XML 51 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
Oil and Natural Gas Property Transactions (Tables)
9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
VPP Transactions
As of September 30, 2017, we had the following VPP outstanding: 
 
 
 
 
 
 
 
 
Volume Sold
VPP #
 
Date of VPP        
 
Location
 
Proceeds
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
 
 
 
 
($ in millions)
 
(mmbbl)
 
 (bcf)
 
(mmbbl)
 
(bcfe)
9
 
May 2011
 
Mid-Continent
 
$
853

 
1.7

 
138

 
4.8

 
177

VPP Volumes Produced During Period
The volumes produced on behalf of our VPP buyers during the Current Quarter, the Prior Quarter, the Current Period and the Prior Period were as follows:

 
Three Months Ended September 30, 2017
 
Three Months Ended September 30, 2016
VPP #
 
Oil
 
Natural Gas
 
NGL
 
Total
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
(mbbl)
 
 (bcf)
 
 (mbbl)
 
 (bcfe)
 
(mbbl)
 
 (bcf)
 
 (mbbl)
 
 (bcfe)
   9
 
34.4

 
2.9

 
79.9

 
3.6

 
37.6

 
3.2

 
85.9

 
4.0

   1(a)
 

 

 

 

 

 
3.1

 

 
3.1

 
 
34.4

 
2.9

 
79.9

 
3.6

 
37.6

 
6.3

 
85.9

 
7.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
 
Nine Months Ended September 30, 2016
VPP #
 
Oil
 
Natural Gas
 
NGL
 
Total
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
(mbbl)
 
 (bcf)
 
 (mbbl)
 
 (bcfe)
 
(mbbl)
 
 (bcf)
 
 (mbbl)
 
 (bcfe)
10(a)
 

 

 

 

 
108.0

 
3.0

 
368.7

 
5.8

   9
 
105.5

 
9.0

 
243.9

 
11.0

 
115.5

 
9.9

 
262.8

 
12.2

   4(a)
 

 

 

 

 
20.0

 
3.8

 

 
3.9

   3(a)
 

 

 

 

 

 
2.5

 

 
2.5

   2(a)
 

 

 

 

 

 
1.5

 

 
1.5

   1(a)
 

 

 

 

 

 
9.5

 

 
9.5

 
 
105.5

 
9.0

 
243.9

 
11.0

 
243.5

 
30.2

 
631.5

 
35.4

____________________________________________
(a)
In connection with certain asset divestitures in 2016, we purchased the remaining oil and natural gas interests previously sold in connection with VPP #10, VPP #4, VPP #3, VPP #2 and VPP #1. A majority of the oil and natural gas interests purchased were subsequently sold to the buyers of the assets.
VPP Volumes Remaining to Be Delivered
The volumes remaining to be delivered on behalf of our VPP buyers as of September 30, 2017 were as follows:
 
 
 
 
Volume Remaining as of September 30, 2017
VPP #
 
Term Remaining
 
Oil
 
Natural Gas
 
NGL
 
Total
 
 
(in months)
 
 (mmbbl)
 
 (bcf)
 
 (mmbbl)
 
 (bcfe)
9
 
41
 
0.4

 
36.8

 
1.0

 
45.1