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Divestitures, Assets Held for Sale, and Acquisitions | 3 Months Ended
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Mar. 31, 2020
Divestitures, Assets Held for Sale, and Acquisitions [Abstract] |
Divestitures, Assets Held for Sale, and Acquisitions | Note 3 - Divestitures, Assets Held for Sale, and Acquisitions Divestitures No material divestitures occurred during the first quarters of 2020 and 2019, and there were no assets classified as held for sale as of March 31, 2020, or December 31, 2019. Acquisitions No material acquisitions or acreage trades of oil and gas properties occurred during the first quarter of 2020. During the first quarter of 2019, the Company completed several non-monetary acreage trades of primarily undeveloped properties located in Howard, Martin, and Midland Counties, Texas, resulting in the exchange of approximately 2,000 net acres, with $65.8 million of carrying value attributed to the properties transferred by the Company. These trades were recorded at carryover basis with no gain or loss recognized.

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