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Dehli Field Litigation Settlement | 12 Months Ended
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Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract] |
Dehli Field Litigation Settlement | Delhi Field Litigation Settlement On June 24, 2016, Evolution Petroleum Corporation, together with its subsidiaries NGS Sub Corp. and Tertiaire Resources Company (collectively, “Evolution”), entered into a settlement agreement with Denbury Resources, Inc. and Denbury Onshore, LLC, a subsidiary of Denbury Resources Inc. (together with Denbury Onshore, "Denbury"), to resolve all outstanding disputes and claims between the parties, including claims related to the litigation between Evolution and Denbury with respect to the Delhi field in northeastern Louisiana. The Delhi field litigation between the parties has been dismissed by the Court with prejudice. In connection with this settlement, the Company recognized a $28.1 million settlement gain consisting of a $27.5 million cash payment made by Denbury together with its conveyance to Evolution of a 23.9% working interest in the Mengel Sand Interval, a separate interval within the boundaries of the Delhi field which is not currently producing and for which we estimated a Level 2 fair value of $596,500. In addition, effective July 1, 2016, Denbury will be credited with an additional 0.2226% overriding royalty interest in the Delhi field to remedy a previous dispute regarding the interests conveyed in the original transaction between the parties. See Note 18 — Commitments and Contingencies.

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- Definition The entire disclosure for legal proceedings, legal contingencies, litigation, regulatory and environmental matters and other contingencies. + References No definition available. + Details
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