Commitments and Contingencies |
9 Months Ended |
|---|---|
Sep. 30, 2016 | |
| Commitments And Contingencies Disclosure [Abstract] | |
| Commitments and Contingencies | 4. Commitments and Contingencies Our contractual obligations include long-term debt, operating lease obligations, asset retirement obligations and employment agreements with our executive officers. At September 30, 2016, outstanding borrowings under the Credit Facility were $275 million, compared to $273 million at December 31, 2015. Since December 31, 2015, there have been no other material changes to our contractual obligations. During the three and nine months ended September 30, 2016, we reached a legal settlement with a service provider of $1.1 million, which reduced our current liabilities on our consolidated balance sheets and is recorded as a reduction in additions to oil and gas properties on our consolidated statements of cash flows. We are involved in various legal and regulatory proceedings arising in the normal course of business. While we cannot predict the outcome of these proceedings with certainty, we do not believe that an adverse result in any pending legal or regulatory proceeding, individually or in the aggregate, would be material to our consolidated financial condition or cash flows. During the nine months ended September 30, 2016, we recorded a contractual settlement of $1.4 million, which is recorded in other income on our consolidated statements of operations.
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