Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments And Contingencies

Commitments and Contingencies

11. Commitments and Contingencies

Lease commitments. The Company entered into a lease for property access rights and compressor space in Wyoming related to the Company’s natural gas gathering system. The expense in 2015 and 2014 was approximately $1,400 and $9,000, which is included in gas gathering operating costs. The Company used office space and conference room space provided by a director for an annual charge of $3,000 for the year ended December 31, 2014. The Company does not have any operating leases in place at December 31, 2015.

Legal Proceedings. The Company is subject to the risk of litigation, claims and assessments that may arise in the ordinary course of its business activities, including contractual matters and regulatory proceedings. As of December 31, 2015, the Company was not subject to any pending litigation and management is not currently aware of any asserted or unasserted claims and assessments that may impact the Company’s future results of operations.