text: (1) The Company drilled three exploratory wells in the Anadarko Basin that did not have economically 
  
  recoverable reserves (i.e. dry wells) and as such, all associated costs were written off. 
  
  In July 2014, the Company acquired the working interest in approximately 9,200 gross (5,700 net) in Dimmit County, 
  Texas. The purchase price included an initial cash payment of $35.5 million and a commitment to drill four Eagle 
  Ford wells. The purchase price was allocated between exploration and evaluation and development and production 
  assets based on discounted cash flows of developed producing wells. 
  
  The ultimate recoupment of costs carried forward for exploration phase is dependent on the successful development 
  and commercial exploitation or sale of respective areas. 