Commitments and Contingencies

12 Months Ended

Dec. 31, 2016

Commitments And Contingencies Disclosure [Abstract]

(5) Commitments and Contingencies

Commitments

The Company rents office space and other facilities under noncancelable operating leases. Rent expense for each of the years ended December 31, 2014, 2015 and 2016 was $1.5 million. Minimum future payments under the leases at December 31, 2016 are as follows:

	(In thousands)
2017	$	1,521
2018		1,560
2019		1,560
2020		1,560
2021		1,560
	$	7,761

As of December 31, 2016, the Company had commitments for contracted drilling rigs of $2.8 million through April 2017 and it has entered into natural gas transportation and treating agreements through July 2019. Maximum commitments under these transportation agreements as of December 31, 2016 totaled $4.2 million.

Contingencies

From time to time, the Company is involved in certain litigation that arises in the normal course of its operations. The Company records a loss contingency for these matters when it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. The Company does not believe the resolution of these matters will have a material effect on the Company's financial position, results of operations or cash flows and no material amounts are accrued relative to these matters at December 31, 2015 or 2016.