Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

The “Property and Equipment” balances on the accompanying condensed consolidated balance sheets are summarized for presentation purposes. The following is a detailed breakout of our “Property and Equipment” balances (in thousands):



	June 30, 2019			December 31, 2018
Property and Equipment
Proved oil and gas properties	$	1,090,496		$	925,865
Unproved oil and gas properties	49,866			56,715
Furniture, fixtures and other equipment	3,855			3,520
Less – Accumulated depreciation, depletion, amortization & impairment	(330,638		)	(284,804		)
Property and Equipment, Net	$	813,579		$	701,296

Disaggregation of Revenue [Table Text Block]

The following table provides information regarding our oil and gas sales, by product, reported on the Statements of Operations for the three months ended June 30, 2019 and 2018 and the six months ended June 30, 2019 and 2018 (in thousands):



	Three Months Ended June 30, 2019		Three Months Ended June 30, 2018		Six Months Ended June 30, 2019		Six Months Ended June 30, 2018
Oil, natural gas and NGLs sales:
Oil	$	24,940	$	9,638	$	39,547	$	21,078
Natural gas	43,587		36,369		94,874		72,136
NGLs	6,166		5,339		12,319		10,900
Other	10		—		28		(14		)
Total	$	74,703	$	51,347	$	146,768	$	104,099

Accounts Payable and Accrued Liabilities

The “Accounts payable and accrued liabilities” balances on the accompanying condensed consolidated balance sheets are summarized below (in thousands):



	June 30, 2019		December 31, 2018
Trade accounts payable	$	18,560	$	32,683
Accrued operating expenses	3,410		3,549
Accrued compensation costs	3,175		4,785
Asset retirement obligations – current portion	270		302
Accrued non-income based taxes	4,279		3,583
Accrued corporate and legal fees	239		534
Other payables	3,387		3,485
Total accounts payable and accrued liabilities	$	33,320	$	48,921