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Significant Concentrations

12 Months Ended

Dec. 31, 2017

Risks and Uncertainties [Abstract]

Significant Concentrations

14. SIGNIFICANT CONCENTRATIONS

The Company has exposure to credit risk in the event of nonpayment by the joint interest operators of the Company’s oil and gas properties. During the years ended December 31, 2017, 2016 and 2015, three joint interest operators accounted for the following percentages of the Company’s oil and gas sales:

Operator		2017				2016				2015
A			13	%			16	%			20	%
B			25	%			32	%			35	%
C			34	%			29	%			25	%

Substantially all of the Company’s cash and equivalents are in accounts with a single financial institution and the balances typically exceed federally insured limits. The Company has not experienced any losses in such accounts.

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- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-URI http://asc.fasb.org/topic&trid=2134479

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- References

No definition available.

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