Dispositions |
6 Months Ended |
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Jun. 30, 2019 | |
Business Combinations [Abstract] | |
Dispositions |
(4) DISPOSITIONS We recognized a pretax net gain of $5.9 million on the sale of assets in second quarter 2019 compared to a pretax net gain of $156,000 in second quarter 2018 and a pretax gain of $5.7 million in first six months 2019 compared to a pretax gain of $179,000 in first six months 2018. Also refer to Note 21 for information on asset disposition subsequent events. 2019 Dispositions Pennsylvania. In second quarter 2019, we sold natural gas and oil property, primarily representing over 20,000 unproved acres, for proceeds of $34.0 million and recognized a pretax gain of $5.9 million. Other. In second quarter 2019, we sold miscellaneous inventory and other assets for proceeds of $34,000, resulting in a pretax gain of $2,000. In first quarter 2019, we sold miscellaneous inventory and other assets for proceeds of $332,000, resulting in a pretax loss of $189,000. 2018 Dispositions Other. In second quarter 2018, we sold miscellaneous inventory and other assets for proceeds of $326,000 resulting in a pretax gain of $156,000. In first quarter 2018, we sold miscellaneous inventory and other assets for proceeds of $40,000, resulting in a pretax loss of $23,000. |