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<div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1. Description of Operations and Significant Accounting Policies </div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Nature of Operations: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">PrimeEnergy Resources Corporation (“PERC”), a Delaware corporation, was organized in March 1973 and is engaged in the development, acquisition and production of oil and natural gas properties. PrimeEnergy Resources Corporation and its subsidiaries are herein referred to as the “Company.” The Company owns leasehold, mineral and royalty interests in producing and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-producing</div> oil and gas properties across the United States, primarily in Oklahoma, Texas and West Virginia. The Company operates approximately 1,400 active wells and owns <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-operating</div> interests and royalties in approximately 800 additional wells. Additionally, the Company provides well-servicing support operations, site-preparation and construction services for oil and gas drilling and reworking operations, both in connection with the Company’s activities and providing contract services for third parties. The Company is publicly traded on the NASDAQ under the symbol “PNRG.” PERC owns Eastern Oil Well Service Company (“EOWSC”) and EOWS Midland Company (“EMID”) which perform oil and gas field servicing. PERC also owns Prime Operating Company (“POC”), which serves as operator for most of the producing oil and gas properties owned by the Company and affiliated entities. PrimeEnergy Management Corporation (“PEMC”), a wholly-owned subsidiary, acts as the managing general partner, providing administration, accounting and tax preparation services for 3 limited partnerships and 2 trusts (collectively, the “Partnerships”). The markets for the Company’s products are highly competitive, as oil and gas are commodity products and prices depend upon numerous factors beyond the control of the Company, such as economic, political and regulatory developments and competition from alternative energy sources.</div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Effects of Coronavirus on Business: </div></div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">On March 11, 2020, the World Health Organization declared the outbreak of the Coronavirus <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">(“COVID-19”),</div> which continues to spread throughout the U.S. and the world, a pandemic. The outbreak is having an impact on the global economy, resulting in rapidly changing market and economic conditions. Similar to many businesses in the energy sector, our business has been impacted by the recent <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> outbreak and associated restrictions that have been implemented. The Company temporarily implemented social distancing requirements and work from home accommodations where appropriate.</div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="display:inline;">The oversupply in the oil markets and related price volatility, depending on its duration may have an adverse impact on cash flows from operations and the valuation of capitalized costs related to oil and gas producing activities. The full extent to which <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> will impact the Company’s results will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of the virus and the actions to contain or treat its impact. </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consolidation and Presentation: </div></div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The consolidated financial statements include the accounts of PrimeEnergy Resources Corporation, its subsidiaries and the Partnerships, using the full consolidation method for those partnerships which are controlled by the Company. The Company’s reserve estimates are based on the ownership percentage of Partnership reserve reports. DD&A expense and evaluation of impairment may differ from the Partnership as the Company’s cost basis for the Partnership interests acquired may be different than the cost basis at the Partnership level for properties acquired by the Partnership. All significant intercompany balances and transactions are eliminated in preparing the consolidated financial statements. </div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassifications: </div></div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Certain reclassifications have been made to prior year statements to conform with the current year presentation. These reclassifications have no impact on net income and no material impact on any other financial statement captions. </div></div></div><div style="font-size: 1px; margin-top: 18px; margin-bottom: 0px;"><div style="display:inline;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4%;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Subsequent Events: </div></div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Subsequent events have been evaluated through the date that the consolidated financial statements were issued. During this period, there were no material subsequent items requiring disclosure other than as stated in footnotes 2 and 4 to these financial statements. </div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Use of Estimates: </div></div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Estimates of oil and gas reserves, as determined by independent petroleum engineers, are continually subject to revision based on price, production history and other factors. Depletion expense, which is computed based on the units of production method, could be significantly impacted by changes in such estimates. Additionally, U.S. generally accepted accounting principles require that if the expected future undiscounted cash flows from an asset are less than its carrying cost, that asset must be written down to its fair market value. As the fair market value of an oil and gas property will usually be significantly less than the total undiscounted future net revenues expected from that asset, slight changes in the estimates used to determine future net revenues from an asset could lead to the necessity of recording a significant impairment of that asset.</div></div></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 10pt; letter-spacing: 0px;;font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Property and Equipment:</div></div></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company follows the “successful efforts” method of accounting for its oil and gas properties. Under the successful efforts method, costs of acquiring undeveloped oil and gas leasehold acreage, including lease bonuses, brokers’ fees and other related costs are capitalized. Provisions for impairment of undeveloped oil and gas leases are based on periodic evaluations. Annual lease rentals and exploration expenses, including geological and geophysical expenses and exploratory dry hole costs, are charged against income as incurred. Costs of drilling and equipping productive wells, including development dry holes and related production facilities, are capitalized. All other property and equipment are carried at cost. Depreciation and depletion of oil and gas production equipment and properties are determined under the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap;;display:inline;">unit-of-production</div></div> method based on estimated proved developed recoverable oil and gas reserves. Depreciation of all other equipment is determined under the straight-line method using various rates based on useful lives generally ranging from 5 to 10 years. The cost of assets and related accumulated depreciation is removed from the accounts when such assets are disposed of, and any related gains or losses are reflected in current earnings.</div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Capitalization of Interest: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest costs related to financing major oil and gas projects in progress are capitalized until the projects are evaluated or until the projects are substantially complete and ready for their intended use if the projects are evaluated and successful. </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment of Long-Lived Assets: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company reviews long-lived assets, including oil and gas properties, for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recovered. If the carrying amounts are not expected to be recovered by undiscounted cash flows, the assets are impaired, and an impairment loss is recorded. The amount of impairment is based on the estimated fair value of the assets determined by discounting anticipated future net cash flows. </div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fair Value: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company follows the authoritative guidance that establishes a formal framework for measuring fair values of assets and liabilities in financial statements that are already required by U.S. generally accepted accounting principles to be measured at fair value. The guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The transaction is based on a hypothetical transaction in the principal or most advantageous market considered from the perspective of the market participant that holds the asset or owes the liability. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company utilizes market data or assumptions that market participants who are independent, knowledgeable and willing and able to transact would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated or generally unobservable. The Company attempts to utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. The Company is able to classify fair value balances based on the observability of those inputs. The guidance establishes a formal fair value hierarchy based on the inputs used to measure fair value. The hierarchy gives the highest priority to Level 1 inputs, which consist of unadjusted quoted prices for identical instruments in active markets. Level 2 inputs consist of quoted prices for similar instruments. Level 3 valuations are derived from inputs that are significant and unobservable; hence, these valuations have the lowest priority. </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Asset Retirement Obligation: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The asset retirement obligation primarily represents the estimated present value of the amount the Company will incur to plug, abandon and remediate producing properties at the end of their productive lives, in accordance with applicable state laws. The Company determined its asset retirement obligation by calculating the present value of estimated cash flows related to the liability. The asset retirement obligation is recorded as a liability at its estimated present value at its inception, with an offsetting increase to producing properties. Periodic accretion of discount of the estimated liability is recorded as an expense in the statement of operations. </div></div> <div style="font-size: 1px; margin-top: 18px; margin-bottom: 0px;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Income Taxes: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recorded for the estimated future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the tax rate in effect for the year in which those temporary differences are expected to turn around. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in the year of the enacted rate change. A valuation allowance is established to reduce deferred tax assets if it is more likely than not that the related tax benefits will not be realized. As of December 31,<div style="letter-spacing: 0px; top: 0px;;display:inline;"> 201<div style="letter-spacing: 0px; top: 0px;;display:inline;">9, and</div></div> 2018, we had no valuation allowance. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company is required to make judgments, including estimating reserves for potential adverse outcomes regarding tax positions that the Company has taken. The Company accounts for uncertainty in income taxes using a recognition and measurement threshold for tax positions taken or expected to be taken in a tax return. The effective tax rate and the tax basis of assets and liabilities reflect management’s estimates of the ultimate outcome of various tax uncertainties. </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">General and Administrative Expenses: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">General and administrative expenses represent cost and expenses associated with the operation of the Company. </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Earnings Per Common Share: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic earnings per share are computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect per share amounts that would have resulted if dilutive potential common stock had been converted to common stock in gain periods. </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Statements of Cash Flows: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For purposes of the consolidated statements of cash flows, the Company considers short-term, highly liquid investments with original maturities of less than ninety days to be cash equivalents. </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Concentration of Credit Risk: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company maintains significant banking relationships with financial institutions in the State of Texas. The Company limits its risk by periodically evaluating the relative credit standing of these financial institutions. The Company’s oil and gas production purchasers consist primarily of independent marketers and major gas pipeline companies. </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Hedging: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company periodically enters into oil and gas financial instruments to manage its exposure to oil and gas price volatility. The oil and gas reference prices upon which the price hedging instruments are based reflect various market indices that have a high degree of historical correlation with actual prices received by the Company. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The financial instruments are accounted for in accordance with applicable accounting standards for derivative instruments and hedging activities. Such standards require that applicable derivative instruments be measured at fair market value and recognized as assets or liabilities in the balance sheet. The accounting for changes in the fair value of a derivative depends on the intended use of the derivative and the resulting designation is generally established at the inception of a derivative. For derivatives designated as cash flow hedges and meeting applicable effectiveness guidelines, changes in fair value, to the extent effective, are recognized in other comprehensive income until the hedged item is recognized in earnings. Hedge effectiveness is measured at least quarterly based on the relative changes in fair value between the derivative contract and the hedged item over time. Any change in fair value of a derivative resulting from ineffectiveness or an excluded component of the gain/loss is recognized immediately in the statement of operations. </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recently Issued Accounting Standards: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">On January 1, 2018, PrimeEnergy adopted ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2014-09,</div> “Revenue from Contracts with Customers (ASC 606),” using the modified retrospective method. The Company elected to evaluate all contracts at the date of initial application. While there was no impact to the opening balance of retained earnings as a result of the adoption, certain items previously netted in revenue are now recognized as lease operating expense in the Company’s statement of consolidated operations. The amounts are immaterial to the financial statements, and prior comparative periods have not been restated and continue to be reported under the accounting standards in effect for those periods. Adoption of the new standard <div style="letter-spacing: 0px; top: 0px;;display:inline;">does</div> not have a material impact on the Company’s net earnings.</div><div style="font-size: 1px; margin-top: 12px; margin-bottom: 0px;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company applies the provisions of ASC 606 for revenue recognition to contracts with customers. Sales of crude oil, natural gas, and natural gas liquids (NGLs) are included in revenue when production is sold to a customer in fulfillment of performance obligations under the terms of agreed contracts. Performance obligations primarily comprise delivery of oil, gas, or NGLs at a delivery point, as negotiated within each contract. Each barrel of oil, million Btu (MMBtu) of natural gas, or other unit of measure is separately identifiable and represents a distinct performance obligation to which the transaction price is allocated. Performance obligations are satisfied at a point in time once control of the product has been transferred to the customer. The Company considers a variety of facts and circumstances in assessing the point of control transfer, including but not limited to: whether the purchaser can direct the use of the hydrocarbons, the transfer of significant risks and rewards, the Company’s right to payment, and transfer of legal title. In each case, the term between delivery and when payments are due is not significant. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenue is recognized based on the transfer of control or our customers’ ability to benefit from our services and products in an amount that reflects the consideration we expect to receive in exchange for those services and products. The vast majority of our service and product contracts are short-term in nature. In recognizing revenue for our services and products, we determine the transaction price of purchase orders or contracts with our customers, which may consist of fixed and variable consideration. We also assess our customers’ ability and intention to pay, which is based on a variety of factors, including our historical payment experience with and the financial condition of our customers. Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 20 to 60 days. Other judgments involved in recognizing revenue include an assessment of progress towards completion of performance obligations for certain long-term contracts, which involve estimating total costs to determine our progress towards contract completion and calculating the corresponding amount of revenue to recognize. </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PrimeEnergy records trade accounts receivable for its unconditional rights to consideration arising under sales contracts with customers. The carrying value of such receivables, net of the allowance for doubtful accounts, represents estimated net realizable value. The Company routinely assesses the collectability of all material trade and other receivables. The Company accrues a reserve on a receivable when, based on the judgment of management, it is probable that a receivable will not be collected and the amount of any reserve may be reasonably estimated. PrimeEnergy has concluded that the disaggregation of revenue by product appropriately depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. </div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Practical Expedients and Exemptions </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PrimeEnergy does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or contracts for which variable consideration is allocated entirely to a wholly unsatisfied performance obligation. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PrimeEnergy will utilize the practical expedient to expense incremental costs of obtaining a contract if the expected amortization period is one year or less. Costs to obtain a contract with expected amortization periods of greater than one year will be recorded as an asset and will be recognized in accordance with ASC 340, “Other Assets and Deferred Costs.” Currently, the Company does not have contract assets related to incremental costs to obtain a contract. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">In February 2016, the Financial Accounting Standards Board (FASB) issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-02,</div> “Leases (Topic 842),” requiring lessees to recognize lease assets and lease liabilities for most leases classified as operating leases under previous GAAP. The guidance is effective for fiscal years beginning after December 15, 2018. In January 2018, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-01,</div> which permits an entity an optional election to not evaluate under <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">ASU 2016-02</div> those existing or expired land easements that were not previously accounted for as leases prior to the adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-02.</div> In July 2018, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-11,</div> which adds a transition option permitting entities to apply the provisions of the new standard at its adoption date instead of the earliest comparative period presented in the consolidated financial statements. Under this transition option, comparative reporting would not be required, and the provisions of the standard would be applied prospectively to leases in effect at the date of adoption. The Company intends to elect both transitional practical expedients. As allowed under the standard, the Company also applied practical expedients to carry forward its historical assessments of whether existing agreements contain a lease, classification of existing lease agreements, and treatment of initial direct lease costs. The Company also elected to exclude short-term leases (those with terms of 12 months or less) from the balance sheet presentation and will account for <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-lease</div> and lease components as a single lease component for all asset classes.</div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has adopted this guidance as of January 1, 2019. In the normal course of business, the Company enters into various lease agreements for office space and equipment related to its exploration and development activities that are currently accounted for as operating leases. The Company’s adoption and implementation of this ASU did not significantly impact its balance sheet. The impact to the Company’s consolidated statement of operations and consolidated statement of cash flows is not material. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">On January 1, 2019, the company adopted ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-07</div> “Improvements to Nonemployee Share-Based Payment Accounting,” to simplify the accounting for share-based transactions by expanding the scope of Topic 718 from only being applicable to share-based payments to employees to also include share-based payment transactions for acquiring goods and services from nonemployees. As a result, the same guidance that provides for employee share-based payments, including most of the requirements related to classification and measurement, applies to nonemployee share-based payment arrangements. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-07</div> was effective for financial statements issued for annual periods beginning after December 15, 2018 and interim periods within those annual periods.<div style="text-decoration:line-through;display:inline;"> </div>The Company’s adoption did not have a material effect on its consolidated financial statements.</div><div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">New Pronouncements Issued But Not Yet Adopted </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">In August 2018, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13,</div> “Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement,” which changes the disclosure requirements for fair value measurements by removing, adding, and modifying certain disclosures. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> is effective for financial statements issued for annual periods beginning after December 15, 2019, and interim periods within those annual periods. Early adoption is permitted. The company plans to adopt this ASU and its related disclosures during the first quarter of 2020 and does not expect it to have a material impact on its financial statements.</div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">In August 2018, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-15,</div> “Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.” This pronouncement clarifies the requirements for capitalizing implementation costs in cloud computing arrangements and aligns them with the requirements for capitalizing implementation costs incurred to develop or obtain <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">internal-use</div> software. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted, including adoption in any interim period for which financial statements have not been issued. The Company plans to adopt this ASU on its consolidated financial statements during the first quarter of 2020 and does not expect it to have a material impact.</div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">In December 2019, The FASB issued Accounting Standards Update (ASU) <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12</div> Income Taxes (Topic740) Simplifying the Accounting for Income Taxes as part of its initiative to reduce complexity in the accounting standards. The amendments in ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12</div> remove certain exceptions related to the incremental approach for intraperiod tax allocations, the general methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU 2019 <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">-12</div> also clarifies and simplifies other aspects of accounting for income taxes. For public business entries, the amendment in this update are effective for fiscal years and interim periods with those fiscal years, beginning after December 15, 2020. </div></div> <div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
0000056868
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Capitalization of Interest: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest costs related to financing major oil and gas projects in progress are capitalized until the projects are evaluated or until the projects are substantially complete and ready for their intended use if the projects are evaluated and successful. </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment of Long-Lived Assets: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company reviews long-lived assets, including oil and gas properties, for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recovered. If the carrying amounts are not expected to be recovered by undiscounted cash flows, the assets are impaired, and an impairment loss is recorded. The amount of impairment is based on the estimated fair value of the assets determined by discounting anticipated future net cash flows. </div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fair Value: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company follows the authoritative guidance that establishes a formal framework for measuring fair values of assets and liabilities in financial statements that are already required by U.S. generally accepted accounting principles to be measured at fair value. The guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The transaction is based on a hypothetical transaction in the principal or most advantageous market considered from the perspective of the market participant that holds the asset or owes the liability. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company utilizes market data or assumptions that market participants who are independent, knowledgeable and willing and able to transact would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated or generally unobservable. The Company attempts to utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. The Company is able to classify fair value balances based on the observability of those inputs. The guidance establishes a formal fair value hierarchy based on the inputs used to measure fair value. The hierarchy gives the highest priority to Level 1 inputs, which consist of unadjusted quoted prices for identical instruments in active markets. Level 2 inputs consist of quoted prices for similar instruments. Level 3 valuations are derived from inputs that are significant and unobservable; hence, these valuations have the lowest priority. </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Asset Retirement Obligation: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The asset retirement obligation primarily represents the estimated present value of the amount the Company will incur to plug, abandon and remediate producing properties at the end of their productive lives, in accordance with applicable state laws. The Company determined its asset retirement obligation by calculating the present value of estimated cash flows related to the liability. The asset retirement obligation is recorded as a liability at its estimated present value at its inception, with an offsetting increase to producing properties. Periodic accretion of discount of the estimated liability is recorded as an expense in the statement of operations. </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Income Taxes: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recorded for the estimated future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the tax rate in effect for the year in which those temporary differences are expected to turn around. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in the year of the enacted rate change. A valuation allowance is established to reduce deferred tax assets if it is more likely than not that the related tax benefits will not be realized. As of December 31,<div style="letter-spacing: 0px; top: 0px;;display:inline;"> 201<div style="letter-spacing: 0px; top: 0px;;display:inline;">9, and</div></div> 2018, we had no valuation allowance. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company is required to make judgments, including estimating reserves for potential adverse outcomes regarding tax positions that the Company has taken. The Company accounts for uncertainty in income taxes using a recognition and measurement threshold for tax positions taken or expected to be taken in a tax return. The effective tax rate and the tax basis of assets and liabilities reflect management’s estimates of the ultimate outcome of various tax uncertainties. </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">General and Administrative Expenses: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">General and administrative expenses represent cost and expenses associated with the operation of the Company. </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Earnings Per Common Share: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic earnings per share are computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect per share amounts that would have resulted if dilutive potential common stock had been converted to common stock in gain periods. </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Statements of Cash Flows: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For purposes of the consolidated statements of cash flows, the Company considers short-term, highly liquid investments with original maturities of less than ninety days to be cash equivalents. </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Concentration of Credit Risk: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company maintains significant banking relationships with financial institutions in the State of Texas. The Company limits its risk by periodically evaluating the relative credit standing of these financial institutions. The Company’s oil and gas production purchasers consist primarily of independent marketers and major gas pipeline companies. </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Hedging: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company periodically enters into oil and gas financial instruments to manage its exposure to oil and gas price volatility. The oil and gas reference prices upon which the price hedging instruments are based reflect various market indices that have a high degree of historical correlation with actual prices received by the Company. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The financial instruments are accounted for in accordance with applicable accounting standards for derivative instruments and hedging activities. Such standards require that applicable derivative instruments be measured at fair market value and recognized as assets or liabilities in the balance sheet. The accounting for changes in the fair value of a derivative depends on the intended use of the derivative and the resulting designation is generally established at the inception of a derivative. For derivatives designated as cash flow hedges and meeting applicable effectiveness guidelines, changes in fair value, to the extent effective, are recognized in other comprehensive income until the hedged item is recognized in earnings. Hedge effectiveness is measured at least quarterly based on the relative changes in fair value between the derivative contract and the hedged item over time. Any change in fair value of a derivative resulting from ineffectiveness or an excluded component of the gain/loss is recognized immediately in the statement of operations. </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
Yes
Yes
Non-accelerated Filer
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recently Issued Accounting Standards: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">On January 1, 2018, PrimeEnergy adopted ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2014-09,</div> “Revenue from Contracts with Customers (ASC 606),” using the modified retrospective method. The Company elected to evaluate all contracts at the date of initial application. While there was no impact to the opening balance of retained earnings as a result of the adoption, certain items previously netted in revenue are now recognized as lease operating expense in the Company’s statement of consolidated operations. The amounts are immaterial to the financial statements, and prior comparative periods have not been restated and continue to be reported under the accounting standards in effect for those periods. Adoption of the new standard <div style="letter-spacing: 0px; top: 0px;;display:inline;">does</div> not have a material impact on the Company’s net earnings.</div><div style="font-size: 1px; margin-top: 12px; margin-bottom: 0px;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company applies the provisions of ASC 606 for revenue recognition to contracts with customers. Sales of crude oil, natural gas, and natural gas liquids (NGLs) are included in revenue when production is sold to a customer in fulfillment of performance obligations under the terms of agreed contracts. Performance obligations primarily comprise delivery of oil, gas, or NGLs at a delivery point, as negotiated within each contract. Each barrel of oil, million Btu (MMBtu) of natural gas, or other unit of measure is separately identifiable and represents a distinct performance obligation to which the transaction price is allocated. Performance obligations are satisfied at a point in time once control of the product has been transferred to the customer. The Company considers a variety of facts and circumstances in assessing the point of control transfer, including but not limited to: whether the purchaser can direct the use of the hydrocarbons, the transfer of significant risks and rewards, the Company’s right to payment, and transfer of legal title. In each case, the term between delivery and when payments are due is not significant. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenue is recognized based on the transfer of control or our customers’ ability to benefit from our services and products in an amount that reflects the consideration we expect to receive in exchange for those services and products. The vast majority of our service and product contracts are short-term in nature. In recognizing revenue for our services and products, we determine the transaction price of purchase orders or contracts with our customers, which may consist of fixed and variable consideration. We also assess our customers’ ability and intention to pay, which is based on a variety of factors, including our historical payment experience with and the financial condition of our customers. Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 20 to 60 days. Other judgments involved in recognizing revenue include an assessment of progress towards completion of performance obligations for certain long-term contracts, which involve estimating total costs to determine our progress towards contract completion and calculating the corresponding amount of revenue to recognize. </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PrimeEnergy records trade accounts receivable for its unconditional rights to consideration arising under sales contracts with customers. The carrying value of such receivables, net of the allowance for doubtful accounts, represents estimated net realizable value. The Company routinely assesses the collectability of all material trade and other receivables. The Company accrues a reserve on a receivable when, based on the judgment of management, it is probable that a receivable will not be collected and the amount of any reserve may be reasonably estimated. PrimeEnergy has concluded that the disaggregation of revenue by product appropriately depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. </div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Practical Expedients and Exemptions </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PrimeEnergy does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or contracts for which variable consideration is allocated entirely to a wholly unsatisfied performance obligation. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PrimeEnergy will utilize the practical expedient to expense incremental costs of obtaining a contract if the expected amortization period is one year or less. Costs to obtain a contract with expected amortization periods of greater than one year will be recorded as an asset and will be recognized in accordance with ASC 340, “Other Assets and Deferred Costs.” Currently, the Company does not have contract assets related to incremental costs to obtain a contract. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">In February 2016, the Financial Accounting Standards Board (FASB) issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-02,</div> “Leases (Topic 842),” requiring lessees to recognize lease assets and lease liabilities for most leases classified as operating leases under previous GAAP. The guidance is effective for fiscal years beginning after December 15, 2018. In January 2018, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-01,</div> which permits an entity an optional election to not evaluate under <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">ASU 2016-02</div> those existing or expired land easements that were not previously accounted for as leases prior to the adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-02.</div> In July 2018, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-11,</div> which adds a transition option permitting entities to apply the provisions of the new standard at its adoption date instead of the earliest comparative period presented in the consolidated financial statements. Under this transition option, comparative reporting would not be required, and the provisions of the standard would be applied prospectively to leases in effect at the date of adoption. The Company intends to elect both transitional practical expedients. As allowed under the standard, the Company also applied practical expedients to carry forward its historical assessments of whether existing agreements contain a lease, classification of existing lease agreements, and treatment of initial direct lease costs. The Company also elected to exclude short-term leases (those with terms of 12 months or less) from the balance sheet presentation and will account for <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-lease</div> and lease components as a single lease component for all asset classes.</div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has adopted this guidance as of January 1, 2019. In the normal course of business, the Company enters into various lease agreements for office space and equipment related to its exploration and development activities that are currently accounted for as operating leases. The Company’s adoption and implementation of this ASU did not significantly impact its balance sheet. The impact to the Company’s consolidated statement of operations and consolidated statement of cash flows is not material. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">On January 1, 2019, the company adopted ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-07</div> “Improvements to Nonemployee Share-Based Payment Accounting,” to simplify the accounting for share-based transactions by expanding the scope of Topic 718 from only being applicable to share-based payments to employees to also include share-based payment transactions for acquiring goods and services from nonemployees. As a result, the same guidance that provides for employee share-based payments, including most of the requirements related to classification and measurement, applies to nonemployee share-based payment arrangements. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-07</div> was effective for financial statements issued for annual periods beginning after December 15, 2018 and interim periods within those annual periods.<div style="text-decoration:line-through;display:inline;"> </div>The Company’s adoption did not have a material effect on its consolidated financial statements.</div><div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">New Pronouncements Issued But Not Yet Adopted </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">In August 2018, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13,</div> “Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement,” which changes the disclosure requirements for fair value measurements by removing, adding, and modifying certain disclosures. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> is effective for financial statements issued for annual periods beginning after December 15, 2019, and interim periods within those annual periods. Early adoption is permitted. The company plans to adopt this ASU and its related disclosures during the first quarter of 2020 and does not expect it to have a material impact on its financial statements.</div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">In August 2018, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-15,</div> “Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.” This pronouncement clarifies the requirements for capitalizing implementation costs in cloud computing arrangements and aligns them with the requirements for capitalizing implementation costs incurred to develop or obtain <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">internal-use</div> software. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted, including adoption in any interim period for which financial statements have not been issued. The Company plans to adopt this ASU on its consolidated financial statements during the first quarter of 2020 and does not expect it to have a material impact.</div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">In December 2019, The FASB issued Accounting Standards Update (ASU) <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12</div> Income Taxes (Topic740) Simplifying the Accounting for Income Taxes as part of its initiative to reduce complexity in the accounting standards. The amendments in ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12</div> remove certain exceptions related to the incremental approach for intraperiod tax allocations, the general methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU 2019 <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">-12</div> also clarifies and simplifies other aspects of accounting for income taxes. For public business entries, the amendment in this update are effective for fiscal years and interim periods with those fiscal years, beginning after December 15, 2020. </div></div> <div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3. Additional Balance Sheet Information </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accounts receivable at December 31, 2019 and 2018 consisted of the following: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 74%;"></td><td style="padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="6" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands of dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Joint interest billings</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">3,339</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,976</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trade receivables</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,246</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,979</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Oil and gas sales</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">7,284</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">6,112</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Tax refund receivable</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,720</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">4,760</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Other</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">189</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">358</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:top;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">14,778</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">15,185</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Less: Allowance for doubtful accounts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(418</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(224</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">14,360</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">14,961</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font-size: 1px; margin-top: 12px; margin-bottom: 0px;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accounts payable at December 31, 2019 and 2018 consisted of the following: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 78%;"></td><td style="padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="6" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands of dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 78%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Trade</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">261</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,174</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 78%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Royalty and other owners</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">4,227</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">6,197</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 78%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Partner advances</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,024</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,143</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 78%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prepaid drilling deposits</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">205</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">214</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 78%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Other</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">917</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">825</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 78%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 78%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">    6,634</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">    9,553</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 78%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accrued liabilities at December 31, 2019 and 2018 consisted of the following: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 76%;"></td><td style="padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="6" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 76%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Compensation and related expenses</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">3,620</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2,907</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 76%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Property costs</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,829</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">14,993</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 76%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Other</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">387</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">531</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 76%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 76%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">    6,836</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">    18,431</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 76%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accounts receivable at December 31, 2019 and 2018 consisted of the following: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 74%;"></td><td style="padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="6" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands of dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Joint interest billings</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">3,339</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,976</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trade receivables</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,246</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,979</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Oil and gas sales</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">7,284</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">6,112</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Tax refund receivable</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,720</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">4,760</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Other</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">189</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">358</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:top;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">14,778</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">15,185</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Less: Allowance for doubtful accounts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(418</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(224</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">14,360</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">14,961</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font-size: 1px; margin-top: 12px; margin-bottom: 0px;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accounts payable at December 31, 2019 and 2018 consisted of the following: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 78%;"></td><td style="padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="6" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands of dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 78%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Trade</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">261</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,174</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 78%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Royalty and other owners</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">4,227</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">6,197</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 78%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Partner advances</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,024</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,143</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 78%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prepaid drilling deposits</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">205</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">214</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 78%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Other</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">917</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">825</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 78%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 78%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">    6,634</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">    9,553</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 78%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accrued liabilities at December 31, 2019 and 2018 consisted of the following: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 76%;"></td><td style="padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="6" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 76%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Compensation and related expenses</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">3,620</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2,907</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 76%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Property costs</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,829</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">14,993</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 76%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Other</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">387</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">531</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 76%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 76%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">    6,836</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">    18,431</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 76%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
1720000
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7. Stock Options and Other Compensation </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">In May 1989, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-statutory</div> stock options were granted by the Company to four key executive officers for the purchase of shares of common stock. At December 31, 2019 and 2018, options on 767,500 shares were outstanding and exercisable at prices ranging from $1.00 to $1.25. According to their terms, the options have no expiration date.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6. Contingent Liabilities </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company, as managing general partner of the affiliated Partnerships, is responsible for all Partnership activities, including the drilling of development wells and the production and sale of oil and gas from productive wells. The Company also provides the administration, accounting and tax preparation work for the Partnerships, and is liable for all debts and liabilities of the affiliated Partnerships, to the extent that the assets of a given limited Partnership are not sufficient to satisfy its obligations. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company is subject to environmental laws and regulations. Management believes that future expenses, before recoveries from third parties, if any, will not have a material effect on the Company’s financial condition. This opinion is based on expenses incurred to date for remediation and compliance with laws and regulations, which have not been material to the Company’s results of operations. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">From time to time, the Company is party to certain legal actions arising in the ordinary course of business. While the outcome of these events cannot be predicted with certainty, management does not expect these matters to have a materially adverse effect on the financial position or results of operations of the Company. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9. Segment Information and Major Customers </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company operates in one industry – oil and gas exploration, development, operation and servicing. The Company’s oil and gas activities are entirely in the United States. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company sells its oil and natural gas and liquids production to a number of direct purchasers under direct contracts or through other operators under joint operating agreements. Listed below are the purchasers of the Company’s production which represented more than 10% of the Company’s sales in the year 201<div style="letter-spacing: 0px; top: 0px;;display:inline;">9</div>. </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:68%;"><tr style="font-size: 0px;"><td style="font-family: "times new roman"; padding: 0px; width: 88%;"></td><td style="font-family: "times new roman"; padding: 0px; width: 6%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 88%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Oil:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 88%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Apache Corporation</div></div></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="padding:0in 0in 0in 0in;vertical-align:bottom;"><div style="text-align: right; margin-top: 0px; margin-bottom: 0.0001pt; font-family: "times new roman", serif; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">53.98</div></div></td><td style="white-space: nowrap;;vertical-align:bottom;">% </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 88%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Plains All American Inc.</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background:#cceeff; padding:0in 0in 0in 0in;vertical-align:bottom;"><div style="text-align: right; margin-top: 0px; margin-bottom: 0.0001pt; font-family: "times new roman", serif; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15.88</div></div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">% </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 88%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas and liquids:</div></div></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 88%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Apache Corporation</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background:#cceeff; padding:0in 0in 0in 0in;vertical-align:bottom;"><div style="text-align: right; margin-bottom: 0.0001pt; margin-top: 0px; font-family: "times new roman", serif; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39.09</div></div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">% </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="width: 88%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Targa Pipeline <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Mid-Continent</div> West Tex, LLC</div></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="padding:0in 0in 0in 0in;vertical-align:bottom;"><div style="text-align: right; margin-bottom: 0.0001pt; margin-top: 0px; font-family: "times new roman", serif; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12.50</div></div></td><td style="white-space: nowrap;;vertical-align:bottom;">% </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Although there are no long-term oil and gas purchasing agreements with these purchasers, the Company believes that they will continue to purchase its oil and gas products and, if not, could be replaced by other purchasers. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company sells its oil and natural gas and liquids production to a number of direct purchasers under direct contracts or through other operators under joint operating agreements. Listed below are the purchasers of the Company’s production which represented more than 10% of the Company’s sales in the year 201<div style="letter-spacing: 0px; top: 0px;;display:inline;">9</div>. </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:68%;"><tr style="font-size: 0px;"><td style="font-family: "times new roman"; padding: 0px; width: 88%;"></td><td style="font-family: "times new roman"; padding: 0px; width: 6%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 88%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Oil:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 88%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Apache Corporation</div></div></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="padding:0in 0in 0in 0in;vertical-align:bottom;"><div style="text-align: right; margin-top: 0px; margin-bottom: 0.0001pt; font-family: "times new roman", serif; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">53.98</div></div></td><td style="white-space: nowrap;;vertical-align:bottom;">% </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 88%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Plains All American Inc.</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background:#cceeff; padding:0in 0in 0in 0in;vertical-align:bottom;"><div style="text-align: right; margin-top: 0px; margin-bottom: 0.0001pt; font-family: "times new roman", serif; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15.88</div></div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">% </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 88%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas and liquids:</div></div></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 88%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Apache Corporation</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background:#cceeff; padding:0in 0in 0in 0in;vertical-align:bottom;"><div style="text-align: right; margin-bottom: 0.0001pt; margin-top: 0px; font-family: "times new roman", serif; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39.09</div></div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">% </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="width: 88%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Targa Pipeline <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Mid-Continent</div> West Tex, LLC</div></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="padding:0in 0in 0in 0in;vertical-align:bottom;"><div style="text-align: right; margin-bottom: 0.0001pt; margin-top: 0px; font-family: "times new roman", serif; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12.50</div></div></td><td style="white-space: nowrap;;vertical-align:bottom;">% </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4. Long-Term Debt </div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bank Debt: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effective July 30, 2010 the Company entered into a Second Amended and Restated Credit Agreement between Compass Bank as agent and a syndicated group of lenders (“Credit Agreement”). The Credit Agreement had a revolving line of credit and letter of credit facility of up to $250 million with a final maturity date of July 30, 2017. The credit facility was secured by substantially all of the Company’s oil and gas properties. The credit facility was subject to a borrowing base determined by the lenders taking into consideration the estimated value of PERC’s oil and gas properties in accordance with the lenders’ customary practices for oil and gas loans</div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On February 15, 2017, the Company and its lenders entered into a Third Amended and Restated Credit Agreement (the “2017 Credit Agreement”) with a maturity date of February 15, 2021. The Second Amended and Restated Credit Agreement and subsequent amendments were amended and restated by the 2017 Credit Agreement. Pursuant to the terms and conditions of the 2017 Credit Agreement, the Company has a revolving line of credit and letter of credit facility of up to $300 million subject to a borrowing base that is determined semi-annually by the lenders based upon the Company’s financial statements and the estimated value of the Company’s oil and gas properties, in accordance with the Lenders’ customary practices for oil and gas loans. The credit facility is secured by substantially all of the Company’s oil and gas properties. The 2017 Credit Agreement includes terms and covenants that require the Company to maintain a minimum current ratio, total indebtedness to EBITDAX (earnings before depreciation, depletion, amortization, taxes, interest expense and exploration costs) ratio and interest coverage ratio, as defined, and restrictions are placed on the payment of dividends, the amount of treasury stock the Company may purchase, commodity hedge agreements, and loans and investments in its consolidated subsidiaries and limited partnerships. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On December 22, 2017, the Company and its lenders entered into a First Amendment to the Third Amended and Restated Credit Agreement. The credit agreement includes the addition of a new lender and retains all other aspects of the original credit agreement. As of the effective date of this amendment the Company’s borrowing base was increased to $85 million. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On July 17, 2018, the Company and its lenders entered into a Second Amendment to the Third Amended and Restated Credit Agreement. The credit agreement includes modifications for the borrowing base utilization margins and rates by type of borrowing, revises minimum quantifications for individual borrowings, reduces the overall percentage required for commodity hedge agreements, modifies the requirements placed on the companies’ ability to purchase equity interests and retains all other aspects of the original credit agreement. As of the effective date of this amendment the Company’s borrowing base was increased to $90 million.</div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January 8, 2019, the Company and its lenders entered into a Third Amendment to the Third Amended and Restated Credit Agreement. The credit agreement includes additions for a Beneficial Ownership Certification on the effective date of the amendment. The agreement includes further clarifications for potential Libor loan market rate issues, swap agreement modifications and retains all other aspects of the original credit agreement. As of the effective date of this amendment the Company’s borrowing base was increased to $100 million. Effective on June 26, 2019 the Company’s lenders adjusted the borrowing base to $ 90 million. On December<div style="display:inline;"> </div>18, 2019 as part of the scheduled redetermination of the borrowing base, lenders approved the borrowing base to stand at $72 million until the next redetermination. </div></div></div><div style="font-size: 1px; margin-top: 12px; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 10pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">At December 31, 2019, the Company had a total of</div><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> $53.5 </div><div style="font-size: 10pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">million of borrowings outstanding under its revolving credit facility at a weighted-average interest rate of</div><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> 4.85 % and $18.5 </div><div style="font-size: 10pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">million available for future borrowings. The combined weighted average interest rate paid on outstanding bank borrowings subject to base rate and LIBO interest was</div><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> 5.34% </div><div style="font-size: 10pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">for the twelve months ended December 31, 2019 as compared to</div><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> 5.33% </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">for twelve months ended December 31 2018. The Company’s borrowings under this credit facility approximates fair value because the interest rates are variable and reflective of market rates. </div></div><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equipment Loans: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On July 29, 2014, the Company entered into additional equipment financing facilities (“Additional Equipment Loans”) totaling $6.0 million with JP Morgan Chase Bank. In August 2014, the Company drew down $4.8 million of this facility that is secured by field service equipment, carries an interest rate of 3.40% per annum, requires monthly payments (principal and interest) of $87,800, and has a final maturity date of July 31, 2019. The remaining $1.2 million under the Additional Equipment Loans was available for interim draws to finance the acquisition of any future field service equipment. In December 2014, the Company made an interim draw of an additional $0.5 million on this facility that is secured by recently purchased field service equipment. Interim draws on this facility carried a floating interest rate; payable monthly at the LIBO published rate plus 2.50% and on June 26, 2015 converted into a fixed term loan, with a rate of 3.50% and requiring monthly payments (principal and interest) of $8,700 with a final maturity date of June 26, 2020. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January 12, 2018, the Company made a principal payment towards the third interim loan in the amount of $20,858. Effective with the payment due of January 26, 2018 the required monthly payments (principal and interest) on this loan changed to $7,986 with a continuing effective rate of 3.50% and a final maturity of June 26, 2020. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On May 23, 2019, the Company made its final payment towards both the second and third loans. At this time, all equipment loans were paid in full and the field service equipment liens secured by these loans were cancelled and all titles returned to the Company. </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11. Related Party Transactions </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company, as managing general partner or managing trustee, makes an annual offer to repurchase the interests of the partners and trust unit holders in certain of the Partnerships or Trusts. The Company purchased such interests in an amount totaling $499,000 during 2019 and $65,000 during 2018. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Treasury stock purchases in any reported period may include shares from a related party, which may include members of the Company’s Board of Directors. In 2018, the Company purchased 10,000 shares from related parties. There were no treasury stock purchases made during 2019 from related parties. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Payables owed to related parties primarily represent receipts collected by the Company as agent for the joint venture partners, which may include members of the Company’s Board of Directors, during a specific reporting year, for oil and gas sales net of expenses. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
499000
65000
10000
0
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12. Salary Deferral Plan </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company maintains a salary deferral plan (the “Plan”) in accordance with Internal Revenue Code Section 401(k), as amended. The Plan provides for matching contributions, of which $<div style="display:inline;">412,000</div> and $338,000 were made in 2019 and 2018, respectively. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
338000
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13. Earnings per Share </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic earnings per share are computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect per share amounts that would have resulted if dilutive potential common stock had been converted to common stock in gain periods. The following reconciles amounts reported in the financial statements: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:100%;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 45%;"></td><td style="padding: 0px; width: 2%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 2%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 2%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 2%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 2%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 2%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="22" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="10" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="10" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Net Income<br/>(In 000’s)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Weighted<br/>Average<br/>Number of<br/>Shares<br/>Outstanding</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Per Share<br/>Amount</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Net Income<br/>(In 000’s)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Weighted<br/>Average<br/>Number of<br/>Shares<br/>Outstanding</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Per Share<br/>Amount</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 45%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"><div style="font-weight:bold;display:inline;">Basic</div></div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">3,476</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2,019,502</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1.72</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">14,529</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2,089,055</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">6.96</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 45%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 45%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effect of dilutive securities:</div></div></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 45%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Options</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"> </td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">761,233</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"> </td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">755,141</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 45%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 45%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Diluted</div></div></div></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">3,476</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,780,735</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">1.25</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">14,529</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,844,196</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">5.11</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;;width:;"></td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";;width:;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";;width:;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";;width:;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";;width:;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";;width:;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
The following reconciles amounts reported in the financial statements:<table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:100%;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 45%;"></td><td style="padding: 0px; width: 2%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 2%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 2%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 2%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 2%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 2%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="22" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="10" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="10" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Net Income<br/>(In 000’s)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Weighted<br/>Average<br/>Number of<br/>Shares<br/>Outstanding</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Per Share<br/>Amount</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Net Income<br/>(In 000’s)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Weighted<br/>Average<br/>Number of<br/>Shares<br/>Outstanding</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Per Share<br/>Amount</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 45%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"><div style="font-weight:bold;display:inline;">Basic</div></div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">3,476</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2,019,502</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1.72</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">14,529</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2,089,055</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">6.96</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 45%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 45%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effect of dilutive securities:</div></div></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 45%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Options</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"> </td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">761,233</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"> </td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">755,141</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 45%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 45%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Diluted</div></div></div></td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">3,476</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,780,735</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">1.25</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">14,529</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,844,196</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 2%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">5.11</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;;width:;"></td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";;width:;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";;width:;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";;width:;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";;width:;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";;width:;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;;width:;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14. Shareholder’s Equity </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company has in place a stock repurchase program whereby it may purchase outstanding shares of its common stock from <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap;;display:inline;">time-to-time,</div></div> in open market transactions or negotiated sales. The Company uses the cost method to account for its treasury share purchases. Effective December 21, 2018, pursuant to a vote of the shareholders amending the Articles of Incorporation, the authorized shares of common stock were reduced from 4,000,000 to 2,810,000 shares. The amendment was filed with the Secretary of State in Delaware. The cost of the cancelled shares was determined by use of the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">first-in,</div> first out valuation method. The cost of reacquired shares was $28,775,000. The cost was allocated between the par value ($0.10) of the shares cancelled; the excess of cost over the par value to paid in capital based upon the average per share amount of paid in capital ($1.43) for all shares from the original issuance; and the excess was charged to retained earnings.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
4000000
The cost of the cancelled shares was determined by use of the first-in, first out valuation method. The cost of reacquired shares was $28,775,000. The cost was allocated between the par value ($0.10) of the shares cancelled; the excess of cost over the par value to paid in capital based upon the average per share amount of paid in capital ($1.43) for all shares from the original issuance; and the excess was charged to retained earnings.
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5. Commitments </div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Operating Leases: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company leases office facilities under operating leases and recognizes lease expense on a straight-line basis over the lease term. Leases assets and liabilities are initially recorded at commencement date based on the present value of lease payments over the lease term. A new finance lease for office equipment is included in property and equipment, other current liabilities and other long-term liabilities this quarter. As most of the Company’s lease contracts do not provide an implicit discount rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The weighted average discount rate used was 5.5%. Certain leases may contain variable costs above the minimum required payments and are not included in the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap;;display:inline;">right-of-use</div></div> assets or liabilities. Leases may include renewal, purchase or termination options that can extend or shorten the term of the lease. The exercise of those options is at the Company’s sole discretion and is evaluated at inception and throughout the contract to determine if a modification of the lease term is required. Leases with an initial term of 12 months or less are not recorded on the balance sheet.</div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating lease costs for the twelve months ended December 31, 2019 were $437 thousand. Cash payments included in the operating lease cost for twelve months ended December 31, 2019 were $447 thousand. The weighted-average remaining operating lease terms is 12 months. The amortization and interest expense for financing lease amounted to $5,000 and the cash payment for the lease was $5,100 and the lease term remaining was for 16 months. </div></div><div style="font-size: 1px; margin-top: 12px; margin-bottom: 0px;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: "times new roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;text-indent: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The payment schedule for the Company’s operating and financing lease obligations as of December 31, 2019 is as follows: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="font-size: 0px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;"></td><td style="font-family: "times new roman"; padding: 0px; width: 11%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px; width: 11%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Operating<br/>Leases</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Financing<br/>Leases</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%; background-color: rgb(204, 238, 255);;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2020</div></div></td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(204, 238, 255);;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">616</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(204, 238, 255);;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">8</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(255, 255, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2021</div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255); width: 11%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(255, 255, 255);;text-align:right;;vertical-align:bottom;">106</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(255, 255, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255); width: 11%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(255, 255, 255);;text-align:right;;vertical-align:bottom;">2</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(255, 255, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%; background-color: rgb(255, 255, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(255, 255, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);"> </td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(255, 255, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%; background-color: rgb(204, 238, 255);;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total undiscounted lease payments</div></div></td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(204, 238, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">722</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(204, 238, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">10</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(255, 255, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Less: Amount associated with discounting</div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255); width: 11%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(255, 255, 255);;text-align:right;;vertical-align:bottom;">(53</td><td style="white-space: nowrap; background-color: rgb(255, 255, 255);;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255); width: 11%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(255, 255, 255);;text-align:right;;vertical-align:bottom;">(1</td><td style="white-space: nowrap; background-color: rgb(255, 255, 255);;vertical-align:bottom;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%; background-color: rgb(255, 255, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(255, 255, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);"> </td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(255, 255, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%; background-color: rgb(204, 238, 255);;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net operating lease liabilities</div></div></td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(204, 238, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">669</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(204, 238, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">9</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%; background-color: rgb(255, 255, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(255, 255, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);"> </td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(255, 255, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The Company amended certain leases for office space in Texas and Oklahoma providing for payments of </div></div><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> $461 thousand and $89 </div><div style="font-size: 10pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">thousand in 2020 and 2021, respectively. </div><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Rent expense for office space for the years ended December 31, 2019 and 2018 was $594,000 and $659,000, respectively. </div></div><div style="text-indent: 4%; font-family: "times new roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; line-height: 12pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Asset Retirement Obligation: </div></div></div></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A reconciliation of the liability for plugging and abandonment costs for the years ended December 31, 2019 and 2018 is as follows: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 72%;"></td><td style="padding: 0px; width: 6%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 6%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="6" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size:8.0pt; font-family:"times new roman","serif";display:inline;">    2019    </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size:8.0pt; font-family:"times new roman","serif";display:inline;">    2018    </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Asset retirement obligation at beginning of period</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">21,334</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">23,578</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities incurred</div></div></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">4</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">49</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Liabilities settled</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(1,442</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(2,656</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accretion expense</div></div></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,120</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,120</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Revisions in estimated liabilities</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">102</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(757</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Asset retirement obligation at end of period</div></div></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">21,118</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">21,334</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company’s liability is determined using significant assumptions, including current estimates of plugging and abandonment costs, annual inflation of these costs, the productive life of wells and a risk-adjusted interest rate. Changes in any of these assumptions can result in significant revisions to the estimated asset retirement obligation. Revisions to the asset retirement obligation are recorded with an offsetting change to producing properties, resulting in prospective changes to depreciation, depletion and amortization expense and accretion of discount. Because of the subjectivity of assumptions and the relatively long life of most of the Company’s wells, the costs to ultimately retire the wells may vary significantly from previous estimates. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A reconciliation of the liability for plugging and abandonment costs for the years ended December 31, 2019 and 2018 is as follows: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 72%;"></td><td style="padding: 0px; width: 6%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 6%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="6" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size:8.0pt; font-family:"times new roman","serif";display:inline;">    2019    </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size:8.0pt; font-family:"times new roman","serif";display:inline;">    2018    </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Asset retirement obligation at beginning of period</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">21,334</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">23,578</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities incurred</div></div></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">4</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">49</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Liabilities settled</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(1,442</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(2,656</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accretion expense</div></div></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,120</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,120</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Revisions in estimated liabilities</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">102</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 6%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(757</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Asset retirement obligation at end of period</div></div></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">21,118</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;">$</td><td style="text-align:right;;vertical-align:bottom;">21,334</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 6%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
2021-02-15
0.055
P16M
5000000
447000
437000
5100000
P12M
461000
89000
The components of the provision (benefit) for income taxes for the years ended December 31, 2019 and 2018 are as follows:<table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="color: white; line-height: 0pt; visibility: hidden;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;"></td><td style="font-family: "times new roman"; padding: 0px; width: 7%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="white-space: nowrap; font-family: "times new roman";">            </td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px; width: 7%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="white-space: nowrap; font-family: "times new roman";">            </td><td style="font-family: "times new roman"; padding: 0px;"></td></tr><tr style="font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">    </td><td colspan="6" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">    </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">    2019    </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">    2018    </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Current:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">    </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Federal</div></div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">(1,798</div></td><td style="white-space: nowrap;;vertical-align:bottom;">)<div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">(4,742</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">) </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">State</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">123</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">(146</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">) </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total current</div></div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">(1,675</div></td><td style="white-space: nowrap;;vertical-align:bottom;">)<div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">(4,888</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">) </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Deferred:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">    </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Federal</div></div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">3,536</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">7,620</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">State</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">(440</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">)<div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">246</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total deferred</div></div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">3,096</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">7,866</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total income tax provision</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">$</div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">1,421</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">$</div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">2,978</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="color: white; line-height: 0pt; visibility: hidden;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;"></td><td style="font-family: "times new roman"; padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="white-space: nowrap; font-family: "times new roman";">            </td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="white-space: nowrap; font-family: "times new roman";">            </td><td style="font-family: "times new roman"; padding: 0px;"></td></tr><tr style="font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="6" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">At December 31,</div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">    2019    </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">    </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">    2018    </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Deferred Tax Assets:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accrued liabilities</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">614</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">519</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Allowance for doubtful accounts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">95</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">51</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivative Contracts</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">110</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">0</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Disallowed Interest Carryforwards</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255); height: 15px; padding: 0pt 4pt 0pt 0pt; width: 6%;;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255); white-space: nowrap;;display:inline;">—</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">769</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Alternative minimum tax credits</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">1,720</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">4,760</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">State Net operating loss carry-forwards</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">821</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">469</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Percentage depletion carry-forwards</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="height: 15px; padding: 0pt 4pt 0pt 0pt; width: 5%;;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">—</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="white-space: nowrap; height: 15px; padding: 0pt 4pt 0pt 0pt; width: 6%;;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">—</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">General Business Credits</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255); height: 15px; padding: 0pt 4pt 0pt 0pt; width: 5%;;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255); white-space: nowrap;;display:inline;">—</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">137</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total deferred tax assets</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">3,360</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">6,705</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Deferred Tax Liabilities:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basis differences relating to managed partnerships</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">2,109</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">2,296</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Depletion and depreciation</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">37,173</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">36,711</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivative Contracts</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="height: 15px; padding: 0pt 4pt 0pt 0pt; width: 5%;;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">—</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">526</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total deferred tax liabilities</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">39,282</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">39,533</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 7em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net deferred tax liabilities</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">35,922</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">32,828</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
The total provision for income taxes for the years ended December 31, 2019 and 2018 varies from the federal statutory tax rate as a result of the following:<table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="color: white; line-height: 0pt; visibility: hidden;"><td style="font-family: "times new roman"; padding: 0px; width: 64%;"></td><td style="font-family: "times new roman"; padding: 0px; width: 12%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="white-space: nowrap; font-family: "times new roman";">            </td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px; width: 12%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="white-space: nowrap; font-family: "times new roman";">            </td><td style="font-family: "times new roman"; padding: 0px;"></td></tr><tr style="font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="6" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">        2019        </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">        2018        </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Expected tax expense</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">$</div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">1,028</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">$</div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">3,676</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revaluation of deferred tax attributes</div></div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="height: 15px; padding: 0pt 4pt 0pt 0pt; width: 5%;;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">—</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">0</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Executive Compensation</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">597</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">553</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">State income tax, net of federal benefit</div></div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">(303</div></td><td style="white-space: nowrap;;vertical-align:bottom;">)<div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">79</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Percentage depletion</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">(341</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">)<div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">(140</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">) </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">AMT and </div>Marginal Well Credits</div></div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">436</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">(1,186</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">) </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Other, net</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">4</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">(4</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">) </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 64%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total income tax provision (benefit)</div></div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">1,421</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">2,978</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 64%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
0
769000
0
137000
0
526000
597000
553000
<div style="font-family: "times new roman"; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt; line-height: 12pt; text-align: center;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PRIMEENERGY RESOURCES CORPORATION AND SUBSIDIARIES</div></div></div><div style="font-family: "times new roman"; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt; text-align: center;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">SUPPLEMENTARY INFORMATION </div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="width: 21%; line-height: 6pt; margin: 0pt auto 2pt; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">CAPITALIZED COSTS RELATING TO </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OIL AND GAS PRODUCING ACTIVITIES </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 84%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="padding: 0px; vertical-align: top; width: 74%;"></td><td style="padding: 0px; vertical-align: top; width: 5%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 5%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="6" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">As of December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt; vertical-align: top;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Proved Developed oil and gas properties</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">527,729</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">514,821</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Proved Undeveloped oil and gas properties</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="height: 15px; padding: 0pt 4pt 0pt 0pt;;text-align:right;;vertical-align:bottom;">—</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="white-space: nowrap; height: 15px; padding: 0pt 4pt 0pt 0pt;;text-align:right;;vertical-align:bottom;">—</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 74%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total Capitalized Costs</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">527,729</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">514,821</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accumulated depreciation, depletion and valuation allowance</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">322,409</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">291,152</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 74%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Net Capitalized Costs</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">205,320</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">223,669</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 74%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="width: 21%; line-height: 6pt; margin: 0pt auto 2pt; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">COSTS INCURRED IN OIL AND GAS PROPERTY ACQUISITION, </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">EXPLORATION AND DEVELOPMENT ACTIVITIES </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div> <div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 8pt; border-spacing: 0px; width: 76%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="padding: 0px; vertical-align: top; width: 74%;"></td><td style="padding: 0px; vertical-align: top; width: 5%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 5%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="6" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt; vertical-align: top;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Development Costs</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">15,348</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">42,079</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="width: 21%; line-height: 6pt; margin: 0pt auto 2pt; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">STANDARDIZED MEASURE OF DISCOUNTED FUTURE </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NET CASH FLOWS RELATING TO PROVED OIL AND GAS RESERVES </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div> <div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 92%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="padding: 0px; vertical-align: top; width: 76%;"></td><td style="padding: 0px; vertical-align: top; width: 4%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 4%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="6" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">As of December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt; vertical-align: top;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Future cash inflows</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">423,839</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">518,783</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Future production costs</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(202,169</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;">) </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(253,896</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Future development costs</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(62,379</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(24,584</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Future income tax expenses</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(29,678</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;">) </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(38,589</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 76%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Future Net Cash Flows</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">129,613</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">201,714</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10% annual discount for estimated timing of cash flows</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(48,001</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;">) </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(63,805</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 76%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Standardized Measure of Discounted Future Net Cash Flows</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">81,612</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">137,909</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 76%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 60pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">See accompanying Notes to Supplementary Information </div></div></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="font-size: 1px; margin-top: 24px; margin-bottom: 0px;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;">  </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">STANDARDIZED MEASURE OF DISCOUNTED FUTURE </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NET CASH FLOWS AND CHANGES THEREIN </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">RELATING TO PROVED OIL AND GAS RESERVES </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div> <div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following are the principal sources of change in the standardized measure of discounted future net cash flows during 2019 and 2018: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 84%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="padding: 0px; vertical-align: top; width: 74%;"></td><td style="padding: 0px; vertical-align: top; width: 5%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 5%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="6" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt; vertical-align: top;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Sales of oil and gas produced, net of production costs</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(15,938</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(22,065</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net changes in prices and production costs</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(42,409</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;">) </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">24,826</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Extensions, discoveries and improved recovery</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">31,276</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">46,885</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revisions of previous quantity estimates</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(3,319</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;">) </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">1,942</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Net change in development costs</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(53,143</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">3,062</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reserves sold</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(113</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;">) </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(274</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Reserves purchased</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">174</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">971</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accretion of discount</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">13,791</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">10,691</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Net change in income taxes</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">5,572</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(17,704</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in production rates (timing) and other</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">7,812</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(17,339</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 74%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Net change</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(56,297</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">30,995</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Standardized measure of discounted future net cash flow:</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Beginning of year</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">137,909</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">106,914</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 74%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">End of year</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">81,612</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">137,909</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 74%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 298pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">See accompanying Notes to Supplementary Information </div></div></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="font-size: 1px; margin-top: 24px; margin-bottom: 0px;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PRIMEENERGY RESOURCES CORPORATION AND SUBSIDIARIES </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">SUPPLEMENTARY INFORMATION </div></div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="width: 21%; line-height: 6pt; margin: 0pt auto 2pt; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">RESERVE QUANTITY INFORMATION </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31, 2019 and 2018 </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div> <div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:100%;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 60%;"></td><td style="padding: 0px; width: 1%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 1%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 1%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 1%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 1%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 1%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="22" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">As of December 31,</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="10" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="10" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Oil<br/>(MBbls)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">NGLs<br/>(MBbls)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Gas<br/>(MMcf)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Oil<br/>(MBbls)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">NGLs<br/>(MBbls)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Gas<br/>(MMcf)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Proved Developed Reserves:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning of year</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">6,404</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,707</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">21,065</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">5,333</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,703</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">17,143</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Extensions, discoveries and improved recovery</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">471</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">264</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,330</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,284</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">438</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2237</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revisions of previous estimates</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(1,260</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">506</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,033</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">192</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">662</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">4,144</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Converted from undeveloped reserves</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">7</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">7</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">65</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">605</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">258</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">870</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reserves sold</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(5</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">0</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(120</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(3</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="white-space: nowrap;;text-align:right;;vertical-align:bottom;">—</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(368</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Reserve purchased</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">6</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">4</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">19</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">75</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">35</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">179</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Production</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(1,242</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(574</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(4,397</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(1,082</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(389</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(3,140</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 60%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">End of year</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">4,381</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2,914</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">19,995</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">6,404</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2,707</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">21,065</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 60%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Proved Undeveloped Reserves:</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Beginning of year</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">10</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">12</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">124</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">505</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">156</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">709</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Extensions, discoveries and improved recovery</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,834</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,013</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">4,530</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(123</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(22</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(34</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Revisions of previous estimates</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(4</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(1</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(42</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">233</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">136</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">319</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Converted to developed reserves</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(7</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(7</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(65</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(605</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(258</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(870</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 60%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">End of year</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,833</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,017</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">4,547</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">10</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">12</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">124</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 60%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total Proved Reserves at the End of the Year</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">6,214</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">3,931</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">24,542</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">6,414</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,719</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">21,189</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 60%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"></div><div style="width: 21%; line-height: 6pt; margin: 0pt auto 2pt; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">RESULTS OF OPERATIONS FROM OIL AND GAS PRODUCING ACTIVITIES </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31, 2019 and 2018 </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 100%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="padding: 0px; vertical-align: top; width: 80%;"></td><td style="padding: 0px; vertical-align: top; width: 4%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 4%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="6" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt; vertical-align: top;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">      2019      </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">      2018      </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Revenue:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Oil and gas sales</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">84,015</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">93,215</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Costs and Expenses:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Lease operating expenses</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">33,461</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">34,996</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Depreciation, depletion and accretion</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">34,616</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">36,154</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income tax expense</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">1,421</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">3,724</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 80%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total Costs and Expenses</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">69,498</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">74,874</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 80%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Results of Operations from Producing Activities (excluding corporate overhead and interest costs)</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">14,517</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">18,341</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 80%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="font-family: "times new roman"; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt; text-align: center;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">See accompanying Notes to Supplementary Information </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PRIMEENERGY RESOURCES CORPORATION AND SUBSIDIARIES </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTES TO SUPPLEMENTARY INFORMATION </div></div></div></div><div style="font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1. Presentation of Reserve Disclosure Information </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">Reserve disclosure information is presented in accordance with U.S. generally accepted accounting principles. The Company’s reserves include amounts attributable to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-controlling</div> interests in the Partnerships. These interests represent less than 10% of the Company’s reserves.</div><div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2. Determination of Proved Reserves </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The estimates of the Company’s proved reserves were determined by an independent petroleum engineer in accordance with U.S. generally accepted accounting principles. The estimates of proved reserves are inherently imprecise and are continually subject to revision based on production history, results of additional exploration and development and other factors. Estimated future net revenues were computed by reserves, less estimated future development and production costs based on current costs. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Proved reserve quantity estimates are subject to numerous uncertainties inherent in the estimation of quantities of proved reserves and in the projection of future rates of production and the timing of development expenditures. The accuracy of such estimates is a function of the quality of available data and of engineering and geological interpretation and judgment. Results of subsequent drilling, testing and production may cause either upward or downward revision of previous estimates. Further, the volumes considered to be commercially recoverable fluctuate with changes in prices and operating costs. The Company emphasizes that proved reserve estimates are inherently imprecise and that estimates of new discoveries are more imprecise than those of currently producing oil and gas properties. Accordingly, these estimates are expected to change as additional information becomes available in the future. </div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3. Results of Operations from Oil and Gas Producing Activities </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The results of operations from oil and gas producing activities were prepared in accordance with U.S. generally accepted accounting principles. General and administrative expenses, interest costs and other unrelated costs are not deducted in computing results of operations from oil and gas activities. </div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4. Standardized Measure of Discounted Future Net Cash Flows and Changes Therein Relating to Proved Oil and Gas Reserves </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The standardized measure of discounted future net cash flows relating to proved oil and gas reserves and the changes of standardized measure of discounted future net cash flows relating to proved oil and gas reserves were prepared in accordance with U.S. generally accepted accounting principles. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Future cash inflows are computed as described in Note 2 by applying current prices to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">year-end</div> quantities of proved reserves.</div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Future production and development costs are computed estimating the expenditures to be incurred in developing and producing the oil and gas reserves at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">year-end,</div> based on <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">year-end</div> costs and assuming continuation of existing economic conditions.</div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Future income tax expenses are calculated by applying the 20<div style="display:inline;">20</div> U.S. tax rate to future <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">pre-tax</div> cash inflows relating to proved oil and gas reserves, less the tax basis of properties involved. Future income tax expenses give effect to permanent differences and tax credits and allowances relating to the proved oil and gas reserves.</div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Future net cash flows are discounted at a rate of 10% annually (pursuant to applicable guidance) to derive the standardized measure of discounted future net cash flows. This calculation does not necessarily represent an estimate of fair market value or the present value of such cash flows since future prices and costs can vary substantially from <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">year-end</div> and the use of a 10% discount figure is arbitrary.</div><div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5. Changes in Reserves </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The <div style="letter-spacing: 0px; top: 0px;;display:inline;">2019 and </div>2018 extensions and discoveries reflect the drilling activity in the Company’s West Texas and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Mid-Continent</div> areas. The Company is employing technologies to establish proved reserves that have been demonstrated to provide consistent results capable of repetition. The technologies and economic data being used in the estimation of its proved reserves include, but are not limited to, electrical logs, radioactivity logs, geologic maps, production data and well test data. The estimated reserves of wells with sufficient production history are estimated using appropriate decline curves. Estimated reserves of producing wells with limited production history and for undeveloped locations are estimated using performance data from analogous wells in the area. These wells are considered analogous based on production performance from the same formation and with similar completion techniques. Future development plans are reflective of the current commodity prices and have been established based on an expectation of available cash flows from operations and availability under our revolving credit facility.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">CAPITALIZED COSTS RELATING TO </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OIL AND GAS PRODUCING ACTIVITIES </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 84%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="padding: 0px; vertical-align: top; width: 74%;"></td><td style="padding: 0px; vertical-align: top; width: 5%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 5%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="6" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">As of December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt; vertical-align: top;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Proved Developed oil and gas properties</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">527,729</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">514,821</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Proved Undeveloped oil and gas properties</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="height: 15px; padding: 0pt 4pt 0pt 0pt;;text-align:right;;vertical-align:bottom;">—</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="white-space: nowrap; height: 15px; padding: 0pt 4pt 0pt 0pt;;text-align:right;;vertical-align:bottom;">—</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 74%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total Capitalized Costs</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">527,729</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">514,821</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accumulated depreciation, depletion and valuation allowance</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">322,409</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">291,152</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 74%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Net Capitalized Costs</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">205,320</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">223,669</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 74%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">COSTS INCURRED IN OIL AND GAS PROPERTY ACQUISITION, </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">EXPLORATION AND DEVELOPMENT ACTIVITIES </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div> <div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 8pt; border-spacing: 0px; width: 76%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="padding: 0px; vertical-align: top; width: 74%;"></td><td style="padding: 0px; vertical-align: top; width: 5%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 5%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="6" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt; vertical-align: top;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Development Costs</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">15,348</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">42,079</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">RESERVE QUANTITY INFORMATION </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31, 2019 and 2018 </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div> <div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:100%;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 60%;"></td><td style="padding: 0px; width: 1%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 1%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 1%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 1%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 1%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px; width: 1%;;vertical-align:bottom;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td><td style="padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="22" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">As of December 31,</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="10" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="10" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Oil<br/>(MBbls)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">NGLs<br/>(MBbls)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Gas<br/>(MMcf)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Oil<br/>(MBbls)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">NGLs<br/>(MBbls)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Gas<br/>(MMcf)</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Proved Developed Reserves:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning of year</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">6,404</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,707</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">21,065</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">5,333</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,703</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">17,143</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Extensions, discoveries and improved recovery</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">471</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">264</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,330</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,284</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">438</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2237</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revisions of previous estimates</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(1,260</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">506</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,033</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">192</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">662</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">4,144</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Converted from undeveloped reserves</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">7</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">7</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">65</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">605</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">258</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">870</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reserves sold</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(5</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">0</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(120</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(3</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="white-space: nowrap;;text-align:right;;vertical-align:bottom;">—</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(368</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Reserve purchased</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">6</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">4</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">19</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">75</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">35</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">179</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Production</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(1,242</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(574</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(4,397</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(1,082</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(389</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(3,140</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 60%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">End of year</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">4,381</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2,914</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">19,995</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">6,404</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2,707</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">21,065</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 60%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Proved Undeveloped Reserves:</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Beginning of year</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">10</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">12</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">124</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">505</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">156</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">709</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Extensions, discoveries and improved recovery</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,834</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,013</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">4,530</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(123</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(22</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(34</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Revisions of previous estimates</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(4</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(1</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(42</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">233</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">136</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">319</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Converted to developed reserves</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(7</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(7</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(65</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(605</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(258</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">(870</td><td style="white-space: nowrap;;vertical-align:bottom;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 60%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">End of year</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,833</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">1,017</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">4,547</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">10</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">12</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">124</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 60%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 60%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total Proved Reserves at the End of the Year</div></div></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">6,214</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">3,931</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">24,542</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">6,414</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">2,719</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">21,189</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 60%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 1%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"></div><div style="width: 21%; line-height: 6pt; margin: 0pt auto 2pt; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">RESULTS OF OPERATIONS FROM OIL AND GAS PRODUCING ACTIVITIES </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31, 2019 and 2018 </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 100%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="padding: 0px; vertical-align: top; width: 80%;"></td><td style="padding: 0px; vertical-align: top; width: 4%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 4%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="6" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt; vertical-align: top;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">      2019      </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">      2018      </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Revenue:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Oil and gas sales</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">84,015</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">93,215</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Costs and Expenses:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Lease operating expenses</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">33,461</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">34,996</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Depreciation, depletion and accretion</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">34,616</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">36,154</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income tax expense</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">1,421</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">3,724</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 80%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total Costs and Expenses</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">69,498</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">74,874</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 80%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 80%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Results of Operations from Producing Activities (excluding corporate overhead and interest costs)</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">14,517</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">18,341</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 80%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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--12-31
PRIMEENERGY RESOURCES CORP
1994177
false
true
false
No
117679627
The following fair value hierarchy table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2019 and December 31, 2018:<table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 100%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="page-break-inside:avoid ; font-family:times new roman; font-size:8pt"><td style="white-space: nowrap;;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; font-size: 8pt; font-family: "times new roman"; line-height: normal;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td><td style="vertical-align:bottom;">  </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Quoted Prices in<br/>Active Markets<br/>For Identical<br/>Assets (Level 1)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;">  </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Significant<br/>Other<br/>Observable<br/>Inputs (Level 2)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;">  </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Significant<br/>Unobservable<br/>Inputs (Level 3)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"> </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Balance at<br/>December 31,<br/>2019</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="vertical-align: top;;width:;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> dollars)</div></td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Assets</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commodity derivative contracts</div></div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">272</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">272</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total assets</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">272</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">272</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities</div></div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Commodity derivative contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(753</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(753</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top; border-top: 0.75pt solid black;"><div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top; border-top: 0.75pt solid black;"> </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total liabilities</div></div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">(753</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">(753</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"> </div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-size: 0px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="page-break-inside:avoid ; font-family:times new roman; font-size:8pt"><td style="white-space: nowrap;;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; font-size: 8pt; font-family: "times new roman"; line-height: normal;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></td><td style="vertical-align:bottom;">  </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Quoted Prices in<br/>Active Markets<br/>For Identical<br/>Assets (Level 1)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;">  </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Significant<br/>Other<br/>Observable<br/>Inputs (Level 2)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;">  </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Significant<br/>Unobservable<br/>Inputs (Level 3)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"> </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Balance at<br/>December 31,<br/>2018</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="vertical-align: top;;width:;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> dollars)</div></td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Assets</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commodity derivative contracts</div></div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; vertical-align: top;">$</td><td style="white-space: nowrap; padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; vertical-align: top;">$</td><td style="white-space: nowrap; padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">2,394</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">2,394</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total assets</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">2,394</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">2,394</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities</div></div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Commodity derivative contract</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(98</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(98</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total liabilities</div></div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; vertical-align: top;">$</td><td style="white-space: nowrap; padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; vertical-align: top;">$</td><td style="white-space: nowrap; padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">(98</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">(98</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="text-indent: 4%; font-family: "times new roman"; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt; line-height: 12pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy for the year ended December 2019. </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:68%;"><tr style="font-size: 0px;"><td style="font-family: "times new roman"; padding: 0px; width: 86%;"></td><td style="font-family: "times new roman"; padding: 0px; width: 7%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 86%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-size: 10pt; background-color: rgb(204, 238, 255); letter-spacing: 0px; top: 0px;;display:inline;">Net Assets<div style="background-color: rgb(204, 238, 255); letter-spacing: 0px; top: 0px;;display:inline;"> –</div> December 31, 2018</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2,296</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 86%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total realized and unrealized (gains) losses:</div></div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 86%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-size: 10pt; background-color: rgb(204, 238, 255); letter-spacing: 0px; top: 0px;;display:inline;">Included in earnings (a)</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(4,148</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 86%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchases, sales, issuances and settlements</div></div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,371</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 86%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 86%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-size: 10pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Net Liabilities — December 31, 2019</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(481</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 86%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font-size: 12pt; margin-top: 0px; margin-bottom: 0px;"> </div><div style="width: 11%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;width:100%;"><tr style="page-break-inside: avoid;"><td style="text-align:left;;vertical-align:top;;width:4%;">(a)</td><td style="font-size: 10pt;;text-align:left;;vertical-align:top;"><div style="font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivative instruments are reported in revenues as realized gain/loss and on a separately reported line item captioned unrealized gain/loss on derivative instruments. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the effect of derivative instruments on the consolidated balance sheets at December 31, 2019 and 2018: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 100%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 49%; vertical-align: top;"></td><td style="padding: 0px; width: 5%; vertical-align: top;"></td><td style="padding: 0px; width: 0.5%; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 20%;"></td><td style="padding: 0px; width: 0.5%; vertical-align: top;"></td><td style="padding: 0px; width: 5%; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;;width:6%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; width: 5%; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 6%;"></td><td style="padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"><div style="line-height: normal;"> </div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"><div style="line-height: normal;"> </div></td><td colspan="6" style="padding-bottom: 0in; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">Fair Value</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="page-break-inside:avoid ; font-family:times new roman; font-size:8pt"><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands of dollars)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom:1.00pt solid #000000;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Balance Sheet Location</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom:1.00pt solid #000000;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>December 31,<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><br/>2019</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td colspan="2" style="border-bottom:1.00pt solid #000000;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> <div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>December 31,<div style="letter-spacing: 0px; top: 0px;;display:inline;"> <div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><br/>2018</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"><div style="font-weight:bold;display:inline;">Asset Derivatives:</div></div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;;width:6%;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top; width: 6%;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives not designated as cash-flow hedging instruments:</div></div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;;width:6%;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 6%;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Natural gas commodity contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;">Derivative asset short-term</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;;width:6%;">146</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 6%;;text-align:right;">63</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas liquid contracts</div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top; width: 20%;">Derivative asset short-term</td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="height: 16px; padding: 0pt 4pt 0pt 0pt; vertical-align: top;;text-align:right;;width:6%;">—</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top; width: 6%;;text-align:right;">138</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Crude oil commodity contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;">Derivative asset short-term</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;;width:6%;">126</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 6%;;text-align:right;">1,473</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas commodity contracts</div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top; width: 20%;">Derivative asset long-term and<br/>other assets</td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="height: 30px; padding: 0pt 4pt 0pt 0pt; vertical-align: bottom;;text-align:right;;width:6%;">—</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: bottom; width: 6%;;text-align:right;">7</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Crude oil commodity contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;">Derivative asset short-term<br/>and other assets</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); height: 30px; padding: 0pt 4pt 0pt 0pt; vertical-align: bottom;;text-align:right;;width:6%;">—</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 6%;;text-align:right;">713</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 49%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;;width:6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top; width: 6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 7em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;;width:6%;">272</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;">$</td><td style="vertical-align: top; width: 6%;;text-align:right;">2,394</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 49%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;;width:6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top; width: 6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"><div style="font-weight:bold;display:inline;">Liability Derivatives:</div></div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;;width:6%;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top; width: 6%;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives not designated as cash-flow hedging instruments:</div></div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;;width:6%;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 6%;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Crude oil commodity contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;">Derivative liability short-term</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;;width:6%;">(715</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); padding-right: 4pt; width: 6%;;text-align:right;;vertical-align:bottom;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas commodity contracts</div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top; width: 20%;">Derivative liability short-term</td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;;width:6%;">(38</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top; width: 6%;;text-align:right;">(75</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Natural gas liquid contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;">Derivative liability short-term</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); height: 16px; padding: 0pt 4pt 0pt 0pt; vertical-align: top;;text-align:right;;width:6%;">—</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 6%;;text-align:right;">(13</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas commodity contracts</div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top; width: 20%;">Derivative liability long-term</td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="height: 16px; padding: 0pt 4pt 0pt 0pt; vertical-align: top;;text-align:right;;width:6%;">—</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top; width: 6%;;text-align:right;">(10</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 49%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;;width:6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top; width: 6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 7em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;;width:6%;">(753</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 6%;;text-align:right;">(98</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 49%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;;width:6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top; width: 6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total derivative instruments</div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;;width:6%;">(481</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;">$</td><td style="vertical-align: top; width: 6%;;text-align:right;">2,296</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 49%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;;width:6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top; width: 6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the effect of derivative instruments on the consolidated statements of operations for the years ended December 31, 2019 and 2018: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 100%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="font-family: "times new roman"; padding: 0px; width: 43%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 2%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 40%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 2%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 2%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td rowspan="2" style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td rowspan="2" style="font-size: 8pt; padding-bottom: 0in; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;;margin-left :auto;margin-right :auto;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Location of gain/loss recognized in income</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="6" style="padding-bottom: 0in; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">Amount of gain/loss<br/>recognized in income</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt; vertical-align: top;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives not designated as cash-flow hedge instruments:</div></div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); width: 40%; vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas commodity contracts</div></div></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="width: 40%; vertical-align: top;">Unrealized gain (loss) on derivative instruments, net</td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">123</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(394</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Crude oil commodity contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); width: 40%; vertical-align: top;">Unrealized (loss) gain on derivative instruments, net</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(2,776</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">5,600</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas liquids contracts</div></div></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="width: 40%; vertical-align: top;">Unrealized (loss) gain on derivative instruments, net</td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(124</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">124</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Natural gas commodity contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); width: 40%; vertical-align: top;">Realized gain (loss) on derivative instruments, net</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">90</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(278</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Crude oil commodity contracts</div></div></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="width: 40%; vertical-align: top;">Realized (loss) on derivative instruments, net</td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(1,814</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(3,642</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Natural gas liquids contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); width: 40%; vertical-align: top;">Realized gain (loss) on derivative instruments, net</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">353</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(175</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 43%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; width: 40%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-family: "times new roman"; padding: 0px; width: 43%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; width: 40%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">(4,148</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">1,235</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 43%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; width: 40%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: "times new roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;text-indent: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The payment schedule for the Company’s operating and financing lease obligations as of December 31, 2019 is as follows: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="font-size: 0px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;"></td><td style="font-family: "times new roman"; padding: 0px; width: 11%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px; width: 11%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Operating<br/>Leases</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="white-space: nowrap; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Financing<br/>Leases</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%; background-color: rgb(204, 238, 255);;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2020</div></div></td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(204, 238, 255);;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">616</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(204, 238, 255);;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">8</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(255, 255, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2021</div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255); width: 11%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(255, 255, 255);;text-align:right;;vertical-align:bottom;">106</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(255, 255, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255); width: 11%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(255, 255, 255);;text-align:right;;vertical-align:bottom;">2</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(255, 255, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%; background-color: rgb(255, 255, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(255, 255, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);"> </td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(255, 255, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%; background-color: rgb(204, 238, 255);;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total undiscounted lease payments</div></div></td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(204, 238, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">722</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(204, 238, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">10</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(255, 255, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Less: Amount associated with discounting</div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255); width: 11%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(255, 255, 255);;text-align:right;;vertical-align:bottom;">(53</td><td style="white-space: nowrap; background-color: rgb(255, 255, 255);;vertical-align:bottom;">) </td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255); width: 11%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(255, 255, 255);;text-align:right;;vertical-align:bottom;">(1</td><td style="white-space: nowrap; background-color: rgb(255, 255, 255);;vertical-align:bottom;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%; background-color: rgb(255, 255, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(255, 255, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);"> </td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(255, 255, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%; background-color: rgb(204, 238, 255);;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net operating lease liabilities</div></div></td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(204, 238, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">669</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(204, 238, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">9</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%; background-color: rgb(255, 255, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(255, 255, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);"> </td><td style="font-family: "times new roman"; width: 11%; background-color: rgb(255, 255, 255);;vertical-align:bottom;">  </td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="background-color: rgb(255, 255, 255);;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; background-color: rgb(255, 255, 255);"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
No
8000
106000
2000
10000
53000
1000
669000
9000
412000
<div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10. Financial Instruments </div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fair Value Measurements: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Authoritative guidance on fair value measurements defines fair value, establishes a framework for measuring fair value and stipulates the related disclosure requirements. The Company follows a three-level hierarchy, prioritizing and defining the types of inputs used to measure fair value. The fair values of the Company’s interest rate swaps, natural gas and crude oil price collars and swaps are designated as Level 3. The following fair value hierarchy table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2019 and December 31, 2018: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 100%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="page-break-inside:avoid ; font-family:times new roman; font-size:8pt"><td style="white-space: nowrap;;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; font-size: 8pt; font-family: "times new roman"; line-height: normal;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td><td style="vertical-align:bottom;">  </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Quoted Prices in<br/>Active Markets<br/>For Identical<br/>Assets (Level 1)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;">  </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Significant<br/>Other<br/>Observable<br/>Inputs (Level 2)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;">  </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Significant<br/>Unobservable<br/>Inputs (Level 3)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"> </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Balance at<br/>December 31,<br/>2019</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="vertical-align: top;;width:;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> dollars)</div></td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Assets</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commodity derivative contracts</div></div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">272</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">272</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total assets</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">272</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">272</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities</div></div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Commodity derivative contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(753</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(753</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top; border-top: 0.75pt solid black;"><div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top; border-top: 0.75pt solid black;"> </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total liabilities</div></div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">(753</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">(753</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"> </div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-size: 0px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 8%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="page-break-inside:avoid ; font-family:times new roman; font-size:8pt"><td style="white-space: nowrap;;vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; font-size: 8pt; font-family: "times new roman"; line-height: normal;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></td><td style="vertical-align:bottom;">  </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Quoted Prices in<br/>Active Markets<br/>For Identical<br/>Assets (Level 1)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;">  </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Significant<br/>Other<br/>Observable<br/>Inputs (Level 2)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;">  </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Significant<br/>Unobservable<br/>Inputs (Level 3)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"> </td><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in; white-space: nowrap;;text-align:center;;vertical-align:bottom;"><div style="font-weight:bold;display:inline;">Balance at<br/>December 31,<br/>2018</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="vertical-align: top;;width:;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> dollars)</div></td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Assets</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commodity derivative contracts</div></div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; vertical-align: top;">$</td><td style="white-space: nowrap; padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; vertical-align: top;">$</td><td style="white-space: nowrap; padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">2,394</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">2,394</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total assets</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">2,394</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">2,394</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities</div></div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Commodity derivative contract</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(98</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 8%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(98</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 52%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total liabilities</div></div></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; vertical-align: top;">$</td><td style="white-space: nowrap; padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="white-space: nowrap; vertical-align: top;">$</td><td style="white-space: nowrap; padding-right: 4pt; vertical-align: top;;text-align:right;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">(98</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">(98</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 52%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 8%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The derivative contracts were measured based on quotes from the Company’s counterparties. Such quotes have been derived using valuation models that consider various inputs including current market and contractual prices for the underlying instruments, quoted forward prices for natural gas and crude oil, volatility factors and interest rates, such as a LIBOR curve for a similar length of time as the derivative contract term as applicable. These estimates are verified using comparable NYMEX futures contracts or are compared to multiple quotes obtained from counterparties for reasonableness. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The significant unobservable inputs for Level 3 derivative contracts include basis differentials and volatility factors. An increase (decrease) in these unobservable inputs would result in an increase (decrease) in fair value, respectively. The Company does not have access to the specific assumptions used in its counterparties’ valuation models. Consequently, additional disclosures regarding significant Level 3 unobservable inputs were not provided. </div></div> <div style="text-indent: 4%; font-family: "times new roman"; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt; line-height: 12pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy for the year ended December 2019. </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:68%;"><tr style="font-size: 0px;"><td style="font-family: "times new roman"; padding: 0px; width: 86%;"></td><td style="font-family: "times new roman"; padding: 0px; width: 7%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 86%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-size: 10pt; background-color: rgb(204, 238, 255); letter-spacing: 0px; top: 0px;;display:inline;">Net Assets<div style="background-color: rgb(204, 238, 255); letter-spacing: 0px; top: 0px;;display:inline;"> –</div> December 31, 2018</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">2,296</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 86%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total realized and unrealized (gains) losses:</div></div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;;vertical-align:bottom;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 86%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-size: 10pt; background-color: rgb(204, 238, 255); letter-spacing: 0px; top: 0px;;display:inline;">Included in earnings (a)</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255);;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(4,148</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 86%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchases, sales, issuances and settlements</div></div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman";;vertical-align:bottom;"> </td><td style="text-align:right;;vertical-align:bottom;">1,371</td><td style="white-space: nowrap; font-family: "times new roman";;vertical-align:bottom;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 86%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 86%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-size: 10pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Net Liabilities — December 31, 2019</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;">$</td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;">(481</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 86%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font-size: 12pt; margin-top: 0px; margin-bottom: 0px;"> </div><div style="width: 11%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px;;width:100%;"><tr style="page-break-inside: avoid;"><td style="text-align:left;;vertical-align:top;;width:4%;">(a)</td><td style="font-size: 10pt;;text-align:left;;vertical-align:top;"><div style="font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivative instruments are reported in revenues as realized gain/loss and on a separately reported line item captioned unrealized gain/loss on derivative instruments. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="font-family: "times new roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%; line-height: 12pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative Instruments: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company is exposed to commodity price and interest rate risk, and management considers periodically the Company’s exposure to cash flow variability resulting from the commodity price changes and interest rate fluctuations. Futures, swaps and options are used to manage the Company’s exposure to commodity price risk inherent in the Company’s oil and gas production operations. The Company does not apply hedge accounting to any of its commodity-based derivatives. Both realized and unrealized gains and losses associated with commodity derivative instruments are recognized in earnings. </div></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the effect of derivative instruments on the consolidated balance sheets at December 31, 2019 and 2018: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 100%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="padding: 0px; width: 49%; vertical-align: top;"></td><td style="padding: 0px; width: 5%; vertical-align: top;"></td><td style="padding: 0px; width: 0.5%; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 20%;"></td><td style="padding: 0px; width: 0.5%; vertical-align: top;"></td><td style="padding: 0px; width: 5%; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;;width:6%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; width: 5%; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 6%;"></td><td style="padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"><div style="line-height: normal;"> </div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"><div style="line-height: normal;"> </div></td><td colspan="6" style="padding-bottom: 0in; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">Fair Value</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="page-break-inside:avoid ; font-family:times new roman; font-size:8pt"><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands of dollars)</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom:1.00pt solid #000000;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;">Balance Sheet Location</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;">  </td><td colspan="2" style="border-bottom:1.00pt solid #000000;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>December 31,<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><br/>2019</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td><td colspan="2" style="border-bottom:1.00pt solid #000000;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> <div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>December 31,<div style="letter-spacing: 0px; top: 0px;;display:inline;"> <div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><br/>2018</div></td><td style="padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"><div style="font-weight:bold;display:inline;">Asset Derivatives:</div></div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;;width:6%;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top; width: 6%;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives not designated as cash-flow hedging instruments:</div></div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;;width:6%;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 6%;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Natural gas commodity contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;">Derivative asset short-term</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;;width:6%;">146</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 6%;;text-align:right;">63</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas liquid contracts</div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top; width: 20%;">Derivative asset short-term</td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="height: 16px; padding: 0pt 4pt 0pt 0pt; vertical-align: top;;text-align:right;;width:6%;">—</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top; width: 6%;;text-align:right;">138</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Crude oil commodity contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;">Derivative asset short-term</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;;width:6%;">126</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 6%;;text-align:right;">1,473</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas commodity contracts</div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top; width: 20%;">Derivative asset long-term and<br/>other assets</td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="height: 30px; padding: 0pt 4pt 0pt 0pt; vertical-align: bottom;;text-align:right;;width:6%;">—</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: bottom; width: 6%;;text-align:right;">7</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Crude oil commodity contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;">Derivative asset short-term<br/>and other assets</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); height: 30px; padding: 0pt 4pt 0pt 0pt; vertical-align: bottom;;text-align:right;;width:6%;">—</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 6%;;text-align:right;">713</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 49%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;;width:6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top; width: 6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 7em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total</div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;;width:6%;">272</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;">$</td><td style="vertical-align: top; width: 6%;;text-align:right;">2,394</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 49%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;;width:6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top; width: 6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"><div style="font-weight:bold;display:inline;">Liability Derivatives:</div></div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;;width:6%;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top; width: 6%;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives not designated as cash-flow hedging instruments:</div></div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;;width:6%;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 6%;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Crude oil commodity contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;">Derivative liability short-term</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;;width:6%;">(715</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); padding-right: 4pt; width: 6%;;text-align:right;;vertical-align:bottom;">—</td><td style="white-space: nowrap; font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas commodity contracts</div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top; width: 20%;">Derivative liability short-term</td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;;width:6%;">(38</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top; width: 6%;;text-align:right;">(75</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Natural gas liquid contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;">Derivative liability short-term</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); height: 16px; padding: 0pt 4pt 0pt 0pt; vertical-align: top;;text-align:right;;width:6%;">—</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 6%;;text-align:right;">(13</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas commodity contracts</div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top; width: 20%;">Derivative liability long-term</td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="height: 16px; padding: 0pt 4pt 0pt 0pt; vertical-align: top;;text-align:right;;width:6%;">—</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top; width: 6%;;text-align:right;">(10</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 49%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;;width:6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top; width: 6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 7em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;;width:6%;">(753</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%; vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top; width: 6%;;text-align:right;">(98</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 49%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;;width:6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top; width: 6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 49%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total derivative instruments</div></div></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;;width:6%;">(481</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;">$</td><td style="vertical-align: top; width: 6%;;text-align:right;">2,296</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 49%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 20%;"></td><td style="font-family: "times new roman"; width: 0.5%; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"><div style="line-height: normal;"> </div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;;width:6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 5%; vertical-align: top;"> </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top; width: 6%;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the effect of derivative instruments on the consolidated statements of operations for the years ended December 31, 2019 and 2018: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 100%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="font-family: "times new roman"; padding: 0px; width: 43%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 2%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 40%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 2%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; width: 2%; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td rowspan="2" style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td rowspan="2" style="font-size: 8pt; padding-bottom: 0in; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;;margin-left :auto;margin-right :auto;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Location of gain/loss recognized in income</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="6" style="padding-bottom: 0in; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">Amount of gain/loss<br/>recognized in income</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt; vertical-align: top;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives not designated as cash-flow hedge instruments:</div></div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); width: 40%; vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255); vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas commodity contracts</div></div></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="width: 40%; vertical-align: top;">Unrealized gain (loss) on derivative instruments, net</td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">123</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(394</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Crude oil commodity contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); width: 40%; vertical-align: top;">Unrealized (loss) gain on derivative instruments, net</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(2,776</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">5,600</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Natural gas liquids contracts</div></div></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="width: 40%; vertical-align: top;">Unrealized (loss) gain on derivative instruments, net</td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(124</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">124</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Natural gas commodity contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); width: 40%; vertical-align: top;">Realized gain (loss) on derivative instruments, net</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">90</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(278</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Crude oil commodity contracts</div></div></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="width: 40%; vertical-align: top;">Realized (loss) on derivative instruments, net</td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(1,814</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(3,642</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 43%; vertical-align: top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Natural gas liquids contracts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="background-color: rgb(204, 238, 255); width: 40%; vertical-align: top;">Realized gain (loss) on derivative instruments, net</td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">353</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(175</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 43%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; width: 40%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-family: "times new roman"; padding: 0px; width: 43%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; width: 40%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">(4,148</td><td style="white-space: nowrap; vertical-align: top;">) </td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">1,235</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 43%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="font-family: "times new roman"; padding: 0px; width: 40%; vertical-align: top;"></td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; width: 2%; vertical-align: top;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: 12pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8. Income Taxes </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The components of the provision (benefit) for income taxes for the years ended December 31, 2019 and 2018 are as follows: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="color: white; line-height: 0pt; visibility: hidden;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;"></td><td style="font-family: "times new roman"; padding: 0px; width: 7%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="white-space: nowrap; font-family: "times new roman";">            </td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px; width: 7%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="white-space: nowrap; font-family: "times new roman";">            </td><td style="font-family: "times new roman"; padding: 0px;"></td></tr><tr style="font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">    </td><td colspan="6" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">    </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">    2019    </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">    2018    </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Current:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">    </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Federal</div></div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">(1,798</div></td><td style="white-space: nowrap;;vertical-align:bottom;">)<div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">(4,742</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">) </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">State</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">123</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">(146</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">) </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total current</div></div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">(1,675</div></td><td style="white-space: nowrap;;vertical-align:bottom;">)<div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">(4,888</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">) </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Deferred:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">    </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;"> </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Federal</div></div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">3,536</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">7,620</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">State</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">(440</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">)<div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">246</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total deferred</div></div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">3,096</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">7,866</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 72%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total income tax provision</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">$</div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">1,421</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 7%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">$</div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">2,978</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 72%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 7%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="color: white; line-height: 0pt; visibility: hidden;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;"></td><td style="font-family: "times new roman"; padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="white-space: nowrap; font-family: "times new roman";">            </td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px; width: 5%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="white-space: nowrap; font-family: "times new roman";">            </td><td style="font-family: "times new roman"; padding: 0px;"></td></tr><tr style="font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="6" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">At December 31,</div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">    2019    </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">    </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">    2018    </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Deferred Tax Assets:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accrued liabilities</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">614</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">519</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Allowance for doubtful accounts</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">95</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">51</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivative Contracts</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">110</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">0</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Disallowed Interest Carryforwards</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255); height: 15px; padding: 0pt 4pt 0pt 0pt; width: 6%;;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255); white-space: nowrap;;display:inline;">—</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">769</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Alternative minimum tax credits</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">1,720</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">4,760</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">State Net operating loss carry-forwards</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">821</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">469</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Percentage depletion carry-forwards</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="height: 15px; padding: 0pt 4pt 0pt 0pt; width: 5%;;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">—</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="white-space: nowrap; height: 15px; padding: 0pt 4pt 0pt 0pt; width: 6%;;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">—</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">General Business Credits</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255); height: 15px; padding: 0pt 4pt 0pt 0pt; width: 5%;;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255); white-space: nowrap;;display:inline;">—</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">137</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total deferred tax assets</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">3,360</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">6,705</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Deferred Tax Liabilities:</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px; background-color: rgb(204, 238, 255);;vertical-align:bottom;"></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basis differences relating to managed partnerships</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">2,109</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">2,296</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Depletion and depreciation</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">37,173</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">36,711</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivative Contracts</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="height: 15px; padding: 0pt 4pt 0pt 0pt; width: 5%;;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">—</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">526</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Total deferred tax liabilities</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">39,282</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 5%;;vertical-align:bottom;">    </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">39,533</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 74%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 7em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net deferred tax liabilities</div></div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">35,922</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">32,828</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 74%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 5%;;vertical-align:bottom;">    </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The total provision for income taxes for the years ended December 31, 2019 and 2018 varies from the federal statutory tax rate as a result of the following: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-spacing: 0px;;margin : 0px auto;;text-align:left;;width:76%;"><tr style="color: white; line-height: 0pt; visibility: hidden;"><td style="font-family: "times new roman"; padding: 0px; width: 64%;"></td><td style="font-family: "times new roman"; padding: 0px; width: 12%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="white-space: nowrap; font-family: "times new roman";">            </td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="font-family: "times new roman"; padding: 0px; width: 12%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; padding: 0px;"></td><td style="white-space: nowrap; font-family: "times new roman";">            </td><td style="font-family: "times new roman"; padding: 0px;"></td></tr><tr style="font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="6" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt;;vertical-align:bottom;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;">  </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">        2019        </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td><td colspan="2" style="padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;vertical-align:bottom;;width:;"><div style="font-weight:bold;display:inline;"><div style="font-size: 8pt; font-family: "times new roman", serif; letter-spacing: 0px; top: 0px;;display:inline;">        2018        </div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman";;vertical-align:bottom;;width:;"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Expected tax expense</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">$</div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">1,028</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">$</div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">3,676</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revaluation of deferred tax attributes</div></div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="height: 15px; padding: 0pt 4pt 0pt 0pt; width: 5%;;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">—</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">0</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Executive Compensation</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">597</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">553</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">State income tax, net of federal benefit</div></div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">(303</div></td><td style="white-space: nowrap;;vertical-align:bottom;">)<div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">79</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Percentage depletion</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">(341</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;">)<div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">(140</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">) </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">AMT and </div>Marginal Well Credits</div></div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">436</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">(1,186</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">) </div></td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Other, net</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;">  </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">4</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); width: 12%;;vertical-align:bottom;"> </td><td style="background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;"> </div></td><td style="background-color: rgb(204, 238, 255);;text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">(4</div></td><td style="white-space: nowrap; background-color: rgb(204, 238, 255);;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">) </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 64%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr><tr style="font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; width: 64%;;vertical-align:top;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total income tax provision (benefit)</div></div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">1,421</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td><td style="text-align:right;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;">2,978</div></td><td style="white-space: nowrap;;vertical-align:bottom;"><div style="font-family: "times new roman"; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; width: 64%;;vertical-align:bottom;"></td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;">  </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td><td style="font-family: "times new roman"; width: 12%;;vertical-align:bottom;"> </td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align:bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman";"> </td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred income taxes reflect the impact of temporary differences between the amount of assets and liabilities recognized for financial reporting purposes and such amounts recognized for tax purposes. </div></div><div style="font-size: 1px; margin-top: 12px; margin-bottom: 0px;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On December 22, 2017, the U.S. enacted into legislation the Tax Cuts and Jobs Act (2017 Tax Act). Under the 2017 Tax Act, the company may use alternative minimum tax (AMT) credits to fully offset any regular tax liability. In addition, a portion of the minimum tax credit which exceeds the regular tax liability is refundable in future years. The refundable portion is 50% of any excess credit in the years<div style="letter-spacing: 0px; top: 0px;;display:inline;"> 201<div style="letter-spacing: 0px; top: 0px;;display:inline;">9</div> </div>through 2020 and 100% in 2021. The Company expects to receive a refund of $1.720 million in 20<div style="letter-spacing: 0px; top: 0px;;display:inline;">20</div> based on refundable credits claimed on the 201<div style="letter-spacing: 0px; top: 0px;;display:inline;">9</div> return, and additional $1.720 million refunds of previously paid taxes on its tax returns for the years 20<div style="letter-spacing: 0px; top: 0px;;display:inline;">20</div> <div style="letter-spacing: 0px; top: 0px;;display:inline;">and</div> 2021. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company is entitled to marginal well production credits under Internal Revenue Code section 45I.</div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Marginal Well Credit is phased out when oil and gas prices exceed certain levels. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company is entitled to percentage depletion on certain of its wells, which is calculated without reference to the basis of the property. To the extent that such depletion exceeds a property’s basis, it creates a permanent difference, which lowers the Company’s effective rate. The availability of the percentage depletion deduction is phased out as an entity’s production exceeds certain levels, and based on the Company’s increasing production the percentage depletion deduction is becoming less significant. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company is allowed a credit against the Texas Franchise Tax based on net operating losses incurred in prior periods. The credits allowed are $89 thousand in the years 20<div style="letter-spacing: 0px; top: 0px;;display:inline;">20</div> through 2026. Any credits not utilized in a given year due to the allowable credit exceeding the tax liability may be carried forward. No credit may be carried forward past 2026. The value of the credit is calculated net of the federal income tax effect. </div></div><div style="text-indent: 4%;font-family: times new roman;font-size: 10pt;margin-top: 12pt;margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has not recorded any provision for uncertain tax positions. The Company files income tax returns in the U.S. federal jurisdiction and various state and local jurisdictions. The 2004, 2005, 2006, 2009 <div style="letter-spacing: 0px; top: 0px;;display:inline;">and </div>2017 federal income tax returns have been audited by the Internal Revenue Service. Returns for unexamined earlier years may be examined and adjustments made to the amount of percentage depletion and AMT credit carryforwards flowing from those years into an open tax year, although in general no assessment of income tax may be made for those years on which the statute has closed. State returns for the years 2017 through 2019 remain open for examination by the relevant taxing authorities </div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
436000
-1186000
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2. Acquisitions and Dispositions </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">Historically, the Company has repurchased the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-controlling</div> interests of the partners and trust unit holders in certain of the Partnerships, which consist primarily of oil and gas interests. The Company purchased such <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-controlling</div> interests in an amount totaling $499,000 in 2019 and $65,000 in 2018.</div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During 2018 the Company acquired 1,640 gross (464 net) acres, along with 16.6% to 33.4% working interest ownership in 51 oil and gas wells and one commercial salt water disposal well operated by the Company, all located in Reagan County, Texas, for $6,080,000. </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="display:inline;">During 2019 and 2018 the Company sold or farmed out interests in certain <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-core</div> undeveloped and developed oil and natural gas properties through a number of individually negotiated transactions in exchange for cash and a royalty or working interest in Oklahoma, Kansas, Colorado, Texas and Wyoming. Proceeds under these agreements were approximately </div><div style="letter-spacing: 0px; top: 0px;;display:inline;"> $4.3 and</div> $3.1 million<div style="letter-spacing: 0px; top: 0px;;display:inline;">, respectively</div>.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Nature of Operations: </div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">PrimeEnergy Resources Corporation (“PERC”), a Delaware corporation, was organized in March 1973 and is engaged in the development, acquisition and production of oil and natural gas properties. PrimeEnergy Resources Corporation and its subsidiaries are herein referred to as the “Company.” The Company owns leasehold, mineral and royalty interests in producing and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-producing</div> oil and gas properties across the United States, primarily in Oklahoma, Texas and West Virginia. The Company operates approximately 1,400 active wells and owns <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-operating</div> interests and royalties in approximately 800 additional wells. Additionally, the Company provides well-servicing support operations, site-preparation and construction services for oil and gas drilling and reworking operations, both in connection with the Company’s activities and providing contract services for third parties. The Company is publicly traded on the NASDAQ under the symbol “PNRG.” PERC owns Eastern Oil Well Service Company (“EOWSC”) and EOWS Midland Company (“EMID”) which perform oil and gas field servicing. PERC also owns Prime Operating Company (“POC”), which serves as operator for most of the producing oil and gas properties owned by the Company and affiliated entities. PrimeEnergy Management Corporation (“PEMC”), a wholly-owned subsidiary, acts as the managing general partner, providing administration, accounting and tax preparation services for 3 limited partnerships and 2 trusts (collectively, the “Partnerships”). The markets for the Company’s products are highly competitive, as oil and gas are commodity products and prices depend upon numerous factors beyond the control of the Company, such as economic, political and regulatory developments and competition from alternative energy sources.</div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Effects of Coronavirus on Business: </div></div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">On March 11, 2020, the World Health Organization declared the outbreak of the Coronavirus <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">(“COVID-19”),</div> which continues to spread throughout the U.S. and the world, a pandemic. The outbreak is having an impact on the global economy, resulting in rapidly changing market and economic conditions. Similar to many businesses in the energy sector, our business has been impacted by the recent <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> outbreak and associated restrictions that have been implemented. The Company temporarily implemented social distancing requirements and work from home accommodations where appropriate.</div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="display:inline;">The oversupply in the oil markets and related price volatility, depending on its duration may have an adverse impact on cash flows from operations and the valuation of capitalized costs related to oil and gas producing activities. The full extent to which <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> will impact the Company’s results will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of the virus and the actions to contain or treat its impact. </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consolidation and Presentation: </div></div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The consolidated financial statements include the accounts of PrimeEnergy Resources Corporation, its subsidiaries and the Partnerships, using the full consolidation method for those partnerships which are controlled by the Company. The Company’s reserve estimates are based on the ownership percentage of Partnership reserve reports. DD&A expense and evaluation of impairment may differ from the Partnership as the Company’s cost basis for the Partnership interests acquired may be different than the cost basis at the Partnership level for properties acquired by the Partnership. All significant intercompany balances and transactions are eliminated in preparing the consolidated financial statements. </div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassifications: </div></div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Certain reclassifications have been made to prior year statements to conform with the current year presentation. These reclassifications have no impact on net income and no material impact on any other financial statement captions. </div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Use of Estimates: </div></div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Estimates of oil and gas reserves, as determined by independent petroleum engineers, are continually subject to revision based on price, production history and other factors. Depletion expense, which is computed based on the units of production method, could be significantly impacted by changes in such estimates. Additionally, U.S. generally accepted accounting principles require that if the expected future undiscounted cash flows from an asset are less than its carrying cost, that asset must be written down to its fair market value. As the fair market value of an oil and gas property will usually be significantly less than the total undiscounted future net revenues expected from that asset, slight changes in the estimates used to determine future net revenues from an asset could lead to the necessity of recording a significant impairment of that asset.</div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-size: 1px; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 10pt; letter-spacing: 0px;;font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Property and Equipment:</div></div></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company follows the “successful efforts” method of accounting for its oil and gas properties. Under the successful efforts method, costs of acquiring undeveloped oil and gas leasehold acreage, including lease bonuses, brokers’ fees and other related costs are capitalized. Provisions for impairment of undeveloped oil and gas leases are based on periodic evaluations. Annual lease rentals and exploration expenses, including geological and geophysical expenses and exploratory dry hole costs, are charged against income as incurred. Costs of drilling and equipping productive wells, including development dry holes and related production facilities, are capitalized. All other property and equipment are carried at cost. Depreciation and depletion of oil and gas production equipment and properties are determined under the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap;;display:inline;">unit-of-production</div></div> method based on estimated proved developed recoverable oil and gas reserves. Depreciation of all other equipment is determined under the straight-line method using various rates based on useful lives generally ranging from 5 to 10 years. The cost of assets and related accumulated depreciation is removed from the accounts when such assets are disposed of, and any related gains or losses are reflected in current earnings.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4%;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Subsequent Events: </div></div></div></div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Subsequent events have been evaluated through the date that the consolidated financial statements were issued. During this period, there were no material subsequent items requiring disclosure other than as stated in footnotes 2 and 4 to these financial statements. </div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">STANDARDIZED MEASURE OF DISCOUNTED FUTURE </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NET CASH FLOWS RELATING TO PROVED OIL AND GAS RESERVES </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div> <div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 92%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="padding: 0px; vertical-align: top; width: 76%;"></td><td style="padding: 0px; vertical-align: top; width: 4%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 4%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="6" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">As of December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt; vertical-align: top;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Future cash inflows</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">423,839</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">518,783</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Future production costs</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(202,169</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;">) </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(253,896</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Future development costs</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(62,379</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(24,584</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Future income tax expenses</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(29,678</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;">) </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(38,589</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 76%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Future Net Cash Flows</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">129,613</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">201,714</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10% annual discount for estimated timing of cash flows</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(48,001</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;">) </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(63,805</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 76%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 76%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Standardized Measure of Discounted Future Net Cash Flows</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">81,612</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 4%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">137,909</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 76%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 4%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">STANDARDIZED MEASURE OF DISCOUNTED FUTURE </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NET CASH FLOWS AND CHANGES THEREIN </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">RELATING TO PROVED OIL AND GAS RESERVES </div></div></div></div><div style="font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;;margin-left :auto;margin-right :auto;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Unaudited) </div></div></div></div> <div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div><div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following are the principal sources of change in the standardized measure of discounted future net cash flows during 2019 and 2018: </div></div><div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><table border="0" cellpadding="0" cellspacing="0" style="font-family: "times new roman"; font-size: 10pt; border-spacing: 0px; width: 84%;;margin : 0px auto;;text-align:left;"><tr style="font-size: 0px;"><td style="padding: 0px; vertical-align: top; width: 74%;"></td><td style="padding: 0px; vertical-align: top; width: 5%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top; width: 5%;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td><td style="padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="6" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">Year Ended December 31,</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 8pt; page-break-inside: avoid;"><td style="font-size: 8pt; white-space: nowrap; padding-bottom: 0.5pt; vertical-align: top;;width:;"><div style="font-family: "times new roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="font-family: "times new roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(Thousands</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> of</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">  dollars)</div></div></div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2019</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;">  </td><td colspan="2" style="vertical-align: top; padding-bottom: 0in; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;;width:;"><div style="font-weight:bold;display:inline;">2018</div></td><td style="padding-bottom: 0.5pt; font-family: "times new roman"; vertical-align: top;;width:;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Sales of oil and gas produced, net of production costs</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(15,938</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;">$</td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(22,065</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net changes in prices and production costs</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(42,409</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;">) </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">24,826</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Extensions, discoveries and improved recovery</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">31,276</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">46,885</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revisions of previous quantity estimates</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(3,319</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;">) </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">1,942</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Net change in development costs</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(53,143</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">3,062</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reserves sold</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(113</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;">) </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(274</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Reserves purchased</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">174</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">971</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accretion of discount</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">13,791</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">10,691</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Net change in income taxes</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">5,572</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(17,704</td><td style="white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: top;">) </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in production rates (timing) and other</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">7,812</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="vertical-align: top;;text-align:right;">(17,339</td><td style="white-space: nowrap; vertical-align: top;">) </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 74%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Net change</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">(56,297</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;">) </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">30,995</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Standardized measure of discounted future net cash flow:</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td><td style="font-family: "times new roman"; padding: 0px; vertical-align: top;"></td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; background-color: rgb(204, 238, 255); vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px; background-color: rgb(204, 238, 255);;display:inline;">Beginning of year</div></div></td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">137,909</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top; width: 5%;">  </td><td style="font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td><td style="background-color: rgb(204, 238, 255); vertical-align: top;;text-align:right;">106,914</td><td style="white-space: nowrap; font-family: "times new roman"; background-color: rgb(204, 238, 255); vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 74%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-family: times new roman; font-size: 10pt; page-break-inside: avoid;"><td style="font-size: 10pt; vertical-align: top; width: 74%;"><div style="text-indent: -1em; font-family: "times new roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">End of year</div></div></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">81,612</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;">$</td><td style="vertical-align: top;;text-align:right;">137,909</td><td style="white-space: nowrap; font-family: "times new roman"; vertical-align: top;"> </td></tr><tr style="font-size: 1px;"><td style="font-family: "times new roman"; padding: 0px; vertical-align: top; width: 74%;"></td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td><td style="font-family: "times new roman"; vertical-align: top; width: 5%;">  </td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td><td style="font-family: "times new roman"; vertical-align: top;"> </td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
iso4217:USD
xbrli:shares
xbrli:pure
utr:acre
utr:MBbls
utr:MMcf
iso4217:USD
xbrli:shares
pnrg:Well
pnrg:industries
pnrg:Partnership
pnrg:Officers
pnrg:Trust
Derivative instruments are reported in revenues as realized gain/loss and on a separately reported line item captioned unrealized gain/loss on derivative instruments.