ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE:

In our capacity as operator for our co-venturers, we incur drilling and other costs that we bill to the respective parties based on their working interests. We also receive payments for these billings and, in some cases, for billings in advance of incurring costs. Our accounts receivable are comprised of the following amounts:

	As of December 31,
	2015		2014
Other co-venturers	$	4,639	$	16,291
Trade	26,224		60,263
Unbilled accounts receivable	1,736		33,052
Other	15,432		10,753
Total accounts receivable	$	48,031	$	120,359