Related Party Transactions

12 Months Ended

Dec. 31, 2019

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Certain officers of the Company own or control entities that own working and royalty interests in wells operated by the Company. The Company paid revenues to these affiliates, including royalties, of $0.4 million, $0.5 million, and $0.5 million and received payments from these affiliates of $0.3 million, $0.2 million, and $0.3 million during the years ended December 31, 2019, 2018, and 2017, respectively, relating to the operations of the respective properties. At December 31, 2019 and 2018, approximately $127,000 and $67,000, respectively, was due from these affiliates relating to these transactions, which is included in “Receivables—Joint interest and other, net” on the consolidated balance sheets. At December 31, 2019 and 2018, approximately $35,000 and $41,000, respectively, was due to these affiliates relating to these transactions, which is included in “Revenues and royalties payable” on the consolidated balance sheets.

The Company allows certain affiliates to use its corporate aircraft and crews and has used the aircraft of those same affiliates from time to time in order to facilitate efficient transportation of Company personnel. The rates charged between the parties vary by type of aircraft used. For usage during 2019, 2018, and 2017, the Company charged affiliates approximately $17,600, $12,900, and $19,400, respectively, for use of its corporate aircraft crews, fuel, and reimbursement of expenses and received approximately $18,900, $14,400, and $18,600 from affiliates in 2019, 2018, and 2017, respectively, in connection with such items. The Company was charged approximately $303,000, $598,000, and $460,000, respectively, by affiliates for use of their aircraft and reimbursement of expenses during 2019, 2018, and 2017 and paid $426,000, $529,000, and $368,000 to the affiliates in 2019, 2018, and 2017, respectively. At December 31, 2019 and 2018, approximately $1,400 and $2,700, respectively, was due from an affiliate relating to these transactions, which is included in “Receivables—Joint interest and other, net” on the consolidated balance sheets. At December 31, 2019 and 2018, approximately $38,000 and $161,000, respectively, was due to an affiliate relating to these transactions, which is included in “Accounts payable trade” on the consolidated balance sheets.