Impact of ASC 606 Adoption (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Standards Update 2014-09

Schedule of Impact of Adoption on Consolidated Income Statement

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our consolidated income statement for the quarter ended March 31, 2018 is as follows:

	For the Quarter Ended March 31, 2018
	Under ASC 606		Under ASC 605		Increase/ (Decrease)
	(Amounts in 000's)
Revenues:
Natural gas sales	$	181,462	$	181,516	$	(54	)
Oil sales		41,284		41,284		—
Other revenues		2,628		2,628		—
Total operating revenues		225,374		225,428		(54	)
Costs and expenses:
Production taxes		23,270		23,275		(5	)
Gathering fees		23,055		23,061		(6	)
Net income	$	47,493	$	47,536	$	(43	)