Accounts Receivable and Major Customers

9 Months Ended

Sep. 30, 2014

Receivables [Abstract]

Accounts Receivable and Major Customers

Accounts Receivable and Major Customers

The following table summarizes our accounts receivable by type as of the dates presented:

	As of
	September 30,			December 31,
	2014			2013
Customers	$	97,139		$	93,288
Joint interest partners	84,112			76,199
Other 1	7,608			25,538
	188,859			195,025
Less: Allowance for doubtful accounts	(176		)	(622		)
	$	188,683		$	194,403

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¹ The balance as of December 31, 2013 was comprised substantially of amounts due from MHR and other parties for purchase price adjustments attributable to the EF Acquisition, which were received in August 2014.

For the nine months ended September 30, 2014, four customers accounted for $267.0 million, or approximately 65%, of our consolidated product revenues. The revenues generated from these customers during the nine months ended September 30, 2014 were $86.2 million, $72.5 million, $55.8 million and $52.6 million or 21%, 18%, 13% and 13% of the consolidated total, respectively. As of September 30, 2014, $65.2 million, or approximately 67% of our consolidated accounts receivable from customers was related to these customers. For the nine months ended September 30, 2013, three customers accounted for $124.1 million, or approximately 40% of our consolidated product revenues. The revenues generated from these customers during the nine months ended September 30, 2013 were $51.9 million, $37.7 million and $34.5 million or approximately 17%, 12% and 11% of the consolidated total, respectively. As of December 31, 2013, $34.8 million, or approximately 37% of our consolidated accounts receivable from customers, was related to these customers. No significant uncertainties exist related to the collectability of amounts owed to us by any of these customers.