BN]Z M8FM#X/:L/=?+)S3$:\_>=[U@0D.\Q#X@UQ-2:P+G_NVZ)L#HVLJNWZG;K:AJ Q/>(N5XNL_8L4B8$N5XYLS9R>^DB MKM?)K(U4-:G)]8*8M6&291N[7A:S%?E53=1L5A_38ERAC>QG8$9^&:E8]R"!_%*97IZ[Z\'Z6FG_7#QY)Q\*5<%-GXPHR4^D)YS*K!(G%.Z$!'62@HM)Y*:G M6 Z6M(9( 4W7OBB[U6-8B:&\A,SX)81S]D)Z$=IUO%S"A(FM%NK*M%0)I$03 MI3!*8#0'D0\!UBZV83:&E>QWLF/0&3FAWS^\?5N!" MSW;EM6\D29T-GGJ&2 M!Y*7(2YH:347MNN)\K51DTQ=0^7,'<,XG2:+I<>6H]G=VE".GV! M$KU)R&XB6@&:41?-62L\R-[.RC%7@:Y\H?SCW CK MH^CV[C%G]]%=G*+_ 1X2EM0V'ZC7_#Z3MX)6&"Z-U&^.?\3M\)N/TU=NLYP^ MLO<064ODBQ=2/%AP0TY)8=_T PN%0+2D' MKA]..!2HA[SB\1C,HPGPXXB&.+TLXRF_D6I-C**G,)W/:49/%(Q>/.KE9'D^ M] HY*QKGO3+]_K[@K MW=!V'_GT[)BHRJ71$'WE<0J2)&S$8CZ"E=K5]KPFQ[AE2D12(VMCQ7RYT\1# MB>-*AYG8&,R-%N#<2JAZ9L8Q77#2'9[[>_9@7]3%DNACS6R*3%S>1MJST:Y= M,4UB__MXE=L2S,R@][:2>91]T+[$KT<_/!0\D[=("E=5VUBIBEL8;+,RC!/ M;H%BUM9T0>;W"S%K@]R25=UQT6S0%G# *"EA0/[:Y9_\]&U3)(5;#6W_^<&H MRIP&8JHJSUN)_C^2M436;4K:K\OK2UPG3M&C':I2.M9X]E>POGT#?DH/OXYG M,^@#]!Q_7<1+0L240\2OR(N2/2.BE2$/-0065#0(A2R$3,U;IHLQ$[F0B6U"]O;WPKZ*AH%I'\H+BF MH86!CPJ/C8 C8@/Y$-/OF0F3MN$1ON?(T=JI([)Y IX0$;[=8RA]^S$B.TX3 ML@%' 3$C.IV'^^_I)5I"R5MHV%% +X]4WH'2R:MLFIY<.Z1L6G8#KNO9^>T8 M3I7OT)XBXRKX7-V88KBGICJ/0%4?SS'8,1Y=+0.G0J%JV+M>T:UU"ZCB>*QN M']M3D:XMK$[!W)%;SI]Q[W1&MF'2NG^XMSW#OQ7LQ6:+ZYFE_?P0'#^&Z_'A MWG\(N8O$];S6=C]/.Q$$U\/27?I5BJ^@B"X=KKZWW -\1+.9:;7>"0C ,OMN L>9;N]68H,41((X7L 5F8#/ M*,6).%@I;FS#EUF>!E)/)*>A;7I+TU85'U)VZQ$OJGP&9;<^\7*U+C^1))\8 M#& WKJM'J%X,UV0LFSNS6$IL]U6)#'1=E=>5265%77MW<]T@U16"_-B$T6)T MU0M?7P:70>6M<=<1:R351>"IH#\AIW4WJ%KRG-JUU^Y@Y$4^I&997AX2%T"S MA&S,:HEM#P=LRO\%HZ)B]#B: 'H @]XUQ"JX6SJ7% ?T\K$X8A)>>E.TJ+65 M[&2 X*M'W38,[BVJCR!1I2!K]+3+40XO=:)([4!I%[L\%--\M@-X5H;_,4[& MLQG]06O#8;N(2;;<\W=X*(_O%UL"DDZ@?B[Q#:5=K'+ M0W%$O8XTDO>VP=F6$-F.5MK&2(/'.$*574WE#&KW'<>*DLQ#T=[X5M'1JB0M M8EW>V3)?I=+.=PC\/061+W.NZ?2TRE&AYZJ\G](N5GG@5YZIA]E=M? M1":[^Y=AJVT%_O3C >NZ-]70*C%8MP8&:[U@TS%5PNC$1.)_#(GL=3T![( H M*U:+ZVE?K1NS32Z@_>,>0AAS&<01",-H#:R'T9HING'-T4G!XQ)8>]_[;YV;VJ)CYQJ.7$S<1WZ8$LWB/KKU4$1Z*]?D88EQ#?>GE$PJ M>GO,U N)IH5QFM<;9_// O@JBH[M"WR%R6*?YPZ %;QHP,OH1>6[9H[4 RH- M2'7Q:4[CZHS./HUUA=SYLYN]7E6-M^@A2-\[F5B](:-&1-_XAHSC_31#5+\? M* ]A4?G7L+]-'W;?D9GD)Q/=&4+?0_BV[]!V'(%TNT(:+P)Y.YL!/RFG)I<> MCJ/K.,)Q" .:1'SEA:0[F"X L'-%<)F !_H:.@'%H0QA]/U.S4%6W318P28^)V>]F=.X56 MJTJ+DO>Q&@K#)=IX>LS5FK\#7ZTW4_L&8#B/6%NMO*?V7V@#OWU:)/)/T+@? M=$NU+V'S=JXU]9*4;,N_>MA$L]7HU3)U#_#O*0QT**JT[(0*+6"J36W,L\>8 MF,'9I %\Y&0M;5#,KL_.W#M2>O?;6:/V.D74&Z-+-*^Y34^1RD=0=@K);'+7 M/6IJ?T09*?',*'#Z:<")M]ZW %V>\D325MD+N-RL5-(,KEWKJT#+S606W;HN MVIK?4 B'"]B.&NAZCI012FI'N>M)28TFU3Y(;A;]&"HK-47+T%G*#>]VX'DZ MG4\A\3UV69+.S;2:MF&M53',Y$3U,54,:QM<%C K8/MSC1D9)U[8;]"Z=\^7 M$1#KEJ@X\J[GRW=W$:[U0H%S.GHH-H0H[EE'B MAHZ&O$^MO$]ZA7.6<3N>C5=$Q:34&B: #DF(QY2$F!^'&$=F.66B?GU)QQI2 MR@Z74M8A ODTVZH4[%H]*I06<'6UOH^(, 1;J<533*K?5Y9B=$ ">H?OGD5M M@LV#U52T(97J\+0+IKT$>%F/'G$@_03R/B>8TC8DD^DB-]DY_UI6FTH2E6A0 M8DB-QVB%\OVSNW5HKS%*/YS.0S*"W3#[D)6@D[OA>C+"$&<_>)S]D.;827Z: M3DW;(3QG'?83#]?9!5]JH#H?P>O?Q.R@TZ>4V^)X"F"X+Z=;Q< MI=E+QS-:#LTGENT-#%,BR_*V%,&\O8V:5;LT*^*SPN8V7.2[Q#"(-0G/VO:! MZLV$T*0[;VTE) &23%3023MZ]6!(M>GGF+E$HVD2^]\7<4C6.I9]"=-1^LVI M_.N9CV.#VZ\ SA?DY:-7@+PY>$RIV-X0Q"8='J<)3KPHH"ZYX/]2G% 1+^"Y M[FB]X7P\$U%KPK%DE!YQND><;.6:C6%3HU'M:A43PU2JN1X6ZP:\K:!T/4QF M I_AJG0]=M88.IU-RW7O00OS3[S_-?/?]?\,F@EX O.CD;> ?(>7V*49)K1V M&CD%#&$Z;K? $_L@"Y! GW!D07<<10D,*'WP%4QI>7<6D;]]R^XBN"-SH\+2 MWO1@!X(%.F4[8_?!CF_L.>GY2FYI%AQ.>[:QZA_C!.#G>'NBJ70V"2A25KM4N.A?"Y)D0>$5F]7<;@J 1#XKUT<[85LH2MOUE.P"( M]QJ;@J?5F52I<-?ZQQ@$5CM(/I$!?+)CV!!A/J1__<48LB2N9@!A%?QYL_2 M!556]9VK%,,(8'I$X@5FJ2JJ%2+M8D,O4UW- MTW2URJZ_]<)RO96^K.$CV@X/B(K15^,S;S2$DUN^&8B#@%"CQ-*SK5@()R$F M,$I*B)"_=M$@/WV;^@L0I"$8SZYI\FV$JSN+J%-*G6.OJ?C:V>R.T#1GKFVM1^\N5MW(S@(9% MJT;)WE9^(DNW]H)U<9D.BQ/G=Z_<@)?$ZM9)"3 H^,9M;&.E\0'DD\UO:_?8 MI@SU\B(2\'FJZX;=B44Q(3PLQR\AG'NYUX]FL<*D3Q'XPZ\M086E^JA5:6TX M6+]77%.DAB5I")D]I?-8-[U-P>1H_@ \#/!X]@ P!L @+45_ "N.[L(=L_"B M.;B/V/TO$Y! Q"9;,;VDGJWFX_5;5-69#ZX?A-%'K<$L.]QQF'[)>)KA3"N> MD:D&(G]=B@;8$-^E;85M,CE=)K6KS<:P8^$(,1>9.<(.-A=FK:]5-8'$0)RJ MTE6 0$,7RQ6(,*. 55P"!&6O#7K9=<:TB7YI4RR2CEK-JB5*ND- M/UU#( 2C6MVZ6YD9E>)633$^5;FR >C)0\GZ&7D$-G\GCE\ M$>[EQT->G/9*L^?(=&J]/8)DY^+G[37%7X!'"0W&1(/S4X0V53;P;U'\@@%Z MI1_@/EJE"7D'>;]>E*BT5>Q]MYWHI@>X)H%F,EC0?3M_5VM9[ M>HB6@/K-68/M1&J(E?%;["*U)8@M&>KCR9<-!%BT< S=]VV\XYAVX9;1==WW M7UO)Z7[+<;V 5OV9W9*$=;W,5LL U]GP#U>$JU]*_VY5%*NFM4NU?U4;O[C] ML=3?D7!\JB:T$!)[YO,QKZE"SG-+VQ55R@Q5;;/1CF4]UD;+\FK]^8*R0N-> MY(__!U!+ 0(4 Q0 ( "6O<$T:)Y.F,9D -$*"0 1 " M 0 !P;G)G+3(P,3@P.3,P+GAM;%!+ 0(4 Q0 ( "6O<$UZJ4(39 T M .B" 1 " 6"9 !P;G)G+3(P,3@P.3,P+GAS9%!+ 0(4 M Q0 ( "6O<$U>Y9K(!!( .WZ 5 " ?.F !P;G)G M+3(P,3@P.3,P7V-A;"YX;6Q02P$"% ,4 " EKW!-+ZMU 18; "2L@$ M%0 @ $JN0 <&YR9RTR,#$X,#DS,%]D968N>&UL4$L! A0# M% @ ):]P35O