DIVESTITURE (Tables)

9 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Net Gain Recognized in Sale

Since accounting for the sale of these oil and gas properties as a reduction of the capitalized costs of oil and gas properties would have significantly altered the relationship between capitalized costs and reserves, we recognized a gain on the sale of $213.5 million during the period from January 1, 2017 through February 28, 2017 (Predecessor), computed as follows (in millions):

Net consideration received for sale of Appalachia Properties		$	522.5
Add:	Release of funds held in suspense	4.1
	Transfer of asset retirement obligations	8.7
	Other adjustments, net	2.6
Less:	Transaction costs	(7.1		)
	Carrying value of properties sold	(317.3		)
Gain on sale		$	213.5