Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of Revenue by Major Customers
The following table identifies customers to whom it sold greater than 10% of its total oil and natural gas production during each of the years ended: 
໿
 
 
For the Year Ended December 31,
 
 
2017
 
2016
 
2015
Plains Marketing, L.P.
 
29
%
 
16
%
 
19
%
Enterprise Crude Oil, LLC
 
18
%
 
43
%
 
42
%
Rio Energy International, Inc.
 
17
%
 
%
 
%
Shell Trading Company
 
9
%
 
18
%
 
4
%
Permian Transport and Trading
 
%
 
%
 
15
%
Other
 
27
%
 
23
%
 
20
%
   Total
 
100
%
 
100
%
 
100
%
Non-Cash Investing and Supplemental Cash Flow Information
The following table sets forth the non-cash investing and supplemental cash flow information for the periods indicated:
໿
 
 
For the Year Ended December 31,
 
 
2017
 
2016
 
2015
Non-cash investing information
 
 
 
 
 
 
   Change in accrued capital expenditures
 
$
(39,532
)
 
$
(613
)
 
$
(16,813
)
Supplemental cash flow information (a)
 
 
 
 
 
 
   Cash paid for interest, net of capitalized interest
 
$

 
$
8,679

 
$
17,978

(a)
During the three year period ended 2017, the Company paid no federal income taxes.