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Segment Information and Major Customers
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Information and Major Customers

9. Segment Information and Major Customers

The Company operates in one industry – oil and gas exploration, development, operation and servicing. The Company’s oil and gas activities are entirely in the United States.

The Company sells its oil and gas production to a number of purchasers. Listed below are the percent of the Company’s total oil and gas sales made to each of the customers whose purchases represented more than 10% of the Company’s oil and gas sales in the year 2016.

 

Oil Purchasers:

     

Gas Purchasers:

   

Plains All American Inc.

      40.72 %   

Targa Pipeline Mid-Continent

      34.18 % 

Infinity Hydrocarbons, LLC.

      15.18 %   

Continuum Producer Services

      11.87 % 

Although there are no long-term oil and gas purchasing agreements with these purchasers, the Company believes that they will continue to purchase its oil and gas products and, if not, could be replaced by other purchasers.