Capitalization of Interest

3 Months Ended

Mar. 31, 2015

Banking And Thrift [Abstract]

Capitalization of Interest

7. CAPITALIZATION OF INTEREST

The Company capitalizes interest costs and commitment fees on expenditures made in connection with exploration and development projects that are not subject to current depletion. Interest and commitment fees are capitalized only for the period that activities are in progress to bring these projects to their intended use. For the three months March 31, 2015, the Company incurred interest expense of $0.5 million, $0.2 million of which was capitalized.