Unfavorable Drilling Contracts

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Unfavorable Drilling Contracts

9. Unfavorable Drilling Contracts

As discussed in Note 2, the Company recorded a liability for unfavorable drilling contracts in connection with the SSE merger.  This liability is included in the caption “accrued expenses” in the current liabilities section of the condensed consolidated balance sheet. The following table describes the changes to the Company’s unfavorable drilling contracts from the merger date until June 30, 2017 (in thousands):

Liabilities at fair value (See Note 2)	$	2,532
Amortization		(1,586	)
Unfavorable drilling contracts liability at end of period	$	946