Subsequent Event

12 Months Ended

Dec. 31, 2017

Subsequent Events

In January and February 2018, the Company entered into the following derivative contracts:



	Oil - WTI
Contract Periods	Daily Volume (Bbl)	Swap Price (per Bbl)
Fixed Swaps
2018 (February - December)	1,300	$	61.40
2019 (January - December)	600	$	57.06
2020 (January - December)	2,200	$	54.38

On February 28, 2018, the Company closed on the acquisition of 944 mineral acres in Winkler County, Texas. The purchase price for this acquisition was $14.3 million. This acquisition does not meet the criteria for a business acquisition and accordingly will be accounted for as an asset acquisition.