Oil and Gas Producing Activities	3 Months Ended
Mar. 31, 2018
Oil and Gas Property [Abstract]
Oil and Gas Producing Activities	6. OIL AND GAS PRODUCING ACTIVITIES Ceiling Test and Impairment The reserves used in the Company’s full cost ceiling test incorporate assumptions regarding pricing and discount rates in the determination of present value. In the calculation of the ceiling test as of March 31, 2018, the Company used a price of $50.27 per barrel for oil and $3.93 per MMbtu for natural gas (in each case adjusted for transportation, quality, and basis differentials applicable to our properties on a weighted average basis) to compute the future cash flows of the Company’s producing properties. These prices compare to $47.01 per barrel for oil and $2.98 per MMbtu for natural gas used in the calculation of the ceiling test as of December 31, 2017. The discount factor used was 10%. For the three months ended March 31, 2018 and 2017, the Company recorded no impairment charges.

Oil and Gas Producing Activities

3 Months Ended

Mar. 31, 2018

6. OIL AND GAS PRODUCING ACTIVITIES

Ceiling Test and Impairment

The reserves used in the Company’s full cost ceiling test incorporate assumptions regarding pricing and discount rates in the determination of present value. In the calculation of the ceiling test as of March 31, 2018, the Company used a price of $50.27 per barrel for oil and $3.93 per MMbtu for natural gas (in each case adjusted for transportation, quality, and basis differentials applicable to our properties on a weighted average basis) to compute the future cash flows of the Company’s producing properties. These prices compare to $47.01 per barrel for oil and $2.98 per MMbtu for natural gas used in the calculation of the ceiling test as of December 31, 2017. The discount factor used was 10%.

For the three months ended March 31, 2018 and 2017, the Company recorded no impairment charges.