Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.6.0.2
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]  
Schedule of Revenue by Major Customers



 

 

 

 

 

 



For the Year Ended December 31,



2016

 

2015

 

2014

Enterprise Crude Oil, LLC

 

43% 

 

42% 

 

51% 

Shell Trading Company

 

18% 

 

4% 

 

Plains Marketing, L.P.

 

16% 

 

19% 

 

22% 

Permian Transport and Trading

 

 

15% 

 

7% 

Sunoco

 

 

9% 

 

10% 

Other

 

23% 

 

11% 

 

10% 

   Total

 

100% 

 

100% 

 

100% 



Non-Cash Investing and Supplemental Cash Flow Information



 

For the Years Ended December 31,



 

2016

 

2015

 

2014

Non-cash investing information:

 

 

 

 

 

 

 

 

 

   Change in accrued capital expenditures

 

$

(613)

 

$

(16,813)

 

$

12,850 

Supplemental cash flow information (a):

 

 

 

 

 

 

 

 

 

   Cash paid for interest, net of capitalized interest

 

$

8,679 

 

$

17,978 

 

$

2,988 



(a)

During the three year period ended 2016, the Company paid no federal income taxes.