Quarterly report pursuant to Section 13 or 15(d)

Accounts Receivable - Related Parties

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Accounts Receivable - Related Parties
6个月结束
小君. 30, 2013
应收账款(抽象)  
Accounts Receivable - Related Parties
ACCOUNTS RECEIVABLE—RELATED PARTIES
Included in the accompanying consolidated balance sheets as of 2013年6月30日2012年12月31日 are amounts receivable from related parties of the Company. These receivables consist primarily of amounts billed by the Company to related parties as operator of such parties' Colorado 和 Ohio oil 和 natural gas properties. At 2013年6月30日2012年12月31日, these receivables totaled $36.800万年$34.800万年分别.
7月1日生效, 2008, the Company entered into an acquisition team agreement with Everest Operations Management LLC ("Everest") to identify 和 evaluate potential oil 和 gas properties in which the Company 和 Everest or its affiliates may wish to invest. Upon a successful closing of an acquisition or divestiture, the party identifying the acquisition or divestiture is entitled to receive a fee from the other party 和 its affiliates, 如果适用的话, participating in such closing. 费用等于 1% of the party’s proportionate share of the acquisition or divestiture consideration. The agreement may be terminated by either party upon 30 天通知. Affiliates of Everest were billed approximately $0.200万年$0.500万年 under this acquisition team agreement during the three 和 six months ended 小君e 30, 2012, which amounts are reflected as a reduction of general 和 administrative expenses in the consolidated statements of operations. Amounts billed under the acquisition team agreement during the three 和 six months ended 小君e 30, 2013 体育平台是无形的.