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Significant Concentrations
6 Months Ended
Jun. 30, 2018
Risks and Uncertainties [Abstract]  
Significant Concentrations

12. 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. Approximately 87% of the Company’s oil and gas revenue for the six months ended June 30, 2018 are associated with properties that are operated by four operators: Operator A: 47%, Operator B: 17%, Operator C: 14%, and Operator D: 10%. Approximately 81% of the Company’s oil and gas revenue for the six months ended June 30, 2017 are associated with properties that are operated by four operators: Operator A: 29%, Operator B: 11%, Operator C: 29%, and Operator D: 11%.